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Cable Update (GBPUSD)

  • #795,181
  • Dec 5, 2023 9:55am Dec 5, 2023 9:55am
The sl was supposed to be place above daily pivot and not above last swing high
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yes yes yes
  • #795,182
  • Dec 5, 2023 9:59am Dec 5, 2023 9:59am
Waiting patiently, break even set open TP for now
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  • #795,183
  • Dec 5, 2023 10:00am Dec 5, 2023 10:00am
Quoting dantpm
The RCM data doesn't support the soft landing rhetoric!
Some primary dealer forecast said trend 2024 will be GDP figure vs GDP figure.
Which means they are expecting US GDP figure will slowdown but remains in positive territory while Eurozone and Uk might slightly goes into red zone, given the lagging effect of monetary policy.
This will tend to be positive for dollar, per primary dealers 2024 economic outlook
More time in the market, does not mean you trade better!
  • #795,184
  • Dec 5, 2023 10:00am Dec 5, 2023 10:00am
apparently price hits R1 or S1 at least 70% on a daily basis. I would go with S1
  • #795,185
  • Dec 5, 2023 10:02am Dec 5, 2023 10:02am
Quoting jordanvic
{quote} only way it can resolve without pain is prices dont go up a much higher quickly since its already inflated high and every country goes back to ignoring debt. its a very very narrow possibility of landing but at this moment it looks like its getting ready for that despite being the unlikeliest scenario of all.
Small detail, that debt, GDP and spending has grown to the point where it isn't sustainable according to Powell...
  • #795,186
  • Dec 5, 2023 10:06am Dec 5, 2023 10:06am
Quoting Fardeen1209
{quote} Some primary dealer forecast said trend 2024 will be GDP figure vs GDP figure. Which means they are expecting US GDP figure will slowdown but remains in positive territory while Eurozone and Uk might slightly goes into red zone, given the lagging effect of monetary policy. This will tend to be positive for dollar, per primary dealers 2024 economic outlook
It isn't enough that the GDP is positive, it is supposed to be positive enough to cover interest payments and spending. Therein lies the problem!
  • #795,187
  • Dec 5, 2023 10:11am Dec 5, 2023 10:11am
Quoting dantpm
{quote} It isn't enough that the GDP is positive, it is supposed to be positive enough to cover interest payments and spending. Therein lies the problem!
Agreed.
But we can see this from another perspective - weak vs the weaker game
More time in the market, does not mean you trade better!
  • #795,188
  • Dec 5, 2023 10:15am Dec 5, 2023 10:15am
Quoting Fardeen1209
{quote} Agreed. But we can see this from another perspective - weak vs the weaker game
You are talking window dressing. "We" have a problem. Out of control government spending. Europe, the US, Canada and so on all have it. It wouldn't be so bad if there wasn't so much waste. Obscene public sector salaries by executives and downloading of government services on municipalities to hide their costs and promote more incompetent spending.
  • #795,189
  • Dec 5, 2023 10:16am Dec 5, 2023 10:16am
Quoting voeltoez
sold 2621 sl 2666
considering hold till tomorrow
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  • #795,190
  • Dec 5, 2023 10:19am Dec 5, 2023 10:19am
All out,!!!
It will save the break of 1.26000 level for tomorrow
This day is ovor
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yes yes yes
  • #795,191
  • Dec 5, 2023 10:23am Dec 5, 2023 10:23am
Quoting Moty
All out,!!! It will save the break of 1.26000 level for tomorrow This day is ovor {image}
So dumb.
Congratulations ScalaFX for coming out of the closet!
  • #795,192
  • Dec 5, 2023 10:23am Dec 5, 2023 10:23am
Quoting Moty
All out,!!! It will save the break of 1.26000 level for tomorrow This day is ovor {image}
2580 Moty.

Anyways, well done.
Intraday only.
  • #795,193
  • Dec 5, 2023 10:23am Dec 5, 2023 10:23am
like i said kaboooom....tzizing
average dude treading water
  • #795,194
  • Dec 5, 2023 10:24am Dec 5, 2023 10:24am
Quoting navk
{quote} 2680 Moty. Anyways, well done.
U mean 1.2580?
  • #795,195
  • Dec 5, 2023 10:25am Dec 5, 2023 10:25am
Quoting voeltoez
maybe 2556 low today..or 2700 today high
becarefull bulls
  • #795,196
  • Dec 5, 2023 10:27am Dec 5, 2023 10:27am
GBP/USD (Daily):
The price is now forming a reversal setup at the 61.8% Fibonacci retracement level.
After breaking through the local support, we may see the beginning of a downward movement towards the 1.21000 support area
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  • #795,197
  • Dec 5, 2023 10:28am Dec 5, 2023 10:28am
Quoting cablekingdom
{quote} U mean 1.2580?
yes, 2580 is s1.

Yesterday bearish close, in line with rules, s1 is target , this happens most of days.
Intraday only.
  • #795,198
  • Dec 5, 2023 10:29am Dec 5, 2023 10:29am
Quoting navk
{quote} 2580 Moty. Anyways, well done.
No exectly
But i promised you that if i stayed, it wouldn't happened
I am still remember how those mf turned my 62 $ in profit just before the news, into 30 $ loss
It is always against me
That way i am sure that nothing will take my hard worked profit
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yes yes yes
  • #795,199
  • Dec 5, 2023 10:29am Dec 5, 2023 10:29am
Quoting BeeTogether
{quote} still 126 resisting
kaboooom
average dude treading water
  • #795,200
  • Dec 5, 2023 10:30am Dec 5, 2023 10:30am
So close needed to give me a tiny bit more to pass my funded account lol , 200 dollars in it 1.2585 would have done it
Still trying for the last 200 now
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