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Cable Update (GBPUSD)

  • #747,261
  • May 24, 2023 8:40am May 24, 2023 8:40am
Dx is at 103.470
Aussie is at daily low
Time to take long
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yes yes yes
  • #747,262
  • May 24, 2023 8:46am May 24, 2023 8:46am
FU dollar
  • #747,263
  • May 24, 2023 8:48am May 24, 2023 8:48am
Quoting MrFanciful
I was listening to the latest Palisades Gold Radio podcast this morning and the guy on it was talking about his research into historical US government debt. He's found that on average, US gov debt doubles approximately every 8 years. A number of years ago he also predicted $40 trillion of debt very soon and everyone thought he was crazy, but here we are at $32 trillion. He pointed out that the interest payments on $40 trillion debt at 5% (because the debt can't be repaid they have to roll it over to the current interest rates) would take up 50%...
That will cause hyperinflation and severe economic depression which will be worse post 1929 levels.
The best thing to do is for the US Corp. to file for bankruptcy protection.
Lost....
  • #747,264
  • May 24, 2023 8:54am May 24, 2023 8:54am
Quoting MrFanciful
FU dollar
shit it happens...it's the sCeptics of politics and banking...
  • #747,265
  • May 24, 2023 8:59am May 24, 2023 8:59am
1.2300
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #747,266
  • May 24, 2023 9:01am May 24, 2023 9:01am
Quoting tradexyz
{quote} shit it happens...
Seems to happen an awful lot to me. Another 60% of my account.
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  • #747,267
  • May 24, 2023 9:02am May 24, 2023 9:02am
This is 4hr (you can also see it on the daily). Around 1.2320-1.2344 a possible reversal to complete the right shoulder at 1.2535 for me in the coming days/weeks.
Let's wait and see.
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Lost....
  • #747,268
  • May 24, 2023 9:04am May 24, 2023 9:04am
We're in market equivalent of rapids now. stay sharp on this test of 103.65

all hell could break loose from here
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  • #747,269
  • May 24, 2023 9:05am May 24, 2023 9:05am
Quoting Yngwie
1.2300

Price appears to be watching FF and moving in the exact opposite direction to every posting today!
  • #747,270
  • May 24, 2023 9:06am May 24, 2023 9:06am
Quoting gespiri
This is 4hr (you can also see it on the daily). Around 1.2320-1.2344 a possible reversal to complete the right shoulder at 1.2535 for me in the coming days/weeks. Let's wait and see. {image}
I've been entering for that entry today and it raped me. That up trend on the 4HR DXY is just too straight and clean. It really looks like it's running out of momentm but it just keeps going that little bit further.
  • #747,271
  • May 24, 2023 9:07am May 24, 2023 9:07am
It will go up as soon as I shut my computer down to drive home and I'll miss it
  • #747,272
  • May 24, 2023 9:09am May 24, 2023 9:09am
EURUSD must be such a pain for day traders. with all the fireworks going on its mostly just sitting pretty.
  • #747,273
  • May 24, 2023 9:12am May 24, 2023 9:12am
Quoting MrFanciful
{quote} I've been entering for that entry today and it raped me. That up trend on the 4HR DXY is just too straight and clean. It really looks like it's running out of momentm but it just keeps going that little bit further.
Yeah....I don't like the long wicks on the hourly as well. However, patience is needed in this kind of PA. Good luck.
Lost....
  • #747,274
  • May 24, 2023 9:16am May 24, 2023 9:16am
I still have XAUUSD from Friday that's still negative.
That was from Friday. I should've closed before Powell's talk and taken a smaller loss.
Otherwise, today's trades closed with profit.
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Funded trader
  • #747,275
  • Edited 9:45am May 24, 2023 9:21am | Edited 9:45am
bearish daily ...
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Cam Levels https://www.livecharts.co.uk/Members...rex_pivots.php
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4 hr lower highs & lows
  • #747,276
  • May 24, 2023 9:22am May 24, 2023 9:22am
adding to longs EU now 0767, GU 2368, will add some more
People don't plan to lose. They lose because they don't plan.
  • #747,277
  • May 24, 2023 9:23am May 24, 2023 9:23am
TRADING WILL TEACH YOU WHAT YOU REFUSE TO LEARN IN SCHOOL.. ITS CALL PATIENCE..
MY OPINION NOT FINANCIAL ADVISE
  • #747,278
  • May 24, 2023 9:24am May 24, 2023 9:24am
most important level
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  • #747,279
  • May 24, 2023 9:24am May 24, 2023 9:24am
Bought 1.2361, target 1.2400.
Data + Stat + Risk/Emotions Management
  • #747,280
  • May 24, 2023 9:25am May 24, 2023 9:25am
1.2360...Called it
Shame I bought all the way down
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