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Cable Update (GBPUSD)

  • #513,941
  • Edited 11:02pm Mar 14, 2020 12:05pm | Edited 11:02pm
this is how it goes US will explode, White House handled super bad
having said that my pm Boris wants at least 60% of population to get it ,not knowing if that's futile, like flu they make a new vaccine every year

Governments are useless beyond managing money and implementing none money making necessities...
.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #513,942
  • Mar 14, 2020 12:58pm Mar 14, 2020 12:58pm
Maybe it's time to stop selling the Cable...
Waiting for a consolidation
  • #513,943
  • Mar 14, 2020 2:36pm Mar 14, 2020 2:36pm
Quoting Bones
Talking high tf ,probably there lower rate next week more than anticipated , Cable is in that local range .13500-12000 until other wise, any move poss ,maybe hold over blue tl have to see it open ,could go test the break {image} {image}
Hi bones just as I see it on your trend lines . It’s going to be very interesting on Sunday let’s hope the stops or pp have been placed on Friday
  • #513,944
  • Mar 14, 2020 3:59pm Mar 14, 2020 3:59pm
Quoting Not-KPMG
{quote} Dumpflooo Shmoooo... Little liar. When did I say 100k THIS YEAR? ? Bitcoin. Ugly damn liar. Here's Pound thread, moroooon I say 25k this year. Actually I don't specify times. I say where I'll close... Not when I say 120k per bitcoin maybe next year. Yes maybe because the virus and schmucks banksters SET US BACK... ..... What u gonna do? HERE'S...
My mistake, you didn't say 100k this year.
But, you also didn't say 25k this year.

In January, you said "45k this year".
Still holding?
Hope it gets there for you
Compulsions can be hard to resist
  • #513,945
  • Mar 14, 2020 6:24pm Mar 14, 2020 6:24pm
Quoting Bones
Talking high tf ,probably FED will lower rate next week more than anticipated , Cable is in that local range .13500-12000 until other wise, any move poss ,maybe hold over blue tl have to see it open ,could go test the break {image} {image}
2nd chart is more likely I made the same scenario with Elliott waves and its similar to 2nd chart

cable at the moment targeting 1.2160 then maybe a bounce but for long-term we going to hell. 1.16 and below
  • #513,946
  • Mar 14, 2020 10:54pm Mar 14, 2020 10:54pm
gold and bitcoin have a liquidity problem, there connected to the repo market in all this ,people need the money

Quoting trumps
{quote} My mistake, you didn't say 100k this year. But, you also didn't say 25k this year. In January, you said "45k this year". Still holding? Hope it gets there for you
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #513,947
  • Edited Mar 15, 2020 6:23am Mar 14, 2020 11:17pm | Edited Mar 15, 2020 6:23am
difficult to get your head around exactly but much is happening at the same time ,for instance Trump's going to buy oil for reserves
unprecedented liquidity to the market last week ,they have to attempt to stop stock index fall, support high capitalised business in danger,
collateral banks etc hold is disappearing


http://www.marctomarket.com/2020/03/...g-serious.html
There is folklore among many investors that is preventing an understanding of what is happening. The fiction is that the Fed has killed the last three expansions by pursuing too tight of monetary policy. In fact, the previous three downturns were caused by financial crises (the S&L Crisis, the Tech Bubble, and the Great Financial Crisis) that spilled over and hit the real economy. If anything, policy was too accommodative for too long, and regulatory authority was too lax. This time it is a shock to the real economy that is threatening a financial crisis. The volatility has exploded and forcing margin calls, distressed liquidation, illiquid conditions in the biggest and deepest markets, like US Treasuries. Corporations are drawing down credit lines, which impacts banks' liquidity.

The Fed has already taken several steps to help minimize the systemic financial risks stemming from the real and anticipated economic shock. It delivered a 50 bp emergency rate cut, boosted the size of its repo operations, and introduced a new one-month term repo. As stocks were cratering on March 12, the Fed announced a $500 bln three-month repo operation (and more to come). It also signaled a resumption of QE by announcing it would buy government bonds across the curve matching the maturity profile of the outstanding marketable Treasury securities.

Ahead of the weekend, it conducted another $500 bln three-month operation and a $500 bln one-month repo. Similar operations are planned for the week ahead as well. However, the challenge with this approach is that it still requires the banks to participate and then to re-lend. Consider that beginning with the unexpected $500 bln three-month repo operation on March 12 and the same on another one on March 13 alongside a $500 bln made available in one-month repo operation, the banks drew less than 10% of the funding made available.

The Fed's work is not done. The playbook, as it were, says then when close to the zero-bound, it is essential to act swiftly and deliberately to be effective. The current fed funds target is 1.00%-1.25%. The market is pricing in a 100 bp cut by the FOMC next week that will bring the target range to the low of Great Financial crisis of 0.0-0.25%. Fed officials have debated the risks and rewards of negative interest rates, and they seem determined to respect the zero-bound.

