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Cable Update (GBP/USD) without Idiots 23 replies

Is it just me or is cable acting random? 44 replies

Why is GBPUSD called cable? 66 replies

Cable (GBPUSD) vs Euro (EURUSD) 26 replies

cable short for gbpusd? 6 replies

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

Looking at the daily chart, both EU and GU should drop some more next week.

And Jim Cramer saying Deutsche Bank is fine is not very good for European bulls either.
Everyone can see the chart, but only a few can actually read it.
From$1toMillion EA All Time Return: 30.3%
Quoting dantpm
The inflation that the FED is fighting right now was caused by the FED increasing the money supply as the government dealt with Covid 19, the free money given to people and the wage increases required to get them back to work. Nothing in the cause about economic expansion or interest rates. In the background, the US/Ukraine war against Russia is a significant economic drain of resources. The FED implemented a solution to raise interest rates not correctly identifying the cause of inflation and causing problems for small banks. To protect the small...
What is every central bank in the West wrong?
The whole point of QE is interest rates; when the FED buys all the debt, rates artificially go to 0%.
QT is the opposite effect on rates.

The FED is taking existing debt onto its balance sheet from the small banks and swapping it with cash, and they're the same thing.
Treasuries are risk-free, and safer than cash, so banks are encouraged to diversify into them.
The bailout comes with the debt being worth less until maturity and the FED paying Par Value. It is limited to a year, but the markets have to believe it?

If you accept it will end in a year the banks need to make sure that cash is available to buy back the treasuries.

I've always thought the QT operation is the thing to break the market while raising rates like that.
Inserted Video

“The macro backdrop in Turkey remains poor. Real interest rates are deeply negative, the current account deficit is widening and short-term external debts remain large,” he wrote. “It may not take a significant tightening of global financial conditions for investor risk sentiment towards Turkey to sour and add more downward pressure on the lira.”
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#doyourownanalysisordietryin
Quoting Jolita
{quote} Nice analysis. Thank you for this. Yes, I agreeof a possibility monthly chart to test higher, 1.2440 area, at the moment candle formation made LL. We are near the month end and quarter end. This quarter experts predicted to end around 1.18. Better this will fulfill my expectations. You are seeking break out and I'm waiting for 1.18 or lower, wish I had the power to intervene. UK in a big puzzle across a board of issues. BJ stil under investigation. inflation rising, cost of living skyrocketing. Train fairs will rise from tomorrow. UK house...

I'm bullish oil and believe the oil weekly, maybe it wants confirm, it's right on that established broken line
#doyourownanalysisordietryin
I’ve totally missed this but,, Metatrader is back on app store!
How come the change in policy?
Memories is all that remains…
GU UP....................1.24471

SELL 1.24471.............. 1.19038

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Quoting Ferna
I’ve totally missed this but,, Metatrader is back on app store! How come the change in policy?
NO WAY! FINALLY

Thanks for the share!! I really had no idea . I still had it the whole time but now I don’t gotta worry
Master your mind. Master Trading.
Quoting Bones
{quote} I'm bullish oil and believe the oil weekly, maybe it wants confirm, it's right on that established broken line
I've closed my sell trade.
WTI crude futures slumped more than 3% to below $68 per barrel on Friday, as US Energy Secretary Jennifer Granholm told lawmakers that it will be “difficult” to refill strategic oil reserves this year, prompting speculations that the US government would only start buying at even lower prices'.

Something tells me bearish trade still on.
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I've signed for a Crude challenge next week, will do some research tomorrow.
Quoting Jolita
{quote} I've closed my sell trade. WTI crude futures slumped more than 3% to below $68 per barrel on Friday, as US Energy Secretary Jennifer Granholm told lawmakers that it will be “difficult” to refill strategic oil reserves this year, prompting speculations that the US government would only start buying at even lower prices'. Something tells me bearish trade still on. {image} I've signed for a Crude challenge next week, will do some research tomorrow.
Ditto what you said Jolita. Still bearish on Oil (CL) down to low 60s and maybe 58/56
Quoting OnlineAddict
Looking at the daily chart, both EU and GU should drop some more next week. And Jim Cramer saying Deutsche Bank is fine is not very good for European bulls either.
should go down… but what is the level to start going down?…
Quoting Jolita
{quote} I've closed my sell trade. WTI crude futures slumped more than 3% to below $68 per barrel on Friday, as US Energy Secretary Jennifer Granholm told lawmakers that it will be “difficult” to refill strategic oil reserves this year, prompting speculations that the US government would only start buying at even lower prices'. Something tells me bearish trade still on. {image} I've signed for a Crude challenge next week, will do some research tomorrow.
There is a lot of intervention, that's for sure.
Emptying the reserves seems a highly risky strategy, but they won't tell you in Gordon Brown style (gold) when they have to fill it back up.
The sea-born cap is a more extensive intervention, with Russia selling oil below the threshold because they don't accept it.
Oil should be higher on the current landscape, and I'm monitoring the weekly doji from a technical point that just touched $70 on a consolidation-type move.
I prefer the Brent chart.
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#doyourownanalysisordietryin
Good morning all and happy trading for the week ahead .

I am holding my gold shorts into this week and going to short eurusd . Cheers !
Master your mind. Master Trading.
GU: H4
My View for next week.
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Forex is Easy, when you know the secrets....
My GU view:

I am only interested in selling this market except I see compelling reason to buy on LTF. I see potential break of last week high to the upside before price falls.
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Quoting hoda
GU: H4 My View for next week. {image}
124 for me too. On Friday I mentioned retesting the previous high which still remains untested after which 124 is the next area. 124-12430 before a move down I think. If it goes down after not sure
Here's a technical perspective on the GBPUSD by a medium-term swing trader. GBPUSD price action on the daily time frame is sideways at the upper part of the wide 1.18220/1.24060 horizontal channel (blue). There was a bullish retest of the 1.24060/1.22680 daily supply on Wednesday which resulted in a bearish pushback on Friday. Nevertheless, we may still see northward liquidity engineering before a southward rotation.


I may be wrong. Trade safe and prosper.



KP

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Do your homework, follow the footprints of smart money
Trading plan for the week
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Quoting trumps
{quote} I really think he’s just a guy thoroughly enjoying the anonymity of the internet, as we all do from time to time . He seems to be taking it to the next level however, so I would say the chances of a rational conversation are close to zero.
Bro ur assumption game is off the charts wow, were u bullied at school?
Quoting Whale
{quote} the real support is 1.22 after we take it out.. arrivederci
support and resistance levels are not real lmao
Quoting Bobbynouchet
{quote} support and resistance levels are not real lmao
what do you mean by the statement?
Quoting R78SD
{quote} what do you mean by the statement?
what I mean is whoever taught you how to trade and told you they were real was setting you up for failure lol
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