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Cable Update (GBPUSD)

  • #748,481
  • May 31, 2023 5:02am May 31, 2023 5:02am
Quoting Yngwie
Buyer have a chance until 1.2400
i think it is now or not at all for today
  • #748,482
  • May 31, 2023 5:05am May 31, 2023 5:05am
...Re discussion earlier, I'm interested, if the U.s $, ponzi scheme or not, ceases to be the world's reserve currency against which everything is measured and even pegged in some cases, what is the alternative,? because it would almost certainly necessitate a new' system' of money akin to Nixon abandoning the gold standard and bretton woods in the early 70's which really gave rise to this current system of money - the fractional reserve/fiat system being adopted. And just in case anyone says 'let's return to the gold standard' - there is no where near enough physical gold mined to back the money in circulation.
Trader with an Edge.
  • #748,483
  • May 31, 2023 5:10am May 31, 2023 5:10am
Quoting Headland
...Re discussion earlier, I'm interested, if the U.s $, ponzi scheme or not, ceases to be the world's reserve currency against which everything is measured and even pegged in some cases, what is the alternative,? because it would almost certainly necessitate a new' system' of money akin to Nixon abandoning the gold standard and bretton woods in the early 70's which really gave rise to this current system of money - the fractional reserve/fiat system being adopted. And just in case anyone says 'let's return to the gold standard' - there is no where...
A reserve currency was to provide a common basis for valuing trade. With our digital age, and the ability to hedge transactions in any currency many businesses have moved to a point where they are happy to trade in other currencies. With the more recent concerns about the US plans for the future where they can seize digital US$ or cause them to disappear, long term confidence in the US$ is going to disappear. The BRIC is talking about using a basket of currencies as a reserve currency. Either none or a basket is probably in our future.
  • #748,484
  • May 31, 2023 5:10am May 31, 2023 5:10am
Above 2347/45, probably buy.. today in NY session
Intraday only.
  • #748,485
  • May 31, 2023 5:11am May 31, 2023 5:11am
Quoting Headland
...Re discussion earlier, I'm interested, if the U.s $, ponzi scheme or not, ceases to be the world's reserve currency against which everything is measured and even pegged in some cases, what is the alternative,? because it would almost certainly necessitate a new' system' of money akin to Nixon abandoning the gold standard and bretton woods in the early 70's which really gave rise to this current system of money - the fractional reserve/fiat system being adopted. And just in case anyone says 'let's return to the gold standard' - there is no where...
you will be the currency. They planned this for decades.
The central banks been buying gold like crazy in recent years so they are holding it off the market.
You have an IQ lower than 90 if you interact with this user.
  • #748,486
  • May 31, 2023 5:15am May 31, 2023 5:15am
...inverted hammer - the last 1hr close.

1hr below
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Trader with an Edge.
  • #748,487
  • May 31, 2023 6:00am May 31, 2023 6:00am
Quoting maxi444
{quote} https://www.youtube.com/watch?v=hPzMXYNBndY true or fake?
TRUE.
However, 1) both house and senate need to approve this (there's major opposition from the republican side, and 2) the Chinese will not buy a lot of US debt....means that the Fed will keep printing more paper and buy its own debt to be paid by the taxpayer.
There's no way out of this except......bankruptcy.
Lost....
  • #748,488
  • May 31, 2023 6:06am May 31, 2023 6:06am
Hovering up and down.
Need a break above 1.237
Otherwise 1.234 and below will be open.
Exhausted
  • #748,489
  • May 31, 2023 6:11am May 31, 2023 6:11am
Quoting gespiri
{quote} 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...
Israel didn't take a side in this war
  • #748,490
  • Edited 6:38am May 31, 2023 6:17am | Edited 6:38am
Tired of this up and down, really want to cut as BE

