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Cable Update (GBPUSD)

  • #513,981
  • Mar 16, 2020 5:10am Mar 16, 2020 5:10am
i sell 1.2285 target 1.2217

trade safe
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #513,982
  • Mar 16, 2020 5:12am Mar 16, 2020 5:12am
support and resistance market guide
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDMonthly.png Size: 25 KB
Compulsions can be hard to resist
  • #513,983
  • Mar 16, 2020 5:42am Mar 16, 2020 5:42am
buy stop: 1.23732
SL: 1.22998
TP: 1.24182
  • #513,984
  • Mar 16, 2020 5:46am Mar 16, 2020 5:46am
last week you could get a return on $ ,Us is behind the curve on infections ,
on purpose imo ,
testing held up on purpose ,I wonder do Americans really believe the stuff Trumps says now

He can't say the White House took it serious in time, direct spread of dis information from the highest level.

Quoting trumps
{quote} We just had our biggest stock market daily loss in history over here. This virus will impact so many economies. People getting out of the stock market and into cash. USD is the main recipient of flight to safety.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #513,985
  • Mar 16, 2020 5:57am Mar 16, 2020 5:57am
Hmm, look like GU will finishing the down trend, keep watching guys
Attached Image (click to enlarge)
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  • #513,986
  • Mar 16, 2020 5:59am Mar 16, 2020 5:59am
Quoting Bones
last week you could get a return on $ ,Us is behind the curve on infections , on purpose imo , testing held up on purpose ,I wonder do Americans really believe the stuff Trumps says now He can't say the White House took it serious in time, direct spread of dis information from the highest level. {quote}
When there is a crisis, people go to USD.
Just look at when the GFC hit stocks really hard DOWN in early 2008, and how the USD responded UP.
Sell shares and go to cash, USD being global reserve.

USD goes up in a risk off environment
Compulsions can be hard to resist
  • #513,987
  • Mar 16, 2020 6:06am Mar 16, 2020 6:06am
Looks like another ranging Monday..
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #513,988
  • Mar 16, 2020 6:07am Mar 16, 2020 6:07am
do you guys trade this week?
  • #513,989
  • Mar 16, 2020 6:11am Mar 16, 2020 6:11am
yea true use is considered safe haven ,not sure in this case but not cash ,money does not flow to cash like ever

Quoting trumps
{quote} When there is a crisis, people go to USD. Just look at when the GFC hit stocks really hard DOWN in early 2008, and how the USD responded UP. Sell shares and go to cash, USD being global reserve. USD goes up in a risk off environment
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #513,990
  • Mar 16, 2020 6:14am Mar 16, 2020 6:14am
banks etc buy grade high grade bonds ,it stays on their balance sheet ,they don't deal in just cash per say interbank
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #513,991
  • Mar 16, 2020 6:19am Mar 16, 2020 6:19am
what an exciting start of the week
  • #513,992
  • Mar 16, 2020 6:42am Mar 16, 2020 6:42am
Im not an expert but from research
this whole Fed move is about interbank and the repo market ,falling collateral & liquidity from the markets
Banks are in trouble, they can't allow a fail

They already started QE in a big way before the announcement
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #513,993
  • Mar 16, 2020 7:17am Mar 16, 2020 7:17am
Personally i think everyone should stop trading, this is a very serious situation and we are only exasperating the problems by selling, i have stopped and will not trade for the foreseable future.


Peoples health and the economic survival of our nations are more important than money.
Follow The Markets Structure - Patience and Discipline
  • #513,994
  • Mar 16, 2020 7:51am Mar 16, 2020 7:51am
soon we will see new low i think
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #513,995
  • Mar 16, 2020 7:53am Mar 16, 2020 7:53am
Quoting pipfarm
Personally i think everyone should stop trading, this is a very serious situation and we are only exasperating the problems by selling, i have stopped and will not trade for the foreseable future. Peoples health and the economic survival of our nations are more important than money.
hi pip //

there is something right in your words but when we have children and family to put food on the table and trading is your job its problem to quit..
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #513,996
  • Mar 16, 2020 7:55am Mar 16, 2020 7:55am
One last buy try from 1.2290 stop 1.2250
  • #513,997
  • Mar 16, 2020 8:10am Mar 16, 2020 8:10am
Quoting Almo2312
{quote} hi pip // there is something right in your words but when we have children and family to put food on the table and trading is your job its problem to quit..
agree with you mate..
also how about used the profits to help our country to fight covid-19..
just for a cup of coffee...
  • #513,998
  • Mar 16, 2020 8:13am Mar 16, 2020 8:13am
Quoting Almo2312
{quote} hi pip // there is something right in your words but when we have children and family to put food on the table and trading is your job its problem to quit..

Well all i can say is if you trade for a living and have not made enough money to survive for a few months until hopefully this all calms down , then your in the wrong business.


By continuously selling we are risking the financial collapse of our economies which will see even more people lose their jobs, so letz not be selfish and only think of ourselves

pip
Follow The Markets Structure - Patience and Discipline
  • #513,999
  • Mar 16, 2020 8:15am Mar 16, 2020 8:15am
Quoting akim0895
{quote} agree with you mate.. also how about used the profits to help our country to fight covid-19..
i will leave it to the realy heavy rich guys ..i helps but with my limitations..there are heavy guns richy rich folks that i think also put some to help

for groups but thats beyond my level each one who can help and donate as much he/she can its a bless

trade safe
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #514,000
  • Mar 16, 2020 8:20am Mar 16, 2020 8:20am
Quoting Almo2312
{quote} i will leave it to the realy heavy rich guys ..i helps but with my limitations..there are heavy guns richy rich folks that i think also put some to help for groups but thats beyond my level each one who can help and donate as much he/she can its a bless trade safe
small or big does not matter mate..
important we can give..
a penny or two but if all the citizen do it together so will have a lots too..
since weekend i bought a lots of face mask and give it for free to others..
especially poor people..
just for a cup of coffee...
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