Cable Update (GBPUSD) | Page 29499 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #589,961
  • Apr 17, 2021 2:16pm Apr 17, 2021 2:16pm
Yes ,uk rates also went up then... while BOE hold zero, but ones more bullish then than other due to higher intervention.
Sure inflation is also a problem Uk ,in fact that could be the US's greatest export....
So a high Uk CPI would be GBP bullish and low would be bearish next week. Because inflation has to be tackled later with higher rates regardless even if FED or BOE do nothing, the free market where rates are made won't stand by.
let's see.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2021-04-17 at 22.09.44.png Size: 204 KB
Click to Enlarge Name: Screenshot 2021-04-17 at 22.17.12.png Size: 91 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #589,962
  • Apr 17, 2021 2:17pm Apr 17, 2021 2:17pm
Just Checking the fonts. Wait till you see the proof of trade for the previous days with cable.

Its Called Inside Out Trading.

Various parameters

Right Ok

See You

Oh See You
  • #589,963
  • Apr 17, 2021 2:23pm Apr 17, 2021 2:23pm
Bones will Type nowadays

Do you know what I mean by nowadays

You know when I say this to a girl by putting my Hand in her fluffy hair she goes whoooshh

Oo S he is British

Wait Till You Know What I Will Do

HAHA

AnyWay its Close the Ignore Button But I Dont Want To Use It Yet HAHAHAHA
  • #589,964
  • Apr 17, 2021 3:42pm Apr 17, 2021 3:42pm
Quoting Bones
Yes ,uk rates also went up then... while BOE hold zero, but ones more bullish then than other due to higher intervention. Sure inflation is also a problem Uk ,in fact that could be the US's greatest export.... So a high Uk CPI would be GBP bullish and low would be bearish next week. Because inflation has to be tackled later with higher rates regardless even if FED or BOE do nothing, the free market where rates are made won't stand by. let's see. {image} {image}
Your perspective is interesting. Trading is about ideas. Even though i don't agree with you, it's always nice to know other logical ideas backed with statistics. It was a nice conversation and i will keep these things in mind and watch.

If UK Core CPI data comes low, i am bullish. We will see what happens. Good luck!
You have to have an IQ higher than 90 to interact with this user.
  • #589,965
  • Apr 17, 2021 11:38pm Apr 17, 2021 11:38pm
Well I say stuff the fundamentals they are meaningless and there is no news that isn't history and if it it history then it has already happened.

I believe what I see and to deny the reality is to just be fooling yourself.

The market is currently trading above the average, I don't THINK it is I know it is. Only an idiot would deny this fact.

The charts tell the story not the fundamentals . When the chart changes we change, it is as simple as that.
Attached Image (click to enlarge)
Click to Enlarge Name: efe8beb2952bdf7d1d780ac5d28630fa.png Size: 82 KB

Amen
  • #589,966
  • Apr 18, 2021 12:54am Apr 18, 2021 12:54am
Quoting Nala66
Well I say stuff the fundamentals they are meaningless and there is no news that isn't history and if it it history then it has already happened. I believe what I see and to deny the reality is to just be fooling yourself. The market is currently trading above the average, I don't THINK it is I know it is. Only an idiot would deny this fact. The charts tell the story not the fundamentals . When the chart changes we change, it is as simple as that. {image} Amen
Fundamentals can be interesting to discuss, however, like yourself, I am tech guy also.
Compulsions can be hard to resist
  • #589,967
  • Apr 18, 2021 1:38am Apr 18, 2021 1:38am
Quoting trumps
{quote} Fundamentals can be interesting to discuss, however, like yourself, I am tech guy also.
Not sure about that, we want as little as possible messing with our mind. It is all too easy to form preconceived notions and then stick religiously to them despite evidence to the contrary. How often do we see people hanging on to trades with massive drawdowns because they are convinced the market will turn in their favour.

