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Cable Update (GBPUSD)

  • #812,381
  • Feb 28, 2024 2:49am Feb 28, 2024 2:49am
Quoting hamedsna
{quote} target reached.ma200 touched i longed small one at 400 for scalp sl 330 {image}
sl hit
  • #812,382
  • Feb 28, 2024 2:50am Feb 28, 2024 2:50am
...3 x 4hr attempts to get north of that prev 1hr/4hr/now minor dly sw hi zone = prev res = pot res that extends up to 2710.

4hr below
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Trader with an Edge.
  • #812,383
  • Feb 28, 2024 2:51am Feb 28, 2024 2:51am
Quoting dantpm
{quote} US$ has been showing a lot of strength today. Won't help the stock market indexes!
Amazon, Microsoft, Apple and Nvidia have accounted for 60% of the S&P500 gains this year. The Mag7 has become the Mag4. Bezos is selling 50,000,000 shares of Amazon. These companies will tank and down got the index. When that happen's the Fed will cut rates and start QE again.

The wheels are falling off.
  • #812,384
  • Feb 28, 2024 2:52am Feb 28, 2024 2:52am
Quoting navk
I am done today. Fabulous 8.35 %. {image} {image}
great 。well done . how about your small account ?
  • #812,385
  • Feb 28, 2024 2:53am Feb 28, 2024 2:53am
Quoting Yngwie
Long 1.2646
Crazy bears. add 1.2632
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #812,386
  • Feb 28, 2024 2:57am Feb 28, 2024 2:57am
Quoting Yngwie
{quote} Crazy bears. add 1.2632
Either this is one monster stop hunt or the US$ has just decided that it will go up today and everything else is simply liquidity!
  • #812,387
  • Feb 28, 2024 3:04am Feb 28, 2024 3:04am
...76.4% of the 2611-2710 move @ current dly lo as well as that prev 30min minor sw hi zone = prev res = pot rbs

1hr below
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Trader with an Edge.
  • #812,388
  • Feb 28, 2024 3:05am Feb 28, 2024 3:05am
Quoting Headland
{quote} Hi, none of that will happen, even if Trump is elected. There are too many 'vested interests' (He being one of them,) in the home of vested interests - the Us congress. Also there is not enough physical gold to cover the money supply today, so that can't happen.
Never say "never" or "can't". If the value of gold goes up dramatically, maybe 10-100x more than its current value, plus if they issue a dramatic cut in the amount of U.S. dollars available to Americans today, and cut off all U.S. dollars held by other countries, then our gold can cover all our national money supply that's in our banks. If you are a millionaire, your $1 Million will likely be reduced to like around $10k to $50k, but it will still have the same buying power as your former $1 Million. That's only for money held in your bank account plus cash on hand that you will hand in to the bank during this "reset". However, the value of money held in stocks, real estate, CDs, foreign currency, crypto, you name it, could vanish or be reduced to pennies on the dollars, and if you owe money, you will still need to pay it back according to the $$ amounts of the original agreement. Say, if you have a $100k loan to pay off, you will still need to pay off that $100k, which would be impossible unless the lender is willing to adjust the amount accordingly.
And we do have more gold than you realize. Of course they are not telling anyone how much gold we have. Duh...
Now, I can't say for sure what will happen to other countries holding USD cash. I don't think they will be able to cash it in. That old currency will be trash.
You cannot fail if you never give up.
  • #812,389
  • Feb 28, 2024 3:06am Feb 28, 2024 3:06am
price has hit the average daily range so i sold 3/4 of my shorts and will look to add shorts hier but i want to hear coregs ewave count first before i do anything big again
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short trump and go long the deepstate
  • #812,390
  • Feb 28, 2024 3:10am Feb 28, 2024 3:10am
Quoting Zebi
dont get me wrong guys i do enjoy reading all this apocalyptic armageddon is on our doorstep talk but isnt it somewhat self deafeating how many of you dollar permabears have lost money this past year LOL the dollars goin back up to 107 come hell or high water and the more crazy talk like we've had will make it get up there quicker LOL remember gentlemen ...price climbs a wall of worry for those that dont know what that means google it
you say this as if you haven't been shorting pound every single trading day regardless of conditions since price was at 1.20000
(LOL)
  • #812,391
  • Feb 28, 2024 3:10am Feb 28, 2024 3:10am
Quoting ScalaFX
Gold longs 2030 from yesterday and added 2028 a few
added 2026
People don't plan to lose. They lose because they don't plan.
  • #812,392
  • Feb 28, 2024 3:10am Feb 28, 2024 3:10am
Quoting 7154Superman
{quote} Never say "never" or "can't". If the value of gold goes up dramatically, maybe 10-100x more than its current value, plus if they issue a dramatic cut in the amount of U.S. dollars available to Americans today, and cut off all U.S. dollars held by other countries, then our gold can cover all our national money supply that's in our banks. If you are a millionaire, your $1 Million will likely be reduced to like around $10k to $50k, but it will still have the same buying power as your former $1 Million. That's only for money held in your bank...
They seem like pretty fanciful 'what if's' right now, but yeh, on the basis that something will have to happen at some point, that scenario could be it. Re gold, about 14yrs ago the German Govt asked for the gold that the U.s was holding for them in Fort Knox (since before WW2) back, the U.s Govt said they'd need 7 years notice (!) Lol, - does that tell you something? It still hasn't been returned. Maybe the reason Fort Knox is so heavily guarded is that it's empty.
Trader with an Edge.
  • #812,393
  • Feb 28, 2024 3:13am Feb 28, 2024 3:13am
Quoting Mitiblotch
Range trade is uselrss if you don't enter at the right place. However, I must note that price will take out 2710. It's as clear as daylight to me no matter how much they try to hide it.
You still think so?
You cannot fail if you never give up.
  • #812,394
  • Feb 28, 2024 3:14am Feb 28, 2024 3:14am
Quoting billGU
{quote} you say this as if you haven't been shorting pound every single trading day regardless of conditions since price was at 1.20000 (LOL)

