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Cable Update (GBPUSD)
- #634,842
- Oct 30, 2021 11:00am Oct 30, 2021 11:00am
- Joined Sep 2017 | Status: Trader | 4,360 Posts
Trade to trade another day
- #634,843
- Oct 30, 2021 11:03am Oct 30, 2021 11:03am
- Joined Aug 2018 | Status: Research Analyst | 4,290 Posts
{quote} you short right? from when? at level?
Hi Guys, We can throw whatever we want into the markets. Techs vs Fundamentals will always be contentious. I personally don't trade fundamentals as it has let me down in more ways than one, in the past. What goes up must come down and vice versa. I am always in awe at Pat Chiko's way of reading the market with his daily scalping sessions. He does not take fundis into consideration. Expand that to a 4hr, daily, weekly and monthly timeframe and look at it like Pat and you will start to see what George is seeing, of course in a different way. It is...
{quote} The way u analyse the market is simply amazing.. The word analytical should have your picture next to it...bravo man bravo
Data + Stat + Risk/Emotions Management
- #634,844
- Oct 30, 2021 11:11am Oct 30, 2021 11:11am
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
ups............
*** dont make it so serious
cheers
*** dont make it so serious
cheers
not euphoria follower
- #634,845
- Oct 30, 2021 11:19am Oct 30, 2021 11:19am
- Joined May 2020 | Status: Best trader ever to exist ever | 10,701 Posts
I don't use techs or fundies and posted various live trades for months now, you decided if successful or not?...so what does this tell us 
......over the years I've found that there are two types of traders, those who want to be right and those who want to make money.....which one are you?....Happy weekend 
......over the years I've found that there are two types of traders, those who want to be right and those who want to make money.....which one are you?....Happy weekend - #634,846
- Oct 30, 2021 11:26am Oct 30, 2021 11:26am
- Joined Aug 2018 | Status: Research Analyst | 4,290 Posts
Data + Stat + Risk/Emotions Management
- #634,847
- Oct 30, 2021 11:30am Oct 30, 2021 11:30am
- Joined Jul 2021 | Status: 2022 target achieved! | 1,036 Posts
Hi Guys, We can throw whatever we want into the markets. Techs vs Fundamentals will always be contentious. I personally don't trade fundamentals as it has let me down in more ways than one, in the past. What goes up must come down and vice versa. I am always in awe at Pat Chiko's way of reading the market with his daily scalping sessions. He does not take fundis into consideration. Expand that to a 4hr, daily, weekly and monthly timeframe and look at it like Pat and you will start to see what George is seeing, of course in a different way. It is...
Daddy, Brother, Lover, Little Boy
- #634,848
- Oct 30, 2021 11:41am Oct 30, 2021 11:41am
- Joined Dec 2020 | Status: Re█████ | 2,868 Posts
{quote} 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...
Btw, remembered about old projection made at the end of 2020, posted in February
https://www.forexfactory.com/thread/...5#post13430095
Now my question to you is, are we going to be roaming just 400 pips between November and December?
Air force
- #634,849
- Oct 30, 2021 11:50am Oct 30, 2021 11:50am
- Joined Aug 2018 | Status: Research Analyst | 4,290 Posts
Data + Stat + Risk/Emotions Management
- #634,850
- Oct 30, 2021 12:06pm Oct 30, 2021 12:06pm
- Joined Jan 2009 | Status: bye FF | 8,806 Posts
ups............ *** dont make it so serious
I have similar chart setup since august but it’s only a long term
i am looking to sell from top
MY OPINION NOT FINANCIAL ADVISE
- #634,851
- Oct 30, 2021 12:41pm Oct 30, 2021 12:41pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
{quote} 1.3667 / 1.3750 ... {quote} Well said Leon. {quote} Navin, please don't take my head off my shoulders, awesome man you are as well. Nice compliment from you as always, it means a lot. Thanks once again. I do hope we all end up being profitable as we all are putting in a lot of work and time into it.
Coming from u, putting me in this light is such a massive compliment
Thank you George for such encouragement! ..lets make some corn next week
- #634,852
- Oct 30, 2021 1:06pm Oct 30, 2021 1:06pm
- Joined Dec 2020 | Status: Re█████ | 2,868 Posts
Air force
- #634,855
- Oct 30, 2021 3:35pm Oct 30, 2021 3:35pm
- Joined May 2014 | Status: From1toMillion | 9,471 Posts | Online Now
Everyone can see the chart, but only a few can actually read it.
