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Cable Update (GBPUSD)

  • #829,281
  • Jun 12, 2024 1:20pm Jun 12, 2024 1:20pm
Quoting T721
{quote} Helluva trade on this eu thingy, got lot more than i was expecting gu good to me too {image}
As did I, a pleasant surprise indeed and I also followed this same strategy lol
  • #829,282
  • Jun 12, 2024 1:20pm Jun 12, 2024 1:20pm
Quoting ethmageeth
{quote} As did I, a pleasant surprise indeed
  • #829,283
  • Jun 12, 2024 1:23pm Jun 12, 2024 1:23pm
Quoting Fardeen1209
{quote} The only thing that counter hawk FED is their reduction in QT pace. This might further push price of equities and metals to the upside. With china stopped buying / pausing their gold buys, this becomes the 2nd pressure on the metals.. Also we have fvgs on weekly tf to filled, and MMs need 'excuses' to push price.

remember,
no rate cut on 2024
  • #829,284
  • Jun 12, 2024 1:27pm Jun 12, 2024 1:27pm
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Might have toped..... I risk a short here. SL at 28 58 .

  • #829,285
  • Jun 12, 2024 1:28pm Jun 12, 2024 1:28pm
Quoting Fardeen1209
{quote} Open the door for hawkish powell.
The FED left rates unchanged, they still don't have their 2% inflation, no reason to cut rates yet. Price is simply moving against traders thinking that rates will fall.
  • #829,286
  • Edited 1:59pm Jun 12, 2024 1:32pm | Edited 1:59pm
I think there is more gas in the tank for longs

From H1 within those bars on 5m there is the pattern A down abc B up and then an impulse down which would complete a corrective pattern to the downside.
Follow The Markets Structure - Patience and Discipline
  • #829,287
  • Jun 12, 2024 1:36pm Jun 12, 2024 1:36pm
Quoting Whale
{quote} remember, no rate cut on 2024
Dot plot says 1 cut
Down from priced in 2 cut.
Cpi cause large shift in yield curve
Because 1 cut in dec, while cut in sept was priced in only 50%.
Soft cpi cause the sept cut to fully priced in, and some probability for july/aug fomc whichever comes before sept FOMC.
The soft cpi todays are not included in dot plot, too late to account for it. So, powell might take a neutral stand that otherwise would be very hawkish if hotter cpi would came out.
More time in the market, does not mean you trade better!
  • #829,288
  • Jun 12, 2024 1:41pm Jun 12, 2024 1:41pm
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  • #829,289
  • Jun 12, 2024 1:42pm Jun 12, 2024 1:42pm
Quoting ScalaFX
sp500, here loaded some too when I saw Fardeen post, think this thing changing the direction to downtrend
Close the shorts with tiny profits better to wait for structure break then swing trade it.
Otherwise we might get caught trying to catch the top
More time in the market, does not mean you trade better!
  • #829,290
  • Jun 12, 2024 1:44pm Jun 12, 2024 1:44pm
Quoting Whale
{image}
I wish!!

having said that 105 is circa 12690
Insane in the Brain..
  • #829,291
  • Jun 12, 2024 1:50pm Jun 12, 2024 1:50pm
Quoting BeeTogether
{quote} I wish!! having said that 105 is circa 12690
how do you calculate it?
  • #829,292
  • Jun 12, 2024 1:54pm Jun 12, 2024 1:54pm
The way price are developing looks like tomorrow ppi will be in favour of dollar
More time in the market, does not mean you trade better!
  • #829,293
  • Jun 12, 2024 2:01pm Jun 12, 2024 2:01pm
Did Powell just say that Payrolls data may be a bit overstated? Might as well have a “give or take” note next to the results…
Just another trader in drawdown... Volume Profiles & PA
  • #829,294
  • Jun 12, 2024 2:11pm Jun 12, 2024 2:11pm
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yes yes yes
  • #829,295
  • Jun 12, 2024 2:28pm Jun 12, 2024 2:28pm
Quoting eyefeelsix
{quote} zero risk sl in plus, based on 1 more event ahead I changed my mind to updated target to LOD for "Mr.Good Afternoon" {image}

my sl-tp updated for 5R into the pocket

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https://breakpullback.com
  • #829,296
  • Jun 12, 2024 2:30pm Jun 12, 2024 2:30pm
Quoting Mitiblotch
Well, I pressed the red button again. I'm keeping a 100 pip SL for a TP of 200 pips at 2648. {image}
My account is smiling. Already +54 pips. I regret closing the additional 10 lot short by now I should be dreaming of milk and honey.
  • #829,297
  • Jun 12, 2024 2:31pm Jun 12, 2024 2:31pm
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yes yes yes
  • #829,298
  • Jun 12, 2024 2:46pm Jun 12, 2024 2:46pm
Congrats to everyone who catch this, I will be holding this like I said before, my target minimum 1.26 and extended 1.2450, Gold too holding, sp500 starterd mooving
People don't plan to lose. They lose because they don't plan.
  • #829,299
  • Jun 12, 2024 2:47pm Jun 12, 2024 2:47pm
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JY - 5' --- 158.00 looks like a sure thing to me............................

  • #829,300
  • Jun 12, 2024 2:49pm Jun 12, 2024 2:49pm
Quoting ScalaFX
Congrats to everyone who catch this, I will be holding this like I said before, my target minimum 1.26 and extended 1.2450, Gold too holding, sp500 starterd mooving
12450 will be great! Although I can’t see it now but if by the end of the month then the move up to 12650 can happen after the election
Insane in the Brain..
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