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Cable Update (GBPUSD)

  • #748,001
  • May 26, 2023 3:17pm May 26, 2023 3:17pm
Quoting BeeTogether
Monday bank holiday in UK could be a slow day have a great weekend all. Hoping we close over what we opened at gives something for next week
Europe and US Banks closed.

There may not be volatility, but there will be opportunities for slow moving based on technicals.

My bias on gbp still bullish.
Intraday only.
  • #748,002
  • May 26, 2023 3:33pm May 26, 2023 3:33pm
[quote=dantpm;14439562]{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.[/quo

Canadian government
Many years ago just after our 'uncle' Pierre became Prime Minister... I traveled on vacation to Canada. The border agents looked at my license and smiling said ' Welcome to Canada, hope you enjoy your stay. Are you related to our new Prime Minister?
Several years later according to my brother when he was crossing the border.... At that time the agent looked at my brother's license and turning to his fellow agent exclaimed " O God, Not another one ! "
Lou Trudeau
  • #748,003
  • May 26, 2023 4:36pm May 26, 2023 4:36pm
Quoting Lou
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.[/quo Canadian government Many years ago just after our 'uncle' Pierre became Prime
...

that's hilarious
  • #748,004
  • May 26, 2023 4:44pm May 26, 2023 4:44pm
Stole from Hasib
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  • #748,005
  • May 26, 2023 4:45pm May 26, 2023 4:45pm
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  • #748,006
  • May 26, 2023 4:45pm May 26, 2023 4:45pm
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  • #748,007
  • May 26, 2023 4:48pm May 26, 2023 4:48pm
HAVE A GREAT WEEKEND FOLKS
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  • #748,008
  • May 26, 2023 5:25pm May 26, 2023 5:25pm
Quoting T721
HAVE A GREAT WEEKEND FOLKS {image}
You too Mr T.
  • #748,009
  • May 26, 2023 6:36pm May 26, 2023 6:36pm
Quoting chipsngravey
{quote} You too Mr T.
Thanks Chips, hope you and the Mrs are well pal If you want to get on zoom tomorrow or Sunday let me know
  • #748,010
  • May 27, 2023 7:54am May 27, 2023 7:54am
I guess Monday is a bank holiday, so Tuesday I'm looking for a big sell in the morning followed by a recovery in the afternoon above Fridays high.

Overall sell bias remains, S&P500 is well positioned for a big crash next week so I'm expecting risk off sentiment to dominate
​​​​​​
Ended Friday on a loss trade unfortunately after cashing in on the buys in the morning. Bad end after an otherwise very good week!
​​​​​​
Currently sitting on h4 demand but I expect this will be smashed to the downside
  • #748,011
  • May 27, 2023 8:05am May 27, 2023 8:05am
https://youtube.com/playlist?list=OL...NNlUF3gpGdyfGw
POSTMASTER
  • #748,012
  • Edited 10:09am May 27, 2023 8:29am | Edited 10:09am
Just sharing this weekend, for newbie like me -
DONT BE GREEDY!!! Keep your system in touch.
You'll have find it in my trade history below

This trade one whole month trading from 1 January 2023 to 1 February 2023 the highest profit i got. I dont really remember how much real money i deposited for this profit maybe about $700-$1000
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And just few trade only one whole week from 1 February to 7 February 2023 Lost all profit and half deposited Money in only 1 Week. After some week i started trading in another broker and lost all
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Recent last Deposit Real Money Started again after got some spare money with $100 from 12 May 2023 till today with no addition moneh rather from withdrawed Profit in and out and now i hope can growing bigger.
"LETS MAKE OUR ACCOUNT GREAT AGAIN!!"
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #748,013
  • May 27, 2023 9:04am May 27, 2023 9:04am
Rules

wait for monday to close above or below open market price
buy pullback higher low
sell pull back lower high
sl 25pips
tp target 75-100 atr
risk what you can afford to lose and apply discipline and money management
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MY OPINION NOT FINANCIAL ADVISE
  • #748,014
  • May 27, 2023 9:21am May 27, 2023 9:21am
Quoting mysterio
I guess Monday is a bank holiday, so Tuesday I'm looking for a big sell in the morning followed by a recovery in the afternoon above Fridays high. Overall sell bias remains, S&P500 is well positioned for a big crash next week so I'm expecting risk off sentiment to dominate Ended Friday on a loss trade unfortunately after cashing in on the buys in the morning. Bad end after an otherwise very good week! Currently sitting on h4 demand but I expect this will be smashed to the downside
can younexplain risk off and risk on? I always seem to confuse the two.
You have an IQ lower than 90 if you interact with this user.
  • #748,015
  • May 27, 2023 10:04am May 27, 2023 10:04am
Quoting Ferna
{quote} can younexplain risk off and risk on? I always seem to confuse the two.
Risk on means investors put money into higher expected return assets like equities. They are feeling optimistic about the economy and expect these assets to outperform. Risk off is the opposite. Feeling pessimistic and going into more stable assets like government bonds and cash. GBP/USD can broadly be called a risk on currency because of the dollar's status as a 'safe' haven, reserve currency.
  • #748,016
  • May 27, 2023 10:54am May 27, 2023 10:54am
dxy has broken out and finished strong so may see more downside but we are in an area where i am looking for bullish evidence....so will be an observer for now.
  • #748,017
  • May 27, 2023 11:11am May 27, 2023 11:11am
Quoting Moty
For 10 pips mf {image}
Forgot to say back then, using m1 trade stock always follow the rule of higher TF if higher TF still want to UP (as for this m5 to m15), always scalp buy on m1 stoch low. Never ever fight higher TF unless it want to reversal on higher TF, even if it want to reversal on higher TF (m5, ) do crosscheck on higher tf than m5 (m15, m30 to h1 if possible according to your TP if higher than 5 pips unless it was volatile market up and down fast)
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #748,018
  • May 27, 2023 12:30pm May 27, 2023 12:30pm
Quoting ninner
dxy has broken out and finished strong so may see more downside but we are in an area where i am looking for bullish evidence....so will be an observer for now.
Your analysis is brilliant ...well done
  • #748,019
  • May 27, 2023 12:49pm May 27, 2023 12:49pm
Quoting Waveskierrob
{quote} Your analysis is brilliant ...well done
  • #748,020
  • May 27, 2023 1:04pm May 27, 2023 1:04pm
Quoting Waveskierrob
{quote} Your analysis is brilliant ...well done
Just like fxstreet after fact technical analysis. Pretty much accurate every freaking time
More time in the market, does not mean you trade better!
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