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Cable Update (GBPUSD)

  • #756,861
  • Jul 7, 2023 6:16pm Jul 7, 2023 6:16pm
hey guys, cool down.

The price will retrace on Monday.

Maintain the risk..that is important though.
Intraday only.
  • #756,862
  • Jul 7, 2023 7:53pm Jul 7, 2023 7:53pm
Quoting navk
hey guys, cool down. The price will retrace on Monday. Maintain the risk..that is important though.

That will be a buy in my view.....I am looking for alot more UPSIDE!!!!
  • #756,863
  • Jul 7, 2023 7:57pm Jul 7, 2023 7:57pm
Quoting ninner
{quote} That will be a buy in my view.....I am looking for alot more UPSIDE!!!!
expect a retrace around 2800 first
Intraday only.
  • #756,864
  • Jul 7, 2023 8:00pm Jul 7, 2023 8:00pm
Quoting navk
{quote} expect a retrace around 2800 first

Navk, not sure if english is your first language but please read my response ...thank you!!!!
  • #756,865
  • Edited 10:11pm Jul 7, 2023 9:55pm | Edited 10:11pm
Quoting ninner
{quote} Navk, not sure if english is your first language but please read my response ...thank you!!!!
so, where the price going , will it retrace ?

Your clear analysis or chart will help me as well others
Intraday only.
  • #756,866
  • Jul 7, 2023 10:41pm Jul 7, 2023 10:41pm
Is there anyone shorting GU?
am I the only one
  • #756,867
  • Jul 7, 2023 10:45pm Jul 7, 2023 10:45pm
Quoting BadBunny
{quote} Why collapse of USD? "Collapse" is too big of a word, you know USD is priced based on so many things and the big boys at wall street won't let things like this just slip, and the FED also is not looking just at CPI, there are other things that can influence the price like Oil going up won't take effect until only after some time, so they have really many indexes and indicators to watch for, lastly they were saying how labor market and consumers are driving up prices and the average earnings was up by 10 basis points based on the data today,...
Collapse. Maybe too strong of a word, however! if CPI Y/Y comes out at 3% and especially below that, market will dump USD immediately and start pricing in Fed cutting rates as soon as possible. Core inflation lags behind, as in the past.
  • #756,868
  • Jul 7, 2023 11:31pm Jul 7, 2023 11:31pm
just some charts of correlation between dollar heavy pair and a crosspair
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be a thinker before being a reacter
  • #756,869
  • Jul 7, 2023 11:35pm Jul 7, 2023 11:35pm
Quoting Headland
{quote} Hi. Yeh, the petro$ is already under threat, but until a viable alternative to the $ is found it will likely continue as world's reserve currency. I don't think anyone in the west will stomach the Yuan as the world's reserve currency which is the only real alternative in the present system of money.
Children and "child adults" don't get a vote. That's why in a top down-bottom up society, bulls, bears and children get slaughtered and the outlier human steps aside from the insanity. Check your history it's all there. I think people who believe in stories about real life are really just silly-putty primed for more of the same. Therefore when you actually check the real facts inline with reality, the USD has NEVER BEEN reserve currency to anything but its rival - the internal domesticated greenback VALUE. People just don't check history hah. Stop thinking "money" and think influence.

Watching people's perceptions is funny ..... and rather disturbing.

And to add, the 3 moves before the NFP were your way in. THAT is why it's advertised. Hint hint. I see people STILL falling for advertising and marketing. Congats, you're still just a consumer.

