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Cable Update (GBPUSD)

  • #756,881
  • Jul 8, 2023 2:34am Jul 8, 2023 2:34am
Quoting Fx3423454
{quote} GBP is trash. Claimant Count Change could be good time to short until it finally collapses.
Pound is the biggest trash of a major currency, however, downturn is still not here and smart money will push the price up as long as they can before the crash to get great prices to start Shorting from.
  • #756,882
  • Jul 8, 2023 2:36am Jul 8, 2023 2:36am
Quoting TheWraith
{quote} Pound is the biggest trash of a major currency, however, downturn is still not here and smart money will push the price up as long as they can before the crash to get great prices to start Shorting from.
True... But when it finally collapses you will be in a large position that you can stay in for long-term making huge gains.
Trade at your own risk.
  • #756,883
  • Jul 8, 2023 2:38am Jul 8, 2023 2:38am
Quoting TheWraith
{quote} Pound is the biggest trash of a major currency, however, downturn is still not here and smart money will push the price up as long as they can before the crash to get great prices to start Shorting from.
The CHF crushed GBP even worse during 2008. Totally obliterated.
Trade at your own risk.
  • #756,884
  • Jul 8, 2023 2:43am Jul 8, 2023 2:43am
Quoting Ferna
{quote} Lmfao you crack me up bro!!
Haha, I forgot about that. Look, we can't physically fight on the internet so bad words compensate for that. However, as you can see after some time we don't give a shit anymore and we're good again haha. Just like when you fight with someone when you go out and after the fight you are best buddies and laugh about it later. It's because life can't really be serious at all. In the end, we all know we're full of shit and life continues to go on.
  • #756,885
  • Jul 8, 2023 2:44am Jul 8, 2023 2:44am
Quoting Fx3423454
{quote} The CHF crushed GBP even worse during 2008. Totally obliterated.
Look Yen hahah. 13 000 pips buddy!
  • #756,886
  • Jul 8, 2023 2:54am Jul 8, 2023 2:54am
Quoting Fx3423454
{quote} The CHF crushed GBP even worse during 2008. Totally obliterated.
This CHF is such a crazy currency. Whichever chart you look at, over time CHF just keeps appreciating against other currencies. It's insane. I look forward to CHF's demise in the future. Probably it will have to do with banking system which will cause CHF to drop.
  • #756,887
  • Jul 8, 2023 2:55am Jul 8, 2023 2:55am
wavegarrick has become a sensitive psycho
he thinks everyone is trying to troll him as if he is a George Soros 2
  • #756,888
  • Jul 8, 2023 3:02am Jul 8, 2023 3:02am
Quoting TheWraith
Random person: What's your favourite type of movie? Me: Drama Random person: Give me one good title to watch! Me: Weekend Drama On Cable Update Street. TW
I could sense TW's presence!
You got unique style, you can't hide it
Welcome back and happy days.
  • #756,889
  • Jul 8, 2023 3:02am Jul 8, 2023 3:02am
Quoting AlfieSolomon
wavegarrick has become a sensitive psycho he thinks everyone is trying to troll him as if he is a George Soros 2
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  • #756,890
  • Jul 8, 2023 3:08am Jul 8, 2023 3:08am
Quoting TheWraith
{quote} Haha, I forgot about that. Look, we can't physically fight on the internet so bad words compensate for that. However, as you can see after some time we don't give a shit anymore and we're good again haha. Just like when you fight with someone when you go out and after the fight you are best buddies and laugh about it later. It's because life can't really be serious at all. In the end, we all know we're full of shit and life continues to go on.
Think of it this way: Ninner can be brutally honest, he is not always right. But you might search more for errors in your own way if they are pointed out to you.

The opposite would be someone who likes to write in Italics. He wants everything sugarcoated with politeness and correct language, and you won't know if you were right or wrong. He'll just present some "facts" he read in a newspaper or investopedia.
These kind of people and their opinions tend to lead to inaction. They'll say things like "The moon is not round but a sphere", or "hey, the market can go both ways" <-- no shit Einstein!.
Imagine spending lots of time with a faulty method or belief. Me personally i rather have somebody call me an idiot before i make that an imprinted habit.
Like my old karate teacher used to say: "It only takes a few punches to learn it right in the beginning, but it takes 1000s and 1000s of punches to unlearn something and re-learn once it become an established habit."

