Cable Update (GBPUSD)

Quoting MrFanciful

Disliked

Once the BRICS+ nations finalize their agreements on trade, including commodities, all the other nations will realize that they no longer need the dollar. When that happens the US government will have a $30+ trillion debt that they won't be able to repay. They won't be able to refinance that debt because as demand for dollars dries up, so will demand for US bonds. The dollar collapses.

Ignored

Quoting PatienceFx

Disliked

{quote} correct fed will go slow with rate hikes to avoid shocks to the economy higher rate = higher cost of borrowing for business = higher cost of end products = higher inflation

Ignored

Quoting PatienceFx

Disliked

{quote} for this reason i placed buy stops 1365 1360 1355

Ignored

Quoting Headland

Disliked

{quote} The dark blue area since it became a fractal swing lo on the 1hr t/f has held price twice now...if that isn't a strong area I don't know what is... this said, this current 1hr range (today's current hi - current lo) has to break sometime, upside or downside, and the more times a zone is hit the theoretically weaker it becomes as supply or demand is eaten up as orders are filled. 1hr below {image}

Ignored

Quoting Headland

Disliked

{quote} Actually, the risk they are trying to avoid by limiting rate hike to +0.75% is that they don't want to take too much demand out of the economy and cause a recession. This is the greater risk over what you describe as the scenario that higher rates will lead to higher cost of production which lead to higher prices, as if demand falls away businesses are more likely to contain/lower prices by accepting squeezed margins/overhead recovery pricing, to stay afloat, even though the costs have gone up started by the increased cost of borrowing for...

Ignored

Quoting Bryan5229

Disliked

{quote} I beg to differ that a supply or demand becomes weaker when it gets hit many times, what is important is what price does when it gets to that certain level because most of the time moves inside a range are just random moves.

Ignored

Quoting bilal1947

Disliked

{quote} Lets see if its fill the H4 fvg: {image}

Ignored

Quoting Elysion

Disliked

{quote} Will happen unlikely this year but near future.

Ignored

Quoting MrFanciful

Disliked

{quote} I'm just in awe at the markets belief that the dollar, not gold or silver, but the dollar. A currency that has been printed on such a scale that 40% of it was created in the last 2 years. That currency, central bank and government, is where people are placing their trust. I'm gobsmacked. I see them as crazy, but I guess that's why I'm not very profitable at the moment because I don't think I'm crazy. To me its like getting on a rollercoaster but the track is all corroded due to mismanagement. EDIT: That isn't to say that I think the GBP...

Ignored

Quoting Headland

Disliked

{quote} You are conflating 2 issues. I agree that most moves inside an identified higher t/f range are random but all such ranges have range tops and range bottoms and the more times these are hit, like all potential supp/res, the weaker they become, - if they didn't price would stay inside the range ad infinitum and never b/o of it. Yes there may be clues when price reaches one of these extremes of the range once again, re PA etc as to what is more likely - break or bounce - but would you really for eg be comfortable buying at a range lo when it...

Ignored

Quoting TheWolf

Disliked

Got some pips going long USD/CAD due to bad news from Canada, but that would be it for today trading wise. See you tommorow people, can't wait for Fed to do their thing already so we can trade in peace finally where price flows!

Ignored

Quoting Bryan5229

Disliked

{quote} Can you kindly show me what range bottom and range bottom looks like? A schematic drawing would be ideal, because I also look for certain type of structure inside a range to decide on the outcome of that range.

Ignored

Quoting Headland

Disliked

{quote} Typically the range hi and lo would be as shown, the highest hi (s) and lowest lo (s) that contain the rangy price action (see schematic below.) Very often but not always, don't we,? we see a range b/o and pullback inside the range or to it's extremes for a 2nd truer b/o? {image}

Ignored