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Cable Update (GBPUSD)

  • #744,901
  • May 10, 2023 7:31am May 10, 2023 7:31am
Rocket fuelled up
Insane in the Brain..
  • #744,902
  • May 10, 2023 7:32am May 10, 2023 7:32am
You shell not pass1.26661
yes yes yes
  • #744,903
  • May 10, 2023 7:32am May 10, 2023 7:32am
Quoting Moty
My tp is 1.25600-800 Sl above last 15m cNdle 1.26170 {image}

126 not looking to break anytime soon mate. My TP would be near yours too
Insane in the Brain..
  • #744,904
  • May 10, 2023 7:33am May 10, 2023 7:33am
Quoting Mitiblotch
{quote} I also believe long is what it is for now. The interest rate for Pound is tomorrow. Also your last sentence I think you meant 2640?
Can we please go hit 1.27 and get it over with already?!
  • #744,905
  • May 10, 2023 7:34am May 10, 2023 7:34am
On the right side of a news spike
  • #744,906
  • May 10, 2023 7:35am May 10, 2023 7:35am
Quoting pipfarm
GU interest rate today(correction tomorrow), lets see if we can get this right H1 3 swings down is the internal structure of the correction on 4H H1 tried to break up into a trend taking out the last lower high from the prior downswing but failed to close above H4 assumed correction came back to the old R now S ,,H4 shows the internal structure of the D1 uptrend D1 is in an uptrend i would take a shot at longs especially since the current H4 correction came back to the old H4 high which acted as support and failed to close through, we might see...
Nice, that H4 correction taken out after the break of 2640 , the push down was going for liquidity at the obvious place for stops below 2640
Follow The Markets Structure - Patience and Discipline
  • #744,907
  • May 10, 2023 7:37am May 10, 2023 7:37am
Quoting Fardeen1209
{quote} I have some shorts running, but i have the feeling i'm gonna be stopped out. More rate hike could trigger a USD dump . Either way, waiting for the number then going to watch GHOSTED
As per the feeling, stopped out, no more US rate hike, BOE 25bps hike tomorrow, ig that is already priced in.
Will look for long setup
More time in the market, does not mean you trade better!
  • #744,908
  • May 10, 2023 7:41am May 10, 2023 7:41am
Last time when price tried to break 1.26661
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Current time
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yes yes yes
  • #744,909
  • May 10, 2023 7:43am May 10, 2023 7:43am
Quoting Fardeen1209
{quote} As per the feeling, stopped out, no more US rate hike, BOE 25bps hike tomorrow, ig that is already priced in. Will look for long setup
With the Congressional deadlock right now and the risk of recession, the chances of a US rate increase are virtually 0.

It's about the other side of the equation and you pointed out a rate increase essentially to match the US that is probably already priced in. The trick is guessing how the market will react.
  • #744,910
  • May 10, 2023 7:44am May 10, 2023 7:44am
Quoting dantpm
{quote} With the Congressional deadlock right now and the risk of recession, the chances of a US rate increase are virtually 0. It's about the other side of the equation and you pointed out a rate increase essentially to match the US that is probably already priced in. The trick is guessing how the market will react.

yup that’s the million $ question.. however the reaction could be more from the detail of the rise and votes for rise/decrease
Insane in the Brain..
  • #744,911
  • May 10, 2023 7:45am May 10, 2023 7:45am
I'll say it everyday, buy in may and go away
I play the trade gamble to feed my Porsche addiction.
  • #744,912
  • May 10, 2023 7:47am May 10, 2023 7:47am
Quoting Mitiblotch
{quote} Can we please go hit 1.27 and get it over with already?!

Good job buddy, looks like we are two of the few that got it right
Based on the fact this is a 4H continuation expect a pretty good pay out but look for signs of weakness, no one really knows where the top will be , i can guess or use some indicators but that is about it.
Follow The Markets Structure - Patience and Discipline
  • #744,913
  • May 10, 2023 7:49am May 10, 2023 7:49am
Quoting dantpm
{quote} With the Congressional deadlock right now and the risk of recession, the chances of a US rate increase are virtually 0. It's about the other side of the equation and you pointed out a rate increase essentially to match the US that is probably already priced in. The trick is guessing how the market will react.
The next fomc outcome was depend on this cpi data. But no more US hike, which puts pressure on the US dollar.
More time in the market, does not mean you trade better!
  • #744,914
  • May 10, 2023 7:50am May 10, 2023 7:50am
Well...That's all of yesterdays gains gone
  • #744,915
  • May 10, 2023 7:52am May 10, 2023 7:52am
Quoting MrFanciful
Well...That's all of yesterdays gains gone

mine is now last 2 weeks worth. However it will correct
Insane in the Brain..
  • #744,916
  • May 10, 2023 7:54am May 10, 2023 7:54am
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1 Buy Loss. -1%

1 Buy Win +3% , I really did not want to take this trade, but it was in my rules, so i took it set SL and TP, and left the house and did some grocery shopping.

Came Back just in time 4 the news.
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 18.9%
  • #744,917
  • May 10, 2023 7:54am May 10, 2023 7:54am
Quoting BeeTogether
{quote} mine is now last 2 weeks worth. However it will correct
4hr BOS,
BOE rate will surely on the correction phase, then long again
More time in the market, does not mean you trade better!
  • #744,918
  • May 10, 2023 7:55am May 10, 2023 7:55am
Quoting Fardeen1209
{quote} Agree but not all the time, i guess the both direction spike is wholly based on how much the actual figure deviates from the consensus and market priced in
Of course not all the time. Some news release don't even make a wiggle in the price, let alone spiking.

I don't think that there is any correlation between the the magnitude of the spike and deviation from consensus.
To free Gazans of Hamas, use whatever it takes.
  • #744,919
  • May 10, 2023 7:55am May 10, 2023 7:55am
Anyone know how we get the BOE watch from CME?
Does it comes with the premium plan or something?
More time in the market, does not mean you trade better!
  • #744,920
  • May 10, 2023 7:56am May 10, 2023 7:56am
lucky i am not join short side this time...
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