Cable Update (GBPUSD)

Quoting Jolita

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{quote} I would sell / dispose risky asset, and this is what is happening - banks, asset managers started disposing GBP assets.

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Quoting Moty

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took long gold entry 1666 tp 1729 sl unknown

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Quoting emmanuel7788

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{quote} when there is fear there will be panic and investors will dispose risky assets too quickly, but I recall what Warren Buffet told his investors ... {image}

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Quoting Pat Chiko

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{quote} Common Ranger, you know the rules, no talking about me behind my back.... I was asleep for few hours.....

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Quoting VM.

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{quote} That's good advise for investing, and terrible advise for day trading. A trader should be in sync with the market. I lost a lot of money thinking that the market is mistaken and will see its mistake soon. It can easily take the market a few years to realise it was wrong. As the famous quote from John Milnard Kejnes goes, markets can stay irrational longer than you can stay solvent.

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Quoting VM.

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{quote} I am in from 1.1097, bad entry, had to endure drawdown for a few hours, but now the trade does not look bad at all. If we close below 1.10, I will probably keep it.

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Quoting AlexGann

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Another article about BOE Pivot, Bank of England Bought Only Small Amounts of Bonds even Today, Warns Pension Funds They Have “Only Three Days Left” to Unwind Derivatives with BOE Support https://wolfstreet.com/2022/10/11/ba...h-boe-support/

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Quoting Bella.al

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Long GBPUSD : 1.09661 S/L : 1.09378 T/P : 1.10778 {image}

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Quoting TheWolf

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{quote} Thanks for the link! "So now, inflation is spiking in Japan and the yen is getting killed. Unwinding a portion of the balance sheet in this manner likely removed some fuel from inflation and maybe kept the yen from plunging further. But what the BOJ really needs to do, in addition to QT, is raise its policy interest rates by a bunch to not be left further behind by the Fed and even by the ECB, and it needs to remove the peg on the 10-year JGB yield and let the yield float higher. And that will likely happen, but not before BOJ governor Haruhiko...

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Quoting tenkanzen

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{quote} You're up early too...fundamentally, I don't think JPY can be that strong. If so, then going long on GBPJPY can be a play if we were to believe the UK isn't in such a bad shape. It was going to challenge 163 before Bailey tanked it bad..

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Quoting Fardeen1209

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Anybody long UJ for scalping?

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Quoting suhas316

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Good Morning 4H chart of GBP/USD I will go short only if it close below 1.10273 {image}

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Quoting TheWolf

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{quote} With negative interest rates, no.. it can't. If, however BoJ acted as other central banks did and started raising rates, Yen would be as good as USD is now, or close to it. USD, JPY and CHF do amazingly well in times of crisis (proof 1USD=1CHF). I think, as was in 07-08, time for great Pound and Euro depreciation against Yen has come. The only thing I look for now is the time BoJ will start raising rates. When they do, then we'll see quite a movement in Yen pairs! GBP/JPY and EUR/JPY especially! I don't know how markets see Pound vs Yen...

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Quoting Fardeen1209

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{quote} Warren Buffet said you need to find a way to make money while you sleep, and it is the best feeling. I think the market start to pricing in the FOMC or Bad Machinery Orders for Japan

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Quoting AlexGann

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Another article about BOE Pivot, Bank of England Bought Only Small Amounts of Bonds even Today, Warns Pension Funds They Have “Only Three Days Left” to Unwind Derivatives with BOE Support https://wolfstreet.com/2022/10/11/ba...h-boe-support/

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