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Cable Update (GBPUSD)

  • #841,781
  • Edited 2:40pm Oct 14, 2024 9:16am | Edited 2:40pm
Quoting Orand
Long at : 1.3034 Sl : 1.3019 TP : 1.3065 ---------------------
closed at : 1.3044
-------------
Short at 1.3043
Sl : 1.3058(sl move to 1.3063)(sl moved to 1.3070)
Tp : 1.3010
----------------
Add short at : 1.3053
Sl : 1.3063(sl moved to 1.3070)
TP : 1.3010
  • #841,782
  • Oct 14, 2024 9:24am Oct 14, 2024 9:24am
Usdx and want gbpusd test 3060 today and end for me !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #841,783
  • Oct 14, 2024 9:24am Oct 14, 2024 9:24am
Quoting palpite
GBPUSD - Buy {image}
closed + 14,5 pips

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Together we can be strongest
Vantage Return This Month: na
  • #841,784
  • Oct 14, 2024 9:25am Oct 14, 2024 9:25am
Quoting BeeTogether
The bullish move seems to have slowed down still below daily opening. Taking caution here could be a fake move to hit SLs
It's a double edged sword and Trade Management is key here.

We may as well witness a little slow down in the activities of the buyers, Thereafter, the current daily high @ 1.3070 be re-visited and finally a pullback again to around.,... to continue the bull run.

My buddy, we are trading against each other today looking at a bigger picture to go against Intraday Sentiment.

Money management is key here.
Market Structure is the King.....
  • #841,785
  • Edited 9:59am Oct 14, 2024 9:35am | Edited 9:59am
Quoting Seleckted
How are people still bullish when you have potencial UK to increase its capital income tax to 31% to 39% ? People are already closing positions or considering to close stock positions to get less tax

really?...that's great news...higher taxes always good for the economy and currency

however in this situation wont help GU much since my badass mf'er dollar even stronger...it will just slow the decline a bit and make it more rangey

before you comment do some studying why higher taxes are good for the economy
short trump and go long the deepstate
  • #841,786
  • Oct 14, 2024 9:43am Oct 14, 2024 9:43am
Quoting ScalaFX
Long GU 3050 EU 0918
add 0907 EU GU 3040
People don't plan to lose. They lose because they don't plan.
  • #841,787
  • Oct 14, 2024 10:01am Oct 14, 2024 10:01am
Might have to rethink my long. Potentially take profit not far from the the day’s opening and then see if there is scope for a short from there

edit: took profit 3 pips. Trying short for a bit
Insane in the Brain..
  • #841,788
  • Oct 14, 2024 10:48am Oct 14, 2024 10:48am
Quoting Orand
{quote} closed at : 1.3044 ------------- Short at 1.3043 Sl : 1.3058(sl move to 1.3063) Tp : 1.3010 ---------------- Add short at : 1.3053 Sl : 1.3063 TP : 1.3010
similar TP for me 13015
Insane in the Brain..
  • #841,789
  • Oct 14, 2024 10:49am Oct 14, 2024 10:49am
Quoting pthread
As I said, Wycoff pattern is in play. We are in the middle of the up move (usdx). GU went down nicely as expected. I am waiting for 103 lvl for a huge pull back. Still holding cable. {image}
103 achieved. Now USDX PULBACK to 101. Cable buy (in parts).
Better position will be above 103.065 but my SL is more then 100p (GBP) so I can buy half now, half later.
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  • #841,790
  • Edited 11:07am Oct 14, 2024 10:51am | Edited 11:07am
Quoting Zebi
{quote} really?...that's great news...higher taxes always good for the economy and currency however in this situation wont help GU much since my badass mf'er dollar even stronger...it will just slow the decline a bit and make it more rangey before you comment do some studying why higher taxes are good for the economy
Changing tax doesn't alter receipts much, if you take the path the US is on, it won't matter who's in charge. The UK is behind the US but we have wolf in sleeps clothing in charge. Their busy changing the rules about debt as we speak.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #841,791
  • Oct 14, 2024 10:57am Oct 14, 2024 10:57am
Have a consolidation let's buy the bottom and sell the top.

