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Cable Update (GBPUSD)

  • #784,621
  • Oct 19, 2023 10:56am Oct 19, 2023 10:56am
Quoting MrBullBear
{quote} who are you to give such advice? You are assuming you know better? That's funny!
You seem very frustrated so I am trying to give you some friendly advice...hope it helps son!!!
  • #784,622
  • Oct 19, 2023 10:58am Oct 19, 2023 10:58am
Quoting Pat Chiko
{quote} Thanks Dan. You're a great person of knowledge, care to share with me. BTW, how many percentile does banks hold share in FED. If, a lot, don't you think FED obliged (not officially) to make policy in favours of banks. Maybe banks don't have the power, but they have the clout to influence FED. Just my stupid assumption, no serious matter here.
If you are interested it is spelled out here:
https://www.brookings.edu/articles/w...2012%2C%202022.

The government says who serves on the FED, they are not necessarily employees of the banks, the banks get to pick candidates for the positions.
Yes the FED is supposed to 'protect the interests' of all the banks.

Here is the ownership explained:
https://www.stlouisfed.org/in-plain-...rn%20dividends.
  • #784,623
  • Oct 19, 2023 10:59am Oct 19, 2023 10:59am
Quoting Headland
...what's going on with the 4hr? It's some kind of descending channel? Pretty rangy with an overall downside bias? I dunno, hard to read that t/f right now. 4hr below {image}
Don't know. Maybe post a chart of what you are seeing, instead of what is clearly some rave party.
Congratulations ScalaFX for coming out of the closet!
  • #784,624
  • Oct 19, 2023 11:00am Oct 19, 2023 11:00am
...you can see the mini 1hr descending equidistant channel that broke to the upside, pulled back, and then bounced off the top of it. Easy bounce at the prev 1hr sw hi zone = prev res = pot rbs with the 3min bullish hidden div, on the p/back from the current dly hi.

1hr below
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Trader with an Edge.
  • #784,625
  • Oct 19, 2023 11:02am Oct 19, 2023 11:02am
Quoting donfriday
half point tradin 1.2250 to 1.2350 is next target before any sell setup for me
1.23000 could be a realistic target if 1.20880 continues to hold.
  • #784,626
  • Oct 19, 2023 11:03am Oct 19, 2023 11:03am
Quoting Fardeen1209
{quote} 2 setup Wont touch GU until either happend 1st option {image} Less possibility to happen suported by fundamental reason hotter CPI 2nd Option {image} More probable align with EU too and GBP fundamental and Dollar weakness
Meanwhile ninner will say he catch the bottom today.
More time in the market, does not mean you trade better!
  • #784,627
  • Oct 19, 2023 11:03am Oct 19, 2023 11:03am
my view...

4 days range less than 250 pips is sign of weakness and QP 1.2250 is possible price to return to
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MY OPINION NOT FINANCIAL ADVISE
  • #784,628
  • Oct 19, 2023 11:05am Oct 19, 2023 11:05am
Quoting nubcake
{quote} Don't know. Maybe post a chart of what you are seeing, instead of what is clearly some rave party.
Hi. Thanks for your constructive input. No really, I mean that from the heart of my bottom. You remind me of someone who was awarded the coveted 'membership revoked' recently. Hmmmmmmmmmmmmmmm????? I wonder.
Trader with an Edge.
  • #784,629
  • Oct 19, 2023 11:06am Oct 19, 2023 11:06am
Quoting ninner
{quote} You seem very frustrated so I am trying to give you some friendly advice...hope it helps son!!!
what made you think that I am frustrated? Lol.. I am simply replying to your younger brother who tried to mocked my trades and end up being humiliated and cried over your shoulder when I retaliated. Keep your advice with you and don't assume you are better than any trader here. Build up a positive reputation first before acting like you know trading well. Will you?
Only an idiot knows with certainty to where the market is going.
  • #784,630
  • Oct 19, 2023 11:06am Oct 19, 2023 11:06am
1.2055 is my target
  • #784,631
  • Oct 19, 2023 11:07am Oct 19, 2023 11:07am
Quoting DrDave
{quote} What if he is real AND maquerading as AI?
Until I meet him (or her) in person............
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #784,632
  • Oct 19, 2023 11:08am Oct 19, 2023 11:08am
Quoting Wavegarrick
{quote} I clearly see that you don't want to let it go.No live trades. Just hindsight charts with fib extensions. All traders hail glory to Coreg because price bounced off his fib extension in hindsight. {quote}
Dear Leon, what do you want from me? I mind my business and you attacking me day after day. Don't forget to post the evidence that I misled people here with my analysis. It's more than 90 days. Busy Leon? Leon, don't check my charts, it's advanced stuff.
Always trade your own plan...I don't provide trading signals.
  • #784,633
  • Oct 19, 2023 11:11am Oct 19, 2023 11:11am
Quoting MrBullBear
{quote} what made you think that I am frustrated? Lol.. I am simply replying to your younger brother who tried to mocked my trades and end up being humiliated and cried over your shoulder when I retaliated. Keep your advice with you and don't assume you are better than any trader here. Build up a positive reputation first before acting like you know trading well. Will you?
the only person humiliated is you ! You posted eur sells to me out of nowhere and mocking me and now they are underwater . You posted me gold sells now they are underwater . Clown
Master your mind. Master Trading.
  • #784,634
  • Oct 19, 2023 11:11am Oct 19, 2023 11:11am
Quoting MrBullBear
{quote} what made you think that I am frustrated? Lol.. I am simply replying to your younger brother who tried to mocked my trades and end up being humiliated and cried over your shoulder when I retaliated. Keep your advice with you and don't assume you are better than any trader here. Build up a positive reputation first before acting like you know trading well. Will you?
He is a joke, couple more members here also deserved the ignore button.
Trust me it will save you lot of headaches dealing with these creatures.
More time in the market, does not mean you trade better!
  • #784,635
  • Oct 19, 2023 11:12am Oct 19, 2023 11:12am
Quoting MrBullBear
{quote} ohh.. i see. He's protecting his younger brother KareemAli who cried yesterday while I embarrassed him in an attempt to bully me on another thread. They think that I'am new here.
The name familiar, but couldn't figure it out who he is.

