Cable Update (GBPUSD)

No, how are your long trades doing? Have you banked your profits?

Closed 17+ pips

One more sell limit

Squeeze crooky mf

Weekly showing highs to 12448

closed +7 pips done for the day

Watching paint dry time for next 2.5 hours

If the Rate Hike for GBP is done. What will be the impact will GBPUSD price improve or declines ?

if we will cross 1.2328 we go up

depends on the finer detail… how many members voted for an increase , it’s there any indication of a pause in rises anytime soon. Is the economy strong enough to handle the rise etc.

Us mere mortals do not know, read the chart and follow, this is the way

Whatever happens in between the long road is up for GBPUSD

The Fed is going to allow the dollar to depreciate in one way or another QE /QT whatever they call it now

Listen, there are two worlds colliding on this site and others like it. The first is where people are learning and or "social trading". The second is of people who do and or have been trading to earn a living. Both worlds have different challenges and requirements. And both create different attitudes towards many parts of the activity of trading etc. I come from and live in the second world. There's no room for childish BS, no bragging or gloating, it just IS. So for me, my day doesn't end until I have completed all jobs on my list. And the final task is to tally the day and make sure I'm A) Ahead of the previous week and B) Reached my secondary daily total. Understand? I don't mess around with stuff that is great in social situations but is useless in other real world scenarios eg. turning a loss into a profit. I'm sorry if that sounds arrogant or whatever you kids are calling it these days but that is real life. So perfect as you all call it, has no place in real trading. You either give up or press on til your job is done. There's no ridiculousness eg anger / fear of missing out / frustration trading etc. You DO what you need to do. So if I get an order placement wrong I resolve it then do better. If drawdown gets out of hand, I have a profit strategy schematic for that too. See where I'm going here? You people are clearly messed up thinking that everyone just BS'es around all day online talking shit and doing nothing. I think many of you have the completely wrong idea how trading works. THAT is what I'm saying, that is all. What I see is people following others who cannot move along WITH your market, instead you tussle with it. Sorry but I've doing this a long time and these things are very obvious to me.

Peter

Please refer to my earlier response to someone's post OK.

Peter

Small positions opened, will add more shorts when comes up, Im ready and steady💪🍀

My understanding.
The market currently expects the BOE to raise rates by 25 basis points, following the Fed's lead, and the odds are that it won't happen by accident. Current inflation is still too high.
In terms of trend, I think the UK raising rates will make GU rise. Of course, this is just staying in theory.

my view by trendlines
cca 1.2310 to overcome, and nothing stops us from going lower

trading is reactive, not predictive...
but in case of GBP USD we might have one/two more kicks up to reach daily resistance. and then we wait or to break resistance or turning bearish.

For the conspiracy fans out there:
Today is March 23 of the year 2023 and the price is hovering around 1.23

Hmmmmm

Closed shorts ..there is still room to go down.. i believe dxy aiming to cover the gap….