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Cable Update (GBPUSD)

  • #721,081
  • Jan 15, 2023 9:12pm Jan 15, 2023 9:12pm
Quoting Yngwie
{quote} New destination 1.2265 {image}
Hit tp 80 pips ️
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #721,082
  • Jan 15, 2023 9:12pm Jan 15, 2023 9:12pm
Quoting Fardeen1209
{quote} Mate, mind i ask, what is the 'm' after btcusd? Saw many ppl have this in their brokerage account but not mine
It means mini or micro, ie. it isn't a full lot.
  • #721,083
  • Jan 15, 2023 9:12pm Jan 15, 2023 9:12pm
nothing wrong in buying between 2250 to 2260 for 2300.

London likely to sell.

Not before IMO.
Intraday only.
  • #721,084
  • Jan 15, 2023 9:15pm Jan 15, 2023 9:15pm
Quoting Fardeen1209
{quote} Mate, mind i ask, what is the 'm' after btcusd? Saw many ppl have this in their brokerage account but not mine
My broker is exness and the quotes are marked with m , k etc for different type of account.
  • #721,085
  • Jan 15, 2023 9:16pm Jan 15, 2023 9:16pm
Quoting navk
nothing wrong in buying between 2250 to 2260 for 2300. London likely to sell. Not before IMO.
London been trying to sell most of last week but a weak USD isn't helping.
  • #721,086
  • Jan 15, 2023 9:19pm Jan 15, 2023 9:19pm
Quoting Elknit
{quote} London been trying to sell most of last week but a weak USD isn't helping.
yes.
Intraday only.
  • #721,087
  • Jan 15, 2023 9:19pm Jan 15, 2023 9:19pm
Quoting Elknit
{quote} It means mini or micro, ie. it isn't a full lot.
Thanks mate
More time in the market, does not mean you trade better!
  • #721,088
  • Edited 9:57pm Jan 15, 2023 9:33pm | Edited 9:57pm
Things that money can't buy V secrets BC AC direct DC washington sh sh sh ways & means be quiet .com mission here here EMF
  • #721,089
  • Jan 15, 2023 10:33pm Jan 15, 2023 10:33pm
Quoting eyefeelsix
{quote} I didn't get too much profit that I wanted it but I'm survived, Waiting blue zone to take short again, why short? because long is too late for me. Have a great day & Weekend to all {image}
Order taken
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 24 KB

Have a great day friends
https://breakpullback.com
  • #721,090
  • Jan 15, 2023 10:35pm Jan 15, 2023 10:35pm
Posted the chart here, Decide on the long entry for 2300.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 20 KB
Intraday only.
  • #721,091
  • Jan 15, 2023 10:45pm Jan 15, 2023 10:45pm
Its all about INFLATON....

Not to be a broken record, but it’s all about inflation, how the Fed thinks about inflation (degree of resolve), and whether the market still thinks the Fed will chicken out when recession hits. We already have some warning bells in the form of the ISM PMI’s, both manufacturing and services below 50.
A big chunk of the market thinks the Fed chickens out. Bloomberg ran a story over the past weekend highlighting that hedge funds in particular are shorting dollars as a consequence. “Bets against the greenback swelled to 30,457 contracts last week, the most since August 2021, according to data from the Commodity Futures Trading Commission on eight currency pairs. Swap contracts show investors now expect the Fed funds effective rate to peak below 5%, down from 5.06% after data on Friday showed US wage growth cooled last month.”
Funny, more than one Fed has named 5% and maybe more as the terminal rate. In other words, these guys do not believe the Fed. “The dollar’s fortunes have wilted in recent months as funds from Jupiter Asset Management to JPMorgan Asset Management bet the Fed will rein in the pace of rate increases. Last year, the central bank’s aggressive hiking stance relative to other nations and haven flows helped fuel the dollar gauge to a record high. Others say the US will diverge from Europe on monetary policy, with the Fed peaking in Feb and the ECB still trucking along. “That could be starting to shift with traders betting the ECB will hike further than the Fed in 2023, with around 150 basis points and 60 basis points of additional tightening priced respectively, according to swaps linked to meeting dates. Bank strategists at Nomura International Plc and Morgan Stanley are recommending long euro positions against the dollar.” We remain confused on how the Fed can be seen doing 60 bp when the customary amounts are 25 bp or multiples of 25 bp. But then, swaps are priced by numbers guys, not economists.
But in any case, the market gives us one kind of signals and the Fed is giving another one. Some fixed income guys are even calling for the 10-year to drop to 2% this year and important bond guy Gundlach says we should pay attention to the market, not the Fed–and portfolios should swap the classic 60% stocks/40% bonds to 60% bonds.
There is terrible tension going on here. The CME FedWatch tool shows 80.2% of futures traders are betting the Fed raises rates by 25 bp at the next meeting on Feb 1. That means less than 20% see 50 bp. This is okay and pretty much what the Fed has been signaling. But looking further out, less than 20% see the rate higher than that Feb hike by the Dec 2023 meeting. This remains the central problem–Feds talking about 5% or more and the market talking about 4.75% as a cap/terminal rate. And again this boils down to the market believing with all its heart that inflation is coming under control, and quickly–an unrealistic forecast and neglecting to accept that the Fed wants 2%.
Despite the US almost certainly ending the year with higher 10-year rates than anyone else and inflation coming under control, perhaps it’s the process that counts more than the relative numbers. The US should beat the UK and Europe on yield and the pace of falling inflation, but before then, it has to give back the exorbitant gains from last year.

