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Cable Update (GBPUSD)

  • #695,401
  • Oct 12, 2022 1:31pm Oct 12, 2022 1:31pm
GU - short 1.1112 - 7pip SL
"Exchange of hands"
  • #695,402
  • Oct 12, 2022 1:31pm Oct 12, 2022 1:31pm
Quoting Pat Chiko
Whomever didn;t make it thru tonight, we still got another high impact news tomorrow. That's going to be goo time to trade. Whoever loser some money don't despair, just be honest explain thing slowly and clearly.. {image}
Be nice, don’t pull them out of the closet.
  • #695,403
  • Oct 12, 2022 1:32pm Oct 12, 2022 1:32pm
Quoting thevisitor
{quote} 1.1130 hit
Great trade, I have to say I did not feel optimistic about it when I first saw it.
  • #695,404
  • Oct 12, 2022 1:33pm Oct 12, 2022 1:33pm
Quoting Jolita
{quote} I can see you face when she said this to you - I know mum this long ago!
I started laughing.
Every day she asked me if there is anything important today before she looks for the house chores to give me when i already open a trade.
That is my daily routine
More time in the market, does not mean you trade better!
  • #695,405
  • Oct 12, 2022 1:33pm Oct 12, 2022 1:33pm
Quoting Wavegarrick
{quote} Hi Wolf, Your post explains exactly the reason I moved away from fundamentals. Everything in you charts are screaming buy, but you will not trade simply because you are over cautious about fundamentals. Have you ever considered that a lot of it could already be priced in? To be honest with you, I would not want to trade if I was concerned by fundamentals day in and day out, especially when it comes to longer term trading. My 4 hr chart showing bullish hints and if you were long, some pips in the bag. Cheers. {image}
Yeah. I guess we learn every day WaveG..

However, even if the signals are to go long, they could have as easily been wrong also, since the banks can do whatever they want.
You're right though, of course. I do follow my system and should, however these are a couple of those occasions (Fed, BoE, NFP..) that even if I get some signal I wouldn't follow it through.

Thanks for the advice about fundamentals, it stays. Though every rule has an exception..

TheWolf
  • #695,406
  • Oct 12, 2022 1:34pm Oct 12, 2022 1:34pm
Quoting tenkanzen
{quote} I watch Princess Bride..

Princess bride!???
You should be watching these top 10 movies instead:
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  • #695,407
  • Oct 12, 2022 1:35pm Oct 12, 2022 1:35pm
gu lower, soon high again? if above 1120?
  • #695,408
  • Oct 12, 2022 1:38pm Oct 12, 2022 1:38pm
Quoting VM.
{quote} Don't forget about PPI. It can be up before PPI - down on PPI - up on FOMC minutes - down on CPI ride.
Looks like I got 3/4 right. And if we push higher tomorrow before CPI, I will very likely go short (probably with stock indices rather than FX).
  • #695,409
  • Oct 12, 2022 1:38pm Oct 12, 2022 1:38pm
Quoting Jolita
{quote} Princess bride!??? You should be watching these top 10 movies instead: {image}
Thanks for the list.



The $26K sides that cure cancer from Wolfie is hilarious
More time in the market, does not mean you trade better!
  • #695,410
  • Oct 12, 2022 1:38pm Oct 12, 2022 1:38pm
Tenkanzen, great calls today on GJ, I did agreed with your latest sentiment, was close to enter, but missed as was late for work, but wow, 300 pips move!
  • #695,411
  • Oct 12, 2022 1:40pm Oct 12, 2022 1:40pm
Currently short gold and Gbpusd
  • #695,412
  • Oct 12, 2022 1:42pm Oct 12, 2022 1:42pm
Quoting WizardTrade
{quote} Change the Time frame and you will know what I am talking about.
Sorry Wiz,
don't get it....seeing no bf
  • #695,413
  • Oct 12, 2022 1:42pm Oct 12, 2022 1:42pm
Quoting Fardeen1209
{quote} I started laughing. Every day she asked me if there is anything important today before she looks for the house chores to give me when i already open a trade. That is my daily routine

I know, so funny.
People wonder how we know this staff. Cause we are always ahead and up to date. Amazing traders life.
  • #695,414
  • Oct 12, 2022 1:42pm Oct 12, 2022 1:42pm
Quoting WizardTrade
{quote} Change the Time frame and you will know what I am talking about.
on 4hr it could be seen as a bull flag
  • #695,415
  • Oct 12, 2022 1:43pm Oct 12, 2022 1:43pm
Short usdchf
  • #695,416
  • Oct 12, 2022 1:43pm Oct 12, 2022 1:43pm
Quoting Jolita
Tenkanzen, great calls today on GJ, I did agreed with your latest sentiment, was close to enter, but missed as was late for work, but wow, 300 pips move!
Thanks.
  • #695,417
  • Oct 12, 2022 1:44pm Oct 12, 2022 1:44pm
FOMC Minutes: Fed committed to raising interest rates.
Case for aggressive rate hikes more balanced now USD

No longer just a one-variable (inflation) reaction function.
NOV: 75 BPS HIKE
DEC: 50 BPS HIKE
SOURCE: FOMC Meeting Minutes
Not too bad; let see CPI tomorrow

Take Care
Pat
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #695,418
  • Oct 12, 2022 1:45pm Oct 12, 2022 1:45pm
POSTMASTER
  • #695,419
  • Oct 12, 2022 1:46pm Oct 12, 2022 1:46pm
Quoting LvMMT
{quote} Sl touched in positive...+9 added and one long + 21 added... {image} Gold +41 & +25 added {image} God bless everyone!
today...last one...
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God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #695,420
  • Oct 12, 2022 1:51pm Oct 12, 2022 1:51pm
See y'all guys, before frankfurt.
Summer is coming, the sunrise is becoming earlier so I no longer trade Asia, since in the morning I prioritize prayer and health- jogging.
GN
More time in the market, does not mean you trade better!
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