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Cable Update (GBPUSD)

  • #759,501
  • Jul 19, 2023 2:49am Jul 19, 2023 2:49am
Quoting Whale
{quote} one sentence you are saying trust me its going to 1.29, and one sentence after it could get to 1.33 so we should be careful.. So up 200 or down 200?
YES MY dear and i was not wrong more then 150 pips Down from yesterdays post and that was enough for me i am out.
you made fun look what happened, this fundamentals Brother.
its does work in long term.
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Don't compare your Trades with Others
  • #759,502
  • Jul 19, 2023 2:55am Jul 19, 2023 2:55am
Quoting BeeTogether
{quote} that’s the dream!!
Realistic dream I have to say. If 1.2950 fails, 1.2850 will be the anchor for the week hopefully.
Face 'ur fears & tame 'ur greed
  • #759,503
  • Jul 19, 2023 2:57am Jul 19, 2023 2:57am
Cable testing support atm
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  • #759,504
  • Jul 19, 2023 2:59am Jul 19, 2023 2:59am
Why are we always in a hurry? Maybe wait for the close of H1 candle then decide?
The market hides a perfect geometry.
  • #759,505
  • Jul 19, 2023 3:00am Jul 19, 2023 3:00am
Quoting JereMi256
{quote} Realistic dream I have to say. If 1.2950 fails, 1.2850 will be the anchor for the week hopefully.
definitely however the strength of the drop has slowed down
Insane in the Brain..
  • #759,506
  • Jul 19, 2023 3:04am Jul 19, 2023 3:04am
Uj breaking above take advantage.
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My telegram: https://t.me/avidforex
  • #759,507
  • Jul 19, 2023 3:07am Jul 19, 2023 3:07am
Quoting Bella.al
{quote} Bella's Blue ( beta v1.7 G ) Chart Time {image}
I really thought my S/L will hit when it came down , still holding ( Bella's Ultimate Support for current trade 1.29327 )

I have started working on the next version already ( fixing some bugs and stuff ) v1.7 H . back to my Lab

Bella's Blue
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Goddess of Thunder..
  • #759,508
  • Jul 19, 2023 3:08am Jul 19, 2023 3:08am
Quoting DubaiFX
{quote} YES MY dear and i was not wrong more then 150 pips Down from yesterdays post and that was enough for me i am out. you made fun look what happened, this fundamentals Brother. its does work in long term. {image}
blaa blaa..

I wonder if it would fly up, you come and justify that post?
Of course you were .. you would just choose the second part of the sentence
  • #759,509
  • Jul 19, 2023 3:10am Jul 19, 2023 3:10am
Not gonna add sells to cable but shorted eur/usd targetting, 1.1170. If that goes down I expect more movement down on cable.
  • #759,510
  • Jul 19, 2023 3:12am Jul 19, 2023 3:12am
Quoting BeeTogether
{quote} definitely however the strength of the drop has slowed down
It appears the news didn't have a serious impact on the dollar index. It has been ranging since the week began, a breakout to either side is what we are waiting for.
Face 'ur fears & tame 'ur greed
  • #759,511
  • Jul 19, 2023 3:13am Jul 19, 2023 3:13am
....price ranging on 15min and below right now inbetween a prev 30min sw lo zone = prev supp = pot supp, to the current dly lo -and- a prev 30min sw hi zone = prev res = pot res, to the current p/back hi of the downmove.

