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Cable Update (GBPUSD)

  • #618,561
  • Aug 22, 2021 8:48am Aug 22, 2021 8:48am
Best option to win sell from years highest and buy from years lowest.
Any good recommendations?
  • #618,562
  • Aug 22, 2021 8:57am Aug 22, 2021 8:57am
Quoting Bones
{quote} No never I don't follow it , Eur is low for most advanced members of Europe and the Swiss either peg it or threat to peg is good enough. It's a safe haven that would probably be higher than the whole region . I received quite a few e mails about changes to margin on CHF in this last week I'm not following why .I would just trade Eur as its so stable compared .
I see, well you are right. Swiss Franc acts like a peg, not all the time but it's hard to trade based on Switzerland's fundamentals since more than 25% of Switzerland's money is backed by gold reserves.

But what do you think about the Japanese Yen? With Gold and Swiss Franc, Japanese Yen appreciated too. I understand why Gold and Franc is correlated but Yen confuses me sometimes What do you think?
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  • #618,563
  • Aug 22, 2021 8:58am Aug 22, 2021 8:58am
Quoting Jolita
Best option to win sell from years highest and buy from years lowest. Any good recommendations?
Sometimes there's a strong reason why something is going down or up. It may make more higher highs or more lower lows. It's important to know the reason and drivers behind it.
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  • #618,564
  • Aug 22, 2021 10:00am Aug 22, 2021 10:00am
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breakout support and resisten
Like me, cuts losses quickly. But has more patience and lets his winn
  • #618,565
  • Aug 22, 2021 10:04am Aug 22, 2021 10:04am
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Like me, cuts losses quickly. But has more patience and lets his winn
  • #618,566
  • Aug 22, 2021 10:33am Aug 22, 2021 10:33am
Quoting Nordling00
{quote} I see, well you are right. Swiss Franc acts like a peg, not all the time but it's hard to trade based on Switzerland's fundamentals since more than 25% of Switzerland's money is backed by gold reserves. But what do you think about the Japanese Yen? With Gold and Swiss Franc, Japanese Yen appreciated too. I understand why Gold and Franc is correlated but Yen confuses me sometimes What do you think?
when they removed the peg in 2015 that should give an idea how wildly under valued it is, there are many reasons for the safe haven status .
All of those you list are in the same safe category but none are so far out from reality imo
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  • #618,567
  • Aug 22, 2021 10:57am Aug 22, 2021 10:57am
Quoting Bones
{quote} when they removed the peg in 2015 that should give an idea how wildly under valued it is, there are many reasons for the safe haven status . All of those you list are in the same safe category but none are so far out from reality imo {image}
Do you think Yen is tradable though? Or should we just pass it like CHF?
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  • #618,568
  • Aug 22, 2021 12:23pm Aug 22, 2021 12:23pm
Quoting Bones
{quote} yes they don't want to fight or even be there now ,but its still a very unstable situ
Well the Afghans didn't want to fight Taliban, the Puppet Govt. ran off and the Afghan army (sic) had nothing to fight for or the will to fight. No surprise the Taliban walked back in. Same old historical story : Other countries want to dominate Afghanistan because of its' geographical importance etc. And each time the occupying force ( none ever had the backing or were asked to occupy Afghanistan by the local tribes) had to admit failure and leave.
every Saint has a past. Every Sinner has a Future
  • #618,569
  • Aug 22, 2021 12:27pm Aug 22, 2021 12:27pm
I have always thought when a war starts cable seems to rally..perhaps oil?
  • #618,570
  • Aug 22, 2021 12:33pm Aug 22, 2021 12:33pm
Quoting nAVIN2007
I have always thought when a war starts cable seems to rally..perhaps oil?
war? what war?
  • #618,571
  • Aug 22, 2021 12:51pm Aug 22, 2021 12:51pm
Quoting genadi
{quote} war? what war?

