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Cable Update (GBPUSD)

  • #752,921
  • Jun 19, 2023 11:45pm Jun 19, 2023 11:45pm
Quoting Headland
{quote} Hi, Lol! But we don't have a present so Pat is living in his future, the only time-term that no one has yet proved, that anyone (other than Pat obviously,) has ever been to or lived in. When Pat is in our past he is in his future, apparently!
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Doc Brown's said to Marty McFly's on seeing GBP/USD movement for UK CPI................
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #752,922
  • Jun 19, 2023 11:46pm Jun 19, 2023 11:46pm
Quoting Pat Chiko
{quote} GU {image} UK's core inflation is higher than that of the Eurozone and the US. May's inflation data will be released before the Bank of England's meeting on Thursday, but it's expected that it will be difficult to change the BoE's plan to raise interest rates by 25 bp this week. {image}
Pat it is also possible that the BOE will look at controllable and non-controllable CPI. Doesn't do the economy any good to raise rates to fight inflation if the cause of the inflation is imported goods. Energy is a great example. Higher rates won't do anything to the price of imported gas and oil! Higher rates simply makes everything less affordable.
  • #752,923
  • Jun 19, 2023 11:55pm Jun 19, 2023 11:55pm
Quoting Coreg2004
{quote} Pat, there is no chance I open a prop firm but I would like to know how much money prop firms make from charging for challenges, and how much money traders bring them after they get funded account. Just imagine the scenario. A person decided to have a career as a trader. He/she unsuccessfully tries for 13 years, and couldn't make $5-10k during that time to trade own account. After 3 years of taking challenges, that person becomes a shark trading a $500k account and rakes $1-2k/day with 2 pips profit and 1 pip stop loss. Sci-Fi is...

Prop firm is beneficial for people who cannot get access to funds or making money so hard in there country, i come from a country that no student loan or credit cards.
so if I hustle to save 100$ and I don’t know how to trade it I will surely blow it like I did when I started trading.
buying 10k account for less than 100$ with overall DD 10-12% I think it’s fair enough, prop firm is a loan money giving to you and u just need to proof urself before u get funded I will
prefer trading prop firm 10k than to trade my own 100$ account, without those company taking a strong risk management they would have bankrupt as majority of traders don’t pass the challenge so now assume they give out live account from the beginning.

some offer instant funding but when you look at the cost and the overall DD it’s so close to u trading your own account so the 2 phase challenge get more buyers since it’s way more cheaper but very challenging now many are going no time limit to help traders get funded but truth is if you don’t know how to trade the time no time limit still won’t help.
MY OPINION NOT FINANCIAL ADVISE
  • #752,924
  • Jun 20, 2023 12:01am Jun 20, 2023 12:01am
Quoting dantpm
{quote} Pat it is also possible that the BOE will look at controllable and non-controllable CPI. Doesn't do the economy any good to raise rates to fight inflation if the cause of the inflation is imported goods. Energy is a great example. Higher rates won't do anything to the price of imported gas and oil! Higher rates simply makes everything less affordable.

UK CPI feat BoE Interest Rates.
Note : WED and THURS Bank Rates (pay attention)

Bank of England's terminal rate expectations surge to 5.75-6.0% (currently 4.5%) due to higher-than-expected wage and core inflation data.
UK will have the highest interest rates among G7 countries. High chances of increase interest rates., but CPI tomorrow.
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UK GILT 2Y yield going parabolic
Mortgage rates will rise dramatically as a result
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We may expect 25bps hike from BoE (or need a very big CPI miss).
Wage growth was hot in Apr.
Considering core inflation has risen 6.8%, growing at the fastest pace in 30 years.

NOTE : Note the very sharp fall in UK diesel prices since April.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #752,925
  • Jun 20, 2023 12:05am Jun 20, 2023 12:05am
Quoting Mitiblotch
{quote} Wow! That's a good one. I hope you hit it.
Working on it but I won’t make it my main goal . If I get there fine if not I still want to be on track .


if you are on track ur destination will arrive
MY OPINION NOT FINANCIAL ADVISE
  • #752,926
  • Jun 20, 2023 12:15am Jun 20, 2023 12:15am
Quoting donfriday
{quote} Prop firm is beneficial for people who cannot get access to funds or making money so hard in there country, i come from a country that no student loan or credit cards. so if I hustle to save 100$ and I don’t know how to trade it I will surely blow it like I did when I started trading. buying 10k account for less than 100$ with overall DD 10-12% I think it’s fair enough, prop firm is a loan money giving to you and u just need to proof urself before u get funded I will prefer trading prop firm 10k than to trade my own 100$ account, without...
People have to learn on their own...

If we do that, it will end up promoting firms.

And furthermore... nothing should be made easy for those who ignorant of the enormous opportunities available.

