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Cable Update (GBPUSD)

  • #513,021
  • Mar 2, 2020 6:01pm Mar 2, 2020 6:01pm
Maybe the FED cut rate 50 bp on march
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  • #513,022
  • Mar 2, 2020 8:09pm Mar 2, 2020 8:09pm
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #513,023
  • Mar 2, 2020 10:48pm Mar 2, 2020 10:48pm
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yes yes yes
  • #513,024
  • Mar 3, 2020 12:06am Mar 3, 2020 12:06am
Quoting Bones
https://www.youtube.com/watch?v=O7zFoNW8Dqc {image}
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  • #513,025
  • Mar 3, 2020 12:16am Mar 3, 2020 12:16am
Meanwhile, they're not talking about the CDC fact about the 32 million flu cases and 18,000 deaths in 2019-2020....
https://www.cdc.gov/flu/weekly/index.htm

This whole corona thing is a HOAX.

BTW, TP at 1.2780 for 30 pips.
Lost....
  • #513,026
  • Mar 3, 2020 1:28am Mar 3, 2020 1:28am
I think the news will be bad to GBP

on the chart I can see a triangle with abcde formation indicate we are in somehow wave 4 and one more push down in wave 5 will happen

also we have a bearish divergence on 1h chart

so I expect we go below 1.2700 in few hours
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  • #513,027
  • Mar 3, 2020 1:36am Mar 3, 2020 1:36am
Hi All in my view any lower is perfect for today price will touch 29 according to my analysis - take care guys if i am wrong please correct me
To Win You Must Loss Something ...
  • #513,028
  • Mar 3, 2020 1:37am Mar 3, 2020 1:37am
x that number by 10 at least ,on same spread
flu has a 0.1 death rate this 2%

Quoting gespiri
Meanwhile, they're not talking about the CDC fact about the 32 million flu cases and 18,000 deaths in 2019-2020.... https://www.cdc.gov/flu/weekly/index.htm This whole corona thing is a HOAX. BTW, TP at 1.2780 for 30 pips.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #513,029
  • Mar 3, 2020 2:00am Mar 3, 2020 2:00am
markets betting on early fed action imo ,this is major level
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #513,030
  • Mar 3, 2020 2:07am Mar 3, 2020 2:07am
I try long 1.2805 lets see 50/50 tp/sl
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #513,031
  • Mar 3, 2020 2:08am Mar 3, 2020 2:08am
Quoting Bones
x that number by 10 at least ,on same spread flu has a 0.1 death rate this 2% {quote}
90937 infected
3117 dead
fatality == 3.4%

this is a very good dashboard:
https://gisanddata.maps.arcgis.com/a...23467b48e9ecf6

your fatality risk depends on your age.
80+ years old 14.8%
70-79 years old 8.0%
60-69 years old 3.6%
50-59 years old 1.3%
Under 50 is pretty safe.
in wondering about yourself, you forgot what you came here to be part of
  • #513,032
  • Mar 3, 2020 2:08am Mar 3, 2020 2:08am
Daily close below 2768 support low and trend reversed, 4H in correction, will short if hourly starts to trend down, the last 4H swing did not trend down hence the sideways action yesterday, maybe this new 4H swing will do the job.

2585 still on the table
Follow The Markets Structure - Patience and Discipline
  • #513,033
  • Mar 3, 2020 2:13am Mar 3, 2020 2:13am
Quoting pipfarm
Daily close below 2768 support low and trend reversed, 4H in correction, will short if hourly starts to trend down, the last 4H swing did not trend down hence the sideways action yesterday, maybe this new 4H swing will do the job.
take care guys if this 4 close be down its fake price is gone jump above 29 today or tomorrow or in jus some hours - trade safe
there is no more room down until no new high - as i think 1.27 is the prefect place for buy if the price get there
To Win You Must Loss Something ...
  • #513,034
  • Mar 3, 2020 2:16am Mar 3, 2020 2:16am
Quoting Bones
markets betting on early fed action imo ,this is major level
cut or raise or not do anything can u tell us the effect if its bullish or bearish on usd. I don't understand these things hehehe
  • #513,035
  • Mar 3, 2020 2:19am Mar 3, 2020 2:19am
Quoting Samirmirzad
{quote} take care guys if this 4 close be down its fake price is gone jump above 29 today or tomorrow or in jus some hours - trade safe there is no more room down until no new high - as i think 1.27 is the prefect place for buy if the price get there
What is the basis for what your saying or is that what you want to happen or a crystal ball prediction?

Im only going by price action , the intraday daily trend has been reversed ,4h in correction , if hourly trends down then we go down lower, no predictions no crystal ball analysis.

Logic

The word is IF ,, i always say IF as i am not arrogant enough to make predictions

1.29 is resistance but i see nothing on the chart that is saying it will go there , its not to say it will not so do not come back and tell me i told you so if it does based on your crystal ball.
Follow The Markets Structure - Patience and Discipline
  • #513,036
  • Mar 3, 2020 2:26am Mar 3, 2020 2:26am
Quoting msniper
I think the news will be bad to GBP on the chart I can see a triangle with abcde formation indicate we are in somehow wave 4 and one more push down in wave 5 will happen also we have a bearish divergence on 1h chart so I expect we go below 1.2700 in few hours {image}
This has been their MO before a big news comes out.
If this spikes up from here, I will sell 15 seconds before the news at 1030 with a SL -10. We'll wait and see.
Lost....
  • #513,037
  • Mar 3, 2020 2:29am Mar 3, 2020 2:29am
Quoting Almo2312
I try long 1.2805 lets see 50/50 tp/sl
closed -20 and wait for now..
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #513,038
  • Mar 3, 2020 2:36am Mar 3, 2020 2:36am
i sell 1.2775 tp/sl 70/70
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #513,039
  • Mar 3, 2020 2:46am Mar 3, 2020 2:46am
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yes yes yes
  • #513,040
  • Mar 3, 2020 2:59am Mar 3, 2020 2:59am
Quoting Moty
{image}
whats the technical reason u expect it to go up ?
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