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Cable Update (GBPUSD)

  • #746,561
  • May 19, 2023 10:17am May 19, 2023 10:17am
Quoting spzd
{quote} It's a discussion panel. Powell will likely be done and gone by 11:45 ET.
oh i see. He would probably stay hawkish like his other colleagues have which could give dollar a nice tailwind into the weekend.
  • #746,562
  • May 19, 2023 10:19am May 19, 2023 10:19am
Quoting Pat Chiko
{quote} Good nite all. Trade safely. Need to focus now Call it end of the week. Take care. . . . . . . PAT Chiko Sometimes you just get lucky with who randomly sits next to you in long haul flight. Luck in everything{image}
why so catty pat? You high on your gains right now? Don’t be so snobby
be a thinker before being a reacter
  • #746,563
  • May 19, 2023 10:20am May 19, 2023 10:20am
Attached Image (click to enlarge)
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nice bounce... off 38.2
  • #746,564
  • May 19, 2023 10:20am May 19, 2023 10:20am
Quoting busifx
{quote} oh i see. He would probably stay hawkish like his other colleagues have which could give dollar a nice tailwind into the weekend.
Yup. Most of the voting members have already sided hawkish. No telling how long the effects will last.
Mark ... Everything you have been told is a LIE
  • #746,565
  • May 19, 2023 10:22am May 19, 2023 10:22am
Quoting MrFanciful
So what did Powell say that makes me want to kiss him?
JP Morgan wants to know that too
  • #746,566
  • May 19, 2023 10:22am May 19, 2023 10:22am
Quoting OperaniyiFx
{quote} i added more buy 4.0 lot
i told you all.
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  • #746,567
  • May 19, 2023 10:23am May 19, 2023 10:23am
Quoting spzd
{quote} Yup. Most of the voting members have already sided hawkish. No telling how long the effects will last.
My thought is that most (big dawgs) already figured this out and the effects only mess up the technicals. SP500 is bouncing in a tight range. Can't trade ongoing Fed speak.
Mark ... Everything you have been told is a LIE
  • #746,568
  • May 19, 2023 10:25am May 19, 2023 10:25am
Quoting busifx
{quote} oh i see. He would probably stay hawkish like his other colleagues have which could give dollar a nice tailwind into the weekend.
Wait, if Powell is hawkish, why is DXY plunging?
  • #746,569
  • May 19, 2023 10:27am May 19, 2023 10:27am
Looks like we’ve seen todays high
Insane in the Brain..
  • #746,570
  • May 19, 2023 10:27am May 19, 2023 10:27am
Attached Image (click to enlarge)
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  • #746,571
  • May 19, 2023 10:27am May 19, 2023 10:27am
Just follow the cycle. Pump after the dump and dump after the pump.
Success = Practice + Patience + Persistence
  • #746,572
  • May 19, 2023 10:28am May 19, 2023 10:28am
Yes yes and yes
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yes yes yes
  • #746,573
  • May 19, 2023 10:33am May 19, 2023 10:33am
It’s already bad enough that people gain confidence to talk down on others over the internet. It’s even worse when said people are scare to direct their angst to the person of whom they are speaking of. I hate a coward.
be a thinker before being a reacter
  • #746,574
  • Edited 10:50am May 19, 2023 10:34am | Edited 10:50am
Quoting Wavegarrick
{quote} This has fresh legs to go in my opinion with a possible cyclic move. 1.25500 is important for bulls. Cheers. {image}
Can we see a weekly close above 1.25000?. I have closed some of my weaker trade for minus 49 pips today with some trades locked at b/even and some.
Nevertheless all is not lost for Bulls yet. A weekly close below my blue line at 1.23911 ish is the edge of the cliff and a break below will have me consider medium term shorts.
Have a great weekend,
Cheers.
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Trade to trade another day
  • #746,575
  • May 19, 2023 10:34am May 19, 2023 10:34am
I dont know why price getting all this bumps down
we will take 1.251 Wednesday high today or Monday
  • #746,576
  • May 19, 2023 10:35am May 19, 2023 10:35am
rumour on the wire reporting breakdown in debt ceiling meeting and GOP walk out of meeting.

not sure what the potential impact could be since Powel is also speaking now.
  • #746,577
  • May 19, 2023 10:42am May 19, 2023 10:42am
1.25 calling
H4 Clear for bull
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  • #746,578
  • May 19, 2023 10:44am May 19, 2023 10:44am
Quoting ScalaFX
{quote} first 2435, added 2447
shit, added 2465
People don't plan to lose. They lose because they don't plan.
  • #746,579
  • May 19, 2023 10:45am May 19, 2023 10:45am
I might live to regret it but my target is 1.2530. Entered a buy at 1.2398 this morning ad have held all day. Going to hold open over the weekend. Only risking 2% per trade

Had a good week. Yellow line is account balance. Green line is account balance + unrealised profit/loss
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  • #746,580
  • May 19, 2023 10:46am May 19, 2023 10:46am
I'm new to all this trading stuff but from my limited knowledge it looks like a drop to 12440 and then a jump to 12500?
283 traders viewing now, 2 are registered:
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TooSlow