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Cable Update (GBPUSD)

  • #623,061
  • Sep 13, 2021 3:05am Sep 13, 2021 3:05am
Fundamentally, there are two scenarios to keep in mind for the coming weeks.
1) US will vote to raise its debt limit.
2) US will NOT VOTE to raise its debt limit.

If scenario 2 happens, there are 2 dates to watch out for:
Sept 30 - US gov't will shut down
Oct 15 - US will default on its debt

Good luck and do your analyses based on this info.
Lost....
  • #623,062
  • Sep 13, 2021 3:17am Sep 13, 2021 3:17am
Quoting kris89
{quote} maybe if the price away from there +50 pip haha
That would be awesome
For me to feel more comfortable with my long, I would like to see 4 hr candle (which is closing in 45 mins) to close above 1.3820
  • #623,063
  • Sep 13, 2021 3:22am Sep 13, 2021 3:22am
I think we may see 1.3780
One more leg down H1
  • #623,064
  • Sep 13, 2021 3:27am Sep 13, 2021 3:27am
Am waiting for a pullback to the 1.3828 area to sell again.
Today's trend should be able to go well over 70 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 0b9ed554aac3711aafe804c919e2dea6.png Size: 61 KB
Aim for what's achievable and don't be a dreamer.
  • #623,065
  • Sep 13, 2021 3:40am Sep 13, 2021 3:40am
Quoting gespiri
Fundamentally, there are two scenarios to keep in mind for the coming weeks. 1) US will vote to raise its debt limit. 2) US will NOT VOTE to raise its debt limit. If scenario 2 happens, there are 2 dates to watch out for: Sept 30 - US gov't will shut down Oct 15 - US will default on its debt Good luck and do your analyses based on this info.
Looking at the US debt situation, came out with something to ponder.

Here's my take ;-
After having just raised the debt limit, they are already seeing the need for another soon, or the US will default.
US = bankrupt, printing money to keep afloat.
Printing money can devalue money, but it still exists and money gets taken out of the system as well.

It would be unthinkable that Congress wouldn’t raise the debt limit.
The US would effectively default on its debt.
The US cannot default on its debt.
That’s a meaningless statement.
US Govt, go thru this ritual so congress can cut spending it already wanted to to raise the arbitrary limit they were gonna raise anyway
And this Congress will absolutely vote to raise the limit.

According to IMF warns that US debt burden is unsustainable in long term. So we know where this is heading....

Why not auction the asset US military left in Afganistan, I want to buy the Humvee and few Black Hawk helicopter

Lastly ;
US already freeze Afgan US9.5 billion. Use that as offset to the asset left in Afgan.

Yellen know this ,
Democrats control the debt limit.
And the debt.
It can be done with the reconciliation process but Democrats want to pretend it's republicans.


Raise the debt to help their friends, I hope i can become friend too...
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #623,066
  • Sep 13, 2021 3:41am Sep 13, 2021 3:41am
Quoting ServerUang
{quote} you close all your short positions? ohhh... how sad.... My analysis is a downward trend, why do you even close all your sells? ?? SU {image}
Duit duit nye de kan bro
not euphoria follower
  • #623,067
  • Sep 13, 2021 3:46am Sep 13, 2021 3:46am
from the look of my price action, i can tell London boys is not happy with the current value, neither selling or buying but in equilibrium .
the market maker need to push price to value.

expecting slow london today
MY OPINION NOT FINANCIAL ADVISE
  • #623,068
  • Sep 13, 2021 3:51am Sep 13, 2021 3:51am
dont be greedy,

i took a short from 13880 last week and closed it very early for 25pips
why did i closed it early
plan your trade and trade your plan, my mission is to risk 1 for 1 reward because i am 99% sure 25pips will be made in any direction.

