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Cable Update (GBPUSD)

  • #753,561
  • Jun 22, 2023 2:26am Jun 22, 2023 2:26am
Quoting Fardeen1209
{quote} You meant every 5-6years, the bank will re adjust the interest rate on the contract according to the prevailing market rate? IDK how mortgage exactly work.
I think he means that typically mortgages will only be a fixed rate for a period of 5 years. Then you can renew it to lock in the new rate. If you are on a variable rate then the mortgage interest rate will follow the banks rate.
  • #753,562
  • Jun 22, 2023 2:30am Jun 22, 2023 2:30am
Quoting Bella.al
{quote} Yay, 1.27530 taken time to move my SL to Trailing , Stop moved to 1.27638 Locked +3 Pips Bella's Blue {image}
ok ok , so Cam level 3 i had in the previous post only for today , cause i think it is the meat of the market today ( i mean where the most trading activity happened from yesterday ) not the normal pivot .
H+L+C / 3 === / H+L/2 2 = you get this small range where it is the important range ... ok i don't want to get lost . my point is it is cam 3 level for today 1.27365
any ways i am +15 Pips as i write this , expecting now break of L3 Level .. Trailing at 1.27638
Bella's Blue.
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Goddess of Thunder..
  • #753,563
  • Jun 22, 2023 2:30am Jun 22, 2023 2:30am
Quoting Fardeen1209
{quote} You meant every 5-6years, the bank will re adjust the interest rate on the contract according to the prevailing market rate? IDK how mortgage exactly work.
From the banks's point of view they generally 'borrow short to lend long.' Ie they will (if don't have enough dedicated customer deposits/shareholder money/retained profits to lend to a mortgagee,) leverage those funds as described, on the international wholesale money markets, and borrow money over say 1yr to finance a 25yr mortgage and keep rolling it over or pay it back with a new loan at the end of that year. Meantime they have lent it to a mortgagee @ a higher rate, and there is their margin.
Trader with an Edge.
  • #753,564
  • Jun 22, 2023 2:35am Jun 22, 2023 2:35am
Quoting dantpm
{quote} If the rate increase is already priced into the market, why is it bullish for the pound? Shouldn't this be buy the rumor sell the news? I believe that we just have to follow the market. I was wondering if you had some rational for believing that this situation is market bullish.
Look at USDCHF, SNB Hike as expected, CHF falls
More time in the market, does not mean you trade better!
  • #753,565
  • Jun 22, 2023 2:36am Jun 22, 2023 2:36am
Quoting DubaiFX
Hello Guy i am Back for Pound today, well Interest Rate Decision are Tricky, so here is the Latest Analysis, first of all Don't be Surprised to get 50bps Increase, BOE have a Way to Surprise the Market sometimes, but we don't think Today is the Day, lets First talk about SWISS FRANK, it will be a Good move, Swiss Frank is already Over Bought, ok lets see The rate decision by the Swiss National Bank has been shoved off the front page by the BoE’s dilemma. It decides ahead of the US open tomorrow and we see some indecision starting...
i Love When i am Right.
Don't compare your Trades with Others
  • #753,566
  • Jun 22, 2023 2:38am Jun 22, 2023 2:38am
Quoting DubaiFX
Hello Guy i am Back for Pound today, well Interest Rate Decision are Tricky, so here is the Latest Analysis, first of all Don't be Surprised to get 50bps Increase, BOE have a Way to Surprise the Market sometimes, but we don't think Today is the Day, lets First talk about SWISS FRANK, it will be a Good move, Swiss Frank is already Over Bought, ok lets see The rate decision by the Swiss National Bank has been shoved off the front page by the BoE’s dilemma. It decides ahead of the US open tomorrow and we see some indecision starting to show up in the...
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Don't compare your Trades with Others
  • #753,567
  • Jun 22, 2023 2:40am Jun 22, 2023 2:40am
Quoting Fardeen1209
{quote} Look at USDCHF, SNB Hike as expected, CHF falls
That is the reality of MMs and forex! MMs don't do what we expect immediately, they do what they want to do to close open orders.
  • #753,568
  • Jun 22, 2023 2:41am Jun 22, 2023 2:41am
Quoting Headland
{quote} From the banks's point of view they generally 'borrow short to lend long.' Ie they will (if don't have enough dedicated customer deposits/shareholder money/retained profits to lend to a mortgagee,) leverage those funds as described, on the international wholesale money markets, and borrow money over say 1yr to finance a 25yr mortgage and keep rolling it over or pay it back with a new loan at the end of that year. Meantime they have lent it to a mortgagee @ a higher rate, and there is their margin.
Thanks sir.
By borrowing on the money market:
1) IN Bulk (huge amt of Money)
2) Low Interest Rate
3) Lent to Mortgagee Small amount and at higher rate
4) Mortgagee deposit his loan amt in the bank acc
5) Bank loan out 90% of the deposited amt

?

