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Cable Update (GBPUSD)

  • #634,761
  • Oct 29, 2021 4:33pm Oct 29, 2021 4:33pm
Quoting Bones
ok lets look at the theory why are they new $'s when GDP goes up in normal times ,(money printing is new money , expanding money supply ,that is inflationary ) The idea of GDP is see how busy a country is ,it's like how much you earn. If I want to build a house I borrow the money ,build the house and owe the money , I pay the money , then I have a house that never existed which is productive ,the debt has an asset offset while it's being paid.This is not new inflationary money in that sense as its paired to something real. {image}
In the example you give, everything stays in the country. The money can go outside of the country though. But rather than GDP, these two questions bug me:


US PCE came out just as expected. No change between the forecast and the actual numbers. Why would it be bullish?

Euro Area Inflation and Growth came out more than expected. Actual numbers were more than the forecast. Why would it be bearish?
You have to have an IQ higher than 90 to interact with this user.
  • #634,762
  • Oct 29, 2021 6:06pm Oct 29, 2021 6:06pm
Don't watch the puppet show...Understand the puppeteer.
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  • #634,763
  • Oct 29, 2021 6:36pm Oct 29, 2021 6:36pm
Quoting iqyu5an
possible truncated wave 5 at the end of Leg A of ABC ? start of B leg ? meanwhile baby shark dudududu on EG ehhh #upssssss #MindTrading
any 1 ?
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not euphoria follower
  • #634,764
  • Oct 29, 2021 6:46pm Oct 29, 2021 6:46pm
Quoting iqyu5an
{quote} any 1 ? {image}
Landint xD . Next week will be a good one
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #634,765
  • Oct 29, 2021 6:54pm Oct 29, 2021 6:54pm
Quoting kris89
{quote} Landint xD . Next week will be a good one
there is already bullish sign . with given pressure on market...need time under bullish divergence frame work ( at least ) for market to wake up . bear is bull best friend

aaaaaaaaaaahhh naha aing jadi ngacapruk teu puguh..not my style soalna wkwkkwkw...... geus ahhh have a weekend my friendsssssssssssssssss

c ya
not euphoria follower
  • #634,766
  • Oct 29, 2021 7:25pm Oct 29, 2021 7:25pm
Quoting iqyu5an
{quote} there is already bullish sign . with given pressure on market...need time under bullish divergence frame work ( at least ) for market to wake up . bear is bull best friend aaaaaaaaaaahhh naha aing jadi ngacapruk teu puguh..not my style soalna wkwkkwkw...... geus ahhh have a weekend my friendsssssssssssssssss c ya
Uda uda. Weekend dl. Ngapain di forum wkkwkww
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #634,767
  • Oct 29, 2021 7:28pm Oct 29, 2021 7:28pm
Quoting iqyu5an
{quote} there is already bullish sign . with given pressure on market...need time under bullish divergence frame work ( at least ) for market to wake up . bear is bull best friend aaaaaaaaaaahhh naha aing jadi ngacapruk teu puguh..not my style soalna wkwkkwkw...... geus ahhh have a weekend my friendsssssssssssssssss c ya
The market just reached a supply & demand area. So yes buyers/bulls were waiting to take command of the price. Let's see what cable decides to do before NFP. That will tell the story. I will be doing a major analysis about the bulls and bear market to come. I see a possible sign already. I'm going to wait though.
  • #634,768
  • Oct 29, 2021 8:31pm Oct 29, 2021 8:31pm
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yes yes yes
  • #634,769
  • Oct 29, 2021 11:46pm Oct 29, 2021 11:46pm
Quoting Bones
the monthly looks bullish to me ,more bullish than I thought it could be at that time ,however I don't argue with the weekly off bat ,if your reading price over distance I wouldn't try to break it down whatsoever in November {image} {image}

i agree with you..
MY OPINION NOT FINANCIAL ADVISE
  • #634,770
  • Oct 29, 2021 11:54pm Oct 29, 2021 11:54pm
Quoting Bones
ok lets look at the theory why are they new $'s when GDP goes up in normal times ,(money printing is new money , expanding money supply ,that is inflationary ) The idea of GDP is see how busy a country is ,it's like how much you earn. If I want to build a house I borrow the money ,build the house and owe the money , I pay the money , then I have a house that never existed which is productive ,the debt has an asset offset while it's being paid.This is not new inflationary money in that sense as its paired to something real. {image}


over the years we always have a trend reversal that identifies a change of trend but this look at a choppy price at 138 and then drop


i am still not backing my money on this drop because i cannot find liquidity that cause this drop .. something strange is about to happen on Gu ..

