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Cable Update (GBPUSD)

  • #737,341
  • Mar 22, 2023 1:13pm Mar 22, 2023 1:13pm
Quoting Moty
{image} {image}
although maybe a drop not gonna happen especially if Powell says USA economy is fucked
Insane in the Brain..
  • #737,342
  • Mar 22, 2023 1:14pm Mar 22, 2023 1:14pm
Quoting BeeTogether
Money taken now maybe a short
Not saying it will not but do not be so sure as it sounds like your guessing
Follow The Markets Structure - Patience and Discipline
  • #737,343
  • Mar 22, 2023 1:16pm Mar 22, 2023 1:16pm
Quoting pipfarm
{quote} Not saying it will not but do not be so sure as it sounds like your guessing
well it’s the data speaking volumes.. on a normal month .25 would have dropped the pound especially as rumour was no rate rise. So we are in a unique place now.

took a long the issues with the banks and economy are going to play havoc will look for TP before CoB today
Insane in the Brain..
  • #737,344
  • Mar 22, 2023 1:19pm Mar 22, 2023 1:19pm
hahaha... manipulation... fuck... hahaha 😅
  • #737,345
  • Mar 22, 2023 1:21pm Mar 22, 2023 1:21pm
Quoting W0lfram
{quote} Sure. I wish I can learn quantum trading - same positions being closed and open at the same time
Plus your account has both a positive and negative balance at the same time.
To free Gazans of Hamas, use whatever it takes.
  • #737,346
  • Mar 22, 2023 1:21pm Mar 22, 2023 1:21pm
Quoting BeeTogether
{quote} well it’s the data speaking volumes.. on a normal month .25 would have dropped the pound especially as rumour was no rate rise. So we are in a unique place now.
.25 signals a slow down in rises for now as there are other implications to consider with the fall out from SVB collapse and the risk of contagion, so the last thing the fed will do is stress markets even more.

Just my 2 cents worth
Follow The Markets Structure - Patience and Discipline
  • #737,347
  • Mar 22, 2023 1:24pm Mar 22, 2023 1:24pm
Something big is in the making over the next weeks months, i see gbpusd up to 1.5 which we have not seen for a long time but must break the 2450 level to send it into a trend on weekly, seems to be heading that way at the moment
Follow The Markets Structure - Patience and Discipline
  • #737,348
  • Mar 22, 2023 1:24pm Mar 22, 2023 1:24pm
Quoting pipfarm
{quote} .25 signals a slow down in rises for now as there are other implications to consider with the fall out from SVB collapse and the risk of contagion, so the last thing the fed will do is stress markets even more. Just my 2 cents worth
good point… 12350 be a top end for today should we see a continuation of the uptrend. It’s all about the noise
Insane in the Brain..
  • #737,349
  • Mar 22, 2023 1:24pm Mar 22, 2023 1:24pm
Quoting BeeTogether
{quote} well it’s the data speaking volumes.. on a normal month .25 would have dropped the pound especially as rumour was no rate rise. So we are in a unique place now. took a long the issues with the banks and economy are going to play havoc will look for TP before CoB today
Didn't a fellow poster here say this pair has had bullish days last 5 rate hikes?
  • #737,350
  • Mar 22, 2023 1:25pm Mar 22, 2023 1:25pm
Quoting pipfarm
{quote} .25 signals a slow down in rises for now as there are other implications to consider with the fall out from SVB collapse and the risk of contagion, so the last thing the fed will do is stress markets even more. Just my 2 cents worth
nahhh... this is totally a manipulation going on... interest rate up.. and dollar fell?... this is bullshit😆😆
  • #737,351
  • Mar 22, 2023 1:28pm Mar 22, 2023 1:28pm
+25 bps it is. We'll hear from the man later on where Fed will bring us to.

Summary of economic projection put median for 2023 at 5.1%, range from 4.9 to 5.9, with a central tendency at 5.1 to 5.6%. In other words, one, may be two more rate hikes, and we're basically done for this business cycle.

