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Cable Update (GBPUSD)

  • #655,221
  • Mar 31, 2022 11:15am Mar 31, 2022 11:15am
Quoting Bones
{quote} yea its taken care of in imports/exports section, the positive number in spending is actually neutral on imports for a GDP read. {image}
If an economy depends on imports, money will go out. If money goes out, inflation will rise, if inflation rises, houshold expenditures will also increase. So there is an indirect correlation.
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  • #655,222
  • Mar 31, 2022 11:45am Mar 31, 2022 11:45am
The 50 day is resistance
  • #655,223
  • Mar 31, 2022 11:48am Mar 31, 2022 11:48am
Quoting Nordling
{quote} Nope i don't mean high gdp, i mean high GDP Growth Rate. To be more specific, US economy grew since the 1930s right? But that comes with a cost. In 1930s people were able to buy a brand new Ford with few thousand dollars. Now if i am not mistaken a brand new family Ford car costs around 20.000$. People were able to dine out with few dollars back in those days, but now it costs around 20$ So yeah US economy grew since the 30s, but dollar is not strong as it was back in those days.
Agree, before one person was able to provide for a family...and look now....But in that case would be the same for every currency. Every currency lost power of purchase through history. Am i wrong?
Twitter: Rummer_grapes
  • #655,224
  • Mar 31, 2022 11:49am Mar 31, 2022 11:49am
Quoting Nordling
{quote} If an economy depends on imports, money will go out. If money goes out, inflation will rise, if inflation rises, houshold expenditures will also increase. So there is an indirect correlation.
ok, we agree imports are not in a GDP read at all ?
how do you explain the Uk, with no inflation and a massive deficit in the current account over the last 20Y
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #655,225
  • Mar 31, 2022 12:08pm Mar 31, 2022 12:08pm
It is holding the Tline nicely.
  • #655,226
  • Mar 31, 2022 12:12pm Mar 31, 2022 12:12pm
Quoting Bacco
{quote} Agree, before one person was able to provide for a family...and look now....But in that case would be the same for every currency. Every currency lost power of purchase through history. Am i wrong?
Yes you are right. Which is why i look at GDP Growth Rate & inflation to predict which currency will lose value faster.
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  • #655,227
  • Mar 31, 2022 12:29pm Mar 31, 2022 12:29pm
Quoting Nordling
{quote} Yes you are right. Which is why i look at GDP Growth Rate & inflation to predict which currency will lose value faster.
The fundamentals dont matter...its the PERCEPTION of the fundamentals that matter!!!!!
  • #655,228
  • Mar 31, 2022 12:51pm Mar 31, 2022 12:51pm
Quoting ninner
{quote} The fundamentals dont matter...its the PERCEPTION of the fundamentals that matter!!!!!
Okay
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  • #655,229
  • Mar 31, 2022 12:52pm Mar 31, 2022 12:52pm
Quoting Bones
{quote} ok, we agree imports are not in a GDP read at all ? how do you explain the Uk, with no inflation and a massive deficit in the current account over the last 20Y
Idk. That needs complex answers. I am just GU short
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  • #655,230
  • Mar 31, 2022 12:53pm Mar 31, 2022 12:53pm
I see a lot of talk about fundamentals. It is all good folks. My belief is that the market prices everything well in advance hence my strong belief in techs. If I follow fundamentals I would not trade or be too scared to trade and if I do trade it will be a decision based on emotions. I learned this the hard way in my earlier days. The only thing that really scares me or could catch me off guard is a catastrophic event.
Cheers
Trade to trade another day
  • #655,231
  • Mar 31, 2022 1:00pm Mar 31, 2022 1:00pm
Quoting Wavegarrick
I see a lot of talk about fundamentals. It is all good folks. My belief is that the market prices everything well in advance hence my strong belief in techs. If I follow fundamentals I would not trade or be too scared to trade and if I do trade it will be a decision based on emotions. I learned this the hard way in my earlier days. The only thing that really scares me or could catch me off guard is a catastrophic event. Cheers

I dont care about the fundamentals, I care about the PERCEPTION of the fundamentals.
  • #655,232
  • Mar 31, 2022 1:07pm Mar 31, 2022 1:07pm
Quoting ninner
{quote} I dont care about the fundamentals, I care about the PERCEPTION of the fundamentals.
Care to explain more about perception and it's application?
  • #655,233
  • Mar 31, 2022 1:31pm Mar 31, 2022 1:31pm
Quoting Nd10
{quote} Care to explain more about perception and it's application?