trend reversal that i mostly look for is 123 after a bulllish or bear market....
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MY OPINION NOT FINANCIAL ADVISE
  • #634,771
  • Oct 30, 2021 12:23am Oct 30, 2021 12:23am
Quoting Nordling00
{quote} In the example you give, everything stays in the country. The money can go outside of the country though. But rather than GDP, these two questions bug me: US PCE came out just as expected. No change between the forecast and the actual numbers. Why would it be bullish? Euro Area Inflation and Growth came out more than expected. Actual numbers were more than the forecast. Why would it be bearish?
Hi nordling.. Here just my opinion i never trade based on fundamental news, because i learn if fx market is controlled, sometime wtf moment came during the news, we as trader just accepted the price from the CB and move on, i already seen stupid moment and thats not make any sanse, i'll give 1 exam tried look at EUR/CHF 15 January 2015, the price move directly opposite from abandonment (CB Swiss) news, and need 3 years to recovered,
Using Chaos to Finding Order
  • #634,772
  • Oct 30, 2021 1:23am Oct 30, 2021 1:23am
[quote = Bones; 13766427]
if you are talking about us dollars, there are internal dollars and there are external dollars. USA exports inflation to third countries. external dollars are withdrawn from the US circulation. they are also called oil dollars.
  • #634,773
  • Edited 1:58am Oct 30, 2021 1:48am | Edited 1:58am
Quoting donfriday
{quote} over the years we always have a trend reversal that identifies a change of trend but this look at a choppy price at 138 and then drop i am still not backing my money on this drop because i cannot find liquidity that cause this drop .. something strange is about to happen on Gu .. trend reversal that i mostly look for is 123 after a bulllish or bear market.... {image}
So many technical bearish sign actually and no straigth line in business or life in real .
Make it sinple bro... just call it false break at the top ? So life / business / trade become easy and less stress .
Still so many things to do ourside there beside trading

Enjoy the weekend ....
not euphoria follower
  • #634,774
  • Oct 30, 2021 2:06am Oct 30, 2021 2:06am
Quoting Bones
{quote} well Im feeling he should admit it can't go negative this month or next ? at least {image}
Bones, see you at 1.3150 by or before end of December.
Data + Stat + Risk/Emotions Management
  • #634,775
  • Oct 30, 2021 2:09am Oct 30, 2021 2:09am
Quoting Georginson
{quote} Bones, see you at 1.3150 by or before end of December.
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Regards
  • #634,776
  • Oct 30, 2021 2:12am Oct 30, 2021 2:12am
Quoting Georginson
{quote} Bones, see you at 1.3150 by or before end of December.
Why are you excluding the possibility of a new minimum range?
Air force
  • #634,777
  • Oct 30, 2021 2:16am Oct 30, 2021 2:16am
Friday move wasn't a bearish move, it was end of month profit taking, nothing more, nothing less. November should continue up.
Everyone can see the chart, but only a few can actually read it.
  • #634,778
  • Oct 30, 2021 2:34am Oct 30, 2021 2:34am
Quoting W0lfram
{quote} Why are you excluding the possibility of a new minimum range?
I have already factored in new Minimum range, which is why I'm looking at 1.3150... this pair may even drop to as low as 1.28 based on most Repeated minimum range. only a break and daily candle closure above 1.3830 will invalidate 1.3150.
Data + Stat + Risk/Emotions Management
  • #634,779
  • Oct 30, 2021 2:57am Oct 30, 2021 2:57am
Quoting Georginson
{quote} Bones, see you at 1.3150 by or before end of December.
possible
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Daddy, Brother, Lover, Little Boy
  • #634,780
  • Oct 30, 2021 3:21am Oct 30, 2021 3:21am
Quoting Pram808
{quote} Hi nordling.. Here just my opinion i never trade based on fundamental news, because i learn if fx market is controlled, sometime wtf moment came during the news, we as trader just accepted the price from the CB and move on, i already seen stupid moment and thats not make any sanse, i'll give 1 exam tried look at EUR/CHF 15 January 2015, the price move directly opposite from abandonment (CB Swiss) news, and need 3 years to recovered,
Hi Pram, 2015 CHF crash made sense because Switzerland announced that they will leave the Euro peg on CHF. So that crash had a reason.

Every big move has a reason in this market. Sometimes we, the traders are the ones that can't see it but there's always a reason.

Have a good weekend!
You have to have an IQ higher than 90 to interact with this user.
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