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Cable Update (GBPUSD)

  • #807,501
  • Feb 5, 2024 9:46am Feb 5, 2024 9:46am
Quoting Mors55
I think something very important to see is the volume of all the trade ! they never give us so easy money when everyone take one side but this is only my opinion. {image}
I’m sorry but this was so clear that what happened today from my side
  • #807,502
  • Feb 5, 2024 9:48am Feb 5, 2024 9:48am
Quoting Bones
The FED raise interest rates to lower money in circulation as does every central bank.
The fed raises rates to support the issue of more debt which increases the money supply.
If when the debt matures, fewer notes are offered, this puts demand on the existing money supply which is what I was theorizing.
  • #807,503
  • Feb 5, 2024 9:49am Feb 5, 2024 9:49am
WOW, today GU is so unusual. must be some kind of official scheme trending move.
Consistency is important. Everyone all has some of their days. Today is mine
  • #807,504
  • Feb 5, 2024 9:49am Feb 5, 2024 9:49am
Quoting 7154Superman
{quote} Another wonderful trading day and week for me. I didn't have much time to scalp or chat yesterday and today. I ended up getting mostly short drawdown yesterday, then today was redemption. I still have lots of taxi work to do for the rest of the day, so now I closed all positions for today and this week. Will start over fresh on Monday. Vacation time!! Trade Explorer update is in process now. Live accounts start with $100 and Demo $100k. Current Net Equity results from best to worst: #1 Live $165.66 (+65.66%) (23 trading days) #7 Live...
A wonderful start to the new week so far. Finally closed all my EUR/USD shorts, and opened a 7th long position at 1.07253.
About time for a retrace back to 1.08+ area.
I have also reached +100% ROI on my #11 Demo account, now replaced by #9 Live. Only 2 more demo accounts remaining.

My total net equity did get reduced a little bit today because I started adding longs early, then price kept dropping while being only partially hedged with shorts.

Live accounts start with $100 and Demo $100k.
Current Net Equity results from best to worst:

#1 Live $165.66 (+65.66%) (24 trading days)
#7 Live $149.43 (+49.43%) (13 trading days)
#6 Live $144.56 (+44.56%) (13 trading days)
#2 Live $144.45 (+44.45%) (18 trading days)
#4 Live $144.39 (+44.39%) (14 trading days)
#8 Live $140.08 (+40.08%) (5 trading days)
#9 Live $92.69 (-7.31%) (1 trading day)
#3 Live $91.65 (-8.35%) (16 trading days)
#5 Live $83.01 (-16.99%) (14 trading days)

Combined results for live accounts:
Deposit = $900.00
Net Equity = $1,155.92
Profit +$255.92 (+28.44%) (1-24 trading days)

#9 Demo $172,871 (+72.87%) (9 trading days)
#8 Demo $126,470 (+26.47%) (22 trading days)

Combined results for demo accounts:
Deposit = $200,000
Net Equity = $299,341
Profit = $99,341 (+49.67%) (9-22 trading days)

Overall equivalent results of Live and Demo accounts combined (Demo to $200k + Live %)
Deposit = $1,100,000
Net Equity = $2,611,261
Profit = $1,511,261 (+137.39%) (9-49 trading days)
Average 25.18 trading days per account (Demo + Live combined)
Average +3.49% ROI per trading day compounded.
You cannot fail if you never give up.
  • #807,505
  • Feb 5, 2024 9:49am Feb 5, 2024 9:49am
Uj soon to blow the 148.80
was better to hold that one.

will reload hopefully on the retest of this area if/once broken
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90% of traders use TA, indicators and prediction
  • #807,506
  • Feb 5, 2024 9:53am Feb 5, 2024 9:53am
Government debt, with record government spending
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #807,507
  • Feb 5, 2024 9:53am Feb 5, 2024 9:53am
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yes yes yes
  • #807,508
  • Feb 5, 2024 9:54am Feb 5, 2024 9:54am
No long before the hma turns blue
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yes yes yes
  • #807,509
  • Feb 5, 2024 9:54am Feb 5, 2024 9:54am
Just a reminder of what is going on on Daily chart.
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90% of traders use TA, indicators and prediction
  • #807,510
  • Feb 5, 2024 9:59am Feb 5, 2024 9:59am
Quoting Bones
Government debt, with record government spending {image}

I agree that the US government has both a debt and a spending problem.

Here is an article about the FED shrinking its balance sheet. Reducing the bond supply is just one way of achieving this.
https://www.richmondfed.org/publicat...ederal_reserve

Essentially the FED balance sheet is greater than the FED spending debt level. It's the difference between the spending (current and past) and the total debt level that can be adjusted.
  • #807,511
  • Feb 5, 2024 10:01am Feb 5, 2024 10:01am
Done for the day
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Master your mind. Master Trading.
  • #807,512
  • Feb 5, 2024 10:04am Feb 5, 2024 10:04am
The bulls failed at 9 pm est on sunday.

