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Cable Update (GBPUSD)

  • #638,921
  • Nov 14, 2021 9:59am Nov 14, 2021 9:59am
I am still favoring Bears. Waiting to see a clear price rejection for an entry.
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Fools Rushing
  • #638,922
  • Edited 11:03am Nov 14, 2021 10:00am | Edited 11:03am
Quoting Nordling00
{quote} I appreciate the explanation, but as a interest rate investor will i get anything from tapering without hiking the rates? The chart shows my borrowing rate is going up with tapering, but it doesn't tell me if i am going to earn more interest or not?
yea,
qe holds down rates , we talk elements of the cost of money but it can't be separated like you say

regarding paying interest to the consumer, the system is messed up as banks have very high reserves,
the banks are stuffed with money, so much so theres an existing facility that is now used to park money
banks can't just hold cash, $ are matched to assets in any normal world.(lent into existence against an asset)

the system has become very complicated ,I'm not saying I fully understand it beyond the concept I describe

Taper means higher cost of money for sure.

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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #638,923
  • Nov 14, 2021 10:05am Nov 14, 2021 10:05am
Quoting TrickorTrade
Can someone explain these scenarios: - What happens UK breaks article 16? - What happens when UK finally increases rates? - What happens when inflation persists for a currency but not tapering occurs/ when tapering occurs? - How does Evergrande making payments affect certain currencies?
Thanks everyone for explaining this.
So this is what I understand:

- Breaking article 16 is bad for GBP.
- Increasing interest rates is bullish for the currency.
- Tapering similar to increasing rates is less money printing and reduces buying assests. Basically taking foot of the gas a little. Is good for the currency and makes the currency bullish. (But not as bullish as increasing the rates)
- Evergrande making payments and not defaulting is good bullish for AUD, and other Asian currencies.
  • #638,924
  • Nov 14, 2021 10:05am Nov 14, 2021 10:05am
Quoting Jolita
{quote} This is my understanding - What happens UK breaks article 16? - bad for UK, bad for pound, sell. What happens when UK finally increases rates? - GBP will rise What happens when inflation persists for a currency but not tapering occurs/ when tapering occurs? - tappering will increase inflation, not good for a currency. Only if inflation rumours will give possibility to increase interest rate, can give bulish effect. How does Evergrande making payments affect certain currencies?
- can't answer this. All I know Evergrande in big trouble, share price is falling. They can not pay anyone. Can anyone answer this?[/quote]
Thanks for that explanation
  • #638,925
  • Nov 14, 2021 10:10am Nov 14, 2021 10:10am
SELL OK BUT..........Waiting for a Yellow Arrow on my chart.
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  • #638,926
  • Nov 14, 2021 10:15am Nov 14, 2021 10:15am
Quoting BigNumbers
In the journey of life; “shortcuts are the longest to take to achieve success, also applies in forex trading. Indicators are shortcuts lol, price changes so swiftly and don’t give a flying f*** about indicators! Im beginning to think, 95% of traders do indicators and 5% don’t.... The choice is yours to take, study to leave the crowd or stay with the crowd!
BN,
So how much do I pay for you to draw those holy grail lines on my chart? no explanation. no entry, Just saying cheers.
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Trade to trade another day
  • #638,927
  • Nov 14, 2021 10:21am Nov 14, 2021 10:21am
at least i would expect some 100pips push up from 13400




overall trend is bearish for a short term ...mid term bullish and long term bullish IMHO
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MY OPINION NOT FINANCIAL ADVISE
  • #638,928
  • Nov 14, 2021 10:23am Nov 14, 2021 10:23am
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  • #638,929
  • Nov 14, 2021 10:27am Nov 14, 2021 10:27am
Quoting Wavegarrick
{quote} BN, So how much do I pay for you to draw those holy grail lines on my chart? no explanation. no entry, Just saying cheers. {image}
If I may answer . Bear in mind I'm sitting in Costa on my phone without glasses on. But were the black support line is in the middle is a short trade I would take all day long . 2 conformations --- 1st = M pattern. (some easy pips with defined risk also drawing lines is a bit easier than trading price but I like the chart. There's 1000s of ways to trade its finding what suits you

2nd = Hanging man (again defined risk)

Just my 2cents
  • #638,930
  • Nov 14, 2021 10:28am Nov 14, 2021 10:28am
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  • #638,931
  • Nov 14, 2021 10:37am Nov 14, 2021 10:37am
Quoting Wavegarrick
{quote} Well said George, Indicators respond to price and not the other way around. I specifically use indicators to alert me to a possible change in direction. The rest is pure price action. I look for a rejection of support resistance, weekly pivots, candlestick patterns, and round numbers. My main criteria, are to view multiple charts and make an educated decision from studying each chart from a higher timeframe perspective and act accordingly. Have a great week, Cheers. {image}
Very well said Leon.
Data + Stat + Risk/Emotions Management
  • #638,932
  • Nov 14, 2021 10:39am Nov 14, 2021 10:39am
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  • #638,933
  • Nov 14, 2021 10:44am Nov 14, 2021 10:44am
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  • #638,934
  • Nov 14, 2021 10:49am Nov 14, 2021 10:49am
Quoting nAVIN2007
I wish i could keep up with u guys....head is hurting lol
Mine too, fundamentals ain't my strong point
  • #638,935
  • Nov 14, 2021 10:54am Nov 14, 2021 10:54am
Quoting nAVIN2007
I wish i could keep up with u guys....head is hurting lol
I welcome Bones v Nordelling, very entertaining and informative, keep it up
  • #638,936
  • Nov 14, 2021 11:05am Nov 14, 2021 11:05am
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  • #638,937
  • Nov 14, 2021 11:17am Nov 14, 2021 11:17am
Quoting Waveskierrob
{quote} I welcome Bones v Nordelling, very entertaining and informative, keep it up

for sure
  • #638,938
  • Nov 14, 2021 11:21am Nov 14, 2021 11:21am
Quoting Waveskierrob
{quote} I welcome Bones v Nordelling, very entertaining and informative, keep it up
I saw what you did there
You have to have an IQ higher than 90 to interact with this user.
  • #638,939
  • Nov 14, 2021 11:25am Nov 14, 2021 11:25am
Quoting Georginson
{quote} What most traders don't know is that, indicators respond to prices, while prices don't respond to indicators. The day traders finally know what prices respond to, then they have 50% of the breakthrough, while the day they start applying modest risk/money management, then they will have 90% breakthrough, the remaining 10% breakthrough to complete 100% will be found when they can control their emotions.
I think the whole idea behind indicators is to make a system whereby the trader can be more mechanical to trading, especially if emotions affect the trader ability to react..I guess there is a place for them..but like u say they are lagging

cheers to the new week ahead..
  • #638,940
  • Nov 14, 2021 11:25am Nov 14, 2021 11:25am
CANDLE:

B = Buy
S = Sell
LX = Lên & Xuống ( Vietnamese ) = Up & Down ( English )


>>>>>>> I'm waiting for 1 BAR on my chart.
( GU will touch 1.35414 ).

MY TP = 1.35363.
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Gbpusdfreakk