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Cable Update (GBPUSD)

  • #854,201
  • Edited 12:35pm Feb 15, 2025 10:49am | Edited 12:35pm
Quoting BeeTogether
{quote} that would be the area I’d likely buy from
may test correct 2567, 33 and even 21 before top bounce direct , if fail the 2389 likely test to have a support ! daily weekly under strong triple resistance and may difficult break so easily and for much more bounce 50- 100 pips ok though !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #854,202
  • Feb 15, 2025 10:55am Feb 15, 2025 10:55am
I think I came up with something that you all might like it.
If you remember, I have a custom indicator that don't change direction (or colors) often, so it is reliable.
There are a few ways to look at my take based on the picture, depending on your preference.
I give, you choose what you want to take. =)

Key takeaway TLDR is GBPUSD is moving towards upside after dropping for almost 4 months since early Oct 2024.
So, position yourself to Long is important to capture the trend, don't forget risk management too, going too heavy in Long can bite you if market shifts unexpectedly.

Option 1:
See that 2 horizontal blue line I drew? That's the area of great buying opportunity, the so called Discounts while shopping for groceries.
1.24564 to 1.25106 is a great area to place limit buy orders.
It may or may not hit, wait for lower price at your own risk.

Option 2:
Buy small lots every day as long as the custom indicator is still green (uptrend), so you don't risk blow your account if the trend doesn't hold.
The longer the uptrend holds, the more Buys you accumulate, you decide when to take profit.
You never know if the market gives you discount or not, so the best bet is just to buy small bits every day so you don't miss out on a potentially strong uptrend.

Option 3:
More or less the same as Option 2, but safer, at the cost of lowering some profits.
Buy only if that day drops by a certain pips, doesn't have to drop a lot, maybe 10% or 20% ATR? Just make sure it drops some, so you scoop up the discounted deal.
Don't buy or add to your positions if GBPUSD goes up, so you don't risk buying the top.

I have a profitable stock trading method, with trade explorer attached to my signature.
But that doesn't stop me from scratching that FX itch in me, who knows I might just return back to FX and reopen the FX account to leisurely trade this. =)
Low risk if trend doesn't hold, good reward if trend does hold, buying bits every day ensure you don't miss the trend while keeps you from blowing up your account due to over exposure. Keep it simple, stop your greed, maintain a clear mind.
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  • #854,203
  • Feb 15, 2025 11:00am Feb 15, 2025 11:00am
Quoting Reverso
I think I came up with something that you all might like it. If you remember, I have a custom indicator that don't change direction (or colors) often, so it is reliable. There are a few ways to look at my take based on the picture, depending on your preference. I give, you choose what you want to take. =) Key takeaway TLDR is GBPUSD is moving towards upside after dropping for almost 4 months since early Oct 2024. So, position yourself to Long is important to capture the trend, don't forget risk management too, going too heavy in Long can bite you...
Welcome back
  • #854,204
  • Feb 15, 2025 11:02am Feb 15, 2025 11:02am
Quoting Merka
{quote} Welcome back
Thanks, I hope I can give back to the community after absorbing so much during my lurking days in the forum.
Now that I have much better clarity at trading, I think I am ready to come back here to actively contribute.
2025 is the year bois.
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Freedom you deserve. All Time Return: 63.8%
  • #854,205
  • Feb 15, 2025 11:11am Feb 15, 2025 11:11am
My view
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  • #854,206
  • Feb 15, 2025 11:22am Feb 15, 2025 11:22am
Quoting RoelsMajor
{quote} I said again and again, actually, there’s no connection at all. Many studies have investigated it, and none of them show any significant results of 0.99 or 1; it’s just suggestion, and this is no better than astrology predictions. It’s up to you. I think it’s wiser to look at the table year by year showing who printed more money during their time, rather than blaming the Democratic or Republican parties. That will clearly show who has poor control over the budget deficit and who can’t restrain themselves from printing more money through...
Maybe, we will have to wait and see. But my analysis points to Dollar bearish for now. Economic numbers are cooling off, and some are hot in a not good way. Plus supply/demand on the charts.
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  • #854,207
  • Edited 1:03pm Feb 15, 2025 12:11pm | Edited 1:03pm
Quoting Datatrades1
{quote} Maybe, we will have to wait and see. But my analysis points to Dollar bearish for now. Economic numbers are cooling off, and some are hot in a not good way. Plus supply/demand on the charts. {image} {image} {image} {image}
Different methods. If you're in it for the long term, then it's good to look at it from a macro perspective, but many of us are daily scalpers, so we're forced to gamble in the noise every day.

