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Cable Update (GBPUSD)

  • #734,641
  • Mar 8, 2023 1:54am Mar 8, 2023 1:54am
Quoting mysterio
{quote} Lets see what ADP says later not sure I think in this case the 25 or 50bps rate rise uncertainty is a bigger driver, now it seems set to be 50, you have to go to the month chart to see when rates were that high last. Although I think this will be a buy the rumor sell the fact situation for the dollar. Would you hold the S&P500 given that we're heading into a recession and you can get 5%+ on treasuries ? not sure.
I like the concept of being long on the S&P because it likes climbing the wall of worry.

As to heading into a recession...we've been told this for months and months to the point it seems the powers that be are trying to create a self-fulfilling prophecy so, like trading, I'll trade it if I see it, but I won't believe it just because it's repeated over and over.

Getting off of FF so I can focus on London open. Have a great trading day.
  • #734,642
  • Mar 8, 2023 1:58am Mar 8, 2023 1:58am
Quoting Moty
{quote} 200 lwma h+c+l
That is giving you a view of the smoothed priced on the TF that is about 30x the TF that you have it on. For example, on M1, that line shows you M30.
To free Gazans of Hamas, use whatever it takes.
  • #734,643
  • Mar 8, 2023 2:02am Mar 8, 2023 2:02am
Morning all, stuck in long trades from Monday. Not gonna bail out yet.. will be keeping a tab on it whilst working. Looking for 11950 by the end of the week before I can make a plan for next week
Insane in the Brain..
  • #734,644
  • Mar 8, 2023 2:04am Mar 8, 2023 2:04am
when you ride the bull it goes down
when you ride the bear it goes up
aarghhhh.. i stick with my bear.. cmon bear!
  • #734,645
  • Mar 8, 2023 2:10am Mar 8, 2023 2:10am
If we put together, the ADP reports, Powell, oil, CAD interest and shake it up a bit! Doctor! doctor!! Which is the diagnosis??? a few hours of life!!! HA! Ha! Vital signs?? 1.1819 and going down, we lose it!! electroyock!!, doctor doesn't work!!, whiskey bleeds fast!!, another shock!! Blew it! We've stabilized him, get them to intensive care! Doctor! 1.1815, when are we going to stop crying? My friend Brekis, time will tell!!!
  • #734,646
  • Mar 8, 2023 2:18am Mar 8, 2023 2:18am
Quoting BeeTogether
Morning all, stuck in long trades from Monday. Not gonna bail out yet.. will be keeping a tab on it whilst working. Looking for 11950 by the end of the week before I can make a plan for next week
you not use a SL ? how do you stomach the risk? good luck bro
  • #734,647
  • Mar 8, 2023 2:20am Mar 8, 2023 2:20am
Let's go Asia high
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  • #734,648
  • Mar 8, 2023 2:20am Mar 8, 2023 2:20am
feel boring
https://breakpullback.com
  • #734,649
  • Mar 8, 2023 2:24am Mar 8, 2023 2:24am
Quoting Yngwie
Long just for fun 1.1813 SL 1.1799
closed 17p for fun
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #734,650
  • Mar 8, 2023 2:26am Mar 8, 2023 2:26am
Quoting eyefeelsix
feel boring
agree
  • #734,651
  • Mar 8, 2023 2:31am Mar 8, 2023 2:31am
1.1860 pressure from Bears
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #734,652
  • Mar 8, 2023 2:37am Mar 8, 2023 2:37am
Something changed?? MT4 Back in the AppStore

A short note to let you know that MT4 for iOS is now back in the AppStore.
You can read the full story on Finance Magnates.
To free Gazans of Hamas, use whatever it takes.
  • #734,653
  • Mar 8, 2023 2:46am Mar 8, 2023 2:46am
Quoting Robinhood1
usdchf 0.9250, target 1.0200 {image}
Cancelling this buy, its going down when it stops retracing up. Maybe it has stopped.
POSTMASTER
  • #734,654
  • Mar 8, 2023 2:56am Mar 8, 2023 2:56am
Okay looking for short now
  • #734,655
  • Mar 8, 2023 2:56am Mar 8, 2023 2:56am
Quoting DrDave
Something changed?? MT4 Back in the AppStore A short note to let you know that MT4...
yeah I posted it yesterday, I suddenly saw update on AppStore..

I wish they will create better version for iPadOS or IOS, current sucks comparing to TradingView abilities
  • #734,656
  • Mar 8, 2023 2:59am Mar 8, 2023 2:59am
Quoting Whale
{quote} yeah I posted it yesterday, I suddenly saw update on AppStore.. I wish they will create better version for iPadOS or IOS, current sucks comparing to TradingView abilities
Metatrader wants you to move to version 5. The problem with V 5 is that there aren't as many tools.
  • #734,657
  • Mar 8, 2023 3:01am Mar 8, 2023 3:01am
Quoting BeeTogether
Morning all, stuck in long trades from Monday. Not gonna bail out yet.. will be keeping a tab on it whilst working. Looking for 11950 by the end of the week before I can make a plan for next week
me too man long trades from yesterday
  • #734,658
  • Mar 8, 2023 3:03am Mar 8, 2023 3:03am
Got stopped out of long at the same zone twice before the actual move.
God damn it stupid spreads. Exactly at my SL point.

Out of long with 15 pips, was targeting 20 - 30 pips but damn this PA looks ridiculous.
Bound to crash strongly.
Exhausted
  • #734,659
  • Mar 8, 2023 3:03am Mar 8, 2023 3:03am
Let's go bulls
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yes yes yes
  • #734,660
  • Mar 8, 2023 3:04am Mar 8, 2023 3:04am
Quoting fxmasterdxb
{quote} so the 4hr candle seems to be closing belo 1.1840, i expect a very minor pull back limited to 55/60, max 75 before a drop to 1.17 and finally 1.1640
my sell limits are places @1.1850 & 1.1874, will add once further confirmation on the drop
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