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Cable Update (GBPUSD)

  • #618,581
  • Aug 22, 2021 4:46pm Aug 22, 2021 4:46pm
My 2 cents for GU this week


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Was slipping off the edge but i held up.
  • #618,582
  • Aug 22, 2021 4:52pm Aug 22, 2021 4:52pm
price came back on my post on friday to 61.8 fib and broke its tl and support line at 3617 numbers to watch 3605 3597 3594 ,,
  • #618,583
  • Aug 22, 2021 4:57pm Aug 22, 2021 4:57pm
Two brokers different spreads on Sundays. Does your broker have huge spread?
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  • #618,584
  • Aug 22, 2021 4:59pm Aug 22, 2021 4:59pm
Quoting BigNumbers
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... {image}
Price IS headed to (1HR) Resistance line that was broken 4 days ago. When price get to the line we can discuss further..
My telegram: https://t.me/avidforex
  • #618,585
  • Aug 22, 2021 5:01pm Aug 22, 2021 5:01pm
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  • #618,586
  • Aug 22, 2021 5:04pm Aug 22, 2021 5:04pm
looks like 50%ext bounce , careful just hedged it long target is above lol
  • #618,587
  • Aug 22, 2021 5:10pm Aug 22, 2021 5:10pm
Quoting Nordling00
{quote} 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 as soon as they taper the QE downward interest rates will go up all on their own ,the purpose of QE is force rates down ,
they spend a minimum 120 Billion per month right now buying bonds and mortgage backed securities .
If Powell this week says he wants to taper this year $ will go up in anticipation ,because $ interest rates will have to rise.
One thing for sure then is they have to stop QE intervention before raising rates.

"The Fed is currently buying about $120 billion of assets per month -- $80 billion of Treasury securities and $40 billion of mortgage-backed debt -- and has pledged to keep up that pace until “substantial further progress” has been made toward its goals of maximum employment and 2% inflation."
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #618,588
  • Aug 22, 2021 5:11pm Aug 22, 2021 5:11pm
gap filled and testing the break line its a little devil this cable this is a lot of movement on 5 min at this time on a sunday
  • #618,589
  • Aug 22, 2021 5:16pm Aug 22, 2021 5:16pm
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  • #618,590
  • Aug 22, 2021 5:20pm Aug 22, 2021 5:20pm
Quoting Bones
{quote} so as soon as they taper the QE downward interest rates will go up all on their own ,the purpose of QE is force rates down , they spend a minimum 120 Billion per month right now buying bonds and mortgage backed securities . If Powell this week says he wants to taper this year $ will go up ,because $ interest rates will have to rise "The Fed is currently buying about $120 billion of assets per month -- $80 billion of Treasury securities and $40 billion of mortgage-backed debt -- and has pledged to keep up that pace until “substantial further...
Tapering will of course strengthen USD, just wanted to say the most powerful way to deal with debt and inflation is raising the interest rates. Tapering is the pistol, and raising the rates is the rifle of FED.
You have to have an IQ higher than 90 to interact with this user.
  • #618,591
  • Aug 22, 2021 5:23pm Aug 22, 2021 5:23pm
1.3628-1.3618 4H inside bar
if up.., we can see imo 1.3670th.., 1.3740th and ...
if down.., 1.3520th...
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dolce vita
  • #618,592
  • Aug 22, 2021 5:25pm Aug 22, 2021 5:25pm
Quoting Nordling00
{quote} Do you think Yen is tradable though? Or should we just pass it like CHF?
you got a safer option in the eur
if they peg chf to eur
when chf is actually considerably stronger in reality , chf is huge spike risky to an event or crazy central bank action either way ,is all I'm saying
the other majors are ok
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #618,593
  • Aug 22, 2021 5:26pm Aug 22, 2021 5:26pm
Quoting BigNumbers
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... {image}
Yessirr.
A legend said
You have two choices in the market:
Give your money to another trader or
Take another trader’s money.

im diving with you into this GU man. Gl
  • #618,594
  • Aug 22, 2021 5:29pm Aug 22, 2021 5:29pm
Quoting BigNumbers
{quote} Price IS headed to (1HR) Resistance line that was broken 4 days ago. When price get to the line we can discuss further..
Had those figures in set on Friday. Was half expecting it to go over 13650 on opening
Insane in the Brain..
  • #618,595
  • Aug 22, 2021 5:48pm Aug 22, 2021 5:48pm
Inserted Video
not euphoria follower
  • #618,596
  • Aug 22, 2021 6:14pm Aug 22, 2021 6:14pm
Quoting iqyu5an
https://youtu.be/zlYew8ZpvWk
Loverly. Both
  • #618,597
  • Aug 22, 2021 6:32pm Aug 22, 2021 6:32pm
Quoting elbert3
gap filled and testing the break line its a little devil this cable this is a lot of movement on 5 min at this time on a sunday
It's not Sunday where I am...8am Monday morning..
Onwards and upwards...
  • #618,598
  • Aug 22, 2021 6:32pm Aug 22, 2021 6:32pm
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the price might be goes up until hit that area, and then will drop down and make LL for this week
Using Chaos to Finding Order
  • #618,599
  • Aug 22, 2021 6:52pm Aug 22, 2021 6:52pm
i am curious if
1.3570.., will stay or..
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dolce vita
  • #618,600
  • Edited 7:36pm Aug 22, 2021 7:21pm | Edited 7:36pm
Quoting babayaga
i am curious if 1.3570.., will stay or.. {image}
Boss, bears must be taking profit, it has fallen quite a bit already, seeing sharp falling wedge, I'm anticipating it to reverse from that area but we'll see what happens next
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