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Cable Update (GBPUSD)

  • #852,781
  • Feb 4, 2025 10:27am Feb 4, 2025 10:27am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #852,782
  • Feb 4, 2025 10:27am Feb 4, 2025 10:27am
give it time, it will be relentless
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #852,783
  • Feb 4, 2025 10:28am Feb 4, 2025 10:28am
These are major economy indicators to follow data, for forex. Note LIBOR is now "Secured Overnight Financing Rate (SOFR).
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FED is a 24/7 machine that never runs out of the money
  • #852,784
  • Feb 4, 2025 10:29am Feb 4, 2025 10:29am
Quoting Macrofx1
{quote} Thanks for sharing analysis. Are you referring to GBPUSD pulling back up?
It's all the 3 moves actually...GU
the big down...the one up (couple week ago)...the one down (the one I refer to now) and this one up is continuation. UPTREND
I only follow traders with IQ above 160
Challenge Tour All Time Return: -55.8%
  • #852,785
  • Feb 4, 2025 10:33am Feb 4, 2025 10:33am
You don't get revoked for no reason
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #852,786
  • Feb 4, 2025 10:37am Feb 4, 2025 10:37am
More sell opportunities.
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FED is a 24/7 machine that never runs out of the money
  • #852,787
  • Feb 4, 2025 10:39am Feb 4, 2025 10:39am
Quoting Bones
{quote} People can believe that bullshit he just typed or go to the BoE website, which is the truth. He says the central bank distributes actual money to other banks. As a third grader might think, ask yourself this: how much cash do you ever need to touch? He disputes the Bank of England's explanation for money creation outright is all you need to know. Hes a banned old member so pointless talking any further.
Techanalyst?
Air force
  • #852,788
  • Feb 4, 2025 10:40am Feb 4, 2025 10:40am
Quoting Waveskierrob
{quote} On my way.... {image}
Is that helicopter the same one you gave your wife for her birthday last year for her easy access
to go grocery shopping, avoiding traffic/ parking in city?
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #852,789
  • Feb 4, 2025 10:40am Feb 4, 2025 10:40am
Quoting Macrofx1
{quote} There is no sign with economic indicators that US is near recession. Where is the US recession, can you point to it? DXY performance by presidents, does show the pattern, but it does not happen right away. Takes some time, but this Q1, America wants DXY to be bullish, and us stock market. {image} {image} {image} {image} {image}
Interesting post.
Finally we get to learn from someone who knows his sh*t.

Vix and Inverted yield have many school of thoughts have the view that they no longer a reliable indicator of economic recession.

Could it be because majority economies nowadays are debt driven?
More time in the market, does not mean you trade better!
  • #852,790
  • Feb 4, 2025 10:44am Feb 4, 2025 10:44am
Time
risk management
patience
strategy
strong psychology
MY OPINION NOT FINANCIAL ADVISE
  • #852,791
  • Feb 4, 2025 10:48am Feb 4, 2025 10:48am
Quoting Pat Chiko
{quote} Is that helicopter the same one you gave your wife for her birthday last year for her easy access to go grocery shopping, avoiding traffic/ parking in city?{image}
brought her this for Christmas but for some reason she didn't want it so I had it...
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  • #852,792
  • Feb 4, 2025 10:49am Feb 4, 2025 10:49am
Quoting Fardeen1209
{quote} Interesting post. Finally we get to learn from someone who knows his sh*t. Vix and Inverted yield have many school of thoughts have the view that they no longer a reliable indicator of economic recession. Could it be because majority economies nowadays are debt driven?
Could be. I mean we can't really see when exactly recession will come, but we can just rely on these tools. The 2 or 3 QoQ of bad GDP data, would be one of the signs that economy is in a very bad shape, that way, we would know not to buy that particular equity asset for that country, or currency pair, if anything we would be selling that currency pair vs a strong economically currency pair. For example GBP got some of those data very bad, but USD is still good with GDP, inflation, and so on, than of course you would be selling GBPUSD and it would be falling for weeks or months. Just an example: look at GDP for UK and USA, you can see that USA is doing much better. We do see pullbacks on GBPUSD, but that is also do to Trump, tariffs and the whole world shift in economy, but you follow data, follow supply and demand and price will go there. Take a look at data and look at the daily chart on GBPUSD, and ask yourself, why would you be buying this at the moment?
The trend is bearish.
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FED is a 24/7 machine that never runs out of the money
  • #852,793
  • Feb 4, 2025 10:52am Feb 4, 2025 10:52am
Quoting Bones
{quote} People can believe that bullshit he just typed or go to the BoE website, which is the truth. He says the central bank distributes actual money to other banks. As a third grader might think, ask yourself this: how much cash do you ever need to touch? He disputes the Bank of England's explanation for money creation outright is all you need to know. Hes a banned old member so pointless talking any further.
May be this will help

https://www.usdebtclock.org/world-debt-clock.html

Check it out
  • #852,794
  • Feb 4, 2025 10:58am Feb 4, 2025 10:58am
Quoting Fix-it
{quote} May be this will help https://www.usdebtclock.org/world-debt-clock.html Check it out
I'm just below Turkey from my bad trades...
  • #852,795
  • Feb 4, 2025 11:00am Feb 4, 2025 11:00am
Quoting W0lfram
{quote} Techanalyst?
yes
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #852,796
  • Feb 4, 2025 11:01am Feb 4, 2025 11:01am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #852,797
  • Feb 4, 2025 11:21am Feb 4, 2025 11:21am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #852,798
  • Feb 4, 2025 11:31am Feb 4, 2025 11:31am
The same boring fill the gap and retracement before downtrend prevails....
Wait for Trump to hit EU with tariffs...
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #852,799
  • Feb 4, 2025 11:32am Feb 4, 2025 11:32am
Quoting teprewitt23
{quote} just for a little accuracy i know that is important to you 110.038 is a weekly high really hope this gets tagged before price gets too far away from it. no disagreement here with selling strategy. {image}
Interesting analysis. The Q1-Q3 will depend on inflation, so if inflation is steady around anywhere 2%-3% not going above 3%, short term range should be 110-114, long term 120 by the end of this year. But historically we know that Democrats want bullish DXY and Republicans bearish DXY, but it takes time for that to happen. Just my opinion.
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FED is a 24/7 machine that never runs out of the money
  • #852,800
  • Feb 4, 2025 11:42am Feb 4, 2025 11:42am
Quoting Wavegarrick
{quote} Sometimes a bit of luck in forex helps. Both my buy limits were filled at exactly the same price at 1.23168 which benefits me in this case due to the market gap. I can live with this. On the downside, I had trail stops from older trades that were taken out for a total of 25 pips but who could have foreseen the big gap down. We are back in the channel and a breakout is needed. Onwards and forwards. Trade safe. {image}
Short update on my Gu trades. Zooming out, a Daily breakout and hold above the bullish flag are significant to bulls. I like a test of my yearly pivot at 1.27495.
I hang in
Cheers
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