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Cable Update (GBPUSD)

  • #811,321
  • Feb 22, 2024 10:53pm Feb 22, 2024 10:53pm
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yes yes yes
  • #811,322
  • Feb 22, 2024 10:59pm Feb 22, 2024 10:59pm
Cable just want to go up only…. Daily candle showing signs of testing yesterday highs or going beyond… just a feeling .. as it is friday we can have both sides moves
Extreme gut feeling trader
  • #811,323
  • Feb 22, 2024 11:32pm Feb 22, 2024 11:32pm
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Bought:
gbpusd SL ~ / TP 1.27365
nq100 SL ~ / TP ~
dj30 SL ~ / TP ~
  • #811,324
  • Feb 22, 2024 11:43pm Feb 22, 2024 11:43pm
Looks to me like we are heading to 2750/28 region.
A daily close above 1.28 and I'd say the bears are done.
Actually, if we close this week above 1.27, I think the bears are done for a long time.
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Compulsions can be hard to resist
  • #811,325
  • Feb 22, 2024 11:46pm Feb 22, 2024 11:46pm
Quoting Pat Chiko
{quote} INDEXES Well, well, well, isn't the start of 2024 turning out to be a real head-scratcher? I mean, indexes are shooting up like it's a retro party back in the early 2000s, and forex? Oh, don't even get me started! Everything seems to be on the rise! DXY, GU, EU... they're all taking turns to skyrocket! This market is giving me serious "Twilight Zone" vibes, I tell ya. Someone needs to have a chat with the Best Trader Ever V8.1 and kindly request him to put things back to normal, pronto! {image} {image}{image}
An observation.
Look at the US debt 2000 vs 2024 and the stock market indexes 2000 vs 2024...
There appears to be a strong correlation!

What happens next? No clue.
There is the bubble!
So far the US is able to support the interest payments by increasing the debt and the world appears to be following suit.
You have Europe, North America, Australia, New Zealand and a few more copying the US model these days.
You also have the BRICs trying to move away from it.
  • #811,326
  • Feb 22, 2024 11:53pm Feb 22, 2024 11:53pm
if 2655 break i see 2610 will be test again today
dont teach me how to buy. im sellers!!
  • #811,327
  • Feb 22, 2024 11:54pm Feb 22, 2024 11:54pm
Quoting dantpm
{quote} An observation. Look at the US debt 2000 vs 2024 and the stock market indexes 2000 vs 2024... There appears to be a strong correlation! What happens next? No clue. There is the bubble! So far the US is able to support the interest payments by increasing the debt and the world appears to be following suit. You have Europe, North America, Australia, New Zealand and a few more copying the US model these days. You also have the BRICs trying to move away from it.
Of course, Debt and money printing in the US is the norm. No one any longer has the stomach for a depression. It's all too sanitized now for such a scenario.
Compulsions can be hard to resist
  • #811,328
  • Feb 22, 2024 11:57pm Feb 22, 2024 11:57pm
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yes yes yes
  • #811,329
  • Feb 22, 2024 11:58pm Feb 22, 2024 11:58pm
We will get nothing but dips now.
It's all go for north.

There comes a point where putting on the breaks, is just no longer an option.
Once you are in an economic corner like the world is now, you can only fight your way out of it. You can't just stay there and take the hits, as they keep coming, and coming and coming, harder and harder.

Unless you're Ali
Compulsions can be hard to resist
  • #811,330
  • Feb 23, 2024 12:00am Feb 23, 2024 12:00am
despite the slight updraft, it remains attached to the pink clouds
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trading is like dancing, don't think and just listen to the music!
  • #811,331
  • Feb 23, 2024 12:10am Feb 23, 2024 12:10am
Took short gu
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yes yes yes
  • #811,332
  • Feb 23, 2024 12:32am Feb 23, 2024 12:32am
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Tatargaluh parahiyangan
  • #811,333
  • Feb 23, 2024 12:40am Feb 23, 2024 12:40am
Quoting trumps
{quote} Of course, Debt and money printing in the US is the norm. No one any longer has the stomach for a depression. It's all too sanitized now for such a scenario.
Debt has a presumption of repayment. There is no possibility of repayment of the US debt! What this is, is money supply being financed by tax payers with pseudo interest payments as the rich get richer and the middle class disappears. The BRIC objection to this is the flow of wealth to Europe and North America.
  • #811,334
  • Feb 23, 2024 12:42am Feb 23, 2024 12:42am
im shorting..and lord moty start shorting too..
should i little worries now..
dont teach me how to buy. im sellers!!
  • #811,335
  • Feb 23, 2024 12:48am Feb 23, 2024 12:48am
Quoting TraderFX.Id
im shorting..and lord moty start shorting too.. should i little worries now..

