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Cable Update (GBPUSD)

  • #688,781
  • Sep 28, 2022 2:46am Sep 28, 2022 2:46am
It is proper Wednesday to me.

Not a Friday when I lost phase 2.

Fridays... will avoid trading henceforth.

Last 3 days going...going...done.

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Intraday only.
  • #688,782
  • Sep 28, 2022 2:47am Sep 28, 2022 2:47am
Quoting Pat Chiko
{quote} Let me share you the truth....... The truth is why the market (GU) is not moving. This has been doing the rounds in London financial circles … {image} He's busy with his phone.......
Just a normal night down the chippy!
Don't trade what you think. Just what you see!!!
  • #688,783
  • Sep 28, 2022 2:48am Sep 28, 2022 2:48am
Quoting dantpm
{quote} Actually the central banks are raising rates to stop inflation. (Monetary policy) Inflation that was caused by increasing the money supply as a stop gap measure to fight Covid19, which resulted in the inflation that we are seeing globally. The stated expectation from these rate increases is that wages will stop rising, prices will stop rising and so on. I am pretty sure my analysis was quite appropriate.
Actually the money supply has been increasing for at least the last 14 years since the GFC.

Interest rates alone will not stop inflation. Firstly they would have to raise the rates above the CPI. I don't know of a single government that could afford the interest payments in their debts with rates much higher than they currently are, let alone having them at 10%-15% that would be required, and we haven't even touched the principle.

They would also have jack up taxes to physically remove money from the economy, at the same time that peoples mortgages have gone through the roof leaving them with zero money. They would have to massively cut back on government spending including benefits at the very same time that unemployment will be going through roof and more and more people will be requiring those benefits which they paid their taxes towards in the first place.

Throw into the mix war with Russia requiring a massive increase in military spending as most European countries have spent decades cutting back on the Forces, as well as massive social unrest.

The Western world is a powder keg. I, for one, expect governments and central banks to break and allow inflation to win the fight.
  • #688,784
  • Sep 28, 2022 2:52am Sep 28, 2022 2:52am
Quoting MrFanciful
{quote} Actually the money supply has been increasing for at least the last 14 years since the GFC. Interest rates alone will not stop inflation. Firstly they would have to raise the rates above the CPI. I don't know of a single government that could afford the interest payments in their debts with rates much higher than they currently are, let alone having them at 10%-15% that would be required, and we haven't even touched the principle. They would also have jack up taxes to physically remove money from the economy. They would have to massively...
I expect the same outcome, probably labeling some level of inflation as intrinsic or expected inflation as a way to save face for their stupid behavior.
  • #688,785
  • Sep 28, 2022 2:54am Sep 28, 2022 2:54am
Went to bed early hours this morning keeping an eye on Asian markets. Wasnt happy to trade but on turning in entered a long order just above S1 @ i.10639. Now have a smile on face, but for how long? 0.4 lots
  • #688,786
  • Sep 28, 2022 2:58am Sep 28, 2022 2:58am
Quoting WizardTrade
Retest and down we go
$ 1 = £ 1 = € 1 ... soon ...
Everything breaks and the Great Reset arrives.
Coming sooon......
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #688,787
  • Sep 28, 2022 2:59am Sep 28, 2022 2:59am
Quoting redcat3003
running in Profit {image}
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RedcaT 3003
25k Return This Week: na
  • #688,788
  • Sep 28, 2022 3:00am Sep 28, 2022 3:00am
Quoting MrFanciful
{quote} Actually the money supply has been increasing for at least the last 14 years since the GFC. Interest rates alone will not stop inflation. Firstly they would have to raise the rates above the CPI. I don't know of a single government that could afford the interest payments in their debts with rates much higher than they currently are, let alone having them at 10%-15% that would be required, and we haven't even touched the principle. They would also have jack up taxes to physically remove money from the economy, at the same time that peoples...
I think the CBs do not need to increase rate to the same level as CPI. In economics, there was something called the multiplier effect, so increasing the rate by only 1/3rd to half of the inflation rate would be enough to tame the CPI.
More time in the market, does not mean you trade better!
  • #688,789
  • Sep 28, 2022 3:04am Sep 28, 2022 3:04am
Quoting Pat Chiko
{quote} $ 1 = £ 1 = € 1 ... soon ... Everything breaks and the Great Reset arrives. Coming sooon...... {image}
You forgot that countries simply print money instead of raising taxes to pay debts. Money becomes a worthless commodity and exchange rates are meaningless.
  • #688,790
  • Sep 28, 2022 3:05am Sep 28, 2022 3:05am
Trapping bulls I guess.
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  • #688,791
  • Sep 28, 2022 3:05am Sep 28, 2022 3:05am
Quoting Chris_35
Went to bed early hours this morning keeping an eye on Asian markets. Wasnt happy to trade but on turning in entered a long order just above S1 @ i.10639. Now have a smile on face, but for how long? 0.4 lots
Hopefully you keep smiling. I am waiting to short again. Anything from 0720 -40 I will go short for a dump towards 0500 and below.
  • #688,792
  • Sep 28, 2022 3:06am Sep 28, 2022 3:06am
Quoting Pat Chiko
{quote} $ 1 = £ 1 = € 1 ... soon ... Everything breaks and the Great Reset arrives. Coming sooon...... {image}
Ya still in DJIA? Some wild swings since LO.

Also, everyone calm down, Cunliffe gonna speak in 22 minutes...that's when you play...
  • #688,793
  • Sep 28, 2022 3:07am Sep 28, 2022 3:07am
Quoting Pat Chiko
{quote} $ 1 = £ 1 = € 1 ... soon ... Everything breaks and the Great Reset arrives. Coming sooon...... {image}
Not far
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  • #688,794
  • Sep 28, 2022 3:09am Sep 28, 2022 3:09am
Making a couple of pips in this chop up has been tough!
  • #688,795
  • Sep 28, 2022 3:09am Sep 28, 2022 3:09am
taking some profits..still have 3 orders eu gu
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  • #688,796
  • Sep 28, 2022 3:12am Sep 28, 2022 3:12am
This 4hr close will decide what the market wants.
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  • #688,797
  • Sep 28, 2022 3:13am Sep 28, 2022 3:13am
Quoting dantpm
Making a couple of pips in this chop up has been tough!
How many pips has the GU moved since the London open?
  • #688,798
  • Sep 28, 2022 3:15am Sep 28, 2022 3:15am
M1
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  • #688,799
  • Sep 28, 2022 3:15am Sep 28, 2022 3:15am
look at bollinger bands H1 both eu and gu...
seems reject from middle bb..will test low..or break high with 50p target up
  • #688,800
  • Sep 28, 2022 3:16am Sep 28, 2022 3:16am
Quoting Waveskierrob
{quote} How many pips has the GU moved since the London open?
69
WARNING: This post warps space and time in its vicinity.
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