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Why is GBPUSD called cable? 67 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Quoting gatorinla
Yr USD chat.. USD Bull missed 96.3 close and the 95.85 year close. Bulls need to start with a month close above 95.85 and 96.03 to rise. IF Fomc can't deliver,, The usd should retrace some. Probably to Nov levels. The EU the same concerning month and 1331. Eu may rise to 1747+. China housing may hit commodity currencies harder then GU and EU. Later USD may go to supper cycle 99 and 117.. This is a 50 year chart. The begging of the petro dollar fall. Peace out. {image}
EU wise the month has to close below 1185/83 1208 and 1331 or pa will rise. 1768 is normal.
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those who can, do. those who cant, talk about those who can
Quoting Nordling00
{quote} It did reverse, back in November. They started to taper. It may seem like a small step but that small step still managed to crash Bitcoin and US Stock market.
I think you misread my post.
Reversing the tightening program, means becoming accomodative again.
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Pulchra All Time Return: -88.4%
Quoting navk
It is likely to be a beautiful long entry on Monday open...
I don't think so. But I could be wrong. Of course, it also depends on which time frame one is trading, and what is considered a 'beautiful long'.

Nevertheless, bears are in control for now.

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You don't know because you don't ask.
retail traders: don't have to file a report for COT, small shares = dump money
non-commercial: have to file daily report for COT, have no direct business interests in the commodity(profit motive), large positions = smart money
commercial: have to file daily report for COT, direct business interests in the commodity, hedge for protection(defensive motive) = nothing smart about that

cheers,
Quoting Kwt4x
retail traders: don't have to file a report for COT, small shares = dump money non-commercial: have to file daily report for COT, have no direct business interests in the commodity(profit motive), large positions = smart money commercial: have to file daily report for COT, direct business interests in the commodity, hedge for protection(defensive motive) = nothing smart about that cheers,
It is the commercial traders who are known as the "smart money".
(assuming this is accurate info) https://www.investopedia.com/terms/c...ialtraders.asp
"Many traders view the commercial traders as the "smart money" since the commercial traders are working in the actual commodity industry, and have insights into how that industry is doing based on what they see happening in the company around them".
Good Vibes - In charts we trust
Pulchra All Time Return: -88.4%
  • Post #649,166
  • Quote
  • Edited Jan 23, 2022 12:01am Jan 22, 2022 11:48pm | Edited Jan 23, 2022 12:01am
Quoting trumps
{quote} It is the commercial traders who are known as the "smart money". (assuming this is accurate info) https://www.investopedia.com/terms/c...ialtraders.asp "Many traders view the commercial traders as the "smart money" since the commercial traders are working in the actual commodity industry, and have insights into how that industry is doing based on what they see happening in the company around them".
commercials are producers, merchants, processors, and users of a commodity. they don't pump liquidity into the market, they are in business of the commodity.
liquidity comes from hedge funds and large financial institutions(non-commercial) trading commodities they don't own.
Possible reversal forming if we don't break 1.3545.
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Quoting trumps
{quote} It is the commercial traders who are known as the "smart money". (assuming this is accurate info) https://www.investopedia.com/terms/c...ialtraders.asp "Many traders view the commercial traders as the "smart money" since the commercial traders are working in the actual commodity industry, and have insights into how that industry is doing based on what they see happening in the company around them".
you are looking at the commercial traders page and I'm looking at the non-commercials

Non-Commercial Trader Definition (investopedia.com)

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cheers,
Quoting Kwt4x
{quote} commercials are producers, merchants, processors, and users of a commodity. they don't pump liquidity into the market, they are in business of the commodity. liquidity comes from hedge funds and large financial institutions(non-commercial) trading commodities they don't own.
Yes, that description of what a commercial trader is, is in the link.
Neverthelss, it refers to them as the "smart money"
It also says: "Commercial traders represent a large portion of the total futures market and as such are primary influencers of commodity prices".
It also says commercial traders can refer to someone who trades on behalf of a large institution such as a bank.
Good Vibes - In charts we trust
Pulchra All Time Return: -88.4%
Quoting trumps
{quote} Yes, that description of what a commercial trader is, is in the link. Neverthelss, it refers to them as the "smart money" It also says: "Commercial traders represent a large portion of the total futures market and as such are primary influencers of commodity prices". It also says commercial traders can refer to someone who trades on behalf of a large institution such as a bank.
let's agree on dump money=retail traders
then it does not matter if both commercial and non-commercial are smart money
Quoting Kwt4x
{quote} you are looking at the commercial traders page and I'm looking at the non-commercials Non-Commercial Trader Definition (investopedia.com) {image} cheers,
I read that page also. It makes it sound like they are the movers and shakers.
But it is only the commercial page that refers to them as "smart money".

It's not in the non-commercial page.
Good Vibes - In charts we trust
Pulchra All Time Return: -88.4%
Quoting Kwt4x
{quote} let's agree on dump money=retail traders then it does not matter if both commercial and non-commercial are smart money


Good Vibes - In charts we trust
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Quoting trumps
{quote} I think you misread my post. Reversing the tightening program, means becoming accomodative again.
Sorry for the misunderstanding mate. Well they will get accomodative again one day, but we will see when. And that's when crypto will revive again.
One can just plot long positions of non-commercials against the price/calculate correlation, let's say GU, and see how "smart" they are.
(correlation is +, so things aren't that bad)
Quoting ChiForex
We have good resistance on daily/monthly at 1.3730-40s, a close below 1.35 on monthly is crucial to demolish bulls hopes seen on weekly chart especially after strong support pattern showed at 1.3150s
No much talk needed, price is now 50pips from 1.35, bears will try next week closing below, the more the better to take it back way lower next month.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
Haven't updated since long time
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Quoting trumps
BTC is priced in USD. So it makes sense that they generally move in opposite directions to each other. It's meant as a hedge against currency devaluation. {image} {image}
its compared to the $ but you can convert tether to bitcoin ,which would be ok/ideal if tether was actually backed 1to 1
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#doyourownanalysisordietryin
these stable coins exploded as a route into bitcoin etc rather than going to/from fiat for various reason ,like regulation ,cost ,speed
but there not decentralised or regulated at all and have some shady history people running them
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#doyourownanalysisordietryin
Quoting Nordling00
{quote} Sorry for the misunderstanding mate. Well they will get accomodative again one day, but we will see when. And that's when crypto will revive again.
Exactly.
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Quoting Bones
{quote} its compared to the $ but you can convert tether to bitcoin ,which would be ok/ideal if tether was actually backed 1to 1 {image}
Yes, I'm not commenting on legitimacy of cryptos or anything though.
Just commenting that btc is more a protection against USD currency devaluation as a result of being priced in USD.
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Pulchra All Time Return: -88.4%
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