The EU and DXY aren't helping any right now. Gold was dropping but appears to be wanting to move higher. 30 minute appears to be trying to turn. 1 hr and 4 hr appear to be weakening. Might be too soon to decide. I will see what happens after Frankfurt opens.
  • #811,336
  • Feb 23, 2024 12:51am Feb 23, 2024 12:51am
Quoting dantpm
{quote} Debt has a presumption of repayment. There is no possibility of repayment of the US debt! What this is, is money supply being financed by tax payers with pseudo interest payments as the rich get richer and the middle class disappears. The BRIC objection to this is the flow of wealth to Europe and North America.

The world turning away from the US and so they should when you have a country run by clowns....so very sad to see how far down America has fallen
Don't Leave Money on the Table
  • #811,337
  • Feb 23, 2024 12:59am Feb 23, 2024 12:59am
Quoting dantpm
{quote} An observation. Look at the US debt 2000 vs 2024 and the stock market indexes 2000 vs 2024... There appears to be a strong correlation! What happens next? No clue. There is the bubble! So far the US is able to support the interest payments by increasing the debt and the world appears to be following suit. You have Europe, North America, Australia, New Zealand and a few more copying the US model these days. You also have the BRICs trying to move away from it.
Let's face it, they're playing a game they know well.
It's an election year, and they're pulling out all the stops to help Biden get reelected.

But at the same time, they're getting things ready for a big crash and introducing CBDCs (Central Bank Digital Currencies).
It's like we're all on the Titanic, pretending everything's fine while the ship is actually taking on water fast.

When the Powell Fed's only true mandate is enriching the ultra-rich, this is "smooth market functioning"!
They really DGAF about how high your rent or grocery bills are.

BTW
Me wondering is buying the securities and futures contracts?
Simple question.
Is is Powell or Yellen? Someone is.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #811,338
  • Edited 1:20am Feb 23, 2024 1:00am | Edited 1:20am
Quoting HaLBot
{quote} The world turning away from the US and so they should when you have a country run by clowns....so very sad to see how far down America has fallen
Dementia Joe is best suited for retirement. Both Biden and Trump should be in jail for various criminal acts and yet these two are the leading candidates for president!
  • #811,339
  • Edited 1:36am Feb 23, 2024 1:07am | Edited 1:36am
Quoting Pat Chiko
{quote} Let's face it, they're playing a game they know well. It's an election year, and they're pulling out all the stops to help Biden get reelected. But at the same time, they're getting things ready for a big crash and introducing CBDCs (Central Bank Digital Currencies). It's like we're all on the Titanic, pretending everything's fine while the ship is actually taking on water fast. When the Powell Fed's only true mandate is enriching the ultra-rich, this is "smooth market functioning"! They really DGAF about how high your rent or grocery bills...
The greatest 'tool' for separating the middle class from their savings and wealth these days is urban intensification. People are being encouraged to invest and move into condos with an 80 (?) year lifespan (All buildings over 10 stories tall have fixed lifespans that typically range from 60 to 80 years and then they have to be torn down, it is in the building engineering specs). What happens after 80 years? Well the last investor (?) owns some air where a new condo will be built. Works as long as you aren't the last person holding the deed!
  • #811,340
  • Feb 23, 2024 1:17am Feb 23, 2024 1:17am
Quoting Pat Chiko
{quote} Let's face it, they're playing a game they know well. It's an election year, and they're pulling out all the stops to help Biden get reelected. But at the same time, they're getting things ready for a big crash and introducing CBDCs (Central Bank Digital Currencies). It's like we're all on the Titanic, pretending everything's fine while the ship is actually taking on water fast. When the Powell Fed's only true mandate is enriching the ultra-rich, this is "smooth market functioning"! They really DGAF about how high your rent or grocery bills...

the fact is that a hot stock market can stay in the bubble for years and the more people go short, the more it rises.

but you all know that here anyway;-)
trading is like dancing, don't think and just listen to the music!
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