Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Why is GBPUSD called cable? 76 replies

Cable Update - Continued 102 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)
Exit Attachments

Cable Update (GBPUSD)

nice bullish engulfing with a booster . The engulfing pattern is with a doji . Pretty nice signal
Quoting oochiwaawaa
{quote} gotta ask = do u take a vote on wot stats are real or useful or just assume the methodology is sound witout double chekin the brain tat stimulated it? real question not trollin or abuse do u do a census on jobs? or does somebody other do it? if the REAL job of the govt & higher finance is to keep it all on the rails so de gen pop dont lynch mob em, den why is inflation so important? why r bulls n bears? why do u simply !!believe!! de USD is the prominent one?
Okay i will believe that you are sincere with your questions so i will try to answer as much as i can.

USD is prominent because it looks like FED has the riskiest hand compared ECB when it comes to the matter of inflation. Inflation in the US is still well above than what FED expected it to be. Germany and France seems to have won the war against inflation. Inflation is a problem in smaller Euro economies rather than these two. So inflation situation looks more worrying in the US. Which makes US news more prominent & important. ECB doesn't need to do as much as FED. All eyes on FED now.

And there's this phenomenon of FED doing everything first, rest of central banks following it afterwards. Also the USD is the most used and most influential currency in the world so the market is generally watching FED rate trends more carefully than the others. Even USD news events tend to create more volatility & volume than the rest of the news events in general.

About the trustworthiness of the stats: I get that there are doubts about if those government published datas are seriously real or made up, manufactured etc. But all i can say is if the FED and markets choose to take it and act based on it, who am i to judge. Sadly that's the only data source. We have a monopoly on information as well as pretty much everything in the world.

And yeah in those reports and readings there are my own preffered stats as well, i don't take headline numbers too seriously for example. I prefer to break down the report and try to catch the details that look suspicious.

For example in NFP i don't care how many non-farm jobs are created, i care about the sectors. Steady/permanent ones vs Seasonal ones. In PMIs i look at the hiring pace, not output or headline activity. It's all conclusions, experience and backtests that made me learn what to avoid and what to focus on the news reports
I make my own luck.
Quoting Bones
{quote} No, not buying but closing shorts made it retrace, thats how they get a bigger position
Maybe that too
I make my own luck.
Quoting Nordling
{quote} Good question. What makes me a dollar bull is a hot PCE report and hot CPI report before that. FED is downplaying it and seems dovish like u said but we are nowhere near what FED expected us to be in summer. And it's almost summer, but PCE looks very hot when we compare it with the 2% target. So the markets are taking already priced-in rate cut bets off the table each and every month with every new inflation reading. FED's dovish stance is not convincing enough to say the battle against inflation is won. So the market is not convinced to...
very nice analysis my friend ! You are right about the current trend in inflation it’s not convincing enough as of now. So we need more data to see the truth ! Cheers
Master your mind. Master Trading.
Quoting Konichiwhaat
{quote} I am guessing you have been following peoples trades calls here without doing your own analysis, and now you have lost money. I cant see any other reason for you to be here talking like this. People who make money from trading do not speak like this. They are very calm because life is good. I recommend you start to formulate your own system and stop loosing money by just following blind trade calls, especially from this forum. Change your attitude and just ask for help. Best of luck
WOW!! hahaha thanks TWEE. no im doin just fine on my own. truely there aint enough knowledge on tese sites 2 fill an overnight bag.

i write tings tat normal person can go research on teir time. no cost no hassle. tey dont need u or this site or the !knowledged persons! online.

goooood storry though. nice try. the plain simple truth is too hard to swallow. gotta make up BS to deter or distract. veeeery funny
protein for breakfast !
Quoting oochiwaawaa
{quote} WOW!! hahaha thanks TWEE. no im doin just fine on my own. truely there aint enough knowledge on tese sites 2 fill an overnight bag. i write tings tat normal person can go research on teir time. no cost no hassle. tey dont need u or this site or the !knowledged persons! online. goooood storry though. nice try. the plain simple truth is too hard to swallow. gotta make up BS to deter or distract. veeeery funny
OK then. Like I said before, good luck
Emotional Control. Process, not outcome.
Quoting Nordling
{quote} Okay i will believe that you are sincere with your questions so i will try to answer as much as i can. USD is prominent because it looks like FED has the riskiest hand compared ECB when it comes to the matter of inflation. Inflation in the US is still well above than what FED expected it to be. Germany and France seems to have won the war against inflation. Inflation is a problem in smaller Euro economies rather than these two. So inflation situation looks more worrying in the US. Which makes US news more prominent & important. ECB doesn't...
while i do appreciate ur writin u didnt read the questions. no troll or abuse. !!buy de rumor sell de fact! - ring any bells? dont matter de class of money it all same. ur being sold on wot u think is there. backtests work wen life happen backwards. great 4 intro but useless for life. do u understand that poor or homeless persons do same thing wit $$$ as one wit job ? not includin wipe ass wit paper $$$ ofc haha. it spends de same!!!!!!!!!

