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Cable Update (GBPUSD)

  • #740,961
  • Apr 13, 2023 10:44am Apr 13, 2023 10:44am
I added short now 1.2526
  • #740,962
  • Apr 13, 2023 10:45am Apr 13, 2023 10:45am
Quoting GODofMC
{quote} Just bought this Edit : might be for scalp 10-20 pips real target above 40 pips, but always close below TP {image}
Well bad habits, taking about 12 pips only
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I will only sell if this pair got 100 pips range, about 12560-76.
And if this price reach there before 24:00 GMT+7
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #740,963
  • Apr 13, 2023 10:47am Apr 13, 2023 10:47am
Quoting Steven1
e{quote} I haven't even included all of the bad news ahead for the Us dollar - the debt ceiling is due very soon last months deficit was way bigger at 378 billion and the US government keeps spending nonstop with a 2 trillion deficit last year. and the bank blow-ups in the US have slowed bank lending in the last few weeks along with growth likely to be very little for the year - not much going for the US dollar. Europe and the UK economies will stay stronger than most expect. China is where the growth is gojng to come from - the US economy is going...
will go down for sure.
  • #740,964
  • Apr 13, 2023 10:47am Apr 13, 2023 10:47am
Quoting eyefeelsix
{quote} preparation in case of high volatility ahead {image}
Balancing the risk to get maximum profits
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https://breakpullback.com
  • #740,965
  • Apr 13, 2023 10:51am Apr 13, 2023 10:51am
Quoting Steven1
e{quote} I haven't even included all of the bad news ahead for the Us dollar - the debt ceiling is due very soon last months deficit was way bigger at 378 billion and the US government keeps spending nonstop with a 2 trillion deficit last year. and the bank blow-ups in the US have slowed bank lending in the last few weeks along with growth likely to be very little for the year - not much going for the US dollar. Europe and the UK economies will stay stronger than most expect. China is where the growth is gojng to come from - the US economy is going...
First you have Covid19, then you have the US/Ukraine with Russia all sucking resources out of the economy. Now you have the US talking about war with China, another huge economic drain! What does anyone expect?
  • #740,966
  • Apr 13, 2023 10:57am Apr 13, 2023 10:57am
Any one who short GPB/ USD will not regret. USD is on a back foot rebound on Tuesday
  • #740,967
  • Apr 13, 2023 11:00am Apr 13, 2023 11:00am
DXY nearing the last low on 4H
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  • #740,968
  • Apr 13, 2023 11:01am Apr 13, 2023 11:01am
Quoting dantpm
{quote} First you have Covid19, then you have the US/Ukraine with Russia all sucking resources out of the economy. Now you have the US talking about war with China, another huge economic drain! What does anyone expect?
Print more money, easy.
  • #740,969
  • Apr 13, 2023 11:07am Apr 13, 2023 11:07am
Quoting Nala66
{quote} Print more money, easy.
That is what is causing the inflation in the economy today!
  • #740,970
  • Apr 13, 2023 11:14am Apr 13, 2023 11:14am
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #740,971
  • Apr 13, 2023 11:23am Apr 13, 2023 11:23am
Im waiting for 100p drop to 1.245 to join bulls camp,
What are the odds for today?
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  • #740,972
  • Apr 13, 2023 11:25am Apr 13, 2023 11:25am
Quoting dantpm
{quote} That is what is causing the inflation in the economy today!
The only thing a person can do in the scenario of them printing money is to learn to be a good forex trader to take advantage of the volatility. I don't think inflation is going to stop for a while. I own a restaurant here in Hamilton and I can tell you first hand that we feel it. December 2019 we were paying $45.00 for a box of lettuce. December 2022 we were paying $105 for that same box of lettuce. Most restaurants and businesses are going to get smoked in the coming years. If I didn't have my construction business and my forex trading, I'd be gone out of business by now. Mind you we're rated 4.7 stars and we're a busy restaurant. I can only imagine what the other businesses are going through.
  • #740,973
  • Apr 13, 2023 11:27am Apr 13, 2023 11:27am
Quoting Whale
Im waiting for 100p drop to 1.245 to join bulls camp, What are the odds for today? {image}
Depends on who you listen to.
  • #740,974
  • Apr 13, 2023 11:29am Apr 13, 2023 11:29am
Quoting ashur123
{quote} The only thing a person can do in the scenario of them printing money is to learn to be a good forex trader to take advantage of the volatility. I don't think inflation is going to stop for a while. I own a restaurant here in Hamilton and I can tell you first hand that we feel it. December 2019 we were paying $45.00 for a box of lettuce. December 2022 we were paying $105 for that same box of lettuce. Most restaurants and businesses are going to get smoked in the coming years. If I didn't have my construction business and my forex trading,...
Hamilton Canada and you are also getting clipped for the Liberal carbon tax on fuel to move that lettuce. Thank Justin for that present.
  • #740,975
  • Apr 13, 2023 11:31am Apr 13, 2023 11:31am
Quoting dantpm
{quote} Depends on who you listen to.
2pac
  • #740,976
  • Apr 13, 2023 11:31am Apr 13, 2023 11:31am
Quoting Whale
Im waiting for 100p drop to 1.245 to join bulls camp, What are the odds for today?
Price touching 1.2170 cannot be ruled out in the second half of the month. Bulls only have tomorrow and next week Monday to complete their run.

