Cable Update (GBPUSD)

Quoting Bones

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{quote} Also I think that saying they would taper but also keep pegging interest rates to 0% was a surprise in his speech So if they try taper and interest rates go up, I'm left wondering what they gonna do ? its almost an impossible task like getting employment back to where it was Thats the point, the goals are too high ,it won't happen

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Quoting Bones

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{quote} It's all those other Fed members put the narrative out there ,the confusion stems with all those Thursday FED talking heads + everyone knows they should stop inflating housing and assets straight away, I'm looking at a monstrously overstimulated economy where tax receipts have broken all records just like everyone else. What I don't get is any faith in Powell whatsoever.

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Quoting trumps

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{quote} Yes I know it is the other Fed members being reported on, I mentioned this. That's the problem. Only snippets of what they say are put as headlines. No context at all. I would like to listen to the full interview or speech they make that grabs so much constant attention, so we can get things in context. What they serve up, is easily digested, bubble gum journalism. It is incredibly easy to take comments out of context and change the meaning entirely, as the media demonstrated with Powell's speech.

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Quoting Bones

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that tl on dxy won't hold {image} {image}

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Quoting mysterio

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{quote} Was thinking of this one, thinking it will likely bounce next week {image}

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Quoting trumps

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{quote} I never said anything about the media manipulating the market. It's not the market they are manipulating...... I think its strange you thought I was talking about the market.

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Quoting W0lfram

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Basic time-series analysis. Looking at the ATR, the first thought is that volatility is about to start rising. Two options here: clear directional movement or range expansion. {image} Footprint. So far, the price has not broken anything significant (imo) and is in the previous daily DBD supply zone. Base above that area will bring cable more upside {image}How it should look, roughly. https://atas.net/volume-analysis/bas...-and-true-one/...

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Quoting Bones

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{quote} a big gap up might save it I can only say what I was $ using surprised me, but it is a tricky currency .That evening star should not be messed with, that trend line won't hold. {image}

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Quoting maheeee

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sell sell sell {image}

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Quoting mysterio

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{quote} I am liking these analysis W0lfram keep up the good work

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Quoting Nd10

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{quote} Don't be offended please. I see All Time Return of over 88% in the red. Is it what I'm thinking or did you leave it there for effect, thereby making people believe you are not doing well

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Quoting stevepatt

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{quote} Hi Pat, This is how I see it. As you say it is open to interpretation I don't know about you, but I find it much easier to "Read Price" on a Short Term basis "Day to Day" rather than looking from a Longer Term perspective "Week to Week" {image}

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Quoting W0lfram

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{quote} There are bugs in TE. One of which I noticed is: doubling %return, if on day_1 the trade was at loss, but on day_2, for example, you closed it in profit. Just don't trust these percentages too much.

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Quoting maheeee

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sell sell sell {image}

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Quoting Bones

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{quote} yea it is ,I don't know the answer other than tell us how your going to stop however this ends there will be pain the later it is=the more it will hurt The market is not wrong, I wouldn't worry about those media snippets ,what Powell said is inflationary for sure {image}

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Quoting Nd10

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{quote} Don't be offended please. I see All Time Return of over 88% in the red. Is it what I'm thinking or did you leave it there for effect, thereby making people believe you are not doing well

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Quoting trumps

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{quote} Hi Bones, yes it's inflationary, we know that. I'm not arguing how correct his policies are, just the almost total lack of media coverage his loose monetary policy comments get. Then on the odd occasion the media does comment on his speech/FOMC, they twist it to produce a hawkish view.

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