Instead of selling oil out of the Strategic Petroleum Reserve as this year and next year's budget agreements require, Trump wants to take advantage of the steep decline to top up the reserves. This could be an indirect way to support US producers. Sounds interesting, even if a distraction from more urgent issues, but there is less than meets the eye. The SPR can hold about 715 mln barrels. It currently has about 635 mln barrels. There is scope to buy around 80 mln barrels or 225k barrels a day for the next year.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #513,948
  • Mar 15, 2020 3:40am Mar 15, 2020 3:40am
https://thenextweb.com/hardfork/2020...ils-to-hit-1m/
Lost....
  • #513,949
  • Mar 15, 2020 7:13am Mar 15, 2020 7:13am
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  • #513,950
  • Mar 15, 2020 8:55am Mar 15, 2020 8:55am
what shd one do after losing 70k USD in forex trading? Hey someone please tell me I am exhausted from everything that I have, since April 2018. It is not like that I have not won earlier, but since 2018, it is really ugly to an extent that now I don't have anything to survive, I put everything in the ocean of forex. I admit my mistake in the context of the discipline, risk management, and everything else we discuss in the textbook of forex. But I m finding it difficult now to manage myself emotionally. In fact, I have developed an unknown fear now and that is creeping me both emotionally and physically now. I started it in 2008, made good amount in 2011, 2013, 2015, late 2017, but disastrous in 2018(as I lost all of those) to till date and the most pathetic part was I did not even make it 4 digits in last 2 years. I used to be a guy of 5 digits right from 2008 to 2017. What shd i do now, please suggest me and show me way out of this predicament. I don't have even a job now. So fear and uncertainty are at an all-time high.

Thanks
  • #513,951
  • Mar 15, 2020 9:01am Mar 15, 2020 9:01am
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  • #513,952
  • Mar 15, 2020 2:48pm Mar 15, 2020 2:48pm
Quoting shivohum2015
what shd one do after losing 70k USD in forex trading? Hey someone please tell me I am exhausted from everything that I have, since April 2018. It is not like that I have not won earlier, but since 2018, it is really ugly to an extent that now I don't have anything to survive, I put everything in the ocean of forex. I admit my mistake in the context of the discipline, risk management, and everything else we discuss in the textbook of forex. But I m finding it difficult now to manage myself emotionally. In fact, I have developed an unknown fear now...

Stop trading.
analyse why you were able to win previously.
analyse why you loose now.
what has changed?
Don't trade till you can afford to loose it.
dont pressure yourself to win big.
win small again and again and again till it is a habit.
  • #513,953
  • Edited 4:36pm Mar 15, 2020 4:23pm | Edited 4:36pm
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The move follows several actions by the Fed over the past two weeks in which it enacted a 50 basis point emergency rate cut and expanded the overnight credit offering, or repo, for the financial system up to $1.5 trillion
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #513,954
  • Mar 15, 2020 4:59pm Mar 15, 2020 4:59pm
Quoting Vincent1
Maybe it's time to stop selling the Cable... Waiting for a consolidation
Confirmed after FED cut
  • #513,955
  • Mar 15, 2020 8:58pm Mar 15, 2020 8:58pm
Keep selling
the more you think it is not possible the more likely it will be
  • #513,956
  • Mar 15, 2020 9:29pm Mar 15, 2020 9:29pm
Time to collect power for more short
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  • #513,957
  • Mar 15, 2020 10:34pm Mar 15, 2020 10:34pm
Quoting shivohum2015
what shd one do after losing 70k USD in forex trading? Hey someone please tell me I am exhausted from everything that I have, since April 2018. It is not like that I have not won earlier, but since 2018, it is really ugly to an extent that now I don't have anything to survive, I put everything in the ocean of forex. I admit my mistake in the context of the discipline, risk management, and everything else we discuss in the textbook of forex. But I m finding it difficult now to manage myself emotionally. In fact, I have developed an unknown fear now...
so here goes, every problem there must be a way out, in the forex world there are 4 things that must be understood 1. strategy 2. money management 3. psychology 4. discipline if it's ready then just get ready to jump into the market
  • #513,958
  • Mar 15, 2020 11:44pm Mar 15, 2020 11:44pm
Quoting shivohum2015
what shd one do after losing 70k USD in forex trading? Hey someone please tell me I am exhausted from everything that I have, since April 2018. It is not like that I have not won earlier, but since 2018, it is really ugly to an extent that now I don't have anything to survive, I put everything in the ocean of forex. I admit my mistake in the context of the discipline, risk management, and everything else we discuss in the textbook of forex. But I m finding it difficult now to manage myself emotionally. In fact, I have developed an unknown fear now...
set a PAMM account with at least 10k and i'll trade it for you on a ration of 60 /40 , within a month you will be the happiest man on earth
  • #513,959
  • Edited 1:19am Mar 16, 2020 12:44am | Edited 1:19am
Quoting shivohum2015
what shd one do after losing 70k USD in forex trading? Hey someone please tell me I am exhausted from everything that I have, since April 2018. It is not like that I have not won earlier, but since 2018, it is really ugly to an extent that now I don't have anything to survive, I put everything in the ocean of forex. I admit my mistake in the context of the discipline, risk management, and everything else we discuss in the textbook of forex. But I m finding it difficult now to manage myself emotionally. In fact, I have developed an unknown fear now...
I don't have enough to say but take this little, have been in forex for over a decade, i mean up to 11 years without wining any single or week or month but just kept
loosing in all this i had no job, some told me to quit but i refuse, Family, friends said a lot to me that could knock a man but i refuse to quit because i knew
if i don't i will join the leagues of profitable/ traders someday and leave the rest of my life in Glory. There where days i was so down, i will cry myself to sleep but i will always find reason to encourage myself and continue, watch motivational videos and now i am profitable since late last year and already in thousands of dollars in profit.
So find out were you got it wrong, there is something your missing, it could be Strategy or money management or psychology or discipline or all of them, find it and when you will then you will be successful for life BUT TILL THEN DON'T QUIT, DON'T QUIT. DON'T QUIT
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THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #513,960
  • Mar 16, 2020 1:40am Mar 16, 2020 1:40am
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