You are kidding right???
  • #655,234
  • Mar 31, 2022 1:32pm Mar 31, 2022 1:32pm
Hello guys, it's finally goodbye to the eventful March and I'm glad it played out almost exactly as expected with 1.3000 being maintained as March Low.

Below is my forecast for April 2022
1.2950 ^ 1.3400/1.3550

Remember, money management surpasses all forms of analysis. Wish everyone a successful April 2022 trading. Trade with utmost caution.

Cheers,
George.
Attached Image (click to enlarge)
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Data + Stat + Risk/Emotions Management
  • #655,235
  • Mar 31, 2022 1:37pm Mar 31, 2022 1:37pm
Quoting Georginson
Hello guys, it's finally goodbye to the eventful March and I'm glad it played out almost exactly as expected with 1.3000 being maintained as March Low. Below is my forecast for April 2022 1.2950 ^ 1.3400/1.3550 Remember, money management surpasses all forms of analysis. Wish everyone a successful April 2022 trading. Trade with utmost caution. Cheers, George. {image}

so what is your forcast target??
  • #655,236
  • Mar 31, 2022 1:38pm Mar 31, 2022 1:38pm
Quoting Wavegarrick
I see a lot of talk about fundamentals. It is all good folks. My belief is that the market prices everything well in advance hence my strong belief in techs. If I follow fundamentals I would not trade or be too scared to trade and if I do trade it will be a decision based on emotions. I learned this the hard way in my earlier days. The only thing that really scares me or could catch me off guard is a catastrophic event. Cheers
it could really go a lot of bullshit. many incompetents still believe what you say.
I remember when you were still joining my forum, you didn’t even know who you were.
  • #655,237
  • Mar 31, 2022 1:38pm Mar 31, 2022 1:38pm
On a side note, not liking the action of gbpusd atm ...its not acting like it should so becoming increasingly bearish but still holding the tline.
  • #655,238
  • Mar 31, 2022 1:45pm Mar 31, 2022 1:45pm
Quoting Georginson
Hello guys, it's finally goodbye to the eventful March and I'm glad it played out almost exactly as expected with 1.3000 being maintained as March Low. Below is my forecast for April 2022 1.2950 ^ 1.3400/1.3550 Remember, money management surpasses all forms of analysis. Wish everyone a successful April 2022 trading. Trade with utmost caution. Cheers, George. {image}
Hi George,
Your analysis is absolutely invaluable.
The 1st qtr of this year produced 1.30000. I can foresee 1.3500 in the 2nd quarter,
Cheers.
Trade to trade another day
  • #655,239
  • Mar 31, 2022 1:49pm Mar 31, 2022 1:49pm
Quoting Wavegarrick
{quote} Hi George, Your analysis is absolutely invaluable. The 1st qtr of this year produced 1.30000. I can foresee 1.3500 in the 2nd quarter, Cheers.
Thanks Leon, I absolutely agree we will see 1.35 this second quarter.

Quoting ninner
{quote} so what is your forcast target??
My immediate target is 1.34 and extended target if 1.2850 stays unbroken will be 1.3550.
Data + Stat + Risk/Emotions Management
  • #655,240
  • Mar 31, 2022 1:58pm Mar 31, 2022 1:58pm
Quoting tiborf71
{quote} it could really go a lot of bullshit. many incompetents still believe what you say. I remember when you were still joining my forum, you didn’t even know who you were.
Wow. you have not started a forum or a thread on forex factory and you say I joined your forum???? You are a delusional Man.
Trade to trade another day
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