Here is the other extreme:
Inserted Video
You have an IQ lower than 90 if you interact with this user.
  • #756,891
  • Edited 4:28am Jul 8, 2023 3:09am | Edited 4:28am
last weeks was tense and most not trading , at times some tests open and mostly hit sl ! fine . anyway market direction still not so clear yet , last week bull done a great job in an uncompromised attitude , not any convincing yet , more resistances ahead and usdx support next weeks onwards ! more uncertainties will adds up . lets see how can play then as little free to take action , , no time to start any swing though . scalping bothways next 1 -2 weeks possible ! take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #756,892
  • Jul 8, 2023 3:17am Jul 8, 2023 3:17am
Quoting Ferna
{quote} Think of it this way: Ninner can be brutally honest, he is not always right. But you might search more for errors in your own way if they are pointed out to you. The opposite would be someone who likes to write in Italics. He wants everything sugarcoated with politeness and correct language, and you won't know if you were right or wrong. He'll just present some "facts" he read in a newspaper or investopedia. These kind of people and their opinions tend to lead to inaction. They'll say things like "The moon is not round but a sphere", or...
We should be more open to criticism I agree. Noone is perfect. It usually depends in what type of mood we are when criticism hits us on how we will react to it. To your quote there: beware of the beliefs you are most certain in. Staying open constantly is a hard task, it's uncomfortable. It's uncomfortable for people to never settle with anything, hence why people will rather belong to a group of people that believe the Earth is flat, then thinking about all the possibilities. People like to belong somewhere, anywhere really. Once that happens as you said, it's hard for people to change their opinion no matter what facts you present to them.

For example, I totally believe price will reach 1.30 in a span of a week from now. Now, that belief will cost me heavily if price actually goes the opposite way and drops 200 pips. Because of my belief I won't take any part in that 200 pips drop because I'll be still looking at that 1.30.
  • #756,893
  • Jul 8, 2023 3:29am Jul 8, 2023 3:29am
Quoting Bella.al
{quote} Current Rate :1.27862 Came to Check the NFP Day , how is it going and where is it going , working hard on my Bella's Fair Value Analysis . I like to see the EOD Close Today for Monday , OK Back to my Lab Bella's Blue ( beta v1.7 C ) {image}
Bella's Trend-0.25 Analysis

Elliot Waves:
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Weekly GBPUSD Chart / Bella's Trend-0.25

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In this post i will discuss Trend-0.25 Analysis

Please note : This is weekly chart and i could also easily use monthly chart since Trend-0.25 is not depended upon Time Frame rather currency. It is started out as an idea when i was reading about elliotwaves that forecasts Trends in different times frames including wave degrees.

Trend-0.25 is different in a way that it looks into currency using Bella's Algorithms and Derive 1 constant trend in all time frames with 1 constant resistance or support area. The identical part of elliotwaves is it shows Trend.

Chart , Symbol : GBPUSD , Time Frame Weekly.

Readings are : Short from 20.10.2021 with Resistance of 1.38340 . In my view this resistance will hold. This means the GBPUSD is going to go down in future and will not be able to take out high of 1.38340 that is placed on 20.10.2021 . I want to be realistic in a manner i trade and try not to sell GBPUSD with over 1000 Pips S/L and go short now .

I am developing 2 Systems that should help me to trade the upcoming waves ( long or short ) and eventually in the direction of Trend-0.25

 

  1. Bella's Date Forecasting
  2. Bella's Fair Value Analysis


Long Term Forecast in Terms of Trend-0.25 : Resistance 1.38340 will hold and GBPUSD will eventually continue it's down trend in future.



-Bella

Goddess of Thunder..
  • #756,894
  • Jul 8, 2023 3:35am Jul 8, 2023 3:35am
Quoting PeterCaleb
{quote} The ONLY thing to do and write here is for you to assert 'what is your definition of trading'? If it has ANYTHING primarily to do with making money/making a profit etc etc, then I cannot help you. You're a gambler and gamblers never look at the big picture......eventhough the ONLY reason WHY they CAN trade "for profit" is BECAUSE OF the big picture. SO it is LITERALLY insane to try and trade long term with only that in mind. Me .... I trade Risk. And I MANAGE that Risk as THAT is what pays the bills and fills the accounts. See the difference...
Aight Peter i give you that one. Based on the evidence u presented.
Still funny as hell though
You have an IQ lower than 90 if you interact with this user.
  • #756,895
  • Jul 8, 2023 4:11am Jul 8, 2023 4:11am
Quoting Ferna
How about this forexast: USD: gap down GBP: gap up, bounce around on weak support CAD: up NZD: down and up EUR: down a bit then sideways Oil: down slightly and up(Opec meetings) CHF: good for scalps AUD: Up up up.. picks up the pace going into 4th of july.. Stocks: Up bias Bond yields: down Bonds: up JPY: down and up mid to late week. Disclaimer: I didn't use the scientific method. All forexast is based on personal opinion and non-mathematical models. I am not a registered CTA or other financial advisor. I'll go back to this post at end of week...
Revision of post from 3rd of July.

