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Cable Update (GBPUSD)

  • #778,241
  • Sep 26, 2023 5:35pm Sep 26, 2023 5:35pm
Quoting navk
{quote} This is what happening....nowadays. Price going down... never turns up. lol

Massive manipulation by central banks to support the growth of money supply to support government spending.

The only exception is Japan with its near 0 interest rate policy!
  • #778,242
  • Sep 26, 2023 5:49pm Sep 26, 2023 5:49pm
Quoting dantpm
{quote} Massive manipulation by central banks to support the growth of money supply to support government spending. The only exception is Japan with its near 0 interest rate policy!
how do they hold IR low?
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #778,243
  • Sep 26, 2023 5:50pm Sep 26, 2023 5:50pm
Quoting Coreg2004
{quote} Bones, as of right now we need to find the end of C/ or wave 3. I changed the tactics and used the channel b/c we might deal with ending diagonal formation. {image}
Quoting dantpm
{quote} Massive manipulation by central banks to support the growth of money supply to support government spending. The only exception is Japan with its near 0 interest rate policy!
dantpm, I know, they called me 5 days ago...
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Always trade your own plan...I don't provide trading signals.
  • #778,244
  • Sep 26, 2023 6:13pm Sep 26, 2023 6:13pm
Quoting Bones
{quote} how do they hold IR low? {image}
Global economies dependent on debt are already on the verge of failure with rising interest rates because of debt levels as are households.
  • #778,245
  • Sep 26, 2023 6:31pm Sep 26, 2023 6:31pm
Quoting dantpm
{quote} Global economies dependent on debt are already on the verge of failure with rising interest rates because of debt levels as are households.
Japan has the biggest debt of all, the Gov prints money to buy all the debt, and that's how they hold rates down,
debt is 263% of GDP, and is the highest of any developed nation. 43.3% of this debt is held by the Bank of Japan.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #778,246
  • Sep 26, 2023 6:55pm Sep 26, 2023 6:55pm
Quoting Bones
{quote} Japan has the biggest debt of all, the Gov prints money to buy all the debt, and that's how they hold rates down, debt is 263% of GDP, and is the highest of any developed nation. 43.3% of this debt is held by the Bank of Japan.
These are nonsense values!
Japan GDP $2882 billion
US GDP $7927 billion

Japan Debt $9.8 trillion
US Debt $31.42 trillion

Chances that either one will repay debt 0.00000000

News flash, GDP is used for more than debt and interest repayment.
  • #778,247
  • Sep 26, 2023 7:00pm Sep 26, 2023 7:00pm
Quoting dantpm
{quote} These are nonsense values! Japan GDP $2882 billion US GDP $7927 billion Japan Debt $9.8 trillion US Debt $31.42 trillion Chances that either one will repay debt 0.00000000 News flash, GDP is used for more than debt and interest repayment.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #778,248
  • Sep 26, 2023 7:02pm Sep 26, 2023 7:02pm
Quoting Bones
{quote} {image}
So what is their plan since they cannot repay any debt
  • #778,249
  • Sep 26, 2023 7:04pm Sep 26, 2023 7:04pm
Quoting dantpm
{quote} These are nonsense values! Japan GDP $2882 billion US GDP $7927 billion Japan Debt $9.8 trillion US Debt $31.42 trillion Chances that either one will repay debt 0.00000000 News flash, GDP is used for more than debt and interest repayment.
When you pass 100% you are in trouble, I'm not sure about the US
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #778,250
  • Sep 26, 2023 7:07pm Sep 26, 2023 7:07pm
Quoting shakmoney
{quote} So what is their plan since they cannot repay any debt
well, they have to carry out yield control, if they let the free market buy the debt like normal they would go bust,
but you get 0 growth in that situ, like Japan
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #778,251
  • Sep 26, 2023 7:11pm Sep 26, 2023 7:11pm
Quoting Bones
{quote} well, they have to carry out yield control, if they let the free market buy the debt like normal they would go bust, but you get 0 growth in that situ, like Japan
Either way they are pretty much done
  • #778,252
  • Sep 26, 2023 7:33pm Sep 26, 2023 7:33pm
Quoting EtzzyPoo
{image} {image} Forgot to post these, nice quick and easy 1:1 trade on GU today, +1%
Comgratulations!
"No trade is still a trade." - Peter Borish
  • #778,253
  • Sep 26, 2023 7:43pm Sep 26, 2023 7:43pm
GU has become a crap pair to trade
  • #778,254
  • Sep 26, 2023 7:48pm Sep 26, 2023 7:48pm
Long 1.2143
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #778,255
  • Sep 26, 2023 8:03pm Sep 26, 2023 8:03pm
Quoting shakmoney
GU has become a crap pair to trade
how? This is the best time to trade it , bearish engulfing weekly and bearish engulfing daily! This is the easiest sell ever
Master your mind. Master Trading.
  • #778,256
  • Sep 26, 2023 8:13pm Sep 26, 2023 8:13pm
Are we in accumulation in DXY?
Any wycoff experts can conquer?
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  • #778,257
  • Sep 26, 2023 8:25pm Sep 26, 2023 8:25pm
Do the bulls really have it in them to push back?
Eyes still on retrace to 2300
  • #778,258
  • Sep 26, 2023 8:47pm Sep 26, 2023 8:47pm
Quoting KareemAliFx
{quote} how? This is the best time to trade it , bearish engulfing weekly and bearish engulfing daily! This is the easiest sell ever
what are you targeting
  • #778,259
  • Sep 26, 2023 9:25pm Sep 26, 2023 9:25pm
Quoting shakmoney
{quote} what are you targeting
don’t have one, just riding it out in tell I see a pull back and placing stops in profit as more time goes
Master your mind. Master Trading.
  • #778,260
  • Sep 26, 2023 9:28pm Sep 26, 2023 9:28pm
Bought some GU and its already half way to my stoploss...
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