Failed again today 9 am est ( monday )

Now, wait for 12 noon to 1am est 4hr candle.

Most likely to reverse.

It needs to retrace/reverse.

A straight 2772 to 2520 is big range. 252 pips.

I do not know what people say...imbalance ?
Intraday only.
  • #807,513
  • Feb 5, 2024 10:05am Feb 5, 2024 10:05am
Quoting Luxyus
{quote} extending TP2 on weekly MA50 @1.2515
closed @1.2518 and done for today. Nice loot for a silly monday
chaos is just unknown order
  • #807,514
  • Feb 5, 2024 10:07am Feb 5, 2024 10:07am
Quoting dantpm
{quote} I agree that the US government has both a debt and a spending problem. Here is an article about the FED shrinking its balance sheet. Reducing the bond supply is just one way of achieving this. https://www.richmondfed.org/publicat...ederal_reserve Essentially the FED balance sheet is greater than the FED spending debt level. It's the difference between the spending (current and past) and the total debt level that can be adjusted.
Yes the FED has been unwinding, they let that debt roll-off, the UK is the same but they are also selling bonds.
But that debt rolling off has to be brought by someone else because the US and UK have government deficit spending...
Either way, central banks are not in charge of money in circulation however you cut it.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #807,515
  • Feb 5, 2024 10:07am Feb 5, 2024 10:07am
Quoting navk
The bulls failed at 9 pm est on sunday. Failed again today 9 am est ( monday ) Now, wait for 12 noon to 1am est 4hr candle. Most likely to reverse. It needs to retrace/reverse. A straight 2772 to 2520 is big range. 252 pips. I do not know what people say...imbalance ?
been watching
  • #807,516
  • Feb 5, 2024 10:09am Feb 5, 2024 10:09am
Quoting Luxyus
{quote} closed @1.2518 and done for today. Nice loot for a silly monday
Lolz... .
Congratulations
  • #807,517
  • Feb 5, 2024 10:12am Feb 5, 2024 10:12am
Quoting Bones
{quote} Yes the FED has been unwinding, they let that debt roll-off, the UK is the same but they are also selling bonds. But that debt rolling off has to be brought by someone else because the US and UK have government deficit spending... Either way, central banks are not in charge of money in circulation however you cut it.
Pretty sure the FED does control money in circulation:
https://www1.udel.edu/htr/American/T...%20circulation.

Specifically:
The Federal Reserve System manages the money supply in three ways:
Reserve ratios. Banks are required to maintain a certain proportion of their deposits as a "reserve" against potential withdrawals. By varying this amount, called the reserve ratio, the Fed controls the quantity of money in circulation

In other countries it is the central bank that controls the money supply.
  • #807,518
  • Feb 5, 2024 10:13am Feb 5, 2024 10:13am
Commercial Banks are in charge of money creation. Not central banks.Unless QE is in operation.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #807,519
  • Feb 5, 2024 10:13am Feb 5, 2024 10:13am
Quoting Zebi
i was looking at charts and noticed that EU AU NU even bitcoin is down from their janurary levels when dollar started its boolish climb only GU has resisted its preordained death by my greenback LOL the pound wont be able to escape the same fate of this fish by hiding from the dollar LOL https://youtu.be/Zx7RpWhI8R4 even gold is much lower and thats the most manipulated instrument in the world ive been thinking all day why the BOE is keeping the pound propped up and of nothing else and came to the conclusion its political ...they doin...

dan...now that youve solved the usa money supply and spending conundrum care to comment on my question from last nite about brittains pound ....most people were prolly still nursing hangovers sunday evening and didnt want to answer so im reposting it...id really like the conspiracy theorists in the room to comment

i cant come up with a sane reason why BOE was propping up the pound all of janurary
short trump and go long the deepstate
  • #807,520
  • Feb 5, 2024 10:15am Feb 5, 2024 10:15am
Quoting dantpm
{quote} The fed raises rates to support the issue of more debt which increases the money supply. If when the debt matures, fewer notes are offered, this puts demand on the existing money supply which is what I was theorizing.
The existing money supply already tied up in other investment. Looks how brand new money joining the equities market, making it to reach new highs.

Unless FED starts QT to reduce extra liquidity.
As for us debt, many shouting (i was too) reaching $40T.
But US debt-GDP ratio is still less than 100%
Among G7 i think its only Japan has a debt-gdp ratio >100%
Many economies today are debt driven economies.
If todays economy were a company, long time ago, the latter would need to file for bankruptcy.
But they got printers.
More time in the market, does not mean you trade better!
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