Cable Update (GBPUSD) | Page 35894 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #717,861
  • Jan 4, 2023 9:05am Jan 4, 2023 9:05am
Quoting DubaiFX
{quote} READ It Carefully,

‘Will the Fed start to cut interest rates?”

“No. The market expects the Federal Funds rate to peak at 4.9 per cent in the first half of 2023 and then fall to 4.7 per cent in September and 4.4 per cent in December. But the great majority of members of the Open Market Committee believe the rate will end 2023 at 5 per cent, or more. This latter forecast will prove correct. As Fed chair Jay Powell warned in November, “History cautions strongly against prematurely loosening policy. We will stay the course until the job...
What MORE needs to be said?

DON'T FIGHT THE FED!

Attached Image (click to enlarge)
Click to Enlarge Name: mikedrop.png Size: 10 KB
...because you never know - until you do!
  • #717,862
  • Jan 4, 2023 9:06am Jan 4, 2023 9:06am
Quoting DubaiFX
Say Hello to Asian Markets... In Asia, China has fallen down the rabbit hole but we must beware making premature judgments because China can always surprise to the upside–and maybe the bottom is in, if January has the worst of the Covid outbreak and the economy comes roaring back after the lunar holiday (Jan 22 to Feb 6). And of course everyone now expects 2023 to be the year of the yen, going to 125 or maybe 110. Where does this leave the dollar? Probably falling some more, but stay tuned. $$$ Might Surprise You.. It was Not a Waste of Time,...
Lets See How FED Reacted in PAST..

QE changed a lot. Sticking to QE for so long was almost certainly a big, fat mistake. And it was a huge intervention in a free market that got exactly what intervention in free markets always gets–misallocation of resources. If the Fed had acted sooner to get out of QE, that would have required much better economic forecasting. And therein lies the problem. Shocks aside, like Lehman, the Fed seems to think it shouldn’t tact until it sees the whites of the eyes of the enemy, whichever it is (inflation or deflation). That’s because given lags and models the Fed knows are not reliable, the Fed waits too long. Critics always accusing the Fed of being behind the curve are right, but it’s not the insult it’s intended to be–it’s the natural state of affairs given the Fed is reactive, and needs to be sure it has the numbers right. If we wanted to insult the Fed, we’d have to change the charge to the Fed caring more about not being wrong (reputation) than about the outcome. Hence Powell’s not acting “prematurely.”
.
.
Should be attribute the stock market gains from 2009 onward to free and cheap money? Yeah, probably. But curiously, it doesn’t necessarily follow that rising rates and QT are what’s eating the S&P. That may well be individual investors alongside the Chicken Littles in the fund world who read the “R” word too often and get scared. The fact remains that over longish periods of time, like 10 and 20 years, stock market returns are always much higher than the return on bonds. That doesn’t mean we won’t get a recessionary dip in Q1, but it does mean you can’t blame the Fed for everything.
.
STAY TUNED for PART 3.....

You Can't Connect the Dots Looking Forward, You can Only Connect them Looking Backwards, So you Have to Trust that they will Somehow Connect in Your Future... ( Steve Jobs)
Don't compare your Trades with Others
  • #717,863
  • Jan 4, 2023 9:07am Jan 4, 2023 9:07am
My Longs were a bit messy at the end of the Day.
+$372 (1.8%)

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m5-traders-global-group-my-long-were-a-bit-messy-at-the.png Size: 44 KB

Next up FOMC...
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 17.5%
  • #717,864
  • Jan 4, 2023 9:10am Jan 4, 2023 9:10am
Quoting Pat Chiko
{quote} GU To : tooslow try this, can you enlarge it ?. {image}
Great live trading Pat putting the after that fact traders to shame...
Attached Image (click to enlarge)
Click to Enlarge Name: reaction pics ;))_ vincentvanth0t - YIKES SNAJSB.jpg Size: 48 KB
  • #717,865
  • Jan 4, 2023 9:11am Jan 4, 2023 9:11am
Quoting Wavegarrick
{quote} The above trade at 1.19595 turning out good Folks. Here's the thing. We are at a yearly pivotal point with my yearly pivot at 1.2055. A strong break up or down will determine direction for the first quarter of this year. Having said, liquidity is thin and will remain so until February 2023. Moves will be used to trap either buyers or sellers. I speak from experience as I have lost most of my trading accounts in this period in the past. Because of thin liquidity you could find wild spikes up or down with big pip values, and the notion of...
actually it is a GRID version?
  • #717,866
  • Jan 4, 2023 9:16am Jan 4, 2023 9:16am
well 280 Pages was a Long Read but i am Ponting out only what Matters Most now a Days...