- #634,856
- Edited 5:11pm Oct 30, 2021 3:43pm | Edited 5:11pm
- Joined Apr 2021 | Status: Trader | 5,844 Posts
Week Ahead with Nordling 
Next week will be a crazy one with RBA, FOMC and BoE meetings. Let me share my expectations about these meetings.
Let's start with the Reserve Bank of Australia (RBA):
Australian core inflation rate is now at 2.1% and the inflation target of RBA is between 2-3%. So we can safely say that inflation is not a big concern in Australia. Unemployment rate currently stands at 4.6% which is even below the pre-pandemic level and considered as a natural unemployment rate. So with these numbers, i think RBA Monetary Decision will be a neutral and a quiet one.
FED (FOMC Meetings):
US core inflation stands at 4% which is double the FED's target. US unemployment came down to 4.8% which is considered as a natural unemployment rate. US GDP numbers came out lower than expected but it is still standing at 2% which is a good number overall. So that US Growth and Unemployment numbers are on target, it's time to deal with the inflation and start tapering. Hawkish FED is expected.
Bank of England (BoE):
UK Core inflation is 2.9% which quite high considering the target is 2%. It's definitely on the edge and concerning. UK unemployment is currently standing at 4.5% and it is natural. UK Growth rates came out very high standing at 5.5% right now, so we can easily say that with these numbers BoE can safely act on inflation. Hawkish BoE is expected. Probably an interest rate hike is coming this week. So i wouldn't recommend shorting the Pound against anything right now.
Next week will be a crazy one with RBA, FOMC and BoE meetings. Let me share my expectations about these meetings.
Let's start with the Reserve Bank of Australia (RBA):
Australian core inflation rate is now at 2.1% and the inflation target of RBA is between 2-3%. So we can safely say that inflation is not a big concern in Australia. Unemployment rate currently stands at 4.6% which is even below the pre-pandemic level and considered as a natural unemployment rate. So with these numbers, i think RBA Monetary Decision will be a neutral and a quiet one.
FED (FOMC Meetings):
US core inflation stands at 4% which is double the FED's target. US unemployment came down to 4.8% which is considered as a natural unemployment rate. US GDP numbers came out lower than expected but it is still standing at 2% which is a good number overall. So that US Growth and Unemployment numbers are on target, it's time to deal with the inflation and start tapering. Hawkish FED is expected.
Bank of England (BoE):
UK Core inflation is 2.9% which quite high considering the target is 2%. It's definitely on the edge and concerning. UK unemployment is currently standing at 4.5% and it is natural. UK Growth rates came out very high standing at 5.5% right now, so we can easily say that with these numbers BoE can safely act on inflation. Hawkish BoE is expected. Probably an interest rate hike is coming this week. So i wouldn't recommend shorting the Pound against anything right now.
You have to have an IQ higher than 90 to interact with this user.
- #634,858
- Oct 30, 2021 5:19pm Oct 30, 2021 5:19pm
- Joined May 2014 | Status: From1toMillion | 9,471 Posts | Online Now
Everyone can see the chart, but only a few can actually read it.
- #634,860
- Oct 30, 2021 8:00pm Oct 30, 2021 8:00pm
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
I don't use techs or fundies and posted various live trades for months now, you decided if successful or not?...so what does this tell us
Admirable skill ?
Trading is a learned skill much like any other skill-based profession.
And in all cases the learning takes thought, application, dedication, perseverance, practice, experience and adaptability.
I imagine there must be people out there with an innate gift for trading, like virtuoso for Niccolò Paganini.
And I believe you’re consistently profitable trader without being born gifted, as you have worked at it to improve your skills to the required standard.
But, here’s some thought for such talented trader as you,
When you're so good people call hacks
Niccolò Paganini, an Italian violinist and street performer, was one of the most famous virtuoso of all time and the whispers about Paganini were thick but it was not only his abilities that made him a topic of conversation, but the thought that his skills were gifted to him from Lucifer himself.
Same goes to Sir Issacc Newton.
People were afraid of him. He had a math problem he could not solve and invented calculus to solve it.
The Queen knighted him to get him on her side just in case.
Even the son of God (he claimed to be one in this thread) couldn’t match your skill.
He was your associate, but now disappear.
There have always been conspiracy theorists who defy logic.
Hope Lucifer stay out of this business.
I come from the future.
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