Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#751,701
Jun 14, 2023 10:56am Jun 14, 2023 10:56am

dantpm
Joined Aug 2022 | Status: Trader | 4,859 Posts

Quoting BeeTogether

Disliked

{quote} all the data shows it’s going to pause .. however if they suggest that rates may rise if there is an upward movement in inflation then I’d be looking at a drop. Else this is looking 128-130 by end of the week

Ignored

To address FED expectations, what data is there that suggests prices rising on controllable items? Even imported fuel is coming down in price! This FED has two mandates, combat inflation and deal with employment. Right now both of these are moving the way that the FED 'wants'. Hell CME even has a 95% probability of no increase this time around! Still doesn't answer the question of what the market will do!

#751,702
Jun 14, 2023 10:56am Jun 14, 2023 10:56am

Whale
Joined Jun 2013 | Status: Trader | 14,578 Posts

Insane drop so far!!
when it will fucking end???

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#751,703
Jun 14, 2023 10:58am Jun 14, 2023 10:58am

dantpm
Joined Aug 2022 | Status: Trader | 4,859 Posts

Quoting Fardeen1209

Disliked

{quote} Does the red diamond makes a person different or a better person?

Ignored

Probably a more significant question, does the red diamond tell you anything about the credentials, success, integrity and so on of the poster?

#751,704
Jun 14, 2023 10:59am Jun 14, 2023 10:59am

eyefeelsix
Joined Aug 2021 | Status: Trader | 2,517 Posts

Quoting eyefeelsix

Disliked

{quote} yay! money come to daddy profit taking buy and sell limit on top @1.2675 {image}

Ignored

low risk sell add 2nd short

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https://breakpullback.com

#751,705
Jun 14, 2023 10:59am Jun 14, 2023 10:59am

ForexGoose
Joined Dec 2021 | Status: hungry for pizza & burgers | 2,542 Posts

Quoting navk

Disliked

{quote} Personal account..trading is too dangerous. The retail traders seldom set stop loss. For people like me... even if i do not protect, the firms protect the account, they set strict risk management, That is the advantage of trading with firms.

Ignored

some of those firms are obvious scams though

https://saegreceivership.com/

Welcome to the website established by the Court appointed Receiver Kelly Crawford. Mr. Crawford was appointed the Receiver by the United States District Court for the Southern District of Texas, Houston Division (the “Receivership Court”) in a lawsuit brought by the Commodity Futures Trading Commission against Defendants Marcus Todd Brisco, Yas Castellum LLC, Tim Quoc Tran, Francisco Story, Fredirick Safranko, a/k/a Ted Safranko, SAEG Capital General Management LP, and Michael Shannon Sims, in Case No. H-23-336. The purpose of this website is to provide information regarding the receivership to persons or entities who did business with the Defendants.

Inserted Video

don't believe in mumbo jumbo from gurus & charlatans, don't pay them money

#751,706
Jun 14, 2023 10:59am Jun 14, 2023 10:59am

Orangeapple
| Joined May 2023 | Status: Trader | 89 Posts

Quoting dantpm

Disliked

{quote} Probably a more significant question, does the red diamond tell you anything about the credentials, success, integrity and so on of the poster?

Ignored

Means they aren't a bot at least...I think

#751,707
Jun 14, 2023 11:03am Jun 14, 2023 11:03am

Fardeen1209
Temporarily Suspended | Joined Jul 2021 | 3,677 Posts

Quoting Orangeapple

Disliked

{quote} Means they aren't a bot at least...I think

Ignored

We have bot account in FF too?

More time in the market, does not mean you trade better!

#751,708
Jun 14, 2023 11:04am Jun 14, 2023 11:04am

FxSnapper
| Membership Revoked | Joined Apr 2023 | 175 Posts

Quoting Ferna

Disliked

{quote} well im expecting/preparing for the same. However you have fierce competition in this thread: {image}

Ignored

Ninner?

He ducked out of a trading contest in another thread.

#751,709
Jun 14, 2023 11:09am Jun 14, 2023 11:09am

eyefeelsix
Joined Aug 2021 | Status: Trader | 2,517 Posts

Quoting Ferna

Disliked

{quote} well im expecting/preparing for the same. However you have fierce competition in this thread: {image}

Ignored

lol

https://breakpullback.com

#751,710
Jun 14, 2023 11:12am Jun 14, 2023 11:12am

Fardeen1209
Temporarily Suspended | Joined Jul 2021 | 3,677 Posts

Quoting dantpm

Disliked

{quote} To address FED expectations, what data is there that suggests prices rising on controllable items? Even imported fuel is coming down in price! This FED has two mandates, combat inflation and deal with employment. Right now both of these are moving the way that the FED 'wants'. Hell CME even has a 95% probability of no increase this time around! Still doesn't answer the question of what the market will do!

Ignored

So far when CME priced in hikes more than 90%, USD fall if fed deliver the expected rate hike.

USD rise is Fed hike more than the priced in.

If Cme probability stuck at around 70-80%, we have spike both sides. First, move to fully priced in, the second move, the 70-80% already priced in exit their trades at market order.

Today, FED skip (transitioning from hiking cycle to pause cycle) is something new, and badly want to see how the market reaction will be.

My money is on the first scenario which i posted yesterday evening, but given each market moment is unique, losing today is a great lesson to be learnt for the rest of my trading career.

More time in the market, does not mean you trade better!

#751,711
Jun 14, 2023 11:13am Jun 14, 2023 11:13am

Pat Chiko
| Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts

Quoting dantpm

Disliked

{quote} To address FED expectations, what data is there that suggests prices rising on controllable items? Even imported fuel is coming down in price! This FED has two mandates, combat inflation and deal with employment. Right now both of these are moving the way that the FED 'wants'. Hell CME even has a 95% probability of no increase this time around! Still doesn't answer the question of what the market will do!

Ignored

FOMC Statement
Federal Funds Rate
FOMC Press Conference (30 mins delay)

Two weeks back the media floated pause.
If it's a pause, it means market participants are influencing the Fed's actions, or maybe the Fed itself is leaking - both of which are outrageous.
They should raise rates in a perfect world.

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The question remains as inflation data was lower than expected? Why hike and risk causing more problems when infaltion is falling?
But the more tricky part going to be is , FED might not raise But come with still hawkish commentary

With the PPI inflation for May drops to 1.1%, well below expectations of 1.5%. (data released earlier)
Core PPI drops to 2.8%, below 2.9% expected.
Does the FED finally have inflation under control?

I come from the future.

Karen X Mas Bonus 2025 All Time Profit: $15,104

#751,712
Jun 14, 2023 11:14am Jun 14, 2023 11:14am

Waveskierrob
Joined May 2020 | Status: Best trader ever to exist ever | 10,701 Posts

Quoting FxSnapper

Disliked

{quote} Ninner? He ducked out of a trading contest in another thread.

Ignored

...really he told everyone that he's up $86000, I feel foolish for believing him now...

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#751,713
Jun 14, 2023 11:17am Jun 14, 2023 11:17am

Coreg2004
Joined Oct 2009 | Status: Trader | 5,656 Posts

GU is at the strong resistance level @ 1.2700 but the spike up at the announcement just to shake out weak shorthand is not ruled out.

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The Dollar Index demolished the zone for potential wave (4) and might go to the origin of the move.https://www.forexfactory.com/thread/...2#post14458152

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