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Cable Update (GBPUSD)

  • #765,881
  • Aug 10, 2023 4:22am Aug 10, 2023 4:22am
Quoting pipfarm
{quote} You are digging a hole for yourself ALL THOSE TRADES ARE HINDSIGHT, NONE WERE POSTED LIVE Not abiding by your own standards

I need to be entertained by Karen and the gang.
That how it is ,posting hind sight is easy ,but posting real time is the challenge.

I hope she got that message now. YES those ar hind sight, that demonsstrate how Karen can get 20/20 trades call flawless.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #765,882
  • Edited 4:34am Aug 10, 2023 4:23am | Edited 4:34am
Quoting dantpm
{quote} A couple of nuances. The US pays lip service to caring about unemployment but focuses on inflation and GDP. The Inflation objective of 2% is so that as the money supply increases it is not devalued with inflation. GDP is used as a proxy to suggest that the US can actually pay the interest that it owes from income and is not simply printing more money to pay interest. All of this so that the US doesn't have to raise taxes and actually repay their debt. Other countries try to copy the US economics and western countries have some success. Pakistan...
Exactly, If another country would do the same as the US economy, their currency on the foreign exchange market would be traded for cents.
But given the world currently do not have the next best alternative apart form the USdollar, when people sell off all their assets, the only liquid thing left is the USdollar.

This is why couple days ago, there was a post where it was related to GDPnow- the figure seems fake and the US govt officials are pumping, so the USdollar does not crash as the world reserve currency. Meanwhile all big countries reduce their dependence on the USdollar and hedge funds start their hedging against high interest rate- something is coming and everything is related to that GDP figures. No evidence yet, but gut feeling
More time in the market, does not mean you trade better!
  • #765,883
  • Aug 10, 2023 4:24am Aug 10, 2023 4:24am
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  • #765,884
  • Aug 10, 2023 4:25am Aug 10, 2023 4:25am
Quoting Pat Chiko
{quote} GU Hi Pipfarm, Thank you for your comment. The concept of "foresighted" trade calls began with my previous post, which included a complete chart and its projection. (see chart below) I believe that this is the best way to provide traders with valuable insights and help them make informed decisions. I appreciate your feedback and this are very constructive feed back I got from fellow trades with respect. {quote}{image} Structure and Chart formation (read with charts below) The chart below shows my trade map and projection for the upcoming...
Not an acceptable explanation


There is no doubt the second entry is a hindsight entry as you did not post it live whatever excuses you make.
Follow The Markets Structure - Patience and Discipline
  • #765,885
  • Aug 10, 2023 4:28am Aug 10, 2023 4:28am
Quoting silverjazz
hhmmm everyone goes with long, meanwhile i took short.. makes me not confident
im on short side..short every high
  • #765,886
  • Aug 10, 2023 4:31am Aug 10, 2023 4:31am
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Together we can be strongest
Vantage Return This Month: na
  • #765,887
  • Aug 10, 2023 4:32am Aug 10, 2023 4:32am
Quoting Fardeen1209
{quote} Exactly, If another country would do the same as the US economy, their currency on the foreign exchange market would be traded for cents. But given the world currently do have the next best alternative apart form the USdollar, when people sell off all their assets, the only liquid thing left is the USdollar. This is why couple days ago, there was a post where it was related to GDPnow- the figure seems fake and the US govt officials are pumping, so the USdollar does not crash as the world reserve currency. Meanwhile all big countries reduce...
Actually the Western Governments held a joint central bank meeting earlier this year where they all agreed to increase their US$ currency reserves. This is part of manipulating currency rates globally and IMHO helping the US to fund its military objectives without raising taxes. It's a great solution. The US supports Ukraine, claims not to have US soldiers in the battle and doesn't have to raise taxes to pay for it. Well it would have been good except that the US military found out that it can't source enough weapons in the US to supply Ukraine and start a new war with China. It is a comedy that is sure to be made into a movie at some point. It makes me wonder what comes next.
  • #765,888
  • Aug 10, 2023 4:33am Aug 10, 2023 4:33am
Quoting Pat Chiko
{quote} I need to be entertained by Karen and the gang. That how it is ,posting hind sight is easy ,but posting real time is the challenge. I hope she got that message now. YES those ar hind sight, that demonsstrate how Karen can get 20/20 trades call flawless.

