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Cable Update (GBPUSD)

  • #634,801
  • Oct 30, 2021 6:39am Oct 30, 2021 6:39am
Quoting donfriday
{quote} the conversation {image} 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...{image} 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..
there is a missing response
also I would say that that number wasn't the first bearish number to be taken to go much lower in October than Sept low
I count 3 other lower numbers where that sentence is used in October off the top of my head ,to go lower as long as we stay under .
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #634,802
  • Oct 30, 2021 6:40am Oct 30, 2021 6:40am
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 does carry inflation as a very miner negative against its all...
predicted inflation is necessary for the development of any state. Dangerous hyperinflation, and deflation, which slows down development, and make the goods of manufacturers in these countries not competitive. All this is a regulated part of the economy, if I were you I would not bother. Too many letters.
  • #634,803
  • Oct 30, 2021 6:44am Oct 30, 2021 6:44am
Quoting forex-wolf
{quote} predicted inflation is necessary for the development of any state. Dangerous hyperinflation, and deflation, which slows down development, and make the goods of manufacturers in these countries not competitive. All this is a regulated part of the economy, if I were you I would not bother. Too many letters.
Economy and currency value are two different things. Having a good economy doesn't mean you have a valuable currency or vice versa. Let's seperate these two.
You have to have an IQ higher than 90 to interact with this user.
  • #634,804
  • Oct 30, 2021 6:45am Oct 30, 2021 6:45am
Quoting forex-wolf
{quote} predicted inflation is necessary for the development of any state. Dangerous hyperinflation, and deflation, which slows down development, and make the goods of manufacturers in these countries not competitive. All this is a regulated part of the economy, if I were you I would not bother. Too many letters.
And if that is good for a currency, why Euro fell a lot on Friday?
You have to have an IQ higher than 90 to interact with this user.
  • #634,805
  • Oct 30, 2021 6:48am Oct 30, 2021 6:48am
Quoting Nordling00
{quote} 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? {image}
ok ill have a look at the yellow rated announcement V the red one when added up is the highest rise in 30Y ,no one does it like the FED spending frenzy
we could debate it
but the fact is the chart tied with the news does not lie ,your off into the wilderness going against that,
Rather than working it out why it mattered so much.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #634,806
  • Oct 30, 2021 6:50am Oct 30, 2021 6:50am
Quoting Nordling00
{quote} And if that is good for a currency, why Euro fell a lot on Friday?
the calendar is telling you what the market cares about ,it's never wrong all but a handful of occasions in my time
the sooner you accept that the better.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #634,807
  • Oct 30, 2021 6:53am Oct 30, 2021 6:53am
Quoting forex-wolf
{quote} predicted inflation is necessary for the development of any state. Dangerous hyperinflation, and deflation, which slows down development, and make the goods of manufacturers in these countries not competitive. All this is a regulated part of the economy, if I were you I would not bother. Too many letters.
who do you think always gets inflation wrong ,
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #634,808
  • Oct 30, 2021 7:01am Oct 30, 2021 7:01am
Quoting Georginson
{quote} Bones, see you at 1.3150 by or before end of December.
so I already said this is a very dangerous method your using ,nothing changed my mind...
If I was you I would add the monthly charts to your work for any credibility and also help the system ,you know with that level of certainty it's going there ?
read the monthly ,someone like you needs the monthly in your favour
If it fell past that low off bat then that certainty could be warranted .
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #634,809
  • Oct 30, 2021 7:02am Oct 30, 2021 7:02am
Quoting Bones
{quote} ok ill have a look at the yellow rated announcement V the red one when added up is the highest rise in 30Y ,no one does it like the FED spending frenzy we could debate it but the fact is the chart tied with the news does not lie ,your off into the wilderness going against that, Rather than working it out why it mattered so much.
It is red, but it is already priced in bc it came out just as expected. It was not a surprise.

