Cable Update (GBPUSD)

12250 or 12150?

bad call… u will have lose.

Im in, TP 12230
SL, 12180

IMHO too early to take longs ,very risky, could push further down into the range of the previous swing

buy the dip after the fake news dump

1. Last fake news dump on March 15 -> https://www.cnbc.com/2023/03/15/fina...he-sector.html



2. Latest fake news dump on March 24 -> https://www.cnbc.com/2023/03/24/deut...nce-costs.html

bought from 1.222, stop under 1.218, target 1.238+

Dam missing 1 pips
Edited: Closed 3 pips below TP, 12227 and 12226

Two and a half hours after the long entry, I finally broke the downward fractal. I moved SL to BE, so I'll leave it alone and go to sleep.
Good night.

Switching to sell at the bottom of m30, may the base became the roof
No SL to TP yet

UJ just use my money to grab LIQ

i will get it back someday

Crazy dumping going on….

although being a Friday we can expect crazy moves both up and down

gbpusd
below R = short

i don't think it is crazy like schizophrenia because the market just ran out of anxiety medication

the problem should solve itself out by the end of the afternoon once the pharmacies provide the medication, that is why I bought the dip

Failed Sell, price move up, but let me see and hold for an hour, break Up To 1.2250 will close and called it a week . Move below 1.2200 will hold

Alright. Had a busy morning as the development over Deutsche Bank had triggered renewed interests on the yen. One accredited investor was contemplating whether to increase exposure in US treasury, or to partially swap their holdings to JPY.

With Deutsche CDS increased again this week, now at 220 bps, this saw its share dipped by over 10% this morning. It might continue to weigh on European stocks and bonds. I'm expecting Euro, Sterling and Swiss franc to trade lower in coming days. That would in turn, strengthen the flight to safety narrative, which will likely benefit USD and yen.

Now, back to my trade I shared with you guys here. You knew I've been long yen for quite a while now. I've closed out all my yen long positions, except four short trades on GBPJPY. I might close them if it dips lower next week. For now, I'm flat on EURJPY and USDJPY. So, the floating P/L came down to -$129.

On to Cable, I still have my 21 short positions open. All but five are in profit. Floating P/L now stood at +465.

No new trades for me. I'll only be closing trades from now on, through end of the month.

Next week, I'll wrap up my Q1 and join my family for spring break. Until then, take care and stay well. I'll see you after Easter.

Fake PMI news? Ahh just short for fun 1.2230 SL 1.2235

12210 barrier broken now resisting at 12230 another leg up to 12350 before 12280?

Probably, fryday entering again. We may be bullied like yesterday, or even worse 😅

yup we’ve had a 100 pip spread for the day and it landing half way in the middle

gbpusd update
only price above 1.2230 can make me thinking about buy

its struggling today. Been ranging quite between 12220-12230. Above 12230 12250 looks do able and maybe even touch 12260 but it needs to get above the first hurdle