Look at the usd index. Do not see a point it can gain power in future. US DEBTS is getting higher than previous year. Crude Oil price is rising and all countries need the oil. Therefore printing more money is the solution that is what is so called stimulus program. No way Dow Jones is going to drop to 5000 unless it comes to Supercycle 5. Thus I really suspicious on GBPUSD and EURUSD but I do not trade GBPUSD.
Look at the usd index. Do not see a point it can gain power in future. US DEBTS is getting higher than previous year. Crude Oil price is rising and all countries need the oil. Therefore printing more money is the solution that is what is so called stimulus program. No way Dow Jones is going to drop to 5000 unless it comes to Supercycle 5. Thus I really suspicious on GBPUSD and EURUSD but I do not trade GBPUSD.
indeed more money is the solution, if everyone have savings in their bank account and everyone is cash surplus, then who is losing money?
the money supply will dry up and the society and the system will stop functioning after a while.
so to cure all these, there must be "progress" and thus GDP must grow.
To grow gdp, 2 ways - inflation or real growth(new job, increased productivity)
to sum it all up, if u played monopoly before, u know after a while, the money will run out if everyone is still playing
in order to keep playing, either get more money or eliminate other players
same for our current system, it is a system where money supply has to constantly grow
the trick is to grow money just enough so as not to cause excessive inflation
with the current slow down and lower inflation, fed and ecb can pump in extra cash
well, hope this can let most understand how our world economy work and function
get use to it, this is how the game is played
cheers
indeed more money is the solution, if everyone have savings in their bank account and everyone is cash surplus, then who is losing money?
the money supply will dry up and the society and the system will stop functioning after a while.
so to cure all these, there must be "progress" and thus GDP must grow.
To grow gdp, 2 ways - inflation or real growth(new job, increased productivity)
to sum it all up, if u played monopoly before, u know after a while, the money will run out if everyone is still playing
in order to keep playing, either get more money or eliminate other players
same for our current system, it is a system where money supply has to constantly grow
the trick is to grow money just enough so as not to cause excessive inflation
with the current slow down and lower inflation, fed and ecb can pump in extra cash
well, hope this can let most understand how our world economy work and function
get use to it, this is how the game is played
cheers
This is Weekly Chart. Can you imagine how it looks like if this week bar becomes a red bar and the following bar ahead ? Very very funny
ok, shall see if your wave v of C for gbpusd will come
for me, i take a different view
good luck
ps: hmm, in a good mood...back to hiding
This is a possible view. But, it would have to be complete today with the move down which you have to count as a 5 even though wave 4 and wave 1 price ended at the same point. In such a case, price would be heading to the 5800 area.
Unexpected thing is going to be happened. I still remain long at 1.24. Don't you feel weird when the NFP is so bad then it went opposite last week ?
as long account keep expanding, will not be feeling weird
as said before, news are just a distraction, sometime it work with, sometime against
either way, "fundamental" analyst will have the reason why it is so
those expert say gold goes up, usd goes down, really? so call co relationship....lol
i say listen to the waves instead
as long account keep expanding, will not be feeling weird
as said before, news are just a distraction, sometime it work with, sometime against
either way, "fundamental" analyst will have the reason why it is so
those expert say gold goes up, usd goes down, really? so call co relationship....lol
i say listen to the waves instead
I do not know whether we are in same mind because you talk in proverb. My way is long term bull.
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Originally Posted by JoeyLee 
usdollar
