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Cable Update (GBPUSD)

  • #581,601
  • Mar 2, 2021 2:00pm Mar 2, 2021 2:00pm
Quoting coolmakina
{quote} close +13 and close the day. why? My M5 smile said RDH was rejected. {image} {image}
Nice scalp Well done
  • #581,602
  • Mar 2, 2021 2:10pm Mar 2, 2021 2:10pm
Hello guys,

I have attached an image to this post.

Could this be a double bottom pattern developing on the 4 hour GBPUSD chart?

Let’s see how it goes.
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  • #581,603
  • Mar 2, 2021 2:29pm Mar 2, 2021 2:29pm
i exit from the stupid "try to catch retracement " trades.
took long to the main targets
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yes yes yes
  • #581,604
  • Mar 2, 2021 2:40pm Mar 2, 2021 2:40pm
Quoting Moty
i exit from the stupid "try to catch retracement " trades. took long to the main targets{image}{image}{image}{image}
i always do this shit .
after i catch nice move , and take profit .
i enter a counter trade because i think that it got to correct.
even if i am sure that there is a strong trend against me .
i do this , instead of waiting for the set up , on the right direction .
so now i have no room to think ,i am long to the upper daily band
yes yes yes
  • #581,605
  • Mar 2, 2021 2:48pm Mar 2, 2021 2:48pm
Quoting helioss
Also Strength Momentum is at favour of Bulls on Weekly & Daily view {image}
Evening news is that Sunak will have something up his sleeve. Lots of fiscal stimulus, vaccines successful in decreasing deaths by 80%. Brazilian variant cornered to 114 houses. Economy expected to book 2nd quarter, hole plugged until then.
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A for accordance B for bank.
  • #581,606
  • Mar 2, 2021 3:41pm Mar 2, 2021 3:41pm
Quoting helioss
{quote} Here is more simple: Bulls Activity (blue circle) & Bears Activity (red circle)....... Bulls volume are stronger {image}
Can't argue with you that, my friend.
i previous said that price might head to 1.3976 because there was no selling pressure. (same as say bulls were stronger).
but i also noted, that bears were gaining terrain, either bulls were losing steam, bears gaining power or are usual, we were entering in lower volatile period of the day.
Stay cool.
If you don't know how to earn money, don't loose it.
  • #581,607
  • Mar 2, 2021 3:44pm Mar 2, 2021 3:44pm
Quoting Olabanji-Tex
Hello guys, I have attached an image to this post. Could this be a double bottom pattern developing on the 4 hour GBPUSD chart? Let’s see how it goes. {image}
imo is a lower low, not a double bottom.
If you don't know how to earn money, don't loose it.
  • #581,608
  • Mar 2, 2021 4:05pm Mar 2, 2021 4:05pm
Quoting coolmakina
{quote} Can't argue with you that, my friend. i previous said that price might head to 1.3976 because there was no selling pressure. (same as say bulls were stronger). but i also noted, that bears were gaining terrain, either bulls were losing steam, bears gaining power or are usual, we were entering in lower volatile period of the day. Stay cool.
I guess, Sunak yet to disclose how the middle class will fare. We're all supposed to be watching the HPI.
A for accordance B for bank.
  • #581,609
  • Mar 2, 2021 4:16pm Mar 2, 2021 4:16pm
Good trading day after the London open. Only winning trades.
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  • #581,610
  • Mar 2, 2021 4:57pm Mar 2, 2021 4:57pm
Quoting Sevenseven
{quote} I guess, Sunak yet to disclose how the middle class will fare. We're all supposed to be watching the HPI.
However, the trend is your friend and there will be A LOT of stimulus. I'm still optimistic. Even if it is at the top, a massive rally like this won't just reverse without some volatility. I'd say definitely bullish tomorrow.
A for accordance B for bank.
  • #581,611
  • Mar 2, 2021 5:40pm Mar 2, 2021 5:40pm
5m price action is kinda hinting at one last push up before a big push down. If so then maybe dixie goes to 0.5. This would fit in with the 4h W pattern on cable. See where its at in the morning, shorting higher isn't a problem
  • #581,612
  • Mar 2, 2021 5:51pm Mar 2, 2021 5:51pm
Quoting Hutch
Good trading day after the London open. Only winning trades. {image}
hi bro.
dou you use moving to dertermine master direction
wha is ur box size
  • #581,613
  • Mar 2, 2021 6:21pm Mar 2, 2021 6:21pm
Quoting fendi
{quote} If you want to trade successfully, use the bigger time frames, while you get your entries through the smaller time frames. Open your chart. Get the trend from monthly, get the immediate trend from daily and 4hrs, if it comforms with the larger trend you get long entries else what you get are retracement. You could ride 200-500pips with ease. Have you noticed my accounts forwarded are from a mobile phone. I trade using anything even mobile phone. 4hrs is powerful, 1hr you pick your daily entry. If you try this you would notice there's always...
Marked
  • #581,614
  • Mar 2, 2021 6:33pm Mar 2, 2021 6:33pm
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Like me, cuts losses quickly. But has more patience and lets his winn
  • #581,615
  • Edited Mar 3, 2021 4:27pm Mar 2, 2021 6:45pm | Edited Mar 3, 2021 4:27pm
Quoting trumps
{quote} Yep, I got the inflation bit. From what I understand, after the GFC,the banks were paid a nominal interest rate to park some of their borrowed money with the Fed to help control money flow (credit) within the economy and contain inflation, in the face of massive money printing.
QE is in the financial economy as the drawing your quoting or below is another way of looking at the same thing .The only way to get money out of real economy is to tax it out or pay debt.People saving it can park it.
The two systems are closed in a nutshell=money then paper money.
Theres no mechanism for a bank to remove it.We deal with domestic banks, on the financial side its commercial banks=they deal with the FED.
*Obviously the Government have new money they spend normally{other than stimulus} which would usually be tax revenue.
To pay down debt { 145% to GDP its going up } by the Government you spend less or tax more thats why that debt to GDP is so scary to ever pay off the higher it goes, with fiat money.You can't afford to start adding interest to the debt when its that high.
You can inflate the debt to nothing I guess in a very long term.

