Cable Update (GBPUSD)

GU: M30

Shouldn't that be the Infamous beetogether

I dont trade news but i thought it might have been obvious

as expected the GBP--AUD correlation did not break apart.

H4.

I can hardly wait

The first two Mad Max films were absolutely brilliant and a high water mark in Aussie cinema then after that just like Star Wars they fucked it up

There's only two things you need to know about Max, His name is Max and he's Mad
I want to make a Mad Max film called Sprog Rockatanski, see sprog didn't die that day under the wheels of Z1 Kawasakis he's made of stronger stuff. Now days he's out there on the highways chasing down bikers with a burning rage inside of him and he don't know why....

That was a nasty Bee from Brentford

need a might rocket to get out of this for the bulls!

@pat that trapdoor is getting rotten it needs to be bolted lol.

126 not on my 4H for time being.

Seems I quit my shorts early at 2455. However, I have a long waiting at 2415. I don't think it's time to buy yet. Or, at least wait for Mr. BoE chairman to finish yapping.

Made a bit of money on that Cable pump lol but euro continuing to kick me in the nuts...

FTSE100 skyroketing above 8400..

something something money flows something something... simple stuff, really?

Is that how it goes?

BOE's Bailey …… we have to wait fed to cut the rate….. we need to cut …. like 77 times next life but not today lol

lol

Hey the Gimps awake, maynard must have let him out of the box cause Zeds coming over and Zeds real horny....

I entered the pound yen long position three times and recovered all profits.
There is still room, but there will be too much trading, so it will end with a win-run.

Thanks for sharing your view.
First of all nobody trade the news.
Every traders , trade the price.

Let's dive into a real-life scenario to understand how news can impact forex trading.
Imagine the UK just announced its official bank rates, and they've decided to keep them the same.
Seems straightforward, right? But here's where it gets interesting.

Alongside this announcement, there's another piece of news:
The Bank of England is inching closer to cutting interest rates.
One more official has voted for an immediate reduction. (dovish)

Now, what does this mean for forex traders?

It suggests that the UK might adopt a more relaxed monetary policy, which could weaken the British pound (GBP).
So, despite the rates staying put, the interpretation of this additional news leads traders to believe that the GBP might lose strength.
As a result, the GBP drops in value against USD.

In reality, it's not just the news that drives price changes.
It's how traders interpret the news.

But there's more to it than just the news.
Traders also use technical analysis, which means looking at charts and past patterns to predict future price movements.
By combining this with their understanding of the news, traders can make smarter decisions about when to buy or sell.

This mix of fundamental analysis (which is about understanding the news) and technical analysis gives traders an edge.
An edge means they have a better chance of making successful trades because they can spot opportunities that others might miss.

So, successful trading isn't just about reacting to news—it's about understanding how news affects the market and using that knowledge, along with technical analysis, to make smart moves.

This example underscores the point that it's not just the news itself but also how traders interpret it that influences currency prices.
By combining this fundamental analysis with technical analysis, traders can stay ahead of the game and make informed decisions in the forex market.

If you need to understand how to trade fundamentals, please ask one of our young padawans here by the name of Arca ; he is a keen learner of fundamentals

Biggest news event: GBPUSD: 34 pips... - I have questions...

Cable pumped 34 pips on Bailey's comments then drop back but now picked up a bit, all dollar pairs increased meaning something has happened in the markets

Lost money again mate?

well, the GBP-------USD was not in a position to be traded today. I didn't even force the trade.
this is just my opinion.