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Cable Update (GBPUSD)

  • #726,881
  • Feb 7, 2023 10:18am Feb 7, 2023 10:18am
Quoting MrFanciful
{quote} So the US can just keep piling on the debt? The money to pay the interest has to come from somewhere. The higher the interest rate, the more money needed to pay the interest on an ever increasing debt. They can either pay it from tax revenues, of which there aren't anywhere near enough tax payers, or they can borrow more and use there new lenders to pay the old lenders, which is a ponzi scheme.
The US government is set to pay over $850B in interest on its debt this year. They're prepared to print I guess this will take the pair higher?
I'm enjoying the wins because I was once terrified by loses
  • #726,882
  • Feb 7, 2023 10:19am Feb 7, 2023 10:19am
Can we finally break this H4 R line?

Both 30M and Hourly are close to confirming Long.

Euro also starting to add some gains vs USD.

EUR/GBP, classic rejection.. H4 Chart (Stronger Pound, although it's the first sell!).

*USD/JPY the gap is closed!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD H4.png Size: 25 KB
Click to Enlarge Name: EURGBP H4.png Size: 20 KB
  • #726,883
  • Feb 7, 2023 10:27am Feb 7, 2023 10:27am
Quoting Whale
{quote} I talked to Jay, he told me something like "buy the rumor, sell the fact (later)" do you understand it, i dont.. explain me if you do
Surprise, surprise..........

Be surprised if he(Jay ) is overly hawkish ahead of Biden Speech tonight.
GBP/USD is dovish, ready to collapse ?....

BOE report said it all by rising interest rate to 4%
Inflation went up when interest rates were low, so now we raise them but inflation was falling anyway … that doesn’t even make sense
as everyone can see untested rates have no real bearing on inflation and never has.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #726,884
  • Feb 7, 2023 10:31am Feb 7, 2023 10:31am
Quoting MrFanciful
Aaaaannnnnnddddd I just surpassed £9000 of losses in 18 months.
MrFanciful, nobody starts trading markets (any market) with the aim of losing money. Whilst it's funny that you previously said that you are the best indicator for others here, I'm hoping that you will raise the bar much higher than that. You are at a cross-roads, the easy way out would be to follow someone else' signals, not knowing whether they are right or wrong. The hard option? Roll up your sleeves put in the screen time and empower yourself. I hope you choose the latter.

I won't give you any signals, but I'll gladly share my 15 years of trading experience. All the best with your trading journey.

Guy
  • #726,885
  • Feb 7, 2023 10:32am Feb 7, 2023 10:32am
Quoting catch22
{quote} This isn't a hedge. If you are long 1 unit and short 1 unit then you don't have a net position. You only pay extra spread to do this. Why do people think this is somehow a hedge??
i`m just a new retail trader so i might be blasphemous.
what i learn is from investopedia: https://www.investopedia.com/ask/ans...g-strategy.asp

”
Strategy One
A forex trader can create a “hedge” to fully protect an existing position from an undesirable move in the currency pair by holding both a short and a long position simultaneously on the same currency pair. This version of a hedging strategy is referred to as a “perfect hedge” because it eliminates all of the risk (and therefore all of the potential profit) associated with the trade while the hedge is active.”
You have an IQ lower than 90 if you interact with this user.
  • #726,886
  • Feb 7, 2023 10:32am Feb 7, 2023 10:32am
Shorts are tasty! Mr Fed Powell is speaking soon, will he deliver hawkish remarks towards the strong Friday jobs data !?
Master your mind. Master Trading.
  • #726,887
  • Feb 7, 2023 10:33am Feb 7, 2023 10:33am
BOE'S CUNLIFFE: DIGITAL WILL ALMOST CERTAINLY BE REQUIRED.
BOE'S CUNLIFFE: THE UK WOULD CAP DIGITAL POUND HOLDINGS AT £20,000 PER PERSON

If it is what I think it is, we are slowly but surely getting f**ked.
Huh, how little they need to sell everyone ha?

Of course, it's not just UK, it's global bullshit.
  • #726,888
  • Feb 7, 2023 10:34am Feb 7, 2023 10:34am
Quoting W0lfram
{quote} I believe it's called locking, not hedging
hey are you the guy who created wolfram alpha?
You have an IQ lower than 90 if you interact with this user.
  • #726,889
  • Feb 7, 2023 10:36am Feb 7, 2023 10:36am
Quoting KareemAliFx
Shorts are tasty! Mr Fed Powell is speaking soon, will he deliver hawkish remarks towards the strong Friday jobs data !?
Count me in Bro.
Long time no see you Bro. Hope everything is fine a home.
Glad to see your input.
It really help newbie like me to trade with more confidence.