Here is Part 3.

Should be attribute the stock market gains from 2009 onward to free and cheap money? Yeah, probably. But curiously, it doesn’t necessarily follow that rising rates and QT are what’s eating the S&P. That may well be individual investors alongside the Chicken Littles in the fund world who read the “R” word too often and get scared. The fact remains that over longish periods of time, like 10 and 20 years, stock market returns are always much higher than the return on bonds. That doesn’t mean we won’t get a recessionary dip in Q1, but it does mean you can’t blame the Fed for everything.
.
.
So far, if we believe the Atlanta Fed, recession is not on the menu. Yesterday the latest Q4 GDP estimate went up to 3.9% from 3.7% on December 23. Spending and investment improved, and trade was less of a drag. We get another one tomorrow. Granted, this is Q4, not Q1 and the Atlanta Fed’s model tends to overshoot, but still–not recession. The Blu Chip forecasters have only about 1% growth, but the same direction, if more feeble.
see the Chart Below
.
Stay Tuned for Part 4...

People Like to say Conflict is Between Good and Evil, The Real Conflict is Between Truth and Lies... (Don Megel Luis)
Attached Image (click to enlarge)
Click to Enlarge Name: r-638084372219552239.jpg Size: 18 KB
Don't compare your Trades with Others
  • #717,867
  • Jan 4, 2023 9:16am Jan 4, 2023 9:16am
Quoting tiborf71
{quote} actually it is a GRID version?
In SA, we call it BARCODE trades
  • #717,868
  • Jan 4, 2023 9:18am Jan 4, 2023 9:18am
Quoting Wavegarrick
{quote} The above trade at 1.19595 turning out good Folks. Here's the thing. We are at a yearly pivotal point with my yearly pivot at 1.2055. A strong break up or down will determine direction for the first quarter of this year. Having said, liquidity is thin and will remain so until February 2023. Moves will be used to trap either buyers or sellers. I speak from experience as I have lost most of my trading accounts in this period in the past. Because of thin liquidity you could find wild spikes up or down with big pip values, and the notion of...
My pivot yearly is 1.2015. I use only the High+Low/2. I not use price open and price close. The 50% is the High and Low

Attached Image (click to enlarge)
Click to Enlarge Name: palpite.png Size: 10 KB
Together we can be strongest
Vantage Return This Month: -97.0%
  • #717,869
  • Jan 4, 2023 9:20am Jan 4, 2023 9:20am
Quoting Pat Chiko
{quote} GU To : tooslow try this, can you enlarge it ?. {image}
GU

Closed all scalp position.
Break time.

Be back for another set up for FOMC MoM in few hours.

Take care and trade safe.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 166.jpg Size: 260 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #717,870
  • Jan 4, 2023 9:24am Jan 4, 2023 9:24am
Quoting Waveskierrob
{quote} Great live trading Pat putting the after that fact traders to shame... {image}
It is called transparent.

When I'm down, I show my trades. No adjusting to chart of price N3 or Exit.
I'm not hiding when I'm in negative position.

The opposite when Karen has overweight ego to protect..........
(over weight issue)
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #717,871
  • Jan 4, 2023 9:25am Jan 4, 2023 9:25am
Part 4 is Here,

First thing First,
USDX is it broke 103.40 it will open test of 103.00
and if it did close daily close Below 103.00 then i must say FED might have Hard time Ahead..

ok let's get back on Interesting Part about Simply FOREX...


The next Fed policy meeting is Feb 1, followed the next day by the ECB, with both expected to hike by 50 bp. We should probably assume that the inflation numbers will not distract the central banks too much because they need more months of data to be sure they can take their foot off the brake. Fear of recession is different in Europe than in the US. The Fed will have a hard time worrying out loud about recession if the Atlanta Fed is even remotely right about GDP. The ECB expects inflation to have been artificially lowered by energy subsidies, so can’t relent.
What all this means for FX is not yet clear. And it may not get clear anytime soon. It’s a confusing, contradictory set of conditions that points first in one direction, then another. We need to expect volatility and not all of it based on anything in particular. Pull in your horns Guys..
.
.
Sometimes you can't see yourself clearly until you see yourself through the eyes of others." —Ellen DeGeneres
Don't compare your Trades with Others
  • #717,872
  • Jan 4, 2023 9:27am Jan 4, 2023 9:27am
1.19971 remain a question mark.... Price was meant to do a simple retest of this level and continuing going up... Delay in testing this level means a reversal to the downside....
My telegram: https://t.me/avidforex
  • #717,873
  • Jan 4, 2023 9:30am Jan 4, 2023 9:30am
GU

