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Cable Update (GBPUSD)

  • #748,441
  • May 31, 2023 2:29am May 31, 2023 2:29am
Quoting gespiri
{quote} If I may join the discussion.....Putin is not as dumb and GREEDY like the globalist elites in the EU, US, and Israel to cause a war this size. Russia is still recovering from from its population loss during the Bolshevik revolution and WWII. What these elites want is to STEAL all the natural resources in the middle and eastern part of Russia (just like they did in the middle east and latin America). This is why they have always demonized Putin's nationalist stance since he became president by expanding NATO closer (in violation of the Minsk...
I think you are on the right track. Two other concepts. The US needs an enemy. They don't really want to defeat Russia, it helps them justify their military and war spending. Note how just in case they did defeat Russia they are already setting China up as villain number 2 in the great game. Second concept, the US doesn't like that China and Russia don't follow US instructions globally. Both are threats to US supremacy and global dominance. Add these two concepts and you have figured out how our planet works right now.
  • #748,442
  • May 31, 2023 2:32am May 31, 2023 2:32am
Quoting GODofMC
Any view on GBPUSD?
Does it turn around or just continue to drop?
  • #748,443
  • May 31, 2023 2:33am May 31, 2023 2:33am
Quoting dantpm
{quote} Does it turn around or just continue to drop?
well I’m hoping for a turnaround lol still eyeing 126 by end of week
Insane in the Brain..
  • #748,444
  • May 31, 2023 2:35am May 31, 2023 2:35am
Quoting MrFanciful
{quote} When they have to increase debt limit so you can draw in more lenders in order to pay their previous lenders (which is what they say "We have to be able to borrow more or we will default"), that is the definition of a Ponzi scheme and they're are a con-man.
that's not evidence it's just something you have read or heard, the point I was trying to make is don't believe anything you hear or read...good luck to you...
  • #748,445
  • May 31, 2023 2:36am May 31, 2023 2:36am
Quoting dantpm
{quote} Does it turn around or just continue to drop?
i dont know too, my chart mixed
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #748,446
  • May 31, 2023 2:36am May 31, 2023 2:36am
Quoting ScalaFX
I can go long here I think, risky but worthly GU long 2400 will add to 2380 max then cut when get to 2350
2400, 2390, 2380, 2370 added, SL the same, target 2470
People don't plan to lose. They lose because they don't plan.
  • #748,447
  • May 31, 2023 2:38am May 31, 2023 2:38am
Quoting dantpm
{quote} Does it turn around or just continue to drop?
My view.
should get to 123.50, monitor price action from there
  • #748,448
  • May 31, 2023 2:41am May 31, 2023 2:41am
expecting US equities to be bearish all week and GU to follow

however, it has one more chance to make an upleg today on yesterdays H1 demand, around 1.2350-55 (or, around the 70.5% pullback of yesterdays swing, here)

seems unlikely at this point in time but, will scan the footprint for any confirmations around that zone, if it does make that upleg then can target 1.2475-80
  • #748,449
  • May 31, 2023 2:44am May 31, 2023 2:44am
Quoting dantpm
{quote} Does it turn around or just continue to drop?
Either way already put some buy, and red
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #748,450
  • May 31, 2023 2:47am May 31, 2023 2:47am
Quoting monaghan
{quote} My view. should get to 123.50, monitor price action from there

Several FVG's down to 1.235 and potential liquidity pools just below that so I believe this is possible.
  • #748,451
  • May 31, 2023 2:52am May 31, 2023 2:52am
Quoting mysterio
expecting US equities to be bearish all week and GU to follow however
Equities are waiting for the dept-ceiling votes. One is today evening. And then the senate. After that we can see a bullish day probably.
  • #748,452
  • May 31, 2023 2:57am May 31, 2023 2:57am
Quoting Eren10
{quote} Equities are waiting for the dept-ceiling votes. One is today evening. And then the senate. After that we can see a bullish day probably.
Meaning I should avoid trading since it mighy spark volatility?
Exhausted
  • #748,453
  • May 31, 2023 3:03am May 31, 2023 3:03am
Quoting Elysion
{quote} Meaning I should avoid trading since it mighy spark volatility?

With all of the chatter about GU rebounding, it makes sense that MM's would just drive the price down. The only real question is how much?
  • #748,454
  • May 31, 2023 3:08am May 31, 2023 3:08am
Quoting Elysion
{quote} Meaning I should avoid trading since it mighy spark volatility?

I was thinking NASDAQ would go up further before monday It tried. But dept-ceiling votes and some fears for higher interest rates captured the sentiment.

Still we can trade it for small time frames
  • #748,455
  • May 31, 2023 3:11am May 31, 2023 3:11am
Quoting Elysion
{quote} Meaning I should avoid trading since it mighy spark volatility?
yess already holding some minus near -$300
broke down 50 might Mced
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #748,456
  • May 31, 2023 3:17am May 31, 2023 3:17am
...over 76.4% of y/day's rise given back @ the current p/back lo of that move now. 1hr bullish hidden div is present but no real next higher t/f (ie 4hr) up trend to enter after a deep p/back. 1hr rangy more than anything right now, intraday bearish so far though, 4hr probably still in a messy general downtrend?

1hr below
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Trader with an Edge.
  • #748,457
  • May 31, 2023 3:24am May 31, 2023 3:24am
Quoting mysterio
expecting US equities to be bearish all week and GU to follow however, it has one more chance to make an upleg today on yesterdays H1 demand, around 1.2350-55 (or, around the 70.5% pullback of yesterdays swing, here) seems unlikely at this point in time but, will scan the footprint for any confirmations around that zone, if it does make that upleg then can target 1.2475-80
chancing the buy

TBH, low confidence in this trade. locking in breakeven stop asap.

target 1.2480

if it breaks lower, it will likely break last weeks low.

RR outweighs the probability is the only reason i'm in, ie positive expected return. moved the stop already.
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  • #748,458
  • May 31, 2023 3:25am May 31, 2023 3:25am
It's trying to change its structure to bullish on 1min
  • #748,459
  • May 31, 2023 3:28am May 31, 2023 3:28am
Gbp/jpy loves to get support from the hourly 200 ema band
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yes yes yes
  • #748,460
  • May 31, 2023 3:31am May 31, 2023 3:31am
Quoting GODofMC
{quote} yess already holding some minus near -$300 broke down 50 might Mced
you shall not pass 50
Fucked trade againt senior here
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
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