Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Cable Update (GBP/USD) without Idiots 23 replies

Is it just me or is cable acting random? 44 replies

Why is GBPUSD called cable? 66 replies

Cable (GBPUSD) vs Euro (EURUSD) 26 replies

cable short for gbpusd? 6 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

Quoting Vincent1
1.1234
It looked like a hanging man last week, now it's an evening star, with a close under last week low
What a powerful signal

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2023-02-03_21-28-30.png Size: 1 KB
Have a great weekend all end of a profitable day.. now next week will be fun. Potential correction for about 100 pips and more down?
Made 0.7% profit trading USDCHF. Does it make me a great trader? NO!

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH4.png Size: 13 KB
Quoting genadi
Made 0.7% profit trading USDCHF. Does it make me a great trader? NO! {image}

It makes you a better trader than all the traders that lost money today
Stubborn, often slow but still learning!
stay away from all indicators...learn very hard to use volume...that's all
Quoting BeeTogether
Have a great weekend all end of a profitable day.. now next week will be fun. Potential correction for about 100 pips and more down?
Have a great weekend Bee2 you and all.

No wick yet, my guess we need solder no 3, reaching circa 11870.
Monday most of times continuation of Fridays trend.

Congrats to your profits to others sorry if you had to take a loss. You will regain.
Quoting FederalTrade
stay away from all indicators...learn very hard to use volume...that's all
Would you please share some resources about volume trading that you've learned from them?
Quoting FederalTrade
stay away from all indicators...learn very hard to use volume...that's all
what volume and where is that volume data that is useful?
Quoting Jolita
{quote} Have a great weekend Bee2 you and all. No wick yet, my guess we need solder no 3, reaching circa 11870. Monday most of times continuation of Fridays trend. Congrats to your profits to others sorry if you had to take a loss. You will regain.
After the moves Thursday and Friday that in no way reflected the economic news, it will be interesting to see what happens Monday!

My brain is getting twisted to align with this belief that the algo's controlling fx rates simply chase achievable contracts, that said hopefully those achievable contracts reflect economic realities!
Stubborn, often slow but still learning!
We can be at a good s and r region currently
Attached Image (click to enlarge)
Click to Enlarge Name: 2023-02-04.png Size: 63 KB
Quoting FederalTrade
stay away from all indicators...learn very hard to use volume...that's all

That said there are indicators that attempt to reflect volume (either tick volume, available volume data or CME futures volume - trying to make the best of a weak situation)!
Stubborn, often slow but still learning!
Quoting dantpm
{quote} After the moves Thursday and Friday that in no way reflected the economic news, it will be interesting to see what happens Monday! My brain is getting twisted to align with this belief that the algo's controlling fx rates simply chase achievable contracts, that said hopefully those achievable contracts reflect economic realities!
Which move exactly didn't reflect the economic news? You had strong upside surprise in NFP and that made the market reprice US yields which boosted that long awaited USD. Look at us 10y yield vs USDJPY relationship to see what i mean. Cheers. This was pure USD boost that we had.
Quoting dantpm
{quote} After the moves Thursday and Friday that in no way reflected the economic news, it will be interesting to see what happens Monday! My brain is getting twisted to align with this belief that the algo's controlling fx rates simply chase achievable contracts, that said hopefully those achievable contracts reflect economic realities!
Economical news on Thu and Fri made money return to US dollar.
Feds shown confidence and on the right path. Todays NFP doubled in numbers, this was Bidens aim, achieved. Economy is improoving, signs of recession are fading.
Positivity made stocks rise.

Bank rate increase in UK will only make situation worse. Unions on strike, goverment not making any changes. After watching Bailey's interview not sure situation can improve.
Quoting Jolita
{quote} Have a great weekend Bee2 you and all. No wick yet, my guess we need solder no 3, reaching circa 11870. Monday most of times continuation of Fridays trend. Congrats to your profits to others sorry if you had to take a loss. You will regain.
Have fun!

Somehow, I have become much more calmer when I lose then when I win.
Funny is the way of FX..
Quoting catch22
{quote} Which move exactly didn't reflect the economic news? You had strong upside surprise in NFP and that made the market reprice US yields which boosted that long awaited USD. Look at us 10y yield vs USDJPY relationship to see what i mean. Cheers. This was pure USD boost that we had.
NFP was one of many indicators that the FED uses to guide them. The reported December data was more than 3x greater than the data reported in any other month in 2022 and 5x greater than the preliminary data on Wednesday this week! The US$ has weakened simply because it isn't significantly stronger than the other currencies. The US economy is suffering less than most of the European economies but more than most global economies because of this war that the US/Ukraine continues to fight with Russia. I find it deploring that Pres. Biden brags about bringing jobs from Europe to the US as a success of his presidency!
The USD boost was and is fictional at best.
Stubborn, often slow but still learning!
Quoting SnailFX
{quote} Have fun! Somehow, I have become much more calmer when I lose then when I win. Funny is the way of FX..
Thanks, likewise!

Lol. You must master your wins.

I am trying my best , loss is not acceptable, don't know how long will last.
Attached Image (click to enlarge)
Click to Enlarge Name: _20230203_214457.JPG Size: 35 KB
Which news Channel do you guys follow for EURUSD currency pair ?
Quoting Wixibix
Which news Channel do you guys follow for EURUSD currency pair ?
Check out the links in this post.
You may start to change your perception of how to source and manage forex news.

https://www.forexfactory.com/thread/...6#post14290556
Stubborn, often slow but still learning!
"mafeking edit piaff chans on TOWNSHIPS rights xxx received music hall swinger @ The El Mocambo" free beers all around stone cold sober....cheers hebrewcreek russian longhorns up the mercury MERLIN
the party on
Inserted Video
Relax, focus and trade what you see. Copyright
Quoting Jolita
{quote} Economical news on Thu and Fri made money return to US dollar. Feds shown confidence and on the right path. Todays NFP doubled in numbers, this was Bidens aim, achieved. Economy is improoving, signs of recession are fading. Positivity made stocks rise. Bank rate increase in UK will only make situation worse. Unions on strike, goverment not making any changes. After watching Bailey's interview not sure situation can improve.
Jolita, these were two of the many data points that the FED looks at. The impact was far too great for changes in component indicators, indicators which are subject to revision.
Stubborn, often slow but still learning!
114 traders viewing now, 41 are members:
Mmtr
,
BeeTogether
,
p4pramey
,
josip
,
mohrali
,
,
TraderMarvin
,
,
yuht
,
Moty
,
,
Invisiblex
,
ba0ba0king
,
Waveskierrob
,
davinci79
,
haja
,
Up-trend
,
greenpips4
,
,
Hilts
,
Trek
,
Adabs1
,
Affie
,
dip288
,
coyoteuglyxxx
,
askalt1980
,
Noobiegaurav
,
odges
,
,
Roger17m
,
,
Katanashino
,
MidnightRun
,
wyattrcw
,
,
sethmaingi55
,
aerowisp
,
eugenerated
,
jbwtoday
,
,
FXGold99