Cable Update (GBPUSD)

Quoting Waveskierrob

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{quote} 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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Quoting Techanalyst

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{quote} 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...

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Quoting W0lfram

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{quote} Took another look. That bottom looks kind of absorption, but very weak one: Bid imbalance at LOD, then price bounced a little (tp or passive buys that hold the price) {image} Probably 1.38 could be the next stop/consolidation, if 1.386 - 1.385 doesn't hold. Otherwise up to 1.393+. But it's better to react rather than predict{image}

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Quoting W0lfram

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{quote} Went to the demand zone and returned to the starting point, creating a supply zone along the way. {image} Sellers tried hard, but could not pick out the slightest pullback. Someone is very interested in keeping the price even at the high, but the first obstacles for the buyers also appear. Looking for longs after pullback, unless it'll break 1.38 again {image}

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Quoting hasib

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{quote} I am not talking about current Dxy or GU price. I have seen many times in the past, Price move against Fundamental data if you call Economic calendar as a fundamental; so many people think their little economic data will shape the market many times it go reverse too. Another interesting point is, when I traded a particular move and make profit with out knowing fundamental news, later on I find that because of some news this move happen. People and journalist always try to find the reason for a particular move. Technical comes first and fundamental...

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Quoting Bones

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{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}{image}

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Quoting Techanalyst

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{quote} Fundamentals 80% , technicals 20%. Macro and micro economics run the equity market. Charts are second to get the data. That is how markets work.

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Quoting Nordling00

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{quote} I was agreeing with the first version of your post but i see that you edited it. I don't agree with this version So i took my "like" back. The point that i don't agree with is, no matter who you give that printed money -whether it's the people or the markets- it will create inflation. To avoid inflation, you shouldn't even have printed that money. No matter who's on the receiving side.

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Quoting Techanalyst

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{quote} Fundamentals 80% , technicals 20%. Macro and micro economics run the equity market. Charts are second to get the data. That is how markets work.

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Quoting Ihlas

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{quote} That's me broI'm sorry for your lossHappy for your profit

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Quoting Bones

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{quote} I never edited the text ,I added an image about raising tax on the rich never works. It matters because smaller amounts to many who will spend it rather than larger amounts to the few (say top 10%) won't spend it . You have to get your head around the 2 economies that exist, {image} {image}

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Quoting Amin1422

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It could be that, there could be gaps with dollar pairs on open because of the Taliban news, I wonder how people with open positions during the weekend feel about that

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