Cable Update (GBPUSD)

Quoting Robinhood1

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{quote} I worked as a tour guide from 2000 to 2016 in BARCELONA. I noticed soccer was growing amongst the USA kids. They would were a Barcelona shirt and new all the team players apart from competing at Usa soccer tournenents. It is a generacional issue. Don't forget soccer is King sport around the world meaning lot of revenue. north Americans are King at marketing. Its just a matter of time.

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Quoting ninner

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{quote} I dont think the markets are open yet but go ahead and try and trade it lol

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Quoting Zebi

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{quote} sure..american footballs moving to england too the kids that play soccer dont stay home to watch a scoreless game soccer in america is only driven by the immigrant population here that likes it

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Quoting Zebi

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{quote} sure..american footballs moving to england too the kids that play soccer dont stay home to watch a scoreless game soccer in america is only driven by the immigrant population here that likes it

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Quoting T721

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{quote} i dont trade Sunday, spreads are way too big, GU has a 21pip spread right now for me

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Quoting Zebi

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{quote} {quote} speaking of the dollar this is my take on it..... no amount of conspiratorial thinking is going to keep it from going to 105...the BRICS well theyll shit some bricks but just soil themselves

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Quoting Erebus

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{quote} Agree, I don't understand the rush to trade the open, maybe just those gap conspiracy traders? This about 50 minutes into the week... {image}

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Quoting dantpm

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{quote} Instead of being a US$ hater or lover you just have to figure out where it is going and trade accordingly. 'Forex traders' that develop love affairs with currency pairs don't last long IMHO! The US gov't is really big on promoting that the US$ has little inflation to support the increased supply of US$. Pretty sure this is a given. Beyond this it is all about how US actions are copied globally with respect to rates. Figuring this out will lead to identifying profitable trades from a technical perspective then it...

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Quoting Zebi

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i know theres alot of dollar haters in the room and want to see the BRICS countries teach the USA a lesson in humility but what these two charts show is that the dollah will eat the brics for lunch and shit em out in the morning heres two views of the weekly dollar futures charts... imagine if they were 5 minute charts...would you still be shorting it? draw your lines or put your indicators on it and let me know if you disagree.... you can look at the monthly and quarterly for yoursellves {image} {image}

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Quoting bfx17

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{quote} I would say not very smart, rather you have to have a lot of observations time under your belt. believe it or not I consider 1 hour TF trickier than 1 min or 5 min, because I simply do not understand what the hell is going on. Of course I have a look on higher time frames, but on 1 min I feel like I understand better what the price is trying to do. For other traders 1 min is a nightmare and they are comfortable with 1h, 4h, daily etc.

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Quoting bfx17

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{quote} sure man, no prob. MM is the market makers, the motherfuckers who make our like so complicated. they control the price, the "supply and demand" and ofc, the potential Algo. regarding this debate whether there is an algo or not, there is a very good thread on FF named "Real or Algo" or "Algo or Real", I dont remember exactly. in there you can find very good pros and cons regarding this subject. Also, you can have a look at fractalfreak thread, which is now under commercial, where he explains how this potential algo drives the price in such...

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Quoting dantpm

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{quote} Instead of being a US$ hater or lover you just have to figure out where it is going and trade accordingly. 'Forex traders' that develop love affairs with currency pairs don't last long IMHO! The US gov't is really big on promoting that the US$ has little inflation to support the increased supply of US$. Pretty sure this is a given. Beyond this it is all about how US actions are copied globally with respect to rates. Figuring this out will lead to identifying profitable trades from a technical perspective then it is all about figuring how...

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Quoting Zebi

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{quote} i think the dollars going back to 112/15 for whatever reason ill leave the conspiracy theories why to others all ill say is will get there in bidens second term

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Quoting Pat Chiko

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{quote} GU winding down on revenged traades.{image}

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Quoting Pat Chiko

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{quote} GU New week , same set up. Continuing from last position on Friday, have two scenarios for moving forward with this trade. I Hope to reach the immediate target by today and then re-evaluate where the price may take us next. Any constructive comment and view welcome. {image} {image}

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Quoting navk

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{quote} Hourly... I see some resistance around 2750 to push the price down. I look to 9 PM est... for buy . The longs should be effective if it breaks 2750. IMO

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