my writin here 2 show u somethin not berate or insult. activity needs persons n persons need ..... ???? hypernavigation of info means u will hit wall. it built into design.
protein for breakfast !
most tings !!online!! are an act of hypernavigation by design. u stand back far nough u will see it
protein for breakfast !
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 4 KB


u see dis

rest o world see dis ...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDMonthly.png Size: 4 KB


not de chart but de fact it exists in persons mind. simple misdirection.
protein for breakfast !
Quoting oochiwaawaa
{quote} while i do appreciate ur writin u didnt read the questions. no troll or abuse. !!buy de rumor sell de fact! - ring any bells? dont matter de class of money it all same. ur being sold on wot u think is there. backtests work wen life happen backwards. great 4 intro but useless for life. do u understand that poor or homeless persons do same thing wit $$$ as one wit job ? not includin wipe ass wit paper $$$ ofc haha. it spends de same!!!!!!!!! my writin here 2 show u somethin not berate or insult. activity needs persons n persons need ........
Those backtests are not made yesterday though, i am trading this way for over a year now. I mean i am trading since late 2018 but my strategy took it's final shape a year ago. So i actually got to see and still get to see the results. Otherwise i wouldn't be bothered to trade if i lost money. Man i am a stingy guy Trading is not fun but boring and monotonous as a day job at this point. If i wanted to gamble i would go play roulette and blackjack so at least it would be fun and exciting

I actually love playing blackjack but i stopped playing when the croupier pulled off 3 aces in a row on a single hand I was like "bruh at least rig it in a less obvious way" and i packed my stuff and go
I make my own luck.
Quoting nubcake
It's cute how you all worry so much about what some of us post every so often. Meanwhile you swim in the following filth each and every sad little day you spend here... Be Zebi: Post over 4k posts in a mere 2 years... have multiple usernames... be retarded in all of them because brain damaged. Be Zebi: Spend months bringing me up in his posts again and again (just search his history for "nubcake", "nubcrack", "nubbie", and whatever other stupid names he uses while being in love with me because he recognizes that most people are smarter than him,...
nubcake...i love it when you get unhinged LOL

you forgot to say you hate and loathe me
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2024-05-02 205155.png Size: 38 KB
Kamala/Walz pulling away for the win
Quoting Nordling
{quote} Those backtests are not made yesterday though, i am trading this way for over a year now. I mean i am trading since late 2018 but my strategy took it's final shape a year ago. So i actually got to see and still get to see the results. Otherwise i wouldn't be bothered to trade if i lost money. Man i am a stingy guy Trading is not fun but boring and monotonous as a day job at this point. If i wanted to gamble i would go play roulette and blackjack so at least it would be fun and exciting I actually love playing blackjack but...
ok.

an eg of hypernavigation today here now = person outside trading may use sensible thought in personal life. person goes inside !trading! so den leaves common sense at the door wen entering. nothin 2 do wit strategy. 2 do wit attitude imprinted !!knowledge!!. not same as knowledge n experience.

ive scanned MANY places on dis site & others n see de same ting. confident/cocky but ultimately bout the same tings but in !!different ways!! some praise chart some praise data n info. all end at same place. therefore trading aint bout chart or data. ten wot? its bout de principles of wot is then generated to translate action eg chart or data info. data or chart disapear principles still present. no need 4 cocky attitude or fake knowledge or good sales pitch. understand?

chart work aint !!trading!! anymore den flickin ur left right turn signal in car is !!driving!!. principles tat exist in all fields of human treasure hunting

so tere is a good eg of hypernavigation.