Check the weekly candles, you will see 5 consecutive bull candles showing exhaustion...

Monthly range so far is 263 pips of expected 500 pips minimum. There have been consecutive negative News for USD yet Pound can't rally harder than this. Other Clues... Gold touched a New High, EU new High, dxy touched and marginally broke February low, all these points at some dollar correction to the upside.

Quick simulations...
1.2570 minus 500 pips = 1.2070
1.2670 minus 500 pips = 1.2170...

Even if price touches 1.2670 area, 1.2170 cannot still be ruled out... 17th to 18th April may be the deadline for final bulls push before bears may come with full force.

As always, I may be wrong, hence no obligation to follow.
.
Data + Stat + Risk/Emotions Management
  • #740,977
  • Apr 13, 2023 11:32am Apr 13, 2023 11:32am
Quoting Whale
Im waiting for 100p drop to 1.245 to join bulls camp, What are the odds for today?
The odds is very odd
Unless price drop below 1.250 and stay there for a while.
Price still avoid 1.250 at all cost, while usdx still near the bottom of D1 there is still no sign of pullback.
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GU also still standing above high but no sign of going through too.
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Possiblity of going down is still there to take the passenger, but i think is Risky at this point
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #740,978
  • Apr 13, 2023 11:34am Apr 13, 2023 11:34am
Quoting ScalaFX
{quote} 0983, 0993, 1003 1013, 1023 active pendings 1033, 1043, 1053, 1063 max, waiting, GU active 2512, 2518 pendings 2528, 2538, 2548
Good evening
Super underwater but happy that all EU filled, GU most of, waiting for PB to take profits, hope both pair can drop some before continuation runs, cheers!
People don't plan to lose. They lose because they don't plan.
  • #740,979
  • Apr 13, 2023 11:36am Apr 13, 2023 11:36am
Quoting GODofMC
{quote} The odds is very odd Unless price drop below 1.250 and stay there for a while. Price still avoid 1.250 at all cost, while usdx still near the bottom of D1 there is still no sign of pullback. {image}GU also still standing above high but no sign of going through too. {image}
thanks, i go to sleep than
i Have tradingview alarm on

have a great week.
  • #740,980
  • Apr 13, 2023 11:38am Apr 13, 2023 11:38am
Quoting dantpm
{quote} Hamilton Canada and you are also getting clipped for the Liberal carbon tax on fuel to move that lettuce. Thank Justin for that present.
It's absolutely brutal. Also the federal and provincial taxes leave you with nothing at the end of the day. If things continue this way, there will be without a doubt a revolutionary war. Now they're passing a bill that if you offend a transsexuals you get a $25K fine. Mean while drinking and driving gets you only a $10K. It has become the land of degeneracy. No morals or standards. I plan on getting out of here soon.
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