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Cable Update (GBPUSD)

  • #634,781
  • Oct 30, 2021 3:37am Oct 30, 2021 3:37am
Quoting iqyu5an
{quote} 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 ....


I am not bullish on GU i just dont think its time for me

i have said it that 138 is a price for sellers to attack GU maybe toward 135 and 13550 but for the crash of 133 i dont think 138 will be the price to take us that dip for now but i am only suggestion the market should decide.


when its clear i will join
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MY OPINION NOT FINANCIAL ADVISE
  • #634,782
  • Oct 30, 2021 3:45am Oct 30, 2021 3:45am
Quoting donfriday
{quote} I am not bullish on GU i just dont think its time for me i have said it that 138 is a price for sellers to attack GU maybe toward 135 and 13550 but for the crash of 133 i dont think 138 will be the price to take us that dip for now but i am only suggestion the market should decide. when its clear i will join {image}
so a higher area for a bigger drop seems to be the general thinking. I’m kinda with you on this. Gut feeling we may see another attempt at 13850 -140 before we drop it like a

from a news perspective we have the BoE inevitable interest rates increase on Thursday which even though has been factored in by around 60% should carry us up towards 13850 from todays position. However if the commentary is such that there wi be a slow rates increase strategy then that could also help open the trapdoor. It will be a tight and interesting week ahead.
Insane in the Brain..
  • #634,783
  • Oct 30, 2021 3:47am Oct 30, 2021 3:47am
Quoting Georginson
{quote} Bones, see you at 1.3150 by or before end of December.


you should have reply it on thursday but you ignored the message, you have actually made other post and Skip that of Bones...

you should wait for market to be in ur favor you back ur claim..u can defend urself even if u are wrong
MY OPINION NOT FINANCIAL ADVISE
  • #634,784
  • Oct 30, 2021 3:49am Oct 30, 2021 3:49am
Quoting BeeTogether
{quote} so a higher area for a bigger drop seems to be the general thinking. I’m kinda with you on this. Gut feeling we may see another attempt at 13850 -140 before we drop it like a from a news perspective we have the BoE inevitable interest rates increase on Thursday which even though has been factored in by around 60% should carry us up towards 13850 from todays position. However if the commentary is such that there wi be a slow rates increase strategy then that could also help open the trapdoor. It will be a tight and interesting week...
And how the market will shock traders with quick and rapid fall without revisiting 1.40 in the next 6 months... Count the bullish duration from April 2020 which is 14 months, expect at least 7 months of crash to 1.31 - 1.28 area. Traders here wouldn't say they weren't informed about this when this start happening.

Take utmost caution.
Data + Stat + Risk/Emotions Management
  • #634,785
  • Oct 30, 2021 3:52am Oct 30, 2021 3:52am
Quoting Georginson
{quote} 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.
Your level based on existing minimum, which is 2012's ~1100 pips according to your broker. That's why I'm saying "new".

That will drive price to 1.442+ this year to complete 'minimum range'?
2012 once failed the task to reach previous minimum - 1474 pips.
Air force
  • #634,786
  • Oct 30, 2021 3:53am Oct 30, 2021 3:53am
Quoting donfriday
{quote} you should have reply it on thursday but you ignored the message, you have actually made other post and Skip that of Bones... you should wait for market to be in ur favor you back ur claim..u can defend urself even if u are wrong
I'm not a hypocrite nor a coward to shy away from admitting a wrong... Below is my candid reply on Thursday when price was trading at 1.3807.
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Data + Stat + Risk/Emotions Management
  • #634,787
  • Oct 30, 2021 4:01am Oct 30, 2021 4:01am
Quoting Georginson
{quote} I'm not a hypocrite nor a coward to shy away from admitting a wrong... Below is my candid reply on Thursday when price was trading at 1.3807. {image}

the Reply to Bones is same as Reply to Navin?

why then you reply again


it doesn't make sense to me if you have classified ur reply to Navin as Reply to Bones then i wont even come back to reply Bones after ignoring the initial post..

