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Cable Update (GBPUSD)

  • #787,301
  • Nov 1, 2023 1:26pm Nov 1, 2023 1:26pm
Quoting Luxyus
{quote} cryptoPowell , i m afraid he will say nothing new today and dollar will be pumped anyway
I’m not expecting too much from Powell. Although at times it’s something small and boom a spike
Insane in the Brain..
  • #787,302
  • Nov 1, 2023 1:28pm Nov 1, 2023 1:28pm
Quoting knkie
{quote} ugh thy should get rid of rates all together its frustrating my trading haha i only took one trade today PA has not been attractive for me
PA not been good all week. Nothing to give an indication and range has been very tight too.
Insane in the Brain..
  • #787,303
  • Nov 1, 2023 1:28pm Nov 1, 2023 1:28pm
You will go up mf
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yes yes yes
  • #787,304
  • Nov 1, 2023 1:30pm Nov 1, 2023 1:30pm
someone dm me and said stop posting demo trades..lol
demo your head!
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  • #787,305
  • Nov 1, 2023 1:33pm Nov 1, 2023 1:33pm
Quoting BeeTogether
{quote} PA not been good all week. Nothing to give an indication and range has been very tight too.
yeah i agree.
this is terrible for how i trade.
i need some momentum and pressure.

but i am glad i have learned when NOT to trade.
in wondering about yourself, you forgot what you came here to be part of
  • #787,306
  • Nov 1, 2023 1:39pm Nov 1, 2023 1:39pm
Quoting knkie
{quote} yeah i agree. this is terrible for how i trade. i need some momentum and pressure. but i glad i have learned when NOT to trade.
GU not been great past two weeks to be honest. I've mainly been trading Oil, FTSE and S&P. Much better price action. Used to only trade GU but this price action has forced me elsewhere for now.
  • #787,307
  • Nov 1, 2023 1:43pm Nov 1, 2023 1:43pm
worth im not sleeping
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  • #787,308
  • Nov 1, 2023 1:43pm Nov 1, 2023 1:43pm
Moty,

The sad part is i feel sorry for you. You never learn, always lose all your money. It's a shame you give it all back to the market, and make them richer.
  • #787,309
  • Nov 1, 2023 1:45pm Nov 1, 2023 1:45pm
Up down down up let the dust settle and see where next
Insane in the Brain..
  • #787,310
  • Nov 1, 2023 1:48pm Nov 1, 2023 1:48pm
Quoting BeeTogether
Up down down up let the dust settle and see where next
below 2170 i will always short..
  • #787,311
  • Nov 1, 2023 1:55pm Nov 1, 2023 1:55pm
Powell is quite clever, his tone is still hawkish and mentioned, the decision of no rate hike anymore is not gone... and also rate cut is not even on the table at all. So ISM numbers today was just a fire in the bush. For me it was first sign of interest rates working now.

Powell pushed the dollar up a bit, good job for the dollar. He just mentioned the power of US-Economy cause labor market is not showing any signs of cooling down. And they want steady numbers. If he ends his speech with that the dollar has gotten a big hit today but it will probably continue to get a bit stronger anyway, so GBP/USD still down.
  • #787,312
  • Nov 1, 2023 1:55pm Nov 1, 2023 1:55pm
Powell pls.
So many twist and turns.
Exhausted
  • #787,313
  • Nov 1, 2023 1:58pm Nov 1, 2023 1:58pm
Keep trying you sob keep trying
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yes yes yes
  • #787,314
  • Nov 1, 2023 1:58pm Nov 1, 2023 1:58pm
I'm I the only one seeing this statements as Dovish?

Nothing is Hawkish here, let me hold my Long position
I live in the future
  • #787,315
  • Nov 1, 2023 2:00pm Nov 1, 2023 2:00pm
Quoting TonyTepeli
I'm I the only one seeing this statements as Dovish? Nothing is Hawkish here, let me hold my Long position
Yes, probably you are the only one, lol. (no, not sure but I also see it more hawkish, no rate cut at all on the table yet)
  • #787,316
  • Nov 1, 2023 2:00pm Nov 1, 2023 2:00pm
Quoting TonyTepeli
I'm I the only one seeing this statements as Dovish? Nothing is Hawkish here, let me hold my Long position
He's trying to tone it into hawkish/neutral stance although most things are pointing to a weaker USD.
That's why the up down range.
Exhausted
  • #787,317
  • Nov 1, 2023 2:02pm Nov 1, 2023 2:02pm
Quoting TonyTepeli
I'm I the only one seeing this statements as Dovish? Nothing is Hawkish here, let me hold my Long position
I'm holding long too, following the price.
Looking for 1.22 at least if possible. (Not today)
Exhausted
  • #787,318
  • Nov 1, 2023 2:05pm Nov 1, 2023 2:05pm
Quoting JackintheBox
{quote} Yes, probably you are the only one, lol. (no, not sure but I also see it more hawkish, no rate cut at all on the table yet)
Yes I guess so , because each time I find myself on the side of majority I pose and reflect, majority loose
Just a little joke pal , but I see them as Dovish thus why we will likely see a bullish move.
I live in the future
  • #787,319
  • Nov 1, 2023 2:11pm Nov 1, 2023 2:11pm
Quoting Scotteyy
{quote} GU not been great past two weeks to be honest. I've mainly been trading Oil, FTSE and S&P. Much better price action. Used to only trade GU but this price action has forced me elsewhere for now.
yes its a mess

i should try to trade commodities.
mastering forex was always my goal but perhaps its time to diversify
in wondering about yourself, you forgot what you came here to be part of
  • #787,320
  • Nov 1, 2023 2:22pm Nov 1, 2023 2:22pm
Quoting knkie
{quote} yes its a mess i should try to trade commodities. mastering forex was always my goal but perhaps its time to diversify
I was always against trading commodities or index's, infact, I was against trading anything other than GBP/USD until I "mastered" it. Nowadays I have a few commodities, a few index's and a few currencies in my watchlist. I check the daily to see if they have nice price action then they go on my intraday watchlist, then I just wait for my setup.

At least for me, more opportunities has meant less bad entries due to boredom and being able to avoid bad price action.
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