From this data, it's clear that Trump is not good for the US Dollar in the macro sense, as he is pro-printing large amounts of money to stimulate the economy/businesses, even when businesses don't need stimulation or, say, unfortunately, there was COVID-19.

However, this data is not more significant than the current inflation or deflation of the US Dollar, which I think is more closely related to the monthly fluctuations of the US Dollar rate (especially to GBP).

From here, if you want to gamble daily on fluctuations (noisy daily movements), leaning more towards buy or sell, combine it with technical analysis. But, of course, it’s difficult with many pairs to choose from—unless you focus on just this one.

Edit
Add number:
USD Inflation: +0.40%
GBP Inflation: +0.39%
EUR Inflation: +0.20
CAD Inflation: +0.14%

CAD > EUR > GBP > USD
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  • #854,208
  • Edited Feb 16, 2025 8:44am Feb 15, 2025 12:38pm | Edited Feb 16, 2025 8:44am
Quoting Waveskierrob
.it's a blessing to be on a thread that has so many political experts, suprises me why they bother with this little thread and not be off running some country...
What is most interesting is Musk is repeating most of my posts out of nowhere
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  • #854,209
  • Feb 15, 2025 12:42pm Feb 15, 2025 12:42pm
Quoting Bones
{quote} What is most interesting is Musk is repeating most of my posts out of nowhere {image}
Maybe interesting for you but not the rest of us...
  • #854,210
  • Feb 15, 2025 12:43pm Feb 15, 2025 12:43pm
Quoting W0lfram
Popular topic today? Dates: from election to election max.depr = from open (election) to low during a term {image} {image} {image}
Problem solver. . this is a Godly way of doing things.
Data + Stat + Risk/Emotions Management
  • #854,211
  • Feb 15, 2025 12:53pm Feb 15, 2025 12:53pm
Quoting Georginson
{quote} There may even be an overshoot sell to 1.24 area to scare the bulls. Overall we are in strong bull territory. Expected range this quarter is between 650 - 800 pips, this means 1.2750 - 1.2900 is a real possibility within 6 weeks.
Ethereum is down 3% just like the weekend we had 100 pips gap down or thereabouts on GU. I suspect we might get another huge gap down. TP for my shorts are 2450. They are only scalps in a sense because so long as 2366 lives on, in my books, bull are currently winning.
  • #854,212
  • Feb 15, 2025 3:19pm Feb 15, 2025 3:19pm
Quoting Waveskierrob
{quote} Maybe interesting for you but not the rest of us...
Come on, why so serious? Markets are closed, it's between classes and we are throwing paper balls during the recess to unwind.
  • #854,213
  • Feb 15, 2025 3:25pm Feb 15, 2025 3:25pm
Quoting OutThere
{quote} Come on, why so serious? Markets are closed, it's between classes and we are throwing paper balls during the recess to unwind.
....yea but it's Bones...
  • #854,214
  • Feb 15, 2025 9:36pm Feb 15, 2025 9:36pm
Quoting OutThere
{quote} I see, so Trump isn't/wouldn't/won't meddle in other countries' affairs and kill people all over the world, including 40 thousand people recently in Palestine? Because he is a republican and they don't do bad stuff like that? I'm out.
Whether it's the Democratic Party or the Republican Party, it's the same difference. The glaring weakness of democracy is that it divides people into two opposing factions, escalating to civil war or senators being bribed and politicians bought by wealthy lobbying organizations, which then steer all political policies of your leaders. For example, Israel’s "Zionist" AIPAC gave $300 million to Trump to continue his policies over Palestinian land and to ensure the U.S. keeps selling weapons to them. Demo-crazy is not the best system and will have to adapt again in the future. If you speak openly about this while working in the U.S. or Europe, you might have lost your job in the past, but now it’s more stable—countless people dare to speak out. Politics and politicians are a disgusting social science (to me).

