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Cable Update (GBPUSD)

  • #819,561
  • Mar 31, 2024 9:29pm Mar 31, 2024 9:29pm
we talk high level stupidity, the fact you're in that trade over a weekend like that says it all,
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #819,562
  • Mar 31, 2024 11:47pm Mar 31, 2024 11:47pm
Quoting Zebi
{quote} pat...please don't encourage the room to turn bullish on UJ....the more people feel that way means we'll lose I didn't get in early for the breakout hier to lose money when the circus starts buying edit: oh nevermind...i just took a closer look at your chart and the arrow points down ...i read accumulation so assumed you were boolish
As per my system, GJ will be more bullish than UJ in the coming days. We'll see how it goes, 75% are short on UJ according to retail sentiment on myfxbook for now. So UJ will be going up it seems?
How you exit from trades, is all that matters..
  • #819,563
  • Mar 31, 2024 11:55pm Mar 31, 2024 11:55pm
EUR/USD

1.074 W1 Support

1.0665 - 1.0635 MN Support

Below - Free Fall

GBP/USD

1.246 W1 Support
1.229 W1 Support

1.2244 MN Support
1.21 MN Support

Below - Free Fall
  • #819,564
  • Apr 1, 2024 1:26am Apr 1, 2024 1:26am
nearest support 2619 , earliest signal up 2630 breaks and hold for target then possible 2678. so waiting and waiting for this small scalping set up today. , once done may "be" to trail for further ups! limit orders from 2622 to 12 ok though if try in advance , without signal. take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #819,565
  • Apr 1, 2024 2:20am Apr 1, 2024 2:20am
GBP/JPY 4H
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!! Radha Radha !!
  • #819,566
  • Apr 1, 2024 2:21am Apr 1, 2024 2:21am
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yes yes yes
  • #819,567
  • Apr 1, 2024 2:22am Apr 1, 2024 2:22am
GBP/USD 4H
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!! Radha Radha !!
  • #819,568
  • Apr 1, 2024 2:46am Apr 1, 2024 2:46am
Enough with those holidays
I want to trade properly
The movement is choppy
Fuck it
I am gambling on short gold
yes yes yes
  • #819,569
  • Apr 1, 2024 3:05am Apr 1, 2024 3:05am
Quoting Moty
Enough with those holidays I want to trade properly The movement is choppy Fuck it I am gambling on short gold
lol
  • #819,570
  • Apr 1, 2024 3:12am Apr 1, 2024 3:12am
1. Long. 10 pip SL
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Emotional Control. Process, not outcome.
  • #819,571
  • Apr 1, 2024 3:13am Apr 1, 2024 3:13am
Quoting Moty
Enough with those holidays I want to trade properly The movement is choppy Fuck it I am gambling on short gold
Emotional Control. Process, not outcome.
  • #819,572
  • Apr 1, 2024 3:40am Apr 1, 2024 3:40am
Quoting Pat Chiko
{quote} GU "Pump and dump" for the NFP. {image} {image} {image}

GU

add @QM/OB
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I come from the future.
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  • #819,573
  • Apr 1, 2024 3:42am Apr 1, 2024 3:42am
Quoting Pat Chiko
{quote} UJ grabbing some pips on accumulation phase moving in preparation for NFP Total that is four (4) short now................. {image}
UJ

add @OB, rejections FVG
TL retest/broken
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #819,574
  • Apr 1, 2024 3:48am Apr 1, 2024 3:48am
Quoting Zebi
{quote} pat...please don't encourage the room to turn bullish on UJ....the more people feel that way means we'll lose I didn't get in early for the breakout hier to lose money when the circus starts buying edit: oh nevermind...i just took a closer look at your chart and the arrow points down ...i read accumulation so assumed you were boolish
Hey Zebi, thanks!

I'm just trying to be careful with the short trade on the N3.
The market's been stuck sideways, and maybe New York will shake things up today.

The trade could go either way since no volume were trading during the European session (Holyday).
I'm just keeping an eye out in case the price breaks higher.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #819,575
  • Apr 1, 2024 3:50am Apr 1, 2024 3:50am
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Quoting Moty
Enough with those holidays I want to trade properly The movement is choppy Fuck it I am gambling on short gold
yes yes yes
  • #819,576
  • Apr 1, 2024 4:06am Apr 1, 2024 4:06am
Quoting Jade Gate
{quote} Ya think? I think they're just pumping bec there's no competition and the free/cheap money runs out today (01/04) and it's still 31/03 over there. Liquidity squeeze kicks in for them tomorrow. And bec it's the end of the month so capital inflows.
"Hey Jade Gate, thanks for great view & thoughts.

You're definitely right, there's a lot going on that could affect things in the short term.
The QE ending and the possibility of a liquidity squeeze are good points to keep in mind.

