Cable Update (GBPUSD) | Page 40775 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #815,481
  • Mar 12, 2024 4:35am Mar 12, 2024 4:35am
Quoting Ferna
{quote} That’s a bit dishonest only considering government debt and then calling them ’great countries’. Have to look at debt structure, household debt, city/county debt etc. It will all fall on the state and future generations. He asked which countries are not ’fked financially’ in which you have to consider other factors too like real wages, real yields, foreign investment, age structure, political status etc. I’d cross out Switzerland, Sweden, Norway and Russia. Singapore could be crossed out too if you are the average Joe.
Nominal wages and the cost of living are very valid but I don't have a table like that readily available here is the closest that I could get:
https://www.numbeo.com/cost-of-livin...by_country.jsp

Foreign investment doesn't necessarily contribute to economic well being. More often it is a burden to the host country.
  • #815,482
  • Mar 12, 2024 4:49am Mar 12, 2024 4:49am
Looks like a potential correction of the drop earlier. US days later if it’s good for USD then likelihood of the PA staying bearish will remain.

but as the drop wasn’t too hard a move up cannot be ruled out
Insane in the Brain..
  • #815,483
  • Mar 12, 2024 4:58am Mar 12, 2024 4:58am
Quoting TraderFX.Id
{quote} So you analysed gbpxxx will be bullish?
yes. I think GJ will hit 189.5 within 36 hrs
Personal Journal...https://www.forexfactory.com/thread/1260265-the-journal
  • #815,484
  • Mar 12, 2024 4:59am Mar 12, 2024 4:59am
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 57 KB


E. and BP --- In BP I closed shorts now because I must leave desk.

In E. I have pendings to buy on stop , as shown .

  • #815,485
  • Mar 12, 2024 5:00am Mar 12, 2024 5:00am
Quoting BeeTogether
Looks like a potential correction of the drop earlier. US days later if it’s good for USD then likelihood of the PA staying bearish will remain. but as the drop wasn’t too hard a move up cannot be ruled out
Going to wait for the US CPI data. That could cause some whipsaw action. Each to their own
  • #815,486
  • Mar 12, 2024 5:04am Mar 12, 2024 5:04am
Quoting dantpm
{quote} Nominal wages and the cost of living are very valid but I don't have a table like that readily available here is the closest that I could get: https://www.numbeo.com/cost-of-livin...by_country.jsp Foreign investment doesn't necessarily contribute to economic well being. More often it is a burden to the host country.
They should make a fees index too. Anyway regarding nominal wages it doesn’t matter as much as real wages in times of inflation and rapid political change. I.e if your nominal salary is 20 000 it may sound like much, but if an apple cost 5000 it’s not much to be celebrated. Or if fees become a substantial amount of personal expenditure, and it’s not counted in inflation measures, then not all costs of living are accounted for.
All these financial innovations skews the indexes who is supposed to paint an accurate picture of the greater economy. Here in Sweden we are world champions of statistics, we can basically make a sinking ship look like it’s flying. I remember back when we had like 25% unemployment rate, how they categorized different unemployed into other measures, and so we got down the unemployment rate to 5%. It was an actual achievement to be classified as ’unemployed’ you were one of the special few who could throw house parties each weekend and not worry about tomorrow.
Anyway my point is: Don’t trust data unless you know how it’s structured.
Peace/Ferna
You have an IQ lower than 90 if you interact with this user.
  • #815,487
  • Mar 12, 2024 5:05am Mar 12, 2024 5:05am
Dr Dave Temporarily Suspended.
It appeared awfully quiet today.
  • #815,488
  • Mar 12, 2024 5:06am Mar 12, 2024 5:06am
Quoting Pat Chiko
{quote} GU Update on count. with structure. US dollah index filling up FVG {image} {image}
GU

Update on scalping position prior to high impact news in a bit.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 024.jpg Size: 247 KB


On Monday, GU marking its first daily decline this month.
This trend continued into today, with GBP trading below 1.28.

This shift is attributed to two factors: (this is fundamental - unless you dont use one , better to skip)
Global Risk Aversion: A cautious sentiment in the market (increased risk aversion) made investors favor the stability of the USD.
UK Economic Data: The latest data from the UK, including a slight rise in unemployment and a dip in wage growth, did not significantly impact the GBP/USD exchange rate. (Claimant Count Change Data)

Overall, the Pound weakened against the USD due to broader market conditions and mixed economic data from the UK.