At last
Cut some minimalize losses
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Hit my nerve on it, cut all
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #748,491
  • May 31, 2023 6:30am May 31, 2023 6:30am
Quoting gespiri
{quote} TRUE. However, 1) both house and senate need to approve this (there's major opposition from the republican side, and 2) the Chinese will not buy a lot of US debt....means that the Fed will keep printing more paper and buy its own debt to be paid by the taxpayer. There's no way out of this except......bankruptcy.
Pretty sure the Chinese don't have a lot of US debt, they got rid of it!
  • #748,492
  • May 31, 2023 6:30am May 31, 2023 6:30am
Quoting gespiri
{quote} TRUE. However, 1) both house and senate need to approve this (there's major opposition from the republican side, and 2) the Chinese will not buy a lot of US debt....means that the Fed will keep printing more paper and buy its own debt to be paid by the taxpayer. There's no way out of this except......bankruptcy.
Inserted Video
  • #748,493
  • May 31, 2023 6:37am May 31, 2023 6:37am
Quoting GODofMC
Tired of this up and down, really want to cut as BE At last Cut some minimalize losses {image}
lol, I'm holding it.
I'm gonna follow Coreg's chart.
Exhausted
  • #748,494
  • May 31, 2023 6:38am May 31, 2023 6:38am
after testing 1.2383 it might visit 1.2251 i think
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  • #748,495
  • May 31, 2023 6:39am May 31, 2023 6:39am
The Market is moving beautifully these past two weeks. I'm not sure how some of you qualify a "Bad" market. Why does it matter if it's going bear or bull, as long as it's not ranging? The psychology is the same, anyway. Never trade one-sided.
  • #748,496
  • May 31, 2023 6:41am May 31, 2023 6:41am
Quoting Elysion
{quote} lol, I'm holding it. I'm gonna follow Coreg's chart.
dam i didnt pay attention to it
My setup TP was TP at 94 but i have no confident on it. Since my first position was minus after profit and never came back again and i dindnt see other chart in buy so my heart treembling
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #748,497
  • May 31, 2023 6:45am May 31, 2023 6:45am
Quoting GODofMC
{quote} dam i didnt pay attention to it My setup TP was TP at 94 but i have no confident on it. Since my first position was minus after profit and never came back again and i dindnt see other chart in buy so my heart treembling
Not 100% gonna work though.
Just some guts feeling and personal analysis.
Although I'm in negative as well.
Make some mistakes and gave back profits into narket.

Plus it looks like a setup for big move.
Could be up could be down.
I'm gonna follow my system and see what it does.
Exhausted
  • #748,498
  • May 31, 2023 7:00am May 31, 2023 7:00am
[quote=Elysion;14444060]{quote} Not 100% gonna work though. Just some guts feeling and personal analysis. Although I'm in negative as well. Make some mistakes and gave back profits into narket. Plus it looks like a setup for big move. Could be up could be down. I'm gonna follow my system and see what it does.[/quote]
Always trade your own plan...I don't provide trading signals.
  • #748,499
  • Edited 7:17am May 31, 2023 7:06am | Edited 7:17am
Quoting Coreg2004
{quote} Not 100% gonna work though. Just some guts feeling and personal analysis. Although I'm in negative as well. Make some mistakes and gave back profits into narket. Plus it looks like a setup for big move. Could be up could be down. I'm gonna follow my system and see what it does.
im playing it safe now
while USD down, GU only make small movement UP, it scare me
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Change of plan
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #748,500
  • May 31, 2023 7:20am May 31, 2023 7:20am
Because, it is too slow..i mean the PA...

I got head pain. Wish to go out of home for a fresh air.

This time is summer here, bit hot.. 21 Degrees.

Anyways, I am happy with NY outcome. ( Pre NYO )

As I always say :

A ( Profit ) = B + C

= 538 + 536

= 1074 USD

= 1074 X 80 % USD

= 860 USD

= 860 X 1.36 CAD

= 1168 CAD.

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Intraday only.
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