I only read such posts on the weekend and normally just skip over them. I know absolutely nothing about fundamentals I just trust my eyesight.
  • #589,968
  • Apr 18, 2021 1:40am Apr 18, 2021 1:40am
Quoting Nala66
{quote} Not sure about that, we want as little as possible messing with our mind. It is all too easy to form preconceived notions and then stick religiously to them despite evidence to the contrary. How often do we see people hanging on to trades with massive drawdowns because they are convinced the market will turn in their favour.
Different people have different skill sets to use different tools to trade.
Compulsions can be hard to resist
  • #589,969
  • Apr 18, 2021 3:40am Apr 18, 2021 3:40am
Quoting Nala66
Well I say stuff the fundamentals they are meaningless and there is no news that isn't history and if it it history then it has already happened. I believe what I see and to deny the reality is to just be fooling yourself. The market is currently trading above the average, I don't THINK it is I know it is. Only an idiot would deny this fact. The charts tell the story not the fundamentals . When the chart changes we change, it is as simple as that. {image} Amen
Whatever floats your boat. If you have high success rates, don't change it.

But can you believe the guys in JPMorgan open positions depending on SMAs, Fibonaccis, Trend Lines or s/r?

I am sure their boss would kill them if they were to isolate from the real world and ignore the inflation, interest rate news etc.

Fundamentals give you an outlook until the next release, which enlightens a month or a quarter while Technicals just show you the history.

Charts show us what happened but they don't tell us the reason. They can't tell the story behind it.
You have to have an IQ higher than 90 to interact with this user.
  • #589,970
  • Edited 1:02pm Apr 18, 2021 5:17am | Edited 1:02pm
Attached Image (click to enlarge)
Click to Enlarge Name: 2d8a88b838499a935d4d6c94f3714795.png Size: 68 KB
Although the drop in volume is most likely the result of it being a Friday afternoon, I'm a little suspicious that the price was able to climb so high without sustained effort.

I would usually expect to see strong volume on the breakout of a congestion zone and RISING volume for the trend to hold.

It doesn't look like the market was really participating in the move, so it is either a trap or simply a lack of interest given it was the end of the week.
Another explanation could be that the dollar is moving elsewhere, nearly all of the major indices and commodities were up.

There was little to no resistance (maybe the bears are having a picnic?) so perhaps the bears will show up on Monday - or not!

I will wait and see.
  • #589,971
  • Apr 18, 2021 5:45am Apr 18, 2021 5:45am
Quoting Nala66
Well I say stuff the fundamentals they are meaningless and there is no news that isn't history and if it it history then it has already happened. I believe what I see and to deny the reality is to just be fooling yourself. The market is currently trading above the average, I don't THINK it is I know it is. Only an idiot would deny this fact. The charts tell the story not the fundamentals . When the chart changes we change, it is as simple as that. {image} Amen
Yea, I mean please don't make the mistake of thinking your way is the only way and others are mistaken if they choose to trade in a different way.

I think for me it's more of an engineering mindset, I've always liked to open things up, understand how they work, understand the why's behind things. Otherwise we're just betting on the direction of some coloured bars. Am I deluding myself that it's something more than this? Maybe. For intraday you're right.. it is largely a technical decision, I'm just looking for areas where price is likely to react and continue in a certain direction. Fundamentals, for me, is more for interest, something to talk about. I need to be able to talk around a subject if I'm explaining to someone else. I have a background in this stuff so actually find it interesting to talk about and debate. Like the whole bull run on cable we saw for a long time. For me I find it hard to trade this if I don't know why its happening when it seems to defy logic. Then when I understand the why I can start thinking about when and how it's likely to end so i'm ready for it. This is just for my own psychology. Others i'm sure are fine just to go with it, don't fight what the market is telling you. There is nothing wrong with this at all. Everyone has their own approach. Do you need to understand fundamentals to be a good trader? No I absolutely don't think that's the case. But also think about any job you've ever had, have you not wanted to understand every facet of it in great detail in order to become as good as you can at it? I remember there were others who refused to buy during this bull run on principle.. this is where it starts to become an issue
  • #589,972
  • Edited 9:27am Apr 18, 2021 6:10am | Edited 9:27am
Quoting Nordling00
{quote} Your perspective is interesting. Trading is about ideas. Even though i don't agree with you, it's always nice to know other logical ideas backed with statistics. It was a nice conversation and i will keep these things in mind and watch. If UK Core CPI data comes low, i am bullish. We will see what happens. Good luck!
Of course Turkey is another matter,
The double digits and much more CPI problem is when the currency drops through the floor V other currency
rather than
We just can't seem to get any official inflation in the UK ,US we actually want 2% apparently.
So I can say for an incredibly high probability fact at this moment in time, a rise in the Uk CPI is bullish, we have official slack to actually get to target.

