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Cable Update (GBPUSD)

  • #732,981
  • Mar 1, 2023 9:12am Mar 1, 2023 9:12am
Profit taken at 65 there was a bit of slippage but that was my target 100 pips job done
Follow The Markets Structure - Patience and Discipline
  • #732,982
  • Mar 1, 2023 9:14am Mar 1, 2023 9:14am
Scalping long for a correction to pay for McDonald’s tonight
Insane in the Brain..
  • #732,983
  • Mar 1, 2023 9:14am Mar 1, 2023 9:14am
buy - 1.1973
Together we can be strongest
Vantage Return This Month: na
  • #732,984
  • Mar 1, 2023 9:15am Mar 1, 2023 9:15am
Quoting Waveskierrob
{quote} Closed all SHORTS 1.1975 over 500 nice ones ...
Seem you're enjoying the hammer time dance............

Where's your shirt ?
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #732,985
  • Mar 1, 2023 9:15am Mar 1, 2023 9:15am
Quoting pipfarm
4H we have a break of structure, H1 already retested , take short entry from M15 @2066 target +100 pips Same with eurjpy 4H bos,H1 retest complete , entry short from M15 @144.67 target +100
+100 GU and -10 eurjpy
Follow The Markets Structure - Patience and Discipline
  • #732,986
  • Mar 1, 2023 9:16am Mar 1, 2023 9:16am
Quoting tradexyz
{quote}{image}
Attached Image (click to enlarge)
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  • #732,987
  • Mar 1, 2023 9:21am Mar 1, 2023 9:21am
Quoting BeeTogether
Scalping long for a correction to pay for McDonald’s tonight
target around 1.2050
Together we can be strongest
Vantage Return This Month: na
  • #732,988
  • Mar 1, 2023 9:24am Mar 1, 2023 9:24am
1.228 this is fucking manipulation.

Im waiting till there.
  • #732,989
  • Mar 1, 2023 9:26am Mar 1, 2023 9:26am
Quoting Whale
1.228 this is fucking manipulation. Im waiting till there.
I’d be happy to see 121 again like a long lost forex brother
Insane in the Brain..
  • #732,990
  • Mar 1, 2023 9:27am Mar 1, 2023 9:27am
Quoting Georginson
Sold 1.2080... target 1.2000 Second sell limit at 1.2130...
Target met... +80 pips..
Data + Stat + Risk/Emotions Management
  • #732,991
  • Mar 1, 2023 9:29am Mar 1, 2023 9:29am
Attached Image (click to enlarge)
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  • #732,992
  • Mar 1, 2023 9:33am Mar 1, 2023 9:33am
I see most of the traders here are tping here, for me still i see 1.1890ish today or early asian session tomorrow
  • #732,993
  • Mar 1, 2023 9:33am Mar 1, 2023 9:33am
Quoting Whale
1.228 this is fucking manipulation. Im waiting till there.
ain’t happening you hold onto huge pip losses
  • #732,994
  • Mar 1, 2023 9:33am Mar 1, 2023 9:33am
Quoting Wavegarrick
{quote} I took a knock on one of my UJ trades with my 50 pip s/loss hit. I did not expect this move as Uj usually moves in the opposite direction of Gu, and it didn't. Let's see if we can get this show on the road with my weekly pivot at 135.634 as target. Cheers. {image}
My weekly pivot at 135.634 was reached today. I am not giving up on bears just yet. Sell trade entered at 136.190. I could be wrong of course.
Trade safe,
Cheers.
Attached Image (click to enlarge)
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Trade to trade another day
  • #732,995
  • Mar 1, 2023 9:34am Mar 1, 2023 9:34am
Quoting Waveskierrob
{quote} Closed all SHORTS 1.1975 over 500 nice ones ...
Hey Waveskie...

what are you waititng for ?
All trades done.
Anything more to wait after dust has settle at the end of the day ?.

Anything bigger than the news coming ?.
Why you're still here.?
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #732,996
  • Mar 1, 2023 9:35am Mar 1, 2023 9:35am
Quoting Pat Chiko
{quote} Hey Waveskie... what are you waititng for ? All trades done. Anything more to wait after dust has settle at the end of the day ?. Anything bigger than the news coming ?. Why you're still here.?
beer money
Insane in the Brain..
  • #732,997
  • Mar 1, 2023 9:37am Mar 1, 2023 9:37am
Back. I was with my family for an early spring retreat last week.

On Cable. Yes, I'm still short on this pair with my 30-plus positions. Floating P/L now at +$2.48k. I also have my USDJPY shorts. I'll update on those later.

First. ISM manufacturing data for Feb. Headline came in lower than expected, 47.7 vs 48, but still above Jan reading. Attention now shifted to new orders, and ISM prices, both overwhelmingly exceeded consensus. Higher prices heightened inflationary pressure, thus expectation for higher-for-longer rates now increased as well.

Second. Fed funds. This week, we saw market now raised their bets for peak rate to 5.75%, i.e. expecting 25 bps hikes each in Mar, May, Jun and Sep '23. My view remains, we'll likely see 5.75% earlier, in July.

Third. BOE. Bailey gave a speech this morning, contemplating on the need to raise rates further to avert 1970s style inflation scenes. My view is that BOE would likely pause well before Fed. Market doesn't seem convience for BOE to go above 4.5%. We'll see. Short to medium terms, there're still plenty of fiscal and geopolitical development, largely unfavourable toward Sterling.

Moving into FOMC in three weeks time, I foresee major trade repositioning happening. There'll be volatility, probably good enough for me to do the same. USD will strengthen, likely going into FOMC, and gain momentum after that, on a moderately hawkish Fed. However, we know that Fed's reaching the end of rate hike, this business cycle. Thus, there'll be another round of repricing between Mar and May '23.
  • #732,998
  • Mar 1, 2023 9:38am Mar 1, 2023 9:38am
Quoting BeeTogether
{quote} I’d be happy to see 121 again like a long lost forex brother
something wrong with dxy comparing to the rest.. so i will wait for GU meet his target and dxy back to support.
  • #732,999
  • Mar 1, 2023 9:39am Mar 1, 2023 9:39am
Quoting Pat Chiko
{quote} Hey Waveskie... what are you waititng for ? All trades done. Anything more to wait after dust has settle at the end of the day ?. Anything bigger than the news coming ?. Why you're still here.?
I need direction, anybody ...
  • #733,000
  • Mar 1, 2023 9:40am Mar 1, 2023 9:40am
Quoting Wavegarrick
{quote} My weekly pivot at 135.634 was reached today. I am not giving up on bears just yet. Sell trade entered at 136.190. I could be wrong of course. Trade safe, Cheers. {image}
Good luck! I also added UJ sell. Also trying GU longs
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