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Cable Update (GBPUSD)

  • #731,241
  • Feb 22, 2023 2:18pm Feb 22, 2023 2:18pm
Expected rates.

As per the Fed Watch Tool, the market no longer expects a rate freeze until July, and the first pivot to come in December rather than November
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I come from the future.
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  • #731,242
  • Feb 22, 2023 2:19pm Feb 22, 2023 2:19pm
Quoting ninner
{quote} Thanks mate, this is why I consistantly make money in the fx markets!!!
You are the best trader here, what's your secret, please tell...
  • #731,243
  • Feb 22, 2023 2:20pm Feb 22, 2023 2:20pm
Quoting Mitiblotch
{quote} I am thinking slightly above. Let's see where they close tonight, as that will help gauge things.
I'll put the money in the pocket, and i can do scalps above the top.
Together we can be strongest
Vantage Return This Month: -97.0%
  • #731,244
  • Feb 22, 2023 2:21pm Feb 22, 2023 2:21pm
Quoting Pat Chiko
Expected rates. As per the Fed Watch Tool, the market no longer expects a rate freeze until July, and the first pivot to come in December rather than November{image}
great info pat! Thank you
Master your mind. Master Trading.
  • #731,245
  • Feb 22, 2023 2:23pm Feb 22, 2023 2:23pm
all out !!!
managed to close the day with a smaller lose
still in profitable week
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yes yes yes
  • #731,246
  • Feb 22, 2023 2:31pm Feb 22, 2023 2:31pm
$GBPUSD bearish
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WaBaS Where are Buyers and Sellers
  • #731,247
  • Feb 22, 2023 2:31pm Feb 22, 2023 2:31pm
Quoting KareemAliFx
Looks bearish shorts were layered earlier
Deep in it now I’m looking to tp at 1.05000 area (EURUSD)
Master your mind. Master Trading.
  • #731,248
  • Feb 22, 2023 2:33pm Feb 22, 2023 2:33pm
Quoting Pat Chiko
Expected rates. As per the Fed Watch Tool, the market no longer expects a rate freeze until July, and the first pivot to come in December rather than November{image}
Good Info but I dont see the fed cutting rates at all this year ...just my view!!! Not sure if they will holding at all either ....Inflation is still too high!!
  • #731,249
  • Feb 22, 2023 2:45pm Feb 22, 2023 2:45pm
Quoting ninner
{quote} Good Info but I dont see the fed cutting rates at all this year ...just my view!!! Not sure if they will holding at all either ....Inflation is still too high!!
I would agree were it not for an incoming election...
The March call is where I had us going as well. I have been long into March based on this, giving the Market time to "recover" before the election.
Don't compare your trades to others. Most often the masses are the asses
  • #731,250
  • Feb 22, 2023 2:56pm Feb 22, 2023 2:56pm
Next important info is the PCE on Friday. In case I will have my positions closed hopefully before then . It could show signs of inflation easing but still the feds made it clear that the labour market is strong and we saw that ourselves with Jan’s report which absolutely threw my analysis off. Now things are much clearer for a eurusd down trend. So for now, I short every major resistance . The idea of even clicking the buy button makes me wanna puke! SELL
Master your mind. Master Trading.
  • #731,251
  • Feb 22, 2023 3:21pm Feb 22, 2023 3:21pm
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  • #731,252
  • Feb 22, 2023 3:25pm Feb 22, 2023 3:25pm
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  • #731,253
  • Feb 22, 2023 3:29pm Feb 22, 2023 3:29pm
Quoting KareemAliFx
Next important info is the PCE on Friday. In case I will have my positions closed hopefully before then . It could show signs of inflation easing but still the feds made it clear that the labour market is strong and we saw that ourselves with Jan’s report which absolutely threw my analysis off. Now things are much clearer for a eurusd down trend. So for now, I short every major resistance . The idea of even clicking the buy button makes me wanna puke! SELL
Some big banks have buy orders just below 1.0600 on. EU. I wonder if they are lying.
  • #731,254
  • Feb 22, 2023 3:37pm Feb 22, 2023 3:37pm
Quoting Mitiblotch
{quote} Some big banks have buy orders just below 1.0600 on. EU. I wonder if they are lying.
the banks LIE, I can not stress this enough when I say do your OWN research. It really applies here. They want you to sell USD because they need to enter the market somehow. If I wanted to buy something, let’s say I’m Hungry and I desperately wanted a burger, well I need someone to sell me a burger. I’m a buyer looking for a seller . So this same principle applies in a market, as the market is simply supply and demand.

“watch what they do, not what they say”

fuck the banks
Master your mind. Master Trading.
  • #731,255
  • Feb 22, 2023 4:04pm Feb 22, 2023 4:04pm
Early morning here, 6 AM.

Last 2 hrs I traded in NY session.
+ LO + Asia.

I have no reason to be un happy with the result.

Bias ?

No bias...lots of short trades and long trades. Beautiful choppy day provided desired result.

Some open trades still all buy trades.
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Intraday only.
  • #731,256
  • Feb 22, 2023 4:14pm Feb 22, 2023 4:14pm
I’m putting short orders at 1.06226 (eurusd) area for tonight’s Asian session.
Master your mind. Master Trading.
  • #731,257
  • Feb 22, 2023 4:25pm Feb 22, 2023 4:25pm
1.20300 is the 50 % retracement
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yes yes yes
  • #731,258
  • Feb 22, 2023 4:41pm Feb 22, 2023 4:41pm
Quoting KareemAliFx
Next important info is the PCE on Friday. In case I will have my positions closed hopefully before then . It could show signs of inflation easing but still the feds made it clear that the labour market is strong and we saw that ourselves with Jan’s report which absolutely threw my analysis off. Now things are much clearer for a eurusd down trend. So for now, I short every major resistance . The idea of even clicking the buy button makes me wanna puke! SELL
dont forget the fed have a 2 to 3 percent inflation rate....not even close yet and you are right they are worried about wage inflation and with a strong job market...showing no signs of slowing down.
  • #731,259
  • Feb 22, 2023 4:55pm Feb 22, 2023 4:55pm
Quoting ninner
{quote} dont forget the fed have a 2 to 3 percent inflation rate....not even close yet and you are right they are worried about wage inflation and with a strong job market...showing no signs of slowing down.
Thats what they’re saying anyway. This is my own opinion, but I think 2% inflation is unreachable now. I think the new norm will be higher like 3% . Could be wrong but as always the feds are always changing their minds quickly so we must read every economic report that releases . Read it well and judge for yourself.
Master your mind. Master Trading.
  • #731,260
  • Feb 22, 2023 5:15pm Feb 22, 2023 5:15pm
Quoting Moty
1.20300 is the 50 % retracement {image}
For while we have a consolidation. Only the movement ABC.

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