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Cable Update (GBPUSD)

  • #703,561
  • Nov 3, 2022 3:58pm Nov 3, 2022 3:58pm
Ok , i am not stubborn
Switched to short
At Aussie offcourse
Because once again i lost all my profit and my eqvity is too low to buy short gu
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yes yes yes
  • #703,562
  • Nov 3, 2022 3:59pm Nov 3, 2022 3:59pm
Quoting Lekkim
Nobody is talking about the unhealthy inverted yield curve. How insane is it, that 1 year is higher than 30 year. Fuel for bears. Also only inverted yield curve happened three times in newer times. In 2001, 2007 and now again in 2022. Check out chart of all US interest rates below gentlemen. With 1 year at 4,77%, that's is crazy, imo {image}
Its being controlled
Even the vix is not rising anymore

Wait for job report tomorrow and CPI next week, we'll see if inflation gives a relief or not
COT: The precious data ignored
  • #703,563
  • Nov 3, 2022 4:04pm Nov 3, 2022 4:04pm
Quoting kuroro001
{quote} Its being controlled Even the vix is not rising anymore Wait for job report tomorrow and CPI next week, we'll see if inflation gives a relief or not
Yes It's absolutely being tried to control. That's why I'm bearish, since I believe the issue with inflation and interest rate they are going to have a very hard time to manage and keep down. For me job report is fine enough, however what data don't tell us, is that inflation hits middle and lower class a lot. In most instances more than real income and consumers are taking out loan after loan to get by. I would like to know how anyone thinks inflation will get under control useless they issue new money and keep it down and fueling the huge debt bubble. Have a good evening/or morning in asia. In regard to gbpusd, I'm not sure, Since the dollar normally rise in bearish markets but gbp is neutral. I would rather short sell gbp/jpy and gbp/chf. Best wishes
  • #703,564
  • Nov 3, 2022 4:10pm Nov 3, 2022 4:10pm
should've taken profit...
"No trade is still a trade." - Peter Borish
  • #703,565
  • Nov 3, 2022 4:18pm Nov 3, 2022 4:18pm
I have 'gambled' all my income this month on a market crash with high leverage. Wish my luck lol. So far up 125% since FED meeting. I have 300% margin more and will put it rest in GBP/USD shorts. Let's goo. Money printer will go brr, can't be stopped, inflation is only beginning. Prepare fellas.
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  • #703,566
  • Nov 3, 2022 4:30pm Nov 3, 2022 4:30pm
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yes yes yes
  • #703,567
  • Nov 3, 2022 4:31pm Nov 3, 2022 4:31pm
Guys I was only long GU after some faulty cumulative volume delta indicator. Fact is, that is markets will crash GU will also. However, gbp already been hit much. But remember that first step of a full blown currency crash, people worldwide will go for the us dollar even though the country is bankrupt. However even more bearish currencies are risk off chf and jpy. You can't get the interest rate swap buy going long AND also get rate increase. Therefore the higher interest rate, the more to fall on a crash. Just my 5 cents, cheers I'm leveraging 1:300 now on my GU shorts, we'll see how it goes. Ps i know it hurts to hear about it going even lower, I just switched my point much more fundemental.
  • #703,568
  • Nov 3, 2022 4:47pm Nov 3, 2022 4:47pm
This chart shows interest rate of all 8 major currencies. If rates you up gbpusd will go down and up if rates fall. Follow the debt market, just an advice
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  • #703,569
  • Nov 3, 2022 4:53pm Nov 3, 2022 4:53pm
Quoting Moty
Ok , i am not stubborn Switched to short At Aussie offcourse Because once again i lost all my profit and my eqvity is too low to buy short gu {image}
Lol
  • #703,570
  • Nov 3, 2022 4:56pm Nov 3, 2022 4:56pm
This is exactly what happened to me and will happen to you if you try to buy the dip on Cable (USD/USD) haha watch it
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  • #703,571
  • Nov 3, 2022 5:02pm Nov 3, 2022 5:02pm
I'm shorting GBPJPY because... Price created reversal support that did not hold...
I am anticipating that the current support level will break...
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My telegram: https://t.me/avidforex
  • #703,572
  • Nov 3, 2022 5:11pm Nov 3, 2022 5:11pm
Me when I haven't received a single like this evening, haha can you guys at least appreciate the sweet rate graphs
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  • #703,573
  • Nov 3, 2022 5:12pm Nov 3, 2022 5:12pm
Asia buying the cheap pound . Carry on buying British business and property . I would and am to
  • #703,574
  • Nov 3, 2022 5:15pm Nov 3, 2022 5:15pm
Quoting elbert3
Asia buying the cheap pound . Carry on buying British business and property . I would and am to
British prime minister situation and I think they will be 'punished' on the forex market because of brexit. Also if you see previous chart, their interest rate is in the high end already. 3,73% at this moment, real estate be careful
  • #703,575
  • Nov 3, 2022 5:15pm Nov 3, 2022 5:15pm
Quoting kuroro001
{quote} Its being controlled Even the vix is not rising anymore Wait for job report tomorrow and CPI next week, we'll see if inflation gives a relief or not
Just a big game on a board . We well have yet another thing happen that will shock the world
  • #703,576
  • Nov 3, 2022 5:17pm Nov 3, 2022 5:17pm
Short Follow Up
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  • #703,577
  • Nov 3, 2022 5:18pm Nov 3, 2022 5:18pm
Now, 70% of traders are net long.
Under 1.11500... this was the last S at 1.116-7. Game over, tommorow.. Seems that way..
  • #703,578
  • Nov 3, 2022 5:21pm Nov 3, 2022 5:21pm
So, now the dumping begin, maybe DAMP IT
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  • #703,579
  • Nov 3, 2022 5:59pm Nov 3, 2022 5:59pm
The Asia session will give us direction but we are ready for USDCAD...
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My telegram: https://t.me/avidforex
  • #703,580
  • Nov 3, 2022 6:01pm Nov 3, 2022 6:01pm
Quoting TheWolf
{quote} Honestly, my Daily Chart has confirmed Short actually a few days ago and it seems to be that despite Powell's uber hawkishess yesterday, USD lost momentum? Honestly, something's going on.. too quiet on that side of the market.. 5M is my dirty little secret! Pssst!
Lol, yes, @Whale is laughing with joy at us
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