Gimme one spike FOMC Mom.............
If anyone nedd to wee wee, please do it now before the news........
Attached Image (click to enlarge)
Click to Enlarge Name: gu 167.jpg Size: 147 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #717,874
  • Jan 4, 2023 9:30am Jan 4, 2023 9:30am
Quoting BigNumbers
1.19971 remain a question mark.... Price was meant to do a simple retest of this level and continuing going up... Delay in testing this level means a reversal to the downside....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2023-01-04_09-28-15.png Size: 27 KB
My telegram: https://t.me/avidforex
  • #717,875
  • Jan 4, 2023 9:32am Jan 4, 2023 9:32am
Quoting Pat Chiko
{quote} It is called transparent. When I'm down, I show my trades. No adjusting to chart of price N3 or Exit. I'm not hiding when I'm in negative position. The opposite when Karen has overweight ego to protect.......... (over weight issue)
So true, let's face it any monkey can post winning charts after they've happened...
  • #717,876
  • Jan 4, 2023 9:34am Jan 4, 2023 9:34am
Quoting Pat Chiko
GU Gimme one spike FOMC Mom............. If anyone nedd to wee wee, please do it now before the news........{image}
posting for fun or for competition?
MY OPINION NOT FINANCIAL ADVISE
  • #717,877
  • Jan 4, 2023 9:36am Jan 4, 2023 9:36am
...back @ desk updating charts / seeing what I missed. May be a bit of a rising wedge developing on 1hr? That last pullback saw support develop in the 4hr part of the prev 1hr/4hr sw hi zone that on 4hr extends down to 1995, (starts @ 2057,) around the 2 x fibs shown on chart below. Challenging prev 1hr sw hi zone that extends to current dly hi as I type this.

U.s Fomc minutes to come later.

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 31 KB
Trader with an Edge.
  • #717,878
  • Jan 4, 2023 9:40am Jan 4, 2023 9:40am
Quoting DubaiFX
Happy New Year Guys, here are Some Facts about Pound, and USD also. Over the holiday, the IMF’s managing director said “that a third of the global economy and half of the EU would be hit by recession this year,” according to the FT. And the UK will be the worst among the many, due in part of incompetent management. “The UK will face one of the worst recessions and weakest recoveries in the G7 in the coming year, as households pay a heavy price for the government’s policy failings, Unknown economists say..
We Must First Understand How Forex Actually Works..
Recession VS Inflation it is a debate for another day, soon i will post that too.. till then,
lets analyze How Forex is Just an Effect..

Why not include recession, or the consequences of recession like earnings slumps? Because recessions come and recessions go. So does inflation. It comes and it goes, sometimes with very little cause-and-effect evident from policy efforts. As for digital currencies like the yuan, this is not the same thing as crypto. It’s only the application of technology to the elderly and sclerotic status quo, and the technology is not all that new, anyway. It’s about efficiency, and not even close to being on a par with the cotton gin, the railroad or the combustion engine.
Why not mention FX? Because FX is the pinnacle of high finance reflecting all these factors, and it’s also the grubbiest of profit-seeking ventures. Ethics don’t come into it, except in the control of infrastructure and conduct by regulators. FX is the grease in the wheels, not the wheels. Is it not asymmetrical to name oil and gas prices but not FX? No, because oil prices are a cause of a long chain of things, while FX is the effect.
.
.
Great minds discuss ideas; average minds discuss events; small minds discuss people.
Don't compare your Trades with Others
  • #717,879
  • Jan 4, 2023 9:41am Jan 4, 2023 9:41am
I think not will cross it today.

Attached Image (click to enlarge)
Click to Enlarge Name: palpite.png Size: 17 KB
Together we can be strongest
Vantage Return This Month: -97.0%
  • #717,880
  • Jan 4, 2023 9:41am Jan 4, 2023 9:41am
Quoting Waveskierrob
{quote} So true, let's face it any monkey can post winning charts after they've happened...
I saw many had adjust trade position and hiding some of the losses.
Hind sight still the best chart to post after the fact.
Just like a repainting indicator, adjusting and curve fittings nature.

In short how would they know this in advance, in hind sight it is obvious, but I do not see how they would have deduced this would occur at that time.
We can see they claim their charts work mainly due to HIND SIGHT.
Sure as chartist can go correct on their chart today, (by hind sight ) but not tommorrow.?

I personally use real time and live trades only. Win or looose is how one managed his account.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
158 traders viewing now