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Cable Update (GBPUSD)

  • #616,661
  • Aug 15, 2021 6:42am Aug 15, 2021 6:42am
Quoting babayaga
I've watched this movie recently ...one more piece... https://www.youtube.com/watch?v=W6k3RNkEcPY happy trading
you must watch, money heist,,S 1-4. fantastic series..about money.
  • #616,662
  • Aug 15, 2021 6:42am Aug 15, 2021 6:42am
Safety investiment . 40% blue ships, 20% state stocks , 10% Real states, 10% bolds, 5% warrants 5% small caps 5% crypto 5% savings
  • #616,663
  • Aug 15, 2021 6:45am Aug 15, 2021 6:45am
Quoting mysterio
{quote} Just because the market moves around the news release means it decided the direction or magnitude of the direction Several of us called the exact entry and exit of this move, this isn't just a lucky coin toss. This is an area where large institutions sell the dollar and buy GU, it's all in the chart {image}
As a trader who mainly focuses on news and trades fundamentals, i can assure you that not all the news decide the direction. Some of them are direction showing, some of them are for creating pullbacks or rallies. This one is the latter. Cause you know there's not a trend that looks like 90 degrees, there will always be some pullbacks.

So the thing that i see in your DXY chart is DXY is in the perfect spot for buying. Let's wait and see, let's see if i am correct or wrong.
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  • #616,664
  • Aug 15, 2021 6:47am Aug 15, 2021 6:47am
Quoting mysterio
{quote} Just because the market moves around the news release means it decided the direction or magnitude of the direction Several of us called the exact entry and exit of this move, this isn't just a lucky coin toss. This is an area where large institutions sell the dollar and buy GU, it's all in the chart {image}
If the news was positive on Friday, that supply zone would have been broken. So Fundamentals is always number one, and supply/demand is a confirmation after fundamentals analysis. I have seen many times, demand/supply zones broken because of fundamentals. It is helpful supply/demand zones for sure, but without fundamentals confirmation first, it is just a coin toss. The Friday news is not that important for the longer term. I look at it just a reaction because of the negative news that day, and a lot of retail traders were knocked out of their positions, and definitely stop loss hunt. Looking at fundamentals, GDP, interest rates, inflation and many other factors, USD is bullish and GBP is bearish. so GBPUSD bearish, that is my analysis. I will attach the forecast. Trade safe.
Attached Image(s) (click to enlarge)
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  • #616,665
  • Aug 15, 2021 6:49am Aug 15, 2021 6:49am
Quoting Nordling00
{quote} As a trader who mainly focuses on news and trades fundamentals, i can assure you that not all the news decide the direction. Some of them are direction showing, some of them are for creating pullbacks or rallies. This one is the latter. Cause you know there's not a trend that looks like 90 degrees, there will always be some pullbacks. So the thing that i see in your DXY chart is DXY is in the perfect spot for buying. Let's wait and see, let's see if i am correct or wrong.
bro what you say about GU is sell position or still wait for litle bit up?
  • #616,666
  • Aug 15, 2021 6:49am Aug 15, 2021 6:49am
Quoting Nordling00
{quote} Exactly! Being broke is a choice and a mindset. And sadly that mindset is injected into our brains by our parents, school etc. Unlearning that loser mindset is difficult as well. Most of us are still brainwashed. Humans are the worst enemy of...humans.
I am not agree 100% with you.., but

...and last thing I'd like to mention
that
not every country allows you to get up after the bankruptcy or fraud



P.S
Inserted Video
dolce vita
  • #616,667
  • Aug 15, 2021 6:52am Aug 15, 2021 6:52am
Quoting Bigbul
{quote} bro what you say about GU is sell position or still wait for litle bit up?
If you are not over-leveraged, stay in sell.
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  • #616,668
  • Aug 15, 2021 6:54am Aug 15, 2021 6:54am
Quoting Nordling00
{quote} If you are not over-leveraged, stay in sell.
bro i close that trade,you talking about last time,and you are right price come back at the point,
  • #616,669
  • Aug 15, 2021 6:57am Aug 15, 2021 6:57am
Quoting babayaga
{quote} I am not agree 100% with you.., but ...and last thing I'd like to mention that not every country allows you to get up after the bankruptcy or fraud P.S https://www.youtube.com/watch?v=occbEz1FAC0
I agree with the Wolf, USA is probably the best country in the world. They support recovery, growth, entrepreneurs, business people etc. and that's why USA has the most number of companies and the biggest companies in the world. "Capitalism may not be the most ideal system but it is the best system that humankind ever created"
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  • #616,670
  • Aug 15, 2021 6:58am Aug 15, 2021 6:58am
Quoting Bigbul
{quote} bro i close that trade,you talking about last time,and you are right price come back at the point,
So you closed it and took profits? Good! Nice job mate. I would say sell it again from here.
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  • #616,671
  • Aug 15, 2021 6:59am Aug 15, 2021 6:59am
Quoting Nordling00
{quote} If you are not over-leveraged, stay in sell.
GU break the lower support and then it go to the high resistance, this effect on price is the news effect, and it came back at the trend where its way.
  • #616,672
  • Aug 15, 2021 7:01am Aug 15, 2021 7:01am
Quoting Nordling00
{quote} So you closed it and took profits? Good! Nice job mate. I would say sell it again from here.
yes yes yes yes,,i close it in profit,and once more ready for sell.but with you,,i have no much experience like professional..
  • #616,673
  • Aug 15, 2021 7:08am Aug 15, 2021 7:08am
Quoting Bigbul
{quote} GU break the lower support and then it go to the high resistance, this effect on price is the news effect, and it came back at the trend where its way.
Exactly! You are going great! And you get the trick right! It's all news my friend, it's all news.

