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Cable Update (GBPUSD)

  • #655,161
  • Mar 31, 2022 2:30am Mar 31, 2022 2:30am
Quoting Nala66
{quote} So why do you look at data when it is the charts telling the story?
So, that charts just decide where to go? What's the input to it?
  • #655,162
  • Mar 31, 2022 2:42am Mar 31, 2022 2:42am
Quoting IBabyTrader
{quote} So, that charts just decide where to go? What's the input to it?
You and millions of others are the input to it.

If you want to read the news correctly then if it is green then it is within market expectations and so is already factored in. If it is red then a correction may be required.

How hard is it just to plot this.
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  • #655,163
  • Mar 31, 2022 2:52am Mar 31, 2022 2:52am
Quoting Nala66
{quote} You and millions of others are the input to it. If you want to read the news correctly then if it is green then it is within market expectations and so is already factored in. If it is red then a correction may be required. How hard is it just to plot this. {image}
Thanks Nala, you are quite right.
I should change the way I see the market. I always looked at it other way, thinking news will feed into it, hence the expectations.
  • #655,164
  • Mar 31, 2022 2:56am Mar 31, 2022 2:56am
Quoting IBabyTrader
{quote} Thanks Nala, you are quite right. I should change the way I see the market. I always looked at it other way, thinking news will feed into it, hence the expectations.
No worries mate.

If you want to read into the charts a tad further then just look at this behavior... There are 4 of them
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  • #655,165
  • Mar 31, 2022 3:02am Mar 31, 2022 3:02am
Quoting Nordling
{quote} Nice short opportunities indeed. If UK GDP doesn't come out lower than the consensus tomorrow, this pair will go down next week. {image} {image}
With the UK GDP higher than expected by 30bps, GU just confirmed that long term direction will remain bearish. Shorts i opened yesterday will likely to pay off
You have to have an IQ higher than 90 to interact with this user.
  • #655,166
  • Mar 31, 2022 3:35am Mar 31, 2022 3:35am
Quoting Nordling
{quote} With the UK GDP higher than expected by 30bps, GU just confirmed that long term direction will remain bearish. Shorts i opened yesterday will likely to pay off

Thanks, was not following the news. Bearish too, but good trades on both sides.
Added a few selling positions from yesterdays high.
Monthly chart is bearish. Watching Ema's to cross.
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  • #655,167
  • Mar 31, 2022 4:05am Mar 31, 2022 4:05am
Quoting IBabyTrader
{quote} Thanks Nala, you are quite right. I should change the way I see the market. I always looked at it other way, thinking news will feed into it, hence the expectations.
Will, or has. You are right. Tech analysis reflects and is based upon fundamentals.
  • #655,168
  • Mar 31, 2022 4:09am Mar 31, 2022 4:09am
Quoting Nordling
{quote} With the UK GDP higher than expected by 30bps, GU just confirmed that long term direction will remain bearish. Shorts i opened yesterday will likely to pay off
You know wrong about gdp. Study before you quote.
  • #655,169
  • Mar 31, 2022 4:13am Mar 31, 2022 4:13am
Quoting mehedi529
{quote} You know wrong about gdp. Study before you quote.
Nope, this is how macroeconomics work. High GDP means high currency supply to the markets, which causes value loss in the long run.

I know because i am currently an Economics student in the university.
You have to have an IQ higher than 90 to interact with this user.
  • #655,170
  • Mar 31, 2022 4:16am Mar 31, 2022 4:16am
Quoting Nordling
{quote} Nope. High GDP means high currency supply to the markets, which causes value loss in the long run I know because i am currently an Economics student in the university.
And i did my masters in banking and mba major in finance. I alsoteach economics to o and a level kids.
  • #655,171
  • Mar 31, 2022 4:18am Mar 31, 2022 4:18am
Quoting mehedi529
{quote} And i did my masters in banking and mba major in finance. I alsoteach economics to o and a level kids.
I can teach you economics for some monthly remuneration, ha ha. Agreed?
  • #655,172
  • Mar 31, 2022 4:35am Mar 31, 2022 4:35am
Quoting mehedi529
{quote} And i did my masters in banking and mba major in finance. I alsoteach economics to o and a level kids.
Sure mate. Show me your diploma then.

I don't even know you but you sound so petty. You are probably another loser.

Try to be less offensive to the people you don't know, or they can put you back to where you came from.

If you think high GDP growth is good for a currency in the long run, Libyan and Turkish currencies would be the strongest currencies in the world
You have to have an IQ higher than 90 to interact with this user.
  • #655,173
  • Mar 31, 2022 4:39am Mar 31, 2022 4:39am
[quote=mehedi529;13952482]{quote} I can teach you economics for some monthly remuneration, ha ha. Agreed?[/quote

I wonder what trading has to do with phds, masters and degrees. If you ask me it is a none issue and pettiness. By the way, I am not discounting education in any way . They dont garuantee success at trading
  • #655,174
  • Mar 31, 2022 4:40am Mar 31, 2022 4:40am
Quoting Nordling
{quote} Sure mate. Show me your diploma then. I don't even know you but you sound so petty. You are probably another loser. Try to be less offensive to the people you don't know, or they can put you back to where you came from.
You are just about the age of my kid. So, i love you. Dont take offences, only take the positives. Love again.
  • #655,175
  • Mar 31, 2022 4:43am Mar 31, 2022 4:43am
[quote=Osaps;13952504]
Quoting mehedi529
{quote} I can teach you economics for some monthly remuneration, ha ha. Agreed?[/quote I wonder what trading has to do with phds, masters and degrees. If you ask me it is a none issue and pettiness. By the way, I am not discounting education in any way . They dont garuantee success at trading
You are right. A was just answering my kid. He is a economics student at some institute.
  • #655,176
  • Mar 31, 2022 4:43am Mar 31, 2022 4:43am
Quoting mehedi529
{quote} You are just about the age of my kid. So, i love you. Dont take offences, only take the positives. Love again.
If you talk in a positive manner, i won't get offended.

No matter what our ages are, kindness and respect matters.
You have to have an IQ higher than 90 to interact with this user.
  • #655,177
  • Mar 31, 2022 4:48am Mar 31, 2022 4:48am
Quoting Nordling
{quote} If you talk in a positive manner, i wouldn't get offended. No matter what our ages are, kindness and respect matters.
I back up, kid. Respect with love from me. Be prosperous.
  • #655,178
  • Mar 31, 2022 4:49am Mar 31, 2022 4:49am
Quoting mehedi529
{quote} I back up, kid. Respect with love from me. Be prosperous.
You too mate. Greenest pips
You have to have an IQ higher than 90 to interact with this user.
  • #655,179
  • Mar 31, 2022 4:50am Mar 31, 2022 4:50am
Keep above 1.31000 we can see 1.32200 tonight
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
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