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Why is GBPUSD called cable? 67 replies

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

A pull back to 3950 or little more in Asia. Stop 4012
Intra day only.
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...
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
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
COT Update
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vs RETAIL Positions
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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.
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..
Intraday trader
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.
Quoting Nordling00
{quote} 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?
I am being objective ,I tip my hat to you as you have been right, the $ has been bearish.
I only say be careful this time were in, because it isn't in the books ,I feel for someone trying to lean the rules when theres so much intervention.

It's only your reasoning I'm pointing to ,before you're looking at Yellow data when red moved it and this time you're not looking at the headline that moved the market, because you can reason it with inflation's bad for a currency in the UK or US theme.
The Central banks want inflation higher .
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#doyourownanalysisordietryin
my forecast for next week

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Assalamualaikum
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Quoting Nordling00
{quote} 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?
Whats happening in the US right now is QE which you can defiantly say is MMT over last +10Y , which has reached all new highs beyond all other countries.
A complete experiment ,that Joe wants to take even further with Yellens help.
So once you start you can't stop with many un intended consequences ,such as many analysts yesterday thinking the jobs are there but people don't need them yet.

With inflation theres a large amount of psychology involved it's not raw numbers only. So thats the game we play with the FED ....they say rising prices are short term.
The Fed cannot say anything else, as we would see mayhem, they carry extreme bias .The Fed literally can't afford higher rates.
For instance if someone notices price rise, they may buy more thinking it will be dearer later otherwise etc, a potential doom vortex forcing prices up .
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#doyourownanalysisordietryin
So inflation means the cost of borrowing goes up .The Yield on debt goes UP right along with the related currency .This is not outright controlled by the FED at all, at this time.
There are many factors to believe inflation genie is out already ,they just need to come together
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Quoting Bones
So inflation means the cost of borrowing goes up .The Yield on debt goes UP right along with the related currency .This is not outright controlled by the FED at all, at this time. There are many factors to believe inflation genie is out already ,they just need to come together {image} {image} {image}
ok sir what are your thought in GBPUSD do you think that it we go down pls your wise wisdom on it thank you
Quoting Bones
So inflation means the cost of borrowing goes up .The Yield on debt goes UP right along with the related currency .This is not outright controlled by the FED at all, at this time. There are many factors to believe inflation genie is out already ,they just need to come together {image} {image} {image}

what TNX bro?
Quoting nAVIN2007
{quote} what TNX bro?
10 year treasury ,Government sell debt in auctions in all time frames.
It's supposed to be the as good as cash debt especially the 10 year.
Risk free
#doyourownanalysisordietryin
if it goes too that high that could be an opportunity ,it's still within the very tight range.The proof will be in the pudding should we see any inflation in the major news events
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Quoting Bones
{quote} I am being objective ,I tip my hat to you as you have been right, the $ has been bearish. I only say be careful this time were in, because it isn't in the books ,I feel for someone trying to lean the rules when theres so much intervention. It's only your reasoning I'm pointing to ,before you're looking at Yellow data when red moved it and this time you're not looking at the headline that moved the market, because you can reason it with inflation's bad for a currency in the UK or US theme. The Central banks want inflation higher . {image}...
Well, thank you for warning me Mr. Bones. I appreciate it but my strategy is going fine so far. I understand all the tables and analysis you upload here and yes i gotta admit that your perspective also makes sense but i simply disagree.

Headline inflation is also important but Central Banks pay more attention to Core Inflation. I won't leave it until CBs leave it.

CBs want inflation around 2% because they want businesses to grow, people to find jobs and more production. These things are great for the citizens, great for the sustainability. I don't deny that. I basically say while they do it, they sacrifice %2 currency value. That's why fiat currencies always lose their value against gold in the long run. You can see it in 100 yr Gold chart.

Also as an example during 2002-2008 US Economic Boom and Real Estate Balloon, USD lost it's value against GBP between 2002-2008. Economy was booming but currency was depreciating. You can see that GBP/USD uptrend clearly.

And last of all Non-Form Payrolls, in April numbers came so high yet USD didn't mind it and continued to depreciate while everybody was expecting it to rise. This month numbers came so low and people thought it is the reason why USD fall. Why it didn't appreciate in April then, if it is highly correlated with NFP? I think it has nothing to do with it. Average Hourly Earnings is more of a real reason behind them. A sneaky one indeed.
Quoting Nordling00
{quote} Well, thank you for warning me Mr. Bones. I appreciate it but my strategy is going fine so far. I understand all the tables and analysis you upload here and yes i gotta admit that your perspective also makes sense but i simply disagree. Headline inflation is also important but Central Banks pay more attention to Core Inflation. I won't leave it until CBs leave it. CBs want inflation around 2% because they want businesses to grow, people to find jobs and more production. These things are great for the citizens, great for the sustainability....
These NFP jobs aren't new jobs also we have this game FED are playing with words.The fed talk down inflation which is the same as talking down USD.
The way to tell is what happens when we get an inflation related actual data story ,maybe next week.
We know wages in the US are at an all time high due to the stimulus ,retail sales is the most trustworthy indicator ,we need to know the money is being spent .
You can't argue prices of things won't go up if raw materials doubled in the last year.
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a brave man says thats transitory or maybe someone who has no other choice but to say it
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