Cable Update (GBPUSD)

Quoting dantpm

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{quote} 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...

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Quoting Ferna

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{quote} 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...

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Quoting T721

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{quote} Hi pal, worth buying nzd/chf imo.... i am in already and will add if it takes out yesterdays low

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Quoting dantpm

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{quote} Just out of curiosity, why NZDCHF and not NZDUSD? Range appears better on the USD pair, even from the Friday low.

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Quoting PeterCaleb

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Here is a perfect example of pure bullshit that these sites produce .... {image} This is a pic of what someone wrote on the "other cable" thread. Re: OHLC and tape reading. This person clearly has no working knowledge or know-how of HOW tape reading is done or pivots or volumes "back then". For anyone to learn --- * OHLC is NOT transient in markets. It is NOT compulsorily used it is optional as a view of "something". * Markets do not "open" they progress. ANYONE who has traded knows that open times are not real. They are known as performance staging....

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Quoting DrDave

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{quote} How are you able to make the same amount of profit as last year? Well the answer is obvious: you double the prices! Interesting idea because the companies that I have worked for would first freeze employee raises and bonuses and start reducing the headcount. Raising prices would only follow if required.

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Quoting pipfarm

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

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Quoting Konichiwhaat

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

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Quoting DrDave

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{quote} How are you able to make the same amount of profit as last year? Well the answer is obvious: you double the prices! Interesting idea because the companies that I have worked for would first freeze employee raises and bonuses and start reducing the headcount. Raising prices would only follow if required.

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Quoting FulMargnAlch

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Looks like a bullish continuation, we will see. {image}

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Quoting TheWraith

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GBP/USD 15M Chart Important 15M Candle.. If it breaks above gray and yellow line, then Buy continues and this was retracement, if not further drop is expected. {image}

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Quoting Danger-Mouse

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{quote} Oh Peter, I think that's a bit disrespectful to completely dis a guy's method of trading just because you don't agree with it. If he's making a tidy profit from it then what's wrong with that? I may not like the design of the new Tesla, buy hey, if it sells a bucket load then who am I to argue? I've followed your posts here for the past few years and found interest in your way of looking at markets. But lately...what the hell ??? It's like you've become all the things you said you detested. Like how you always said "sites like this" were...

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