If merely serving as a political representative or cooperation envoy in another country, that’s acceptable. However, idolizing political leaders more than ordinary citizens who contribute to building the nation—such as farmers, applied scientists, or engineers—is lel thing , unless their work yields truly meaningful results.
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  • #854,215
  • Feb 15, 2025 10:27pm Feb 15, 2025 10:27pm
Quoting RoelsMajor
{quote} Whether it's the Democratic Party or the Republican Party, it's the same difference. The glaring weakness of democracy is that it divides people into two opposing factions, escalating to civil war or senators being bribed and politicians bought by wealthy lobbying organizations, which then steer all political policies of your leaders. For example, Israel’s "Zionist" AIPAC gave $300 million to Trump to continue his policies over Palestinian land and to ensure the U.S. keeps selling weapons to them. Demo-crazy is not the best system and will...
that's not exactly how it works here...they're two partys with an occasional third because we don't have a parliamentary government...the founding fathers didn't want a monarchy or parliamentary system like englands but it kept vestiges of the parlimentary concept

where britons vote for their local members for parliament they don't have a say in who will represent them as prime minister...that's up to the MP's to vote on some idiots like boris johnson and liz truss LMAO

our founding revolutionaries didn't want that shit but they didn't trust the public that much either so they created the electoral college which votes for the president ....but they are bound to vote for the candidate winning the popular vote of their state...so its kinda sorta parliamentary but it isn't LOL

we get to choose our president in this democracy between 2 or sometimes 3 party candidates instead of not having a say at all in who becomes prime minister in britains parliamentary system

I don't know enuf about Indonesia's political system to comment at the moment but it doesn't sound like its truly democratic since the military has a say in your government...don't it?.l..which is verboten in ours

here's what wiki has to say

The 1945 constitution provided for a limited separation of executive, legislative and judicial power. The governmental system has been described as "presidential with parliamentary characteristics"

and

The Economist Intelligence Unit rated Indonesia a "flawed democracy" in 2023.

you cant compare American apples to europes and your country's oranges
short trump and go long the deepstate
  • #854,216
  • Edited Feb 16, 2025 3:39am Feb 15, 2025 10:52pm | Edited Feb 16, 2025 3:39am
Quoting Zebi
{quote} that's not exactly how it works here...they're two partys with an occasional third because we don't have a parliamentary government...the founding fathers didn't want a monarchy or parliamentary system like englands but it kept vestiges of the parlimentary concept where britons vote for their local members for parliament they don't have a say in who will represent them as prime minister...that's up to the MP's to vote on some idiots like boris johnson and liz truss LMAO our founding revolutionaries didn't want that shit but they didn't trust...
Yes, Indonesia's democratic system is indeed flawed, and I’m not comparing it to others. As you said, each country has its own context. Since the Reform era in Indonesia, power has been separated, and the military is no longer allowed to interfere in politics—though retired military personnel are permitted to enter politics. The military here once held significant influence, historically to counter communism. The first president was aligned with Russia and China, while the second president was a CIA ally. Communism here was seen as sidelining religion, while the military was perceived as closer to religious values, though things are more mixed now.

I’m comparing this to Aceh, one of Indonesia’s foundational provinces. We once had a parliamentary system with a Sultan as the ceremonial head of government. The Sultan was elected by representatives from sovereign regions, but actual governance was carried out by a Prime Minister. Later, British and Dutch trading alliances colonized Indonesia, with Aceh being the last to fall—though not easily, as they suffered heavy losses and casualties here.

The Netherlands, a small European country, built the largest trading empire in history and became immensely wealthy after colonizing Asia (VOC), despite once begging for funds from fellow European nations and praising Asia.

Personally, I think it’s okay to compare apples to oranges—or even mangoes—to better understand context, not just to psycho-babble jargon.
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  • #854,217
  • Feb 15, 2025 11:45pm Feb 15, 2025 11:45pm
Quoting Pat Chiko
{quote} EU Scalp SHORT{image}
EU

My guessing on next trade.

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Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #854,218
  • Feb 15, 2025 11:47pm Feb 15, 2025 11:47pm
Quoting Pat Chiko
{quote} GU SHORT Scalp{image}
CABLE

guessing the trade next week
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  • #854,219
  • Feb 15, 2025 11:56pm Feb 15, 2025 11:56pm
Invisible weekend,
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I come from the future.
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  • #854,220
  • Feb 16, 2025 1:53am Feb 16, 2025 1:53am
Quoting Pat Chiko
Invisible weekend,{image}
Something to hide...

Never known the reason to be invisible but each to their own...
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