ive just been bearish and shorting GU every chance i got since january 2nd or 3rd when the dollar pissed on saudis head for joining the brics LOL...dont tell me you forgot that billyboy?

there were some countertrend longs i took but got out of those quick

how about you post some trades or views or analysis or you gona stay a dipshit like your buddy nubchuck and not offer anything worthwile to the room
short trump and go long the deepstate
  • #812,395
  • Feb 28, 2024 3:17am Feb 28, 2024 3:17am
Quoting Zebi
dont get me wrong guys i do enjoy reading all this apocalyptic armageddon is on our doorstep talk but isnt it somewhat self deafeating how many of you dollar permabears have lost money this past year LOL the dollars goin back up to 107 come hell or high water and the more crazy talk like we've had will make it get up there quicker LOL remember gentlemen ...price climbs a wall of worry for those that dont know what that means google it
Hi. Do you seriously not see any threats (I'm not saying they are necessarilly imminent) to the hegemony of the U.s dollar as the world's reserve currency, and indeed the stability of the $ itself?
Trader with an Edge.
  • #812,396
  • Feb 28, 2024 3:18am Feb 28, 2024 3:18am
Quoting Headland
{quote} They seem like pretty fanciful 'what if's' right now, but yeh, on the basis that something will have to happen at some point, that scenario could be it. Re gold, about 14yrs ago the German Govt asked for the gold that the U.s was holding for them in Fort Knox (since before WW2) back, the U.s Govt said they'd need 7 years notice (!) Lol, - does that tell you something? It still hasn't been returned. Maybe the reason Fort Knox is so heavily guarded is that it's empty.
It's not in Fort Knox anymore. LoL. It's in a top secret location, impossible to penetrate. And yes, they kept it because of this plan I mentioned in my previous comment. Then when gold is valued way up, we will settle up our debt with other countries for pennies on the dollar.
You cannot fail if you never give up.
  • #812,397
  • Feb 28, 2024 3:18am Feb 28, 2024 3:18am
Quoting dantpm
{quote} Either this is one monster stop hunt or the US$ has just decided that it will go up today and everything else is simply liquidity!
quite possibly! We do get one day in the week where things go a bit Pete Wong. Usually Wednesday or Thursday

if this is a liquidity grab then judging by the drop we could see a bigger bounce. 127 been very strong for a while and like Teflon bounced off
Insane in the Brain..
  • #812,398
  • Feb 28, 2024 3:19am Feb 28, 2024 3:19am
Quoting ScalaFX
{quote} added 2026
not adding gu?
dont teach me how to buy. im sellers!!
  • #812,399
  • Feb 28, 2024 3:21am Feb 28, 2024 3:21am
GBP/USD
1.256 D1 S3, W1 S1.
1.246 W1 S2,

USD/JPY

Last Resistance @ 151.
  • #812,400
  • Feb 28, 2024 3:23am Feb 28, 2024 3:23am
Quoting billGU
{quote} you say this as if you haven't been shorting pound every single trading day regardless of conditions since price was at 1.20000 (LOL)
I remember you saying that the DXY was going to 1.12 and gold was going to 1600 late last year.
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