And that opportunity is available to those who are capable to trading with highest accuracy combined risk management
Not suitable for the rest, especially for retail who do not care to take stop losses
Intraday only.
  • #752,927
  • Jun 20, 2023 12:21am Jun 20, 2023 12:21am
Quoting Pat Chiko
{quote} GU {image} UK's core inflation is higher than that of the Eurozone and the US. May's inflation data will be released before the Bank of England's meeting on Thursday, but it's expected that it will be difficult to change the BoE's plan to raise interest rates by 25 bp this week. {image}
GU

Need money to buy lunch
The rest of the target is just my guessing only..............
(Hope to get some luck)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #752,928
  • Jun 20, 2023 12:21am Jun 20, 2023 12:21am
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yes yes yes
  • #752,929
  • Jun 20, 2023 12:29am Jun 20, 2023 12:29am
Quoting Moty
{image}
Thanks Moty,

for the REAL TIME Live Trade Signal
I know it is hard to give a trade call real time, as long as it is not HINDSIGHT call towards end of the day.....

You're the best.

Thanks again
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #752,930
  • Jun 20, 2023 12:30am Jun 20, 2023 12:30am
y's low is broken
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yes yes yes
  • #752,931
  • Jun 20, 2023 12:43am Jun 20, 2023 12:43am
Quoting Bella.al
{quote} Yesterday High : 1.28364 Yesterday Low : 1.27702 Open Position : Short GBPUSD : Type : Date Reversal ( 19.06.2023 ) Still holding into my short trade . I strongly believe cable will break yesterday's low 1.27702 and looking for 1.27300 which is Bella's Price Objective 1. Only above Bella's Resistance : 1.28221 will negate this scenario . Waiting to engage my trailing stop (Bella's 0.37 Trailing ) Bella's Blue ( beta ver 1.6 ) {image}
So, my max given target is 1.25137 and lets say due to my trailing abilities (Bella's 0.37 Trailing ) i am able to trail this market as it goes down. There is a Fibonacci support band which i think should be mentioned just in case .

Bella's Fibonacci Band.
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Goddess of Thunder..
  • #752,932
  • Jun 20, 2023 12:44am Jun 20, 2023 12:44am
Morning folks

At the start of the week I thought Tues might be another consolidation day within Friday's range, given red news tomo/Thurs

market might want to accumulate and build up liquidity to tap into rest of the week

anyone in this view?

Other possibility is we go on to fill last thurs' hidden gap
  • #752,933
  • Jun 20, 2023 12:46am Jun 20, 2023 12:46am
every signal gave at least 10 pips profit , let's see
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yes yes yes
  • #752,934
  • Jun 20, 2023 12:47am Jun 20, 2023 12:47am
Quoting mysterio
Morning folks At the start of the week I thought Tues might be another consolidation day within Friday's range, given red news tomo/Thurs market might want to accumulate and build up liquidity to tap into rest of the week anyone in this view?
Scammer don't trap people in your BS fancy words ,you have already scammed lot of peoples in the name of footprint and volume bullshit and lost thousands of dollars. Give me my money or i will call you out every day
  • #752,935
  • Jun 20, 2023 1:04am Jun 20, 2023 1:04am
Quoting AlfieSolomon
{quote} Scammer don't trap people in your BS fancy words ,you have already scammed lot of peoples in the name of footprint and volume bullshit and lost thousands of dollars. Give me my money or i will call you out every day
Are you saying you gave him your account to trade and manage for you or you bought a system from him and the system failed?
  • #752,936
  • Jun 20, 2023 1:13am Jun 20, 2023 1:13am
Quoting AlfieSolomon
{quote} Scammer don't trap people in your BS fancy words ,you have already scammed lot of peoples in the name of footprint and volume bullshit and lost thousands of dollars. Give me my money or i will call you out every day
Dude you are so far off base it isn't funny. Mysterio has not scammed anyone! His suggestions and ideas were clearly stated as just that. If you chose to follow them, that was your choice. If you didn't understand what you were doing and tried to follow blindly without taking the time to understand, again your choice.
  • #752,937
  • Jun 20, 2023 1:16am Jun 20, 2023 1:16am
Euroyen, I haven't traded it, but the Euroyen has a nice V-shaped recovery and a double bottom right high kick. The GBP/JPY is still under heavy resistance.

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  • #752,938
  • Jun 20, 2023 1:18am Jun 20, 2023 1:18am
15 pips more to TP

More than 24h of holding.
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With courage, patience, and discipline, success is a matter of time.
  • #752,939
  • Jun 20, 2023 1:24am Jun 20, 2023 1:24am
Quoting dantpm
{quote} Dude you are so far off base it isn't funny. Mysterio has not scammed anyone! His suggestions and ideas were clearly stated as just that. If you chose to follow them, that was your choice. If you didn't understand what you were doing and tried to follow blindly without taking the time to understand, again your choice.
You know nothing what I am talking about ,he made a discord group last year and started paid mentorship and also took peoples account for handling and passing prop challenge first the groups name was "cable traders" and he lost thousands of dollars of people and also he ows lots of money to people, search cable traders on trust pilot for proof
  • #752,940
  • Jun 20, 2023 1:25am Jun 20, 2023 1:25am
Quoting dantpm
{quote} Dude you are so far off base it isn't funny. Mysterio has not scammed anyone! His suggestions and ideas were clearly stated as just that. If you chose to follow them, that was your choice. If you didn't understand what you were doing and tried to follow blindly without taking the time to understand, again your choice.
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