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Cable Update (GBPUSD)

  • #739,721
  • Apr 6, 2023 8:21am Apr 6, 2023 8:21am
Quoting Elysion
{quote} Yeah but learning bout it isn't a bad thing as well. Although generally I trade where the price goes even during news. Follow the price not the figures
over 14 yrs I never understand how news work

i didn’t know risk management for decade

treat fx as business and protection your capital
MY OPINION NOT FINANCIAL ADVISE
  • #739,722
  • Apr 6, 2023 8:26am Apr 6, 2023 8:26am
Quoting T721
{quote}im doing a zoom session tonight with Merka tonight at 6pm UK time. if you wanna join send me dm. not suree what time that is were you are but let me know
Ah, I had to sleep early today as I have a medical checkup tomorrow.
Next time then. Take care T.
Exhausted
  • #739,723
  • Apr 6, 2023 8:28am Apr 6, 2023 8:28am
Quoting greed
{quote} me too. so macro data is against USD. Job Market is weakening Banks are still a thing including credit ressecion fears surging fed members still advise higher rates but still USD is strengthening.....
Check this out: This may help.

https://www.forexlive.com/news/us-do...ound-20230406/
Live long and prosper with green pips!
  • #739,724
  • Apr 6, 2023 8:34am Apr 6, 2023 8:34am
Quoting Elysion
{quote} Ah, I had to sleep early today as I have a medical checkup tomorrow. Next time then. Take care T.
if you get time at weekend let me know
  • #739,725
  • Apr 6, 2023 8:35am Apr 6, 2023 8:35am
what's the general consensus on trading tomorrow and Monday due to the Easter period? Most of the world are off except the US. Reckon it will be choppy conditions or worth trading?
  • #739,726
  • Apr 6, 2023 8:37am Apr 6, 2023 8:37am
Canada is screwed.

Attached Image (click to enlarge)
Click to Enlarge Name: canada.jpg Size: 45 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #739,727
  • Apr 6, 2023 8:40am Apr 6, 2023 8:40am
Hi, I'm new here. What is the current trend for GPB/USD?
  • #739,728
  • Apr 6, 2023 8:41am Apr 6, 2023 8:41am
Quoting Pat Chiko
Canada is screwed. {image}
You're just figuring this out now? Haven't you seen/heard our PM and Finance minister speak?
  • #739,729
  • Apr 6, 2023 8:43am Apr 6, 2023 8:43am
Quoting greed
{quote} me too. so macro data is against USD. Job Market is weakening Banks are still a thing including credit ressecion fears surging fed members still advise higher rates but still USD is strengthening.....
Possible reasons:

1. When RECESSION comes (ie FEAR) the 3 currencies that benefit the most are: CHF, JPY & USD - flight to safety
  • #739,730
  • Apr 6, 2023 8:46am Apr 6, 2023 8:46am
Quoting Pat Chiko
Canada is screwed. {image}
Inserted Video
  • #739,731
  • Apr 6, 2023 8:46am Apr 6, 2023 8:46am
Quoting fx6996
{quote} Possible reasons: 1. When RECESSION comes (ie FEAR) the 3 currencies that benefit the most are: CHF, JPY & USD - flight to safety
There might have been a time when a flight to the USD made sense. With the FED adopting the USD as a digital currency that the FED has the right to take from your bank account or digital wallet and wipe out the value of the digital currency, I wonder how long the USD will be a safe currency!
  • #739,732
  • Apr 6, 2023 8:52am Apr 6, 2023 8:52am
Quoting dantpm
{quote} There might have been a time when a flight to the USD made sense. With the FED adopting the USD as a digital currency that the FED has the right to take from your bank account or digital wallet and wipe out the value of the digital currency, I wonder how long the USD will be a safe currency!
I thought FED wanted a digital currency for use between banks and for payments not really for public?
  • #739,733
  • Apr 6, 2023 8:54am Apr 6, 2023 8:54am
Quoting ForexGoose
bought at 1.244, stop under 1.243, target 1.253+
i bet that it will go back up soon, trapping bears before a push above 1.25
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #739,734
  • Apr 6, 2023 8:57am Apr 6, 2023 8:57am
Quoting ForexGoose
{quote} i bet that it will go back up soon, trapping bears before a push above 1.25
Not yet, demand hasn't been grabbed yet.
And I reckon SL are at that demand zone as well.
Exhausted
  • #739,735
  • Apr 6, 2023 8:59am Apr 6, 2023 8:59am
Quoting ForexGoose
{quote} i bet that it will go back up soon, trapping bears before a push above 1.25
why not.. trust me nobody know..

watch the 2440 area for another leg down.

the most attractive numbers for now is around 1.225
  • #739,736
  • Apr 6, 2023 9:00am Apr 6, 2023 9:00am
Quoting donfriday
{quote} crazy drop that is good for some of us
I should have kept my shorts! Took a 5k hit and the MF dropped
Insane in the Brain..
  • #739,737
  • Apr 6, 2023 9:03am Apr 6, 2023 9:03am
dollar is doing the dead cat bounce

I will buy the dips in GBP/USD and EUR/USD

Inserted Video
Attached Image (click to enlarge)
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #739,738
  • Apr 6, 2023 9:07am Apr 6, 2023 9:07am
Quoting Whale
{quote} why not.. trust me nobody know.. watch the 2440 area for another leg down. the most attractive numbers for now is around 1.225
Waiting for the leg but 1.225 eh. Kinda... far fetched for a today's target
Exhausted
  • #739,739
  • Apr 6, 2023 9:08am Apr 6, 2023 9:08am
Quoting Buck0
{quote} I thought FED wanted a digital currency for use between banks and for payments not really for public?
The banks already have digital payment transfers and no need of cash. The new rules are so that the FED can get the public involved.
  • #739,740
  • Apr 6, 2023 9:11am Apr 6, 2023 9:11am
Quoting pipfarm
D1 yesterday inside bar , today still inside bar , risky to take longs. H4 Still in correction, shorts not for me If H4 breaks up and we get some LH,LL then might be good for a long from H1
Now we have the LH,LL, on both GBPUSD and EURUSD D1 Looks like a bullsh flag continuation patterns on H4

Not as much of a correction as i would of like to have seen but it looks possible for longs H4 , just have to wait for a good entry signal and if we miss that there is always H1 LH, LLs to enter on.

There are no guarantees i will take this at the moment
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