Cable Update (GBPUSD)

Quoting PeterCaleb

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{quote} That's not what trading is about.

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Quoting FocusWinReal

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{quote} *** Non-rudeness alert! *** Unlike yourself I'm not projecting Peter, but your subjective hindsight lines only show what candles and peaks and troughs also show to put it simply. Therefore the wow! If you make 5% per day good for you, it's not my position to challenge that. If you feel the need to show how or when good for you. If not then also good for you. If you feel the need to be rude, have at it. hehehehehhihihihihihi A real trader? Wow like wow I'm just going wow! You're funny.The crap coming from some people sometimes is unbelievable....

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Quoting Nordling

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{quote} I see you coming here from time to time, writing vague things, starting arguments and piss off. What's the matter with ya mate?

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Quoting ninner

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{quote} best of luck with it.....where is that Peter Caleb fella.....hey fella , i am up 7 percent today LOL LOL LOL

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Quoting ricmaj

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the Market mind is well different, sellers lost their grip and plans for a deep dive was aborted by the resurfacing bulls who held the minor support from collapse. breakout of Critical Resistance as established at 1.278ish it could be all over for the day regardless of cpi values. {image}

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Quoting parisboy

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{image}

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Quoting Fardeen1209

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{quote} The CPI Affect Interest rate = Interest rate affect GDP/Employement. When GDP is strong, meaning the economy can hold more interest rate than its current level without putting the country into a recessionary phases. As a result, the higher interest rate attract foreign investment- yield seeker - they buy the country's currency (Appreciation). When the GDP is weak (around 0.1% to -0.1%), when CPI is rising, Meaning CB need to raise interest rate. But given the GDP is already weak, the rising interest - makes borrowing costlier [to finance...

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Quoting DrDave

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{quote} With hindsight analysis.

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Quoting pipfarm

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{quote} You are digging a hole for yourself ALL THOSE TRADES ARE HINDSIGHT, NONE WERE POSTED LIVE Not abiding by your own standards

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Quoting dantpm

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{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...

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Quoting PeterCaleb

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{quote} I merely placed all desired responses from me to all here into one post. That's all. Apologies if you feel you copped the brunt of it. The approach re: the lines is more consistent than what most people here do and show. Take it or leave it. They were not in fact, in hindsight, they were in real time IF one cares to take a look at all necessary info stamps. Any deadweight on these sites will say, do or believe (or give the impression that it is what they think/feel/believe/know). If you learn and improve then great. I'm not being rude I...

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Quoting dantpm

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{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...

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Quoting Kez-m

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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...

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Quoting Fardeen1209

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{quote} 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...

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Quoting Qzymandias

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{quote} This is my first post on Forexfactory and it's an appreciation post for Pat Chiko! Over the past few months, I've been closely following Pat's posts, and I must say, they are nothing short of amazing. Pat is one of the few here on this forum, whose insights have been valuable, helping me both with my analysis and actual trades. I'm confident that your contributions are helping numerous other traders as well. Recently I've noticed that Pat has unfortunately faced some unwarranted criticism from a few individuals. I haven't read all the posts...

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Quoting navk

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Calling it a day. Unhappy with the PA. {image}

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