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Cable Update (GBPUSD)

  • #845,161
  • Edited Nov 13, 2024 1:25am Nov 12, 2024 10:27pm | Edited Nov 13, 2024 1:25am
Checking pa , no good support yet and range likely possibly down continue !

smallerb tf pa . h1 close 2737/ low may 2730 if hold then price may test 2767! . watching for it first .
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #845,162
  • Nov 12, 2024 10:54pm Nov 12, 2024 10:54pm
Quoting Pat Chiko
GJ Scalping set up SHORT (when correction complete.) {image} {image} {image}
GJ

Trying some luck
Scalping set up
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #845,163
  • Nov 12, 2024 11:01pm Nov 12, 2024 11:01pm
Trump's tariffs
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BTW........China will pay for the tariffs” is the new Mexico will pay for the wall.

As politician said is " Millions of new manufacturing jobs , millions of deportations , so many jobs , YUGE tariffs, "
but...........unemployment at 4.1 now, ... what could go wrong ?
I come from the future.
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  • #845,164
  • Nov 12, 2024 11:13pm Nov 12, 2024 11:13pm
Quoting Pat Chiko
Trump's tariffs {image} BTW........China will pay for the tariffs” is the new Mexico will pay for the wall. As politician said is " Millions of new manufacturing jobs , millions of deportations , so many jobs , YUGE tariffs, " but...........unemployment at 4.1 now, ... what could go wrong ?
Wonder if China would pay off my EU downdraw , worth asking, will give them a call in the morning ...
  • #845,165
  • Nov 12, 2024 11:13pm Nov 12, 2024 11:13pm
Quoting Pat Chiko
Trump's tariffs {image} BTW........China will pay for the tariffs” is the new Mexico will pay for the wall. As politician said is " Millions of new manufacturing jobs , millions of deportations , so many jobs , YUGE tariffs, " but...........unemployment at 4.1 now, ... what could go wrong ?
Totally agreed. Governments don't pay other governments taxes or tariffs. It's the companies.

Another misconception is that Trump and Elon will fire many public servants like Twitter fired it's employees, but it's almost impossible to fire a regular public servant.

I do like the fact that Gold prices are falling since Trump won though. We saw an enormous inflation around the world during pandemic + during Biden and Yellen's spell.

I hope Gold can go back to where it was last year so an average person can at least have the buying power they did a year ago.
You have to have an IQ higher than 90 to interact with this user.
  • #845,166
  • Nov 12, 2024 11:26pm Nov 12, 2024 11:26pm
US CPI


The USD is getting stronger.
Analysts say Trump’s policies could boost investment.
Spending might increase too.
Demand for workers could go up.

All of this may raise inflation risks.
FED might respond by tightening monetary policy.

Trump V1 ( 2017 to 2021.)
Tariffs on China caused prices to rise in some areas.
FED usually considers this kind of inflation, but tariffs can make managing inflation harder, especially when it isn’t driven by consumer demand.

Considering Trump’s policies on providing arms to Ukraine, Israel, and Taiwan ;
U.S. taxpayer money might be better spent on infrastructure, healthcare, education, and addressing homelessness—(unless, of course, he also ends up taking a cut like his predecessor.)
I come from the future.
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  • #845,167
  • Nov 12, 2024 11:30pm Nov 12, 2024 11:30pm
i'm surprised, a lot.
nobody said about yesterday's drop "priced in" the uncompromising
  • #845,168
  • Nov 12, 2024 11:34pm Nov 12, 2024 11:34pm
Quoting Nordling
{quote} Totally agreed. Governments don't pay other governments taxes or tariffs. It's the companies. Another misconception is that Trump and Elon will fire many public servants like Twitter fired it's employees, but it's almost impossible to fire a regular public servant. I do like the fact that Gold prices are falling since Trump won though. We saw an enormous inflation around the world during pandemic + during Biden and Yellen's spell. I hope Gold can go back to where it was last year so an average person can at least have the buying power...

