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Cable Update (GBPUSD)

  • #585,641
  • Mar 23, 2021 7:33am Mar 23, 2021 7:33am
Quoting Sang.Real
GU Scalping long. Target YL Waiting for Powell Power in few hours. {image}
I am suspecting Powel won't shake the market today. What would he say that he hasn't said before?
  • #585,642
  • Mar 23, 2021 7:34am Mar 23, 2021 7:34am
Quoting Sang.Real
GU Scalping long. Target YL Waiting for Powell Power in few hours. {image}
I will close some of my long positions minutes before Powel speech!
  • #585,643
  • Mar 23, 2021 7:38am Mar 23, 2021 7:38am
Quoting Tunapar01
{quote} @Moty my friend, did you survive the drop without margin call?
yes , i was with normal lot size
now i am only with 20 pips down , at the lowest point i was 40 pips down
i started the week with 280 $ after i got to 500 , withdraw 300 and increased it on Friday .
in the last i am ranging between 150 to 250 .
now i am at 160 , and will be happy to close the day with 260 at least
yes yes yes
  • #585,644
  • Mar 23, 2021 7:38am Mar 23, 2021 7:38am
[quote=Benton;13465111]
Quoting Tunapar01
{quote} Your are right. DXY rising could be due to trade war with China. But when yield is dropping quickly, I think that DXY could not go too far. Look at DXY now. It starts dropping at the moment!
Exactly, market reacted accordingly especially AUD and NZD. Like you said, the surprise is over, dxy should fall now.
  • #585,645
  • Mar 23, 2021 7:41am Mar 23, 2021 7:41am
Quoting calebfx
{quote} Looks nice lol what's this called? I see rice so I'm guessing it's some kinda Asian dish?
  • #585,646
  • Mar 23, 2021 7:41am Mar 23, 2021 7:41am
Is what I expect, of course waiting for confirmation and reacting not predicting

sorry for the jumble, hopefully get the idea
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  • #585,647
  • Mar 23, 2021 7:54am Mar 23, 2021 7:54am
Quoting Tunapar01
{quote} I am suspecting Powel won't shake the market today. What would he say that he hasn't said before?
So far Powell's attitude towards rising yield is "do nothing". If he changes the attitude, or says something indicating that he would do something to curb the rising yield, he could shake the market. In this case, yield would drop sharply, DXY drops, GU goes to moon! If he doesn't say anything about yield, nothing would happen.

Therefore, if his speech has any impact, the impact can only be GU going up, not the other way!

Am I wrong?
  • #585,648
  • Mar 23, 2021 7:55am Mar 23, 2021 7:55am
nadcad - buy now tp 0.90538

nzdusd buy limit 0.7000 tp 0.72375

AUDCHF sell limit 0.71650 or sell now. TP 20 PIPS

sl 20 pips
  • #585,649
  • Mar 23, 2021 7:59am Mar 23, 2021 7:59am
Quoting Moty
{quote} yes , i was with normal lot size now i am only with 20 pips down , at the lowest point i was 40 pips down i started the week with 280 $ after i got to 500 , withdraw 300 and increased it on Friday . in the last i am ranging between 150 to 250 . now i am at 160 , and will be happy to close the day with 260 at least
Hey Moty,

Consider trading for a prop firm with 100K. IMO You have what it takes to be a prop trader. You can trade up to 500K. Just imagine. you make some 300-500 $ week with with 200 $ Capitol. How much can you make with 100K capitol. you may want to choose according to your trading style though. Give it a shot.

Cheers !
Fools Rushing
  • #585,650
  • Mar 23, 2021 8:03am Mar 23, 2021 8:03am
level to watch now
1.3810
if not UP this level.....DOWN WE GO

dolce vita
  • #585,651
  • Mar 23, 2021 8:05am Mar 23, 2021 8:05am
Quoting Benton
{quote} So far Powell's attitude towards rising yield is "do nothing". If he changes the attitude, or says something indicating that he would do something to curb the rising yield, he could shake the market. In this case, yield would drop sharply, DXY drops, GU goes to moon! If he doesn't say anything about yield, nothing would happen. Therefore, if his speech has any impact, the impact can only be GU going up, not the other way! Am I wrong?
So if we expect his attitude to continue, then yields should continue their strong uptrend, no ?

10y prices below
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  • #585,652
  • Mar 23, 2021 8:09am Mar 23, 2021 8:09am
1.3850 or 1.37 ?
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Fools Rushing
  • #585,653
  • Mar 23, 2021 8:15am Mar 23, 2021 8:15am
Quoting MTF Test
1.3850 or 1.37 ? {image} {image}
1.37 more likely now that Liu is around
  • #585,654
  • Mar 23, 2021 8:16am Mar 23, 2021 8:16am
GL
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  • #585,655
  • Mar 23, 2021 8:18am Mar 23, 2021 8:18am
is it good place to buy at 1.3770
  • #585,656
  • Mar 23, 2021 8:18am Mar 23, 2021 8:18am
Quoting MTF Test
1.3850 or 1.37 ? {image} {image}
137 could be possible as there seems to be major resistance to go beyond 138 currently. I suppose it’s a watch and see. Currently i think the pair have hit the rock and hard place. Bulls have been late to the party whilst the bears seem to have more strength. If Powell’s talk today doesn’t help decide it could play into ta be until the Asia session
Insane in the Brain..
  • #585,657
  • Mar 23, 2021 8:22am Mar 23, 2021 8:22am
Quoting BeeTogether
{quote} 137 could be possible as there seems to be major resistance to go beyond 138 currently. I suppose it’s a watch and see. Currently i think the pair have hit the rock and hard place. Bulls have been late to the party whilst the bears seem to have more strength. If Powell’s talk today doesn’t help decide it could play into ta be until the Asia session
How about your buy mate at 1.4**** area
  • #585,658
  • Mar 23, 2021 8:24am Mar 23, 2021 8:24am
Quoting mysterio
{quote} So if we expect his attitude to continue, then yields should continue their strong uptrend, no ? 10y prices below {image}
If his attitude remains the same, there is no surprise on the market. The yields may continue to strength in the future, but won't jump up at his speech, so there won't be a big impact on GU.

If his attitude changes, there will be a big impact on GU, because this is a surprise on market. GU would go up sharply!
  • #585,659
  • Mar 23, 2021 8:29am Mar 23, 2021 8:29am
Quoting Nd10
{quote} How about your buy mate at 1.4**** area
That trade was a big mistake. Got carried away with the money I made overnight. It’s still live but I’m ready to cut my losses on it if we get a spike towards 13930-60. I missed to 2-3 opportunities to stop it at 1.4 thinking we could see 141 again which clearly won’t happen anytime soon
Insane in the Brain..
  • #585,660
  • Mar 23, 2021 8:32am Mar 23, 2021 8:32am
You can't trust Powell ,and def not Yellen who is much worse.
So you know he's going to have a not worried attitude already.Yellen will be the driving force behind the next 3T package, she will be selling the we can borrow much more message.
The reaction in the markets is how to read/ how much they are believed.
You can't change the 10 Year ,end of the Q we can review it.
On-site guru & also FF member's' psychiatrist, when not drinking tea
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