Cable Update (GBPUSD) | Page 40929 | 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)

  • #818,561
  • Mar 23, 2024 6:32am Mar 23, 2024 6:32am
not trustworthy?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2024-03-23 at 11.31.48.png Size: 112 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #818,562
  • Mar 23, 2024 7:47am Mar 23, 2024 7:47am
Quoting Whatevs
I think the one who buys Silver on this retracement will make the best move of his life. What we know? We know that Fed will start cutting rates VERY soon which will weaken the USD considerably and the plan of every CB is to destroy its currency so they can implement the new system (CBDC). Inflation will skyrocket soon again which will drive all investors into PMs, Crypto and even Stocks will go up. Once the system crashes, money from the stock market will move to PMs and probably Crypto and this is that big transfer big names are pounding the table...
Fed has indicated 3 rate cuts from the current level down to 4.25% by the end of the year. This still has the US rate higher than most other rates! Nothing about when they will start from anything that I have read.
  • #818,563
  • Mar 23, 2024 8:12am Mar 23, 2024 8:12am
Quoting dantpm
{quote} Fed has indicated 3 rate cuts from the current level down to 4.25% by the end of the year. This still has the US rate higher than most other rates! Nothing about when they will start from anything that I have read.
Screw the Fed and their bullshit... We need to be ahead of the central banks, not behind them! We need to know what they want before they do it, because when they do it we are already too late.

Also, Powell said a lot of things already which were proven to be incorrect, from transitory inflation to soft landing (which will be proven as incorrect in the future).

We know what they want... and because we know what they want (their endgame), we have to act accordingly, NOW, not tommorow, not after breakfast, NOW!
  • #818,564
  • Mar 23, 2024 8:39am Mar 23, 2024 8:39am
gu will 1.29000 by the end of the week
Attached Image (click to enlarge)
Click to Enlarge Name: Uj.png Size: 14 KB

Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 10 KB

Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 11 KB
yes yes yes
  • #818,565
  • Mar 23, 2024 8:57am Mar 23, 2024 8:57am
Quoting Waveskierrob
DrDave still on TS he's beat my record by miles...well done

i guess he wasnt as tight with twee as he thought LOL
short trump and go long the deepstate
  • #818,566
  • Mar 23, 2024 9:09am Mar 23, 2024 9:09am
no important news till thursday so lets see if bears can kick ass most of the week
short trump and go long the deepstate
  • #818,567
  • Mar 23, 2024 10:11am Mar 23, 2024 10:11am
Quoting Whatevs
{quote} Screw the Fed and their bullshit... We need to be ahead of the central banks, not behind them! We need to know what they want before they do it, because when they do it we are already too late. Also, Powell said a lot of things already which were proven to be incorrect, from transitory inflation to soft landing (which will be proven as incorrect in the future). We know what they want... and because we know what they want (their endgame), we have to act accordingly, NOW, not tommorow, not after breakfast, NOW!
Powell is the guy that controls the US Federal Fund or central bank rate. While he gets a lot of stuff wrong about what is going on with the economy, he is consistent and clear about what is happening to the Fed Funds rate. I suspect that he is trying to find a way to back away from his 2% inflation target before he cuts rates but to date he hasn't done that. Increases in US government spending is causing inflation that isn't going away anytime soon. We will have to wait and see.
  • #818,568
  • Mar 23, 2024 10:27am Mar 23, 2024 10:27am
Quoting dantpm
{quote} Powell is the guy that controls the US Federal Fund or central bank rate. While he gets a lot of stuff wrong about what is going on with the economy, he is consistent and clear about what is happening to the Fed Funds rate. I suspect that he is trying to find a way to back away from his 2% inflation target before he cuts rates but to date he hasn't done that. Increases in US government spending is causing inflation that isn't going away anytime soon. We will have to wait and see.
I have zero knowledge about fundamental analysis. I just want to follow the price like a shadow.
Intraday Trading is an Art _ hoda
  • #818,569
  • Mar 23, 2024 10:31am Mar 23, 2024 10:31am
Quoting Waveskierrob
DrDave still on TS he's beat my record by miles...well done
I hope he comes back soon
Intraday Trading is an Art _ hoda
  • #818,570
  • Mar 23, 2024 10:34am Mar 23, 2024 10:34am
Quoting dantpm
{quote} Powell is the guy that controls the US Federal Fund or central bank rate. While he gets a lot of stuff wrong about what is going on with the economy, he is consistent and clear about what is happening to the Fed Funds rate. I suspect that he is trying to find a way to back away from his 2% inflation target before he cuts rates but to date he hasn't done that. Increases in US government spending is causing inflation that isn't going away anytime soon. We will have to wait and see.
Dan... if you wait for the Fed to start cutting, you'll miss out on very good gains. Powell doesn't control anything, he is doing exactly what the heads above him want him to do and that is to cut rates as soon as possible. If Powell made ANY FUC'ING SENSE, then he wouldn't be pushing for damn rate cuts while inflation is not even at 3% consistently let alone 2% and LET ALONE going waaaay under 2%, because what we need isn't a damn 2% inflation, we need a DEFLATION for a good period of time, because prices fuc'ing skyrocketed. Not just Powell... Lagarde, Bailey and other clowns as well. By the time Fed starts cutting rates and then you invest in Gold or something else, you'll be buying it WAY more expensive. The notion Gold already went over 2200$ and one is still not long is very telling on how late one is to the party already, not to mention how LATE one will be if one waits for the Fed to start cutting rates.

It's clear to me that you understand inflation isn't going anywhere, so why not take the early position NOW? Problem is, when one misses a big rally, then one isn't interested in it anymore, because one didn't get in when one was supposed to and one is aware of that.

