Cable Update (GBPUSD)

Quoting Fardeen1209

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{quote} I believe at the start of a recession is where we dont buy assets cause more fall is yet to come. In deep recession, we buy like crazy cause every day will be black Friday, all securities and assets will be valued at discounted price.

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Quoting Robinhood1

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{quote} Dr. You are considering a gap like the spike from above, yes quite good , but in order to have a true gap waves must not meet

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Quoting RemyLou

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{quote} nice curves

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Quoting Robinhood1

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{quote} Nzdjpy went short 84.79

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Quoting DrDave

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{quote} I need your definition of "wave" to be able to understand what you mean. Marking some on the chart would be a helpful visual aid.

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Quoting Indiara

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No pips for me today. Sudden drops like in GU today is what my method can struggle to take advantage of. That's ok though as it is not the main stay of my method. It is another day tomorrow and I will keep waiting until the right trade comes along for me to pounce on Sorry for any disruption that I may have caused earlier on, but I will always ask questions (about trading) if I don't understand something. That's how I (and most of us) learn. As long as any answers are civil and are also on topic then perhaps others can learn too. Being personal...

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Quoting Fardeen1209

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{quote} No one literally no one has the right to question someone on his/her personal life/issues unless that someone is mummy

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Quoting Robinhood1

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{quote} The post before this one shows you what i mean. If the low to the left was much higher, it should come back to close the spike down at some point. It is so low that the wave coming from below met each other. It could still go up and close the spike down but not necessaraley

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Quoting dantpm

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{quote} Assuming that you have cash or equity to invest. Looking back at last year, a lot of people did not have available funds. When guys like Jeff Bezos lose 80 billion dollars, the money dries up for some.

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Quoting Robinhood1

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{quote} The post before this one shows you what i mean. If the low to the left was much higher, it should come back to close the spike down at some point. It is so low that the wave coming from below met each other. It could still go up and close the spike down but not necessaraley

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Quoting Robinhood1

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{quote} Hard drops occur when the wave that retraces does no meet its sister wave on the same direction but eventually come back to close the gap. I do not know if i made myself understood.

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Quoting Moty

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1.23000 is not goona hold {image}

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Quoting Georginson

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{quote} Bought 1.2338... target 1.2438... stop at 1.2297...

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Quoting TwFXtrader

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why trade gbpusd when you can trade gold

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Quoting DrDave

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{quote} It is an open thread. Everyone chooses to post whatever he feels like posting. Some posters become offended, irritated, or incensed when there is a reply to his post that he did not desire. It WILL happen by the very nature of an open thread. If this causes too much emotional turmoil, then that poster can avoid the possibility of such emotional reaction by not posting. An attempt to restrict replies to a post are in reality an exercise in futility because of the very fact that it is an open thread. If restricted responses/responders is desired,...

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Quoting Fardeen1209

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{quote} Makes sense, but last year, the positive growth rate is reduced but not yet becoming negative. But in a deep recession, like the great recession 1920s, leverage will be more cheaper, govt will reduce rate to zero and will also adopt Quantitative Easing, and also with a higher probability of fiscal easing also (lower tax rate) to encourage more investment. That the accumulation point. I'll post the economic cycle to better explain what i'm trying to say when i get back to my desk.

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