yes yes yes
Cable Update (GBPUSD)
- #760,562
- Jul 24, 2023 6:06am Jul 24, 2023 6:06am
- Temporarily Suspended | Joined Jul 2021 | 3,677 Posts
More time in the market, does not mean you trade better!
- #760,563
- Jul 24, 2023 6:09am Jul 24, 2023 6:09am
- Joined Jun 2023 | Status: Net Free | 1,970 Posts
GBP/USD
Short @ 1.28317
SL @ 1.28607
Hopefully it'll reach 1.26. Good luck to the rest of you!
Short @ 1.28317
SL @ 1.28607
Hopefully it'll reach 1.26. Good luck to the rest of you!
- #760,564
- Jul 24, 2023 6:15am Jul 24, 2023 6:15am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
Is GBP/USD and GBP/JPY are correlated pairs ?
My observations, they tend to move in the same direction, although not always.
The correlation coefficient between the two pairs is typically around 0.9, which is considered to be a strong correlation.
They are both driven by the same factors, such as interest rates, economic growth, and political stability.
Important to note that the correlation between GBP/USD and GBP/JPY is not perfect.
There are times when the two pairs will move in opposite directions.
For example, if there is a risk of a recession in the United Kingdom, this could cause GBP/USD to fall, while GBP/JPY could rise as investors seek the safety of the Japanese yen.
Currently, GBP/JPY may reverse up from the support as GBP/USD begins to accumulate. 
My observations, they tend to move in the same direction, although not always.
The correlation coefficient between the two pairs is typically around 0.9, which is considered to be a strong correlation.
They are both driven by the same factors, such as interest rates, economic growth, and political stability.
Important to note that the correlation between GBP/USD and GBP/JPY is not perfect.
There are times when the two pairs will move in opposite directions.
For example, if there is a risk of a recession in the United Kingdom, this could cause GBP/USD to fall, while GBP/JPY could rise as investors seek the safety of the Japanese yen.
Currently, GBP/JPY may reverse up from the support as GBP/USD begins to accumulate.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #760,565
- Jul 24, 2023 6:15am Jul 24, 2023 6:15am
- | Membership Revoked | Joined Jun 2021 | 1,876 Posts
Looks like the haters and losers have gone silent. How convenient.
but hey, continue with backtest and belief.
How to succeed in zero sum game?
- #760,568
- Jul 24, 2023 6:19am Jul 24, 2023 6:19am
- Joined Oct 2009 | Status: Trader | 5,639 Posts
Looks like the haters and losers have gone silent. How convenient.
Always trade your own plan...I don't provide trading signals.
- #760,569
- Jul 24, 2023 6:21am Jul 24, 2023 6:21am
- Joined Oct 2010 | Status: Trader | 21,479 Posts
Intraday only.
- #760,570
- Jul 24, 2023 6:24am Jul 24, 2023 6:24am
{quote} Good acting by Kevin Spacey and good movie too,{image}
my FF text signature come from scene when paul bettany fire sales mortgage bond
my loss is your gain
- #760,573
- Jul 24, 2023 6:31am Jul 24, 2023 6:31am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
Dollah Index
Broke from the triangle formation on July 12 and presently headed to re-test the lower band of the pattern with resistance at 12774.
Following a successful re-test I expect the continuation of decline towards 12600 target...
Dollah has resumed its long-term decline, down 13% since Sept. 2022
Inflation rollercoaster: Dollar's rise, CPI surprise.
Buckle up for reverse ride! 
Broke from the triangle formation on July 12 and presently headed to re-test the lower band of the pattern with resistance at 12774.
Following a successful re-test I expect the continuation of decline towards 12600 target...
Dollah has resumed its long-term decline, down 13% since Sept. 2022
Inflation rollercoaster: Dollar's rise, CPI surprise.
Buckle up for reverse ride!
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #760,574
- Jul 24, 2023 6:32am Jul 24, 2023 6:32am
{quote} The saying aint me said that. It is something that is passed down through generation on the wall street. Mine opinion or money aint moving a pip, what i said does not matter. But what Powell said mattered. What your view on the FOMC conference? It will indicate future trend.
tbh I don't have any idea about FOMC yet, I concentrate on the technical analysis side of things, but I expect GBPUSD to reach 1.31 again and make its way toward 1.24.
- #760,575
- Jul 24, 2023 6:36am Jul 24, 2023 6:36am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
Dollah Index Broke from the triangle formation on July 12 and presently headed to re-test the lower band of the pattern with resistance at 12774. Following a successful re-test I expect the continuation of decline towards 12600 target... Dollah has resumed its long-term decline, down 13% since Sept. 2022 Inflation rollercoaster: Dollar's rise, CPI surprise. Buckle up for reverse ride! {image}
Dollah Index
Daily TF.
Forgooton to attch earlier post
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #760,576
- Jul 24, 2023 6:37am Jul 24, 2023 6:37am
- | Commercial User | Joined Jul 2021 | 3,280 Posts
My telegram: https://t.me/avidforex
- #760,579
- Jul 24, 2023 6:53am Jul 24, 2023 6:53am
- | Commercial User | Joined Jul 2021 | 3,280 Posts
My telegram: https://t.me/avidforex
- #760,580
- Jul 24, 2023 6:55am Jul 24, 2023 6:55am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
Is GBP/USD and GBP/JPY are correlated pairs ? My observations, they tend to move in the same direction, although not always. The correlation coefficient between the two pairs is typically around 0.9, which is considered to be a strong correlation. They are both driven by the same factors, such as interest rates, economic growth, and political stability. Important to note that the correlation between GBP/USD and GBP/JPY is not perfect. There are times when the two pairs will move in opposite directions. For example, if there is a risk of a recession...
TP short.
Reverse trades.
Following GU moving up
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104