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Cable Update (GBPUSD)

  • #650,801
  • Feb 3, 2022 7:20am Feb 3, 2022 7:20am
Quoting Jolita
Press Conference pointed out very depressing outlook for the next 3 years 2024-2025. Poor people will be paying the price. Bank interest rate will increase to 1.5% by the middle of next year, 2023 and ''don't be surprised further increase''. Core inflation expected to rise to over 7% in April. Target is 2%, but will be monitored closely. Main cause labour income, energy prices and import trade deal price increase. There is no need GU to rise any higher.
I guess the whole world will be depressed for the next few years

We have to pay the price for all the mistakes governements and central banks have done so far
COT: The precious data ignored
  • #650,802
  • Feb 3, 2022 7:23am Feb 3, 2022 7:23am
Quoting Mitiblotch
{quote} Yesterday I called it blood on the charts. Lol... but I know you don't care; more blood on the charts more money for you. Hahaha
Really i don't care which way it goes, as long as im on the right side haha

I guess same for you

Now eyes on the EURO conf, i want to make money there
COT: The precious data ignored
  • #650,803
  • Feb 3, 2022 7:32am Feb 3, 2022 7:32am
still looks bullish today

needs to get under 1.35 to be bearish
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #650,804
  • Feb 3, 2022 7:38am Feb 3, 2022 7:38am
Quoting Wavegarrick
{quote} Hi Folks, We are in a flip zone where things could go either way. This upmove has been strong and without much pause, which calls for a correction?. From a 4hr perspective, I am getting rejection signs and have entered a short scalp trade with a 25 pip stop loss. It is important for price to get back down below my mid-round number at 1.35500 today. Thursdays are generally retracing, correction or reversal days for me, and not forgetting NFP this week. A retrace towards my monthly pivot at 1.35172 would be enough to draw my attention towards...
I am getting bullish confirmation from a 4hr perspective. Buy trades have been added with stops in place.
Have a great day,
Cheers.
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Trade to trade another day
  • #650,805
  • Feb 3, 2022 7:49am Feb 3, 2022 7:49am
eur central bank quoters just got shafted
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #650,806
  • Feb 3, 2022 7:52am Feb 3, 2022 7:52am
Crooky candle
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yes yes yes
  • #650,807
  • Feb 3, 2022 7:52am Feb 3, 2022 7:52am
hmmm.. finally hike rate

start building long opposite last hike rate, stop below 1.3520
  • #650,808
  • Feb 3, 2022 7:54am Feb 3, 2022 7:54am
Quoting kuroro001
{quote} I guess the whole world will be depressed for the next few years We have to pay the price for all the mistakes governements and central banks have done so far
For sure cost of living rising, mortgage rates will increase, taxes rise, National Insurance increased already.
Where is our work - life balance? Do you feel the same? How is like where you are?

Need to move to Bahamas, Switzerland, Monaco or Scandinavian countries life is great out there.
Just checked out top 10 for expats -
1. Switzerland: financial wellbeing and a safe environment (my top)
2. Germany: the leader for job security (lived for 1 year, not bad)
3. Australia: where you work to live
4. Canada: somewhere between Europe and the U.S.A
5. Sweden: unparalleled childcare, top for families (thats true, actuale free childcare while in the UK nursery cost over £1200/ month)
6. Singapore: Asia for beginners – high-cost, high wealth
7. New Zealand: active and outdoorsy
8. France: the good life, for families and retirees (love France)
9. Dubai: a glamorous train station
10. Bahrain: laidback lifestyle, best for wage growth
  • #650,809
  • Feb 3, 2022 7:54am Feb 3, 2022 7:54am
I think they just re affirmed the dovish stance
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #650,810
  • Feb 3, 2022 7:58am Feb 3, 2022 7:58am
in few days we may see 1.38

buy 1.3569 TP 1.38 SL 1.3500
  • #650,811
  • Feb 3, 2022 7:59am Feb 3, 2022 7:59am
downtrend
break !
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #650,812
  • Feb 3, 2022 8:00am Feb 3, 2022 8:00am
Quoting Jolita
{quote} For sure cost of living rising, mortgage rates will increase, taxes rise, National Insurance increased already. Where is our work - life balance? D.... Zealand: active and outdoorsy 8. France: the good life, for families and retirees (love France) 9. Dubai: a glamorous train station 10. Bahrain: laidback lifestyle, best for wage growth
I live here as an American and it's not as easy/great as you think.
1) Very expensive....you need to make at least 80kchf just to be "comfortable"
2) You buy your own health insurance
3) Owning a car is a luxury in many cases here so the native Swiss are comfortable with trains; forget taxis
4) Language can be an issue if you want to integrate although there are many foreigners coming and going all the time
5) Housing is not that cheap. In the past 10 years, house prices have exploded here. A ordinary apartment can send your back 2kchf/month + charges
Quality of life is GREAT especially if you want to be around nature. The Swiss are nice, conservative, reserved people.
Lost....
  • #650,813
  • Feb 3, 2022 8:03am Feb 3, 2022 8:03am
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  • #650,814
  • Feb 3, 2022 8:04am Feb 3, 2022 8:04am
game over ,
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #650,815
  • Feb 3, 2022 8:05am Feb 3, 2022 8:05am
Inserted Video
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not euphoria follower
  • #650,816
  • Feb 3, 2022 8:08am Feb 3, 2022 8:08am
I think we might have seen the end of Wave 1(B) in the weekly. The Ave Week Range has been met by over 30pips and we still have tomorrow.
If this is the case, Wave 2(B) could start tomorrow and price may go down around 1.3460 to start Wave 3(B) and possibly finish at 1.3833.
Time will tell by next week.
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Lost....
  • #650,817
  • Feb 3, 2022 8:08am Feb 3, 2022 8:08am
Quoting Lastaccount
hmmm.. finally hike rate start building long opposite last hike rate, stop below 1.3520
Didn't you say 13560 then 13200 ?
COT: The precious data ignored
  • #650,818
  • Feb 3, 2022 8:10am Feb 3, 2022 8:10am
Quoting Jolita
{quote} For sure cost of living rising, mortgage rates will increase, taxes rise, National Insurance increased already. Where is our work - life balance? Do you feel the same? How is like where you are? Need to move to Bahamas, Switzerland, Monaco or Scandinavian countries life is great out there. Just checked out top 10 for expats - 1. Switzerland: financial wellbeing and a safe environment (my top) 2. Germany: the leader for job security (lived for 1 year, not bad) 3. Australia: where you work to live 4. Canada: somewhere between Europe and the...
I'm french but out of my country and Europe where everything is so expansive and people suck
Better life in south america for me, cost of life is waaaayy better (if you have euros or dollars) and people wayyyy nicer

But we all love different stuffs
COT: The precious data ignored
  • #650,819
  • Feb 3, 2022 8:13am Feb 3, 2022 8:13am
Quoting kuroro001
{quote} Didn't you say 13560 then 13200 ?
i traded both side, buy and sell depending condition. Hike rate may push pound higher, i follow that scenario
  • #650,820
  • Feb 3, 2022 8:25am Feb 3, 2022 8:25am
in candles
evening star ,into 3 crows ,
next up is US data miss tomorrow which puts fed right into a corner after that much bluster
on top of the daily =you can't recover the weekly in all probability
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On-site guru & also FF member's' psychiatrist, when not drinking tea
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