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Cable Update (GBPUSD)

  • #589,501
  • Apr 14, 2021 1:08pm Apr 14, 2021 1:08pm
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yes yes yes
  • #589,502
  • Apr 14, 2021 1:20pm Apr 14, 2021 1:20pm
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yes yes yes
  • #589,503
  • Apr 14, 2021 1:28pm Apr 14, 2021 1:28pm
Quoting Moty
{image}
needs to break the 13770 area and then hopefully we can get some nice lows in
Insane in the Brain..
  • #589,504
  • Apr 14, 2021 1:30pm Apr 14, 2021 1:30pm
with little profit
ready to close everything
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dolce vita
  • #589,505
  • Apr 14, 2021 1:47pm Apr 14, 2021 1:47pm
Quoting BeeTogether
{quote} needs to break the 13770 area and then hopefully we can get some nice lows in
unfortunately
the picture has changed

she needs "THE POWER" now
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dolce vita
  • #589,506
  • Edited 5:08pm Apr 14, 2021 2:01pm | Edited 5:08pm
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Key Takeaways

  1. Check out how massive this experiment is against history & bear in mind Biden wants to add even more new money into the economy .
  2. It's data that matters here on in ,like tomorrows.
  3. Inflation is literary a description of money supply growth .Price inflation is a possible result of more money chasing the same good/services.M2 money supply of the economy grew by 30% in 2020.That is inflation by definition.
  4. FED do not control interest rates, the 1975 to date view attached .The Fed/Gov do their best to influence rates. So the statement ‘we will not raise rates’ is not false, but more misleading .
  5. Price Inflation drives interest rates.Inflation is the variable which is partly dependent on population spending activities & productivity which the Fed/Gov do not control.
  6. Short term Interest rates @ 0% ,means velocity will not rise regardless of money supply changes until that situ changes.
  7. Massive divergence between Velocity and M1 (shown) and M2 that will need to resolve somehow.
  8. Rising 5 year interest rate =Higher debt loading on national debt since it all matures within that TF on average.
  9. Real things are doubling in value and more ,that is essentially a normal precursor to inflation .The market is saying we expect it big time while the Fed is saying it's not a problem.So the rates spread will continue to grow.
  10. Any interest rate quoted today is artfully held lower by QE .To the tune of a minimum amount $120Billion per month right now.
  11. Who to believe ?The free market has no incentives other than a collective opinion on what next.If your in FED camp (nothing to see here're got this buddy ) I can only suggest checking out the real things cost rise in the last 12 month.
  12. The above point is the very reason why the free market is so much more efficient than a market thats bent and twisted by any individual structure.

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article regarding M2 in relation
http://www.investing.com/analysis/m2...g-up-200525943
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #589,507
  • Apr 14, 2021 2:11pm Apr 14, 2021 2:11pm
Quoting mysterio
{quote} Starting to shift in my view. With yields sliding it looks like the dollar may slide further, possibly due to the worsening corona situation. I thought maybe rising inflation would signal the opposite but it appears not. https://www.ft.com/content/1fa1641a-...7-e131845c8888 We do have GU looking like it may move up on the daily, it's been looking like accumulation on a daily demand level. So potentially ready for long breakout tomorrow. On the other hand dxy has been dropping for a while and is on a daily demand with...
OK, we got the up move. 1.38 area was probably the top. Now I believe tomorrow will be down. Will post some entries tomorrow. If it does make another push up I believe 1.3835 will be the cap.
  • #589,508
  • Apr 14, 2021 2:25pm Apr 14, 2021 2:25pm
retail sales matters
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #589,509
  • Apr 14, 2021 2:30pm Apr 14, 2021 2:30pm
everything closed
( selling cable & gj, buying gold)
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see you tomorrow
thank you
dolce vita
  • #589,510
  • Apr 14, 2021 2:46pm Apr 14, 2021 2:46pm
how many time you will go up to 1.38080 mf ? drop already !!!!!
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yes yes yes
  • #589,511
  • Edited 3:13pm Apr 14, 2021 2:48pm | Edited 3:13pm
So, John Slow came to visit us @ Monthly open.
(5, 34) macd, hidden bears (?)
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Maybe these are the two from Sang.Real's earlier post
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Air force
  • #589,512
  • Apr 14, 2021 3:29pm Apr 14, 2021 3:29pm
Quoting Sang.Real
{quote} GU Locked position. If SL taken, work out for new set up tomorrow for LO If price continues upward movement, will adjust stop and position as market waves. Take care all and safe trade. Thanks for your help. Regards Sang Real {image}
Wow. This is impressive. So what strategy for you adopt?
  • #589,513
  • Apr 14, 2021 3:52pm Apr 14, 2021 3:52pm
Long time M nessus Long time Haha I have eye for an eye

