[quote=KareemAliFx;14150638]
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Why is GBPUSD called cable? 67 replies
Cable Update - Continued 102 replies
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cable short for gbpusd? 6 replies
Disliked{quote} Yea, Nav, to go there, I think we need to move from an inflationary environment to a deflationary one, which could happen for sure. If you take the energy unit price cap set in the UK, I don't think the average person can afford it at the same consumption rate pre-2020. The £2,500 cap is meaningless. The way to look at the cap is a minimum of 3.5times the 2019-20 bill.(electric went from 10p to 35p Unit in October) Like a lot of Trussonomics the domestic cap level only really helps people who can afford it. Domestic energy consumption should...Ignored
Disliked{quote} I expected a drop but i never saw this kind of drop, learned a few thing, market will go where it is going and it is possible to forecast it, I think we can go slightly lower but not more that 200 pips..then it will rise like crazy (but i understand this is wishful thinking also always use a stop loss cause not having it stops u from seeing opportunities, also the market is trying to catch your stop loss, we are hunted, this is definite. Emotionally i was not ready to profit by selling once the war between Russia/Ukraine started, I had this...Ignored
DislikedWeekly CFTC Position. Look at what the big guys doin in the futures. Plan accordingly and follow the smart money! {image}Ignored
Disliked{quote} Hi, Great post, thanks. I think there are technical reasons to consider that there may be a sizeable pullback (that word will mean different things to different traders, depending on the t/f's of interest to them in their trading,) but overall, as far as we know, the new week will open with exactly the same fundamentals as Friday's close, unless something happens over the w/e to affect them, so whatever conclusion people have drawn from them and their likely affect on price going forward over whatsoever time horizon, remains the same. ------------------------------------------------------------------------------------...Ignored
Disliked{quote} Always do the opposite what retail traders do. Stay green and rich.Ignored
Disliked{quote} Yes, the price was manipulated several times. Whenever the price was on a sensitive point of SR, there was a news that broke that area easily. We all know that we always behave strangely in the last 3 months of the year and it is possible to return to 1.25 & maybe 0.8000. My text was not meant to question others & their analysis. I myself don't always analyze correctly & there are days when it is difficult for me to get out of losing trades. I also have a lot of mistakes I am only happy in the...Ignored
DislikedHello guys, below is the historical data of GBPUSD to as far back as year 1974... I did lose 2% of my equities this week which prompted me to find out what's the all time low in order to know where my invalidation of holding on to my buy from 1.10 and 1.11 should be... Post from July 10... Expecting 1.03 within 15 months, now here we are at 1.08... interesting... All time low at 1.0520 recorded February 25 year 1985... {image} {image} {image} {image} {image}Ignored
Disliked{quote} Here is a larger grid so you don't go blind: {image}{image}Ignored
Disliked{quote} I think big trading companies hire normal traders to let them trade on their software and when they make a decision the company uses that signal to trade the opposite direction. - Friday at a very critical moment for me mine MT4 freezed, just once and exactly at the wrong time - This pair could continue in this descending channel. {image}Ignored
DislikedPrice stopped moving down since NY close. Big relief. I have not seen in my trading career such big move. 434 pips. Thank God i stopped trading once I achieved some money. Had I continued to trade in NY session, the way i was trading ( long ) I too would have blown my account. In this scenario, I would expect to see some pull back after finding support in 4hr candle. Currently 1 hr is below, formed support.Ignored
Disliked{quote} Thank You. I wont have done it any differently, except perhaps not trade would have been a better option.Ignored
DislikedBelow parity looks possible after such a big move. Maybe this year. With war, energy prices and USA performing well that looks possible.Ignored