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Together we can be strongest
Vantage Return This Month: na
  • #841,792
  • Oct 14, 2024 10:58am Oct 14, 2024 10:58am
Dx , you crooky mf
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yes yes yes
  • #841,793
  • Oct 14, 2024 11:13am Oct 14, 2024 11:13am
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yes yes yes
  • #841,794
  • Oct 14, 2024 11:17am Oct 14, 2024 11:17am
Quoting Bones
{quote} Changing tax doesn't alter receipts much, if you take the path the US is on, it won't matter who's in charge. The UK is behind the US but we have wolf in sleeps clothing in charge. Their busy changing the rules about debt as we speak. {image}

i don't know the particulars of the starmer government just that his win gave GU a temporary bounce like I said months ago ...so now price will retrace and we'll see his plans so maybe sometime next year GU may go up again....

all I know is currency price goes up when taxes get hiked like under Clinton and fall when taxes get cut like the liz truss fiasco when she wanted to cut LOL


companies change their accounting of debt all the time... i think of a currency as the stock price of a country ...the pm or prez as the CEO with parliament or our congress as the board of directors and citizens as employees and rate hikes and cuts as dividends

it helps me from convoluted thinking with all the bullshit bein thrown around by pundits
short trump and go long the deepstate
  • #841,795
  • Oct 14, 2024 11:30am Oct 14, 2024 11:30am
Looks like setup will be appeared tomorrow or Wednesday. Today market move in very tight range. No sign of strong bear or bull, so no trade.
With courage, patience, and discipline, success is a matter of time.
  • #841,796
  • Oct 14, 2024 11:46am Oct 14, 2024 11:46am
GBPUSD - Buy

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Together we can be strongest
Vantage Return This Month: na
  • #841,797
  • Oct 14, 2024 11:58am Oct 14, 2024 11:58am
Quoting Zebi
{quote} i don't know the particulars of the starmer government just that his win gave GU a temporary bounce like I said months ago ...so now price will retrace and we'll see his plans so maybe sometime next year GU may go up again.... all I know is currency price goes up when taxes get hiked like under Clinton and fall when taxes get cut like the liz truss fiasco when she wanted to cut LOL companies change their accounting of debt all the time... i think of a currency as the stock price of a country ...the pm or prez as the CEO with parliament...
The idea that a currency measure presidents is ludicrous, at least in the Uk we worked out all parties are as bad. We know our 2 parties are a uni-party con.
I can tell you right now Truss was rejected by the establishment, interest rates and the currency already made there move. I'm no fan of Truss, I'm just saying.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #841,798
  • Oct 14, 2024 12:19pm Oct 14, 2024 12:19pm
Quoting Bones
{quote} The idea that a currency measure a presidents is ludicrous, at least in the Uk we worked out all parties are as bad. We know out 2 parties are a uni-party con. I can tell you right now Truss was rejected by the establishment, interest rates and the currency already made there move. I'm no fan of Truss, I'm just saying. {image}

we're talking about different things... ur talking about debt and I'm talking currency prices...

debts always gonna increase because the human population keeps increasing....get people to stop making babies and debt will start falling all on its own lol

its gonna increase even more from health costs till all the baby boomers drop dead...that's why the debt went up in USA during obamas admin because of the affordable care act which the government subsidizes since we keep tax rates low because of the reagan supply side economic bullshit LOL

I don't know why UK debt increasing which in the bigger scheme of things is irrelevant to GU price since tory policies is whats killed the pound since margret thatcher
short trump and go long the deepstate
  • #841,799
  • Edited 12:38pm Oct 14, 2024 12:27pm | Edited 12:38pm
Quoting Bones
{quote} The idea that a currency measure presidents is ludicrous, at least in the Uk we worked out all parties are as bad. We know our 2 parties are a uni-party con. I can tell you right now Truss was rejected by the establishment, interest rates and the currency already made there move. I'm no fan of Truss, I'm just saying. {image} {image}
it does with American presidents and I've already shown you gbp does with tory governments...rightwing low tax fanatics always make their currency fall LOL

here's the original chart I made 4 years ago and an update...kamala gona take it up to 114 and then 120 from raising taxes like Clinton did

bones...i really don't want to revisit this again...the charts don't bullshit just people in chatrooms do
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short trump and go long the deepstate
  • #841,800
  • Oct 14, 2024 12:40pm Oct 14, 2024 12:40pm
Quoting Zebi
{quote} it does with American presidents and I've already shown you gbp does with tory governments...rightwing low tax fanatics always make their currency fall LOL here's the original chart I made 4 years ago and an update...kamala gona take it up to 114 and then 120 from raising taxes like Clinton did bones...i really don't want to revisit this again...the charts don't bullshit just people in chatrooms {image} {image}
I really wonder why US Presidents from Republic Party mostly brough US Dollar down while who from Democratic Party were in reverse.
With courage, patience, and discipline, success is a matter of time.
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