Thanks

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #726,890
  • Feb 7, 2023 10:37am Feb 7, 2023 10:37am
Quoting Pat Chiko
{quote} Surprise, surprise.......... Be surprised if he(Jay ) is overly hawkish ahead of Biden Speech tonight. GBP/USD is dovish, ready to collapse ?.... BOE report said it all by rising interest rate to 4% Inflation went up when interest rates were low, so now we raise them but inflation was falling anyway … that doesn’t even make sense as everyone can see untested rates have no real bearing on inflation and never has.
can you speak to me with numbers of Gbp/Usd?
I really dumb trader. Especially in economy
  • #726,891
  • Feb 7, 2023 10:38am Feb 7, 2023 10:38am
30M Confirmed Long

If I get retracement to ~1.20000 I'll go Long, if not then nothing.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 30M.png Size: 23 KB
  • #726,892
  • Feb 7, 2023 10:38am Feb 7, 2023 10:38am
Quoting Pat Chiko
{quote} Surprise, surprise.......... Be surprised if he(Jay ) is overly hawkish ahead of Biden Speech tonight. GBP/USD is dovish, ready to collapse ?.... BOE report said it all by rising interest rate to 4% Inflation went up when interest rates were low, so now we raise them but inflation was falling anyway … that doesn’t even make sense as everyone can see untested rates have no real bearing on inflation and never has.
Common Jay, you can do it.......
Attached Image (click to enlarge)
Click to Enlarge Name: do something stupid.jpg Size: 57 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gu 132.jpg Size: 140 KB
Attached Image (click to enlarge)
Click to Enlarge Name: uj 078.jpg Size: 140 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #726,893
  • Feb 7, 2023 10:39am Feb 7, 2023 10:39am
Quoting SnailFX
BOE'S CUNLIFFE: DIGITAL WILL ALMOST CERTAINLY BE REQUIRED. BOE'S CUNLIFFE: THE UK WOULD CAP DIGITAL POUND HOLDINGS AT £20,000 PER PERSON If it is what I think it is, we are slowly but surely getting f**ked. Huh, how little they need to sell everyone ha? Of course, it's not just UK, it's global bullshit.
for sure though a digital pound is something different from ones account credit?
  • #726,894
  • Feb 7, 2023 10:40am Feb 7, 2023 10:40am
Quoting Whale
{quote} I talked to Jay, he told me something like "buy the rumor, sell the fact (later)" do you understand it, i dont.. explain me if you do
your post is so hillarious, i bet 99,9% of people dont laugh at it but i do
amazing lowly hanging fruit.
You have an IQ lower than 90 if you interact with this user.
  • #726,895
  • Feb 7, 2023 10:42am Feb 7, 2023 10:42am
Quoting Whale
{quote} can you speak to me with numbers of Gbp/Usd? I really dumb trader. Especially in economy
Goreg has put up a good number two and the half hours ago.
If you missed that, well..... not his fault.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #726,896
  • Feb 7, 2023 10:43am Feb 7, 2023 10:43am
Quoting SnailFX
30M Confirmed Long If I get retracement to ~1.20000 I'll go Long, if not then nothing. {image}
1.20 is current Resistance on M30 and H1 with next level up around 1.2018
  • #726,897
  • Feb 7, 2023 10:44am Feb 7, 2023 10:44am
Quoting Pat Chiko
{quote} Common Jay, you can do it.......{image}{image}{image}

thank. Im on it
  • #726,898
  • Feb 7, 2023 10:45am Feb 7, 2023 10:45am
Quoting Pat Chiko
{quote} Count me in Bro. Long time no see you Bro. Hope everything is fine a home. Glad to see your input. It really help newbie like me to trade with more confidence. Thanks PAT
pleasure to speak to you again mr pat , we are learning from each other, you my friend are an incredible trader and a valued member to this thread ! Cheers !
Master your mind. Master Trading.
  • #726,899
  • Feb 7, 2023 10:46am Feb 7, 2023 10:46am
Quoting 2046
{quote} 1.20 is current Resistance on M30 and H1 with next level up around 1.2018
I really want to see this H4 R taken out before this H4 candle is closed. Otherwise, I'm not Buying this Buy..
I will literally Buy if retracement comes however near 1.20000.
  • #726,900
  • Feb 7, 2023 10:49am Feb 7, 2023 10:49am
My sleep has cost me pips today.. I will never sleep anymore..
Sleeping is overated..
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