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Cable Update (GBPUSD)

  • #689,861
  • Sep 29, 2022 11:45am Sep 29, 2022 11:45am
Quoting nAVIN2007
{quote} bloody hope not

When Georginson talks about bloodshed, we should really be afraid
  • #689,862
  • Sep 29, 2022 11:45am Sep 29, 2022 11:45am
Still trying to understand why GU keep going, when there is no demand for long term gilts (GB20). Who are buying GBP right now.
Cause i think the up move was mostly from usd selling may be risk on mood or something i missed!
More time in the market, does not mean you trade better!
  • #689,863
  • Sep 29, 2022 11:48am Sep 29, 2022 11:48am
I see a lot of people here talking about the BOE buying the pound and pushing it higher, but where do you guys all get this assumption from?

All the BOE announced is buying mostly long term guilts i can not read it anywhere that they planned to buy pound. Also the approved budget for intervention wouldn't give them enough firepower to push it up >300 pips in my opinion.
  • #689,864
  • Sep 29, 2022 11:48am Sep 29, 2022 11:48am
Quoting Waveskierrob
{quote} Using Martingale takes time and practice and can destroy accounts very easily.... just be very careful
Are you serious?
https://breakpullback.com
  • #689,865
  • Sep 29, 2022 11:50am Sep 29, 2022 11:50am
my orders...
Attached Image (click to enlarge)
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  • #689,866
  • Sep 29, 2022 11:50am Sep 29, 2022 11:50am
Gold short 1639
  • #689,867
  • Sep 29, 2022 11:52am Sep 29, 2022 11:52am
Quoting Fardeen1209
Still trying to understand why GU keep going, when there is no demand for long term gilts (GB20). Who are buying GBP right now. Cause i think the up move was mostly from usd selling may be risk on mood or something i missed!
UK Central bank buying unlimited bonds (to save the investment banks.
Noboy is buying it. UK Govt trying to save the bank that gives margin to Pension Fund.
Not the pension funds, as they sold it to the public aka Tax Payer Money by QE aka Print more money.

It's funny how there's never enough money...but yet somehow they magically conjured up £45 BILLION in two days to buy "failing" bonds.
All these intervention/bailouts sure as hell doesn't sound like a free market...
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #689,868
  • Sep 29, 2022 11:53am Sep 29, 2022 11:53am
very risky
Attached Image (click to enlarge)
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yes yes yes
  • #689,869
  • Sep 29, 2022 11:53am Sep 29, 2022 11:53am
Quoting nAVIN2007
{quote} u need to find the next extreme and sell there, and get out in the middle, otherwise quite dangerous
GOT it
was planning the same..
price need to correct to push upward . lets see what happens..
regards
  • #689,870
  • Sep 29, 2022 11:55am Sep 29, 2022 11:55am
Quoting Pat Chiko
{quote} You're very smart trader, that's why I always follow your signal. Hope to continue posting good signal in this thread. Thanks You Best Wishes PAT
Haha u dont need my signal la kawan.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #689,871
  • Sep 29, 2022 11:55am Sep 29, 2022 11:55am
Quoting Pat Chiko
{quote} UK Central bank buying unlimited bonds (to save the investment banks. Noboy is buying it. UK Govt trying to save the bank that gives margin to Pension Fund. Not the pension funds, as they sold it to the public aka Tax Payer Money by QE aka Print more money. It's funny how there's never enough money...but yet somehow they magically conjured up £45 BILLION in two days to buy "failing" bonds. All these intervention/bailouts sure as hell doesn't sound like a free market...
so your conclusion than has to be that we see some kind of chain reaction or how do you than explain also the general dollar selling in the other currency's?
  • #689,872
  • Sep 29, 2022 11:56am Sep 29, 2022 11:56am
Quoting eyefeelsix
{quote} Are you serious?
Very much so
  • #689,873
  • Sep 29, 2022 11:58am Sep 29, 2022 11:58am
right remember the rules watch your fibs
  • #689,874
  • Edited 12:11pm Sep 29, 2022 12:00pm | Edited 12:11pm
Quoting Pat Chiko
{quote} UK Central bank buying unlimited bonds (to save the investment banks. Noboy is buying it. UK Govt trying to save the bank that gives margin to Pension Fund. Not the pension funds, as they sold it to the public aka Tax Payer Money by QE aka Print more money. It's funny how there's never enough money...but yet somehow they magically conjured up £45 BILLION in two days to buy "failing" bonds. All these intervention/bailouts sure as hell doesn't sound like a free market...
So the actual demand for pound is literally from BOE. When they are done playing superhero from saving pension funds, the pound will go down.
Then this won't make the investment banks come close to their margin calls again*!
What BOE would do then? Another intervention
More time in the market, does not mean you trade better!
  • #689,875
  • Edited 12:21pm Sep 29, 2022 12:00pm | Edited 12:21pm
Quoting greed
I see a lot of people here talking about the BOE buying the pound and pushing it higher, but where do you guys all get this assumption from? All the BOE announced is buying mostly long term guilts i can not read it anywhere that they planned to buy pound. Also the approved budget for intervention wouldn't give them enough firepower to push it up >300 pips in my opinion.
In simpler terms - BoE issue Bond and buying it ( by printing more money)
This money is to save Investment Banks that Pension Funds are having margin call.

When Bond issued by BoE ( buy back with new print money), this will boost up the Bond yield and push GBP.
In return all these bons are going to be paid by the UK people from their Tax money in future.

I think that's the simplest laymen term I can put here.

In short, it is known as "Ponzi Scheme"
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #689,876
  • Sep 29, 2022 12:01pm Sep 29, 2022 12:01pm
Quoting Moty
very risky {image}
I think so. If she want to go up more. Need to retrace first
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #689,877
  • Sep 29, 2022 12:02pm Sep 29, 2022 12:02pm
Quoting greed
I see a lot of people here talking about the BOE buying the pound and pushing it higher, but where do you guys all get this assumption from? All the BOE announced is buying mostly long term guilts i can not read it anywhere that they planned to buy pound. Also the approved budget for intervention wouldn't give them enough firepower to push it up >300 pips in my opinion.
You cannot know everything. And in the world of finance not everything is laid bare for you to know. If it were that simple smart geniuses would have cracked the forex code. Forex still humbles geniuses till thy Kingdom come!
  • #689,878
  • Sep 29, 2022 12:04pm Sep 29, 2022 12:04pm
Quoting Pat Chiko
{quote} In simpler terms - BoE issue Bond and buying it ( by printing more money) This money is to save Investment Banks that Pension Funds are having margin call. When Bond issued by BoE ( buy back with new print money), this will boost up the Bond yield and push GBP. In return all these bons are going to be paid by the UK people from their Tax money in future. I think that's the simplest laymen term I can put here. I short, it is known as "Ponzi Scheme"
Scam 2022
More time in the market, does not mean you trade better!
  • #689,879
  • Sep 29, 2022 12:05pm Sep 29, 2022 12:05pm
Quoting donfriday
{quote} hahaha u choose the lower line but u forget his arrow
  • #689,880
  • Sep 29, 2022 12:06pm Sep 29, 2022 12:06pm
Quoting Fardeen1209
{quote} Scam 2022
Waititng game, hope it reach there for another round of push

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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