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Cable Update (GBPUSD)

  • #747,961
  • May 26, 2023 11:04am May 26, 2023 11:04am
Out long, switch short because higher tf gives me a bearish signal.
Unless price went up to 1.236
Exhausted
  • #747,962
  • May 26, 2023 11:05am May 26, 2023 11:05am
Good bye bulls
  • #747,963
  • May 26, 2023 11:07am May 26, 2023 11:07am
Quoting dantpm
{quote} Trading Monday will be interesting with UK closed, US closed, Germany closed. Tokyo, Australia are open. There are other markets in the Middle east and Canada that are open. Not sure if any fx gets done in Canada.
Wait it's all closed? I only saw CAD bank holiday on FF

Edit: Oh I got the wrong date. I looked at 22nd Mau instead.
Exhausted
  • #747,964
  • May 26, 2023 11:09am May 26, 2023 11:09am
Quoting Fardeen1209
{quote} 30 years ago I was not even born, but since 2 decades the mauritian economy and its financial system has been developed consistently, today it is very easy to make an international transfer or payment, or insurance for saving, we have many branches of renowned banks here. The best 2 banks is MCB or SBM. The Financial Service Commission dont play when it is regarding the credibility of the Mauritian financial system. The best thing here i love is with a proper wealth structure, you can live like a king.
My problem is that in Europe the insurance for each bank account is 100,000 euros. It is probably much lower in Mauritius. I speak French very well, but my skin can't take more sun, I need a pool in the shade, not a great beach in the sun
  • #747,965
  • May 26, 2023 11:10am May 26, 2023 11:10am
Quoting Whale
Good bye bulls
They're still in the market apparently.
Exhausted
  • #747,966
  • May 26, 2023 11:11am May 26, 2023 11:11am
Quoting dantpm
{quote} Trading Monday will be interesting with UK closed, US closed, Germany closed. Tokyo, Australia are open. There are other markets in the Middle east and Canada that are open. Not sure if any fx gets done in Canada.
So Asian session Yen is still tradeable.
Other than that I see no point of trading.
Maybe slight movements in New York.
Exhausted
  • #747,967
  • May 26, 2023 11:12am May 26, 2023 11:12am
Quoting Wavegarrick
{quote} Had to refer back to a prior post. 1.23911 has been important and by the looks of it we might see the first daily close below it. Certainly concerning for bulls. There should be a pull back for bulls and I am leaning towards 1.24000 ish. It is what it is and I could look at opening shorts with a target towards 1.22500 or 1.20000 ish. Nothing cast in stone and will have to see how tomorrow unfolds. Cheers. {image}
I am not going to get too pre-occupied with what price may or not do. Swings occur over some time. I am in with a buy and a sell. It is all unclear at the moment. For now 1.23911 is important for a weekly close below to say the least. There could be ranging around this area and I am not convinced yet that bears are in control. We have a few days to go to month end next week and a monthly candle close below current lows will be crucial for bears. Technically speaking I support a bull scenario for now for a decent retrace. Will have to see how the weekly candle close unfolds, will it be above or below 1.23911?
Cheers.
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Trade to trade another day
  • #747,968
  • May 26, 2023 11:13am May 26, 2023 11:13am
Quoting maxi444
{quote} My problem is that in Europe the insurance for each bank account is 100,000 euros. It is probably much lower in Mauritius. I speak French very well, but my skin can't take more sun, I need a pool in the shade, not a great beach in the sun
Then why not using Swiss bank
Or govt bonds?
For the excess liquidity while the immediate use of cash is rest in a well know bank in your own country with low possibility to go bankrupt
​​​​​​

