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Cable Update (GBPUSD)

  • #695,161
  • Oct 12, 2022 5:08am Oct 12, 2022 5:08am
Quoting tenkanzen
Flow of funds for today: XXXUSD and XXXJPY and equities to get pumped till FOMC. Everything reverses during FOMC. Just my prediction..I could be insane though...
Not bad, seems I'm right...
  • #695,162
  • Oct 12, 2022 5:09am Oct 12, 2022 5:09am
Quoting Pat Chiko
{quote} GU End of scalping. Seller are helping this trade to its target. Helping to fuel the buyer by giving liquidity. MO are the same, get more people trapped to fill their order. There was a shakeout to get the remaining long positions liquidated. Now that the little guys out, the market can go back up. And most of the little guys are now short.{image} The charts are presenting trapping signal both ways and the intermarket relationships are tearing, pointing to a realignment of changing ground , probably on a major scale. Be prepared about the...
Live trading posts, you just can't beat them...
  • #695,163
  • Oct 12, 2022 5:15am Oct 12, 2022 5:15am
Quoting tenkanzen
{quote} Not bad, seems I'm right...
EU not going up. Short positions are being piled up for FOMC.
More time in the market, does not mean you trade better!
  • #695,164
  • Oct 12, 2022 5:16am Oct 12, 2022 5:16am
Quoting Pat Chiko
{quote} GU End of scalping. Seller are helping this trade to its target. Helping to fuel the buyer by giving liquidity. MO are the same, get more people trapped to fill their order. There was a shakeout to get the remaining long positions liquidated. Now that the little guys out, the market can go back up. And most of the little guys are now short.{image} The charts are presenting trapping signal both ways and the intermarket relationships are tearing, pointing to a realignment of changing ground , probably on a major scale. Be prepared about the...
Do you have a projection or target where this should end up and roughly when? (Post FOMC, post CPI, other)
  • #695,165
  • Oct 12, 2022 5:16am Oct 12, 2022 5:16am
switched to long
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yes yes yes
  • #695,166
  • Oct 12, 2022 5:16am Oct 12, 2022 5:16am
Quoting Waveskierrob
{quote} Live trading posts, you just can't beat them...

Some Newbie luck with "LIVE" trade.
This has nothing to do with the current up spikes moves by GBP.
Enjoy
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #695,167
  • Oct 12, 2022 5:17am Oct 12, 2022 5:17am
Quoting Pat Chiko
{quote} GU End of scalping. Seller are helping this trade to its target. Helping to fuel the buyer by giving liquidity. MO are the same, get more people trapped to fill their order. There was a shakeout to get the remaining long positions liquidated. Now that the little guys out, the market can go back up. And most of the little guys are now short.{image} The charts are presenting trapping signal both ways and the intermarket relationships are tearing, pointing to a realignment of changing ground , probably on a major scale. Be prepared about the...
Magician
  • #695,168
  • Oct 12, 2022 5:18am Oct 12, 2022 5:18am
Quoting Fardeen1209
{quote} EU not going up. Short positions are being piled up for FOMC.
NFP & unemployment data on one side US10Y bond yield on the other

US cannot hike more than 50 bps
  • #695,169
  • Oct 12, 2022 5:19am Oct 12, 2022 5:19am
Quoting dantpm
{quote} Do you have a projection or target where this should end up and roughly when? (Post FOMC, post CPI, other)
As Newbie, I no expert on that.
I may ask waveskierrob to toss coin.



Seriously, no idea.
I just wait for set up
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #695,170
  • Oct 12, 2022 5:19am Oct 12, 2022 5:19am
Quoting Pat Chiko
{quote} Some Newbie luck with "LIVE" trade. This has nothing to do with the current up spikes moves by GBP. Enjoy {image}
you mean the face was so ugly that men preferred to remain at sea
  • #695,171
  • Oct 12, 2022 5:20am Oct 12, 2022 5:20am
im out now..100% daily goal..but i think cable will go to 1.12 at fomc..stay safe guys
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  • #695,172
  • Oct 12, 2022 5:20am Oct 12, 2022 5:20am
Quoting Whale
{quote} Magician
Beginners Luck = Newbie Luck
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #695,173
  • Oct 12, 2022 5:22am Oct 12, 2022 5:22am
Quoting PatienceFx
{quote} NFP & unemployment data on one side US10Y bond yield on the other US cannot hike more than 50 bps
The Fed has said that it wants unemployment to reduce wage spending so I don't see how that is a negative for rates. Pretty sure that 75 bps is still on the table.
  • #695,174
  • Oct 12, 2022 5:22am Oct 12, 2022 5:22am
man on his wedding night

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source: https://www.forexfactory.com/thread/...0#post14176260
  • #695,175
  • Oct 12, 2022 5:22am Oct 12, 2022 5:22am
Come on let’s see 11150-112 before we can get the hammer out in time for fomc
Insane in the Brain..
  • #695,176
  • Oct 12, 2022 5:24am Oct 12, 2022 5:24am
Are we just looking at a build up of liquidity for a large drop when NY opens. ????
  • #695,177
  • Oct 12, 2022 5:24am Oct 12, 2022 5:24am
POSTMASTER
  • #695,178
  • Oct 12, 2022 5:25am Oct 12, 2022 5:25am
Quoting Pat Chiko
{quote} Some Newbie luck with "LIVE" trade. This has nothing to do with the current up spikes moves by GBP. Enjoy {image}
I respect anyone who posts real time live trades and loses, more than all these who just post profits at the end of the day I just flick through and don't take a blind bit of notice., put up or shut up again only my opinion ...ps made 1,000,000,000 pips yesterday well it was actually 1,000,000,057 but I don't like to brag..
  • #695,179
  • Oct 12, 2022 5:26am Oct 12, 2022 5:26am
Quoting Effex-ike
Taken 2 Losses today trying to short around the 1.097x level - 60 pips total. My question to everyone - how do you deal with your own losses and move on through the rest of the day? I am an office-based worker so can simply 'do my actual job' to take the persistent thought away and prevent a spiral of bad decisions and losses. My cable analysis at the moment is pointing to the downside, potentially in the NY session...
joining a fight club helped me a lot with that
  • #695,180
  • Edited 5:49am Oct 12, 2022 5:26am | Edited 5:49am
Quoting PatienceFx
{quote} NFP & unemployment data on one side US10Y bond yield on the other US cannot hike more than 50 bps
Yeah according to the data.
I have joined the forex world recently and lack experience, but what I continuously saw from FOMC/MPC meeting to meeting, is the parties in the charge of monetary policy keep shocking the whole world with their decision.
Nothing is impossible at this point.
Even I think a 50bps hike is enough for the next FOMC, but i always leave room for the unexpected, and i focus more on that part.
More time in the market, does not mean you trade better!
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