Elon Musk and Vivek Ramaswamy will run the Department of Government Efficiency.
"Will Musk bring his Twitter-style job cuts here too?"

It’s a fair question.
as for Twitter, he slashed 80% of the workforce, showing he’s not afraid to cut deep to streamline things.
It’s possible in theory, but every cut comes with serious risks.
I come from the future.
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  • #845,169
  • Nov 12, 2024 11:34pm Nov 12, 2024 11:34pm
Added long 1.2741

the first long 1.286
  • #845,170
  • Nov 13, 2024 12:24am Nov 13, 2024 12:24am
gu on the break of the trend line.1.2740
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  • #845,171
  • Nov 13, 2024 12:29am Nov 13, 2024 12:29am
Like to be but trade with conformation
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  • #845,172
  • Nov 13, 2024 12:37am Nov 13, 2024 12:37am
Quoting Nordling
{quote} Totally agreed. Governments don't pay other governments taxes or tariffs. It's the companies. Another misconception is that Trump and Elon will fire many public servants like Twitter fired it's employees, but it's almost impossible to fire a regular public servant. I do like the fact that Gold prices are falling since Trump won though. We saw an enormous inflation around the world during pandemic + during Biden and Yellen's spell. I hope Gold can go back to where it was last year so an average person can at least have the buying power they...
GOLD

coming for corrective phase.
This set up for scalping only.
Based on my guessing..
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  • #845,173
  • Nov 13, 2024 12:48am Nov 13, 2024 12:48am
Quoting Waveskierrob
{quote} Wonder if China would pay off my EU downdraw , worth asking, will give them a call in the morning ...
That is very possible with one ( yes only one) condition
Change your name from Mr Quid to Mr. Yuan.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #845,174
  • Nov 13, 2024 12:53am Nov 13, 2024 12:53am
Quoting Pat Chiko
{quote} That is very possible with one ( yes only one) condition Change your name from Mr Quid to Mr. Yuan. {image}
Only 17...
  • #845,175
  • Nov 13, 2024 1:01am Nov 13, 2024 1:01am
GU

Scalping set up
I'm guessing price maybe go to 1.25 (just maybe)

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #845,176
  • Nov 13, 2024 1:13am Nov 13, 2024 1:13am
Looking to Short GU aswell @ 1.2737.

All I see on my desk is Short for now.

Risk management is key.

Have a nice pipping day friends and buddies.
Market Structure is the King.....
  • #845,177
  • Nov 13, 2024 1:16am Nov 13, 2024 1:16am
Quoting Pat Chiko
GU Scalping set up I'm guessing price maybe go to 1.25 (just maybe) {image}
Pat, this is a long term direction. Usually, there is the need to form zigzag before getting to this point.

But you may also be correct.

Nice day trading.
Market Structure is the King.....
  • #845,178
  • Nov 13, 2024 1:40am Nov 13, 2024 1:40am
Quoting fontu
Checking pa , no good support yet and range likely possibly down continue ! smallerb tf pa . h1 close 2737/ low may 2730 if hold then price may test 2767! . watching for it first . {image} {image} {image} {image}
with rounded up numbers it’s resistance at 12750 70 90
whilst support seems to be 12730 as we are at the bottom of the channel we could see another breakdown to lowers

there is US data today which may help the pair get to 126. If however what we’ve seen is sell the rumour and buy the fact we might end up seeing a move to 128 again which then opens up back to 12850 tomorrow should the volume traffic be a bit mute.
Insane in the Brain..
  • #845,179
  • Nov 13, 2024 1:43am Nov 13, 2024 1:43am
Quoting Abeylyn
{quote} Pat, this is a long term direction. Usually, there is the need to form zigzag before getting to this point. But you may also be correct. Nice day trading.
Thanks for your comment.
Just a ball park chart direction.

Seldom want to post detail chart.
But will do in due time as price move along.
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  • #845,180
  • Nov 13, 2024 1:50am Nov 13, 2024 1:50am
Quoting Waveskierrob
{quote} Only 17...
YES, She's 17
Song by Paul Anka - Leona

Inserted Video
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