its not about ur bearish call but bro you shouldnt go search for old post u initially ignored



Would you have search that post if price bridge 13830? would you?
MY OPINION NOT FINANCIAL ADVISE
  • #634,788
  • Oct 30, 2021 4:06am Oct 30, 2021 4:06am
Quoting Mr.Burger
{quote} possible {image}
i dont know about that count, 140 bars according Bill Williams?
The FE of your 3th is insane, way over 2.618.
  • #634,789
  • Edited 4:19am Oct 30, 2021 4:09am | Edited 4:19am
Quoting W0lfram
{quote} Your level based on existing minimum, which is 2012's ~1100 pips according to your broker. That's why I'm saying "new". That will drive price to 1.442+ this year to complete 'minimum range'? 2012 once failed the task to reach previous minimum - 1474 pips.
From year 2011 to year 2020, only one year out of 10 years had 1072 pips, 9 other years had minimum of 1350 pips... Also noteworthy that it was year 2012 that had such 1072 pips range.

The ranges further juxtaposed by introducing August to December Ranges also pointed minimum of 820 pips (August - December) last 10 years.

So Making use of extreme possible new minimum independent of the previous yearly range data, still points at 90% chance of approximately 1100 pips occurrence.

Now my question to you is, are we going to be roaming just 400 pips between November and December? Only if we are to roam just within 400 pips between now and December, only then will 1.34 and 1.42 will remain unbroken to prevent this range expansion.

Note: at least one month out of twelve months of the last 5 years have produced 750+ pips range in a single month. This year hasn't produced 750+ range in a single month, which means either November or December will very likely produce 750+ pips range in a single month... Volatility warning alert...
Data + Stat + Risk/Emotions Management
  • #634,790
  • Oct 30, 2021 4:12am Oct 30, 2021 4:12am
Quoting donfriday
{quote} the Reply to Bones is same as Reply to Navin? why then you reply again it doesn't make sense to me if you have classified ur reply to Navin as Reply to Bones then i wont even come back to reply Bones after ignoring the initial post.. its not about ur bearish call but bro you shouldnt go search for old post u initially ignored Would you have search that post if price bridge 13830? would you?
I definitely would have revisited it again, as Bones and I have done this in the past to visit previous calls and occurrence. This is not war of supremacy, it is positive intellectual and constructive ideas sharing differences for learning purposes.
Data + Stat + Risk/Emotions Management
  • #634,791
  • Oct 30, 2021 4:29am Oct 30, 2021 4:29am
Quoting Georginson
{quote} I definitely would have revisited it again, as Bones and I have done this in the past to visit previous calls and occurrence. This is not war of supremacy, it is positive intellectual and constructive ideas sharing differences for learning purposes.

you've replied to several posts and made several quotes after that of Bones infact you responded Navin min after he made a post but you ignored the one Bones made and came back to reply after market gone in ur direction in about 48Hrs...

how is the post relevant to you almost 48hrs ...even the bull bias will join the bear bias when they feel its needed, its not 1 way road that u will be looking at market going 500-600 pips without u making a single trade.


defend why you would go back to a post that u ignored for about 48hrs , u had the notification u ignored it and now u came to defend it.

my opinion i would have Skip the post forever even if its in my direction,,,,
MY OPINION NOT FINANCIAL ADVISE
  • #634,792
  • Oct 30, 2021 4:34am Oct 30, 2021 4:34am
Mannnnnnn

