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Cable Update (GBPUSD)

  • #852,661
  • Feb 3, 2025 6:56pm Feb 3, 2025 6:56pm
Quoting Macrofx1
{quote} The main types of paper money are government notes, which are directly issued by political authorities, and banknotes issued by banks, namely banks of issue including central banks. In some cases, .
yeah yeah be careful or you're get membership revoked again
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #852,662
  • Feb 3, 2025 7:04pm Feb 3, 2025 7:04pm
Quoting Bones
{quote} yeah yeah be careful or you're get membership revoked again
I never had my membership revoked. I just joined not too long ago. What are you talking about?

This is from forexfactory:
Membership
Forex Factory membership affords many benefits — but it also bears a lot of responsibility. And while membership is free, it can be denied to and revoked from those who do not abide by the code of conduct. Forex Factory is focused on trading, and the overarching expectation for members is that they too are focused on trading. Focusing on the pursuit of trading profits will generally have positive effects on your membership, and straying from trading will generally have negative effects.

I have not broken any rules, besides maybe hurting your feelings?
FED is a 24/7 machine that never runs out of the money
  • #852,663
  • Feb 3, 2025 7:22pm Feb 3, 2025 7:22pm
Quoting Macrofx1
{quote} I never had my membership revoked. I just joined not too long ago. What are you talking about? This is from forexfactory: Membership Forex Factory membership affords many benefits — but it also bears a lot of responsibility. And while membership is free, it can be denied to and revoked from those who do not abide by the code of conduct. Forex Factory is focused on trading, and the overarching expectation for members is that they too are focused on trading. Focusing...
apart from multiple usernames and being banned, see ya
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #852,664
  • Feb 3, 2025 7:30pm Feb 3, 2025 7:30pm
Quoting Bones
{quote} apart from multiple usernames and being banned, see ya
Again I have no idea what you are talking about.
FED is a 24/7 machine that never runs out of the money
  • #852,665
  • Feb 3, 2025 7:43pm Feb 3, 2025 7:43pm
All data points to GBPUSD remaining bearish and going down medium to long term.
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FED is a 24/7 machine that never runs out of the money
  • #852,666
  • Feb 3, 2025 9:04pm Feb 3, 2025 9:04pm
Quoting Macrofx1
All data points to GBPUSD remaining bearish and going down medium to long term. {image} {image}
good analysis and best to your trading.
  • #852,667
  • Edited Feb 4, 2025 2:34am Feb 3, 2025 9:45pm | Edited Feb 4, 2025 2:34am
Checking pa , weekly monthly tf breakout down, likely a rejection immediate and now early running as if reversal attempt! Last attempt corrected too hastily having a big wick down yesterday , should have multi weeks correction down to solid up ! So may correct towards 2340 multiday may have better reversal attempt or pullback just !!so correction down likely not over yet !

Update : ok pa so far , waiting correct may start soon ! In that case sl will at previous high ! Breaks out down at 2414 and signal at 2405
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #852,668
  • Feb 3, 2025 10:32pm Feb 3, 2025 10:32pm
Quoting ninner
{quote} good analysis and best to your trading.
Thank you, I appreciate it. Best to your trading as well.
FED is a 24/7 machine that never runs out of the money
  • #852,669
  • Feb 3, 2025 10:43pm Feb 3, 2025 10:43pm
Quoting Macrofx1
All data points to GBPUSD remaining bearish and going down medium to long term. {image} {image}
This depends. Though long term bearish for me as well but might not fully begin until price touch of 1.27xx.