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I am still waiting for her only her to marry if i ever married but she is playing really really really hard to get

unbelievable
  • #589,514
  • Apr 14, 2021 3:54pm Apr 14, 2021 3:54pm
swissy getting very compressed hrly in pennant cad @ nice level 1 2519 seen best 4hrly previous support since 23 march with only two legs pierced down were held by psych 1 25000 (Daily shows nice double bottom "pins") 1st leg drove back up to 1 26330 nice chump change, if she can get through 2519 possible larger drive north on the cards, daily range 26days 1 2500 - 1 1265 well worth an eyeball cable todays close will be important presently inverted hammer any more lower into close will strengthen now held by daily previous high ??
If you are new to Forex? Say Goodbye to your account!!
  • #589,515
  • Apr 14, 2021 4:07pm Apr 14, 2021 4:07pm
Quoting KiwiTrada
swissy getting very compressed hrly in pennant cad @ nice level 1 2519 seen best 4hrly previous support since 23 march with only two legs pierced down were held by psych 1 25000 (Daily shows nice double bottom "pins") 1st leg drove back up to 1 26330 nice chump change, if she can get through 2519 possible larger drive north on the cards, daily range 26days 1 2500 - 1 1265 well worth an eyeball cable todays close will be important presently inverted hammer any more lower into close will strengthen now held by daily previous high ??
aussie weekly has H&S top psych 8000 neckline aprox 7500 norm is neckline break, aggressive is trying to catch right shoulder my guess appox 7737 this weeks high and previous weekly high 7755 I am looking for weakness to start building position presently worth an eyeball for aggressive traders only
If you are new to Forex? Say Goodbye to your account!!
  • #589,516
  • Apr 14, 2021 4:17pm Apr 14, 2021 4:17pm
Let’s see how Tomorrow goes, having seen a decent rise and drop today and caught the middle of both.. the dollar should have had a significant drop towards daily pivot but for some reason it bounced up a good 20 pips before.. still short still targeting 13730-10 area however if bears are going on a picnic they won’t be playing.
Insane in the Brain..
  • #589,517
  • Apr 14, 2021 4:23pm Apr 14, 2021 4:23pm
Quoting coyoteuglyxxx
Is this too obvious or am I imagining it? Anyone else on the same page as me? :-) {image}
Heads and Two shoulders Haa

Well yea could be

Could be

Anything Could be
  • #589,518
  • Apr 14, 2021 4:30pm Apr 14, 2021 4:30pm
xxx Nice image on your photo HAHA
  • #589,519
  • Apr 14, 2021 4:39pm Apr 14, 2021 4:39pm
Quoting W0lfram
{quote} why does anyone use it at all? https://youtu.be/iXKpsgiEgH4

I just laughed till it hurt thank you !!!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #589,520
  • Apr 14, 2021 4:39pm Apr 14, 2021 4:39pm
Hold your balls strong folks don't panic

I took it personal with my fat finger $ vs Gbp and Euro

The pair will ride a today to my yesterday said 1.3710s, sit tight
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
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