Peter
Real Trading is not gambling.
  • #756,870
  • Jul 8, 2023 12:23am Jul 8, 2023 12:23am
Quoting BadBunny
{quote} Why collapse of USD? "Collapse" is too big of a word, you know USD is priced based on so many things and the big boys at wall street won't let things like this just slip, and the FED also is not looking just at CPI, there are other things that can influence the price like Oil going up won't take effect until only after some time, so they have really many indexes and indicators to watch for, lastly they were saying how labor market and consumers are driving up prices and the average earnings was up by 10 basis points based on the data today,...
On that i agree, it wont collapse but weaken. The true job report (NFP) show sign of US economy slowdown.
While Avg Earnings still sticky.
Meaning FED should start to forget about its "soft landing".
More time in the market, does not mean you trade better!
  • #756,871
  • Jul 8, 2023 12:25am Jul 8, 2023 12:25am
Quoting TheWraith
{quote} Collapse. Maybe too strong of a word, however! if CPI Y/Y comes out at 3% and especially below that, market will dump USD immediately and start pricing in Fed cutting rates as soon as possible. Core inflation lags behind, as in the past.
Dont just look at CPI headline mate, there is a lot of more data relating to it, like core CPI, PCE, Avg Earning, PPI
More time in the market, does not mean you trade better!
  • #756,872
  • Jul 8, 2023 12:31am Jul 8, 2023 12:31am
Quoting navk
{quote} so, where the price going , will it retrace ? Your clear analysis or chart will help me as well others
navk, i dont care about what it does in the short term noise... the big money is in the longer term and I have made it clear many times where i believe it is going in the longer term. I dont need to post a chart for that.
  • #756,873
  • Jul 8, 2023 1:28am Jul 8, 2023 1:28am
Quoting PeterCaleb
{quote} Children and "child adults" don't get a vote. That's why in a top down-bottom up society, bulls, bears and children get slaughtered and the outlier human steps aside from the insanity. Check your history it's all there. I think people who believe in stories about real life are really just silly-putty primed for more of the same. Therefore when you actually check the real facts inline with reality, the USD has NEVER BEEN reserve currency to anything but its rival - the internal domesticated greenback VALUE. People just don't check history...
Wait.. wut!? I dont find any currency called VALUE. Is it on the crypto exchange?
Maybe u mean the VAL coin?

https://coinmarketcap.com/currencies/validity/
You have an IQ lower than 90 if you interact with this user.
  • #756,874
  • Edited 1:48am Jul 8, 2023 1:37am | Edited 1:48am
Quoting Zeiferz
Is there anyone shorting GU? am I the only one
well i’m preparing too short, if that’s any comfort.
You have an IQ lower than 90 if you interact with this user.
  • #756,875
  • Jul 8, 2023 1:49am Jul 8, 2023 1:49am
Quoting Ferna
{quote} well i’m preparing too short, if that’s any comfort.

I am holding my long!!! LOL. However, my view may change enlight of the market conditions at any time.
  • #756,876
  • Jul 8, 2023 2:15am Jul 8, 2023 2:15am
I'm warning about potential downturn happening very fast if CPI is to come out at 3% or less, especially less. This means Powell was so wrong about his projection of CPI coming at 2% in 2025. Powell will witness 2% in a few Months if this trend continues with CPI dropping 1% or slightly less every Month.

If someone studied pre-financial crisis price action on GBP/USD, you can see that when recession hit, GBP/USD actually went up 1200 pips up before it eventually collapsed.

Either way, GBP/USD will keep adding green Monthly candles.

Last real Resistance on my chart is 1.333

Losing faith little by little that Gold will drop to 1880$.
  • #756,877
  • Jul 8, 2023 2:30am Jul 8, 2023 2:30am
Quoting dempire1
GU seems bearish.
Well not anymore.
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You have an IQ lower than 90 if you interact with this user.
  • #756,878
  • Jul 8, 2023 2:32am Jul 8, 2023 2:32am
Quoting TheWraith
I'm warning about potential downturn happening very fast if CPI is to come out at 3% or less, especially less. This means Powell was so wrong about his projection of CPI coming at 2% in 2025. Powell will witness 2% in a few Months if this trend continues with CPI dropping 1% or slightly less every Month. If someone studied pre-financial crisis price action on GBP/USD, you can see that when recession hit, GBP/USD actually went up 1200 pips up before it eventually collapsed. Either way, GBP/USD will keep adding green Monthly candles. Last real Resistance...
GBP is trash. Claimant Count Change could be good time to short until it finally collapses.
Trade at your own risk.
  • #756,879
  • Jul 8, 2023 2:33am Jul 8, 2023 2:33am
Quoting Ferna
{quote} Well not anymore. {image}
Not even M1 chart is Bearish anymore, let alone higher TF's.
  • #756,880
  • Jul 8, 2023 2:33am Jul 8, 2023 2:33am
Quoting ninner
{quote} what an IDIOT!!!!!
Lmfao you crack me up bro!!
You have an IQ lower than 90 if you interact with this user.
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