Or
Use the 183days tax rule to get yourself a tax resisdency in mauritius then choose the winter season to stay here. This way you will get the <100k insurance deposit. While renting a villa at ~€2000 monthly but can go much lower if you get a contract for 6month stay.
Not sure how it exactly worked, need to consult a professional advisor first.
More time in the market, does not mean you trade better!
  • #747,969
  • May 26, 2023 11:17am May 26, 2023 11:17am
Looking to bounce downwards from pivot to recent lows. A break above is bullish til the end of the day. SL at BE.
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  • #747,970
  • May 26, 2023 11:24am May 26, 2023 11:24am
For 10 pips mf
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yes yes yes
  • #747,971
  • May 26, 2023 11:24am May 26, 2023 11:24am
Quoting voeltoez
Long 1.2330 for j.co donuts
closed 15p
  • #747,972
  • May 26, 2023 11:24am May 26, 2023 11:24am
Quoting Fardeen1209
{quote} Then why not using Swiss bank Or govt bonds? For the excess liquidity while the immediate use of cash is rest in a well know bank in your own country with low possibility to go bankrupt Or Use the 183days tax rule to get yourself a tax resisdency in mauritius then choose the winter season to stay here. This way you will get the <100k insurance deposit. While renting a villa at ~€2000 monthly but can go much lower if you get a contract for 6month stay. Not sure how it exactly worked, need to consult a professional advisor first.
I can't open a Swiss account because the interest rates are negative there. All bonds incur high fees and are uninsured. I told you all because I was considering moving to Mauritius but it wasn't the best choice for me. As the first love?
  • #747,973
  • May 26, 2023 11:27am May 26, 2023 11:27am
Quoting Fardeen1209
{quote} Then why not using Swiss bank Or govt bonds? For the excess liquidity while the immediate use of cash is rest in a well know bank in your own country with low possibility to go bankrupt Or Use the 183days tax rule to get yourself a tax resisdency in mauritius then choose the winter season to stay here. This way you will get the <100k insurance deposit. While renting a villa at ~€2000 monthly but can go much lower if you get a contract for 6month stay. Not sure how it exactly worked, need to consult a professional advisor first.

I am pretty sure that when you look at each country, government insurance for deposits is fairly restricted if it even exists! You are better off having a couple of bank accounts spread your money between them. The wisdom of this approach was shown in Canada where during the truckers strike last year, the Canadian government seized bank accounts of people they thought were helping the truckers without any court orders they simply did it.
  • #747,974
  • May 26, 2023 11:28am May 26, 2023 11:28am
Quoting maxi444
{quote} I can't open a Swiss account because the interest rates are negative there. All bonds incur high fees and are uninsured. I told you all because I was considering moving to Mauritius but it wasn't the best choice for me. As the first love?
What about UAE?
I'm considering to move there.
The sun will really cause you a problem.
Idk about weather in Hong Kong but it is great place for business too
More time in the market, does not mean you trade better!
  • #747,975
  • May 26, 2023 11:33am May 26, 2023 11:33am
Quoting Moty
For 10 pips mf {image}
m1 stoch, one may trapped, i do trspped a lot, but nice you put SL
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #747,976
  • May 26, 2023 11:34am May 26, 2023 11:34am
Quoting dantpm
{quote} I am pretty sure that when you look at each country, government insurance for deposits is fairly restricted if it even exists! You are better off having a couple of bank accounts spread your money between them. The wisdom of this approach was shown in Canada where during the truckers strike last year, the Canadian government seized bank accounts of people they thought were helping the truckers without any court orders they simply did it.
One of the reason all my money left after paying tax, is either go to bicoin, real estate, or a company listed in Stock Exchange Mauritius in either commercial real estate or construction industry.
I have very little amount of money in cash, my girlfriend need to pay for the dinner once i had no money left in my card i forgot to cash out capital gains and there is no capital gain tax in mauritius.
Use the tax code against the tax collectors. And it feels like using someone words against themselves
I like to give no one power to control me
More time in the market, does not mean you trade better!
  • #747,977
  • May 26, 2023 11:35am May 26, 2023 11:35am
Sorry, no, I already have dinner plans.
Quoting Pat Chiko
{quote} Hey Sista, what are you doing later.... Free to go clubbing tonight ?... " I'm asking for a friend" Thanks you
Funded trader
  • #747,978
  • May 26, 2023 11:36am May 26, 2023 11:36am
Quoting Fardeen1209
{quote} What about UAE? I'm considering to move there. The sun will really cause you a problem. Idk about weather in Hong Kong but it is great place for business too
I solved the problem for me, I hope for the next ...200 years
  • #747,979
  • May 26, 2023 11:38am May 26, 2023 11:38am
Quoting GODofMC
{quote} m1 stoch, one may trapped, i do trspped a lot, but nice you put SL
M1 stochastic is great.
But it takes time to master it.
I have good entries with very tight SL [5 pips] sometimes because of the entries.
Exhausted
  • #747,980
  • May 26, 2023 11:40am May 26, 2023 11:40am
Quoting Whale
Good bye bulls
Bears where? I'm still waiting.
Exhausted
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