Well i am making good amount of pips in that "wilderness" dude. You know me long enough and you evidenced that with your own eyes. It was not once or twice either.
You have to have an IQ higher than 90 to interact with this user.
  • #634,810
  • Oct 30, 2021 7:02am Oct 30, 2021 7:02am
Quoting Nordling00
{quote} Economy and currency value are two different things. Having a good economy doesn't mean you have a valuable currency or vice versa. Let's seperate these two.
They are interconnected, the demand in the interbank market is determined by exporters and importers. This is the first time I've heard such a division. Explain what you mean by the economy and the price of the currency. And how can this affect supply and demand? How is this even possible?
  • #634,811
  • Oct 30, 2021 7:07am Oct 30, 2021 7:07am
Quoting Bones
{quote} who do you think always gets inflation wrong , {image}
I do not speak English, I speak to you through a google translator. What is written on your screen, I do not know.
  • #634,812
  • Oct 30, 2021 7:14am Oct 30, 2021 7:14am
Quoting forex-wolf
{quote} They are interconnected, the demand in the interbank market is determined by exporters and importers. This is the first time I've heard such a division. Explain what you mean by the economy and the price of the currency. And how can this affect supply and demand? How is this even possible?
Of course they are interconnected but a fast economy means lower currency value, and a slow economy means higher currency value. Economy and currency have an inverse relationship.
You have to have an IQ higher than 90 to interact with this user.
  • #634,813
  • Oct 30, 2021 7:17am Oct 30, 2021 7:17am
Quoting Nordling00
{quote} And if that is good for a currency, why Euro fell a lot on Friday?
There are two reasons, the end of the month, fixation on Friday. in general, the pair is in the corridor, I don’t see such sharp surges, we saw a steeper 2008 peak in the euro.
  • #634,814
  • Oct 30, 2021 7:25am Oct 30, 2021 7:25am
Quoting Bones
{quote} so I already said this is a very dangerous method your using ,nothing changed my mind... If I was you I would add the monthly charts to your work for any credibility and also help the system ,you know with that level of certainty it's going there ? read the monthly ,someone like you needs the monthly in your favour If it fell past that low off bat then that certainty could be warranted .
I have given plethora of reasons to back this claim in my previous posts and I have also spelt out what can invalidate this claim...
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Data + Stat + Risk/Emotions Management
  • #634,815
  • Edited 7:51am Oct 30, 2021 7:32am | Edited 7:51am
Quoting Georginson
{quote} I have given plethora of reasons to back this claim in my previous posts and I have also spelt out what can invalidate this claim... {image}
yes, then we have the chart
How I read it is there is no established trend ,it never left a range environment ,
this chart is very difficult to project over distance ,luckily for you it found that amazing pivot and under played there, like forever...

In candles thats piercing line off support ,but I would look to the open .If I was looking to Year end now Im thinking around open ,
at the start of the year I was thinking bearish like you

it bothers me if that is a double top why it messes around like that.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #634,816
  • Oct 30, 2021 7:38am Oct 30, 2021 7:38am
good morning happy weekend all
  • #634,817
  • Oct 30, 2021 7:43am Oct 30, 2021 7:43am
Quoting Bones
{quote} yes, then we have the chart How I read it is there is no established trend ,it never left a range environment , this chart is very difficult to project over distance ,luckily for you it found that amazing pivot and under played there, like forever... In candles thats piercing line off support ,but I would look to the open .If I was looking to Year end now Im thinking around open , at the start of the year I was thinking bearish like you it bothers me if that is a double top why it messes around like that. {image}
My view for swing shorts
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  • #634,818
  • Oct 30, 2021 7:46am Oct 30, 2021 7:46am
Quoting Georginson
{quote} I have given plethora of reasons to back this claim in my previous posts and I have also spelt out what can invalidate this claim... {image}
Quoting Bones
{quote} yes, then we have the chart How I read it is there is no established trend ,it never left a range environment , this chart is very difficult to project over distance ,luckily for you it found that amazing pivot and under played there, like forever... In candles thats piercing line off support ,but I would look to the open .If I was looking to Year end now Im thinking around open , at the start of the year I was thinking bearish like you it bothers me if that is a double top why it messes around like that. {image}
you guys, perhaps I have missed your long time previous post, where did first sell or buy ( in out ) I want to see base on risk reward ratio

--- Cheers
Daddy, Brother, Lover, Little Boy
  • #634,819
  • Oct 30, 2021 7:47am Oct 30, 2021 7:47am
My views on GBPUSD n EURUSD
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  • #634,820
  • Oct 30, 2021 7:52am Oct 30, 2021 7:52am
Quoting Bones
{quote} yes, then we have the chart How I read it is there is no established trend ,it never left a range environment , this chart is very difficult to project over distance ,luckily for you it found that amazing pivot and under played there, like forever... In candles thats piercing line off support ,but I would look to the open .If I was looking to Year end now Im thinking around open , at the start of the year I was thinking bearish like you it bothers me if that is a double top why it messes around like that. {image}
Banks need to square up their positions before moving in the other direction, hence double tops. Also liquidity is found above the highs and lows, once you understand this trading becomes easier. Still doesn't mean every trade you take will win but it will make you a better trader
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