there will always be another opportunity to reenter, feeling like the market has left you is not always the best.
MY OPINION NOT FINANCIAL ADVISE
  • #623,069
  • Sep 13, 2021 4:00am Sep 13, 2021 4:00am
Quoting donfriday
dont be greedy, i took a short from 13880 last week and closed it very early for 25pips why did i closed it early plan your trade and trade your plan, my mission is to risk 1 for 1 reward because i am 99% sure 25pips will be made in any direction. there will always be another opportunity to reenter, feeling like the market has left you is not always the best.
"Greed is good" lol
Daddy, Brother, Lover, Little Boy
  • #623,070
  • Sep 13, 2021 4:06am Sep 13, 2021 4:06am
Quoting Pat Chiko
{quote} Looking at the US debt situation, came out with something to ponder. Here's my take ;- After having just raised the debt limit, they are already seeing the need for another soon, or the US will default. US = bankrupt, printing money to keep afloat. Printing money can devalue money, but it still exists and money gets taken out of the system as well. It would be unthinkable that Congress wouldn’t raise the debt limit. The US would effectively default on its debt. The US cannot default on its debt. That’s a meaningless statement. US Govt, go...
I agree that the US may raise the debt limit but this time it is different.
Rapidly rising inflation is directly impacting ordinary Americans. A vote to raise the debt and also approve the $3.5 TRILLION "infrastructure bill" is a death sentence for their political careers (unless they rig the mid terms again). They know that and the people are really angry this time.
We'll wait and see.....
Lost....
  • #623,071
  • Sep 13, 2021 4:27am Sep 13, 2021 4:27am
Quoting gespiri
{quote} I agree that the US may raise the debt limit but this time it is different. Rapidly rising inflation is directly impacting ordinary Americans. A vote to raise the debt and also approve the $3.5 TRILLION "infrastructure bill" is a death sentence for their political careers (unless they rig the mid terms again). They know that and the people are really angry this time. We'll wait and see.....
And this argument is one of the factors that will spark Volatility in this last quarter...
Data + Stat + Risk/Emotions Management
  • #623,072
  • Sep 13, 2021 4:28am Sep 13, 2021 4:28am
Quoting Mr.Burger
{quote} "Greed is good" lol
Greed is good... until it's not. Ha ha ha


Attached Image
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #623,073
  • Sep 13, 2021 4:35am Sep 13, 2021 4:35am
Quoting Pat Chiko
{quote} Greed is good... until it's not. Ha ha ha {image}
depends on how people see
Attached Image
Daddy, Brother, Lover, Little Boy
  • #623,074
  • Sep 13, 2021 4:48am Sep 13, 2021 4:48am
Quoting iqyu5an
{quote} Duit duit nye de kan bro
wavegarrick tuh punya tumpukan sell sejak bulan yang lalu, mulai angka 1.4230 setiap turun 10 pont dia punya sell..
ada kalo 40 posisi sell.

SU
  • #623,075
  • Sep 13, 2021 4:52am Sep 13, 2021 4:52am
dollar is going down..

how Ilhas like to say, just my -1,000,000 cents
  • #623,076
  • Sep 13, 2021 4:58am Sep 13, 2021 4:58am
Quoting gatenio
dollar is going down.. how Ilhas like to say, just my -1,000,000 cents
indeed
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #623,077
  • Sep 13, 2021 5:00am Sep 13, 2021 5:00am
Good idea to buy EU. Just gatenio's cents, not mine
  • #623,078
  • Sep 13, 2021 5:03am Sep 13, 2021 5:03am
Quoting gatenio
dollar is going down.. how Ilhas like to say, just my -1,000,000 cents
Dollar index, just pullback or reversal ?

SU
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  • #623,079
  • Sep 13, 2021 5:04am Sep 13, 2021 5:04am
Time to buy
Don't trade what you think. Just what you see!!!
  • #623,080
  • Sep 13, 2021 5:05am Sep 13, 2021 5:05am
Quoting gatenio
dollar is going down.. how Ilhas like to say, just my -1,000,000 cents
We obviously don't look at the same charts? Only struggling a bit against CAD, will overcome it too.
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