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Cable Update (GBPUSD)

  • #745,081
  • May 11, 2023 2:01am May 11, 2023 2:01am
Quoting Elysion
I'm not trading GU today so good luck to those who are trading it especially through the upcoming news in 2 hours. Trade safe.
Are you trading something else or sitting on the sidelines?
  • #745,082
  • May 11, 2023 2:01am May 11, 2023 2:01am
Quoting Enis
Hi what opinion do you have for IC MARKETS broker please let me know ?
I have joined them recently all seems fine for now
  • #745,083
  • May 11, 2023 2:04am May 11, 2023 2:04am
Quoting eyefeelsix
{quote} My waves updated --- Today estimated market volatility will increase by News, to exited all the rest I changed my invalidation level to 1.2575 {image} Cheers
1.2575 has been broken --- Commitment of my trade, Exit All the rest

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https://breakpullback.com
  • #745,084
  • May 11, 2023 2:06am May 11, 2023 2:06am
I pulled 12 pips from the mouth of this lion. I can rest and wait for news now. No FOMO.
  • #745,085
  • May 11, 2023 2:06am May 11, 2023 2:06am
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yes yes yes
  • #745,086
  • May 11, 2023 2:07am May 11, 2023 2:07am
out !!!
almost hit my tp , i was aiming for 50 $
switched to short for 50 $
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yes yes yes
  • #745,087
  • May 11, 2023 2:29am May 11, 2023 2:29am
Quoting Traderview
{image} {image} {image}
1st chart, i shared it over last weekend. 2nd is today.
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  • #745,088
  • May 11, 2023 2:30am May 11, 2023 2:30am
This is enuff for funded accounts.

As always i say :

Total profit ( A ) = B + C US dollars

Profit share into my bank account = A X 0.75 X 1.35 CAD = 1.0125A Canadian dollars.



Early in the morning hours here.

Am going to Missisauga to do test drive a car & book with a Dealer.

Will leave from my home around 7.30 AM.

See you guys.
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Intraday only.
  • #745,089
  • May 11, 2023 3:02am May 11, 2023 3:02am
Quoting Pat Chiko
{quote} GU Kachingg. Take some money to buy lunch. {image}

UK Official Bank Rate

Markets are expecting the BoE to hike by 25 bps to 4.5% — pushed there by inflation-related data that have tended to surprise on the upside and, to a lesser extent, pulled there by the Fed’s hike last week.

Overnight Indexed Swap (OIS) market indicates +90% possibility of another 25 bps rate hike, pushing the Bank Rate to move from 4.25% to 4.5%.
Implied terminal rate = 4.8%, suggesting 1 ~ 2 rate hike remaining.

Meanwhile,UK Economy is overheating after labour supply shock - BlackRock
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How credible is the BOE looking at this stage. If the FED is looking at pausing for longer at just ahead of the curve, BOE is running out of headroom and not ahead of the curve.
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I doubt it'll be the last.
Bankers have printed more money in the last few years than what we've had circulating in the previous centuries to maintain a lockdown market
But mainstream or politicians will never own up to that, they'll make you suckers believe it's the war & Russia......(distraction from real issue)


In reality, high inflation is caused high energy prices........
and energy companies making record profits?
governments taking some profits from them?
but not enough. answer? force lower prices with a cap on profits?
Peole will suffer , until next election with many empty promises from politician.....repaeat
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #745,090
  • May 11, 2023 3:09am May 11, 2023 3:09am
Quoting Pat Chiko
{quote} UK Official Bank Rate Markets are expecting the BoE to hike by 25 bps to 4.5% — In reality, high inflation is caused high energy prices........ and energy companies making record profits? governments taking some profits from them? but not enough. answer? force lower prices with a cap on profits? Peole will suffer , until next election with many empty promises from politician.....repaeat

This is reality. Who are sanctioned ?
Europe/UK Is Buying Record Amounts Of Refined Russian Fuels Through India, And Paying A Huge Markup
Pictures zpeak thousand words.


