TheBanker
Short

Navigating Today's FED via GBP/USD

FX:GBPUSD   British Pound / U.S. Dollar
... expecting a new overshoot to the downside here as widely expected since last month (see attached charts) - the brexit chapters are hopefully providing you with nice reading material

we are now trading 95% odds of a hike; though the impact will be softer on the dollar than most expect and impact will weight heavier on equities ...

Sterling is one of the best ways to play the dollar strength, those who are in premium trades from 1.30x and 1.29x congratulations as we can continue to scale in at 1.28x till the 1.26x handle is taken and we can trade air below. This swing will continue to last throughout the summer, so continue to see weakness UNLESS we see a major change in stance from the FED today, odds of this are very slim.

GL to all
Jun 14
Comment: tracking like a hawk for an entry
Jun 14
Trade active
Jun 14
Comment:
Jun 14
Comment: markets have spoken, gl to all
Jun 14
Comment:
Jun 15
Comment: well and truly riding the pig.. stops moved to b/e
Jun 15
Comment: getting the impression from chat that most are now lost in the trees and caught with pants by their ankles... this is a prime example of why entries are so important!!! serious lesson learned to all those entering arbitrarily. Now... lets put things in perspective for the mid term, we are still trading this map.. nothing has changed - weak hands getting shaken out here
Jun 19
Comment: Loaded more here
Jun 19
Comment:
Jun 19
Comment: flawless positioning... lessons in how to scale in
Jun 19
Comment:
Jun 20
Comment: almost game, set and match..
so close
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There was little to reach the goal. Processing stopped. I hope to win another time.
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nearly back at entry
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hmmm big rise,hope you took some profit
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Mr. Banker, Nice trade. You going to let it reach the TP or close out early?
+1 Reply
Missed the first entry, but I was able to catch the 2nd one. Easy pips in pocket. Thanks!
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The second retest shows that there is little offer
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To learn - if the stops are already placed according to the chart and than moved to the Break Even than most of us should be still in the trade not acting as a weaker hand - correct?
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BE soon
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