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Cable Update (GBPUSD)

  • #730,501
  • Feb 20, 2023 1:53pm Feb 20, 2023 1:53pm
Quoting ninner
Goldman Sacs downgraded GBPUSD and reduce price target ...sept 2023 to 1.15!!!
Im sellin this rumor and buyin the news
Lou Vincii Code
  • #730,502
  • Feb 20, 2023 1:53pm Feb 20, 2023 1:53pm
Quoting Whale
{quote} DXY sits on SRF zone.. it probably will not hold for long but right now it’s hold {image}
Is that the same as a Safe zone?????
  • #730,503
  • Feb 20, 2023 1:56pm Feb 20, 2023 1:56pm
Quoting RemyLou
{quote} Im sellin this rumor and buyin the news
  • #730,504
  • Feb 20, 2023 2:07pm Feb 20, 2023 2:07pm
This is such a sweeet spot to go SHORT!
I'm cutting ties with my LONGS here @ 2041
I would SELL immediately but I'm in no mood to bear the wild spreads coming.
Oh gosh I'm supposed to be looking to hit 8% ROI yet here I am having blown 2% of my account on this crazy ranging day
Well, tomorrow is another day. We move
  • #730,505
  • Feb 20, 2023 2:22pm Feb 20, 2023 2:22pm
Quoting Moty
{quote} No, I lost all my trades because I got smug and arrogant and changed my method to the one shown today Tomorrow I will trade her The 200 ema channel is crap, the pivot line is a better indication

master ur system for a range day and always have it in mind that the market will range when theirs no liquidity US bank Holiday, its easy to trade when its trending.

TIMING
EXECUTION
RISK
REWARD
MY OPINION NOT FINANCIAL ADVISE
  • #730,506
  • Feb 20, 2023 2:24pm Feb 20, 2023 2:24pm
Quoting Coreg2004
{quote} W0lfram, projected monthly ATR(14) is 600 pips for this month. On Feb.14 I moved my target to the downside (green box with T#1) but GU found strong support at 80%-monthly ATR(14) @1.1921. I wonder if we have enough time this month to reach 1.1801. Nothing is impossible. {image}
i use 500 for monthly ATR
250 weekly

daily 100

scalp 25pips

while it all depend on market condition an duratrion
MY OPINION NOT FINANCIAL ADVISE
  • #730,507
  • Feb 20, 2023 2:25pm Feb 20, 2023 2:25pm
Keeping it simple it is stuck in a 400 pip range between the 55 day sma and the 200 sma....currently not going anywhere.
  • #730,508
  • Edited 2:50pm Feb 20, 2023 2:25pm | Edited 2:50pm
Not for trading only a reference - low volume and scenario may fail.

Broker shared signal -
Buy 12040 tp 12176 sl 11915.2

This morning -
Sell from 12135 tp 11940 sl 12200

Sterling Live -
''Pound Sterling Could be in for a Positive PMI Surprise on Tuesday''.
  • #730,509
  • Edited 2:49pm Feb 20, 2023 2:36pm | Edited 2:49pm
Sky is blue!
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  • #730,510
  • Feb 20, 2023 2:43pm Feb 20, 2023 2:43pm
Strange that the spread on IG is normal even though US is on bank holiday today
Insane in the Brain..
  • #730,511
  • Feb 20, 2023 2:58pm Feb 20, 2023 2:58pm
Quoting BeeTogether
Strange that the spread on IG is normal even though US is on bank holiday today
Check out .dxy on IG trading activity. It reflects the holiday!
  • #730,512
  • Feb 20, 2023 3:16pm Feb 20, 2023 3:16pm
Quoting dantpm
{quote} Check out .dxy on IG trading activity. It reflects the holiday!
82% long, buy power, rate rise, strong buy sentiment.
Retraced 23.8%, dosn't look like a retracement, more bullish continuation.
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  • #730,513
  • Feb 20, 2023 3:18pm Feb 20, 2023 3:18pm
Quoting donfriday
{quote} i use 500 for monthly ATR 250 weekly daily 100 scalp 25pips while it all depend on market condition an duratrion
donfriday, sorry Don, I was so excited about today's market that after GLOBEX closed I decided to do laundry and read the book.
Same here. January's ATR (14) 608 pips X 80%= 486.4 Then when the mark hits I check if the pattern is completed and if the price is in my PRZ.
Always trade your own plan...I don't provide trading signals.
  • #730,514
  • Feb 20, 2023 3:21pm Feb 20, 2023 3:21pm
Quoting dantpm
{quote} I wonder how much Goldman Sachs has shorted GBPUSD?
dantpm, funny you ask this question. Just started to read the book (novel) Redemption. The main character worked for GS and was arrested for insider trading. He avoided jail time b/c he testified against senior partners...
Always trade your own plan...I don't provide trading signals.
  • #730,515
  • Feb 20, 2023 3:25pm Feb 20, 2023 3:25pm
Quoting donfriday
{quote} master ur system for a range day and always have it in mind that the market will range when theirs no liquidity US bank Holiday, its easy to trade when its trending. TIMING EXECUTION RISK REWARD
it's no big deal
i just lost 100 $ today after earning 810 $ last week
i managed to get 2 winners at the end of the day
Attached Image (click to enlarge)
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yes yes yes
  • #730,516
  • Feb 20, 2023 3:41pm Feb 20, 2023 3:41pm
Quoting Coreg2004
{quote} dantpm, funny you ask this question. Just started to read the book (novel) Redemption. The main character worked for GS and was arrested for insider trading. He avoided jail time b/c he testified against senior partners...
Not the first time this type of activity has come up
  • #730,517
  • Feb 20, 2023 5:07pm Feb 20, 2023 5:07pm
time to do my currency analysis!!!
  • #730,518
  • Feb 20, 2023 5:10pm Feb 20, 2023 5:10pm
Quoting ninner
time to do my currency analysis!!!
are you ok?
How to succeed in zero sum game?
  • #730,519
  • Feb 20, 2023 5:23pm Feb 20, 2023 5:23pm
Quoting BeeTogether
Strange that the spread on IG is normal even though US is on bank holiday today
Check out spread on USDTRY, its crazy
  • #730,520
  • Feb 20, 2023 5:26pm Feb 20, 2023 5:26pm
Quoting dempire1
{quote} are you ok?
yeah, are you?????
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