Cable Update (GBPUSD)

4hr close in twenty minutes, we should get true direction then, day traders, it looks long

Your a bit late to the party , it has been long for the last 12 4H candles

Im sold GU for scalp, can add 2800 2810 target 2750

Potential H+S 5 min formation under 2800

Pipfarm, i am already in the trade, as per my last post, just offering my perspective

Forgot to mention, i am a scalper, i only scalp 4hr candles, as you mentioned the last 12, i have made my targets, maybe not this one

Will add Long at 165.857.

Actually 165.750*.

I think it all comes down to the demographics and banks wanting to show profits over expectations no matter the cost.

Let me give an simple example: Let’s say last year your company had 100 customers, this year 50 of them dies and you are unable to find 50 new customers. How are you able to make the same amount of profit as last year?
Well the answer is obvious: you double the prices! And this is what inflation is all about.

We are now at a hypercapitalistic stage where every penny needs to be squeezed out of every living person to be prevent a stock market crash. It is even written in law to the benefits of corporatism profit, taxpayer money are directed to companies and banks. They are now customers by tax and law.

What we can see now is that more and more people are realizing they are being milked and held as cattle by this hypercapitalistic device. This is why we see a minimal wage demand from workers in the U.S going up from 68 000/year to 80 000 dollar/year. Cause they know there is no justification for having their living standard reduced and having to hold 2-3 jobs to be able to keep up with their fees.

The authorities are doing everything they can to uphold the illusion of an healthy growth economy, while there is no basis for it demographically. It is symptomatic that alot of the prioritized groups are older people, since they have the most wealth and unquestionable political sympathy. Pharmaceutical companies are buying doctors lunches every week and giving them presentations over lunch meetings, this to get as many drugs as possible sold We are at an unethical peak in history.
Same with the food companies, putting premium prices on healthy food(proteins) while giving discounts on unhealthy foods(sugars etc). There are many other capitalistic inventions out there designed to milk every penny of a shrinking customer base, but it would be too lengthy to elaborate on that.

The point is a stock market crash would be the best thing that could happen. Then the previous market capitalistic model could be maintained and people can still make money.
However if the bubble is being artificially maintained by authorities , it will eventually dry up the labour force as well as any customer base. The negative sentiment will then start to get hold of talented executives and entrepreneurs.
And more technological control and innovation will be needed to get any kind of work done.

I think the consequences will be: 1) diminished labour participation 2) cultural decline 3) Benefits to emerging markets and BRICS 4) de-dollarization 5) A temporary flood into long-term bonds, but later panic sell as they most likely will be useless if U.S issues a new digital currency to tackle it’s debt. 6) A shift to the benefit of the value of physical collaterals and commodities. 7) political shift away from democracy

GBP/USD 15M Break, Short

mmm, resistance here at 80? Closing first position for 10 pips. Risk free runner still in play

128 rejected however so far only a 20 pip bounce. Maybe a move to crack above towards 12850 is on? It’s low volumes with not much in data today or even tomorrow.

Added another Long on Gold.

Its going down to 161.90. Scalp long in between no idea.
It will take quite some time. I was expecting to go long gbpcad but meanwhile thought could buy me a coffee with Chfjpy. I did not realise that my calculations had to be milimetric. Any mistake allows the bot to trade against to the limit. It has no knowledge about trading. Just takes advantage of traders mistakes or ignorance by knowing each trader's position, margin etc. Its just like knowing the cards on your hand. And if it fails trading against, will wash its underwater positions outside trading hours. It is a win win game for it.

Closed all Daily trades in my Journal.

Hurricane Warnings

Here is the difference for pivots .....

GBPUSD



UK100+GBPUSD



Can you see the differences?

The white is UK100 and the blue is GBPUSD.

Anyway I'll leave you with it.

The two indicators I used for this setup are below. Remember to proportionalize them properly so both are stable on chart, otherwise you may get a bad view. Do this by finding a view range and sticking with that range. Sorry but mt4 doesn't seem to have a single indicator that does custom instrument pivots. Not based on what I found anyway.


Have fun.


Peter

CHFJPY

D1 above W1 and W1 above MN1

D1 pb made a nice abc as seen on H4 then broke the high on a single swing up now h4 is pulling back to the SBR from the abc correction , personally i would look to long

There is no basis for it to go to 161 at the moment

You are just scratching the surface. Executive bonus compensation is regularly tied to specific 'achievables'. Bookeeping provisions are often used to achieve these 'goals'. The trick is that in the following year the 'already achieved' isn't measured and the provisions are reversed.
There are a lot of games played!
Executive compensation levels in most companies make very little sense! Often companies including banks aren't able to distribute anything to shareholders as any surplus cash flow gets dolled out as executive compensation. Board of director positions are filled by buddies of executives to keep the gravy train rolling along.