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Cable Update (GBPUSD)

  • #770,381
  • Aug 25, 2023 2:04am Aug 25, 2023 2:04am
Quoting cablekingdom
{quote} Sorry to break this news guys I gt even number of chicken nuggets today I e. 6 , so according to the theory --- GU is bearish for the day Theory was true fr last 2 instances, let's see if holds today as well
Hope this theory give good returns to u
  • #770,382
  • Aug 25, 2023 2:05am Aug 25, 2023 2:05am
Quoting silverjazz
{quote} am i the only one going short in here? everybody took long.. hhmmm
Was thinking GU is over sold and needed some retracement maybe to 1.26300
  • #770,383
  • Aug 25, 2023 2:07am Aug 25, 2023 2:07am
Quoting ScalaFX
Long GU for scalp 2565 TP 2600
Are you still holding?
  • #770,384
  • Aug 25, 2023 2:12am Aug 25, 2023 2:12am
Quoting Whale
{quote} 1.2585 area will tested soon.. later i believe it will go a lil more down
hit.

lets see now..

i want to see this 1h candle for continuation it another down that will prepare us stairs to heaven next month
  • #770,385
  • Aug 25, 2023 2:15am Aug 25, 2023 2:15am
Quoting Whale
{quote} hit. lets see now.. i want to see this 1h candle for continuation it another down that will prepare us stairs to heaven next month
Expecting it to go above 1.26000 and get to 1.26300

Hope it does.
  • #770,386
  • Aug 25, 2023 2:17am Aug 25, 2023 2:17am
GU Long. Today is Friday, reversal expected?

Attached Image (click to enlarge)
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  • #770,387
  • Aug 25, 2023 2:19am Aug 25, 2023 2:19am
Quoting ScalaFX
Long GU for scalp 2565 TP 2600
closed +16
People don't plan to lose. They lose because they don't plan.
  • #770,388
  • Aug 25, 2023 2:20am Aug 25, 2023 2:20am
Quoting Jackoboms
{quote} Are you still holding?
closed, sharching for short now
shorted 2580 for 2500 SL 2610
People don't plan to lose. They lose because they don't plan.
  • #770,389
  • Aug 25, 2023 2:26am Aug 25, 2023 2:26am
Quoting cablekingdom
{quote} Sorry to break this news guys I gt even number of chicken nuggets today I e. 6 , so according to the theory --- GU is bearish for the day Theory was true fr last 2 instances, let's see if holds today as well
There is one thing you didn't notice. Like the forest from all the trees.

Who was the one delivering you the food?

BAILEY!!! Buhahahahahah
  • #770,390
  • Aug 25, 2023 2:26am Aug 25, 2023 2:26am
Hopefully with the temporary suspensions of Peter and FX#'s some of the great contributors to this thread will reconsider abandoning it!


If they come back as disruptive, I would support getting them blocked from the thread!
  • #770,391
  • Aug 25, 2023 2:28am Aug 25, 2023 2:28am
For me area of confluence, three touch trendline broken to the upside, looking to break above Bollinger, but going against 4hr, high risk going long, but what the hell its Friday, yesterdays post give me a nice win, so stop loss is covered
Attached Image (click to enlarge)
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  • #770,392
  • Aug 25, 2023 2:31am Aug 25, 2023 2:31am
Quoting Whale
{quote} brics should make $ stronger? Im not familiar with this story
BRICS aim is to devalued US dollar.
Fed will not sit and watch but hit back.
  • #770,393
  • Aug 25, 2023 2:33am Aug 25, 2023 2:33am
Quoting Jolita
{quote} BRICS aim is to devalued US dollar. Fed will not sit and watch but hit back.
I was expecting way more from BRICS this week. We haven't got a single news from them this week.
  • #770,394
  • Aug 25, 2023 2:35am Aug 25, 2023 2:35am
Quoting Jolita
{quote} BRICS aim is to devalued US dollar. Fed will not sit and watch but hit back.
BRIC is about trading without US$. Not sure how that devalues the US$. Not trading with US$ removes demand for currency and the US would have to cut money supply to maintain the value of the US$. Theses are the only tools the FED has. Other branches of government have other tools.
  • #770,395
  • Aug 25, 2023 2:39am Aug 25, 2023 2:39am
for me Gu is collecting buy orders on the way down..

my overall view is bullish i just scalp short along the way..
Attached Image (click to enlarge)
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MY OPINION NOT FINANCIAL ADVISE
  • #770,396
  • Aug 25, 2023 2:39am Aug 25, 2023 2:39am
Quoting dantpm
{quote} BRIC is about trading without US$. Not sure how that devalues the US$. Not trading with US$ removes demand for currency and the US would have to cut money supply to maintain the value of the US$. Theses are the only tools the FED has. Other branches of government have other tools.
Has potential to devalue USD from the standpoint of USD losing it's main reserve currency status. East would be slowly getting rid of USD which would weaken USD since those USD's China has in it's reserves would be coming home probably or some other countries, but mostly Home which would flood US with USD and purchasing power of USD would fall drastically.

I think that's how things would work out.

Inflation would pick up again and Fed would be forced to raise interest rates again. Now, that would be horrible for US and would definitely lead to collapse of US economy.
  • #770,397
  • Aug 25, 2023 2:39am Aug 25, 2023 2:39am
Quoting TheWraith
{quote} I was expecting way more from BRICS this week. We haven't got a single news from them this week.
perhaps plans changed as Putin is on another agenda to hit ex leader of Wagner's group. Did you hear there was a second plane?
  • #770,398
  • Aug 25, 2023 2:40am Aug 25, 2023 2:40am
EU
Anyone see other possibilities for mid-term?

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More time in the market, does not mean you trade better!
  • #770,399
  • Aug 25, 2023 2:42am Aug 25, 2023 2:42am
Quoting TheWraith
{quote} I was expecting way more from BRICS this week. We haven't got a single news from them this week.
Kind of pausing and contemplating what news would or could come from the BRICS and the first things that come to my mind are the ongoing US/Ukraine war with Russia and the proposed US war with China sort of deals with a big chunk of the BRAZIL, RUSSIA, INDIA, CHINA core of the BRICS. What more news did you expect?
They did expand their membership. They continue to trade.
  • #770,400
  • Aug 25, 2023 2:43am Aug 25, 2023 2:43am
Quoting Jolita
{quote} perhaps plans changed as Putin is on another agenda to hit ex leader of Wagner's group. Did you hear there was a second plane?
No, I didn't. But I heard that from those 10 people who were on that plane, that 2 survived.

God knows what's going on there.
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