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Cable Update (GBPUSD)

  • #490,361
  • Edited 1:49pm Aug 21, 2019 1:03pm | Edited 1:49pm
crook's false spike
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yes yes yes
  • #490,362
  • Aug 21, 2019 1:12pm Aug 21, 2019 1:12pm

  1. FOMC minutes show that the Fed is looking beyond QE measures.
  2. A couple of members calling for a 50 basis point cut.

GBPUSD has proven to be relatively stable on the release of the Federal Open MarketCommittee's minutes released at the turn of the hour. Indeed, a dovish set of FOMC minutes have been released with a couple of members calling for a 50 basis point cut to address low inflation, but most viewed the rate cut as a mid-cycle adjustment, which is what the markets had known. However, what is rather alarming is the Fed is contemplating more than just quantitative easing should there be signs of a pending recession.*

Source : https://www.fxstreet.com/news/gbp-us...s-201908211810

settlement above 98.30 will makes dx back to bull mode

Quoting sgkrishn
DX back again in track. W pattern {image}
on her way ....
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Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #490,363
  • Aug 21, 2019 2:20pm Aug 21, 2019 2:20pm
In my view the Fed has tried in many ways to make the dollar fall ... But the dollar is strong by itself.
  • #490,364
  • Aug 21, 2019 2:31pm Aug 21, 2019 2:31pm
I am watching how the market will react.
  • #490,365
  • Aug 21, 2019 2:35pm Aug 21, 2019 2:35pm
Quoting Marcieny
In my view the Fed has tried in many ways to make the dollar fall ... But the dollar is strong by itself.
true talk. Usdx has defiled all attempts to go lower, and perhaps other pairs havnt had good figures to make a strong move against the dollar.
  • #490,366
  • Edited 3:14pm Aug 21, 2019 2:49pm | Edited 3:14pm
LR channel update...
price went out of the H1 channel but has now returned.
H4 channel is still up, looks like rice could touch the bottom.
this would also break yesterdays low setting up shorts for tomorrows london open.
in theory.
Sell stop @ 2119
edit: took an earlier entry point @ 2126, trgt 29 pips
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in wondering about yourself, you forgot what you came here to be part of
  • #490,367
  • Aug 21, 2019 2:54pm Aug 21, 2019 2:54pm
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yes yes yes
  • #490,368
  • Aug 21, 2019 2:56pm Aug 21, 2019 2:56pm
Quoting knkie
LR channel update... price went out of the H1 channel but has now returned. H4 channel is still up, looks like rice could touch the bottom. this would also break yesterdays low setting up shorts for tomorrows london open. in theory. Sell stop @ 2119 {image}
What SL and TP do you recomend?
  • #490,369
  • Aug 21, 2019 2:56pm Aug 21, 2019 2:56pm
Quoting KlifeFx
{quote} true talk. Usdx has defiled all attempts to go lower, and perhaps other pairs havnt had good figures to make a strong move against the dollar.
other countries need to improve. Mine too.
  • #490,370
  • Aug 21, 2019 3:05pm Aug 21, 2019 3:05pm
In Brazil the past government stole a lot of money.... today many families are in extreme poverty and it will take a long time for the current government to correct these problems .. there are over 13 million unemployed in Brazil .... In government Dilma DXy went to R$ 4.20

I hope it gets better for everyone .. Argentina is worse than Brazil....
  • #490,371
  • Aug 21, 2019 3:09pm Aug 21, 2019 3:09pm
Quoting marcieny
{quote} other countries need to improve.https://cdn-resources.faireconomy.me....png?v=1.0.0.1 mine too.
hahahaha... I trust with ur experience in the fx mkt, u could move to become the president of ur central bank, then put ur countries currency on a flight.
  • #490,372
  • Aug 21, 2019 3:16pm Aug 21, 2019 3:16pm
Quoting KlifeFx
{quote} hahahaha... I trust with ur experience in the fx mkt, u could move to become the president of ur central bank, then put ur countries currency on a flight.

with bad Brazilian data just manipulating the mini dollar chart on the stock exchange.
  • #490,373
  • Aug 21, 2019 3:21pm Aug 21, 2019 3:21pm
Quoting Marcieny
In Brazil the past government stole a lot of money.... today many families are in extreme poverty and it will take a long time for the current government to correct these problems .. there are over 13 million unemployed in Brazil .... In government Dilma DXy went to R$ 4.20 I hope it gets better for everyone .. Argentina is worse than Brazil....
i still wonder why leaders of today will always exhibit animalistic behaviors when voted into office.. Am of the opinion for capital punishment for treasury looters as its happening in china
  • #490,374
  • Edited 3:43pm Aug 21, 2019 3:30pm | Edited 3:43pm
Quoting KlifeFx
{quote} i still wonder why leaders of today will always exhibit animalistic behaviors when voted into office.. Am of the opinion for capital punishment for treasury looters as its happening in china
Itīs good...Bad people need to pay for the crimes .. I hate previous government that was leftist .... ... But in Brazil it was the fault of the people who elected again ... Now We need change the Brazilian constitution with the new governement... Our laws defend more bandits than the citizen worker.
  • #490,375
  • Aug 21, 2019 3:46pm Aug 21, 2019 3:46pm
Quoting Marcieny
{quote} Itīs good...Bad people need to pay for the crimes .. I hate previous government that was leftist .... ... But in Brazil it was the fault of the people who elected ... We need to change the Brazilian constitution ... Our laws defend more bandits than the citizen worker.
u are very correct. U know, expecially in a democratic setting, where party system is d order of the day, politicians use this bandits to win elections and will also need them to cover their trail, both in d parliament and in the executive arm. So the question is who is to change the constitution? When the parliament party members n the executives are all bandit personified
  • #490,376
  • Aug 21, 2019 3:54pm Aug 21, 2019 3:54pm
Quoting KlifeFx
{quote} u are very correct. U know, expecially in a democratic setting, where party system is d order of the day, politicians use this bandits to win elections and will also need them to cover their trail, both in d parliament and in the executive arm. So the question is who is to change the constitution? When the parliament party members n the executives are all bandit personified
good remark ... well now we have an honest president trying to do that ... but he alone is nothing ... I hope he can do something.
  • #490,377
  • Aug 21, 2019 4:13pm Aug 21, 2019 4:13pm
Quoting Marcieny
{quote} good remark ... well now we have an honest president trying to do that ... but he alone is nothing ... I hope he can do something.
with a goodwill of dedication and support from good citizens, sure he will succeed. The world is sure gonna b a better place to live in. Extract - HEAL THE WORLD by Micheal Jackson
  • #490,378
  • Aug 21, 2019 4:23pm Aug 21, 2019 4:23pm
Quoting KlifeFx
{quote} with a goodwill of dedication and support from good citizens, sure he will succeed. The world is sure gonna b a better place to live in. Extract - HEAL THE WORLD by Micheal Jackson
I believe in a Whole new world.
  • #490,379
  • Aug 21, 2019 4:51pm Aug 21, 2019 4:51pm
I am bearish

all these arrows considered to be selling levels

current price is good for short but the safest one is 1.2240 levels
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  • #490,380
  • Aug 21, 2019 5:41pm Aug 21, 2019 5:41pm
Still in a bearish correction but with a very clear defined resistance level provided perfect place to get short. Yesterday close sat us right on res so with a good stop excellent RR to take a short and hold. It took all day to cut through and bounce around some small supports but i expect it to keep grinding lower. Weekly forecast from Algo Bot is still short with a short daily. I don't think the channel will break this week now so we just have to take what we a re given If we reach 1.2050 by friday then Bot did a good job again for this week.
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