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Cable Update (GBPUSD)

  • #514,281
  • Mar 18, 2020 10:50am Mar 18, 2020 10:50am
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yes yes yes
  • #514,282
  • Mar 18, 2020 10:53am Mar 18, 2020 10:53am
I'm waiting 1.10 or 1.08.. dxy safe for while
  • #514,283
  • Mar 18, 2020 10:59am Mar 18, 2020 10:59am
The fall in the Pound is exactly since the budget:

"The Tory finance chief turned the spending taps to ‘gushing’ as he laid out what experts called the biggest giveaway Budget since 1992.

There are some restrictions on entrepreneurs and a tax hike on EU nationals.

But mostly it’ll be funded by an explosion in borrowing - the exact thing the Tories slammed Labour for doing during the 2008 financial crisis.

With all those big picture measures, and the fear of the COVID-19 virus, it’s easy to miss the small print of the 125-page Budget document and how it will hit you."

From the Daily Mirror, UK
Gone to a better place
  • #514,284
  • Mar 18, 2020 11:06am Mar 18, 2020 11:06am
Be aware of a killing volatility..

Trade safe
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #514,285
  • Mar 18, 2020 11:07am Mar 18, 2020 11:07am
Quoting elbert3
I am actually feeling guilty selling

Me too son. I practically doubled my account today with a high lot size....would not be doing that any time soon.
when you can accurately predict the future, you leave nothing to chance.
  • #514,286
  • Mar 18, 2020 11:07am Mar 18, 2020 11:07am
Quoting Wavegarrick
Hi Guys, Was actively involved in this thread until certain individuals dissuaded me. I am looking good long term with 4440 pips but will post if there is some sort of reversal. All the best. Cheers. {image}

You don't need to wait for a reversal. I see a definite down trend, Maybe a new entry on the downtrend will work just as well. Just a thought I'm not a licensed pro.
  • #514,287
  • Mar 18, 2020 11:10am Mar 18, 2020 11:10am
Quoting Moty
{image}{image}
Hello.
why show two arrows going in opposite direction?

Quoting smikester
The fall in the Pound is exactly since the budget: "The Tory finance chief turned the spending taps to ‘gushing’ as he laid out what experts called the biggest giveaway Budget since 1992. There are some restrictions on entrepreneurs and a tax hike on EU nationals. But mostly it’ll be funded by an explosion in borrowing - the exact thing the Tories slammed Labour for doing during the 2008 financial crisis. With all those big picture measures, and the fear of the COVID-19 virus, it’s easy to miss the small print of the 125-page Budget document and...
If GU heads towards low by Friday close maybe a 300 pip gap downward
Threesome Daddy
  • #514,288
  • Mar 18, 2020 11:39am Mar 18, 2020 11:39am
Quoting Cranium
{quote} You don't need to wait for a reversal. I see a definite down trend, Maybe a new entry on the downtrend will work just as well. Just a thought I'm not a licensed pro.
wavegarick is on e of the top traders on FF.
its wise to listen to him.
in wondering about yourself, you forgot what you came here to be part of
  • #514,289
  • Mar 18, 2020 11:43am Mar 18, 2020 11:43am
I just went out and came back.

what a drop today!!

world is crashing down ??
Intraday only.
  • #514,290
  • Mar 18, 2020 11:45am Mar 18, 2020 11:45am
Attached Image (click to enlarge)
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Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #514,291
  • Mar 18, 2020 11:54am Mar 18, 2020 11:54am
looking at M5 it might be turning.
still downward pressure though.
If it turns, just for scalps
Inserted Video
in wondering about yourself, you forgot what you came here to be part of
  • #514,292
  • Mar 18, 2020 11:56am Mar 18, 2020 11:56am
Its going to be a bloodbath when this market eventually reverse .
Patience.....
  • #514,293
  • Mar 18, 2020 12:09pm Mar 18, 2020 12:09pm
Quoting knkie
looking at M5 it might be turning. still downward pressure though. If it turns, just for scalps https://www.youtube.com/watch?v=W4ga_M5Zdn4
but not yet i guess

SELL 1561
M1

edit: bad trade. Dumped it -2
in wondering about yourself, you forgot what you came here to be part of
  • #514,294
  • Mar 18, 2020 12:13pm Mar 18, 2020 12:13pm
Quoting trumps
{quote} All flights to 1.32 have been cancelled amid the Corona Virus pandemic. Please wait until flight no. 118 arrives before considering any bookings north. Cable Airways - looking to serve you better...
All flights north have been cancelled due to the pandemic.
flights 1180 and 1166 have been diverted south.
Destination include:
1.122
1.119
1.081
1.051
1.021

Cable Airways - looking to serve you better
Compulsions can be hard to resist
  • #514,295
  • Mar 18, 2020 12:19pm Mar 18, 2020 12:19pm
Quoting Fredo219
Its going to be a bloodbath when this market eventually reverse .

when is it going to happen, you wake up in the morning you sell and you get paid.
Keep the Lights on then you can catch the rise from the dark.
  • #514,296
  • Mar 18, 2020 1:14pm Mar 18, 2020 1:14pm
Quoting knkie
{quote} but not yet i guess SELL 1561 M1 edit: bad trade. Dumped it -2
It looks like it failed on the breakout so up to the top off the line. 1.. it might show a bigger fall back to the bottom and break that .2. We start a new tl on the bottle could go 170
  • #514,297
  • Mar 18, 2020 1:20pm Mar 18, 2020 1:20pm
gbp w1 possible target ... -
Attached Image (click to enlarge)
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For trading I use - SNF-Complex ... TESTED on DATA from 1970 .............
  • #514,298
  • Mar 18, 2020 1:23pm Mar 18, 2020 1:23pm
Quoting ricmaj
{quote} when is it going to happen, you wake up in the morning you sell and you get paid.
I agree with you. Following the trend is more profitable.
I was referring to the late comers.
Patience.....
  • #514,299
  • Mar 18, 2020 1:58pm Mar 18, 2020 1:58pm
Quoting elbert3
{quote} You getting the same bug as KPMG lol
Just saw this

I'll take it as compliment
Beware of robber banks (RB), bad advisors.
  • #514,300
  • Mar 18, 2020 2:07pm Mar 18, 2020 2:07pm
Quoting Not-KPMG
{quote}
The 1.32 one?

Pal You need to extend the chart south to show 1.10 area.

I have 1.15 and 1.09 target.
I remember I said this just days ago....

Wonder my friend Onlinus.... is he long

Expect some cheers (from us short 25% crowd)
Beware of robber banks (RB), bad advisors.
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