Maybe I was away on holiday for too long.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #784,636
  • Oct 19, 2023 11:12am Oct 19, 2023 11:12am
To all thread participants: I don't get it....if you have someone on 'ignore' then fecking well ignore them, what are you afraid you are going to miss, that the ignored may say something about you? If they do, so fucking what, it doesn't matter, you are in a room full of virtual strangers you will almost certainly to a virtual certainty, never meet! It would make for a far more peaceful and therefore maybe productive thread. For fecks sake- stop it, and ignore your ignored!!
Trader with an Edge.
  • #784,637
  • Edited 11:24am Oct 19, 2023 11:12am | Edited 11:24am
Quoting Zebi
{quote} youre all giving too much influence to 2 idiot factions fighting each other...the only way the dollar goes up is if some 3rd combatant enters the picture thats a seriously bearish candle on weekly dollar chart...2 weeks from now and in hindsite since everyones good at that LOL everybody will say that was a bearish pinbar pattern LOL put whatever lines you want or indicators you use on thet weekly and see if you can make a convincing TA case price goes up the dollar may range for the week and print an inside candle but odds are it wont breakout...
Quoting Zebi
{quote} i made the top post yesterday but id like to expand on it for the pattern challenged so i posted an updated chart with text and lines since everyone likes lines in here as you can see i identified two shooting stars one at the high and the other at resistance on a weekly chart i mentioned in my combatants post a few hours ago that price may range a week or two like it did last year after the first star printed at number 1 since people are scared and dont know if a 3rd party will enter the fight so thats why i say the current...
Quoting Zebi
{quote} {quote} 2 weeks ago i made this post about dollar weekly chart and the shooting star candles so pretty much happened as i outlined...GU doin the herky jerky dance like elaine bennis in seinfeld LOL so even tho i knew price would do the inside candles i closed a long last thursday or friday for a loss because fear of price testing the shooting star high... instead of averaging down i buckled to my emotions and the stretched ranges of the weekly chart... im long from monday and added today cause we'll see 2300 on GU the dollar will fall to...

time for an update after almost 2 weeks of saying dollar is bearish ...if price closes under that shooting start close will be another sell sihnal on top of the original shooting star sell signal
tomoros close under the low will be an immediate drop

ive only taken buy signals on GU cause of the bearish dollar at the moment...it will still get to 114 in bidens second term but has to visit 104 first

even tho i "knew" the dollar would print inside candles and start falling to 104 the glacial pace of the weekly chart took hold of my emotions and i closed a few longs for losses last week losing my nerve but ive been buying the dip all this week at support level 2140...ill post a GU chart later why i picked that level
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short trump and go long the deepstate
  • #784,638
  • Oct 19, 2023 11:13am Oct 19, 2023 11:13am
Quoting Fardeen1209
{quote} He is a joke, couple more members here also deserved the ignore button. Trust me it will save you lot of headaches dealing with these creatures.
You need those for entertainment.
If not, this thread will be bored to death.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #784,639
  • Oct 19, 2023 11:14am Oct 19, 2023 11:14am
just remember boys...hammers and shooting stars or pinbars matter where they appear...the one 2 weeks ago happened at resistance so its a good signal
short trump and go long the deepstate
  • #784,640
  • Oct 19, 2023 11:14am Oct 19, 2023 11:14am
Quoting MrBullBear
{quote} ohh.. i see. He's protecting his younger brother KareemAli who cried yesterday while I embarrassed him in an attempt to bully me on another thread. They think that I'am new here.
LOL embarrassing me with losing trades ? You posted me EU sells and gold sells . Look at the price I’m ignoring you now absolutely embarrassing trader . Can’t read comments from you anymore my brain cells are diminishing
Master your mind. Master Trading.
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