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If you're thinking what I'm thinking, we can be friends. ...................keh keh keh.........
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #745,091
  • May 11, 2023 3:13am May 11, 2023 3:13am
Quoting Pat Chiko
{quote} This is reality. Who are sanctioned ? Europe/UK Is Buying Record Amounts Of Refined Russian Fuels Through India, And Paying A Huge Markup Pictures zpeak thousand words. {image} If you're thinking what I'm thinking, we can be friends. ...................keh keh keh.........
Read that the Russian economy is now in the global top 10 for the first time ever apparently thanks to US/EU sanctions.
  • #745,092
  • May 11, 2023 3:16am May 11, 2023 3:16am
Quoting eyefeelsix
{quote} Wrong implementation is dangerous Those other setups are not meant to be followed, take them as insights to add knowledge and deficiencies to your own strategy My suggest is: skip any post that doesn't make any reasons, it will make you better.
Thanks, but I think it's a noise for me.

There are times that I already have my set up in place but when I see some trading ideas here, sometimes I will change my entry thinking that you guys are more experienced than me and it turned out a Loss. I would rather stick to my rules/strategy from now on which is purely price action.
  • #745,093
  • May 11, 2023 3:16am May 11, 2023 3:16am
Quoting dantpm
{quote} Are you trading something else or sitting on the sidelines?

Holding position on EURAUD
Trying not to get distracted by GU.
So yeah, sidelines.
Exhausted
  • #745,094
  • May 11, 2023 3:19am May 11, 2023 3:19am
Quoting dantpm
{quote} No one believes that the US won't extend the debt ceiling. The backstop is that Biden unilaterally extends the ceiling. Congress then can veto his extension but only if they get a 2/3's majority vote.
One more extension wont do any harm....
Since the creation of the debt ceiling in 1960, it has been raised 78 times.
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Welcome to America where the money is made up and reality doesn’t matter.........
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #745,095
  • May 11, 2023 3:22am May 11, 2023 3:22am
Quoting CryptoMavs
{quote} Thanks, but I think it's a noise for me. There are times that I already have my set up in place but when I see some trading ideas here, sometimes I will change my entry thinking that you guys are more experienced than me and it turned out a Loss. I would rather stick to my rules/strategy from now on which is purely price action.

Some do swings, some do lower timeframe scalps, some do medium t/f scalps here.
And some allows their positions to be in underwater with a huge SL.
Exhausted
  • #745,096
  • May 11, 2023 3:31am May 11, 2023 3:31am
Not long till UK data time. The drop today makes me think this a liquidity pool before a move up. Maybe 127. I would prefer 125 and am thinking of stopping my trades at last weeks profit level and see from there
Insane in the Brain..
  • #745,097
  • May 11, 2023 3:32am May 11, 2023 3:32am
Quoting Pat Chiko
{quote} One more extension wont do any harm.... Since the creation of the debt ceiling in 1960, it has been raised 78 times. {image} Welcome to America where the money is made up and reality doesn’t matter.........
not gonna happen, we (Europe) will pay for it. they will live nice lives, we will suffer and pay for it

  • #745,098
  • May 11, 2023 3:35am May 11, 2023 3:35am
Quoting genadi
{quote} not gonna happen, we (Europe) will pay for it. they will live nice lives, we will suffer and pay for it
Having the US as an Ally is getting expensive for the EU!
  • #745,099
  • May 11, 2023 3:37am May 11, 2023 3:37am
Come on
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yes yes yes
  • #745,100
  • May 11, 2023 3:38am May 11, 2023 3:38am
Quoting BeeTogether
Not long till UK data time. The drop today makes me think this a liquidity pool before a move up. Maybe 127. I would prefer 125 and am thinking of stopping my trades at last weeks profit level and see from there

This drop could easily have been people trying to jump in long and catch a reversal only to see the price reverse on them.
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