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Cable Update (GBPUSD)

  • #774,601
  • Sep 14, 2023 7:19am Sep 14, 2023 7:19am
Rates gone up in EU but pound drops …
Insane in the Brain..
  • #774,602
  • Sep 14, 2023 7:20am Sep 14, 2023 7:20am
beautiful
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in wondering about yourself, you forgot what you came here to be part of
  • #774,603
  • Sep 14, 2023 7:22am Sep 14, 2023 7:22am
Quoting BeeTogether
Rates gone up in EU but pound drops …
I think it is more of a US$ thing.
  • #774,604
  • Sep 14, 2023 7:22am Sep 14, 2023 7:22am
Quoting Pranjal
{quote} Could you please share your strategy
5 min super trend
Ut bot 2,2
Trendlines with breaks
yes yes yes
  • #774,605
  • Sep 14, 2023 7:22am Sep 14, 2023 7:22am
Quoting BeeTogether
Rates gone up in EU but pound drops …
Should watch EU, the party happening there.
Rate hike cause EU to fall because of weaker economic activity and PMIs < 50
More time in the market, does not mean you trade better!
  • #774,606
  • Sep 14, 2023 7:23am Sep 14, 2023 7:23am
Quoting T721
EU UPDATE.. 5 shorts in profit and 1 short @b/e at time of writing --- will see how it goes but still want lower towards green circle to look for buys {image}
Not a bad trade at all but took a lot of patience, still like to see lower yet
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  • #774,607
  • Sep 14, 2023 7:24am Sep 14, 2023 7:24am
Quoting BeeTogether
Rates gone up in EU but pound drops …
Today, you all witnessed a pretty good example of how manipulated this trash FX market actually is.

So, the next time someone comments on the news, be aware that what you're talking is complete and utter bullshit.

This stands true for everyone who comments on the news including myself.
  • #774,608
  • Sep 14, 2023 7:28am Sep 14, 2023 7:28am
Quoting JereMi256
{quote} Re-entry Long SL & TP pending... {image}
SL set @1.2434
Face 'ur fears & tame 'ur greed
  • #774,609
  • Sep 14, 2023 7:30am Sep 14, 2023 7:30am
Quoting Fardeen1209
{quote} Should watch EU, the party happening there. Rate hike cause EU to fall because of weaker economic activity and PMIs < 50
Fardeen, how will higher rates spur economic activity?
  • #774,610
  • Sep 14, 2023 7:30am Sep 14, 2023 7:30am
WOW

no bottom left

all the way to ZERO

haha
in wondering about yourself, you forgot what you came here to be part of
  • #774,611
  • Sep 14, 2023 7:31am Sep 14, 2023 7:31am
Quoting TheWraith
{quote} Today, you all witnessed a pretty good example of how manipulated this trash FX market actually is. So, the next time someone comments on the news, be aware that what you're talking is complete and utter bullshit. This stands true for everyone who comments on the news including myself.
We have Bloomberg terminal, Refinitiv Eikon or Factset to get access to these fundamentals data and all related articles attached to it tho
More time in the market, does not mean you trade better!
  • #774,612
  • Sep 14, 2023 7:32am Sep 14, 2023 7:32am
I still don't understand the interest rate increase, but eur gbp is decreasing??
  • #774,613
  • Sep 14, 2023 7:33am Sep 14, 2023 7:33am
Quoting JereMi256
{quote} SL set @1.2434
Stopped out!
Face 'ur fears & tame 'ur greed
  • #774,614
  • Sep 14, 2023 7:33am Sep 14, 2023 7:33am
oh my beautiful dollar LOL
short trump and go long the deepstate
  • #774,615
  • Sep 14, 2023 7:33am Sep 14, 2023 7:33am
I believe it will not close and drop
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yes yes yes
  • #774,616
  • Sep 14, 2023 7:34am Sep 14, 2023 7:34am
Quoting dantpm
{quote} Fardeen, how will higher rates spur economic activity?
I have an article which i read yesterday, i'll post it when i get home. Trading is not always about chart, else why these banks paid millions of dollar to economists every year

Back yesterday when i said, EU have some unfinished business to the downtown, GU longs probably watch out.
More time in the market, does not mean you trade better!
  • #774,617
  • Sep 14, 2023 7:34am Sep 14, 2023 7:34am
Quoting T721
{quote} Not a bad trade at all but took a lot of patience, still like to see lower yet {image}
Nice
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  • #774,618
  • Sep 14, 2023 7:37am Sep 14, 2023 7:37am
Catching knives has started.

GL!
  • #774,619
  • Sep 14, 2023 7:38am Sep 14, 2023 7:38am
https://www.forexfactory.com/thread/...7#post14575597

I have been discussing this trade since the past 3 days
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  • #774,620
  • Sep 14, 2023 7:40am Sep 14, 2023 7:40am
Quoting Fardeen1209
{quote} I have an article which i read yesterday, i'll post it when i get home. Trading is not always about chart, else why these banks paid millions of dollar to economists every year Back yesterday when i said, EU have some unfinished business to the downtown, GU longs probably watch out.
I understand how trading is not about the charts.
The basic point is that you suggested the rate increase because of economic weakness. How does that work?
A rate increase should spur the longer term currency value to rise and if the market actually reacted to news in the shorter term as well.
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