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Cable Update (GBPUSD)

  • #759,161
  • Jul 18, 2023 2:33am Jul 18, 2023 2:33am
Maybe 100-300 more ups before decent drop to give bear heart attack.
Don't mind me.. i'm crazy
  • #759,162
  • Jul 18, 2023 2:39am Jul 18, 2023 2:39am
G/M, (late.) A consecutive bearish day y/day re dly candle. The current 4hr+ uptrend p/back lo (ie mon's/the current wkly lo @ the 38.2% of 2983-3142 move,) has both 2hr and 4hr bullish hidden div there....4hr may both stay a valid pattern on any deeper drop so long as above 2753, but more probably above 2905.

2 x small sub 30day adr pip range days the last 2 x trading days. So far today - a false 1st upside break of the asian hi, but the Asian lo has not been bothered by price.
1hr rangy right now.

1hr below
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Trader with an Edge.
  • #759,163
  • Jul 18, 2023 2:43am Jul 18, 2023 2:43am
Quoting BrainBucks
Good ol'Cable simply refuses to stay down. I'm currently that picture-perfect specimen of a frustrated bear. Holding a short for the past 17hrs and what do I got to show for it? Not much more than absolutely nothing and a sleepless night. I never learn...

It is a boring day just 39 Pips range .. I went out for shopping and back still same, my neighbor went out for shopping twice still same , her neighbor went out for shopping three times and still same .

Bella
Goddess of Thunder..
  • #759,164
  • Jul 18, 2023 2:45am Jul 18, 2023 2:45am
Read it CAREFULLY...
somebody else sees something we wrote ago years ago—that the pandemic and its inflation effect is critical and far more important than money supply, wage push, QE/QT or wild Covid payments to everyone. Bloomberg’s “Odd Lots” points out that those of us old enough to remember the 1907’s inflation, including the Feds, are inclined to see that history repeating. But the better historical example is the Spanish Flu epidemic of 1918, the second-deadliest pandemic in human history. “It initially caused prices to spike but was then followed by a period of double-digit deflation.” We can thanks a guy at Macquarie Capital for the work.

Sticking to the 1970’s concepts and policies risk making a big, fat mistake. This zeroes in on the risk of under-tightening having come the main fear. For one thing we are at war now, whether we think the absence of American boots on the ground negates that idea, whereas in 1918, the first world war was ending. For another, we have women in the workplace, a whole lot less Jim Crow, and a lot of tech replacing humans, not to mention far more safety regulations, plus globalization that cuts prices. In 1918, about three people in America had heard of Vietnam or Malaysia, and now we get out socks and T-shirts from there.
So which to believe, the 1918 model that says inflation is sticky and going to stay stickier than the headlines suggest?
Don't compare your Trades with Others
  • #759,165
  • Jul 18, 2023 2:51am Jul 18, 2023 2:51am
Quoting Bella.al
{quote} It is a boring day just 39 Pips range .. I went out for shopping and back still same, my neighbor went out for shopping twice still same , her neighbor went out for shopping three times and still same . Bella
Hahaa I was just about to complement your comment for how fantastically it came across especially without the mention of Bella!
But you couldn't help yourself with the sign-off...
  • #759,166
  • Jul 18, 2023 2:54am Jul 18, 2023 2:54am
Reminder—don’t forget that core PCE inflation is still sticky. Last week it came in at 4.62%, lower than the month before, but it was 4.88% the year before. For perspective, see the one-year core PCE vs. the 5-year. Still think the Fed will relent? We are going to keep these charts up for the sake of context. Remember them the next time someone says “higher for longer” is a dead duck.

Now about UK,
we have a fair amount of uncertainty about those other central banks. The Bank of Japan is now expected to alter the zero-base policy in the fall, that expectation getting pushed out every meeting since Mr. Ueda came in. As for the UK, its messaging has been less than satisfactory. Reuters reports the BoE has been reluctant to tell the truth about the outlook for inflation, which has been worse than for others (for reasons having to do with energy costs, among other factors). And it has changed the story from time to time, confusing traders and raising the volatility of bonds to the highest among G7. For an analysis of how central bank transparency, or lack of it.
.
“For even the very wise cannot see all ends.” — J. R. R. Tolkien
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Don't compare your Trades with Others
  • #759,167
  • Jul 18, 2023 3:03am Jul 18, 2023 3:03am
Quoting JereMi256
"Bulls are losing the fight to be honest!" Asia session was good, I expected more bulls in LN session but whipsaws and failure to break the flip zone is an early sign for Bear dominance today! Unless the flip zone breaks, bulls are weak!
Flip zone broken(H1) let's see how strong the bulls are
Face 'ur fears & tame 'ur greed
  • #759,168
  • Jul 18, 2023 3:03am Jul 18, 2023 3:03am
sellers blood everywhere..
  • #759,169
  • Jul 18, 2023 3:05am Jul 18, 2023 3:05am
Quoting DubaiFX
Reminder—don’t forget that core PCE inflation is still sticky. Last week it came in at 4.62%, lower than the month before, but it was 4.88% the year before. For perspective, see the one-year core PCE vs. the 5-year. Still think the Fed will relent? We are going to keep these charts up for the sake of context. Remember them the next time someone says “higher for longer” is a dead duck. Now about UK, we have a fair amount of uncertainty about those other central banks. The Bank of Japan is now expected to alter the zero-base policy in the fall, that...

