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Cable Update (GBPUSD)

Things have changed in line with the chart, that I read.

1.2297 is high for tomorrow.

From there a good drop is to be expected for Friday.

1.2200 or more ?

Let me not predict.

The daily view has changed now for me. BEARISH
Intraday only.
Quoting Pat Chiko
{quote} The more Fed Chair Jay Powell speaks : US central bank is done with rate hikes in this economic cycle. US 2-year yields plunge. Jerry games, : never try and guess what’s he’s thinking. There will be hawkish fed speak soon to talk this back down .. it’s a game called "Jerry Games". The feels temporary, let's see how the USD stand up. The deficits will keep going up, and the debt too
Since the US moved off of the gold standard it has been obvious that the US debt would never be repaid. The only question is what replaces the current system and when? How long will the planet allow the US debt to simply grow?
Quoting hoda
{quote} GU: H4 Well Supported with MA + Trend line + 50% Fibo. {image}

thanks hoda for your input,


here's my reason why I'm so confident to holding my short positions even though I survived in a state of tossing and turning

Attached Image (click to enlarge)
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Real Time --- t.me/FXGoldWatch
Quoting eyefeelsix
{quote} thanks hoda for your input, here's my reason why I'm so confident to holding my short positions even though I survived in a state of tossing and turning {image}
HODA and eyefeelsix are my best buddies here.

This time, I go with eyefeelsix as your chart coinsides with mine.
Intraday only.
Quoting navk
{quote} HODA and eyefeelsix are my best buddies here. This time, I go with eyefeelsix as your chart coinsides with mine.
thanks navk keep going, you are a pioneer and motivation for prop trading here, that way everyone will get used to managing trades well
Real Time --- t.me/FXGoldWatch
Quoting navk
Things have changed in line with the chart, that I read. 1.2297 is high for tomorrow. From there a good drop is to be expected for Friday. 1.2200 or more ? Let me not predict. The daily view has changed now for me. BEARISH
Don't say that friend I'm buyer please send him up
Quoting kelvinftg
{quote} Price gets there and you might as well forget about any trigger for longs. Momentum will be gone and it will just continue on downwards to October' low.
Not so fast sir. My entries are done on an everyday basis. My trades are highly dynamic and that's a reason I am profitable. As in, very profitable. Tomorrow my entry for long will change. But as for long, I will be long November and December from strategic places. I will also scalp shorts from strategic places.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Quoting navk
{quote} HODA and eyefeelsix are my best buddies here. This time, I go with eyefeelsix as your chart coinsides with mine.
I felt jelous good trading Boss
People don't plan to lose. They lose because they don't plan.
Quoting eyefeelsix
{quote} thanks hoda for your input, here's my reason why I'm so confident to holding my short positions even though I survived in a state of tossing and turning {image}
perfect low risk entry
People don't plan to lose. They lose because they don't plan.
Quoting dantpm
{quote} Since the US moved off of the gold standard it has been obvious that the US debt would never be repaid. The only question is what replaces the current system and when? How long will the planet allow the US debt to simply grow?
Default is inevitable.
A systematic breakage at all levels before USA can ever make it to 2026.

Putting into perspective.

How much interest on repayment
Interest payments on the $33.7 trillion in US national debt is now annualized at over $1.0 trillion per year.
This is the 2nd largest item in the budget, behind only social security. Interest on the debt is now more than Defense.

With $6 trillion in debt maturing in the next 12 months, much of that old debt at 1% to 2% rates will have to rollover and be refinanced at the current rates of 5%. 12 months from now, if rates are 5% or higher, we will likely be paying $1.3 trillion per year in interest on the debt.

If the debt grows to $40 trillion within 2 years and it all gets refinanced at 5% or higher, interest payments on the debt could be $2 trillion per year by 2026.
Attached Image (click to enlarge)
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How much income US have (income)

All personal income taxes collected in the USA is only about $2.5 trillion per year.
Total government revenue from all sources is around $5 trillion per year.

The only way is to steal from US citizen retirement accounts,
In pretext that, they (US Govt) will take the accounts with a promise of a future check.

The other way is up the at least 80% taxes...
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He knows all......

And the best of all, Bidenomics has been funding 2 wars and got USA into this mess.
Attached Image (click to enlarge)
Click to Enlarge Name: no need.jpeg Size: 51 KB


Lastly, I don't see a way out of this without tearing USA apart.
Continually raising taxes and devaluing the dollar will destroy what remains of the middle class.
Cutting benefits will anger those addicted to government handouts.

Even those who are rich in paper (unrealized gains) can lose everything.
Hyperinflation, bank defaults, job losses, etc. will lead to poverty, anger, and desperation.
And desperate men do desperate things.

Well guys,...................... it was fun while it lasted.

2026
I come from the future.
those shorting atm


did you notice tomorrow can be 1st green day of the week so far we have none..


just opinion
MY OPINION NOT FINANCIAL ADVISE
Quoting ScalaFX
{quote} perfect low risk entry
Hi scala, how many cigarettes do you smoke in one day Cheers
Real Time --- t.me/FXGoldWatch
Quoting Pat Chiko
{quote} Default is inevitable. A systematic breakage at all levels before USA can ever make it to 2026. Putting into perspective. How much interest on repayment Interest payments on the $33.7 trillion in US national debt is now annualized at over $1.0 trillion per year. This is the 2nd largest item in the budget, behind only social security. Interest on the debt is now more than Defense. With $6 trillion in debt maturing in the next 12 months, much of that old debt at 1% to 2% rates will have to rollover and be refinanced at the current rates of...

wow...wallstreetsilver a bigger bearish nut than tyler durden at zerohedge LOL

thanks ill read this guy for amusement tonight

https://twitter.com/WallStreetSilv/s...72013757353987
TDS is a beautiful thing Halbot
Why the massive drop? Data or news?
Insane in the Brain..
Quoting Whale
Not sure how long the support will hold. i start shorting based on 1h short 1.2281
Quoting eyefeelsix
{quote} Hi scala, how many cigarettes do you smoke in one day Cheers
I smoke Icos, thats electronic one about 10
People don't plan to lose. They lose because they don't plan.
Quoting BeeTogether
Why the massive drop? Data or news?
Yeah i wonder what's going on
Trend following
Quoting Pat Chiko
{quote} Default is inevitable. Well guys,...................... it was fun while it lasted. 2026
Hey Pat you got some extra rooms I can rent in 2024?
Quoting BeeTogether
Why the massive drop? Data or news?
Check out this link on the latest auction and note what was tendered and what was accepted:
https://www.treasurydirect.gov/insti...20231108_2.pdf

An awful lot of the treasury notes offered were not purchased!
Is it because of Treasury Auction Results? Can anybody explain?
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