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Cable Update (GBPUSD)

  • #823,361
  • Apr 25, 2024 8:00am Apr 25, 2024 8:00am
Quoting BeeTogether
the data was bad so why the drop?
Normal people would explain it as the following:

Since even US now seems to be on the path for recession after this abysmal GDP number (4.9% -> 3.3% -> 1.6% -> 0%??) investors are pilling up in USD, because if US is going down, then everything else is going even worse.

How I would explain the data: imagine my shock, imagine your shock

LoL
GM is the best!
  • #823,362
  • Apr 25, 2024 8:02am Apr 25, 2024 8:02am
Quoting Pat Chiko
{quote} GU As planned{image} As at now {image}
GU

Scalping planning in action in Real time.
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This real time set up is not the bet of best...
Still the best set up and trade execution will come later, from Mrs Hindsight.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #823,363
  • Apr 25, 2024 8:05am Apr 25, 2024 8:05am
Quoting BeeTogether
{quote} where is Dan not seen him for a few days
I guess he is playing from a distance
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More time in the market, does not mean you trade better!
  • #823,364
  • Apr 25, 2024 8:06am Apr 25, 2024 8:06am
Quoting Pat Chiko
{quote} GU Scalping planning in action in Real time. {image} This real time set up is not the bet of best... Still the best set up and trade execution will come later, from Mrs Hindsight.
12578 it is then
Insane in the Brain..
  • #823,365
  • Apr 25, 2024 8:09am Apr 25, 2024 8:09am
Quoting Zebi
{quote} king dollar pulled my ass out of the fire once again LOL its one badass mf {image} {image}
US Dolla to the rescue!!
How you exit from trades, is all that matters..
  • #823,366
  • Apr 25, 2024 8:09am Apr 25, 2024 8:09am
The price can drop to 1.2450 and then may play choppy.
Intraday only.
  • #823,367
  • Apr 25, 2024 8:11am Apr 25, 2024 8:11am
Quoting BeeTogether
the data was bad so why the drop?
Despite the lower-than-expected annualized GDP data, however, the US Dollar is seen rising. This may be because a guage of inflation in amongst the GDP data, the preliminary Gross Domestic Product Price Index for Q1 came out at 3.1% which was substantially higher than the 1.7% of the previous quarter. It suggests stubbornly high inflation in the US economy that will lead the Federal Reserve (Fed) to keep interest rates higher for longer. Higher interest rates are in turn positive for USD since they attract great inflows of foreign capital.
In addition, higher-than-expected Core Personal Consumption Expenditures in Q1, which is also a measure of inflation, showed a 3.7% rise QoQ compared to estimates of 3.4% and a previous reading of 2.0%.
  • #823,368
  • Apr 25, 2024 8:15am Apr 25, 2024 8:15am
When the price is dropping, why should traders buy ?

Fail to understand.
Intraday only.
  • #823,369
  • Apr 25, 2024 8:15am Apr 25, 2024 8:15am
10Y YIELD SPIKING!!!!!!
  • #823,370
  • Apr 25, 2024 8:16am Apr 25, 2024 8:16am
May the wind always be at your back and the sun upon your face

that's why I stay to just trading major USD pairs cause king dollar is the wind and the sun on my back

I just wont trade minor crosses....just wont do it

https://getyarn.io/yarn-clip/7b6c788...5-cb3b9c89bdde
short trump and go long the deepstate
  • #823,371
  • Apr 25, 2024 8:18am Apr 25, 2024 8:18am
Quoting birdland
{quote} we are approaching fast the sell area {image}
closing some and let the rest run and protected
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trading is like dancing, don't think and just listen to the music!
  • #823,372
  • Apr 25, 2024 8:20am Apr 25, 2024 8:20am
My tp is 1.24400-450
yes yes yes
  • #823,373
  • Apr 25, 2024 8:23am Apr 25, 2024 8:23am
Stupid UJ.
Every single m1 spike is bought up. wtf
Dem wicks.

Closing GU longs soon if it fails to break above 1.248
Exhausted
  • #823,374
  • Apr 25, 2024 8:24am Apr 25, 2024 8:24am
Quoting navk
When the price is dropping, why should traders buy ? Fail to understand.
On retrace up... I would only trade short.

No counter trade and then finally ending up with revenge trade.

lol
Intraday only.
  • #823,375
  • Apr 25, 2024 8:33am Apr 25, 2024 8:33am
Quoting Elysion
Stupid UJ. Every single m1 spike is bought up. wtf Dem wicks. Closing GU longs soon if it fails to break above 1.248
If ever those JPY fuckwits running the show are planning to intervene, NOW NOW NOW is the time to do it. Stupid meaningless words and even more stupid BOJ rate policy isn't going to come even close to dealing with the mess they've made.
  • #823,376
  • Edited 8:54am Apr 25, 2024 8:35am | Edited 8:54am
Quoting Zebi
{quote} good to see college campuses erupting in protests...just like the vietnam war era protests...dems have the abortion issue that will win them the election but biden making it unnecessarily close by not insisting and making Israel agree to a ceasefire

Although I'm in agreement that Bibi and his mates are committing genocide your applause at campuses erupting in protest is nothing more than those woke idiots manufacturing outrage!
Just like having a Ukrainian flag on your 'X' feed it'll soon be forgotten about when the next issue needs manufactured outrage!
Probably all western campuses have been infiltrated by chinese intelligence feeding those young minds communist propaganda and this is why your country is going down the tube fast.
Woke just a repackaging of communism!
Of course you'll just say it's right wing craziness while your country continues down it's slippery slope to oblivion!
Once again 100 billion for other peoples wars and nothing for the American people who's taxes go to pay for this rot!
If you think about it you are supporting the protests against Israel yet at the same time support the Democrats who just gave 15 Billion Dollars to Israel to continue slaughtering Palestinians....being a democrat I think the irony escapes you!
But then communists have this amazing ability to have 2 opposing ideas in their heads at the same timeout with any conflict!
Don't Leave Money on the Table
  • #823,377
  • Apr 25, 2024 8:36am Apr 25, 2024 8:36am
False pump for daily retracement only. Patience pays...focus at open/close on medium/long term.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #823,378
  • Apr 25, 2024 8:37am Apr 25, 2024 8:37am
Quoting Jade Gate
{quote} If ever those JPY fuckwits running the show are planning to intervene, NOW NOW NOW is the time to do it. Stupid meaningless words and even more stupid BOJ rate policy isn't going to come even close to dealing with the mess they've made.
Ikr, I'm holding shorting on UJ.
I doubt 156 will happen
Exhausted
  • #823,379
  • Apr 25, 2024 8:53am Apr 25, 2024 8:53am
looking to sell here gj
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Personal Journal...https://www.forexfactory.com/thread/1260265-the-journal
  • #823,380
  • Apr 25, 2024 8:59am Apr 25, 2024 8:59am
Quoting HaLBot
{quote} Although I'm in agreement that Bibi and his mates are committing genocide your applause at campuses erupting in protest is nothing more than those woke idiots manufacturing outrage! Just like having a Ukrainian flag on your 'X' feed it'll soon be forgotten about when the next issue needs manufactured outrage! Probably all western campuses have been infiltrated by chinese intelligence feeding those young minds communist propaganda and this is why your country is going down the tube fast. Woke just a repackaging of communism! Of course you'll...

there's a lot I could say to counter your argument but that would prolly get us both kicked out LOL....so I wont...i will say the only dems that want to keep giving money to Israel are the politicians aipac helps elect...the majority of dems in this country are tired of giving them money that's why biden making this election close
when its his to win in a landslide
short trump and go long the deepstate
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