Cable Update (GBPUSD)

i agree.

YAAAAAHHHHHHHHOOOOOOOOOOOOOOO

im on short...

[FOMC DECISION] The FOMC has left the funds rate unchanged at 5.25%, as universally expected. The FOMC statement continues to note inflation is elevated, and the primary concern is still that inflation won"t moderate, but the overt statement that tightening may be needed is gone.

I TPed partial somewhere above 9620 and holding the rest for the run...

Looks like stalled below @1.9660....Anyone wish to hold long until tomorrow?....

out of cable longs in excellent profit, added longs on the way up, tp twice

It's not about WHAT they say, but HOW they say it

[FOMC STATEMENT CHANGES] There are extensive changes to the FOMC statement. The most important is the disappearance of "The extent and timing of any additional firming that may be needed..." to be replaced by the dead-neutral ""Future policy adjustments will depend on the evolution" of inflation and growth. The overall impression of the rest of the statement is that Fed officials are no longer seeing the desired progress in growth or inflation. This time, "Recent indicators have been mixed and the adjustment in the housing sector is ongoing" replaces reference to somewhat firmer growth and signs of stabilization in housing back in January. Core inflation readings have no longer "improved modestly in recent months..." Now, core inflation readings are 'somewhat elevated," with continued tension between high resource use and likely moderation over time.


Find your bears a good shelter.

Yup... Never without negotiating with Mr. 666 first. Ohh... how I missed him...

sold Euro at 3370 levels.

GJ on the push. If (when) breaks 231.15 we're going mid-97s

I am not understand that why UJ retrace back so much (vs. UC, EU, GU) at the first 10 minutes? Is there any thing special to JPY? or related to GJ?....

i bet euro is going to test the 1.4 in month to come....it has broke major R trendline all time high vs previous year high

mix of buyers jumppin in like thirsty dogs into the carries and dollar down sentiment... UJ is stalling big time.

That's why CAble can be rocketed sky high when GJ pushes.

went long cable from 68 just got out at 90

what next? time to short or we keep going up?

Would you really consider going against this move????

I'm holding a long from 9580, liftting my buy limits and SL. That's all...

at some point you have to, take profits, and reposition

where's the top? 9740 is my top...

Problem it's not us who tell this. I've already lost a great deal of $ thinking "oh, here's the top".

But trade what you see...

I don't have a target. I added lots before the move and dumpped all but one in the way up. This remaining is the one which will find the top.

ooh that was sweet timing on my part

looking to reload longs now on this little dip

hehehehe... this market can surprise me every single day...

Now "they" are wondering about a little word that can change our days: bias.


[THE FOMC "BIAS"] There is some debate today over whether the Fed's "bias" has changed. The ambiguity is over what exactly this short-hand term for the policy outlook means. Those who don"t think the bias has changed seem to have in mind that Fed officials still declare inflation to be their biggest worry. Those who think the bias has changed note what the statement explicitly says about policy. Given that the disagreement is over what "bias" means rather than on the actual policy outlook, fixating on whether the bias is neutral misses the point. The Fed statement now says future policy adjustment depends on developments in inflation and growth, whereas it had said "...additional firming that may be needed...." The statement also stopped noting progress in core inflation. Those are the things on which we should focus, not on whether the "bias" (a word markedly absent from official commentary) is neutral.

Yeah, 9745 sounds great. But... its now 100% from downfall + trendline act as resistance here.
I'm in mood to find a top here.