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Cable Update (GBPUSD)

  • #844,721
  • Nov 7, 2024 5:00am Nov 7, 2024 5:00am
This CPI is very likely hot over the next 2 reads, that's why rates go up or stay up even though they lowered
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #844,722
  • Nov 7, 2024 5:03am Nov 7, 2024 5:03am
Quoting Nordling
{quote} Yea thats why i can put up a TE and live trade while u can't
I'm pointing out the fundamental reason it's not acting as you expect and I'm right about that
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #844,723
  • Nov 7, 2024 5:07am Nov 7, 2024 5:07am
Why is GU acting so irrational now, prices are rising for no reason
  • #844,724
  • Nov 7, 2024 5:12am Nov 7, 2024 5:12am
Quoting Abeylyn
{quote} Probably limited to the current support at 1.2835/60 zone. That equate the average daily range. In that case, price will still be confined within the existing Range high/low. Touch of 2750/66 will surely be the best
Already stopped out @ 1.2959. 28 pips hit.

Ohhh! too deep.
Market Structure is the King.....
  • #844,725
  • Nov 7, 2024 5:13am Nov 7, 2024 5:13am
Quoting Bones
{quote} I'm pointing out the fundamental reason it's not acting as you expect and I'm right about that
Gilts are goin up for the same reason, priced in dovishness is now old news and gone. Its now free of dovish pressure. Just like the currency. Yields shouldn't be treated as "leading instruments" bc they literally go up and down at the same time with the currency. If you expect yields to lead the way then it will be a problem.

If u don't believe it, try picking a direction on the currency based on yield movements and see it for yourself. Been there done that when i was a newbie and it doesn't work unless you are lucky to pick a trend.
You have to have an IQ higher than 90 to interact with this user.
  • #844,726
  • Nov 7, 2024 5:17am Nov 7, 2024 5:17am
Quoting Nordling
{quote} Yea thats why i can put up a TE and live trade while u can't
You haven't even hit 3 digit trades total. I wouldn't jerk yourself off too hard until you have some real fucking experience.
Congratulations ScalaFX for coming out of the closet!
  • #844,727
  • Nov 7, 2024 5:19am Nov 7, 2024 5:19am
Quoting nubcake
{quote} You haven't even hit 3 digit trades total. I wouldn't jerk yourself off too hard until you have some real fucking experience.
Still better than showing nothing and just yapping like you clown
You have to have an IQ higher than 90 to interact with this user.
  • #844,728
  • Nov 7, 2024 5:22am Nov 7, 2024 5:22am
Quoting Nordling
{quote} Still better than showing nothing and just yapping like you clown
No. Because while you run around like a retarded chihuahua yapping your stupid little face off, other people actually know some things. But you just keep making noise, like every other idiot.

You literally have no value.
Congratulations ScalaFX for coming out of the closet!
  • #844,729
  • Nov 7, 2024 5:26am Nov 7, 2024 5:26am
Quoting nubcake
{quote} You haven't even hit 3 digit trades total. I wouldn't jerk yourself off too hard until you have some real fucking experience.
only one jerking you off is bill, lets set this straight
People don't plan to lose. They lose because they don't plan.
  • #844,730
  • Nov 7, 2024 5:28am Nov 7, 2024 5:28am
Reeves budget was as bad as Truss, its simply at a higher level to start with
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #844,731
  • Nov 7, 2024 5:31am Nov 7, 2024 5:31am
Short at : 1.2963
Sl : 1.2978
Tp: TBD
  • #844,732
  • Nov 7, 2024 5:34am Nov 7, 2024 5:34am
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yes yes yes
  • #844,733
  • Nov 7, 2024 5:47am Nov 7, 2024 5:47am
Quoting Bones
Reeves budget was as bad as Truss, its simply at a higher level to start with {image}
The same is expected to happen with Trump fiscal deficit control.
Some economists are saying that FOMC members talk about strong US economy even though 2 successive quarter GDP came in red in 2022 but screamed strong labour market which majority were foreign and part timers holding the job market and the gdp figure holding up largerly based on govt spending- a debt driven economic growth.

Removing the 2 factors, the real picture will show how weak labour market and us gdp actually is..

With tariffs- import price is expected pressure inflation.

Last week NFP data give a reality check.

Whats your thought on the future US economic condition?
More time in the market, does not mean you trade better!
  • #844,734
  • Nov 7, 2024 5:54am Nov 7, 2024 5:54am
Quoting Nordling
{quote} Gilts are goin up for the same reason, priced in dovishness is now old news and gone. Its now free of dovish pressure. Just like the currency. Yields shouldn't be treated as "leading instruments" bc they literally go up and down at the same time with the currency. If you expect yields to lead the way then it will be a problem. If u don't believe it, try picking a direction on the currency based on yield movements and see it for yourself. Been there done that when i was a newbie and it doesn't work unless you are lucky to pick a trend.
Agreed it was and is never yield that move market, but actual flow of funds. Those funds tend to move in herd.

And they are swing and trend setting
More time in the market, does not mean you trade better!
  • #844,735
  • Nov 7, 2024 5:56am Nov 7, 2024 5:56am
Range time until FOMC
Insane in the Brain..
  • #844,736
  • Nov 7, 2024 5:57am Nov 7, 2024 5:57am
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yes yes yes
  • #844,737
  • Nov 7, 2024 6:00am Nov 7, 2024 6:00am
Quoting suhas316
Still negative on 4H chart 2 sell zones for me.. Let's see {image}
I will wait till 1.3030/49.

Suppose to lock in about 30 pips in my previous short but ended up given out 28 pips.

Need to improve on my ability to respond to price changeover irrespective of news event.
Market Structure is the King.....
  • #844,738
  • Nov 7, 2024 6:07am Nov 7, 2024 6:07am
Quoting Fardeen1209
{quote} The same is expected to happen with Trump fiscal deficit control. Some economists are saying that FOMC members talk about strong US economy even though 2 successive quarter GDP came in red in 2022 but screamed strong labour market which majority were foreign and part timers holding the job market and the gdp figure holding up largerly based on govt spending- a debt driven economic growth. Removing the 2 factors, the real picture will show how weak labour market and us gdp actually is.. With tariffs- import price is expected pressure inflation....
I think the markets are pricing risk and inflation for the US as well, we have to see if the FED can bring down yields.
Either way, the budget doesn't add up at all.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #844,739
  • Nov 7, 2024 6:11am Nov 7, 2024 6:11am
Quoting Pat Chiko
{quote} GU Some beginners luck with scalping........{image}
GU

Some lucky trades.,

May FOMC bring the momentum to break the structure going up.
If no break, then continue down.

Taken some 72 pipis from scalp.
Balance on positive stop
For now, I try some luck to hlod the LONG.
May add later if my luck say so.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #844,740
  • Nov 7, 2024 6:11am Nov 7, 2024 6:11am
same 2962 plus move with news ! now waiting a set up at a top now , signa 2957 and top failure limit 2946 for target 2903 again!
unfinished job may to do in eurusd following best pa ! signals there 0777 and 0771 to start with
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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