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Cable Update (GBPUSD)

  • #753,041
  • Jun 20, 2023 5:08am Jun 20, 2023 5:08am
Quoting Bones
{quote} If there's a loss on the deal, they write off the lost principle and interest that would have been paid on that loss.
If you reduce the money supply by anything you are now incorrectly stating the money supply since the entire amount of the 'cash' is still in circulation.
  • #753,042
  • Jun 20, 2023 5:12am Jun 20, 2023 5:12am
Quoting JameRomeo168
{quote} Finally found someone trading the same methods as I do. Gut Feeling Trading. When I talk this with my friends, most of them say it does not work out. But most of profitable trades are come from Gut Feeling not complicated stuff on charts like other systematic traders.
ok buddy that's the spirit
average dude treading water
  • #753,043
  • Jun 20, 2023 5:16am Jun 20, 2023 5:16am
Quoting dantpm
{quote} If you reduce the money supply by anything you are now incorrectly stating the money supply since the entire amount of the 'cash' is still in circulation.
What are you talking about
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #753,044
  • Jun 20, 2023 5:16am Jun 20, 2023 5:16am
Quoting MIKKI
{quote} ok buddy that's the spirit
I had my times with gut trading as well.
Surprisingly it just works.
Exhausted
  • #753,045
  • Jun 20, 2023 5:18am Jun 20, 2023 5:18am
Quoting dantpm
{quote} If you reduce the money supply by anything you are now incorrectly stating the money supply since the entire amount of the 'cash' is still in circulation.
Cash is fungible,
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #753,046
  • Edited 9:59am Jun 20, 2023 5:27am | Edited 9:59am
Every asset has a liability, and money is someone's liability. Even in you're a bank account, it's their liability to you.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #753,047
  • Jun 20, 2023 5:30am Jun 20, 2023 5:30am
GBP/USD (1H) may soon begin a medium-term correction towards the 1.26500 support area
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  • #753,048
  • Jun 20, 2023 5:31am Jun 20, 2023 5:31am
Quoting Bella.al
{quote} Yesterday High : 1.28364 Yesterday Low : 1.27702 Open Position : Short GBPUSD : Type : Date Reversal ( 19.06.2023 ) Still holding into my short trade . I strongly believe cable will break yesterday's low 1.27702 and looking for 1.27300 which is Bella's Price Objective 1. Only above Bella's Resistance : 1.28221 will negate this scenario . Waiting to engage my trailing stop (Bella's 0.37 Trailing ) Bella's Blue ( beta ver 1.6 ) {image}

OK, I am little bit happy now. It is time to engage Bella's 0.37 Trailing . SL is now moved to 1.28000 Locked +2 Pips.

Bella's Blue (beta ver 1.6 )
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Goddess of Thunder..
  • #753,049
  • Jun 20, 2023 5:32am Jun 20, 2023 5:32am
Quoting Jackoboms
Tomorrow will be baerish. Gear up for 1.27500 Thats the point we getting to. The Bulls cant keep up to the pace anymore. We need to go down to be able to go up guys. SELL GBPUSD
Hey guys, we're approaching the point as anticipated. 1.27500.
  • #753,050
  • Jun 20, 2023 5:33am Jun 20, 2023 5:33am
Quoting dantpm
{quote} If you reduce the money supply by anything you are now incorrectly stating the money supply since the entire amount of the 'cash' is still in circulation.
The excess amount of money supply goes in central Bank Reserve.
By Selling Bonds during the Quantitative Tightening phases to the open market, population, companies in all sizes, buy the bond (convert their cash into bond holding- to get a % return, otherwise they would get nothing by holding cash)
The cash goes directly into Central bank reserve.
In a Quantitative Easing phase, the CBs buy back the bond with the money in its reserve.
Hence, whatever amount of money is on the CB balance sheet, it is not in circulation, Unless they took the decision of injecting it into the economy.
More time in the market, does not mean you trade better!
  • #753,051
  • Jun 20, 2023 5:38am Jun 20, 2023 5:38am
Quoting Elysion
{quote} It just broke lol, Now looking for area that I can partial tp. Maybe 1.274 or 1.273
Remember the old chinese saying Elysion.
You have an IQ lower than 90 if you interact with this user.
  • #753,052
  • Edited 6:06am Jun 20, 2023 5:42am | Edited 6:06am
Quoting Ferna
{quote} Remember the old chinese saying Elysion.
Lol, but partial tp is good. Taken some to cover the losses earlier.
Might use trail stops instead.
My target is actually 1.27.
But if it goes lower I'll be happy to take.
Exhausted
  • #753,053
  • Jun 20, 2023 5:52am Jun 20, 2023 5:52am
Seems like a fair bit of support at 12760. A break below if it happens could get us towards 127-12670. Again I think there will be a lot of support there
Insane in the Brain..
  • #753,054
  • Jun 20, 2023 5:55am Jun 20, 2023 5:55am
In the UK, the central bank only really brought Gov debt. The treasury sells the debt, and the central bank buys the debt.
In the US, they go around the houses because it's against the constitution to do that.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #753,055
  • Jun 20, 2023 5:57am Jun 20, 2023 5:57am
Short in at 1.2763
Don't trade what you think. Just what you see!!!
  • #753,056
  • Jun 20, 2023 6:06am Jun 20, 2023 6:06am
I don't think we'll see 1.27 anytime soon until NY session.
Exhausted
  • #753,057
  • Jun 20, 2023 6:15am Jun 20, 2023 6:15am
Quoting Elysion
I don't think we'll see 1.27 anytime soon until NY session.
Bottoms down.
You have an IQ lower than 90 if you interact with this user.
  • #753,058
  • Jun 20, 2023 6:16am Jun 20, 2023 6:16am
Gu short
Tp 1:27087
My telegram: https://t.me/avidforex
  • #753,059
  • Jun 20, 2023 6:19am Jun 20, 2023 6:19am
Out for now.
Will look for another entry later.
40 pips is good enough for now. (1:4) RR

There are still bullish presence around.
Exhausted
  • #753,060
  • Jun 20, 2023 6:27am Jun 20, 2023 6:27am
Quoting BigNumbers
Gu short Tp 1:27087
Attached Image (click to enlarge)
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My telegram: https://t.me/avidforex
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