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Cable Update (GBPUSD)

  • #812,401
  • Feb 28, 2024 3:26am Feb 28, 2024 3:26am
...price on dly t/f remains in the overall multi-week 2500-2828 range, and now below it's 2673 midpoint.

dly below
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Trader with an Edge.
  • #812,402
  • Feb 28, 2024 3:28am Feb 28, 2024 3:28am
Quoting 7154Superman
{quote} 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.
That's an unsubstantiated claim given that they refuse to have their gold reserves audited.

The US government will settle their debts the same way others will. They will introduce a CBDC, and then print the current currency into oblivion and pay off their debts with the money printer. In other words, they will default, just like the UK will, just like the EU countries will.
  • #812,403
  • Feb 28, 2024 3:32am Feb 28, 2024 3:32am
Quoting MrFanciful
{quote} I remember you saying that the DXY was going to 1.12 and gold was going to 1600 late last year.
I remember you losing everything and bitching about it in here late last year. (multiple times)
also, i never said either of those things
  • #812,404
  • Feb 28, 2024 3:32am Feb 28, 2024 3:32am
RBNZ sent the markets down, now let's wait for US GDP. Two game scenarios i will follow for today:

1. GDP comes hot and send the markets even lower today (which i think would be a buy the dips opportunity for the coming days)
2. GDP disappoints and price pulls back to where it was before RBNZ. (which would be an opportunity to close longs and open short positions)
You have to have an IQ higher than 90 to interact with this user.
  • #812,405
  • Feb 28, 2024 3:32am Feb 28, 2024 3:32am
A WOG (weekly open gap) is good Support and Resistance but the price is currently close to a demand zone that has to be tested at its 50% level of 1.26221, level that coincides with the equilibrium zone of the last swing.
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  • #812,406
  • Feb 28, 2024 3:33am Feb 28, 2024 3:33am
Quoting TraderFX.Id
{quote} not adding gu?
No, already filled what I want, now patience, SL or TP
People don't plan to lose. They lose because they don't plan.
  • #812,407
  • Feb 28, 2024 3:36am Feb 28, 2024 3:36am
...I've never been able to fully decide whether the U.s enjoys or endures being the world's biggest economy and superpower, and having the reserve currency. I think in the 50's/60's/70's/80's, even into the early 90's it was probably mainly the former, but as the debt pile has grown, and the politics have fractured, the costs of this doesn't help their domestic cause, not least having to maintain a very strong miltary, so maybe now it has become mainly the later? I guess like so many things, it depends on what side of the political fence you are on? Re the debt pile, the last 'fiscally responsible' president was Clinton. He returned 3 balanced budgets in his terms out the only 6 total (I think, maybe 7,?) since the founding of the republic. When he left office in the year 2000 the national debt was $4tr, and since then the wrong end of the exponentiality curve has kicked in.
Trader with an Edge.
  • #812,408
  • Feb 28, 2024 3:36am Feb 28, 2024 3:36am
Quoting Headland
{quote} 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?
ill answer later during a lull in trading cause its gona be a long post and take me awhile to type
short trump and go long the deepstate
  • #812,409
  • Feb 28, 2024 3:37am Feb 28, 2024 3:37am
Quoting MrFanciful
{quote} That's an unsubstantiated claim given that they refuse to have their gold reserves audited. The US government will settle their debts the same way others will. They will introduce a CBDC, and then print the current currency into oblivion and pay off their debts with the money printer. In other words, they will default, just like the UK will, just like the EU countries will.
Yes, that's the way the current financial system is going. However, Trump will reset everything before we come to a default. So, no CBDC, but back to the gold standard. You just watch, wait, and see.
You cannot fail if you never give up.
  • #812,410
  • Feb 28, 2024 3:38am Feb 28, 2024 3:38am
give me one reason why not
i hope buy at 1.25700
or new low 1.24950
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  • #812,411
  • Feb 28, 2024 3:39am Feb 28, 2024 3:39am
Quoting billGU
{quote} I remember you losing everything and bitching about it in here late last year. (multiple times) also, i never said either of those things
Yeah that was me.

Sorry, I clicked the wrong quote button. It was meant for Zebi.
  • #812,412
  • Feb 28, 2024 3:43am Feb 28, 2024 3:43am
Quoting nubcake
{quote} You had to take a break after a small loss because it was too much for you. Yep, sounds like you have it all figured out.
I closed all my EUR/USD shorts near 1.08, and added 3 longs for a scalp, TP = 1.083 and 1 limit short order set for 1.083, TP open.
My total profit is now at an all time high of +$513. Total Net Equity = $2,413. So, f*** you Nubdick
You cannot fail if you never give up.
  • #812,413
  • Feb 28, 2024 3:44am Feb 28, 2024 3:44am
this drop is suspicious
1.275 next or no bulls power anymore?
  • #812,414
  • Feb 28, 2024 3:45am Feb 28, 2024 3:45am
i was in late this morning, so what s better than a super fatty size scalp M1
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chaos is just unknown order
  • #812,416
  • Feb 28, 2024 3:47am Feb 28, 2024 3:47am
...price @ current dly lo has entered top of 4hr part of the prev 1hr/4hr sw lo zone that extends down to 2611, this is coexistent with further such prev sw lo zones on this (and 1hr t/f) down to 2602. 85.4% of the 2611-2710 move also @ current dly lo. 83% 30day adr traveled so far today.

4hr below (with 10/20/40 ema crosses graphic.)
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Trader with an Edge.
  • #812,417
  • Feb 28, 2024 3:47am Feb 28, 2024 3:47am
Due to speak at the FIN/SUM 2024, in Tokyo (next week)

Ueda and the whole crew will be there along with the bank heads. It's safe to say that they will talk about JPY and their next move and when that move should take place.
  • #812,418
  • Feb 28, 2024 3:48am Feb 28, 2024 3:48am
Quoting MrFanciful
{quote} Yeah that was me. Sorry, I clicked the wrong quote button. It was meant for Zebi.

yeah i was sayin a comet would have to hit earth for a gold breakout last april and may and gold fell to 1800...the 1600 target is still valid on the monthly chart fanciful...
short trump and go long the deepstate
  • #812,420
  • Feb 28, 2024 3:53am Feb 28, 2024 3:53am
Quoting BigNumbers
{quote} I switched once again! I think finding setup is better than sticking to one pair… I’m a set up trader. Once my setup appears on a pair I’ll take the trade. The setup may form on GU once in a week that would often time limit my trading/profitability
that would often time limit my trading/profitability
On the other hand, it could very well increase your profitability.
To free Gazans of Hamas, use whatever it takes.
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