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Cable Update (GBPUSD)

  • #736,981
  • Mar 20, 2023 2:50pm Mar 20, 2023 2:50pm
dx and gbpusd update
gbp - we got R
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Trendlines H1,H4, SMC
  • #736,982
  • Mar 20, 2023 2:59pm Mar 20, 2023 2:59pm
Majors correcting, perhaps a good sign for now.
This is weekly resistance, if it holds, all good, if not will try monthly R.
  • #736,983
  • Mar 20, 2023 3:00pm Mar 20, 2023 3:00pm
Quoting ScalaFX
{quote} 🍀😉 {image}
Trough magnifying glass?
  • #736,984
  • Mar 20, 2023 3:02pm Mar 20, 2023 3:02pm
Whales, you have achieved your level on Dxi.
Well done!
  • #736,985
  • Mar 20, 2023 3:06pm Mar 20, 2023 3:06pm
Quoting Jolita
{quote} Trough magnifying glass?
This is ninner crystal ball 😉🍀🫢
People don't plan to lose. They lose because they don't plan.
  • #736,986
  • Mar 20, 2023 3:09pm Mar 20, 2023 3:09pm
Quoting ScalaFX
{quote} This is ninner crystal ball 😉🍀🫢
I know, ninner has extreme super powers 😉
  • #736,987
  • Mar 20, 2023 3:12pm Mar 20, 2023 3:12pm
..and BeeTogether, your calls where spot on, wow!
  • #736,988
  • Mar 20, 2023 3:18pm Mar 20, 2023 3:18pm
Quoting Jolita
{quote} Not easy. I hope that situation will be handelled well. Stock market is on a sell mode. We need a solution.
Jolita, the inflation was caused by the FED increasing the money supply during COVID, to reduce inflation they have to suck some of the money supply out of the economy. It had nothing to do with interest rates.
Covid also embedded inflation into the system with wage increases to bribe people to go back to work. Once the fed gets past that and reduces the money supply inflation should stabilize at a lower level. As long as they simply put pressure on rates we will see economic hardship and risk the stability of financial institutions.
The other factor is that the US/Ukrainian war with Russia is sucking resources out of the system adding inflationary pressure. Biden and his wingnuts can fix this problem when they decide to. Sadly it looks like they are planning to confront China next and continue to make things much, much worse!
  • #736,989
  • Mar 20, 2023 3:26pm Mar 20, 2023 3:26pm
Short 12277

ideal TP 122 however will take profit when I have to pay for a Big Mac 😁
Insane in the Brain..
  • #736,990
  • Mar 20, 2023 3:37pm Mar 20, 2023 3:37pm
Quoting dantpm
{quote} Jolita, the inflation was caused by the FED increasing the money supply during COVID, to reduce inflation they have to suck some of the money supply out of the economy. It had nothing to do with interest rates. Covid also embedded inflation into the system with wage increases to bribe people to go back to work. Once the fed gets past that and reduces the money supply inflation should stabilize at a lower level. As long as they simply put pressure on rates we will see economic hardship and risk the stability of financial institutions. The...
I know, I know about the cause of the problems we all are facing. Thank you, you have good understanding.

Not sure China have a choice here, Putin will give an order, I doubt Xi will think about economical impact from USA side.
Endless arguments.
  • #736,991
  • Mar 20, 2023 3:47pm Mar 20, 2023 3:47pm
Quoting Jolita
{quote} I know, I know about the cause of the problems we all are facing. Thank you, you have good understanding. Not sure China have a choice here, Putin will give an order, I doubt Xi will think about economical impact from USA side. Endless arguments.
That is just it. This has nothing to do with Russia or China. It is about the US bullying the world.
Xi is interested in Chinese growth. If the US and Europe cut off China, he has been working on building the BRIC economy for decades now, one step ahead of the US.
Russia, China and India are standing up to Europe and the US's global bullying, essentially saying they are tired of it. Are China, Russia and more guilty of a variety of 'sins'? Of course they are! The US and Europe trying to bully them isn't going to fix the problem!
  • #736,992
  • Mar 20, 2023 4:09pm Mar 20, 2023 4:09pm
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dip shot ?
  • #736,993
  • Mar 20, 2023 4:26pm Mar 20, 2023 4:26pm
How do you suck the money out then?
Quoting dantpm
{quote} Jolita, the inflation was caused by the FED increasing the money supply during COVID, to reduce inflation they have to suck some of the money supply out of the economy. It had nothing to do with interest rates.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #736,994
  • Mar 20, 2023 4:29pm Mar 20, 2023 4:29pm
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20-March-2023
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  • #736,995
  • Mar 20, 2023 4:30pm Mar 20, 2023 4:30pm
Quoting Bones
How do you suck the money out then? {quote}
buy out treasury notes and don't issue new ones.
  • #736,996
  • Mar 20, 2023 4:46pm Mar 20, 2023 4:46pm
Quoting dantpm
{quote} buy out treasury notes and don't issue new ones.
Why treasury notes
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #736,997
  • Mar 20, 2023 4:51pm Mar 20, 2023 4:51pm
thanks...i think there may be more to come. Usd was the negative unopposed driver of the market today ...now it could mean a bottom or a big ramp but because last week there wasnt that much selling in the Usd I am going to say that there may be a big ramp of selling...I guess we will see....lets see what happans in Asia. The Yen complexes did see some profit taking but i think that is all it was as it went from being the driver to the mover....will be a interesting week with such a data heavy week.
  • #736,998
  • Mar 20, 2023 5:13pm Mar 20, 2023 5:13pm
Price broke the weekly resistance at 1.22707 and forms H1 LQ above the resistance. we can go long once the H1 LQ is swept and guess what! With as low as 15 pips SL we can smash 100 to 150 pips on this one.

Stay put I’m waiting for the break out.
My telegram: https://t.me/avidforex
  • #736,999
  • Mar 20, 2023 5:16pm Mar 20, 2023 5:16pm
Quoting BigNumbers
Price broke the weekly resistance at 1.22707 and forms H1 LQ above the resistance. we can go long once the H1 LQ is swept and guess what! With as low as 15 pips SL we can smash 100 to 150 pips on this one. Stay put I’m waiting for the break out.

I’m long with 15mins candle break out. Price may leave and never back. You can take a risk but H1 candle break out is preferable.
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  • #737,000
  • Mar 20, 2023 5:25pm Mar 20, 2023 5:25pm
Quoting Bones
{quote} Why treasury notes
The FED either issues treasury notes which are as good as cash for banks or prints money to increase the money supply. They can either destroy bank notes or repurchase treasury notes to decrease the money supply. Lest expensive and quickest solution is the treasury note solution.
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