not a war yet but let's be honest the Taliban have the largest supply of opium it not like, nobody be like f*ck it..lol
  • #618,572
  • Aug 22, 2021 1:24pm Aug 22, 2021 1:24pm
Quoting nAVIN2007
I have always thought when a war starts cable seems to rally..perhaps oil?
Oil is plummeting at the moment.
Someone is trying to knock the price down.
  • #618,573
  • Aug 22, 2021 1:28pm Aug 22, 2021 1:28pm
Quoting turnip15
{quote} Well the Afghans didn't want to fight Taliban, the Puppet Govt. ran off and the Afghan army (sic) had nothing to fight for or the will to fight. No surprise the Taliban walked back in. Same old historical story : Other countries want to dominate Afghanistan because of its' geographical importance etc. And each time the occupying force ( none ever had the backing or were asked to occupy Afghanistan by the local tribes) had to admit failure and leave.
I don't really understand, so many years US were involved and now started to save money and to let them be. OK then, decision made, wth dollar gets stronger?
  • #618,574
  • Aug 22, 2021 3:15pm Aug 22, 2021 3:15pm
Quoting Jolita
{quote} I don't really understand, so many years US were involved and now started to save money and to let them be. OK then, decision made, wth dollar gets stronger?
I think yes, they won't need to wage war and that can cool down the inflation.
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  • #618,575
  • Aug 22, 2021 3:53pm Aug 22, 2021 3:53pm
Here's my take on the GBPUSD. The GBPUSD market is still under bearish pressure. Price action on the daily time frame is at the base of a falling triangle (blue) and the general technical mode favours bears more than bulls. As price action is at the 1.36720/1.35700 demand zone (sandybrown), I would await either a bearish continuation set-up or a bullish turn-around significantly confirmed with price action on a daily closing basis.


I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #618,576
  • Aug 22, 2021 4:06pm Aug 22, 2021 4:06pm
Quoting Nordling00
{quote} I think yes, they won't need to wage war and that can cool down the inflation.
A big loss of huge resources lost over years, people's life's destroyed. Shame for them, protection has ended life's in fear without safety.

Going back to inflation, full or reduced tappering will only damage the economy. Look at Greece, Europe, UK sinking in huge debt. Our kids and future generation will pay the bills.

Lets not get in to this as anyway out of our hands. Let's be positive and move on. Thanks J
  • #618,577
  • Aug 22, 2021 4:13pm Aug 22, 2021 4:13pm
Quoting elbert3
{quote} {image} lol yes but it is Sunday we need a down day lol .. gap down I think on the open to 3612 area and let’s see Regards E
as above i put an order to buy at 15 when the market was closed but they never filled it lol
  • #618,578
  • Aug 22, 2021 4:18pm Aug 22, 2021 4:18pm
target 3597
  • #618,579
  • Aug 22, 2021 4:18pm Aug 22, 2021 4:18pm
Quoting Jolita
{quote} A big loss of huge resources lost over years, people's life's destroyed, Shame for them protection has ended life's in fear without safety,. Going back to inflation, full or reduced tappering will only damage the economy. Look at Greece, Europe, UK sinking in huge debt. Our kds and future generations will pay the bills. Lets not het in to this as anyway out of our hands. Let's be positive and move on. Thanks J
Unfortunately yes, what we see in Afghanistan is a very sad picture for the humanity. But Taliban can't cover the sun with mud. Years will pass and they won't be able to compete with the developing technology, age, neighbouring countries etc. and they will fail sooner or later. Just like Soviet Union, Nazi Germany, Mussolini's Italy, Ottoman Empire. History is full of these failed states. They lost to technology and development, this time won't be any different. Let's remember the evolution's first rule: "Those who can adapt, will survive"

So stay positive like you said. World is going to be a better place as long as people keep making progress somewhere in the world.

As for inflation and debt, best way to deal with these two are raising the interest rates. Looks like FED will do that in 2022.
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  • #618,580
  • Aug 22, 2021 4:37pm Aug 22, 2021 4:37pm
SELL @ 1.36212
TP: 1.35719
50 pips
For you to gain some pips in a favorable direction; someone has to loss some pips.. That's the idea behind trading...
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