USD: Correct. Dollar went down, but only after a slow up correction until mid thursday.
GBP: Partially correct, it bounced around until thursday at noon(GMT+2) then went to the moon.
CAD: both wrong and right. It showed an initial strengthening going into 4th of July(U.S holiday) but then went 160 pips south until friday's London open. And then recovered 120 pips north on friday.
NZD: Wrong. It went up and down then up. Proably didn't finish its move.
CHF: Correct only good for scalps until friday's move.
Crude oil: Correct, massive up after initial down move.
AUD: Wrong. Choppy. Maybe breakout next week.
Stocks: Wrong, sideways then down. Maybe breakout next week.
Bond Yields/Bonds: wrong, wrong.
JPY: Partially correct, mostly sideways(no down) and heavily bullish late week.

If anyone could offer an explaination to these moves technically/fundamentally. Maybe i can make a better prediction in future
You have an IQ lower than 90 if you interact with this user.
  • #756,896
  • Jul 8, 2023 4:14am Jul 8, 2023 4:14am
Quoting Bella.al
{quote} Bella's Trend-0.25 Analysis Elliot Waves: {image} Weekly GBPUSD Chart / Bella's Trend-0.25 {image} In this post i will discuss Trend-0.25 Analysis Please note : This is weekly chart and i could also easily use monthly chart since Trend-0.25 is not depended upon Time Frame rather currency. It is started out as an idea when i was reading about elliotwaves that forecasts Trends in different times frames including wave degrees. Trend-0.25 is different in a way that it looks into currency using Bella's Algorithms and Derive 1 constant trend in...
Maybe when we see a red monthly candle.
Trade at your own risk.
  • #756,897
  • Edited 5:39am Jul 8, 2023 5:21am | Edited 5:39am
Quoting Bella.al
{quote} Bella's Trend-0.25 Analysis Elliot Waves: {image} Weekly GBPUSD Chart / Bella's Trend-0.25 {image} In this post i will discuss Trend-0.25 Analysis Please note : This is weekly chart and i could also easily use monthly chart since Trend-0.25 is not depended upon Time Frame rather currency. It is started out as an idea when i was reading about elliotwaves that forecasts Trends in different times frames including wave degrees. Trend-0.25 is different in a way that it looks into currency using Bella's Algorithms and Derive 1 constant trend in...
Weekly tf, a strong corrective wave up at it top, last leg up possible to complete wave a or c having subwave v running up for a little , ok may extend any 5th likely while a supposed limit of wave 4th of the bear movement still in place at 3159 as legitimate target though in one or 2 corrective waves up, as doing presently.
Wave 4 may not hold and then furtherup towards 3300 likly before wave b down. Lets see
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #756,898
  • Jul 8, 2023 5:34am Jul 8, 2023 5:34am
Quoting fontu
{quote} Daily tf, a strong corrective wave up at it top, last leg up possible to complete wave a or c having subwave v running up for a little , ok may extend any 5th likely while a supposed limit of wave 4th of the bear movement still in place at 3159 as legitimate target though in one or 2 corrective waves up, as doing presently. Wave 4 may not hold and then furtherup towards 3300 likly before wave b down. Lets see {image}
+could use trend channel, better vision,
  • #756,899
  • Jul 8, 2023 6:21am Jul 8, 2023 6:21am
Quoting Ferna
{quote} Which "cultures" do you speak for, and in what way you think they are different? please specify.
How about you identify a culture where insulting people is socially acceptable other than in adolescent groups?
  • #756,900
  • Jul 8, 2023 6:54am Jul 8, 2023 6:54am
Quoting Ferna
{quote} Revision of post from 3rd of July. USD: Correct. Dollar went down, but only after a slow up correction until mid thursday. GBP: Partially correct, it bounced around until thursday at noon(GMT+2) then went to the moon. CAD: both wrong and right. It showed an initial strengthening going into 4th of July(U.S holiday) but then went 160 pips south until friday's London open. And then recovered 120 pips north on friday. NZD: Wrong. It went up and down then up. Proably didn't finish its move. CHF: Correct only good for scalps until friday's move....
You need to find a coin that is more symmetrical and balanced than the one that you have been flipping.
To free Gazans of Hamas, use whatever it takes.
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