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Cable Update (GBPUSD)

  • #743,861
  • May 3, 2023 6:54am May 3, 2023 6:54am
Quoting ScalaFX
{quote} protected
closed +15 I dont like the structure
People don't plan to lose. They lose because they don't plan.
  • #743,862
  • May 3, 2023 6:56am May 3, 2023 6:56am
very slow movement until now today.

Both are funded accounts, and am happy.
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Intraday only.
  • #743,863
  • May 3, 2023 6:58am May 3, 2023 6:58am
Quoting eyefeelsix
{quote} still in play {image}
the battle in the liquidity zone lol
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https://breakpullback.com
  • #743,864
  • May 3, 2023 7:08am May 3, 2023 7:08am
An interesting spike up and then boom drop market playing silly buggers
Insane in the Brain..
  • #743,865
  • May 3, 2023 7:09am May 3, 2023 7:09am
Quoting navk
very slow movement until now today. Both are funded accounts, and am happy. {image} {image}
As you should be
  • #743,866
  • May 3, 2023 7:10am May 3, 2023 7:10am
5mins until supposed chaos erupts today.
For the love of my money, I'm taking the sidelines!
  • #743,867
  • May 3, 2023 7:17am May 3, 2023 7:17am
Quoting BrainBucks
5mins until supposed chaos erupts today. For the love of my money, I'm taking the sidelines!
it’s erupted
Insane in the Brain..
  • #743,868
  • May 3, 2023 7:22am May 3, 2023 7:22am
The real chaos starts at 2pm
  • #743,869
  • May 3, 2023 7:24am May 3, 2023 7:24am
We might see the dollar catch a bid at this support.
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  • #743,870
  • May 3, 2023 7:41am May 3, 2023 7:41am
Let's see if the ISM Services PMI in one hour supports the ADP datas from before. Than the rate hike of 0.25 is 99% secure and not only that: It could at least mean we see another rate hike of 0.25 percent next time. What do you think?
  • #743,871
  • May 3, 2023 7:47am May 3, 2023 7:47am
In no way, shape or form do I understand this price action right now.
Funny things is if I were long, the drop would have had no remorse.
  • #743,872
  • May 3, 2023 7:50am May 3, 2023 7:50am
Quoting JackintheBox
Let's see if the ISM Services PMI in one hour supports the ADP datas from before. Than the rate hike of 0.25 is 99% secure and not only that: It could at least mean we see another rate hike of 0.25 percent next time. What do you think?
I dont think so.
#1 CPI is at 5.0% and If Fed hike today, we will be at 5.25%. We dont not need an Interest rate > CPI Rate to tame the CPI Rate.
#2 Rate hike today met Dec 2022 FOMC Members Peak projection of 5.2% at May 2023 FOMC meeting.
More likely we are getting a Peak.
More time in the market, does not mean you trade better!
  • #743,873
  • May 3, 2023 7:51am May 3, 2023 7:51am
Quoting BrainBucks
In no way, shape or form do I understand this price action right now.
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  • #743,874
  • May 3, 2023 7:54am May 3, 2023 7:54am
done for today..stay away from fomc..will return tommorow at asian..
wish you all get luck guys
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  • #743,875
  • May 3, 2023 7:57am May 3, 2023 7:57am
Quoting josi
{quote} {image}

The market has its own mind, with long observations you get to its mind.
  • #743,876
  • May 3, 2023 7:59am May 3, 2023 7:59am
Quoting voeltoez
done for today..stay away from fomc..will return tommorow at asian.. wish you all get luck guys {image}
brother, your battery is running out lol
https://breakpullback.com
  • #743,877
  • May 3, 2023 8:00am May 3, 2023 8:00am
Quoting Fardeen1209
{quote} I dont think so. #1 CPI is at 5.0% and If Fed hike today, we will be at 5.25%. We dont not need an Interest rate > CPI Rate to tame the CPI Rate. #2 Rate hike today met Dec 2022 FOMC Members Peak projection of 5.2% at May 2023 FOMC meeting. More likely we are getting a Peak.
The FED has been saying that it can drive inflation down to 2% with higher interest rates. When inflation results from economic growth or economic stimulation, raising rates moves resources from growth etc to take the pressure off inflation. In this case, the inflation is the result of increasing the money supply. The FED hasn't done anything to reduce the money supply. So raising rates in this environment hurts the economy. It's pretty simple. Job creation is down, and unemployment is up.
As long as the current useless twits are in charge of the FED and no one is telling them to stop the rate increases, we are looking at at least the same rates and definitely not cuts. I believe you will get your 25 bp today.
  • #743,878
  • May 3, 2023 8:09am May 3, 2023 8:09am
Quoting dantpm
{quote} The FED has been saying that it can drive inflation down to 2% with higher interest rates. When inflation results from economic growth or economic stimulation, raising rates moves resources from growth etc to take the pressure off inflation. In this case, the inflation is the result of increasing the money supply. The FED hasn't done anything to reduce the money supply. So raising rates in this environment hurts the economy. It's pretty simple. Job creation is down, and unemployment is up. As long as the current useless twits are...
Thats the problem with central bank policies. First it is lagged and second it comes with something we called the Multiplier Effect, before the CB's objective is achieved, they already went too far with their policies and by the time their policies comes in full effect, something break, because they went too far with their policies.
More time in the market, does not mean you trade better!
  • #743,879
  • May 3, 2023 8:31am May 3, 2023 8:31am
Quoting eyefeelsix
{quote} brother, your battery is running out lol
its signal for stop and close metatrader lol
  • #743,880
  • May 3, 2023 9:03am May 3, 2023 9:03am
I’SM services up a little than expected. 12550 not on cards before FOMC it seems
Insane in the Brain..
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