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Cable Update (GBPUSD)

  • #745,501
  • May 13, 2023 12:50pm May 13, 2023 12:50pm
Quoting Lbrto
{quote} So what's driving the dollar index then? That in essence is also what the original poster is asking. You can contribute to the discussion if you can explain what's driving the index, instead of being a smart@ss.
Great post...
  • #745,502
  • May 13, 2023 1:21pm May 13, 2023 1:21pm
Quoting Waveskierrob
{quote} Love it when a someone learns a new word then uses it in nearly every post they write......at least they are starting to spell it right...well done... {image}
BE CAREFUL! It has been discovered that there has been a paradigm shift in the paradigm shift!!
To free Gazans of Hamas, use whatever it takes.
  • #745,503
  • May 13, 2023 1:25pm May 13, 2023 1:25pm
Quoting Jolita
{quote} Indi - Donchian Channel -Upper, Middle and Lower, period set to 20. Works really well on all tf's. If top completed next most likely attempt is to take lows. Similar principal to Bollinger Bands, but way better. Info: https://en.wikipedia.org/wiki/Donchian_channel
Have you tried other periods than 20? I found 20 not so useful.

And no, Donchian Channel and Bollinger Bands do not operate on the same principle! I suggest that you study a bit more closely the calculations for each.
To free Gazans of Hamas, use whatever it takes.
  • #745,504
  • May 13, 2023 5:20pm May 13, 2023 5:20pm
My vote goes to Italy!
  • #745,505
  • May 13, 2023 5:24pm May 13, 2023 5:24pm
Quoting DrDave
{quote} Have you tried other periods than 20? I found 20 not so useful. And no, Donchian Channel and Bollinger Bands do not operate on the same principle! I suggest that you study a bit more closely the calculations for each.
20 works well for me. Happy how it is, my view is simple, didn't study at all, after I read what rather confused me.
  • #745,506
  • May 13, 2023 8:30pm May 13, 2023 8:30pm
Quoting Eren10
1.242~1.2440 seems resistance area. Will we get a turning point.
I am considering a further decline to 1.2360 levels. There may be a small upward correction.
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  • #745,507
  • Edited 10:35pm May 13, 2023 9:24pm | Edited 10:35pm
Quoting dantpm
I don't understand today's move. We appear to be heading back toward the pricing that pulled the US stock market down! I haven't seen any data to suggest a change in the relative strengths of any economies to support this surge by the USD.
I was just listening to a record of a Bloomberg radio program aired on Friday and the host said that people buy the dollar when there is a fear of a US recession, and also when there is a fear of a US debt default...

Also, the program's guest said the factors for a GBP and EUR appreciation like the better than expected econ. figures and warmer winter has already been priced in. So there is a need for a new impetus for people to buy the currency.

I guess this'll go for some time then. Probably at least when we get a better picture of the US debt issue.
"No trade is still a trade." - Peter Borish
  • #745,508
  • Edited 11:08pm May 13, 2023 10:52pm | Edited 11:08pm
Quoting Fardeen1209
Not so busy next week, but that when volatility take place.


Do you think the US will default?
Moody's Analytics estimated that x-date (the date for default) would be on or around August 18, 2023.
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I come from the future.
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  • #745,509
  • May 13, 2023 11:10pm May 13, 2023 11:10pm
Quoting Pat Chiko
{quote} Do you think the US will default? Moody's Analytics estimated that x-date (the date for default) would be on or around August 18, 2023.
Recent projection from Moody:

"Moody’s Analytics last week pegged the default date at June 8, significantly earlier than its prior projection of August 18. But the X-date could hit as soon as June 1 or as late as early August, according to that analysis."
Swing the AXE..HARD w/ Effort, Consistency and Patience
  • #745,510
  • May 13, 2023 11:14pm May 13, 2023 11:14pm
Quoting Pat Chiko
{quote} Do you think the US will default? Moody's Analytics estimated that x-date (the date for default) would be on or around August 18, 2023.{image}
There would be no such thing, they will simply increase the debt ceiling ig. Borrow new loan to reimburse old loans +interest
More time in the market, does not mean you trade better!
  • #745,511
  • May 13, 2023 11:43pm May 13, 2023 11:43pm
Quoting HTG
{quote} Recent projection from Moody: "Moody’s Analytics last week pegged the default date at June 8, significantly earlier than its prior projection of August 18. But the X-date could hit as soon as June 1 or as late as early August, according to that analysis."
The date just an estimate.

BTW that limit ALREADY breached in January ,but the Treasury Department used "extraordinary measures" to provide the government with more cash while it figured out what to do.

