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Cable Update (GBPUSD)

  • #593,641
  • May 7, 2021 2:21pm May 7, 2021 2:21pm
Quoting Pipa1
{quote} The music stopped but i still dancingCheers mate{image}
Your calls on long quite great. U re worth following. Am still bullish till 1.41
Profitable Business Buys lows and Sells highs
  • #593,642
  • May 7, 2021 2:33pm May 7, 2021 2:33pm
1.40 wont hold anymore next week
Extreme gut feeling trader
  • #593,643
  • Edited 3:00pm May 7, 2021 2:36pm | Edited 3:00pm
Quoting montygoldy
1.40 wont hold anymore next week
Agreed, but the rise above will be short lived I think. The liquidity up there was going to be tapped into at some point it was just a question of when
  • #593,644
  • May 7, 2021 3:16pm May 7, 2021 3:16pm
Have a good weekend all! Made some lost some will make more next week have fun be safe
Insane in the Brain..
  • #593,645
  • Edited May 8, 2021 5:59am May 7, 2021 3:24pm | Edited May 8, 2021 5:59am
Quoting Coreg2004
{quote} ...and we are there...decision time... {image}
Hi Coreg, such a long time you don't post, I miss your charts and your point of view

I hope everything is fine there with you
  • #593,646
  • May 7, 2021 3:25pm May 7, 2021 3:25pm
Quoting BeeTogether
Have a good weekend all! Made some lost some will make more next week have fun be safe
Nice weekend as well to you. Hope scottish results keeps good hope down.
My observation may be wrong but intent correct. Stay calm!
  • #593,647
  • Edited 4:42pm May 7, 2021 4:05pm | Edited 4:42pm
Quoting Nordling00
Last month, some people criticised me when i said USD will collapse against GBP and EUR. They also made fun of me because i said that high Growth Rates and Inflation depreciates the currency. So today, US Average Hourly Earnings came 0.7% more than expected which basically means more money earned is more money supplied. {image}
If we look at the terminology just used it tells you inflation makes currency appreciate, but only in a stable country (not Turkey double digit inflation)

The wage increase number didn't move the market, but does play into the inflation theme.
It's that huge miss on the employment change thats been USD bearish...anyway as employment gets lower it's much harder to get the final people back.

$ remains under its bearish TL after having a very bullish 1st Q.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #593,648
  • May 7, 2021 4:47pm May 7, 2021 4:47pm
Quoting Bones
{quote} If we look at the terminology just used it tells you inflation makes currency appreciate, but only in a stable country (not Turkey double digit inflation) The wage increase number didn't move the market, but does play into the inflation theme. It's that huge miss on the employment change thats been USD bearish...anyway as employment gets lower it's much harder to get the final people back. $ remains under its bearish TL after having a very bullish 1st Q. {image} {image}
Why go to work for minimum wage, when right now, you receive just about as much Biden $ staying at home?
Compulsions can be hard to resist
  • #593,649
  • May 7, 2021 5:34pm May 7, 2021 5:34pm
Quoting Bones
{quote} If we look at the terminology just used it tells you inflation makes currency appreciate, but only in a stable country (not Turkey double digit inflation) The wage increase number didn't move the market, but does play into the inflation theme. It's that huge miss on the employment change thats been USD bearish...anyway as employment gets lower it's much harder to get the final people back. $ remains under its bearish TL after having a very bullish 1st Q. {image} {image}
I am here for nearly 2 months now. You have seen my posts right from the start. We disagreed a lot and still do. But please be objective, you know my comments on GBP and when did i fail? When did you see market go against my analysis?
You have to have an IQ higher than 90 to interact with this user.
  • #593,650
  • May 7, 2021 7:24pm May 7, 2021 7:24pm
Ohh man. The price climbing xD
SL hit. See price going to break that line in next week. 1.39500 pullback to break that 1.4000 but we dont know how far it will climbing maybe 1.4200
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #593,651
  • May 7, 2021 8:22pm May 7, 2021 8:22pm
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yes yes yes
  • #593,652
  • May 7, 2021 11:57pm May 7, 2021 11:57pm
A pull back to 3950 or little more in Asia. Stop 4012
Intraday only.
  • #593,653
  • May 8, 2021 1:11am May 8, 2021 1:11am
Quoting Marbas
{quote} Hi there. Why did you put soo much orders in one place.. Averaging is a bad idea, such aggressive especially. Patience and discipline, mate. I think GU will rise, NFP should be a driver today. Lets wait and see.
Good job done. My prediction was right. And I am still wondering why you guyz keep doing the same errors, you just sell against the powerful wild trend...
  • #593,654
  • May 8, 2021 2:42am May 8, 2021 2:42am
The election in U.K.

SNP and Green heading to a massive win. These to parties are Scottish pro-independence politically oriented. If this holds to final result the pound will slide noticeable as the new leadership will open for another independence referendum. Otherwise there may be more attempts to break 1.4000 upwards. The votes are still being counted. The final result may come on Monday evening U.K. time.

https://www.theguardian.com/politics...sh-welsh-polls
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #593,655
  • May 8, 2021 3:08am May 8, 2021 3:08am
COT Update
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  • #593,656
  • May 8, 2021 3:12am May 8, 2021 3:12am
vs RETAIL Positions
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  • #593,657
  • May 8, 2021 3:42am May 8, 2021 3:42am
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yes yes yes
  • #593,658
  • May 8, 2021 5:31am May 8, 2021 5:31am
Quoting Vincent1
{quote} Hi Coreg, such a long time you don't post, I miss your charts and your point of you I hope everything is fine there with you
Agreed we need some of Coreg's Fibonacci magic back

Going to post some charts later to give my point of view, I think we'll have a very interesting week on cable this coming week, lots of opportunities to profit coming up I feel. This week was pretty good to me but next week will be even better.
  • #593,659
  • Edited 7:08am May 8, 2021 6:45am | Edited 7:08am
If 3940 hold it will bounce to min 4081 and max 4139...
if break, 3777 the target..

i dont want to ruled out bear yet since it still does not have a clear 4000 break..
Peace Yo!
  • #593,660
  • May 8, 2021 7:01am May 8, 2021 7:01am
Some more tears for bears, as price would kiss 1.4084 before any fall to 1.3915. if it's violate 1.4100 then we should welcome 1.4200, which invariably means that the bullish trend is back in play...
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You can't backtest emotions.
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