Trading Forex is like 2 steps forward 1 step back, it's a game of patience, confidence and consistence. See, for two times in a row news came out against us, but that's just giving us a selling point, it's not necessarily a bad thing. I added to my sells for instance. I am talking very confidently because i have seen this a hundred times. It's just a big sell for me. Let's see if i am right or wrong.
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  • #616,674
  • Aug 15, 2021 7:10am Aug 15, 2021 7:10am
Quoting Bigbul
{quote} yes yes yes yes,,i close it in profit,and once more ready for sell.but with you,,i have no much experience like professional..
You are doing better than the majority, remember only 5-10% can be profitable in this market. And if you keep going like that, you will become one of that 5-10%
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  • #616,675
  • Aug 15, 2021 7:11am Aug 15, 2021 7:11am
Quoting Nordling00
{quote} Exactly! You are going great! And you get the trick right! It's all news my friend, it's all news. Trading Forex is like 2 steps forward 1 step back, it's a game of patience, confidence and consistence. See, for two times in a row news came out against us, but that's just giving us a selling point, it's not necessarily a bad thing. I added to my sells for instance. I am talking very confidently because i have seen this a hundred times. It's just a big sell for me. Let's see if i am right or wrong.
yes this is point to be noted.
  • #616,676
  • Aug 15, 2021 7:16am Aug 15, 2021 7:16am
Quoting Nordling00
{quote} Consumer sentiment was the only important news on that day though. And when that news came out it took off. Correct me if i am wrong. US Dollar even depreciated against TRY after that news You know a move is temporary when even TRY gets positively affected by it
As pointed out in my fundamental post this 3.5T is very bearish .
It's to expand the social safety net and Americans can't afford it without raising tax across the board ,it has to be repeatedly printed when the money runs out.
There no way they can raise it on top of all the other commitments ,this is what I'm pointing to when I'm talking monetising debt for everyday
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #616,677
  • Aug 15, 2021 7:30am Aug 15, 2021 7:30am
Quoting Bones
{quote} As pointed out in my fundamental post this 3.5T is very bearish . It's to expand the social safety net and Americans can't afford it without raising tax across the board ,it has to be repeatedly printed when the money runs out. There no way they can raise it on top of all the other commitments ,this is what I'm pointing to when I'm talking monetising debt for everyday {image}
I am not going to deny the negative affect of supplying 3.5 Trillion USD to the market but Biden is talking about this for a year now. So i am sure market priced it in long before the last Wednesday. I think that XAUUSD, GU etc. went up last Wednesday because US inflation numbers came out lower than expected in that day.
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  • #616,678
  • Edited 9:33am Aug 15, 2021 7:35am | Edited 9:33am
Quoting Nordling00
{quote} I am not going to deny the negative affect of supplying 3.5 Trillion USD to the market but Biden is talking about this for a year now. So i am sure market priced it in long before the last Wednesday. I think that XAUUSD, GU etc. went up last Wednesday because US inflation numbers came out lower than expected in that day.
3.5 isn't to the market ,its to the people
without doubt they don't have it ,
why are we getting inflation in the last year + at all ? after all that money printing prior,
because they been printing money and delivering it directly to the people rather than printing the money and giving it to the markets
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #616,679
  • Aug 15, 2021 7:42am Aug 15, 2021 7:42am
Quoting Bones
{quote} 3.5 isn't to the market ,its to the people without doubt they don't have it , why are we getting inflation in the last year + at all ? after all that money printing prior, because they been printing money and delivering it directly to the people rather than printing the money and giving it to the markets {image}
Agreed. That's also why USD depreciated against Pound and Euro for a year.
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  • #616,680
  • Aug 15, 2021 7:49am Aug 15, 2021 7:49am
Quoting Nordling00
{quote} As a trader who mainly focuses on news and trades fundamentals, i can assure you that not all the news decide the direction. Some of them are direction showing, some of them are for creating pullbacks or rallies. This one is the latter. Cause you know there's not a trend that looks like 90 degrees, there will always be some pullbacks. So the thing that i see in your DXY chart is DXY is in the perfect spot for buying. Let's wait and see, let's see if i am correct or wrong.
Seems to me you're the type of guy who can read between the lines and at such an early age, well done, keep up the good work
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