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Cable Update (GBPUSD)

  • #813,681
  • Mar 4, 2024 11:52am Mar 4, 2024 11:52am
Quoting DrDave
{quote} 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.
Exactly why I'm on here...anyone have answers?
I know BTC reason. It shouldn't affect gold.
Unless its just big banks...pumping. But that seems like an excuse for not understanding.
The market today is controlled by demand and supply since no news out today. So what is causing the demand?
Teerex
  • #813,682
  • Mar 4, 2024 11:52am Mar 4, 2024 11:52am
Quoting Ferna
{quote} Why aren’t you reporting ScalaFx?
Why do you think he hasn't?
To free Gazans of Hamas, use whatever it takes.
  • #813,683
  • Mar 4, 2024 12:02pm Mar 4, 2024 12:02pm
Quoting josip
DXY H1 if we stay in the descending channel, we can go lower below the red line... (usd can go lower) {image}
Quoting josip
EURUSD H1 trendlines if we stay above red line, we can touch green line... {image}
If we stay above the red line and stay below the green line we can go sideways.
To free Gazans of Hamas, use whatever it takes.
  • #813,684
  • Mar 4, 2024 12:04pm Mar 4, 2024 12:04pm
Quoting Ferna
{quote} Why aren’t you reporting ScalaFx?
Do it yourself kid if you have problem
People don't plan to lose. They lose because they don't plan.
  • #813,685
  • Mar 4, 2024 12:07pm Mar 4, 2024 12:07pm
Quoting nubcake
{quote} Because you aren't that quick on the uptake let me type it slower for you, see if it helps: You THINK I'm always here causing shit because certain people desperately want my attention, and the less I give it the more they crave it and keep mentioning my name. Now, you can try to turn that simple fact around back onto me because I happen to know (WHO THE FUCK DOESN'T KNOW) that zebi is the most thirsty for attention in this forsaken forum. Denying reality doesn't change reality. It's not a negative on me that I know which psycho's want my...
!
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People don't plan to lose. They lose because they don't plan.
  • #813,686
  • Mar 4, 2024 12:08pm Mar 4, 2024 12:08pm
Quoting Rich.C
No surprise to see Pat FX, the multi user name bully, return to Cable and the whole thread turns to mud. Anyone who follows this thread should know two things about Pat FX; 1) Pat FX bullies good people, viciously, and uses multiple profiles in such pathetic ego wars. 2) Pat FX has been bankrupt twice in two years, but is still trying to get seed funding via social media channels. Do not give this person any money PATFX LTD 12998037...
Be careful Folks.
Trade to trade another day
  • #813,687
  • Mar 4, 2024 12:10pm Mar 4, 2024 12:10pm
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yes yes yes
  • #813,688
  • Edited 12:46pm Mar 4, 2024 12:13pm | Edited 12:46pm
I can assure you, that he doesn't care about the distribution/accumulation, shooting stars, 3 Crows or Elliott Wave.
That horizontal line on the high timeframes is a meaningless 50-50 outlook as are all fake live trades.
The game is to come into the room and wind everyone up, causing confusion and trouble. To throw as much misinformation around as possible.
It's the same game as HDA.
HDA told everyone he had market depth on prices no one else could see, he was institutional and above all the other traders on the forum.
All other studies were Mickey Mouse retail rubbish. So many people followed along on that crazy long call, he had to make a super-sized lie as to why he had to go.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #813,689
  • Edited 12:48pm Mar 4, 2024 12:17pm | Edited 12:48pm
Quoting Godisawoman
{quote} 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.
No, CPI wasn't good for usd in my opinion. I will explain

The headline number looks good for USD, i am with you on that:

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However, things get tricky in the report itself. You see inflation is coming down in important items such as energy, cars, commodities:

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So you can consider this as a green looking, red cpi number, an imposter There was nothing in that CPI report that would put rate cuts at risk. When the markets realised that, things started going up again as of 14th Feb. Big red candle of 13th Feb became just a liq grab, couldn't turn into a trend-setter.

About GDP, GDP is important when it comes to asset prices and stock market. You would remember how things went horribly south when US GDP Growth turned negative in early 2022. BTC went down to 15k from 60k, Gold went down to 1600$ etc. So GDP plays an important role in the health of the economy and in the health of the markets.
You have to have an IQ higher than 90 to interact with this user.
  • #813,690
  • Mar 4, 2024 12:22pm Mar 4, 2024 12:22pm
Quoting DrDave
{quote} Only "earth shattering" news, such as 9/11, affects the markets for days.
Maybe, but just look at how things took almost a U turn:

