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Cable Update (GBPUSD)

  • #737,101
  • Mar 21, 2023 9:17am Mar 21, 2023 9:17am
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yes yes yes
  • #737,102
  • Mar 21, 2023 9:20am Mar 21, 2023 9:20am
Quoting Kajos2250
{quote} Lower timeframe than... ? I think you were triggered. Where have you set SL?
I short above the level using 15mins but it is very risky as the level is reactive upto the M30. Valid entry is on the m30. I will post again
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  • #737,103
  • Mar 21, 2023 9:20am Mar 21, 2023 9:20am
I think Im done for the day. Getting greedy is not good. Time to finish work and celebrate Navroz with the family. See ya all tomorrow
Insane in the Brain..
  • #737,104
  • Edited 9:35am Mar 21, 2023 9:22am | Edited 9:35am
Quoting Pat Chiko
{quote} "The FED buys debt like treasuries and thats how they create new money." .... and to add to your point, The FED also buys Government debt with money printed on a printing press and charges U.S. taxpayers interest. Intersting point Bones, thanks for sharing your view on this. BTW, FED owned by the 12 Central banks: Rothschild Bank of London Warburg Bank of Hamburg Rothschild Bank of Berlin Lehman Brothers of New York Lazard Brothers of Paris Kuhn Loeb Bank of New York Israel Moses Seif Banks of Italy Goldman Sachs of New York Warburg Bank...
Profit and loss go to the treasury. There in the same boat as the failing banks or last year's UK pensions
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #737,105
  • Mar 21, 2023 9:26am Mar 21, 2023 9:26am
Quoting BigNumbers
Take notes below 1.22250 sell TP 1.21700 above 1.23000 Buy Tp 1.23700 I have been short a long time ago when it breaks out, i will post it

price is breaking the 1.22250 level and the level is reactive upto to the M30. So our entry will be on the m30. As soon as the 30 mins candle closes below enter and stop should be very tight. No need to use large stop nothing is promised in the market.
My telegram: https://t.me/avidforex
  • #737,106
  • Mar 21, 2023 9:27am Mar 21, 2023 9:27am
Resistance turned support?
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I have no clue where it's going
  • #737,107
  • Mar 21, 2023 9:29am Mar 21, 2023 9:29am
Quoting Bones
{quote} profit and loss go to treasury, their in the same boat as the failing banks or last years UK pensions {image}
Well not quite:
the Reserve Banks are required by law to transfer net earnings to the U.S. Treasury, after providing for all necessary expenses of the Reserve Banks, legally required dividend payments, \

Not sure what defines these amounts.
https://www.federalreserve.gov/faqs/about_14986.htm
  • #737,108
  • Mar 21, 2023 9:41am Mar 21, 2023 9:41am
How unfortunate...
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I have no clue where it's going
  • #737,109
  • Mar 21, 2023 9:47am Mar 21, 2023 9:47am
Quoting pipcenturion
{quote} GBPUSD buy limit at 1.2216 target 1.2268
How about stoploss sir. Thank you
  • #737,110
  • Mar 21, 2023 9:50am Mar 21, 2023 9:50am
Quoting BatonaFX
{quote} How about stoploss sir. Thank you
1.2183 maybe

I don't bother too much about SL
  • #737,111
  • Mar 21, 2023 9:56am Mar 21, 2023 9:56am
watching how reacts at 2206 , if breaks then will gor 2145 . lets see
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #737,112
  • Mar 21, 2023 10:04am Mar 21, 2023 10:04am
Superb M30 rejection. If we are lucky we get the 60 pips at partials. If it breaks below where our partials is taken, we can continue going down.
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  • #737,113
  • Mar 21, 2023 10:07am Mar 21, 2023 10:07am
Quoting pipcenturion
{quote} 1.2183 maybe I don't bother too much about SL
Im trading too without SL we both know thats very risky and you must have good MM to controll your account money. But we must say that loud that SL is VERY IMPORTANT AND YOU MUST ALWAYS PLACE STOP LOSE WHEN YOU OPENED A POSITION!! THATS YOUR ACCOUNT INSURANCE! thanks🙂🍀
People don't plan to lose. They lose because they don't plan.
  • #737,114
  • Mar 21, 2023 10:07am Mar 21, 2023 10:07am
Quoting Kajos2250
{quote} Lower timeframe than... ? I think you were triggered. Where have you set SL?
were you able to time the entry ?
My telegram: https://t.me/avidforex
  • #737,115
  • Mar 21, 2023 10:17am Mar 21, 2023 10:17am
Quoting BigNumbers
{quote} I short above the level using 15mins but it is very risky as the level is reactive upto the M30. Valid entry is on the m30. I will post again {image}
this form is a valuable setup!
Anything is math!
  • #737,116
  • Mar 21, 2023 10:17am Mar 21, 2023 10:17am
Quoting ScalaFX
{quote} Im trading too without SL we both know thats very risky and you must have good MM to controll your account money. But we must say that loud that SL is VERY IMPORTANT AND YOU MUST ALWAYS PLACE STOP LOSE WHEN YOU OPENED A POSITION!! THATS YOUR ACCOUNT INSURANCE! thanks🙂🍀
Buddy, what is S.L.???????
Intraday Trading is an Art _ hoda
  • #737,117
  • Mar 21, 2023 10:18am Mar 21, 2023 10:18am
I only use an SL when my trade is 20-30 pips in the Green!
Insane in the Brain..
  • #737,118
  • Mar 21, 2023 10:19am Mar 21, 2023 10:19am
Quoting dantpm
{quote} Well not quite: the Reserve Banks are required by law to transfer net earnings to the U.S. Treasury, after providing for all necessary expenses of the Reserve Banks, legally required dividend payments, \ Not sure what defines these amounts. https://www.federalreserve.gov/faqs/about_14986.htm
They can charge up to 6% of expenses; it's a non-profit or, right now, loss operation.
However, I don't trust that setup more than any other outsider looking at it.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #737,119
  • Mar 21, 2023 10:20am Mar 21, 2023 10:20am
Quoting hoda
{quote} Buddy, what is S.L.???????
NOTHING IMPORTANT...
  • #737,120
  • Mar 21, 2023 10:21am Mar 21, 2023 10:21am
I should not be greedy.

Took short trades early in Asia.

Then some long trades in London.

Then short, long, short, long scalps ( ) in NY session.

Now all over. May not trade again today unless the price tries to test the lows at the end of NY which I will long.
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Intraday only.
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