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Cable Update (GBPUSD)

  • #813,661
  • Mar 4, 2024 10:45am Mar 4, 2024 10:45am
Quoting Ferna
{quote} Sorry Robin.
Hahahahaha...it's not Robin....
  • #813,662
  • Mar 4, 2024 10:46am Mar 4, 2024 10:46am
Quoting Waveskierrob
{quote} Hahahahaha...it's not Robin....
It's r..r...r...robb.b.b..bert. People think you are slow, but not because of your stutter.
Congratulations ScalaFX for coming out of the closet!
  • #813,663
  • Mar 4, 2024 10:47am Mar 4, 2024 10:47am
Quoting montygoldy
Gold shorts being smoked hard... who's shorting ... it can flying more higher......
The real losers are btc futures shorts. Everyday hundreds of millions of dollar gets liquidated and you just need to watch them crying all over twitter.
Little they know with just FED rate June cut speculation and reduction in QT, push price all these way, wait untill halving and QE starts, with etfs approval, we will see next stop to $90-112k this year.
More time in the market, does not mean you trade better!
  • #813,664
  • Mar 4, 2024 10:48am Mar 4, 2024 10:48am
Quoting Ferna
{quote} Beat trader 8.0?
You better believe it ...
  • #813,665
  • Mar 4, 2024 10:49am Mar 4, 2024 10:49am
Quoting nubcake
{quote} It's r..r...r...robb.b.b..bert. People think you are slow, but not because of your stutter.
How did you know that I have a stutter... that's scary
  • #813,666
  • Mar 4, 2024 10:52am Mar 4, 2024 10:52am
Quoting Nordling
{quote} I agree that headline numbers don't hold much value for too long. Which is why i prefer to breakdown the inflation report itself and try to come up with my own conclusion instead of the headline number. Like this: {image} So now i see a deflationary report. But the headline number was higher than expected. Headline indicated it's inflationary, but the report itself looks deflationary to me. Which is why i had short bias against dollar after i saw this report.
Nice. I can't say i fully understand. Do you trade pre-market? Also does this analysis point to dollar rising today?
I sold gbpusd and made profit but got greedy and sold again because no news to mess up the trade...it should have paid off but i messed up my lines a bit...and turns out gold wanted to spike it was just waiting for me to bet against it lol.
I trade measured breakouts, and post market news. And combine them at times.
Teerex
  • #813,667
  • Mar 4, 2024 11:03am Mar 4, 2024 11:03am
Quoting Nordling
{quote} I agree that headline numbers don't hold much value for too long. Which is why i prefer to breakdown the inflation report itself and try to come up with my own conclusion instead of the headline number. Like this: {image} So now i see a deflationary report. But the headline number was higher than expected. Headline indicated it's inflationary, but the report itself looks deflationary to me. Which is why i had short bias against dollar after i saw this report.
Again ..not sure i understand...but i know gdp figure alone has little effect on anything. And CPI news for last month was positive for USD. So even if these had a long standing effect I'm expecting usd to be strong not weak.
Teerex
  • #813,668
  • Mar 4, 2024 11:04am Mar 4, 2024 11:04am
DXY H1
if we stay in the descending channel, we can go lower below the red line... (usd can go lower)
Attached Image (click to enlarge)
Click to Enlarge Name: dx.jpg Size: 394 KB
Trendlines H1,H4, SMC
  • #813,669
  • Mar 4, 2024 11:06am Mar 4, 2024 11:06am
Quoting FulMargnAlch
Looks like a pullback. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 18 KB
The market hides a perfect geometry.
  • #813,670
  • Mar 4, 2024 11:07am Mar 4, 2024 11:07am
Quoting Pat Chiko
{quote} I prefer the Sultans Of Swing https://www.youtube.com/watch?v=h0ffIJ7ZO4U
Bloodbath on Gold today
WARNING: This post warps space and time in its vicinity.
  • #813,671
  • Mar 4, 2024 11:12am Mar 4, 2024 11:12am
Another indicator of bull run this year
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20240304_211155.jpg Size: 82 KB
More time in the market, does not mean you trade better!
  • #813,672
  • Mar 4, 2024 11:12am Mar 4, 2024 11:12am
EURUSD H1

