Cable Update (GBPUSD)

Quoting Wavegarrick

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{quote} Hi Alfie, As much as I would like to believe we are in a short cycle and my system is still giving me hints as such. Here's the thing. Yesterday's moves were against the grain for me but there is one thing I cannot deny and that is that we have a new weekly candle higher high. Do we go up from here? We will have to see. From experience, reversals, or corrections usually happen on Wednesday or Thursday so I will have to be patient on this one. It is all very confusing at the moment. Yesterday's trade closures wheres tactical to get out of...

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Quoting Bones

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its only the daily weekly and monthly thats bullish not to worry

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Quoting Nd10

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Come on guys. Let this hate stop. We are just 5th January, 2022 and all I see is hate from peeps who should be helpful one another. Sheathe your swords please: Pat Chiko, Robinson, Ihlas, and others.

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Quoting Mr.Burger

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{quote} sell limit {image}

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Quoting Bones

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nordling much talked about live account got disconnected dec 16 ,he doesn't know why ? maybe its holiday season .... but he was seen shorting cable at 13170 with huge confidence

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Quoting Jolita

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{quote} He is ok, had a reply. He has some other life plans and will be briefly joining in. He is sending his love to all.

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Quoting Nd10

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Come on guys. Let this hate stop. We are just 5th January, 2022 and all I see is hate from peeps who should be helpful one another. Sheathe your swords please: Pat Chiko, Robinson, Ihlas, and others.

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Quoting Pat Chiko

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{quote} Hi Mr Bones, Is possible of USD going down further on this latest FOMC Minutes of meeting ?. With Fed minutes flag chance of earlier hikes, Balance-Sheet rundown. Report offers more details on FOMC debate over inflation pivot. Some officials favor ‘significant’ runoff of balance sheet. {image} Thanks for helping me, newbie trying yo learn. \

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Quoting Jolita

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What a risky day today, especially if you were selling. Hope you survived and managed to make a few green pips on the pullback. Some pairs were extremely overbought. Shame I was too busy to trade much, still was monitoring GU GJ Gold AU EU Oil Tesla.

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Quoting kuroro001

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Regarding yen, there is a potential big risk off coming..... Wonder if usd will go skyhigh too

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Quoting Bones

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{quote} hey Pat regardless of the chatter id take it one step at a time , knock me down with a feather if something won't blow up before they can reduce the balance sheet in a high inflation environment , they are reducing purchases ,from 120 billion to 100 billion per month if you add up actual off the graph its the same as raising rates ,rates should go up as they taper more ,they have to stop qe before raising fed fund rates the uk is raising rates because it has inflation but no ongoing QE program the Uk also has a huge balance sheet ,I doubt...

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Quoting genadi

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{quote} do you still hold geppy sell?

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Quoting Pat Chiko

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{quote} Thanks Bones. still looking of possible scenario on that. Finally The FED Has Noticed INFLATION, per FOMC Minutes. This is the third month in a row the Fed has escalated their hawkish policy stance. In November they were on single taper. December brought double taper. Now per the FOMC minutes they're talking about balance sheet REDUCTION: Definitely a bubble if FOMC is talking bout it. Let’s see how market digests the Hawkish FOMC minutes tonight. Thanks again Bones your insightful view on this. Regards PAT

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Quoting Bones

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{quote} high probability monthly broke on cable ,just saying you can't trust the Fed January is bearish $

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