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Cable Update (GBPUSD)

  • #702,961
  • Nov 2, 2022 4:53pm Nov 2, 2022 4:53pm
1.17 then a big drop
  • #702,962
  • Edited 5:31pm Nov 2, 2022 4:56pm | Edited 5:31pm
What I'm understand from press conference, there is high possibility the rate is more than 5%....

Fed priority are inflation at 2% and unemployment at 3%

Since now unemployment at their target, fed have room to raise rates further.. for me, pivot can be happen only the unemployment more than 4%..
Peace Yo!
  • #702,963
  • Nov 2, 2022 5:24pm Nov 2, 2022 5:24pm
I know a lot of people will try to catch the bottom... don't do that. Of course, you may be lucky to catch a retrace at the right time, but the odds are against you.

Fed press conference today is the game changer, and what's worse, comes at a time when markets started to buy risk assets (and sell dollars) believing that we reached the bottom.
  • #702,964
  • Nov 2, 2022 6:06pm Nov 2, 2022 6:06pm
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BP , E. 5' --- Very close to taking our mythical prfts.....Don't fall asleep . . .

  • #702,965
  • Nov 2, 2022 6:11pm Nov 2, 2022 6:11pm
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BP , E. 5' --- BANG ... Now, out of shorts. and going to bed . It s 1:10 for me here

  • #702,966
  • Nov 2, 2022 6:56pm Nov 2, 2022 6:56pm
Quoting Pat Chiko
{quote} Thanks Wolf I copy you. GU Long Scalp{image}

GU - Super Thursday


An important of the event for the quarterly monetary policy statement that makes it the “Super Thursday”.
Is The “Old Lady” going to do 75 bps rate hike or 50 bps move. ?

As the fears of the UK’s recession, the BOE is less likely to impress the GBP/USD by announcing the 75 bps rate hike.
If BoE announce an unexpected 50 bps rate lift-off, it would be an outright dovish outcome.
Governor Andrew Bailey’s press conference by will be also eagerly awaited.

Economists believe that the UK economy is in recession.
UK is having tough times with inflation control amid recession worries.

A super-sized rate hike could sink the the economy into deeper recession.
Thus, BoE may want to stick with its cautious approach and go for a 50 bps increase.

Chart BO of TL going for RT
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #702,967
  • Edited 11:29pm Nov 2, 2022 7:04pm | Edited 11:29pm
Forgot to set pending ytd.
but set at us30 , catch a nice move.
looking for 15m to short again

edit: that below not major low at 4h.
major low was around 1.09xx
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PA Return Today: 0.3%
  • #702,968
  • Nov 2, 2022 7:17pm Nov 2, 2022 7:17pm
Quoting Pat Chiko
{quote} GU - Super Thursday for The “Old Lady” {image}


UK inflation forecast.

Note : This chart is Copy and Paste from BoE Twitter.
So Mr ICT Hindsight don't get jealous to my copy and paste skill.
Attached Image (click to enlarge)
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It shows below target cpi at forecast a big risk of deflation.
This says cut rates so why are they raising them?

Raising rates increases prospects of deflation…
BoE interest rate increases are designed to make it “painful” for businesses and consumers so that they are steered to keep their increases in spend and salaries low.
Attached Image (click to enlarge)
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Looks like a pump and dump…
Even more like a rug pull.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #702,969
  • Nov 2, 2022 7:20pm Nov 2, 2022 7:20pm
Quoting dempire1
{quote} No hindsight. Man knew before it happend. He’s really from the future
As I live in Multiverse, in my time they called it "LUCK"....
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #702,970
  • Nov 2, 2022 7:26pm Nov 2, 2022 7:26pm
Quoting mrluckystar
{quote} Thank you masta Pat chiko for show me QML setup on m30... 170 pip in 3hrs.... Taking EU too at R.. {image} {image}
GU buy limit triggered.. looking for retrace only...
Remaining 1 sell entry...
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Peace Yo!
  • #702,971
  • Nov 2, 2022 8:05pm Nov 2, 2022 8:05pm
taken long GU at 1.1394
Intraday only.
  • #702,972
  • Edited 8:34pm Nov 2, 2022 8:21pm | Edited 8:34pm
Every time price break structure it follow a big retrace...

Example as below... After making HH straight LL what come next are retrace at least 50%.

Update: added sell limit for GU
Attached Image(s) (click to enlarge)
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Peace Yo!
  • #702,973
  • Nov 2, 2022 8:30pm Nov 2, 2022 8:30pm
Quoting Fardeen1209
Damn the real money is made on GOLD. The Move is crazy. If GOD will, I'll soon join the party XAUUSD, Hope i dont get my hand burn tho
Hi Fardeen. on subject of

GOLD

Agree with you, it is interesting to trade it.
Also, it is the place to get perfect timing for your N3, if not the drawdown (on pullback ) can hurt your account.

Trading gold need high degree of concentration and will drain your energy as the spike can range between 40 to 80 pips.
If one is skillful, it can catch the timing of pullback, this is a very profitable trade.

Example below in comparison to football analogy ( yesterday post)
The Final score is impassive, but live trade is far from smooth sailing.
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #702,974
  • Nov 2, 2022 8:36pm Nov 2, 2022 8:36pm
GU long
TP 1.14514
My telegram: https://t.me/avidforex
  • #702,975
  • Nov 2, 2022 8:38pm Nov 2, 2022 8:38pm
Quoting BigNumbers
GU long TP 1.14514

Done with my research
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My telegram: https://t.me/avidforex
  • #702,976
  • Edited 10:02pm Nov 2, 2022 8:41pm | Edited 10:02pm
Long trades Closed quick.

Let it come down a bit... to take long.

My aim is to take long on every dip until London open
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Intraday only.
  • #702,977
  • Nov 2, 2022 8:46pm Nov 2, 2022 8:46pm
After the rain it's fun strolling
  • #702,978
  • Nov 2, 2022 8:48pm Nov 2, 2022 8:48pm
Quoting Georginson
{quote} Bought 1.1400, target 1.1450...
Manually exited at 1.1420... +20 pips.
Data + Stat + Risk/Emotions Management
  • #702,979
  • Nov 2, 2022 8:51pm Nov 2, 2022 8:51pm
The twist of the euphoria.

Accuracy of the forecast shouldn't be always in the counting,
euphoria at first then comes the real-thing.
  • #702,980
  • Nov 2, 2022 8:51pm Nov 2, 2022 8:51pm
Quoting Georginson
{quote} Manually exited at 1.1420... +20 pips.
I have seen over the years.... taking a trade late NY works sometime....

But taking trade after 9 pm EST definitely works.

In GU
Intraday only.
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