1hr below
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Trader with an Edge.
  • #759,512
  • Jul 19, 2023 3:14am Jul 19, 2023 3:14am
Quoting DubaiFX
{quote} YES MY dear and i was not wrong more then 150 pips Down from yesterdays post and that was enough for me i am out. you made fun look what happened, this fundamentals Brother. its does work in long term. {image}
Are you talking "fundamentals" and "long term" in the same sentence about a position from yesterday and a 150 pip move?
  • #759,513
  • Jul 19, 2023 3:19am Jul 19, 2023 3:19am
Quoting dantpm
{quote} If this actually had anything to do with inflation your analysis would have more merit. I believe this is more about the next debt increase the US wants to expand its global military footprint that is already getting discussed. A lower US$ promotes more tax revenue in the US, low inflation 'suggests' that the US$ isn't getting devalued 'as much' as other currencies in an effort to make their debt more attractive.
how does a lower usd promote higher tax revenue..is it in terms of imports and exports?
  • #759,514
  • Edited 3:39am Jul 19, 2023 3:27am | Edited 3:39am
Quoting karankeni
{quote} how does a lower usd promote higher tax revenue..is it in terms of imports and exports?
A lower US$ helps the US sell more goods overseas which makes US companies more profitable. It encourages local manufacturing to replace (relatively) more expensive imported goods (reduces the dependency on Chinese imports, also a goal stated by the US). Companies with global discretionary income (microsoft, intel, amazon, and so on) will shift income from overseas operations to US operations because of differences in local tax rates. All of these generate more tax revenue in the US. With higher tax revenue there is less pressure on US borrowing.
  • #759,515
  • Jul 19, 2023 3:38am Jul 19, 2023 3:38am
...price now challenging the prev 30min sw lo zone down to 2930 current dly lo,- bottom of this coexistent with top of 4hr part of a prev 1hr/4hr sw lo zone that extends to 2903/04, with a 50% fib near bottom of that and Dly S3 and a 61.8% fib just underneath @/around 2902/2900 respectively.
Trader with an Edge.
  • #759,516
  • Jul 19, 2023 3:38am Jul 19, 2023 3:38am
Quoting Whale
{quote} blaa blaa.. I wonder if it would fly up, you come and justify that post? Of course you were .. you would just choose the second part of the sentence
At the time of buying/selling no boy have an idea where the heck price is heading, with certainty.
More time in the market, does not mean you trade better!
  • #759,517
  • Jul 19, 2023 3:38am Jul 19, 2023 3:38am
Pleaselet this be a falling knife that never ends
average dude treading water
  • #759,518
  • Edited 3:57am Jul 19, 2023 3:43am | Edited 3:57am
Quoting MIKKI
Pleaselet this be a falling knife that never ends
Mee already out of the from shorts.
Expecting her to take the 1hr demand zone (a 4hr failed to BO 1hr demand zone) for retracement and will buy with only 0.5% capital since it is bet against swing
More time in the market, does not mean you trade better!
  • #759,519
  • Jul 19, 2023 3:45am Jul 19, 2023 3:45am
Quoting noox
{quote} Are you talking "fundamentals" and "long term" in the same sentence about a position from yesterday and a 150 pip move?
no its not,
i am Still saying Pound is not Doing well,
Economy is Not as it seems,
CPI is still due,
but that todays move told is that 1.33 might not be Possible for now,
23 July Fed will decide the Dollar move,
but i will not be the One to Sell $$ its extremely over sold,
so retracement is very much Due, maybe 101, then FED will Move the Market,
but remember many times they repeated Higher for Longer, that means Rate cut this year is OUT of Question,
according to my Research, Institutions provides better analysis and Tradingeconomics is my Fav.
still $$ could sink to 99.00 before FED,
but all in all Today UK inflation showed that BOE will not be hawkish enough.
thats all.
so in Medium term Pound is not breaking higher highs or 1.33-135 doesn't seem likely,
but 1.28 or 1.26 seems more Reasonable if CPI disappointed then who knows,
and if fed Disappoints then Pound will get Temporary boost until BOE meeting.
Honestly it is Tricky situation until FED and BOE make up their mind
Powell and Company, Sometimes do surprise and remember PCE,
FED doesnot pay much attention to CPI in my experience PCE is more important to them then CPI or even NFP.
its time to wait and watch for FED to Decide what they will do next.
so i am out
Don't compare your Trades with Others
  • #759,520
  • Jul 19, 2023 3:46am Jul 19, 2023 3:46am
It must be really embarrassing to make a failed attempt at insulting me on an international forum regarding my comments on GBP CPI.

Then, being FORCED TO WATCH ME BE PROVEN CORRECT!
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