^
puts all <!!this!!> onsites n de persons who tink they !!experienced!! 2 shame.
V

take this seriously or dont.
protein for breakfast !
heres two weekly charts ...one is zoomed in

this drop is spectacular and more forceful than the 2022 interventions

I don't think I need to say how dire the situation is for bulls... they should be buying the dip to save themselves cause nobody else will save them

a close under that red line tmoro and its catastrophic
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2024-05-02 212424.png Size: 13 KB
Click to Enlarge Name: Screenshot 2024-05-02 213635.png Size: 27 KB
Kamala/Walz pulling away for the win
dont be fooled like many people that UJ is correlated to DXY cause its just a loose one so UJ can drop a lot without dragging the dollar down with it...that's why the dollar can be bullish even when UJ isnt...I'm showing two shaded areas of the dollar and uj chart and you can see the relationship isn't exact

also look at UJ and the dollar from feb 13th to march 8th... so then uj was resistant to falling as much compared to the dollar so now its gonna drop much more than the greenback and wont go up as much as the dollar either

ill be waiting for some of my esteemed colleagues who've been here for ages to offer their analysis ....but I wont hold my breath LOL
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2024-05-02 215403.png Size: 14 KB
Click to Enlarge Name: Screenshot 2024-05-02 215434.png Size: 10 KB
Kamala/Walz pulling away for the win
Quoting Zebi
dont be fooled like many people that UJ is correlated to DXY cause its just a loose one so UJ can drop a lot without dragging the dollar down with it...that's why the dollar can be bullish even when UJ isnt...I'm showing two shaded areas of the dollar and uj chart and you can see the relationship isn't exact also look at UJ and the dollar from feb 13th to march 8th... so then uj was resistant to falling as much compared to the dollar so now its gonna drop much more than the greenback and wont go up as much as the dollar either ill be waiting for...
Try looking here...

https://www.forexfactory.com/thread/...sion?page=4402

Emotional Control. Process, not outcome.
Quoting Zebi
heres two weekly charts ...one is zoomed in this drop is spectacular and more forceful than the 2022 interventions catastrophic I don't think I need to say how dire the situation is for bulls... they should be buying the dip to save themselves cause nobody else will save them a close under that red line tmoro and its catastrophic {image} {image}

if the week closes around here or lower it will be the mother of all-engulfing candles and at the highs so that's serious compared if it was an engulfing somewhere different LOL
Kamala/Walz pulling away for the win
Quoting Konichiwhaat
{quote} Try looking here... https://www.forexfactory.com/thread/...sion?page=4402

why?

did you say something insightful and interesting over there?
Kamala/Walz pulling away for the win
Quoting oochiwaawaa
{quote} ok. an eg of hypernavigation today here now = person outside trading may use sensible thought in personal life. person goes inside !trading! so den leaves common sense at the door wen entering. nothin 2 do wit strategy. 2 do wit attitude imprinted !!knowledge!!. not same as knowledge n experience. ive scanned MANY places on dis site & others n see de same ting. confident/cocky but ultimately bout the same tings but in !!different ways!! some praise chart some praise data n info. all end at same place. therefore trading aint bout chart or...
I do agree with some parts of what you wrote. Btw it's okay you can switch to your normal english. It's hard to read this way, not an insult, i just know you can write better.

Well yeah, most of the fundamental and technical analysis out there is bullshit. And it has to be that way, otherwise everyone would make tons of money easily, quitting their day jobs. Stats are there, 90% of traders fail within a year. But they write blogs, tweet, or post their strategies here which is generally nothing but noise & misinformation.

Of course, everyone has the right to share their opinions so we cannot and shouldn't restrict their freedom of speech. The solution is to be picky, and learn what to avoid and what to take when it comes to information.

Coming to principles, yeah i agree. What i say about data & fundamentals are only relevant for now. Tomorrow things will change. Focus and attention will be on something else. Times change.

For example i monitor employment rate & pace, sectors and gasoline prices a lot. But you know there will be a time where gasoline won't be too important anymore. Simply because it's quickly running out and we are moving on to different energy types.

Employment thing will change as well. With ever-changing technological advancements, probably it will all be robots and AIs on the field, replacing workers. So we will probably see different employment trends and lots of new sectors as well as lots of unemployed people.

The world changes everyday, so we gotta keep updating ourselves. I may be relevant now but i may not be in the future. Which i am fully aware of. That's why my strategy won't live forever but it's in my hands to keep learning and updating myself as long as i am alive. That's my main principle.
I make my own luck.
Quoting Zebi
{quote} why? did you say something insightful and interesting over there?
Why?

Because its is a USDJPY forum and you asked for people to offer their analysis. This is a GBPUSD forum
Emotional Control. Process, not outcome.
Look at both charts red liquidity zone(sell) for 4 hr eur usd and gbp usd both converging at almost the same time in a 4 hr zone for either rejection or break I believe the data will be strong and it's a push to the downside
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20240502-222238_Chrome.jpg Size: 662 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20240502-222224_Chrome.jpg Size: 633 KB
49 traders viewing now, 2 are members:
Jhon1997
,