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Is it just me or is cable acting random? 44 replies

Cable Update (GBP/USD) without Idiots 22 replies

Why is GBPUSD called cable? 66 replies

Cable (GBPUSD) vs Euro (EURUSD) 26 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Quoting BrainBucks
Is it even possible to make a living off of the Asian session?? Geeezzz
1. What standard of living do you dream of?
2. how much do you invest in one position to squeeze the ‘make a living’ amount that you want out of the Asian session?

There’s a lot more questions about this subject that you need to ask yourself before you asking the public forum.

you can also ask ChatGPT
Insolvent
Quoting BrainBucks
Is it even possible to make a living off of the Asian session?? Geeezzz
if the trading style is "scalping" , money can be made in all sessions.
otherwise, Asian session (most of the time) is in slowest and lowest range of the day.

here is a session(8H) direction and range on M15 to compare sessions.

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to me (not scalper), it's not worth trading. I wait for range breakout within LO.

cheers,
"the public is not yet ready for it" W.D. GANN
Quoting DubaiFX
{quote} Nice, Remember, “Beware the fury of a patient man.” —John Dryden Resistance is now at 1.2350-60 if we get there today i will short again.
its time to Short the Pound for me atleast,
Sold 1.2330 was good enough retracement for me,
first Target 1.2280, will close half and let the Rest Run for 1.2210
of course of something changes i will close but that is the Plan,


" Plan your Trade then Trade Your plan"--Me..

Few Reasons, why i am not Buying POUND..

The Confederation of British Industry's order book balance slumped by 11 points from a month earlier to -17 in January 2023, the weakest since February 2021 and worse than market expectations of -8, according to the CBI’s latest Industrial Trends Survey. The latest reading also suggested total order books remained below normal levels for a sixth consecutive month, with the share of firms reporting that orders or sales would constrain output hitting its highest since April 2021. The export orders sub-index declined by another three points to -22, the lowest since February 2021, while the gauge of manufacturing output during the three months to January was little-changed. On the price front, manufacturers' price expectations for the next three months weakened to the lowest since September 2021 (+41 vs +52 in December), as global supply chain pressures, labor shortages and energy costs eased. source: Confederation of British Industry
.

Central bank meetings—the Fed, BoE and ECB. This is like a trifecta in horse racing and you have to be brainy to calculate odds.
So far today the better flash PMI readings in the eurozone are driving the euro up against the GBP and Swiss franc (but not the yen), helping build the ongoing opinion that the ECB will do only 25 bp next week, whatever the hawks and chief Lagarde say. This is like the futures and swaps markets in the US betting the Fed will have stopped hiking and will be cutting by next fall. Even the marginal PMI gain in the UK has driven some analysts to say out loud that maybe the BoE does 25 bp instead of 50 bp, too.
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“Rivers know this: there is no hurry. We shall get there some day.” —A.A. Milne
The best way to predict your future is to create it.
US Economy

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Cam Levels
https://www.livecharts.co.uk/Members...rex_pivots.php
Relax, focus and trade what you see. Copyright
Quoting Houtbay
Currently long usdjpy and cable. Currently trend of cable remains down.
How can you long Usdjpy and Gbpusd when they are oppositely correlating?
It goes without saying that taking the other side of Cable trade looks pretty lucrative at the moment.

Trades repositioning is likely to go on into, and possibly during FOMC. Bailey may ask, anyone agree to a 25bps hike? I expect more than three to vote against next week. Reading Cable sentiment medium to long term, is all about reading between the lines, on how many increasingly dissenting votes during each meeting. BOE might not need to cut rates. Any shocks on gilts should be sufficient to send Sterling tumbling.

If short term rebalancing moves go through, say renewed interests from dealers and funds buying dollar, then I'm not surprised to see Dixie climbing back up to 103-104 level. Again, FOMC trigger. That might be short-lived though, unless Powell undo the hawks.

Market is calm and quiet at this moment. What I refrain from doing, is to try to "extract" volatility from some not so volatile pair. Doing so, unwisely, a secret recipe for disaster. That would probably be more unpleasant than riding through these unpleasant hours.

Yes, I'm still short on Cable. Status on my 20-odd short trades: P/L at -$677.
Few UK Economics, to Consider before you make any Decision,
it will be anyone's Guess what the Hell BOE, ECB or even FED will do or Might Say,
but Fundamentals Don't lie.
Now let's Review them as we go...
here are Few Charts to make it Simple from trading economics,
as saying Goes “If history were taught in the form of stories, it would never be forgotten.”— Rudyard Kipling
.
a Chart is Worth Thousand Words..
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The best way to predict your future is to create it.
Quoting cchin
Trades repositioning is likely to go on into, and possibly during FOMC. Bailey may ask, anyone agree to a 25bps hike? I expect more than three to vote against next week. Reading Cable sentiment medium to long term, is all about reading between the lines, on how many increasingly dissenting votes during each meeting. BOE might not need to cut rates. Any shocks on gilts should be sufficient to send Sterling tumbling. If short term rebalancing moves go through, say renewed interests from dealers and funds...
Well Said cchin..
a True Fundamentalist.
Hats Off..


“Neither a wise man nor a brave man lies down on the tracks of history to wait for the train of the future to run over him.”
— Dwight D. Eisenhower
The best way to predict your future is to create it.
I don't expect good data. But bears need to close below 1.2270. Magically, this was yesterday's low.
Quoting Georginson
{quote} Exited at 1.2330... took just 4 pips... Today's close is very important... Wherever price first goes by Frankfurt, the opposite is where it will end tomorrow. Guys be very careful, we may see either 1.2200 or 1.2525 tomorrow, I don't want to predict. Capital preservation is key for me.
Been waiting 2 weeks for this
AI´s price locking.
AUDJPY went short 92.75
AI´s price locking.
Lets see USD INDEX,

Hmm Not bad, Support Still holds at 101.10 lows of May 2022..
Waiting Patiently for Friday..


“The foolish man seeks happiness in the distance; the wise grows it under his feet.” — James Oppenheim
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The best way to predict your future is to create it.
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Relax, focus and trade what you see. Copyright
Quoting Robinhood1
AUDJPY went short 92.75
Target 89.00
AI´s price locking.
Hello friends, I hope you all had a good NY session while I was sleeping or working

It looks like there is nothing for me to trade right now, so I will go and make a pot of coffee and then wait in the long grass to see if anything comes along for me to pounce on
I am neither brave nor stupid...I am just a part time trader
Back from vacation... I'm long now
If it was easy... Everyone would do it!
Aujpy target 92.300
I went short at 2320. TP 2270. I kind of believe price might track back up to break the highs hence my wanting to bank at 2270. Price is not agreeing with EURUSD and that's because there are too many sellers of there (63%). I find it difficult to trade these two pairs when there is such discrepancy.

EU is now above it's daily pivot while this pair is below. Let's watch and see. I won't hesitate to pull the plug on my GU short trade.

Edit: out at 2314. Roughly +6. I am not feeling the rhythm.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Quoting BigNumbers
Back from vacation... I'm long now
EXIT!
If it was easy... Everyone would do it!
crooky mf
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