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Cable Update (GBPUSD)

  • #688,641
  • Sep 27, 2022 7:07pm Sep 27, 2022 7:07pm
Long 3 orders 0730 tp open
  • #688,642
  • Sep 27, 2022 7:19pm Sep 27, 2022 7:19pm
Alternative Scenarios for Today
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  • #688,643
  • Sep 27, 2022 7:21pm Sep 27, 2022 7:21pm
Quoting Polimini
{quote} To be fair to them (BoE) it's not like the rates by themselves solve problems or make miracles. You can discuss, maybe it's too high or too low, but they are not the magical solution, or most countries wouldn't have problems even with them at 20% or more. Going for too high if the economy can't take it can create as much problems as it can solve.
You can't be fair to the Bank of England or any western central bank in the last 20Y. The mess is complicated, and they are at the storm's centre.
They caused the fire due to overprinting in the first place.
A recession looms, and raising rates is very much part of the solution.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #688,644
  • Sep 27, 2022 7:29pm Sep 27, 2022 7:29pm
Quoting Bones
{quote} You can't be fair to the Bank of England or any western central bank in the last 20Y. The mess is complicated, and they are at the storm's centre. They caused the fire due to overprinting in the first place. A recession looms, and raising rates is very much part of the solution. {image}
All of the central banks printed money! The stupid detail is that now they think that by cutting wages, prices and so on will reduce the money supply that caused inflation!
  • #688,645
  • Sep 27, 2022 8:25pm Sep 27, 2022 8:25pm
Quoting profits7
{image}
_______________ soon my TP1
Don’t focus on making $$$, focus on protecting what you have.
  • #688,646
  • Sep 27, 2022 8:53pm Sep 27, 2022 8:53pm
Still in. Nothing can stop me now! Don’t even try.
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  • #688,647
  • Sep 27, 2022 9:17pm Sep 27, 2022 9:17pm
Quoting lddd
Still in. Nothing can stop me now! Don’t even try. {image}
Only humble people win in this arena I suggest you to tone down or else the market has the muscle to do it
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  • #688,648
  • Sep 27, 2022 9:25pm Sep 27, 2022 9:25pm
Quoting Mitiblotch
This pair came back near my entry. I am out of my short. What kind of bounce was that? Well, back to JPY. Short UJ at 144.80. That area is the 78.6% fib ret. of the fall during the BOJ intervention.

Seeking your thoughts-if you are selling USDJPY because of BoJ as the primary reason, won't it make more sense to short other yen pairs? I'm sure you can find weaker currencies (AUD and NZD) which are also at 78.6% or other key areas.

Thanks.
  • #688,649
  • Sep 27, 2022 9:32pm Sep 27, 2022 9:32pm
Quoting Pat Chiko
{quote} I'm still underwater and hope it will comes up to the surface soon...
Equities still taking a hammering.

Don't really see any news that can turn it around unless Powell does. But then again last night...
  • #688,650
  • Sep 27, 2022 9:33pm Sep 27, 2022 9:33pm
Quoting Headland
{quote} New chancellor is indeed well educated - Phd in economics, but he must have been off when they did the module on behavioral finance!
With all due respect, majority of these clowns are educated idiots. It was themselves creating the problem, now when their policy been backfired on their face, they dont know where to go or who to blame.
Of course it is Russia. and it will be always Russia!
More time in the market, does not mean you trade better!
  • #688,651
  • Sep 27, 2022 9:38pm Sep 27, 2022 9:38pm
Quoting WizardTrade
I am going long shortly. It may retrace to 1.09xxx My view today: {image}
Update on previous outlook

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  • #688,652
  • Sep 27, 2022 9:40pm Sep 27, 2022 9:40pm
EU already making a new low(below Munday low), GU not yet
More time in the market, does not mean you trade better!
  • #688,653
  • Sep 27, 2022 9:41pm Sep 27, 2022 9:41pm
Quoting Fardeen1209
{quote} With all due respect, majority of these clowns are educated idiots. It was themselves creating the problem, now when their policy been backfired on their face, they dont know where to go or who to blame. Of course it is Russia. and it will be always Russia!
The problem is, the policymakers are rich, so they are thinking from their POV.

It's not that they are educated idiots. Seriously, do you believe an idiot can rise to such power/position? The answer is definitely no. They are smart enough to rise to such position, then make selfish policies to benefit themselves. As long as they don't feel the negative effects of their own policies, they're happy. This is why the best performing companies are always the ones where the CEOs/directors have a long tenure-they actually see through plans and think long-term. Companies that have frequent changes to their C-suites often implement policies that hanker after short-term gains which are not sustainable and takes a hell lot to reverse.
  • #688,654
  • Sep 27, 2022 9:46pm Sep 27, 2022 9:46pm
GAP ready to be filled or minor retracement will occur now
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More time in the market, does not mean you trade better!
  • #688,655
  • Sep 27, 2022 9:48pm Sep 27, 2022 9:48pm
Anyone here drives an Audi?

https://racingnews365.com/exclusive-...an-to-enter-f1
  • #688,656
  • Sep 27, 2022 10:04pm Sep 27, 2022 10:04pm
Quoting Fardeen1209
GAP ready to be filled or minor retracement will occur now {image}
Looks like we're getting that retracement
  • #688,657
  • Sep 27, 2022 10:05pm Sep 27, 2022 10:05pm
Quoting voeltoez
Long 3 orders 0730 tp open
lucky me just 0.1 lots each...
now open long again martingale
  • #688,658
  • Sep 27, 2022 10:11pm Sep 27, 2022 10:11pm
Very very negligible risk trades in Asia.
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Intraday only.
  • #688,659
  • Sep 27, 2022 10:13pm Sep 27, 2022 10:13pm
Pound at tipping point at the moment.
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  • #688,660
  • Sep 27, 2022 10:17pm Sep 27, 2022 10:17pm
Quoting navk
Very very negligible risk trades in Asia. {image}
next month i will take mff prop challenge..i hope can follows ur success
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