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Cable Update (GBPUSD)

  • #714,321
  • Dec 14, 2022 9:04am Dec 14, 2022 9:04am
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  • #714,322
  • Dec 14, 2022 9:08am Dec 14, 2022 9:08am
Quoting Georginson
{quote} Alright, I will oblige you... Here is a quick poll before fomc... This News is not expected to provide more Volatility than Yesterday's CPI except if the Fed goes with 0.75 rate hike as against 0.50 that is forecasted. I'm expecting between 120 - 200 pips movement during and after fomc Tonight... Which of these prices will happen 1.2500 or 1.2200 today? Poll ends 19:00 UK time...
1.25 then 1.22 maybe, Don't trust me btw
https://breakpullback.com
  • #714,323
  • Dec 14, 2022 9:10am Dec 14, 2022 9:10am
Quoting tradexyz
USDX trend hr is up now{image}
Don't see that.
  • #714,324
  • Dec 14, 2022 9:12am Dec 14, 2022 9:12am
Quoting Georginson
{quote} Alright, I will oblige you... Here is a quick poll before fomc... This News is not expected to provide more Volatility than Yesterday's CPI except if the Fed goes with 0.75 rate hike as against 0.50 that is forecasted. I'm expecting between 120 - 200 pips movement during and after fomc Tonight... Which of these prices will happen 1.2500 or 1.2200 today? Poll ends 19:00 UK time...
0.50 BP rate increase and Dovish Federal is already priced in. What will move the market is:

  1. Either rate increase is 0.75 BPs
  2. Terminal Rate is increased or Decreased.

In Presser, Dovish stance is expected because Jobs data is weakening and CPI is also reversed from its peak in two consecutive months (though mainly due to Oil Prices).

I expect volatility but in neither direction, means price will fluctuate up and down and keep in range of upto 50-80 Pips.

This is my analyses, may be wrong. (Based on my observation on fundamentals for more than 10 Months mainly.)

Regards,
Kashif

  • #714,325
  • Dec 14, 2022 9:13am Dec 14, 2022 9:13am
Quoting Georginson
{quote} Alright, I will oblige you... Here is a quick poll before fomc... This News is not expected to provide more Volatility than Yesterday's CPI except if the Fed goes with 0.75 rate hike as against 0.50 that is forecasted. I'm expecting between 120 - 200 pips movement during and after fomc Tonight... Which of these prices will happen 1.2500 or 1.2200 today? Poll ends 19:00 UK time...
If i would be the market maker i will take it down first then up
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"Exchange of hands"
  • #714,326
  • Dec 14, 2022 9:16am Dec 14, 2022 9:16am
Quoting dantpm
{quote} Where do you see the top right now?
Today I'm aiming for R1 1.2449, that is before FOMC. HOwever I will close my all longs at SL around 1.2369.

I'll wait for FOMC at 1900hrs GMT ,I'm expecting price down to 1.2290, then I'll buy with Low lot sizes, then hopefully, like an elastic band it will woosh up to 1.2500.

Disclaimer: (This is not based on any hardcore fundamental analysis, I actually think lower USA inflation means Rate will be 0.5%, as expected by the markets)

My Longs Right now 0.9lots all together.

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All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 17.5%
  • #714,327
  • Dec 14, 2022 9:19am Dec 14, 2022 9:19am
Quoting bilal1947
{quote} If i would be the market maker i will take it down first then up {image}
if so your TP must in the white zone right
https://breakpullback.com
  • #714,328
  • Dec 14, 2022 9:20am Dec 14, 2022 9:20am
Quoting bilal1947
{quote} one more push up to 1.2400 {image}
1.2400 Tapped
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"Exchange of hands"
  • #714,329
  • Dec 14, 2022 9:23am Dec 14, 2022 9:23am
Quoting ToSatisfy
{quote} Its a tricky one. I dont want a very long Bull candle this time Outlook is Bullish. Will be checking one last hour before news to flip or not Lets see further
Yes my longs seem to be working out, but this might be a range, until news.

I really think my bullish targets will come during FOMC (not now)

Want to see h1 candle close above ATR dotted line on this chart 1.2393:

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All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 17.5%
  • #714,330
  • Dec 14, 2022 9:23am Dec 14, 2022 9:23am
Quoting eyefeelsix
{quote} if so your TP must in the white zone right
yes 1.2405 and i will look for short, i think.

longs closed
"Exchange of hands"
  • #714,331
  • Dec 14, 2022 9:25am Dec 14, 2022 9:25am
Quoting bilal1947
{quote} yes 1.2405 and i will look for short, i think. longs closed
GL
https://breakpullback.com
  • #714,332
  • Dec 14, 2022 9:26am Dec 14, 2022 9:26am
1.2455 - 1.2530 is the RESISTANCE ZONE. Any move in this level and above is likely to be a short lived one. Market could make a fake move to get the SELLERS SL and start to descend. On the other hand, If we see a move below 1.2343, then you can say goodbye to the bulls and start calling for 1.20.
  • #714,333
  • Dec 14, 2022 9:28am Dec 14, 2022 9:28am
Quoting FulMargnAlch
It's okay not to trade and wait for your setup, no need to rush. BE if your afraid, stick to SL if you're already dead inside. {image}
Trust your set-up. No clear trade on asia, frankfurt, london, but here we are. Set BE and sleep.
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The market hides a perfect geometry.
  • #714,334
  • Dec 14, 2022 9:28am Dec 14, 2022 9:28am
yesterday i stupidity switched to short
today i am staying with long
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yes yes yes
  • #714,335
  • Dec 14, 2022 9:32am Dec 14, 2022 9:32am
Quoting Moty
yesterday i stupidity switched to short today i am staying with long {image}
if market will go down? it will be a stupidity to stay long?
  • #714,336
  • Dec 14, 2022 9:32am Dec 14, 2022 9:32am
Quoting FulMargnAlch
{quote} Trust your set-up. No clear trade on asia, frankfurt, london, but here we are. Set BE and sleep.{image}
TPed. Waiting for FOMC. Take a nap.
The market hides a perfect geometry.
  • #714,337
  • Dec 14, 2022 9:37am Dec 14, 2022 9:37am
Quoting Moty
yesterday i stupidity switched to short today i am staying with long {image}
There is a time for everything!
Right now the MM's are working hard to separate you from your money!
  • #714,338
  • Dec 14, 2022 9:37am Dec 14, 2022 9:37am
short TP 15
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  • #714,339
  • Dec 14, 2022 9:38am Dec 14, 2022 9:38am
Quoting BigNumbers
{image}

Price is breaking out but I want to believe it’s a false breakout
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  • #714,340
  • Dec 14, 2022 9:40am Dec 14, 2022 9:40am
Will look to add to my old short trades if it hits 12500 area from FOMC. My thinking a spike up then down.
Insane in the Brain..
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