I'm already in Silver and once this (in my opinion) last pullback ends, I'll be in it for a long time, because I know (thanks to brilliant minds and by looking at the charts) what is coming next.

Friendly advice! I don't want people to be surprised or even worse, not prepared when shit goes down in the future..
  • #818,571
  • Mar 23, 2024 10:41am Mar 23, 2024 10:41am
Just go and take a look at GFC and what happened to the price of Gold. No inflation, no war... This time you have EVERYTHING going on.
  • #818,572
  • Mar 23, 2024 11:28am Mar 23, 2024 11:28am
Quoting hoda
{quote} I hope he comes back soon
Lets just hope he is not ISIS Mossad agent on a temporary break to Russia. Putin will permanently suspend him.
Just by itself, winrate is 50%, but with multitimeframe winrate is 90%
  • #818,573
  • Mar 23, 2024 11:28am Mar 23, 2024 11:28am
Quoting hoda
{quote} I hope he comes back soon
He sent me this message "it will not be downgraded"...
  • #818,574
  • Mar 23, 2024 11:43am Mar 23, 2024 11:43am
After years of being around in this industry amidst the smoke screens and all.... I figured out there is a truth deep down the system....
And I found out that. .
Trading can be anything to anyone....
It's like one standing before a mirror
It reflects the personality of the participants...
It just gives a real picture of what freedom does to mankind...
When you leave men without rules or boundaries They 'self destruct' ....
Except for moral laws .... the world would have ended by now....

Same thing for trading ..... except a trader has binding laws of engagement that are generic and true.... he will destroy himself with freedom....

Your journey in Mastering the act of trading (not just learning)... is finding 'the truth'... not necessarily all of it.... but at least enough.... then disciplining your self to live by it faithfully...

The worst experience is learning a lie... believing it and working hard to live faithfully by it.... the result is depressing... even suicidal at some points

And the traders graveyard is set when they start getting positive result doing the wrong thing (applying those lies) ... it reinforces bad habit... and the false hope of that someday they will get a big break.... not knowing that their fate in the industry has been sealed from the beginning.... (poor herds fattened for slaughter)...

they allow them to grow their accounts only to be wiped out when their confidence is just about to feel at home....

There is a ^Truth^ to be pursued in this industry amidst the many trash paroted and promoted as technical analysis.

True freedom comes in knowing the truth...
And Ye shall know the truth and the truth shall set you free....
Selah
Just thinking out loud
Dkings
Wisdom dwells with prudence discovering the knowledge of witty inventions
D-kings lengend trades All Time Pips: 3,675
  • #818,575
  • Edited 12:10pm Mar 23, 2024 11:59am | Edited 12:10pm
Quoting Bones
not trustworthy? {image}
so far no reliable as limit down 2144.66 intact , testing great resistance up and rejection may likely breaks that limit for 2109 , towards even 2088 but looks not hit 2088 and still temporary bull remain intact as most probable , where may loss reliability !
so a correction to bull continue just possible . if limit remain intact next week may then forget inverted hammer ! so reliable or not as it is there , there may some short acting or long acting effects !! so very limited space between them !
lets see
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GOLDWeekly3.png Size: 15 KB
Click to Enlarge Name: GOLDWeekly1.png Size: 21 KB
Click to Enlarge Name: GOLDWeekly.png Size: 32 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #818,576
  • Mar 23, 2024 12:53pm Mar 23, 2024 12:53pm
Anticipating USD correction early next week

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 33 KB
  • #818,577
  • Mar 23, 2024 2:43pm Mar 23, 2024 2:43pm
Quoting Whatevs
{quote} Dan... if you wait for the Fed to start cutting, you'll miss out on very good gains. Powell doesn't control anything, he is doing exactly what the heads above him want him to do and that is to cut rates as soon as possible. If Powell made ANY FUC'ING SENSE, then he wouldn't be pushing for damn rate cuts while inflation is not even at 3% consistently let alone 2% and LET ALONE going waaaay under 2%, because what we need isn't a damn 2% inflation, we need a DEFLATION for a good period of time, because prices fuc'ing skyrocketed. Not just Powell......

Two things happening. One is what the FED does with interest rates and every other central bank and the other thing is how the market responds. You appear to be anticipating a market response which is as valid as any other expectation of market response. I tend to focus on day trading and not the bigger picture.
  • #818,578
  • Edited 11:28pm Mar 23, 2024 2:58pm | Edited 11:28pm
"True fundamental value of an ounce of Gold if they were to do an overnight reset today and was done in 1/1 ratio, the fundamental value of Gold is over 40 000$ an ounce. Dividing this number with the ratio Gold/Silver and you get the value of Silver which would stand at over 450$."
  • #818,579
  • Mar 23, 2024 3:01pm Mar 23, 2024 3:01pm
Quoting dantpm
{quote} Two things happening. One is what the FED does with interest rates and every other central bank and the other thing is how the market responds. You appear to be anticipating a market response which is as valid as any other expectation of market response. I tend to focus on day trading and not the bigger picture.
Of course. We all do what we do and that's perfectly fine.
I won't mention this anymore. Who wants to know will do a research, who doesn't want or need to know because they aren't interested won't.

Let's get back to GBP/USD!
  • #818,580
  • Mar 23, 2024 3:13pm Mar 23, 2024 3:13pm
Quoting IgorGG
Anticipating USD correction early next week {image}
Not always correlate like that
Please, check 2016 -> 2019
With Fed getting ready to cut, we moved on a different scenario
1,189 traders viewing now, 1 is registered:
Gbpusdfreakk