About the 'pump and dump' idea, that can definitely happen with individual stocks, especially when prices get crazy high.
But for the whole market, the first quarter often sees portfolio shuffling which can boost prices.
Attributing it all to a lack of competition is a bit of a stretch though.

And that end-of-month capital inflow thing?
Yeah, that can sometimes give things a bump as funds rebalance.
Interesting call!

The one that really caught my eye was your point about 'free money running out.'
Exactly, the Fed's QE programs did wrap up in March 2022.
But they're still keeping interest rates low, which is kind of like another form of loose money policy, you know?"

Overall, though, I still have faith in the long-term strength of the US economy and the companies in the S&P 500.
So I'm comfortable holding my long position for now.

This market is definitely complex, and it's always valuable to hear different perspectives.
Thanks for sharing yours, Jade Gate!
Let's see how things play out.

Appreciate the chat, trade safe, and regards!

Pat CHIKO
I come from the future.
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  • #819,577
  • Apr 1, 2024 4:28am Apr 1, 2024 4:28am
Quoting Pat Chiko
{quote} "Hey Jade Gate, thanks for great view & thoughts. You're definitely right, there's a lot going on that could affect things in the short term. The QE ending and the possibility of a liquidity squeeze are good points to keep in mind. Pat CHIKO
Thanks Pat. The US traders are going to need USD in order to keep pumping the stock market. End of month always sees an influx of money into stocks, from pension funds, hedge funds, banks etc as they have to turn a quick profit in order to make end of month interest payments to cash investors and ensure their clients see a decent return on their investments. And yes, the liquidity squeeze plays right into that.

So objective today, look at targeting (short) those things that are most vulnerable to USD strength - BTC, WTI and Gold (the latter is a line call). I'm already short all of them and in profit. TP stops in place in case market bites my arse. Worse case scenario, make a little money, best case scenario, make a shitload of money.

Always need to look at the whole picture, not just one piece of it. Just my 2c.
  • #819,578
  • Apr 1, 2024 4:32am Apr 1, 2024 4:32am
AUSTRALIA Digital ID

Heard about Australia rolling out a digital ID?

Wondering if it's true.
Maybe our Australian friends on this forum could shed some light on it.

And if they do, could people miss out on benefits and services because they don't have it?
Seems like it could mess with privacy and personal data.
Kind of feels like China's surveillance stuff. Its China V2.0

Australia's often a testing ground for the US and UK, right?
People probably saw this coming.
If Aussies just accept it, well, it's on them.

Privacy worries are real.
Who knows, next thing they might want to tattoo barcodes on foreheads.
Hope I'm not giving them ideas!

I wonder what our Aussie friends think about all this and what's in store for them.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #819,579
  • Apr 1, 2024 4:43am Apr 1, 2024 4:43am
Quoting Pat Chiko
AUSTRALIA Digital ID Heard about Australia rolling out a digital ID? Wondering if it's true. Maybe our Australian friends on this forum could shed some light on it.
This is the official govt website. It's an opt-in or stay out choice.
https://www.digitalidentity.gov.au/about-digital-id

"If you can’t use Digital ID, or don’t want to, you can usually keep accessing government services on the phone or in person at government shop fronts across the country. Some services for businesses may require a Digital ID.
If you are unable to access the service you want because you don’t have a Digital ID or the right strength Digital ID, contact them, they will usually have other support channels available."

And you know what 95% of Aussies will do? The one thing we absolutely hate is govt invading our privacy. We have some of the most strict privacy laws (in general) in the world. Just some very bored senior exec bureaucrat in Canberra who thinks they've invented something ppl will want (or the govt wants) but instead it will be quietly shown the door when barely anyone hops on board their latest brainchild.
  • #819,580
  • Apr 1, 2024 4:44am Apr 1, 2024 4:44am
Quoting Jade Gate
{quote} Thanks Pat. The US traders are going to need USD in order to keep pumping the stock market. End of month always sees an influx of money into stocks, from pension funds, hedge funds, banks etc as they have to turn a quick profit in order to make end of month interest payments to cash investors and ensure their clients see a decent return on their investments. And yes, the liquidity squeeze plays right into that. So objective today, look at targeting (short) those things that are most vulnerable to USD strength - BTC, WTI and Gold (the latter...
Hi Jade Gate,

Thanks for sharing your thoughts, I'll definitely consider what you've said.
It sounds like you've done a lot of research and have a clear strategy.

I appreciate you sharing your insights, even if I'm not quite ready to follow the same path.
The market seems complex, so I might do some additional research before making any decisions.

The one thing I'm keeping my eye on is the possibility that the Fed might not raise rates as aggressively as some people are expecting.
That could change the USD strength dynamic.
I come from the future.
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