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Cable Update (GBPUSD)

  • #753,341
  • Jun 21, 2023 7:50am Jun 21, 2023 7:50am
Quoting Freethepound
{quote} It broke 127 once, its a possibility.

It is always a possibility but because of how far it has dropped, typically to drop more it needs a catalyst and this market doesn't appear to be providing any catalysts or news today to drive it down or up!
  • #753,342
  • Edited 10:34am Jun 21, 2023 7:54am | Edited 10:34am
Quoting DrDave
{quote} I know you have concerns about brokers manipulating their clients trades, even when they claim straight-through processing. If you want to be in a broker's A book, try this one. Everyone is in their A book, because A book is the only book they have. And you get a trade ticket for every trade that includes the details of how that trade was routed through the liquidity providers and who finally was conunter-party to your trade.
Hi Dr. Thanks for your advice. Technology has made it easy for the banks or whoever It is that has the "almost" absolute control over markets. A or b book is irrelevent. Its part of the strategy Ai uses. By knowing every trader's position and balance it is just a matter of time For any trader to succumb. We are competing against a stupid machine which at the same time is 99.99 perfect based on purchasing power and specially human errores. I can beat the system no matter which broker. I have been able to withdraw my gains so far and still expect to do so even when i will order 5 million.
POSTMASTER
  • #753,343
  • Jun 21, 2023 7:56am Jun 21, 2023 7:56am
as of today i think it has a chance to come down to the weekly exhaution zone as a retracement to the upside
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  • #753,344
  • Jun 21, 2023 7:56am Jun 21, 2023 7:56am
Quoting BeeTogether
Rates are going to rise tomorrow, whether they will spike up the market (even though it’s priced in) or not is something we can’t predict especially as todays data didn’t give us an initial move above 128
The 50bps not fully priced in.
CPI was higher few months ago, but BOE were reluctant to hike by 50bps.
The UK economy not soo strong to hold rapid rate hiking.
We might get a hawkish disappointment?
More time in the market, does not mean you trade better!
  • #753,345
  • Jun 21, 2023 7:59am Jun 21, 2023 7:59am
Quoting Robinhood1
Eurjpy long. Prlce now 148.75 Target beyond. 155.00
Eurjpy
I closed at 155.
I went long on monday Usdchf @ 0.8942
POSTMASTER
  • #753,346
  • Jun 21, 2023 8:00am Jun 21, 2023 8:00am
Quoting Robinhood1
{quote} Eurjpy I closed at 155. I went long on monday Usdchf @ 0.8942
Usdchf
Expecting target beyond 0.9400
POSTMASTER
  • #753,347
  • Jun 21, 2023 8:05am Jun 21, 2023 8:05am
i will be shorting more from level 1.2725 on M1
On M15 from 1.2712
in wondering about yourself, you forgot what you came here to be part of
  • #753,348
  • Jun 21, 2023 8:11am Jun 21, 2023 8:11am
Short in at 1.2715
Don't trade what you think. Just what you see!!!
  • #753,349
  • Jun 21, 2023 8:18am Jun 21, 2023 8:18am
Looks like the garbage GU price action is back, I made my profits this morning. I'll stay out til tomorrow. Im hoping for retrace to 12760 for a nice short down to the 12660 area.
  • #753,350
  • Jun 21, 2023 8:21am Jun 21, 2023 8:21am
we are going to 1.28 again
Lost in Narrative
  • #753,351
  • Jun 21, 2023 8:28am Jun 21, 2023 8:28am
WELL WELL GBP Hahaaa
HBS - Hussain Bin Salman
  • #753,352
  • Jun 21, 2023 8:30am Jun 21, 2023 8:30am
Quoting Tpttonly
WELL WELL GBP Hahaaa
did you know that ai program was first named Chat-GBP
then they changed it to GPB and then GPT
in wondering about yourself, you forgot what you came here to be part of
  • #753,353
  • Jun 21, 2023 8:33am Jun 21, 2023 8:33am
Pip bonanza today !

More shorts from 2713


this trade should put me over the 50 pip mark for the day and then i will log off.
in wondering about yourself, you forgot what you came here to be part of
  • #753,354
  • Jun 21, 2023 8:36am Jun 21, 2023 8:36am
i see 2698 limit broken , should top failure in place , but not enough , 2 more bull set ups still intact . next broken 2698 , support goes to 2680/72 and 2625 areas , so price likely try test those level before breaks up 2737 to pullback 2774 areas again. lets see , how reacts! 2681 or 72 will restart long if aLL ok. pa now as broken 2715 then immediate sr 2702 for 2729 before test lows for probable scalping ! take care
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #753,355
  • Jun 21, 2023 8:36am Jun 21, 2023 8:36am
Quoting Fardeen1209
{quote} The 50bps not fully priced in. CPI was higher few months ago, but BOE were reluctant to hike by 50bps. The UK economy not soo strong to hold rapid rate hiking. We might get a hawkish disappointment?

thing is todays inflation showed that raising rates won’t bring down inflation.. 0.5 can happen but that would increase chances of foreclosures especially as mortgage deals with 2 years fixed finishes in Sept 23. That would mean those who took advantage of the reduced stamp duty and took 2 years fixed as opposed to a tracker mortgage are going to find themselves in greater debt to pay. Government has already said no help will be given to those that can’t keep up with mortgages
Insane in the Brain..
  • #753,356
  • Jun 21, 2023 8:42am Jun 21, 2023 8:42am
they have to raise the rates
all it means is there is not a HIGH enough
people in the UK are deluded about property; there's NO WAY the Gov can step in again to save the property market.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #753,357
  • Jun 21, 2023 8:46am Jun 21, 2023 8:46am
Quoting knkie
{quote} did you know that ai program was first named Chat-GBP then they changed it to GPB and then GPT
Really Nice Nice this ai program is really some program
HBS - Hussain Bin Salman
  • #753,358
  • Jun 21, 2023 8:47am Jun 21, 2023 8:47am
Attached Image (click to enlarge)
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yes yes yes
  • #753,359
  • Jun 21, 2023 8:48am Jun 21, 2023 8:48am
Quoting knkie
Pip bonanza today ! More shorts from 2713 this trade should put me over the 50 pip mark for the day and then i will log off.
i had a very tight stop and it got hit.

Its been a great day.
i dont want to ruin it by bleeding pips here and there.

Im out: + 46 pip

have fun
in wondering about yourself, you forgot what you came here to be part of
  • #753,360
  • Jun 21, 2023 8:49am Jun 21, 2023 8:49am
can we please talk about what DXY does?
I mean look at the 5 min TF.. Weird
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