I wanna be a billionaire so freaking bad!
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Why is GBPUSD called cable? 67 replies
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DislikedLong at 1.2475. This could be the low for this week. I'm still in buy dip mode so I think this is a good spot to load up.Ignored
DislikedBy the way did you notice the huge bear trap candle around 4:30 AM EST (9:30 AM London time). The cable and other currencies just love to print these huge scary bullshit candles after the London's open, to trap the bears or the bulls, depending on market's direction. Unfortunately I was asleep at that time, I cannot trade London given the shitty time zone I am in. {image}Ignored
DislikedBy the way did you notice the huge bear trap candle around 4:30 AM EST (9:30 AM London time). The cable and other currencies just love to print these huge scary bullshit candles after the London's open, to trap the bears or the bulls, depending on market's direction. Unfortunately I was asleep at that time, I cannot trade London given the shitty time zone I am in. {image}Ignored
Disliked{quote} Oh yes it is, these huge trap candles appear almost routinely during the London session (not necessarily on the cable), to entice unsuspecting day-traders to buy or sell almost at the exact high/low of the day (in other words at the worst possible price), and then the real trend begins, the other way of course... And why would any profit taking activity be that sudden anyway, and at almost always the same time period of the day?? "The market is never obvious. It is designed to FOOLmost of the people, most of the time." Legendary trader Jesse...Ignored