"Man's mind, once stretched by a new idea, never regains its original dimensions." — Oliver Wendell Holmes
Don't compare your Trades with Others
  • #721,092
  • Jan 15, 2023 11:00pm Jan 15, 2023 11:00pm
Quoting montygoldy
I think dxy over extending before retrace all… just a gut feeling … i may be weong.. opened one short looking for some dxy breather…
lol
  • #721,093
  • Jan 15, 2023 11:32pm Jan 15, 2023 11:32pm
Quoting ninner
{quote} lol
still room to go back to day open but will take tp around 102.050… shorts on cable with postive sl
Attached Image (click to enlarge)
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Extreme gut feeling trader
  • #721,094
  • Jan 15, 2023 11:37pm Jan 15, 2023 11:37pm
Quoting navk
Posted the chart here, Decide on the long entry for 2300. {image}
hey can you please tell me which indicator are you using for adr?
  • #721,095
  • Jan 15, 2023 11:43pm Jan 15, 2023 11:43pm
Its time For me Believe in Dollar a Little Bit..
Don't Over Sell the Dollar Just Yet..
don't forget What Powell said, if you dont remember Watch it again on Bloombeg.
and you will see my Point, why the i am Gtting Stubburn, because accordng to WElls Fargo top 10 analysts 25BP is not bad at all, 25BP hike 4 times a year will get FED to above 5% which was Promised, maybe that is why USD is free falling,
and check the Next post for more Detailed analysis.
i am not saying its the Data from Many Sources which is Saying it for me specially when you convert those numbers to Charts in R language,
its amazing what you find out when numbers converted into charts,

Sky is Not Falling Trust me...

Sold Pound 1.2270 target 1.2230 when hits 1.2190 and if that broke before tomorrow then 1.2000 will be hit very soon Forget the USD,
we are talking about Pound, this week is Big for Pound and Data is not Supporting that Forecast,
let see if i am Wrong am Holding sell from 1.2230 Because 50 pip move as just USD index testing the Lows, if that Huge Support Holds we may see a Nice Spike in USD before the weekend.
and to be honest FED to Hike the Rate ny 25BP is already priced in 80% according to CFTC report from Friday,

“An investment in knowledge pays the best interest.” — Benjamin Franklin
Don't compare your Trades with Others
  • #721,096
  • Jan 15, 2023 11:50pm Jan 15, 2023 11:50pm
Any thoughts about Bailey's upcoming speech?
  • #721,097
  • Jan 16, 2023 12:04am Jan 16, 2023 12:04am
Been short the pound will close shorts and go long at 1.22500
  • #721,098
  • Edited 1:52am Jan 16, 2023 12:05am | Edited 1:52am
UBS heart doing well SALSA diga-o com flores relações de poder
1am M&M .conversion in order to reduce the space occupied or bandwidth required btw not talking sh.................. wake up in europe sorry folks if the humor is to dark for jadeh jadeh jadeh
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 jan15 mm.png Size: 53 KB

don't shit your pants trade posistions... 2/8 reversal lvl valeria wait * see how are thins down south america sao paulo gigo vs the UK capricorn vs cancer gun issues usa is sick fast furious nuland f...k europe maiden BS gore del
  • #721,099
  • Jan 16, 2023 12:24am Jan 16, 2023 12:24am
Quoting maxi444
{quote} With your time to sleep, probably you will not be soon the best trader from Australia good night and sweet dreams !
I just try to be the best trader that I can be
I am neither brave nor stupid...I am just a part time trader
  • #721,100
  • Jan 16, 2023 12:26am Jan 16, 2023 12:26am
Hello friends

Here comes another session with Uncle Frankie and London, I will make some fresh coffee and find a nice place to hide in the long grass

Good luck to everyone
I am neither brave nor stupid...I am just a part time trader
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