Cable Update (GBPUSD)

Quoting danndc

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{quote} how can they predict the long term? i just want to tell you that for the first half of last year they were predicting to hike and we all know what happened LOL

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Quoting MaryAnne

Disliked

{quote} ummm its a literary expression. cry wolf = give false alarms or signal based on the fairy tale. last year he did it for GBP telling everyone he will rate hike soon and never did = cry wolf aka giving false signal. in the story the boy (a shepherd) did it a few times until people finally got tired of his cries and assumed he was lying. finally one day, the real wolf came and he was eaten since his (genuine) cries then went unheeded

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Quoting Idkurv

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{quote} They are setting target inflation 2% in 2 years time. How they do it, I do not know My trading strategy does not include predicting what comes up, too complex for me only based on released news. by the way, my trading strategy mainly based on technical, i close position when news is going to release. then I will take consideration of news released to see how it could impact technical. happy green pips!

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Quoting MaryAnne

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{quote} yea, 2% in 2 years is reasonable projections. but that also means that rate hikes should come when the 2% target is nearly hit which should be close to the 2 years, agreed? not too sure again, why he claims they can do it within 1 year... v interested in your method. when do you close trades? 15 minutes or 1 hour before news? I find that news does distort the natural order of the flow at times, and trying to figure out when to exit optimally. also, do u reckon it is safe to enter trades 15 minutes after major data is released? ...

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Quoting Idkurv

Disliked

I think in the end many (if not all) countries will be printing money. Global economy will collapse. Which result in one global currency only. So, while there are still multicurrencies, trade it and make green pips out of it!

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Quoting SaiLyfee

Disliked

Sell GBP/USD going into CPI Inflation.... {image}

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Quoting Idkurv

Disliked

I think in the end many (if not all) countries will be printing money. Global economy will collapse. Which result in one global currency only. So, while there are still multicurrencies, trade it and make green pips out of it!

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Quoting Idkurv

Disliked

{quote} I do not have hard rule as to when to close the position before news released. Again, I watch the PA. If tp is reached many hours before news released, I will not open any new position. As to when to enter trade after major data released, I have no hard rule too. For example, when BOJ anmounced it would increase QE, I entered position as soon as possible. If news is not so "major" I will wait until technical confirms. mostly I wait until TA confirms. my 2 cents

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Quoting elbert3

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good 5560 bad 5200 not lower than 5000 unless disaster

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Quoting SaiLyfee

Disliked

Sell GBP/USD going into CPI Inflation.... {image}

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Quoting MaryAnne

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Nice, you also using PVSRA? Which TF do usually use as reference though?

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Quoting SaiLyfee

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{quote} Monitoring the 5 second TF charts

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