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Cable Update (GBP/USD) without Idiots 24 replies

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

So readying for action, this not before time then, may 2261+- to 2173 +_ play first!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
Quoting BeeTogether
Heads I go long tails I don’t… long it is….
Me thinks you have a two headed coin...🤔😁
Gold and eur is marching on!
Master your mind. Master Trading.
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

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Follow The Markets Structure - Patience and Discipline
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Quoting pipfarm
weekly is up Daily is up 4H is up Last 4H correction before the upswing was a D1 inside bar , for the moment i will only go long from H1 corrections (h4, LL,LH bars), there is room to get to 2400 and higher
This worked out well too
Follow The Markets Structure - Patience and Discipline
Money taken now maybe a short
Insane in the Brain..
Quoting Moty
{image} {image}
although maybe a drop not gonna happen especially if Powell says USA economy is fucked
Insane in the Brain..
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
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..
hahaha... manipulation... fuck... hahaha 😅
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.
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
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
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..
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?
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😆😆
+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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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
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.
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