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It doesn't look random to me
You have to have an IQ higher than 90 to interact with this user.
  • #813,691
  • Mar 4, 2024 12:31pm Mar 4, 2024 12:31pm
Quoting Ferna
{quote} This was a question to Nordling. Maybe your kind of language and suggestions is more appropriate on a dating site for men who like to meet men? It’s better if you keep these kind of urges to yourself. I am pro gay rights and all that, but it doesn’t give you some kind of ’pass’ to be overly sexual on a public forum. It also breaches OSA and DSA, and those laws have special sections protecting children from this type of content. Interpol has a cyber security division that is designed and specialized on protecting them. Maybe you are unaware...
you are good in entertaining people like your friends but not in trading
People don't plan to lose. They lose because they don't plan.
  • #813,692
  • Mar 4, 2024 12:32pm Mar 4, 2024 12:32pm
Quoting Ferna
{quote} This was a question to Nordling. Maybe your kind of language and suggestions is more appropriate on a dating site for men who like to meet men? It’s better if you keep these kind of urges to yourself. I am pro gay rights and all that, but it doesn’t give you some kind of ’pass’ to be overly sexual on a public forum. It also breaches OSA and DSA, and those laws have special sections protecting children from this type of content. Interpol has a cyber security division that is designed and specialized on protecting them. Maybe you are unaware...
What happened to the free speech, is bullying not allowed now? But it was your right to bully others, what happened now?
You have to have an IQ higher than 90 to interact with this user.
  • #813,693
  • Mar 4, 2024 12:38pm Mar 4, 2024 12:38pm
I thought somebody had already left this thread but I was wrong
People don't plan to lose. They lose because they don't plan.
  • #813,694
  • Mar 4, 2024 12:40pm Mar 4, 2024 12:40pm
Quoting Ferna
{quote} This was a question to Nordling. Maybe your kind of language and suggestions is more appropriate on a dating site for men who like to meet men? It’s better if you keep these kind of urges to yourself. I am pro gay rights and all that, but it doesn’t give you some kind of ’pass’ to be overly sexual on a public forum. It also breaches OSA and DSA, and those laws have special sections protecting children from this type of content. Interpol has a cyber security division that is designed and specialized on protecting them. Maybe you are...
That was really funny!
People don't plan to lose. They lose because they don't plan.
  • #813,695
  • Mar 4, 2024 12:45pm Mar 4, 2024 12:45pm
Quoting Ferna
{quote} Can you rephrase your question? If you would be more specific.
You got what i mean very well. You call it "free speech" when your friends say all sorts of insults and bickering. But when this "free speech" is directed at you, you start talking about laws and rules and all Hypocritical don't you think?
You have to have an IQ higher than 90 to interact with this user.
  • #813,696
  • Mar 4, 2024 12:46pm Mar 4, 2024 12:46pm
Hello everyone fiest of all thank you for being there.
I need help in European stock. What is the best options for holding stock. We bull works out side EU. Etroro or plus 500 i don't like. Is there any other way. Please let me know. Thank you
  • #813,697
  • Mar 4, 2024 12:46pm Mar 4, 2024 12:46pm
Quoting Nordling
{quote} No, CPI wasn't good for usd in my opinion. I will explain The headline number looks good for USD, i am with you on that: {image} However, things get tricky in the report itself. You see inflation is coming down in important items such as energy, cars, commodities: {image} So you can consider this as a green looking, red cpi number, an imposter There was nothing in that CPI report that would put rate cuts at risk. When the markets realised that, things started going up again as of 14th Feb. Big red candle of 13th Feb became just as...
Okay...now i get what you mean.

I'm sure it wasn't gbp that drove btc amd gold down. Bad USD news is great news for gold. I dont know of that specific case you mention...but if you check all market reactions to US gdp...its always very little...on the major pairs
Teerex
  • #813,698
  • Mar 4, 2024 12:49pm Mar 4, 2024 12:49pm
Quoting Nordling
{quote} No, CPI wasn't good for usd in my opinion. I will explain The headline number looks good for USD, i am with you on that: {image} However, things get tricky in the report itself. You see inflation is coming down in important items such as energy, cars, commodities: {image} So you can consider this as a green looking, red cpi number, an imposter There was nothing in that CPI report that would put rate cuts at risk. When the markets realised that, things started going up again as of 14th Feb. Big red candle of 13th Feb became just as...
Matter of fact biggest movers of price are CPI, PMI, PCE, Employment....GDP doesn't rank.
Teerex
  • #813,699
  • Mar 4, 2024 12:55pm Mar 4, 2024 12:55pm
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.
You absolutely correct, this is what I was reading too.
Louis Navellier recommendations also mention deflation risk spreading from China.

https://acrobat.adobe.com/id/urn:aai...d-1515b61d0aca
  • #813,700
  • Mar 4, 2024 12:58pm Mar 4, 2024 12:58pm
Quoting Ferna
{quote} Huh? Waiting for non-leading questions. Get back to me when you had a coffee or two.
Hahahah i got you this time didn't i? I played the game by your rules, but you lost my friend.

When you justify hitting below the belt as "free speech", someone else will hit you even lower and that's when you will learn "free speech" is only free as long as the respect is preserved.
You have to have an IQ higher than 90 to interact with this user.
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