Wishing you a nice pipping day.
Market Structure is the King.....
  • #852,670
  • Feb 3, 2025 11:03pm Feb 3, 2025 11:03pm
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yes yes yes
  • #852,671
  • Feb 3, 2025 11:08pm Feb 3, 2025 11:08pm
Quoting Macrofx1
All data points to GBPUSD remaining bearish and going down medium to long term. {image} {image}
in my opinion 1.26070 is good to drop .
  • #852,672
  • Feb 3, 2025 11:23pm Feb 3, 2025 11:23pm
i'm in
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yes yes yes
  • #852,673
  • Feb 3, 2025 11:31pm Feb 3, 2025 11:31pm
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yes yes yes
  • #852,674
  • Feb 3, 2025 11:36pm Feb 3, 2025 11:36pm
25 pips drop is expected according to my analysis. GBP/USD more bearish momentum oncoming. It will drop sharply. Take profit at 1.23522
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  • #852,675
  • Feb 3, 2025 11:58pm Feb 3, 2025 11:58pm
Quoting W0lfram
Could be another volatile day. After Monday, probability is skewed towards ~100 pips, compared to general distribution. Anything but whipsaws {image}
  • #852,676
  • Edited 12:55am Feb 4, 2025 12:44am | Edited 12:55am
Quoting Fardeen1209
{quote} Gold Update At h1 Structure QM, take some partials.{image} If H4 close under Qm, we may see price dip and break Upward Trend line. If price were to go more up, ignored QM must become RSF. Works majority of the time. Price move so far is ~28pts equivalent 280pips. Two accounts using same strategy (trend following system), equivalent ~550pips for the day. And yet some still find it hard to milk 10 pip. But got a bigger mouth than their 5 pips strategy.
Will Gold touch 2859??
Long term view
Monthly
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Weekly
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Daily
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With Price broke previous swing high, in an uptrend, going long here carries higher risk and limited reward.

H4 Structure

Attached Image (click to enlarge)
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Powell said, hiring rate was falling, if a spike in layoffss, a jump can be seen in U.R.
With U.R already at structural level, this was definitely a bad sign for the US economy. Match it with the recent growth rate, new bad NFP will push gold higher.

However, Jolts estimate was 7.88, it climb up to 8.01.
So high chance for hiring data to come up above expected.

Trump tariffs also postpone, may reduce pressure of safe haven flows.
China also reverts back without making a scene.

TA:
Recent Upward structure still intact. We may get a swing failure pattern to start the next swing down, or Price climb to 127% of previous swing.
Its better to wait and see. As we dont need to put on trade everyday, what we seek is quality trade.
More time in the market, does not mean you trade better!
  • #852,677
  • Feb 4, 2025 1:05am Feb 4, 2025 1:05am
Quoting Macrofx1
{quote} Yes, governments issue currency through their central banks. This currency is usually in the form of coins and paper bills, also known as fiat money. The government's central bank is responsible for issuing currency. The central bank contracts with a private printer to produce the currency. The central bank distributes the currency to financial institutions. The Federal Reserve System is both public and private, and is considered "independent within the government". It's the central bank of the United States, responsible for overseeing the...
Not only the facts you give, I enjoy your well-formatted and paragraphed style of writing. Kudos.
  • #852,678
  • Feb 4, 2025 1:18am Feb 4, 2025 1:18am
Quoting Macrofx1
{quote} Yes, governments issue currency through their central banks. This currency is usually in the form of coins and paper bills, also known as fiat money. The government's central bank is responsible for issuing currency. The central bank contracts with a private printer to produce the currency. The central bank distributes the currency to financial institutions. The Federal Reserve System is both public and private, and is considered "independent within the government". It's the central bank of the United States, responsible for overseeing the...
Bones just got owns.....
  • #852,679
  • Feb 4, 2025 1:33am Feb 4, 2025 1:33am
Quoting thevisitor
{quote}
And you triggered again
(re-)Count your fascinating waves, boy
Air force
  • #852,680
  • Feb 4, 2025 1:50am Feb 4, 2025 1:50am
Quoting Bones
{quote} apart from multiple usernames and being banned, see ya
You are stable.
Started an argument, didn't say anything smart, changed the subject and ended up shitting your pants, as usual.
Air force
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