Date is just a number for how long current adminstration can streth the dollah.
Aug is when, everthying will stand down, similar to when the US briefly entered default in 1979.

As the prolonged stand-off, stock prices would fall by almost a fifth and the economy would contract more than 4%, leading to the loss of more than seven million jobs. By August, they have to break Fort Knox .

Solutions are unconstitutional or just stupid, ($1 Trillion coin).
Treasury could get $500 billion today. Call the Fed, revalue its gold certificate from $42 to $2,000/oz (market), and deposit gain in Treasury account. Eisehnower did it in 1953.

Until then , we look what going to happen in between now to Aug.
I come from the future.
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  • #745,512
  • May 14, 2023 12:01am May 14, 2023 12:01am
Quoting Pat Chiko
{quote} The date just an estimate. BTW that limit ALREADY breached in January ,but the Treasury Department used "extraordinary measures" to provide the government with more cash while it figured out what to do. Date is just a number for how long current adminstration can streth the dollah. Aug is when, everthying will stand down, similar to when the US briefly entered default in 1979. As the prolonged stand-off, stock prices would fall by almost a fifth and the economy would contract more than 4%, leading to the loss of more than seven million jobs....
speaking of that.....
The one trillion dollar coin.
Nicknamed after the rai stones of the Yap Islanders.
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The new USD one trillion platinum coin is called a Yappie after the rai stones of comparable value.


One off the potential solutions to solving the Debt Ceiling issue from the Dems....
Minting a 1 Trillion Dollar coin....
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #745,513
  • Edited 12:22am May 14, 2023 12:10am | Edited 12:22am
Pound for USD.....

Damn, I tried to do it with MYR, they don't accept it,. Maybe Indian Rupee is acceptable on Rashi's connection.... (or at least his wife side)

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #745,514
  • May 14, 2023 12:14am May 14, 2023 12:14am
Quoting Pat Chiko
Pound for USD..... Damn, I tried to do it with MYR, the don't accept it,. Maybe Indian Rupee is acceptable on Rashi's connection.... (or at least his wife side) {image}
Conversation goes like this..........

“How much mate..?” “50 quid Gouv.”
“Can I ask, would you take my USD’s for this one..?”
“Of course my friend.
$150 dollars is fine bud.”

***there you go, just like that, another live example.
I come from the future.
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  • #745,515
  • May 14, 2023 12:27am May 14, 2023 12:27am
Oh my Malaysia........................ This only happened in Malaysia. not other country in the world.


Malaysian company supplies electric school buses to the USA.
Meanwhile, back home we do not have electric school buses.

Sounds familiar, previous company make technology for overseas, because Malaysia companies cannot afford it anyway

Same as GRAB, Malaysia Co, once they moved to Singapore as HQ and get listed in NASDAQ.

This is what happen when little Napoleons blocking all development for their personal toll.
I come from the future.
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  • #745,516
  • May 14, 2023 12:37am May 14, 2023 12:37am
Everyday, someone from somewher,e promote GhatGPT... but I don't use it.
Coz there is something better out there in real time.

Meet Bard......
Yeah Bard,,, not Bart...
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And it just got an update that’s changing everything.
Here's what you need to know:
• FREE to use
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I come from the future.
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  • #745,517
  • May 14, 2023 12:57am May 14, 2023 12:57am
How to make million from Trading ?

Having a great growth mindset and that probably ties into this, but do we think that some people they want to make a million dollars, but psychologically perhaps doubt their own ability or it seems too far beyond the realm of possibility.

If that's the case how do we overcome that. ?
I come from the future.
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  • #745,518
  • May 14, 2023 1:22am May 14, 2023 1:22am
Quoting Georginson
{quote} buy 2 @ 1.2447 triggered but cancelled. It's weekend I can't have two positions opened... No sign of retracing as I type.
dxy range breakout might sugest 106.xx incomming.
Looking at seasonality dxy is in strong uptrend in may.
us indices are also confirming closing in red.
something to take into consideration…
  • #745,519
  • May 14, 2023 1:41am May 14, 2023 1:41am
Happy Mother's Day to all the mothers in the world!
I love you.
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I come from the future.
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  • #745,520
  • May 14, 2023 5:35am May 14, 2023 5:35am
Quoting Pat Chiko
{quote} Do you think the US will default? Moody's Analytics estimated that x-date (the date for default) would be on or around August 18, 2023.{image}
Pat, who will pay for that?
Who is paying now?
Is it people of US or is it other countries?
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