trendlines

if we stay above red line, we can touch green line...
Attached Image (click to enlarge)
Click to Enlarge Name: dx.jpg Size: 452 KB
Trendlines H1,H4, SMC
  • #813,673
  • Mar 4, 2024 11:13am Mar 4, 2024 11:13am
Quoting WizardTrade
{quote} Bloodbath on Gold today
Any other assets moving crazy? I see only gold and bitcoin
Teerex
  • #813,674
  • Mar 4, 2024 11:29am Mar 4, 2024 11:29am
Well that's www...www.w.work finished with time for a bbb.bb.beer...
  • #813,675
  • Mar 4, 2024 11:32am Mar 4, 2024 11:32am
Quoting Fardeen1209
{quote} The real losers are btc futures shorts. Everyday hundreds of millions of dollar gets liquidated and you just need to watch them crying all over twitter. Little they know with just FED rate June cut speculation and reduction in QT, push price all these way, wait untill halving and QE starts, with etfs approval, we will see next stop to $90-112k this year.
In coming years it gonna go more more more higher i expect 1million or more in coming years. Coz now institutions have a secure pathway to jump in with ETF's. Next step in my eyes will be when big merchants start accepting bitcoin payments like amazon etc.
Extreme gut feeling trader
  • #813,676
  • Mar 4, 2024 11:35am Mar 4, 2024 11:35am
Quoting montygoldy
{quote} just a feeling when on friday gold has these monster moves usually on monday asia also shoots up … just a gut feeling
I warned on friday for gold short sellers. It just experience coz i have seen these type of movements many times and been on the wrong side many times. In such situations what i learned to do is stay away from GOLD.
Extreme gut feeling trader
  • #813,677
  • Mar 4, 2024 11:42am Mar 4, 2024 11:42am
Quoting montygoldy
{quote} In coming years it gonna go more more more higher i expect 1million or more in coming years. Coz now institutions have a secure pathway to jump in with ETF's. Next step in my eyes will be when big merchants start accepting bitcoin payments like amazon etc.
Btc will be more likely be used as wealth protection.
XRP might be used as medium of exchanges or CBDC's.
Something big will happen this week. With massive move in gold, surely something big.
Will it be related to US debt or failing US financial system or china taiwan tension or Yemenis? Idk
$GLD already making new high
More time in the market, does not mean you trade better!
  • #813,678
  • Mar 4, 2024 11:45am Mar 4, 2024 11:45am
Quoting Godisawoman
Fundamentals is the basis of everything. Gold has no reason to be flying high in my opinion
Odd how you claim fundamentals as the basis of everything, and then immediately say that Gold has no reason for its current action. If your premise about fundamentals is correct, then there is indeed a reason for Gold's movement; you simply have not found the reason.
To free Gazans of Hamas, use whatever it takes.
  • #813,679
  • Mar 4, 2024 11:48am Mar 4, 2024 11:48am
Quoting Ferna
{quote} It’s not a threat, unless you consider following your own modus operandi a threat to others? I’m for free speech, you clearly are not. And then there is the law.
You joined a forum with a Code of Conduct that you agreed to which actually has restrictions on allowed speech. So you can be all for free speech, but must recognize that you don't have it in this forum.
To free Gazans of Hamas, use whatever it takes.
  • #813,680
  • Mar 4, 2024 11:52am Mar 4, 2024 11:52am
Quoting Nordling
{quote} No i meant the US inflation & GDP reports. I think the news releases affects the market for days instead of hours. 13th Feb is the day inflation report came out and 28 Feb is GDP. Notice how the bearish trend and pressure reversed to bullish after these reports are released: {image} I may be wrong, just my 3 cents. Greenest pips
Only "earth shattering" news, such as 9/11, affects the markets for days.
To free Gazans of Hamas, use whatever it takes.
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Waveskierrob