No need to type in bold, some of us might be a bit older but we still have our eyesight intact , in fact making your type bold is likened to shouting.
Does bold text mean yelling?

Using all capitals, bolding, underlining and multiple colours, particularly in combination, can be painful on your readers' eyes and can seem like you are yelling at them
Follow The Markets Structure - Patience and Discipline
  • #759,170
  • Jul 18, 2023 3:05am Jul 18, 2023 3:05am
Quoting voeltoez
sellers blood everywhere..
Im going to help bears, short GU 3108
People don't plan to lose. They lose because they don't plan.
  • #759,171
  • Jul 18, 2023 3:07am Jul 18, 2023 3:07am
Quoting pipfarm
Time to go long with the trend H4 correction H1 internal structure of the correction and 123 back into the trend on a break of {image}

Target for this is the mini FVG 3372 from weekly as that is where this whole move up started
Follow The Markets Structure - Patience and Discipline
  • #759,172
  • Jul 18, 2023 3:08am Jul 18, 2023 3:08am
Belief (not reading PA, managing risk, managing emotions, patience, common sense, work) will get you your profits. Just believe and backtest.
How to succeed in zero sum game?
  • #759,173
  • Jul 18, 2023 3:09am Jul 18, 2023 3:09am
Quoting ScalaFX
{quote} Im going to help bears, short GU 3108
im in too..but shorting gold 1963
  • #759,174
  • Jul 18, 2023 3:10am Jul 18, 2023 3:10am
Quoting DubaiFX
Read it CAREFULLY... somebody else sees something we wrote ago years ago—that the pandemic and its inflation effect is critical and far more important than money supply, wage push, QE/QT or wild Covid payments to everyone. Bloomberg’s “Odd Lots” points out that those of us old enough to remember the 1907’s inflation, including the Feds, are inclined to see that history repeating. But the better historical example is the Spanish Flu epidemic of 1918, the second-deadliest pandemic in human history. “It initially caused prices to spike but was then...
There is always someone who benefits. It’s the cycle of things.

But are there people old enough to remember the 1907 inflation? i mean that is suggestive of immortality or greatly extended longevity. One of my oldest relatives still alive and she saw nazis in the 1940s, her parents born a few month after Titanic sank.

Where do Bloomberg find these 1907 people? And how old were they then to remember?
You have an IQ lower than 90 if you interact with this user.
  • #759,175
  • Jul 18, 2023 3:14am Jul 18, 2023 3:14am
Quoting Ferna
{quote} There is always someone who benefits. It’s the cycle of things. But are there people old enough to remember the 1907 inflation? i mean that is suggestive of immortality or greatly extended longevity. One of my oldest relatives still alive and she saw nazis in the 1940s, her parents born a few month after Titanic sank. Where do Bloomberg find these 1907 people? And how old were they then to remember?
Generation change but the document stay the same.
Same as the educational system.
More time in the market, does not mean you trade better!
  • #759,176
  • Jul 18, 2023 3:21am Jul 18, 2023 3:21am
Crooky squeezy mf
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yes yes yes
  • #759,177
  • Jul 18, 2023 3:25am Jul 18, 2023 3:25am
Quoting Moty
Crooky squeezy mf {image}
sar is up, all macd is up, trendline is up..why u shorting againts ur indicator
  • #759,178
  • Jul 18, 2023 3:28am Jul 18, 2023 3:28am
Quoting voeltoez
{quote} im in too..but shorting gold 1963
What is the target and SL
  • #759,179
  • Jul 18, 2023 3:29am Jul 18, 2023 3:29am
Quoting Fardeen1209
{quote} Generation change but the document stay the same. Same as the educational system.
We are basically living in a virtual reality now. It’s like religion, if everyone believes collectuvely hard enough it becomes a self-fulfilling prophecy.
If document/economics/reality stays the same then a man could work 8 hours/day have a house, 6 children and a wife that doesn’t have to work. This was the numbers/reality in the past but surely this doesn’t apply for the masses today, maybe Elon Musk can pull something off like that but even he works for 2 in the number of hours.

You are better off reading book about John Law and how they scammed everyone by popularizing paper money in France a few hundred years back.
You have an IQ lower than 90 if you interact with this user.
  • #759,180
  • Jul 18, 2023 3:34am Jul 18, 2023 3:34am
Now I'm ready to enjoy the trap hedge fruit.
Target 1.31500 or more
It's really high risk in this key level.
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