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Cable Update (GBPUSD)

  • #654,001
  • Mar 16, 2022 11:41am Mar 16, 2022 11:41am
Quoting nAVIN2007
{quote} doubt it added my last 2 buys..
buy deep and/or sell higher
  • #654,002
  • Mar 16, 2022 11:43am Mar 16, 2022 11:43am
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yes yes yes
  • #654,003
  • Mar 16, 2022 11:49am Mar 16, 2022 11:49am
Quoting Wavegarrick
{quote} Hi Guys, With the Us federal funds rate upon us in 1hr and 16 mins, I have moved my stops up. From a technical perspective, the market is moving up on Gu, however, we need to be cognizant of this event. Trade safe, Cheers. {image}
Anyway Folks,
Had 2 trades taken out for small profits, but got into some more.
What we need to realize is that the rate hike came in at forecasted values. In other words, it could have been priced in already. I am not saying I am right but for now, techs rule.
Trade well,
Cheers
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Trade to trade another day
  • #654,004
  • Mar 16, 2022 11:55am Mar 16, 2022 11:55am
Quoting Nd10
{quote} What say you if the 2 prices happen this year?
i would love it, if it does happen this year! preferring 1.26 to come first, but no big deal, if it comes second after the 1.41...
Maadik Hugiis. IQ 69.
  • #654,005
  • Mar 16, 2022 11:56am Mar 16, 2022 11:56am
Quoting Wavegarrick
{quote} Anyway Folks, Had 2 trades taken out for small profits, but got into some more. What we need to realize is that the rate hike came in at forecasted values. In other words, it could have been priced in already. I am not saying I am right but for now, techs rule. Trade well, Cheers {image}
Leon im looking at this..
no more position for me..
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  • #654,006
  • Mar 16, 2022 11:59am Mar 16, 2022 11:59am
Quoting MoneyZilla
{quote} i would love it, if it does happen this year! preferring 1.26 to come first, but no big deal, if it comes second after the 1.41...
I agree with you. From 1.35 area, price might head back towards the 1.26 unless 1.36 is damaged so much. A buy from 1.26 to 1.4 would be so fabulous
  • #654,007
  • Mar 16, 2022 11:59am Mar 16, 2022 11:59am
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yes yes yes
  • #654,008
  • Mar 16, 2022 12:02pm Mar 16, 2022 12:02pm
Quoting Moty
{image}
be careful bro..u looking kinda heavy in these positions
  • #654,009
  • Mar 16, 2022 12:04pm Mar 16, 2022 12:04pm
1.30 will push GU towards 1.37...plenty of money to be made for bulls.
Everyone can see the chart, but only a few can actually read it.
  • #654,010
  • Mar 16, 2022 12:05pm Mar 16, 2022 12:05pm
Quoting maxi444
{quote} buy deep and/or sell higher
  • #654,011
  • Mar 16, 2022 12:15pm Mar 16, 2022 12:15pm
seller failed
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #654,012
  • Mar 16, 2022 12:17pm Mar 16, 2022 12:17pm
Buyers won this clearly. Today wasn't my day. I had a pending buy at 3050 buy removed it. Lol... poor decision making.
  • #654,013
  • Mar 16, 2022 12:22pm Mar 16, 2022 12:22pm
Quoting Bones
seller failed {image} {image}

Loving your falling wedge on daily..thats gonna help my positions..lol
  • #654,014
  • Mar 16, 2022 12:22pm Mar 16, 2022 12:22pm
Quoting nAVIN2007
{quote} Leon im looking at this.. no more position for me.. {image}
Nav this guy is headed for 1.4 eventually but i still see a drop from from your upper channel to 1. 28 area before the full lift. If for one thing, the yearly pivot might hold again. Anyway, whichever, yearly pivot and S1 and also R1 which is 1.41
  • #654,015
  • Mar 16, 2022 12:25pm Mar 16, 2022 12:25pm
Quoting Nd10
{quote} Nav this guy is headed for 1.4 eventually but i still see a drop from from your upper channel to 1. 28 area before the full lift. If for one thing, the yearly pivot might hold again. Anyway, whichever, yearly pivot and S1 and also R1 which is 1.41
I think this is the bottom..
I only trade by my charting and this to me is looking like a bull flag if im right we gonna blow through 1.42

the difference between the monthly high and where we are is 300 pips
weekly high from where we are is less than 130 pips..

for me..so long as war does not get worse ..im happy to be in this. I did not like the idea of selling because of war conflict.
I need to learn from this situation and simply not trade in such sceneros
  • #654,016
  • Mar 16, 2022 12:26pm Mar 16, 2022 12:26pm
Quoting Bones
seller failed {image} {image}
very much depends on Russia's military operation in Ukraine... the bears might turn the table very quickly. and probably they will...
Maadik Hugiis. IQ 69.
  • #654,017
  • Mar 16, 2022 12:26pm Mar 16, 2022 12:26pm
Quoting Wavegarrick
{quote} Anyway Folks, Had 2 trades taken out for small profits, but got into some more. What we need to realize is that the rate hike came in at forecasted values. In other words, it could have been priced in already. I am not saying I am right but for now, techs rule. Trade well, Cheers {image}
You're more right than wrong Wave .
The rate news had already been discounted . So the price went to 1.3043 and now its 1.3120 . Why , IMO its now discounting Pound interest rate which , if that goes ahead makes GBP a slightly favourable overnight rate .
Really liked your analogy the other week of the lobster pot Wave .
  • #654,018
  • Mar 16, 2022 12:30pm Mar 16, 2022 12:30pm
...caught a bit of that upmove as had a sneaky eye on tablet whilst watching Eggheads lol! Came back to desk. Soon as Powell started taking Questions and boom - up,! off the DP and topside of the prev 4hr desc t/line...now challenging a prev 1hr sw lo zone = prev supp = pot sbr. 2 x 3 fib clusters begin @ 3148.

116% 30day adr traveled so far today and above Dly R2. Wkly R1/Dly R3 circa 3174/75, (also a fib @ 3178.)

1hr& 4hr below.
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Trader with an Edge.
  • #654,019
  • Mar 16, 2022 12:40pm Mar 16, 2022 12:40pm
Next major resistance stands around 1.318 to 1.32
  • #654,020
  • Mar 16, 2022 12:44pm Mar 16, 2022 12:44pm
...if these Ukraine/Russia talks breakdown or if Russia hits nato land there will be one almighty short in this pairing,! re long $.
Trader with an Edge.
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