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Cable Update (GBPUSD)

  • #813,141
  • Mar 1, 2024 11:05am Mar 1, 2024 11:05am
Gold buying is madness.
  • #813,142
  • Mar 1, 2024 11:06am Mar 1, 2024 11:06am
Quoting Pat Chiko
{quote} The good news is, GU (GBP/USD) is taking its sweet time compared to the crazy swings of other instrument. I just popped in for some pocket change, but no need to worry, most of my positions are looking good now! Great to see you and the rest of GU enthusiasts still hanging on to GU trades! It takes a special kind of zen to watch GU meander around like a sleepy turtle. Still, gotta respect the folks who can stay focused and grind out some profits! Take care. Here is GU ( with few thousand negative in few top position) I've parked myself...
GU

Update scalping position

Today, the US dollar got weaker because a report showed that manufacturing in the US isn't doing so well.
ISM Report, says that in February, the Manufacturing PMI (which shows how well manufacturing is doing) dropped to 47.8.
That's lower than January's number, which was 49.1. People were expecting it to be around 49.5, so it's a bit worse than expected.

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Employment (which means how many people are getting jobs) went down.
New Orders, which show how many new orders factories are getting, also went down.

Looking ahead, people think the Federal Reserve (Fed) will keep things the same at their meeting in March, and it's unlikely they'll cut interest rates in May.
Maybe by June, there's a 50% chance they might cut rates.


Dollah Index
USD Dollah Index trades is bearish, not breaking the resistance bearishly, marking a weak end to the week. Thus Long trades on EURUSD, Crude Oil, Gold & BTC played out. Except for GBP as it is a weaker currency too.
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GBP is not that strong, but USD is super weak as the performance against GOLD, Auzzie and Euro.


Quoting Pat Chiko
{quote} GOLD Updating scalping position. Revision of EW count. Later today we have the ISM Manufacturing PMI data for February, which will provide insights into the US economic outlook. Expected to be lower than 50%.{image}
GOLD climbs back over $2,080.00 may spark GBP/USD to follow her next week,.
With FED latest Monetary Policy Report offers valuable insights into the central bank's assessment of the current economic and inflation.
Prompt possible lowering interest rates, a move closely watched by financial markets.
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With that GU possibly follow the footstep of BTC, S&P500, DOW, NASDAQ and the darling GOLD.


Have a nice weekend and dont steal people home or land.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #813,143
  • Mar 1, 2024 11:08am Mar 1, 2024 11:08am
Quoting Coreg2004
{quote} Bones, yes, maybe, perhaps... February low has to hold for bulls... {image} {image}
trouble with this thread Coreg is they don't know what a useful post looks like
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #813,144
  • Mar 1, 2024 11:10am Mar 1, 2024 11:10am
Quoting TraderFX.Id
gold could straigh to 2084 weekly carefull bears
lol...im short now 2082 no tp no sl
dont teach me how to buy. im sellers!!
  • #813,145
  • Mar 1, 2024 11:11am Mar 1, 2024 11:11am
Forecasts for NFP and other data are all out.
Let's see how many traders will survive March hahahah.
  • #813,146
  • Mar 1, 2024 11:11am Mar 1, 2024 11:11am
Quoting Waveskierrob
{quote} Sorry Dave just finishing reading the paper... {image} ...so how can I help you...
Waveskie, it is time to dump the dollar and start piling GOLD or Bitcoin.
Liquidate your dollar currency , soon it will get lower as FED already getting ready to print more to finance Ukraine and Isreal.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #813,147
  • Mar 1, 2024 11:13am Mar 1, 2024 11:13am
Quoting hamedsna
I will close gold in BE, PA is screaming, 'Your money is mine!
It was a timely action. If I hadn't closed it, I probably would have been waiting for its drop to the channel's bottom and in the end, would have hit the stop loss.
now selling gold till 90 for long term and next week for below of 50..
  • #813,148
  • Mar 1, 2024 11:13am Mar 1, 2024 11:13am
GOLD literally going to moon.......
Extreme gut feeling trader
  • #813,149
  • Mar 1, 2024 11:15am Mar 1, 2024 11:15am
Quoting ScalaFX
Gold sell 2077 will add till 2085 lets see