Your behaviour is becoming very malicious, it sounds like you photoshopped those trades to prove a point , this feud has to end
Follow The Markets Structure - Patience and Discipline
  • #765,889
  • Aug 10, 2023 4:33am Aug 10, 2023 4:33am
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  • #765,890
  • Aug 10, 2023 4:40am Aug 10, 2023 4:40am
Further to my post yesterday, when I was encouraging folks to look for swings - check this out.

Cable on a weekly.

4 bar pivot (the inside candle should be viewed as part of the previous one).

But we have a 4 bar pivot/swing.

This tells us the sentiment of the market is bearish in the immediate term.

We do not guess/we look for these swings and scalp or take short term trades off it. And de-risk it. There’s a way to do that if anyone is interested.

Study these patterns and on small Lots have a go. See it work, build confidence and then go for higher Lots

Ignore commentary. The only news we are mindful of is NFP and interest rates. Forget the commentary. Look for swings. Good luck people.
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  • #765,891
  • Edited 5:09am Aug 10, 2023 4:43am | Edited 5:09am
Quoting dantpm
{quote} Actually the Western Governments held a joint central bank meeting earlier this year where they all agreed to increase their US$ currency reserves. This is part of manipulating currency rates globally and IMHO helping the US to fund its military objectives without raising taxes. It's a great solution. The US supports Ukraine, claims not to have US soldiers in the battle and doesn't have to raise taxes to pay for it. Well it would have been good except that the US military found out that it can't source enough weapons in the US to supply...
The whole financial system is a scam, because they used bond to issue new money. When the bond failed, they repackaged it from A's rating to put it into B or C, then sell if off.
The new issued 'secured' bond/swaps/ other fancy name paper, to backed new money printed.
US can print as much as many money they want, other countries need to buy their new money from the minting department. This is why China print its own money under its own mountain under the US satellites surveillance. In less than 50 year, China went from broke to hero

Edit:

The financial system holds its value because people accept it. You can read "The bitcoin standard" a great book- it explains why people would kill each other for a paper.
More time in the market, does not mean you trade better!
  • #765,892
  • Aug 10, 2023 4:44am Aug 10, 2023 4:44am
Quoting kenny4real
I honestly didn't like the GU buy that took place this morning. I had anticipated a gradual fall and consolidation till CPI then shoot up but they said No.
I really need to be sure if this move is real...will they sustain the bullish tempo or they might drop to fire up?
Honestly, I don't know.

I'm still on the fence...AU is still at discount , I might consider trading it when the time is near for CPI.
  • #765,893
  • Aug 10, 2023 4:45am Aug 10, 2023 4:45am
Quoting voeltoez
{quote} im on short side..short every high
wish us luck!
  • #765,894
  • Aug 10, 2023 4:46am Aug 10, 2023 4:46am
Quoting pipfarm
{quote} Not an acceptable explanation There is no doubt the second entry is a hindsight entry as you did not post it live whatever excuses you make.

Hi Pipfarm.

Agree, I don't post live, but I post "foresight" much ealier, even before the actual trades taken. ( see chart below)
As I am not available most of the time.
I only spend an hour or two reading during London Open.
Responding to few messages as necessary.
Today, I may come back to FF for the CPI release. Sharing ideas and trades projection.

And you must understand, I cannot babysit everyone, but my trade plan template in this thread is a good way to show my forecasted projection of the price.
Each individual must choose their own risk-reward appetite, as I cannot dictate when to enter or exit a trade.
The exaact N3 for each trades are very subjective, but the projection I laid infront of all of you way ahead of the real time movement itself.