Note to trade calls.
I chuckle when reading uninformed traders giving very bad advice to other not to use fundamental and not to read books. (WTF moment) in trading and trying to give "real time" trade call, apparently failed.

Since the trade call was based on pivot point only ( shallow analysis), it is weak and noob analysis.
It is better for her to focusing solely on hindsight trade calls and avoid future embarrassment of making "real time " trade call..

Therefore, to elevate your trading skills and achieve long-term success, a strong foundation in market knowledge is essential.
It's essential to acknowledge the limitations of relying solely on real-time calls or specific indicators without a strong foundation in fundamental analysis.
A comprehensive understanding of economic and market forces is crucial for making informed trading decisions and mitigating risk.

Please guy, read some book, read other traders analysis to widen your knowledge to develop the skill set becoming super traders.
Understanding various analytical tools and economic factors impacting the markets.
Solely relying on a single indicator, like pivot points, can lead to misinformed decisions and potentially result in losses.

The first word revealed in the Quran is اقرأ "Iqra," which translates to "read."
This emphasizes the importance of knowledge and seeking understanding.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #815,489
  • Mar 12, 2024 5:10am Mar 12, 2024 5:10am
Quoting Pat Chiko
{quote} GU Update on scalping position prior to high impact news in a bit. {image} On Monday, GU marking its first daily decline this month. This trend continued into today, with GBP trading below 1.28. This shift is attributed to two factors: (this is fundamental - unless you dont use one , better to skip) Global Risk Aversion: A cautious sentiment in the market (increased risk aversion) made investors favor the stability of the USD. UK Economic Data: The latest data from the UK, including a slight rise in unemployment and a dip in wage growth,...
lol i don’t need to read no book to be able to trade. Confirmation bias is what make anything in those books seem true. Just write down all the data, make a databank and see how often one of your hypothesis holds true and you will reach the same conclusion as me.
You have an IQ lower than 90 if you interact with this user.
  • #815,490
  • Mar 12, 2024 5:12am Mar 12, 2024 5:12am
Quoting Pat Chiko
{quote} GU Update on scalping position prior to high impact news in a bit. {image} On Monday, GU marking its first daily decline this month. This trend continued into today, with GBP trading below 1.28. This shift is attributed to two factors: (this is fundamental - unless you dont use one , better to skip) Global Risk Aversion: A cautious sentiment in the market (increased risk aversion) made investors favor the stability of the USD. UK Economic Data: The latest data from the UK, including a slight rise in unemployment and a dip in wage growth,...
Guru!
WARNING: This post warps space and time in its vicinity.
  • #815,491
  • Mar 12, 2024 5:13am Mar 12, 2024 5:13am
GU short addition missed, GJ long.
It may not return to 50%. But goo!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY-cd(M15)_2024.03.12_191003.gif Size: 48 KB
  • #815,492
  • Mar 12, 2024 5:14am Mar 12, 2024 5:14am
Quoting dantpm
Dr Dave Temporarily Suspended. It appeared awfully quiet today.

Hahaha....it's okay he can do with a rest
Don't Leave Money on the Table
  • #815,493
  • Mar 12, 2024 5:18am Mar 12, 2024 5:18am
Quoting Pat Chiko
{quote} GOLD Watching for price to RT the BO of ATH zone. $2,147. Wait for this confirmation for the RT as it has been 9 daily bull and it may want to RT the BO zone, before continue trending with gold going higher. On intraday this indeed looks Bullish but I personally think that it'll likely retest the STH/ BO zone later. This could come from a news event that supports gold, like tomorrow's US CPI report. If the report shows a significant difference from expectations, it could lead to a more cautious approach by the Fed, which might weaken the...
GOLD

Update scalping position
Attached Image (click to enlarge)
Click to Enlarge Name: gold 018.jpg Size: 186 KB


Gold decline after ni9e consecutive trading days of gains, remains within a consolidative phase near the $2,175 mark.
This correction comes subsequent to its recent peak at $2,195, which was prompted by a temporary pause in the downtrend of the US Dollar, coupled with stability in US Treasury bond yields.

