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Cable Update (GBPUSD)

  • #595,021
  • May 14, 2021 3:40am May 14, 2021 3:40am
I'd love to short it here but doesn't fulfil my criteria for a strong scalp trade... Freitag so don't want to enter unless i'm sure

Cable is not moving up despite dxy crashing, this implies to me that cable is being held down at these levels.

Still, I think very good RR, Tight SL and could aim for 1.40 still, IMO.

Edit-my hesitation cost me pips

https://www.tradingview.com/x/WfPAVpjC/
  • #595,022
  • May 14, 2021 3:41am May 14, 2021 3:41am
Attached Image (click to enlarge)
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yes yes yes
  • #595,023
  • May 14, 2021 3:43am May 14, 2021 3:43am
Quoting MTF Test
{quote} I am with moty today. Can this be the beginning ?????? {image}
Or could it be the end ?
Precise Execution!
  • #595,024
  • May 14, 2021 3:43am May 14, 2021 3:43am
Could be both actually, lets anticipate.
Precise Execution!
  • #595,025
  • May 14, 2021 3:47am May 14, 2021 3:47am
Quoting varun76
{quote} Or could it be the end ?
looool...hahahah , this was a good one...i will write it down
I'm The Real Deal Quant-XR ,The Financial Hacker
  • #595,026
  • May 14, 2021 3:47am May 14, 2021 3:47am
Quoting Bones
{quote} don't take my word for it, people have to study it to know no one, including the government, can borrow for less than those auctions at different time periods , You want to borrow over ten years thats the cost set by the market . https://www.investopedia.com/articles/03/122203.asp {image} {image}
In a normal situation, if the stock market goes down, the bond market goes up....so lower rates....
Will it work now?
Looks like stock markets are going to retrace at the moment
  • #595,027
  • May 14, 2021 3:49am May 14, 2021 3:49am
Quoting Bones
two things limit fed printing Debt & Confidence It's not unlimited at all ,97% of all money is created by loaning it into existence including QE. The government have to keep up payments like anyone, this is where MMT is flawed. {image}
... 'payments' is right -as opposed to- 'repayments, because as we know they like us and many others (in fact most) don't actually repay debt, it just gets rolled over on maturity, and in the meantime serviced by interest payments. Pre so-called 'MMT' and inherent to MMT is the belief that as long as increased debt leads to increased GDP and by extension increased govt income then growing debt can continue to be serviced by growing govt income at the same/similar proportion of it. It's a shitshow that won't end well, that much is clear.
Trader with an Edge.
  • #595,028
  • May 14, 2021 3:52am May 14, 2021 3:52am
Quoting varun76
Could be both actually, lets anticipate.
Welcome to Money market ! Life of uncertainty. No one knows where price will go next.
Fools Rushing
  • #595,029
  • May 14, 2021 4:03am May 14, 2021 4:03am

Will we get to 1.39824 today...?
WT
  • #595,030
  • May 14, 2021 4:04am May 14, 2021 4:04am
Quoting MTF Test
{quote} Welcome to Money market ! Life of uncertainty. No one knows where price will go next.
Been around for ages now, Uncertainty is not an option for me but for many, for me only logical reasoning and common sense works, Good enough to juggle few mil !!
Precise Execution!
  • #595,031
  • May 14, 2021 4:05am May 14, 2021 4:05am
Uncertainty won't lead me where I want to reach.
Precise Execution!
  • #595,032
  • May 14, 2021 4:07am May 14, 2021 4:07am
Quoting varun76
{quote} Been around for ages now, Uncertainty is not an option for me but for many, for me only logical reasoning and common sense works, Good enough to juggle few mil !!
Nice. Good for you mate !
Fools Rushing
  • #595,033
  • May 14, 2021 4:08am May 14, 2021 4:08am
... 2hrs + now in this area between that res zone and rbs zone...1hr below.

B/o required either way!
Attached Image (click to enlarge)
Click to Enlarge Name: cff678664c9eb83786d63e9099c82fbb.png Size: 46 KB
Trader with an Edge.
  • #595,034
  • May 14, 2021 4:08am May 14, 2021 4:08am
Quoting MTF Test
{quote} Nice. Good for you mate !
Nah Just got lucky !
Precise Execution!
  • #595,035
  • May 14, 2021 4:12am May 14, 2021 4:12am
I believe we all have an hour approx to be firm with our Bias. I'll choose bull all in
Precise Execution!
  • #595,036
  • May 14, 2021 4:16am May 14, 2021 4:16am
Quoting Headland
... 2hrs + now in this area between that res zone and rbs zone...1hr below. B/o required either way! {image}
Where do you see it going Mr H ?

Too uncertain no positions for me just my AM scalp. If it breaks above 1.4080 then i'm not feeling the short. Bias is short whilst those highs today remain intact.
  • #595,037
  • May 14, 2021 4:19am May 14, 2021 4:19am
Defo the Bulls a stirring. I want confirmation on the higher timeframe before committing
Don't trade what you think. Just what you see!!!
  • #595,038
  • May 14, 2021 4:21am May 14, 2021 4:21am
closed gold +37
added buy cable, but ready to close even with loss
not that I like staying again in 10 pips range ( for hours !!? )
Attached Image (click to enlarge)
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dolce vita
  • #595,039
  • May 14, 2021 4:22am May 14, 2021 4:22am
Quoting mysterio
{quote} Where do you see it going Mr H ? Too uncertain no positions for me just my AM scalp. If it breaks above 1.4080 then i'm not feeling the short. Bias is short whilst those highs today remain intact.
Well, I like you and everyone else have no idea. Technicals are somewhat unclear on the 'significant' t/f's...There has been an upside break of the 1hr triangle/pennant earlier suggesting more upside but thur's hi remains intact (for now.) Conversely the only real uptrend is the weekly uptrend (per fractal analysis) although daily has shown recent signs of strength off the weekly pullback lo of 3669 (no HH yet on that t/f though.)
Trader with an Edge.
  • #595,040
  • May 14, 2021 4:24am May 14, 2021 4:24am
Quoting varun76
I believe we all have an hour approx to be firm with our Bias. I'll choose bull all in
Considering the fact that Daily is printed with strong bearish formation along with analytical judgement to some of key fundamentals i would be Bearish and i expect some of the possibilities will become reality as per the given chart.

Cheers !
Attached Image (click to enlarge)
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Fools Rushing
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