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Cable Update (GBPUSD)

  • #596,121
  • May 19, 2021 12:06pm May 19, 2021 12:06pm
Quoting Theoak
{quote} Target Hit. Sl to BE run the rest has planned
"Let the winners ride"
I'm The Real Deal Quant-XR ,The Financial Hacker
  • #596,122
  • May 19, 2021 12:06pm May 19, 2021 12:06pm
Bears come on push more go below 1.41.......
Extreme gut feeling trader
  • #596,123
  • May 19, 2021 12:08pm May 19, 2021 12:08pm
this has not broke to downside ,
daily is right eu gu
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #596,124
  • May 19, 2021 12:10pm May 19, 2021 12:10pm
Quoting Moty
all out !!! done for today , 230 $ daily profit see you all tomorrow at Frankfurt open , i hope i will hold on to that and not enter before {image}
superb well done bro!
Insane in the Brain..
  • #596,125
  • May 19, 2021 12:11pm May 19, 2021 12:11pm
Quoting montygoldy
Bears come on push more go below 1.41.......
yes and a big below 141 is required to avoid any instant pull back
Insane in the Brain..
  • #596,126
  • May 19, 2021 12:20pm May 19, 2021 12:20pm
interest rates go up because the the market says the Fed is full of ? the market itself can crush anyone including those morons insulting our intelligence.
1.76 is line in sand where it could trigger up
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #596,127
  • May 19, 2021 12:28pm May 19, 2021 12:28pm
Quoting mysterio
Now, GU will retrace when DXY hits this level. This gives bears still sitting on the fence a good pullback to get short. https://www.tradingview.com/x/P7EF4uS3/
im expecting 90.30 before pullback. I do think we break 90.30 later in the day and go to 90.9-91 area however
  • #596,128
  • May 19, 2021 12:34pm May 19, 2021 12:34pm
Quoting Pretense
{quote} im expecting 90.30 before pullback. I do think we break 90.30 later in the day and go to 90.9-91 area however
Yes, agree 90.3 breaks at some point maybe tomorrow.
  • #596,129
  • May 19, 2021 12:36pm May 19, 2021 12:36pm
Quoting Bones
interest rates go up because the the market says the Fed is full of ? the market itself can crush anyone including those morons insulting our intelligence. 1.76 is line in sand where it could trigger up {image}
I fully agree, the market will crush those storytellers!
Emi
  • #596,130
  • May 19, 2021 1:27pm May 19, 2021 1:27pm
Quoting Sang.Real
{quote} GU Add few more scalp Maybe can reach target tonight. Keep tight and clean. Low risk entry, minimal drawdown. {image}

GU

Scalping position as it is.

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  • #596,131
  • May 19, 2021 1:32pm May 19, 2021 1:32pm
Quoting Sang.Real
{quote} GU Scalping position as it is. {image}
  • #596,132
  • May 19, 2021 1:33pm May 19, 2021 1:33pm
Quoting Pretense
{quote} im expecting 90.30 before pullback. I do think we break 90.30 later in the day and go to 90.9-91 area however
Possible scenario on the dixy .. Watch around 90

Area to watch on cable.. nothing set in stone
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  • #596,133
  • May 19, 2021 1:38pm May 19, 2021 1:38pm
Quoting Ziemowit
{quote}its insane how well you pick your level, keep going !

Not my skill, it is just a Newbie luck.

Most of the time I'm not this lucky anyway.

Sang Real.
  • #596,134
  • May 19, 2021 1:43pm May 19, 2021 1:43pm
Quoting Sang.Real
{quote} GU Scalping position as it is. {image}
When do you think to end this amazing scalp ? Great entries! I was sceptical about this drop but when I saw Thor’s hammer I knew there was nothing impossible. Especially in this thread
  • #596,135
  • May 19, 2021 1:52pm May 19, 2021 1:52pm
Quoting CashFarm666
{quote} When do you think to end this amazing scalp ? Great entries! I was sceptical about this drop but when I saw Thor’s hammer I knew there was nothing impossible. Especially in this thread
I think this spot is nice to land over this weekend.

There's a bump tomorrow, just watch out

If we get lucky to continue scalping tomorrow.

Sang Real

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  • #596,136
  • Edited May 20, 2021 11:30am May 19, 2021 1:53pm | Edited May 20, 2021 11:30am
Quoting Nordling00
This is a great opportunity to buy, sellers. Be careful.
I didn't have time to elaborate on that and i just had time to take an eye at FOMC Minutes. And it says:

"...the Board of Governors voted unanimously to leave the interest rates on required and excess reserve balances at 0.10 percent. The Board of Governors also voted unanimously to approve establishment of the primary credit rate at the existing level of 0.25 percent, effective April 29, 2021."

So USD will continue losing it's value. And the down move in GBP/USD today is nothing but a pullback. Just like last week's CPI data. That's why Forex is tricky, market moves in waves, just like the ocean. Nothing moves up or down directly. It builds up in time. We will always have pullbacks in a trending market. That's what tricks people to sell in a bullish market, giving false signals to convince them that we are in a turning point. Or vice versa.

Some folks here told me last week "high cpi is bullish" and they got their answer in the following days. It's the same story today.
You have to have an IQ higher than 90 to interact with this user.
  • #596,137
  • May 19, 2021 2:04pm May 19, 2021 2:04pm
Quoting Sang.Real
{quote} I think this spot is nice to land over this weekend. There's a bump tomorrow, just watch out If we get lucky to continue scalping tomorrow. Sang Real {image}
I wish you good luck with the soft landing. I will call it a day at 41130 and try myself with USDCAD after this FOMC.
  • #596,138
  • May 19, 2021 2:10pm May 19, 2021 2:10pm
Quoting Nordling00
{quote} I didn't have time to elaborate on that and i just had time to take an eye at FOMC Minutes. And it says: "...the Board of Governors voted unanimously to leave the interest rates on required and excess reserve balances at 0.10 percent. The Board of Governors also voted unanimously to approve establishment of the primary credit rate at the existing level of 0.25 percent, effective April 29, 2021." So USD will continue losing it's value. And the down move in GBP/USD today is nothing but a pullback. Just like last week's CPI data. That's why...
I can't disagree with what you said but most on here are day traders so can turn on a dime. Pullbacks can last a while. We're in an extremely strong buying level on the dollar that has held for 6 years so why miss the opportunity to grab potentially 100s of pips on the cable down move? We'll buy again when the time is right but it's not now IMHO.
  • #596,139
  • May 19, 2021 2:10pm May 19, 2021 2:10pm
Quoting Nordling00
{quote} I didn't have time to elaborate on that and i just had time to take an eye at FOMC Minutes. And it says: "...the Board of Governors voted unanimously to leave the interest rates on required and excess reserve balances at 0.10 percent. The Board of Governors also voted unanimously to approve establishment of the primary credit rate at the existing level of 0.25 percent, effective April 29, 2021." So USD will continue losing it's value. And the down move in GBP/USD today is nothing but a pullback. Just like last week's CPI data. That's why...
I have TP at 1.4290
My observation may be wrong but intent correct. Stay calm!
  • #596,140
  • May 19, 2021 2:18pm May 19, 2021 2:18pm
Support zone below
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Compulsions can be hard to resist
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