Huge amount of Money these guys are making
More time in the market, does not mean you trade better!
  • #753,569
  • Jun 22, 2023 2:44am Jun 22, 2023 2:44am
Quoting Fardeen1209
{quote} Thanks sir. By borrowing on the money market: 1) IN Bulk (huge amt of Money) 2) Low Interest Rate 3) Lent to Mortgagee Small amount and at higher rate 4) Mortgagee deposit his loan amt in the bank acc 5) Bank loan out 90% of the deposited amt ? Huge amount of Money these guys are making
Well, there are overheads and bad debt/defaults to take into consideration before any net is achieved, then tax before net net so it's not quite as lucrative as it first appears, but yeh, 'potentially' it can be a good business model.
Trader with an Edge.
  • #753,570
  • Jun 22, 2023 2:46am Jun 22, 2023 2:46am
Quoting Pat Chiko
{quote} GU partial TP on UK CPI news release. Add position at discount price.{image} Boss coreg The count look neat ?

GU

Continue LONG Scalp to EW 5.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #753,571
  • Jun 22, 2023 2:53am Jun 22, 2023 2:53am
Quoting Bella.al
{quote} ok ok , so Cam level 3 i had in the previous post only for today , cause i think it is the meat of the market today ( i mean where the most trading activity happened from yesterday ) not the normal pivot . H+L+C / 3 === / H+L/2 2 = you get this small range where it is the important range ... ok i don't want to get lost . my point is it is cam 3 level for today 1.27365 any ways i am +15 Pips as i write this , expecting now break of L3 Level .. Trailing at 1.27638 Bella's Blue. {image}

Trailing hit +3

Bella's Blue Journal (June) = -80 + 3 = -77 Pips

Bella
Goddess of Thunder..
  • #753,572
  • Jun 22, 2023 2:54am Jun 22, 2023 2:54am
Quoting DubaiFX
Hello Guy i am Back for Pound today, well Interest Rate Decision are Tricky, so here is the Latest Analysis, first of all Don't be Surprised to get 50bps Increase, BOE have a Way to Surprise the Market sometimes, but we don't think Today is the Day, l. Now lets Move to the POUND . some people think Interest Rate Increase is good For the Currency, well that misconception some times kills even Months of Profits in One Giant Move, . her is Something to Think About. . Somewhat muddying the waters are the two most worrisome economies—the...
Same thing Might Happen with Pound Probabilities are High Guys,
i only Trade sometimes but when i do i do my Research...
Just Thinking Out Load here,
but i will Not Buy POUND today,
i sold CHFJPY went well.
i will do same with GBPJPY when the Time Comes,
POUND is not a very Good Shape to make New Highs,
Fundamentals tell me that not Techincals,
we i do trade techincals for short term when there is no major news like NFP or CPI atc.
but if GOLD can Hit 1900 then you can Bet that 1.2500 for Pound is Coming.
176.00 for the GBPJPY.
.
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Don't compare your Trades with Others
  • #753,573
  • Jun 22, 2023 2:56am Jun 22, 2023 2:56am
Quoting Pat Chiko
{quote} GU Continue LONG Scalp to EW 5.{image}
thanks pat..i copy your analysis..but place limit sell there..1.2850..
  • #753,574
  • Jun 22, 2023 2:57am Jun 22, 2023 2:57am
Quoting voeltoez
{quote} thanks pat..i copy your analysis..but place limit sell there..1.2850..
.
That might Turn out to be the Best Trade of the Week for you i have same thing above 1.2830 2 limit orders,
lets just hope it gets there when the time comes.
Don't compare your Trades with Others
  • #753,575
  • Jun 22, 2023 2:57am Jun 22, 2023 2:57am
Quoting Pat Chiko
{quote} GU Continue LONG Scalp to EW 5.{image}
are you sure Buddy? I think the all LQ is under, ok we can see spike but I dont wonna buy at this level..
People don't plan to lose. They lose because they don't plan.
  • #753,576
  • Jun 22, 2023 2:59am Jun 22, 2023 2:59am
Quoting Fardeen1209
{quote} That is something yet to be discovered. So far I have the GDP and Financial Crisis. The Housing Effect not yet happen, probably will happen in the future, then will discover this new area. But i think the interest rate will have impact on the mortgage rate. From what i understood, is the winner is those who locked himself into a contract (before Rate Hike Cycle)at a lower mortgage rate. Loser is the one who locked himself into a high mortgage rate for the next 30years repayment. I could be wrong as i am not sure.
according to an article I read this morning that the rise in rates will also see a rise in foreclosures with around 10k predicted for next year.

https://apple.news/ARm22G6ZxTKOq9dkbjwV3-Q
Insane in the Brain..
  • #753,577
  • Jun 22, 2023 3:04am Jun 22, 2023 3:04am
...asian/current dly hi challenged now.

1hr below
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Trader with an Edge.
  • #753,578
  • Jun 22, 2023 3:05am Jun 22, 2023 3:05am
Quoting ScalaFX
{quote} are you sure Buddy? I think the all LQ is under, ok we can see spike but I dont wonna buy at this level..
i place buy stop @1.2626 ..if bear strong maybe can test daily mid bb @1.2580, what do you think bro?
  • #753,579
  • Jun 22, 2023 3:06am Jun 22, 2023 3:06am
The Algo put up a selling mode.. Broke a mini trendline… complete cycle and now want to switch to buying…
My telegram: https://t.me/avidforex
  • #753,580
  • Jun 22, 2023 3:08am Jun 22, 2023 3:08am
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Quoting BigNumbers
The Algo put up a selling mode.. Broke a mini trendline… complete cycle and now want to switch to buying…
My telegram: https://t.me/avidforex
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