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Cable Update - Continued 104 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Cable Update (GBP/USD) without Idiots 23 replies

cable short for gbpusd? 6 replies

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

Quoting Ferna
{quote} Haha dantpm always pressing for information


I am on a lifelong learning journey!
Quoting dantpm
{quote} I am on a lifelong learning journey!
I'd advise learning from a more experienced trader, that's not something I pretend to be. Haha.
Quoting jayvicious
{quote} What harmonic indicator is that you're using?
made by great programmer ...in bandung indonesia.
not euphoria follower
Quoting Scotteyy
{quote} I'd advise learning from a more experienced trader, that's not something I pretend to be. Haha.
I am constantly learning from people that know less than I do! Funny how that works!
Quoting eyefeelsix
{quote} target2 reached, again.. take profits in half {image}

Gasss keunnn
not euphoria follower
Some Uk data in half hour on dailyfx it’s not red sticker but as I saw the other day a low risk event sent the pair all over the place last week
Insane in the Brain..
Quoting Bella.al
Pre-Trading Analysis : GBPUSD Date : 05.06.2023 GMT Time :06:16 AM Trend Change Trigger : NULL Current Trend 4Hrs : Down Trend Daily Pivot : 1.24770 Yesterday's High : 1.25442 Yesterday's Low : 1.24410 An area of resistance has formed at yesterday's high 1.25442 as traders for whatever reason, determined that swing high is a good value. My Principles of Trend Direction states we are in down trend and require to hold below 1.24435 lvl by Bears. Daily Pivot is at 1.24770. On the Upside a break above said resistance ( 1.24435 ) could re-challange Pivot...
Update
GMT Time : 08:28 AM
I wanted to update my charts after the 4HR Bar went too low from 1.24002 lvl ( Depth ). New LH is now formed at Friday's High 1.25442.
waiting for my trading time to arrive between 10:30-11:00 AM GMT

Bella's Trend Trigger
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Goddess of Thunder..
Quoting dantpm
{quote} I am constantly learning from people that know less than I do! Funny how that works!
I believe knowledge lies in places or person which you would never believe you will learn something from them.
Each person is wise in their own way, and you get to learn a different perspective of the same event/situation you thought you already know, from them.
Thats what makes human interesting.
Riskin' ticks for points!
Quoting Fardeen1209
{quote} I believe knowledge lies in places or person which you would never believe you will learn something from them. Each person is wise in their own way, and you get to learn a different perspective of the same event/situation you thought you already know, from them. Thats what makes human interesting.

Agreed!
I feel sorry for those that think they know everything and have all the answers.
As someone who has taught a couple of people a few things, one of the strongest learning tools is asking someone to explain their opinion. Often both of you learn something new. You also maintain your 'image' as someone who is knowledgeable.
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I think DXY could hit 105 this week. Shame I can't take my own advice
Quoting MrFanciful
I think DXY could hit 105 this week. Shame I can't take my own advice
Why not? Are some fundamental metrics a part of your strategy?
Quoting Fardeen1209
{quote} I believe knowledge lies in places or person which you would never believe you will learn something from them. Each person is wise in their own way, and you get to learn a different perspective of the same event/situation you thought you already know, from them. Thats what makes human interesting.
I think that the knowledge is in the nature, in phenomena. Most people play only theater.
Quoting Waveskierrob
{quote} Will keep this bad boy open..., good to see a lot of live trades posted this morning .....
Not going to post anything ATM, got to rush to Swedish Embassy for work visa, as "Linesmen".


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I come from the future.
Quoting dantpm
{quote} Agreed! I feel sorry for those that think they know everything and have all the answers. As someone who has taught a couple of people a few things, one of the strongest learning tools is asking someone to explain their opinion. Often both of you learn something new. You also maintain your 'image' as someone who is knowledgeable.
This is the problem!
Majority of people don't even want to ask an opinion or question, because they cared so much about their "image".
Asking a question never makes someone a fool, but it is the step which you need to take to be a lesser fool.
It is okay to not know everything.
For instance, myself i'm going to 23 this year and born in a digital era, but if someone asked me something about coding, programming and stuff, i know no sh*t about it and in a corner, i feel sad about it, cause i cannot even connect an API by myself.
But i realised i dont really need to know everything, i can either asked a friend or hired a professional, they do the job for me and i moved on to do what i do best.
Riskin' ticks for points!
Quoting mysterio
{quote} Why not? Are some fundamental metrics a part of your strategy?
I don't think a promise made by the US government is worth anything.

Do I think a promise made by the UK government is worth anything though? No, not at all. But I do think that gold has more intrinsic value than both.
Quoting MrFanciful
{quote} I don't think a promise made by the US government is worth anything. Do I think a promise made by the UK government is worth anything though? No, not at all. But I do think that gold has more intrinsic value than both.
Couple days before i asked myself why gold not the next world reserve medium of exchange.
I believe we will return to why in the first place economies moved from gold/silver coin to copper/nickel coin and paper as a medium of exchange.
Riskin' ticks for points!
Quoting Fardeen1209
{quote} Couple days before i asked myself why gold not the next world reserve medium of exchange. I believe we will return to why in the first place economies moved from gold/silver coin to copper/nickel coin and paper as a medium of exchange.
So that the US government could remain solvent. It was the only way they could control inflation and continue to 'pay' their bills under Nixon. The other choice was to raise US income taxes and neither congress or the senate would support that move. Now most governments are following suit by playing shell games with their currency.

Here is another opinion:
https://en.wikipedia.org/wiki/Gold_s...c%20recessions.
Quoting Fardeen1209
{quote} Couple days before i asked myself why gold not the next world reserve medium of exchange. I believe we will return to why in the first place economies moved from gold/silver coin to copper/nickel coin and paper as a medium of exchange.
I watched a podcast over the weekend with Alasdair Macleod (Very good person to keep an eye out for on YouTube etc). A good "What if" came up during it. The hosts asked if this suspension of the debt ceiling, could be the new "temporary suspension of the the dollar peg to gold". When Nixon removed the Peg in 1971, it was explicitly said to be temporary. It was never reinstated. Now Alasdair doesn't think it's likely but it could be that the debt ceiling isn't reinstated.

It's projected that US government debt will be about $40 trillion by the time it comes back into force in 2025. At some point, Gov's etc will simply not want to buy it and the only buyer left will be the Fed at which point you get Hyperinflation.
Alright

I am little late to post this but this is a High % Setup

And TP may hit any time

Gbpusd

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TP is 1.24358 for now but I may increase it above

Eurusd

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TP is currently 1.07130 but I may increase it

Usdjpy

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TP is currently 140.000

These are High % Setups and I expect them to Hit
HBS - Hussain Bin Salman
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