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Cable Update (GBPUSD)

  • #747,201
  • May 24, 2023 5:20am May 24, 2023 5:20am
Quoting OperaniyiFx
I’m long now
stopped out… waiting for second leg buy.
  • #747,202
  • May 24, 2023 5:23am May 24, 2023 5:23am
looks like 1.2343 - 1.2319 - 1.2308. This 30 pips zone will provide support for short term.
  • #747,203
  • May 24, 2023 5:24am May 24, 2023 5:24am
Buy order


1.2325
tp 1.2400


BUY BELOW 100% WEEKLY ATR SCALP
MY OPINION NOT FINANCIAL ADVISE
  • #747,204
  • May 24, 2023 5:25am May 24, 2023 5:25am
Buy EU 0750 now, GU 2375
will add more if come down till 0700, GU 2330
People don't plan to lose. They lose because they don't plan.
  • #747,205
  • May 24, 2023 5:30am May 24, 2023 5:30am
Stop hunt was made
Now it's time to
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yes yes yes
  • #747,206
  • May 24, 2023 5:30am May 24, 2023 5:30am
I should have taken my own advice...This DXY trendline is just going up and up and up
  • #747,207
  • May 24, 2023 5:35am May 24, 2023 5:35am
Fomc minutes tonight last hope of a ride up .. Bailey has opened the trap door despite data being better than expected
Insane in the Brain..
  • #747,208
  • May 24, 2023 5:37am May 24, 2023 5:37am
Quoting BeeTogether
Fomc minutes tonight last hope of a ride up .. Bailey has opened the trap door despite data being better than expected
do not hope, act
  • #747,209
  • May 24, 2023 5:37am May 24, 2023 5:37am
To BPR then down again?
We already have internal structure BOS LL
More time in the market, does not mean you trade better!
  • #747,210
  • May 24, 2023 5:45am May 24, 2023 5:45am
Quoting eyefeelsix
{quote} thursday broken is bearish continuation in my book {image}
falling in luv is more beautiful than falling in knife, GL to buyers
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https://breakpullback.com
  • #747,211
  • May 24, 2023 5:46am May 24, 2023 5:46am
overtrade until.my bloodsugar goes to moon
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  • #747,212
  • May 24, 2023 5:48am May 24, 2023 5:48am
GU:H1
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Intraday Trading is an Art _ hoda
  • #747,213
  • May 24, 2023 5:52am May 24, 2023 5:52am
Quoting eyefeelsix
{quote} falling in luv is more beautiful than falling in knife, GL to buyers {image}
People don't plan to lose. They lose because they don't plan.
  • #747,214
  • May 24, 2023 5:52am May 24, 2023 5:52am
Quoting silverjazz
still holding bear.. maybe not today it will dive more
the bear hasnt finished yet
  • #747,215
  • May 24, 2023 5:53am May 24, 2023 5:53am
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yes yes yes
  • #747,216
  • May 24, 2023 6:08am May 24, 2023 6:08am
my target for fomc today if
bear = 1.2320 - max 1.2280 ( at mid bollinger bands weekly)
  • #747,217
  • May 24, 2023 6:09am May 24, 2023 6:09am
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yes yes yes
  • #747,218
  • May 24, 2023 6:14am May 24, 2023 6:14am
Quoting OperaniyiFx
{quote} stopped out… waiting for second leg buy.
I’m long on a second leg now… all lose expected to be recovered plus profits if TP smash.
  • #747,219
  • May 24, 2023 6:17am May 24, 2023 6:17am
Quoting Georginson
Long 1.2390, target 1.2430... Second buy limit at 1.2355... target 1.2390
Exited at 1.2389.... -1 pip.. Will wait to buy lower.
Data + Stat + Risk/Emotions Management
  • #747,220
  • May 24, 2023 6:18am May 24, 2023 6:18am
I was listening to the latest Palisades Gold Radio podcast this morning and the guy on it was talking about his research into historical US government debt. He's found that on average, US gov debt doubles approximately every 8 years. A number of years ago he also predicted $40 trillion of debt very soon and everyone thought he was crazy, but here we are at $32 trillion.

He pointed out that the interest payments on $40 trillion debt at 5% (because the debt can't be repaid they have to roll it over to the current interest rates) would take up 50% of all federal tax revenue, just on the interest. It also means that at a rate to doubling every 8 years, by the end of the decade, US gov debt would be about $64 trillion.

The only option is to inflate it away and introduce the CBDCs. If you introduce a new currency, well all your old debt is in the old currency so you can create as much as you want and inflate the value to zero and pay it all off with valueless currency.
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