FOMC statement: No mention of banking tensions. Only briefly on "recent development", and strong emphasis on "U.S. banking system is sound and resilient" Still, major emphasis was on inflation risk, inflation, and 2% target. So, I'll call that moderately hawkish.

I went in to close two of the three trades I opened earlier today, mentioned here. Screengrab below.

Take care and I'll see you tomorrow. We're off to Powell now, and I'll call it a day after that.
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  • #737,352
  • Mar 22, 2023 1:28pm Mar 22, 2023 1:28pm
Quoting Zairul
{quote} nahhh... this is totally a manipulation going on... interest rate up.. and dollar fell?... this is bullshit😆😆
Most news releases are already priced in and the only opposite effect happens when data is above or below expectations, fed rise matched expectations so no major surprises, BEARISH FOR THE DOLLAR.
Follow The Markets Structure - Patience and Discipline
  • #737,353
  • Mar 22, 2023 1:30pm Mar 22, 2023 1:30pm
Quoting Zairul
{quote} nahhh... this is totally a manipulation going on... interest rate up.. and dollar fell?... this is bullshit
It's not bs if the 25bps rate hike was expected. The fact that its a 25bps increase as opposed to 50bps could be considered a semi-dovish signal. Just my two cents

Edit: The recent banking issues are the main fundamental drivers at the moment.
Trying my best.
  • #737,354
  • Mar 22, 2023 1:36pm Mar 22, 2023 1:36pm
Quoting moondoggie
{quote} It's not bs if the 25bps rate hike was expected. The fact that its a 25bps increase as opposed to 50bps could be considered a semi-dovish signal. Just my two cents Edit: The recent banking issues are the main fundamental drivers at the moment.
U know what.. tomorrow u will see this chart is going down... and what u will tell bout it... ooo thats expected... hahaha.. its MANIPULATION BULLSHIT 😅
  • #737,355
  • Mar 22, 2023 1:38pm Mar 22, 2023 1:38pm
Quoting Zairul
{quote} U know what.. tomorrow u will see this chart is going down... and what u will tell bout it... ooo thats expected... hahaha.. its MANIPULATION BULLSHIT
Sounds you were on the wrong side, listen to Powell, expecting inflation to come down 3.3 and 2.5 and he just said that smaller raises might be needed, that sounds dovish to me.

He is bricking it because he knows any major increases in interest rates will collapse the banking system, so the only way for the dollar is down
Follow The Markets Structure - Patience and Discipline
  • #737,356
  • Mar 22, 2023 1:39pm Mar 22, 2023 1:39pm
Quoting KareemAliFx
This week , we pray for the eurusd, gold , btc and stock bulls {image}
I’m proud and happy with my analysis this week as I just finished a prop challenge in 5 days, verification next!
Attached Image (click to enlarge)
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Master your mind. Master Trading.
  • #737,357
  • Mar 22, 2023 1:39pm Mar 22, 2023 1:39pm
Quoting moondoggie
{quote} It's not bs if the 25bps rate hike was expected. The fact that its a 25bps increase as opposed to 50bps could be considered a semi-dovish signal. Just my two cents Edit: The recent banking issues are the main fundamental drivers at the moment.
if there is spike up and down... and its going down after that... thats normal... this.. this is BULLSHIT... something is going on in US..🧐
  • #737,358
  • Mar 22, 2023 1:42pm Mar 22, 2023 1:42pm
Change of stance , some policy changes may be needed but not sure DOVISH
Follow The Markets Structure - Patience and Discipline
  • #737,359
  • Mar 22, 2023 1:44pm Mar 22, 2023 1:44pm
Quoting pipfarm
Live Short trade on USDJPY @FOMC , lets see if it holds after the statement and press conference ( trade was placed some hours before Fomc) If it holds could be looking at a 500 pip trade over the next days {image}
Enjoying the ride

Attached Image (click to enlarge)
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Follow The Markets Structure - Patience and Discipline
  • #737,360
  • Mar 22, 2023 1:45pm Mar 22, 2023 1:45pm
Ok, time to load some FAT shorts 2330 till 2360? Lets see
People don't plan to lose. They lose because they don't plan.
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