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Cable Update (GBPUSD)

  • #748,421
  • May 31, 2023 1:32am May 31, 2023 1:32am
Quoting yumademe
Tp1 almost. All set to BE. {image}
All close. Now waiting for buy opportunity
Consistency.
  • #748,422
  • May 31, 2023 1:43am May 31, 2023 1:43am
Quoting dantpm
{quote} Primero hay que debatirlo. Podría suceder hoy podría no depender de cuántos políticos tengan que ponerse de pie y ser escuchados.
Moty what is your gauge? thank you
  • #748,423
  • May 31, 2023 1:49am May 31, 2023 1:49am
Quoting dantpm
{quote} Haven't you heard, the only certainties in life are death and taxes.
Yes and folks still think that their opinions are 100% correct, biggest reason most fail at forex but I could be wrong just my opinion...
  • #748,424
  • May 31, 2023 1:53am May 31, 2023 1:53am
I am so sick and tired of this dollar just going up and up. Given how we're told that governments are dumping US treasuries and are de-dollarizing. How Saudi is allowing oil trade in currencies other than the dollar.
  • #748,425
  • May 31, 2023 1:53am May 31, 2023 1:53am
Bought 1.2377... target 1.2435.. second buy limit at 1.2325, target 1.2377.
Data + Stat + Risk/Emotions Management
  • #748,426
  • May 31, 2023 2:02am May 31, 2023 2:02am
At least I can joke to my GF that she shouldn't have bought her physical gold and should have bought massively inflated fiat currency from a country $32 trillion in debt running a Ponzi scheme.
  • #748,427
  • May 31, 2023 2:03am May 31, 2023 2:03am
Quoting MrFanciful
I am so sick and tired of this dollar just going up and up. Given how we're told that governments are dumping US treasuries and are de-dollarizing. How Saudi is allowing oil trade in currencies other than the dollar.
so what have you learnt from this...
  • #748,428
  • May 31, 2023 2:06am May 31, 2023 2:06am
Quoting Waveskierrob
{quote} so what have you learnt from this...
The people stupidly think the dollar is valuable and the US pays it's debts contrary to all the evidence.
  • #748,429
  • May 31, 2023 2:06am May 31, 2023 2:06am
Looking for a buy, I doubt we're going down after yesterday BS.
Exhausted
  • #748,430
  • May 31, 2023 2:11am May 31, 2023 2:11am
G/M, Y/day a > 30day adr bullish dly candle...price at it's high just entering the 85.4% of the 2470-2308 move. 3 white soldiers on dly now? Today so far, Asian session down overall with early London selling off too, with over 61.8% of y/day's gai given back now.

1hr below
Attached Image (click to enlarge)
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Trader with an Edge.
  • #748,431
  • May 31, 2023 2:12am May 31, 2023 2:12am
let me take of some profit from the table will enter again tomorrow or Friday.
MY OPINION NOT FINANCIAL ADVISE
  • #748,432
  • May 31, 2023 2:13am May 31, 2023 2:13am
Pound tanking hard, is it data driven? A close above 124 gave me 12450 area today but that is gone lol
Insane in the Brain..
  • #748,433
  • May 31, 2023 2:14am May 31, 2023 2:14am
Quoting MrFanciful
{quote} The people stupidly think the dollar is valuable and the US pays it's debts contrary to all the evidence.
what evidence?
  • #748,434
  • May 31, 2023 2:16am May 31, 2023 2:16am
Month end rebalancing, buy good sell good
Stay low, Go fast - No luck, All skill
  • #748,435
  • May 31, 2023 2:17am May 31, 2023 2:17am
Quoting MrFanciful
{quote} The people stupidly think the dollar is valuable and the US pays it's debts contrary to all the evidence.

The US does pay their debts. They just print more money and give you some of it to pay the debt that they owe you. With more and more US currency in circulation you would expect the value to fall.
Pick a country. Most are the same. Its a shell game.
https://www.economist.com/content/global_debt_clock
  • #748,436
  • May 31, 2023 2:18am May 31, 2023 2:18am
Quoting Waveskierrob
{quote} what evidence?
When they have to increase debt limit so you can draw in more lenders in order to pay their previous lenders (which is what they say "We have to be able to borrow more or we will default"), that is the definition of a Ponzi scheme and they're are a con-man.
  • #748,437
  • May 31, 2023 2:21am May 31, 2023 2:21am
Quoting dantpm
{quote} The US does pay their debts. They just print more money and give you some of it to pay the debt that they owe you. With more and more US currency in circulation you would expect the value to fall. Pick a country. Most are the same. Its a shell game. https://www.economist.com/content/global_debt_clock
If they paid their debts, they wouldn't double their debt every 8 years. It will be interesting to see what happens in another 8 years when it's around $64 trillion. I'm sure the Treasury Secretary then will still be claim they that "need to raise the debt ceiling or we can't pay our debts".

It's interesting to note that the debt ceiling will be suspended until after the next Presidential Election next year. Giving a bunch of Socialist Dems a blank cheque. WCGW?
  • #748,438
  • May 31, 2023 2:23am May 31, 2023 2:23am
Quoting dantpm
{quote} The first reason is because the fallout radiation would be blown all over Russia by the prevailing winds. The second is that the plastic drones that aren't detected by radar or anti-missiles systems that Russia makes that cost about $1000 to make are effectively wiping out patriot missile launchers, air bases, command centers and more without doing a lot of other damage. Yeah I know off topic, sorry
If I may join the discussion.....Putin is not as dumb and GREEDY like the globalist elites in the EU, US, and Israel to cause a war this size. Russia is still recovering from from its population loss during the Bolshevik revolution and WWII.
What these elites want is to STEAL all the natural resources in the middle and eastern part of Russia (just like they did in the middle east and latin America). This is why they have always demonized Putin's nationalist stance since he became president by expanding NATO closer (in violation of the Minsk Agreement).
This time, these globalists are in deep shit, their cover has been blown and more and more people can see their agenda. They are desperate enough hoping for a nuclear war with Russia/China as a distraction.
Just my two cents.....
Lost....
  • #748,439
  • May 31, 2023 2:25am May 31, 2023 2:25am
Any view on GBPUSD?
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #748,440
  • May 31, 2023 2:27am May 31, 2023 2:27am
Quoting MrFanciful
{quote} When they have to increase debt limit so you can draw in more lenders in order to pay their previous lenders (which is what they say "We have to be able to borrow more or we will default"), that is the definition of a Ponzi scheme and they're are a con-man.
Whether they pay or not, thats not the thing we should mind. But from where they do get the money to make the repayment matters.
Same like when reading a companys balance sheet indcating profitability but where do it get it, from high sales or cost minimization = good/bad quality of profits
More time in the market, does not mean you trade better!
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