If we're looking long term I can say whats happening here on the chart attached since March 2020... is basically shorting the $ or longing debt on much higher inflation expectation.100% increase in 12 months,Actual things V Dollar.

 

  1. "Several asset classes perform well in inflationary environments.
  2. Tangible assets, like real estate and commodities, have historically been seen as inflation hedges.
  3. Some specialized securities can maintain a portfolio's buying power including certain sector stocks, inflation-indexed bonds, and securitized debt.
  4. Inflation-sensitive investments are accessed in a variety of ways as both direct and indirect investments."

Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2021-04-18 at 13.57.52.png Size: 166 KB
Click to Enlarge Name: Screenshot 2021-04-18 at 14.41.06.png Size: 280 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #589,973
  • Apr 18, 2021 6:28am Apr 18, 2021 6:28am
[quote=mysterio;13500175]{quote} /quote]

All I am saying is if it looks like a duck and quacks like a duck...... I don't need to perform an autopsy I just go by the probability.

The person above you throws a J P Morgan at me, a company nay bank with huge resources of people to gather all manner of data on a huge range of investments.

How on Earth can the home trader compete with that, but we can and do, and many make far better profits relative to their capital.

I am fine with everyone having their own approach, indeed I take note of what a few people say but taking a trade in a particular direction is only a small part of the trading experience, timing, money management and hedging are others.

I feel sorry for those holding losing positions based upon something someone else says MUST happen. Then try to average down the losses only to go broke.

I don't use SMA's, Fibs, trend lines or S/R, I simply use the fact that if we are trading above the average then we are going up, if we are trading below the average we are going down.

Amen
  • #589,974
  • Apr 18, 2021 6:34am Apr 18, 2021 6:34am
Quoting SonSon82
GU 100 Pip {image}
Hi just curious. Where did you get a chart this clean? Tradingview?
  • #589,975
  • Apr 18, 2021 7:55am Apr 18, 2021 7:55am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 37 KB
yes yes yes
  • #589,976
  • Apr 18, 2021 11:26am Apr 18, 2021 11:26am
Quoting Bones
{quote} Of course Turkey is another matter, The double digits and much more CPI problem is when the currency drops through the floor V other currency rather than We just can't seem to get any official inflation in the UK ,US we actually want 2% apparently. So I can say for an incredibly high probability fact at this moment in time, a rise in the Uk CPI is bullish, we have official slack to actually get to target. If we're looking long term I can say whats happening here on the chart attached since March 2020... is basically shorting the $ or longing...
Man i live in Turkey and you can tell that inflation, growth rates and interest rates are something you have to calculate as a citizen, let alone Forex This crisis has taught me a ton of lessons at a very young age

Back to the topic, i think that 2% inflation and growth target is for keeping unemployment and production numbers safe. So they basically sacrifice 2% purchasing power annualy to keep the economy safe and steady.

So i can say that US stock market will be bullish, yes, but 2% fx loss will be there.
You have to have an IQ higher than 90 to interact with this user.
  • #589,977
  • Apr 18, 2021 11:32am Apr 18, 2021 11:32am
bit of retrace and then UP to R1.... on Monday.

Closing is bull close.
Intraday only.
  • #589,978
  • Apr 18, 2021 11:36am Apr 18, 2021 11:36am
Inserted Video


enjoy
dolce vita
  • #589,979
  • Apr 18, 2021 11:38am Apr 18, 2021 11:38am
Inserted Video


dolce vita
  • #589,980
  • Apr 18, 2021 11:43am Apr 18, 2021 11:43am
Quoting trumps
https://www.ft.com/content/f9b94ac9-...9-5b30ff98e715 I remember emerging markets being a significant elephant in the room for 2013-early 2014 that was not appreciated by traders at the time. These resource rich countries benefit enormously from rising commodity prices and attract funds from investors seeking higher yields.
I hadn't noticed the similarities before

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 17 KB
Attached Image
Compulsions can be hard to resist
467 traders viewing now