Looking forward for next catalyst for the gold market is the upcoming release of the US Consumer Price Index (CPI) data .

The US Dollah is presently undergoing a period of consolidation to the downside in anticipation of this critical inflation indicator.
This focus on inflation is heightened following a significant downward adjustment to the January Nonfarm Payrolls figure and a series of lackluster economic reports from the United States.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #815,494
  • Mar 12, 2024 5:23am Mar 12, 2024 5:23am
Yes
  • #815,495
  • Mar 12, 2024 5:26am Mar 12, 2024 5:26am
Quoting Ferna
{quote} lol i don’t need to read no book to be able to trade. Confirmation bias is what make anything in those books seem true. Just write down all the data, make a databank and see how often one of your hypothesis holds true and you will reach the same conclusion as me.
Well, well, well, I haven't spotted you in the real-time trading arena yet, just serving up those hindsight calls like it's your daily special.
Talk about living in the past!

If you want to impress us, how about showing off some "real-time" trade calls with charts?
I mean, I'm out here dropping charts like confetti on Forex Factory!

Remember that time you goofed up on those GBP/USD short trades?
Yeah, you deleted those faster than I can say "stop out."

But seriously, why the disappearing act when things go south?
We've all been there, getting stopped out or taking a loss.
No shame in owning up to it.
I'm all about transparency—I'll share my stop out stories right here and anywhere else you want to hear 'em.

Let's keep it real, folks!

I wait for your post (no delete thiss time.....................)
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #815,496
  • Mar 12, 2024 5:29am Mar 12, 2024 5:29am
GU Will it end with almost no return?
Will the dollar rise as we wait for the CPI for about two hours?

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-cd(M15)_2024.03.12_191845.gif Size: 42 KB
  • #815,497
  • Mar 12, 2024 5:31am Mar 12, 2024 5:31am
Quoting WizardTrade
{quote} Guru!
Lol............... that's is old skool.

I prefer " Visionary "

But, seriuosly...knowledge isn't solely about quantity: (guru, Master, teacher, mentor... et cetera.)
It is depth of understanding, critical thinking skills, and the ability to apply knowledge effectively are crucial aspects.
But the true mastery transcends mere knowledge accumulation. (start with reading)....

Ultimately, the pursuit of knowledge is a continuous journey, and striving for deeper understanding and impactful contributions is a hallmark of those exceeding the boundaries of a "guru."

Pat Chiko
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #815,498
  • Mar 12, 2024 5:36am Mar 12, 2024 5:36am
Quoting Jade Gate
{quote} Going to wait for the US CPI data. That could cause some whipsaw action. Each to their own
US data maybe the catalyst for the movement for the day. As I mentioned earlier the UK data was poor and in the past has had much bigger moves.

even NFP on Friday didn’t give a decent movement and it quickly retreated
Insane in the Brain..
  • #815,499
  • Mar 12, 2024 5:37am Mar 12, 2024 5:37am
Quoting Pat Chiko
{quote} Well, well, well, I haven't spotted you in the real-time trading arena yet, just serving up those hindsight calls like it's your daily special. Talk about living in the past! If you want to impress us, how about showing off some "real-time" trade calls with charts? I mean, I'm out here dropping charts like confetti on Forex Factory! Remember that time you goofed up on those GBP/USD short trades? Yeah, you deleted those faster than I can say "stop out." But seriously, why the disappearing act when things go south? We've all been there,...
Pat said "GET REKT"
You have to have an IQ higher than 90 to interact with this user.
  • #815,500
  • Mar 12, 2024 5:43am Mar 12, 2024 5:43am
Quoting Ferna
{quote} That’s a bit dishonest only considering government debt and then calling them ’great countries’. Have to look at debt structure, household debt, city/county debt etc. It will all fall on the state and future generations. He asked which countries are not ’fked financially’ in which you have to consider other factors too like real wages, real yields, foreign investment, age structure, political status etc. I’d cross out Switzerland, Sweden, Norway and Russia. Singapore could be crossed out too if you are the average Joe.
Well said...I will stick to Greece only 2 months of winter, sunshine the rest of months,cold coffee and lots of islands and time.
average dude treading water
487 traders viewing now, 2 are registered:
purdoy81
,
avi907