This is my trade template and projection posted much earlier. It is up to all to use it according ,as I cannot decide on where your N3 or SL is.
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It is interesting that when I post my projections, hoping to generate discussion and feedback, no one is willing to engage.

However, once the trade is complete, everyone is quick to offer their "hindsight opinions."
I believe this is driven by jealousy.
Karen and her cohorts admires my trading skills, but she is unable to demonstrate them in real time or in a foresighted manner.

Most of her live trade calls have failed, so it does not matter what she posts - it will only be good for hindsight.
I am always open to feedback and discussion, and I believe that it is important to learn from each other.

If you have any thoughts on my projections, please feel free to share them.
I am always happy to learn and grow as a trader.

Again, Thank you for your opinion.
I look forward to learning from you and your foresighted and real-time trade calls.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #765,895
  • Aug 10, 2023 4:46am Aug 10, 2023 4:46am
DXY still fighting the support 102.20.
watch GBPUSD fly if DXY falls below this level.

Good luck
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  • #765,896
  • Aug 10, 2023 4:48am Aug 10, 2023 4:48am
Quoting voeltoez
{quote} im on short side..short every high
Mee 2, holding my sh*ts tight, glad to see the 4hr external structure not yet broken. Add back some more shorts which i partial tp yesterday.
More time in the market, does not mean you trade better!
  • #765,897
  • Aug 10, 2023 4:51am Aug 10, 2023 4:51am
Quoting Pat Chiko
{quote} GU Hi Pipfarm, Thank you for your comment. The concept of "foresighted" trade calls began with my previous post, which included a complete chart and its projection. (see chart below) I believe that this is the best way to provide traders with valuable insights and help them make informed decisions. I appreciate your feedback and this are very constructive feed back I got from fellow trades with respect. {quote}{image} Structure and Chart formation (read with charts below) The chart below shows my trade map and projection for the upcoming...
thanks
  • #765,898
  • Aug 10, 2023 5:02am Aug 10, 2023 5:02am
Anyone ever tried Chartered Market Technicians (CMT)?
Was looking at their Curriculum - thought may be after gaining more experience in couple years can go through their courses Level I -III
More time in the market, does not mean you trade better!
  • #765,899
  • Aug 10, 2023 5:04am Aug 10, 2023 5:04am
Quoting pipfarm
{quote} Your behaviour is becoming very malicious, it sounds like you photoshopped those trades to prove a point , this feud has to end
Thank you again for your interest and admirition of my trades.

First , you must prove it photoshop.
Secomnd, please photoshop any trades (block trades) and seee how you will punch the number.

Im' not a skillful photoshop, but, since as you've said it photoshopr, you must be able to emaluate or demonstrae it is possible to be done.
There is time stap on those N3 and exit on AU, EU and GU.
See how you will maage to pull it out with photoshop. Please give it a try....

And before I fo for my usual break, please......

Accusing someone is easy, but proving it is another matter.
Since you have used the word "photoshop," please provide evidence to support your claim.
If you are unable to do so, then your accusation is false and you are spreading misinformation about me.

I believe that your accusation is motivated by jealousy of my "foresighted" skill in reading charts.
I have noticed that most people only focus on my trades, rather than the setups that I post much earlier.

No one pays attention to these posts until after I have taken the trade, and then I see all the hindsight comments and Photoshop accusations start to fly.
I would rather see others comment on my earlier posts during the thought process session.
Once the trades are done, any hindsight comments are filled with either jealousy or admiration.

Peace Bro.
I wait for your photoshop to prove it it can be done.
PAT Chiko
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #765,900
  • Aug 10, 2023 5:05am Aug 10, 2023 5:05am
So market readying for high impact news next all played to best highest level so far including gold. May accommodate the shock within existing range, so more down than up possible! Take utmost care. Will deal after over!
Not understand?better not follow my analyses!doubt clearer first, risks ++
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