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Cable Update (GBPUSD)

  • #809,861
  • Feb 15, 2024 2:59pm Feb 15, 2024 2:59pm
Quoting dantpm
{quote} Next level hacks!
Season 2 out soon
  • #809,862
  • Feb 15, 2024 3:21pm Feb 15, 2024 3:21pm
UK fell into recession at the end of 2023 as output shrank more than expected

China in recession
EU in recession
Japan in recession
UK in recession

and then we have US...

As everyone can see... markets don't give a flying f about a recession in EU, UK, Japan, China or anywhere else if it isn't US.
So, nothing to worry about.

Fed will very probably start cutting rates in May and that's when the PM will finally start going up some, but I believe stocks will outperform PM nonetheless. The best (PM) is saved for last! When economy falls of a cliff and stock market with it, on that day you will know, its name is the GOLD!

LoL
  • #809,863
  • Feb 15, 2024 3:24pm Feb 15, 2024 3:24pm
Tempting to short, but short term might extend to 12613 -44.
Short looks good to 12518-20.
  • #809,864
  • Feb 15, 2024 3:27pm Feb 15, 2024 3:27pm
This weeks best was Amazon stock sell.
Missed this party.
  • #809,865
  • Feb 15, 2024 3:29pm Feb 15, 2024 3:29pm
Quoting Jolita
Tempting to short, but short term might extend to 12613 -44. Short looks good to 12518-20.
Price should be going lower to 1.21. We had a test at 1.282 which marked the double top, so the next price I see is 1.21.
  • #809,866
  • Feb 15, 2024 3:33pm Feb 15, 2024 3:33pm
Quoting Whatevs
{quote} Price should be going lower to 1.21. We had a test at 1.282 which marked the double top, so the next price I see is 1.21.
Yes, but 125 is holding, look at daily curve, only needs to take 200 EMA first, 12530.
Weekly is kind of reversing and could close green, HL ATM, need a push lower.
Monthly still bearish and LL to previous month candle

Dxi retraced, and heads back up, so fingers crossed no one mentions early rate cuts
  • #809,867
  • Feb 15, 2024 3:42pm Feb 15, 2024 3:42pm
Quoting Godspromise
{quote} what were your trades?
tried to hold short eu gu
and long uj
but was not in charts today, so small size in the belief for a continuation down

minor loss, no problems at all
90% of traders use TA, indicators and prediction
  • #809,868
  • Feb 15, 2024 3:44pm Feb 15, 2024 3:44pm
Quoting Jolita
{quote} Yes, but 125 is holding, look at daily curve, only needs to take 200 EMA first, 12530.
True! However, any D1 candle closing below 1.2530 and I'm short and will keep adding on every pullback until 1.215 down there.
I'll trade something else until this pair decides where it wants to go... either break that 1.282 or 1.253.

Yeah, DXY should finish that pattern up at 106.5*.
  • #809,869
  • Feb 15, 2024 3:55pm Feb 15, 2024 3:55pm
Dollar remains reserve currency, no news
Third party as a US president, no news eighter, but interesting how dollar will react.
  • #809,870
  • Feb 15, 2024 4:08pm Feb 15, 2024 4:08pm
Quoting Whatevs
UK fell into recession at the end of 2023 as output shrank more than expected China in recession EU in recession Japan in recession UK in recession and then we have US... As everyone can see... markets don't give a flying f about a recession in EU, UK, Japan, China or anywhere else if it isn't US. So, nothing to worry about. Fed will very probably start cutting rates in May and that's when the PM will finally start going up some, but I believe stocks will outperform PM nonetheless. The best (PM) is saved for last! When economy falls of a cliff and...
What is "PM"??
You cannot fail if you never give up.
  • #809,871
  • Feb 15, 2024 4:14pm Feb 15, 2024 4:14pm
Quoting 7154Superman
{quote} What is "PM"??
Pre-Market
  • #809,872
  • Feb 15, 2024 4:16pm Feb 15, 2024 4:16pm
Quoting 7154Superman
{quote} Could it be that EUR/USD will drop to 1.06 - 1.065 tomorrow without looking back, then down to 1.03-1.04 next week or three?? A spinning top isn't looking likely today after all. But if tomorrow's red news is positive for USD, then we might have ourselves a bearish trend for the next few weeks.
Today's EUR/USD close is much higher than expected, but I expect bullish momentum to be completely exhausted for this quarter, and price to drop like a stone from here without any meaningful retrace, and red news tomorrow to break out down to 1.065 area, then possibly on down to 1.03 area within a month or two.
But I could be terribly wrong.
You cannot fail if you never give up.
  • #809,873
  • Feb 15, 2024 4:16pm Feb 15, 2024 4:16pm
Quoting Ferna
{quote} closed shorts. I went in long at 1.2580
Out at 1.26
You have an IQ lower than 90 if you interact with this user.
  • #809,874
  • Feb 15, 2024 4:24pm Feb 15, 2024 4:24pm
Quoting 7154Superman
{quote} Today's EUR/USD close is much higher than expected, but I expect bullish momentum to be completely exhausted for this quarter, and price to drop like a stone from here without any meaningful retrace, and red news tomorrow to break out down to 1.065 area, then possibly on down to 1.03 area within a month or two. But I could be terribly wrong.
I think today could be a bull fake out. If EUR/USD closes this week around 1.065 - 1.06 area, it could cause the momentum to shift to the downside during "no news" sessions.
Just a steady landslide to the bottom, and then some.
You cannot fail if you never give up.
  • #809,875
  • Feb 15, 2024 4:27pm Feb 15, 2024 4:27pm
Quoting 7154Superman
{quote} What is "PM"??
precious metal
  • #809,876
  • Feb 15, 2024 4:53pm Feb 15, 2024 4:53pm
Quoting Jolita
Dollar remains reserve currency, no news Third party as a US president, no news eighter, but interesting how dollar will react.

Isn't the concept of reserve currency obsolete?
Debt and transactions can be valued in any currency simply with an exchange rate. There is no need to use actual dollars or perform actual currency conversions the way there once was.
With China, Russia and more using their own currencies to circumvent various US sanctions, the NEED for the US$ as a reserve currency is even more undermined.
  • #809,877
  • Feb 15, 2024 5:53pm Feb 15, 2024 5:53pm
Quoting OperaniyiFx
Long GU again 1.2585 TP 20pips SL open
TP smashed again
  • #809,878
  • Feb 15, 2024 5:55pm Feb 15, 2024 5:55pm
Quoting Zebi
{quote} im keeping these orders till NY close then ill fire up my personal computer amd crunch numbers and new levels https://youtu.be/lEYyZSlQEdg?t=442
price hit my 2600 sell order 15 min. before the close LOL


being short makes me feel alive LOL


i cancelled the other orders and will place new ones when go to sleep later
short trump and go long the deepstate
  • #809,879
  • Feb 15, 2024 6:18pm Feb 15, 2024 6:18pm
I have opened short trades at 1.2596.

Valid until NYO.

However, when I make required profits, I will close all.
Intraday only.
  • #809,880
  • Feb 15, 2024 6:40pm Feb 15, 2024 6:40pm
So that means we should expect price to go up and another million pips profit for the bullshit artist navk?
Congratulations ScalaFX for coming out of the closet!
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