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Cable Update (GBPUSD)

  • #816,021
  • Mar 13, 2024 10:31pm Mar 13, 2024 10:31pm
Quoting Pat Chiko
{quote} GOLD End of scalping Setting up for long trades The release of latest CPI data, indicating a year-on-year (YoY) increase of 3.2% in February. This figure surpassed market expectations of 3.1%. . {image} {image}
GOLD

The gold price maintain ranging gains and stayed within a certain range on Thursday.
The uncertainty about FED will cut interest rates is seen as a major reason why the price of gold is not rising more.
The demand for the US dollar is low, and there are tensions in global politics, which are helping the gold price.

Completed EW c of 4 and reverse trade for EW 5

US Treasury bond yields are still high, which doesn't help gold, a non-yielding asset, rise much.
Gold stayed within a narrow range as we ar eEW 4 now.

So, it's important to be careful before making any big moves, as it's not clear if the recent upward trend in gold will continue.
I will plat along and scalp, not going to make me richer, but enough to donate to Gaza Children during Ramadan.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #816,022
  • Mar 13, 2024 10:58pm Mar 13, 2024 10:58pm
Quoting surgeon
{quote} It was a case of Sub-Acute Swipey Bearclaw-ingitis... Requires another 24 hours for the vitals to stabilize - I've advised they shouldn't be in a hurry and even now they are trying to push!
Indeed. It was caused by a 500lb gorilla accidentally sitting on the patient. Otherwise known as the 200ema on weekly chart (red). And then we have to consider Occam's Razor diagnostically. USD liquidity squeeze coming up. Demand for dollars likely to increase as a result (?). Specialist consult required. I'll call Neurology. I think we may have to admit for a longer term stay subject to work-ups.
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  • #816,023
  • Mar 13, 2024 11:04pm Mar 13, 2024 11:04pm
Quoting BigNumbers
GU SHORT {image}
Me too
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dont teach me how to buy. im sellers!!
  • #816,024
  • Edited 11:46pm Mar 13, 2024 11:25pm | Edited 11:46pm
Quoting Jolita
{quote} Yes, long SMCI and hold for a year.
What you are proposing is a change in FED policy. Does your source suggest or indicate the reason for this change in policy?
If not, I would be more inclined to believe that Powell and the rest of the FED would stay with their current policies.
Biden and his team want to print money which will cause more inflation! One of the big uses of the funds is to increase loans to Ukraine, believing that they will be able to seize Russian assets to pay for funds sent to Ukraine but to date the banks holding these funds are not cooperating and support for crypto where governments can't seize assets appears to be growing. Until the Russian assets are seized, the loans to Ukraine are on the US balance sheet and in any event increasing the money supply will cause more inflation in the global economy.
  • #816,025
  • Mar 13, 2024 11:45pm Mar 13, 2024 11:45pm
Quoting Jolita
{quote} Yes, long SMCI and hold for a year.
It's always a risk when you have a vested interest in a particular outcome. Much like currency traders being devoted to their own country's currency. You want to see it do well, but you can't let that bias influence your trade decisions. Have to be able to trade both trend and counter trend, regardless of any emotional attachment to your preferred outcome. Unless of course, Powell and Yellen are personal mates and are doing a bit of insider trading on the side .

Good luck regardless. We all hope for the best.
  • #816,026
  • Mar 14, 2024 12:24am Mar 14, 2024 12:24am
[quote=Jade Gate;14793394]{quote} . Have to be able to trade both trend and counter trend, regardless of any emotional attachment to your preferred outcome.

I'm sure/hope you mean trade with and against, your home currency, rather than trade both trend and counter trend.
Many successful "purists" trade one or the other.
Its all just one persons opinion
  • #816,027
  • Mar 14, 2024 12:35am Mar 14, 2024 12:35am
Quoting Pat Chiko
{quote} GOLD The gold price maintain ranging gains and stayed within a certain range on Thursday. The uncertainty about FED will cut interest rates is seen as a major reason why the price of gold is not rising more. The demand for the US dollar is low, and there are tensions in global politics, which are helping the gold price. Completed EW c of 4 and reverse trade for EW 5 US Treasury bond yields are still high, which doesn't help gold, a non-yielding asset, rise much. Gold stayed within a narrow range as we ar eEW 4 now. So, it's important to...
LOL...


donate.. how you donate money to Gaza, please explain
  • #816,028
  • Mar 14, 2024 12:44am Mar 14, 2024 12:44am
Quoting Zebi
Hidden
A liberal with a concealed handgun permit in Chicago? You've got to be kidding right?
  • #816,029
  • Mar 14, 2024 12:52am Mar 14, 2024 12:52am
GU H1
trendlines

DXY is rising, so we could fall on gbpusd
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Trendlines H1,H4, SMC
  • #816,030
  • Mar 14, 2024 1:02am Mar 14, 2024 1:02am
An opinion on the timing of rate cuts this year.,

https://www.afr.com/markets/debt-mar...0240312-p5fbsu
  • #816,035
  • Mar 14, 2024 1:20am Mar 14, 2024 1:20am
NZDUSD SHORT

Dollar Index is bullish…
Monthly Sellside taken with a nice rejection.
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My telegram: https://t.me/avidforex
  • #816,036
  • Mar 14, 2024 1:20am Mar 14, 2024 1:20am
I vote that we close the Canadian border with the US! Keep the guns and those that need them south of border.
  • #816,037
  • Mar 14, 2024 1:22am Mar 14, 2024 1:22am
Quoting BigNumbers
NZDUSD SHORT Dollar Index is bullish… Monthly Sellside taken with a nice rejection. {image} {image}
Still hold short gu? Looks like it wanna up first
dont teach me how to buy. im sellers!!
  • #816,038
  • Mar 14, 2024 1:24am Mar 14, 2024 1:24am
Quoting woody70
Hidden

I've always loved America and very saddened what the Lefties plus Rinos have done to this once great country and the picture sums up the democrats, they literally hate their own country and it's baffling. Why the hell would you want to destroy your own country???
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Don't Leave Money on the Table
  • #816,039
  • Mar 14, 2024 1:29am Mar 14, 2024 1:29am
Quoting HaLBot
{quote} I've always loved America and very saddened what the Lefties plus Rinos have done to this once great country and the picture sums up the democrats, they literally hate their own country and it's baffling. Why the hell would you want to destroy your own country??? {image}
I have not seen that one in a long time.
  • #816,040
  • Mar 14, 2024 1:32am Mar 14, 2024 1:32am
Quoting Nordling
{quote} Yep it was racist. No worries i will teach you manners step by step Btw are you long or short on GU? Any other instrument will do. We are curious about if you are a trader, since we never saw a trade. You know, only a person who trades is a trader
Sad to say, but his post fits better in the category "observation" than "racist".
To free Gazans of Hamas, use whatever it takes.
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