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Cable Update (GBPUSD)

  • #812,001
  • Feb 27, 2024 3:08am Feb 27, 2024 3:08am
Quoting MrFanciful
This dollar selling seems unrelenting. I would say that maybe the markets have woken up to their Ponzi scheme but I doubt it.
Hi. Lol, absolutely. I think they/we all know it's a Ponzi scheme, but to admit it publicly will start to erode the very necessary component of the whole financial system - confidence!

If Trump wins in November he has already said during one of the 'debt ceiling' crises recently, that the U.s may as well default, it's going to some time. or words to that effect. Of course this was partly political cause it was whilst Biden is in office. I wonder whether he might so cavalier if he is back in office, and we get another debt ceiling crisis/stand-off? (By the way, I was wrong about him getting in, and Brexit [thought both would never happen,] but barring a catastrophe I predict he won't get back in if he is the GOP nominee. He's lost the independents, [ particularly surburban housewives apparently,] and those that held their nose and voted for him in 2020 probably won't in 2024, particularly if convicted in one of the criminal cases.)
Trader with an Edge.
  • #812,002
  • Feb 27, 2024 3:11am Feb 27, 2024 3:11am
Quoting MrFanciful
{quote} Yes and no. If you are on the 40% tax bracket. Rather than paying 40% tax and about 12% NI now, you will pay no tax on the pension you receive up to the basic threshold of £12,500 and 20% up to the higher threshold of, I think, £50,000.

Which is probably why you need an accountant to work out the math. Canada doesn't have a pension income tier of taxation. There are tax breaks for seniors but that is a different beast. It all depends on how much trading income you have and what the tax rules are. The rules that apply to Hoda and his million dollar gain last week won't be the same for 'everyone' in the room!
  • #812,003
  • Feb 27, 2024 3:14am Feb 27, 2024 3:14am
I try to long with target 1.27462
Like me, cuts losses quickly. But has more patience and lets his winn
  • #812,004
  • Feb 27, 2024 3:14am Feb 27, 2024 3:14am
Quoting Headland
{quote} Hi. Lol, absolutely. I think they/we all know it's a Ponzi scheme, but to admit it publicly will start to erode the very necessary component of the whole financial system - confidence!

They have a debt burden that can't be repaid according to some economist and maybe their hoping that if they hold out long enough some of the countries doing really well will fall over?
Or maybe they realise the only way out is hyper inflation, collapse the dollar and bring in these CBDCs

Whatever happens we just do our best to take money from the pot
Don't Leave Money on the Table
  • #812,005
  • Feb 27, 2024 3:18am Feb 27, 2024 3:18am
Quoting HaLBot
{quote} They have a debt burden that can't be repaid according to some economist and maybe their hoping that if they hold out long enough some of the countries doing really well will fall over? Or maybe they realise the only way out is hyper inflation, collapse the dollar and bring in these CBDCs Whatever happens we just do our best to take money from the pot
Why do you think the US is so anxious to start a war with China or Russia?
The other option is to admit that they have f----d up their economy and start raising taxes to at least pay for current expenditures and interest on their debt.
No federal politicians in the US will support increased taxation.
  • #812,006
  • Feb 27, 2024 3:19am Feb 27, 2024 3:19am
Short 1.26855 SL 1.27022
  • #812,007
  • Feb 27, 2024 3:21am Feb 27, 2024 3:21am
Quoting dantpm
{quote} Why do you think the US is so anxious to start a war with China or Russia? The other option is to admit that they have f----d up their economy and start raising taxes to at least pay for current expenditures and interest on their debt. No federal politicians in the US will support increased taxation.

Yep they have royally screwed up their country and I say vote for Zebi in November for the Presidency to put things right

Nubcake for Vice President
Don't Leave Money on the Table
  • #812,008
  • Feb 27, 2024 3:22am Feb 27, 2024 3:22am
Quoting Ferna
{quote} Can americans get rid of their citizenship? I found it funny that the TikTok CEO hasn’t applied for american citizenship even due his wife and children are american. Is EU and U.S citizenship the most disadvantageous? https://www.youtube.com/shorts/HHunm6I1t34
Yes
https://ustaxlaw.ca/renouncing-us-ci...0documentation.

They just make it harder for you to go back to the US to visit.
  • #812,009
  • Feb 27, 2024 3:22am Feb 27, 2024 3:22am
come on mister 1.26895
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yes yes yes
  • #812,010
  • Feb 27, 2024 3:24am Feb 27, 2024 3:24am
Cable getting worse, bouncing between 2685 and 2695
Don't Leave Money on the Table
  • #812,011
  • Feb 27, 2024 3:25am Feb 27, 2024 3:25am
Let's go for 1100 $ equity
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yes yes yes
  • #812,012
  • Feb 27, 2024 3:25am Feb 27, 2024 3:25am
Quoting TraderFX.Id
tempting to.short gold 2039 sl 2045
closed 2037
dont teach me how to buy. im sellers!!
  • #812,013
  • Feb 27, 2024 3:26am Feb 27, 2024 3:26am
Quoting HaLBot
Cable getting worse, bouncing between 2685 and 2695
The market is working to fund the next move.
You will either be a part of the move or a part of the liquidity to fund the move.
  • #812,014
  • Feb 27, 2024 3:28am Feb 27, 2024 3:28am
... 2 x failed up to 30min attempts to get north of the Asian hi now, with close of this 30min candle in a minute or so.

By the way, I always think the best 'technical' signal we ever get (although not technical in a TA sense,) is when the price is in the top right corner or bottom right corner, and then the chart adjusts to make more room to the upside or downside respectively, lol!

1hr below
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Trader with an Edge.
  • #812,015
  • Feb 27, 2024 3:29am Feb 27, 2024 3:29am
Quoting HaLBot
Cable getting worse, bouncing between 2685 and 2695
ema 200 M5 at 2682,, if cannot close below 2680 , it will always bounce up and down until news later
dont teach me how to buy. im sellers!!
  • #812,016
  • Feb 27, 2024 3:32am Feb 27, 2024 3:32am
Quoting TraderFX.Id
{quote} ema 200 M5 at 2682,, if cannot close below 2680 , it will always bounce up and down until news later

Typical, just after I posted it started to move lower no doubt when Moty laid down a yard
Don't Leave Money on the Table
  • #812,017
  • Feb 27, 2024 3:38am Feb 27, 2024 3:38am
Quoting HaLBot
{quote} Typical, just after I posted it started to move lower no doubt when Moty laid down a yard
and its bouncing again
dont teach me how to buy. im sellers!!
  • #812,018
  • Feb 27, 2024 3:40am Feb 27, 2024 3:40am
still in tokio range jeez
chaos is just unknown order
  • #812,019
  • Feb 27, 2024 3:41am Feb 27, 2024 3:41am
Quoting dantpm
{quote} Which is probably why you need an accountant to work out the math. Canada doesn't have a pension income tier of taxation. There are tax breaks for seniors but that is a different beast. It all depends on how much trading income you have and what the tax rules are. The rules that apply to Hoda and his million dollar gain last week won't be the same for 'everyone' in the room!
Millies a week probably trade his account under a LLC.
More time in the market, does not mean you trade better!
  • #812,020
  • Feb 27, 2024 3:43am Feb 27, 2024 3:43am
Quoting Fardeen1209
{quote} Millies a week probably trade his account under a LLC.
One of the problems I would like to have!
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