Got to 2085 ...
  • #813,150
  • Mar 1, 2024 11:16am Mar 1, 2024 11:16am
Quoting ScalaFX
Gold sell 2077 will add till 2085 lets see
active
People don't plan to lose. They lose because they don't plan.
  • #813,151
  • Mar 1, 2024 11:16am Mar 1, 2024 11:16am
Quoting Bones
{quote} trouble with this thread Coreg is they don't know what a useful post looks like {image}
Bones, no $heet man, you beat me...I was about to post a warning: Beware of the false prophets...how do you read the hourly reversal bar?... then I read your post. Check the time stamp on my chart...
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Always trade your own plan...I don't provide trading signals.
  • #813,152
  • Mar 1, 2024 11:17am Mar 1, 2024 11:17am
Quoting Pat Chiko
{quote} GU Update scalping position Today, the US dollar got weaker because a report showed that manufacturing in the US isn't doing so well. ISM Report, says that in February, the Manufacturing PMI (which shows how well manufacturing is doing) dropped to 47.8. That's lower than January's number, which was 49.1. People were expecting it to be around 49.5, so it's a bit worse than expected. {image} Employment (which means how many people are getting jobs) went down. New Orders, which show how many new orders factories are getting, also went down....
0% chance of a rate cut before the summer election rallies!

US Government has to 'print money' to fund the war since they won't raise taxes on Americans more to fund the war. Increased money supply = higher inflation!
  • #813,153
  • Mar 1, 2024 11:23am Mar 1, 2024 11:23am
Quoting Waveskierrob
{quote} That one was a selfie ....
Always trade your own plan...I don't provide trading signals.
  • #813,154
  • Mar 1, 2024 11:31am Mar 1, 2024 11:31am
Quoting Coreg2004
{quote}
"Pinterest"...
  • #813,155
  • Edited 12:24pm Mar 1, 2024 11:32am | Edited 12:24pm
Quoting Zebi
ill look to short in 2hours and 10 minutes when the 4H candle closes

im gona get a sell signal on 4H candle close so im jumping in little early and took a small short at 2653 since its friday...it feels unnatural when im not short such a big hourly green candle thats begging to be retraced since yesterday the monthly gave a sell signal LOL...ll short more sunday nite and monday

so thats that like the old greaseball said in goodfellas

Inserted Video
short trump and go long the deepstate
  • #813,156
  • Mar 1, 2024 11:52am Mar 1, 2024 11:52am
Quoting Waveskierrob
{quote} Not a very good example of chart with trade 1/10 ...could do better...
A profitable trade nonetheless. Gave abit too much back but oh well. Will be looking to short now at resistance next week possibly
  • #813,157
  • Mar 1, 2024 11:57am Mar 1, 2024 11:57am
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  • #813,158
  • Mar 1, 2024 12:52pm Mar 1, 2024 12:52pm
Quoting billGU
{quote} Well, I suppose that would make two of us whose orders never really touch the live market - I exclusively trade prop, and there is absolutely no doubt in my mind that your account sits rather firmly on the B-book. {quote} It doesn't surprise me you try to 'predict' news releases. I tend to refrain from attempting to compete with those that hold greater experience, knowledge, and access to information (referring to the institutions that forecast news numbers, not yourself). This may be a new concept to you, but my strategy does not entail...
Suspended think you should have membership revoked for using the word "spastics" only Twee will be the judge, you really are not a nice person are you ... oh well not nice knowing you...
  • #813,159
  • Mar 1, 2024 12:59pm Mar 1, 2024 12:59pm
Quoting dantpm
{quote} Got to 2085 ...

2088 is ress
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yes yes yes
  • #813,160
  • Mar 1, 2024 1:07pm Mar 1, 2024 1:07pm
Quoting Moty
{quote} 2088 is ress {image} {image}
just a feeling when on friday gold has these monster moves usually on monday asia also shoots up … just a gut feeling
Extreme gut feeling trader
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