It's coffee time .....
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not euphoria follower
  • #634,793
  • Oct 30, 2021 4:36am Oct 30, 2021 4:36am
Quoting donfriday
{quote} you've replied to several posts and made several quotes after that of Bones infact you responded Navin min after he made a post but you ignored the one Bones made and came back to reply after market gone in ur direction in about 48Hrs... how is the post relevant to you almost 48hrs ...even the bull bias will join the bear bias when they feel its needed, its not 1 way road that u will be looking at market going 500-600 pips without u making a single trade. defend why you would go back to a post that u ignored for about 48hrs , u had the notification...
Your argument is absolutely baseless and pointless, check Bones post as he didn't even mention my name in that post, instead he used 'Pronoun'. Now my post is directed to Bones with no intent to provoke him but to get his reaction and view(s) and I seriously wonder how this is your concern. The ignore button is there for you to use on me if you are not cool with me.
Data + Stat + Risk/Emotions Management
  • #634,794
  • Oct 30, 2021 4:45am Oct 30, 2021 4:45am
Quoting gatenio
{quote} i dont know about that count, 140 bars according Bill Williams? The FE of your 3th is insane, way over 2.618.
indeed, 3rd wave is crazy, it can even be more than 3.618 it's possible base calculate using Osc
Daddy, Brother, Lover, Little Boy
  • #634,795
  • Edited 6:07am Oct 30, 2021 4:53am | Edited 6:07am
The eternal dispute between guru traders. A couple of lessons for you on proper technical analysis.
  • #634,796
  • Oct 30, 2021 5:09am Oct 30, 2021 5:09am
Quoting Georginson
{quote} Your argument is absolutely baseless and pointless, check Bones post as he didn't even mention my name in that post, instead he used 'Pronoun'. Now my post is directed to Bones with no intent to provoke him but to get his reaction and view(s) and I seriously wonder how this is your concern. The ignore button is there for you to use on me if you are not cool with me.
the conversation
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the respond after almost 48hrs he doesnt have to mention ur name and if you are not the HE, you dont have to come back to make a statement after almost 48hrs...
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I dont hate, i dont have Hate in my DNA, i dont dislike post i dont ignore people.. you are a great person except you fail to admit ur wrong... we will be here together as long as we could and make better profit together..
MY OPINION NOT FINANCIAL ADVISE
  • #634,797
  • Edited 6:07am Oct 30, 2021 5:16am | Edited 6:07am
you can go on and on. don't argue over trifles.
  • #634,798
  • Oct 30, 2021 5:47am Oct 30, 2021 5:47am
Quoting Mr.Burger
{quote} indeed, 3rd wave is crazy, it can even be more than 3.618 it's possible base calculate using Osc
hardly..
i will wait to see monday where price is pushing for.
two options, idk what first.
1.362 or 1.372/3
  • #634,799
  • Oct 30, 2021 6:24am Oct 30, 2021 6:24am
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?
Well you can add up a raft of results for sure ,thats sort of what your doing with one event .The fact is the raft of actual data says inflation is not transitory .This is exactly what Ive debated for the past year with people that believe Powell in the first place .
If you print money the only thing backing that money is the other money in existence and they printed trillions now .
Even Powell starts to admit it's more persistent than he thought ,fact is he knew all along .
GDP does carry inflation as a very miner negative against its all its positives ,every country ,every economy type in the world wants GDP to be green and would never try to halt that .
This is why I'm confident you can't find any example of trying to balance that metric.

Let's think about what your saying as a conspiracy theory ,a group of unknowns pump price one way against an event result ,only to reverse the next day every time.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #634,800
  • Oct 30, 2021 6:39am Oct 30, 2021 6:39am
Quoting Bones
{quote} Well you can add up a raft of results for sure ,thats sort of what your doing with one event .The fact is the raft of actual data says inflation is not transitory .This is exactly what Ive debated for the past year with people that believe Powell in the first place . If you print money the only thing backing that money is the other money in existence and they printed trillions now . Even Powell starts to admit it's more persistent than he thought ,fact is he knew all along . GDP dose carry inflation as a very miner negative against its all...
No mate you don't get my question. Or you are avoiding to answer them on purpose.

What i mean is, you said actual higher than forecast GDP and Inflation is good right? Then why did Euro fell a lot on a day that it's GDP and inflation numbers came out higher than expected? Look at the calendar.

And US PCE numbers were the same as expected. So why did Euro fell against USD when it should have been appreciated? It didn't happen like the way you explained it to me. Do you have an explanation for that?

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