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Cable Update (GBPUSD)

  • #653,381
  • Mar 8, 2022 1:01pm Mar 8, 2022 1:01pm
Quoting Vincent1
{quote} Unconfirmed Shooting Star yesterday, then the market slowed, it makes no sense a low volume entry Today we have a false break and a good structure on the M5. Bulls lost momentum So, let's try again {image}
Quoting Vincent1
{quote} Update about the trade posted in real time {image} The low volume in August is not the best for trading high TFs Anyway I see possible bearish pattern on USA500 (in area 4455/4465) and bonds yeld 10 (target under 0.80) and 30 (target under 1.41) years {image}{image}{image} If they are correct, we may see a strong USD, so Cable in downtrend I don't know if all is connected with Afghanistan, or better about FED and inflation...I may be wrong of course, ready to close the positions in profit if I see an uptrend coming on GBPUSD. At the moment...
Update
Finally almost there....

Attached Image (click to enlarge)
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  • #653,382
  • Mar 8, 2022 1:01pm Mar 8, 2022 1:01pm
UK chancelor preparing tax cuts to help households. Infliation could rise to 7% in May...BOE will step in?
Petrol in London £1.50 - £1.60/litre, year ago less then £1.20/litre.

https://www.ft.com/content/e7daa9b4-...f-8dec5612f538
  • #653,383
  • Mar 8, 2022 1:03pm Mar 8, 2022 1:03pm
Quoting Jolita
Happy International Womens Day
Happy International Womens Day
  • #653,384
  • Mar 8, 2022 1:04pm Mar 8, 2022 1:04pm
Quoting Jolita
UK chancelor preparing tax cuts to help households. Infliation could rise to 7% in May...BOE will step in? Petrol in London £1.50 - £1.60/litre, year ago less then £1.20/litre. https://www.ft.com/content/e7daa9b4-...f-8dec5612f538
I find it hard to believe they want a weak pound
nobody will go on holiday
  • #653,385
  • Mar 8, 2022 1:07pm Mar 8, 2022 1:07pm
Quoting Vincent1
{quote} {quote} Update Finally almost there.... {image} {image}

U are a patient man
great trade !
  • #653,386
  • Mar 8, 2022 1:22pm Mar 8, 2022 1:22pm
i hate this rangebound
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yes yes yes
  • #653,387
  • Mar 8, 2022 1:22pm Mar 8, 2022 1:22pm
next week we should expect the price to test 1.32 - 1.3250 then drop down toward 1.30 or 1.29


on hourly, we have created a small area of value at 1.31 level.price is likely to force break it and failure should send gu back to 1.32

before the start of 2nd quarter, we should see an attempt of 1.29 or 1.28 then we go up to 1.38
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MY OPINION NOT FINANCIAL ADVISE
  • #653,388
  • Mar 8, 2022 1:29pm Mar 8, 2022 1:29pm
Daily still show a strong sign of sell looking at index value of previous swings of price and RSI

waiting for hiding bullish divergence to show
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MY OPINION NOT FINANCIAL ADVISE
  • #653,389
  • Mar 8, 2022 1:32pm Mar 8, 2022 1:32pm
Quoting nAVIN2007
{quote} I find it hard to believe they want a weak pound nobody will go on holiday


bro..the price of pound in 2020 need correction it was affected by the covid 19 data


the future of gbp is up so prepare for the buy near 1.20 will be a massive buy
MY OPINION NOT FINANCIAL ADVISE
  • #653,390
  • Mar 8, 2022 1:38pm Mar 8, 2022 1:38pm
Quoting donfriday
{quote} bro..the price of pound in 2020 need correction it was affected by the covid 19 data the future of gbp is up so prepare for the buy near 1.20 will be a massive buy

we better not go to 1.2
  • #653,391
  • Mar 8, 2022 1:39pm Mar 8, 2022 1:39pm
here is a 5yrs 3yrs and 1yr price action channels



1.25 is possible its very clear on chat but first we should see 1.38 and 1.40 to test the 1hr channel
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD_20220308_19.37.png Size: 225 KB
MY OPINION NOT FINANCIAL ADVISE
  • #653,392
  • Mar 8, 2022 1:40pm Mar 8, 2022 1:40pm
Quoting nAVIN2007
{quote} we better not go to 1.2

bro not so fast..maybe next year then we have complete the fractal of the historical price using the low of 2020 but 1.20 is a must
MY OPINION NOT FINANCIAL ADVISE
  • #653,393
  • Mar 8, 2022 1:44pm Mar 8, 2022 1:44pm
lets see, hope this mofo goes up
  • #653,394
  • Mar 8, 2022 2:17pm Mar 8, 2022 2:17pm
Quoting nAVIN2007
{quote} I find it hard to believe they want a weak pound nobody will go on holiday
Thank you!

Weak pound is good for the economy.
Dollar is safe heaven currency.
Bears waited for this since last summer. Very overdue.
Looking at the weekly chart, there is so much space left to reach lower 130 - 129 so on. Just zoom out, can you see three triangles, last one is forming.
All depends of dollar behaviour and Feds agenda, no surprice if they decide to weaken dollar, they can.
Anything can happen and trend can reverse.
  • #653,395
  • Mar 8, 2022 2:19pm Mar 8, 2022 2:19pm
Quoting Stvnchls
{quote} thankyou for the advice. I really dont know how to overcome this fear. Cause I git the second margin call. Thanks for your positive advice

My margin call hit me yesterday.
It was almost a relief when it happened.

And I figure hey, if I can LOSE those pips on the way down... maybe I can gain them back on the way up :-)

So I am really watching the charts and this thread for the near future.
  • #653,396
  • Mar 8, 2022 2:23pm Mar 8, 2022 2:23pm
Quoting Bill88
{quote} My margin call hit me yesterday. It was almost a relief when it happened. And I figure hey, if I can LOSE those pips on the way down... maybe I can gain them back on the way up :-) So I am really watching the charts and this thread for the near future.
Every losing trader thinks exactly like this...
  • #653,397
  • Mar 8, 2022 2:38pm Mar 8, 2022 2:38pm
Quoting YoungET
{quote} Every losing trader thinks exactly like this...
This brings up a good question...

Does anyone know of a good, free text alert system that would let you know when a certain pair reaches a certain price?

I used to use one but I can't find it anymore.

I'd like to be able to get a text alert when a set price is reached.
  • #653,398
  • Mar 8, 2022 7:39pm Mar 8, 2022 7:39pm
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yes yes yes
  • #653,399
  • Mar 8, 2022 9:49pm Mar 8, 2022 9:49pm
observing , price keep doing more lower and lower , will we continue bearish till 1.33000 at least or we will have pump rn ? ,
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #653,400
  • Mar 8, 2022 10:12pm Mar 8, 2022 10:12pm
Quoting Bill88
{quote} My margin call hit me yesterday. It was almost a relief when it happened. And I figure hey, if I can LOSE those pips on the way down... maybe I can gain them back on the way up :-) So I am really watching the charts and this thread for the near future.
I used to think the same and just when u get back "full force", chances of you getting another margin call are many. Take a chill and learn from that mistake you made.
Face 'ur fears & tame 'ur greed
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