If you think interest rates should be over inflation then thats not a great answer.BTW,There not and thats the problem right now, thats bound to get much worse.

10percent-gdp-growth-the-us-economy-is-on-fire-and-is-about-to-get-stoked-even-more.html

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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #581,616
  • Mar 2, 2021 6:52pm Mar 2, 2021 6:52pm
Budget Expectations Update
The FT just came out with a new report suggesting that UK Finance Minister Rishi Sunak is set to extend a vast package of Covid-19 support until the end of September, which, as the articles says, Sunak hopes will nurse the UK economy back to economic health by the autumn. Note that prior to this FT article, markets had been expecting Covid-19 support (i.e. the furlough scheme aimed at keeping employees in their jobs and the £20 per week enhancement to universal credit payments) to be extended until June. Reportedly, the Sunak wants to avoid a “jobs cliff-edge” that removing the furlough scheme too soon might cause.
As a reminder, as reported by UK press over the weekend, the budget is set to contain three distinct “phases”. Phase One is mainly about ongoing Covid-19 support schemes, which are set to be extended to June (furlough, business rates relief and VAT reductions, stamp duty holiday and “bounce back loans”). Phase Two is going to be about some fiscal injection to accelerate the post-Covid-19 recovery (£5B “restart” fund for giving small business grants, a £22B national infrastructure bank and aid for first-time homebuyers). Phase Three is going to be about paying for everything and is likely to entail freezing income tax rates and a modest increase to corporation tax. UK press, citing leaked excerpts of Sunak’s speech, expects the UK Finance Minister to say that “once we are on the way to recovery, we will need to begin fixing the public finances and I want to be honest today about our plans to do that”.
Like me, cuts losses quickly. But has more patience and lets his winn
  • #581,617
  • Mar 2, 2021 6:56pm Mar 2, 2021 6:56pm
Anything up to 100% GDP some very hard choice lay in wait.
As I understand it NO FIAT money has ever returned from 145% debt to GDP ,

The US is the reserve currency maybe that helps.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #581,618
  • Mar 2, 2021 7:00pm Mar 2, 2021 7:00pm
if its a large US debt
Like me, cuts losses quickly. But has more patience and lets his winn
  • #581,619
  • Mar 2, 2021 7:09pm Mar 2, 2021 7:09pm
https://news.sky.com/video/covid-19-...ng-up-12233870
on sky just then
check out how cheap they make this debt
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #581,620
  • Mar 2, 2021 7:20pm Mar 2, 2021 7:20pm
my technical say, long is ready...
Like me, cuts losses quickly. But has more patience and lets his winn
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