Cable Update (GBPUSD)

Quoting martinez1

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Why is that all my profit i make 70% of the time i make from trading GBPUSD but yet i will go to other pairs loose it and then come back to Gbpusd to recover( and every time i come back i recover), I think i need to use 80/20 rule, what do you think?

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Quoting Ra.

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{quote} Hey Guztro, Here's my take on it, as I'm still fairly new to this, and that saying can be open to any kind of interpretation... but in a nutshell: Forex is a reflection of your self development, greed, and search for knowledge. The knowledge is learned through reflection on the markets, and how you as an individual find your place in it. It requires a level of analysis analogous to a boxer in a ring, knowing what works against your opponent, and what doesn't. Where you're weak, and how to protect yourself from this weakness.. Staying calm...

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Quoting navk

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{quote} I trust you so closed my longs for a small profit.... but for me this is not shorting place. {image}

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Quoting Ra.

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{quote} Also, I'd love to hear more about fundamentals from you, I believe in both, but started off on more the technical side. Technical for entry, but a combination of fundamentals and tech for mid-long term sentiment (80/20). What would you say are the pillars of fundamental analysis for USD. I.E inflation rates? CB policy ...obviously elections... but where's a good place in this thread (if any) to look into...any books/sites?

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Quoting Guztro

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{quote} Inflation is one of many aspects. Here’s an interesting question for you? Why did the USD strengthen despite the Feds talking lower interest rates? The thing is, the US Dollar comes from a strong base, and the trade dispute with China out weighs what the Fed’s are doing atm. Any Central bank will try and stick to policy, but even that can be emended based on what’s transpiring in the macro environment. Remember, interest rates is one of a number of instruments the Feds use to keep inflation in check. The policy will speak to the % levels...

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Quoting Guztro

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{quote} I agree on millennials, they have a microwave mentality...overnight rich. I’m 51 with 20 plus trading experience. Reflection is one thing, but you generally only learn a lesson. I’m referring to picking up the books, the classics like Trading in The Zone etc. Studying various strategies, why some work and others not. Mastering each part of the market...believe me, it’s possible.

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Quoting Almo2312

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where are those days when GU moves 300 and more pips per day..so borring offfffffffff

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Quoting Ra.

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{quote} Hey Guztro, Here's my take on it, as I'm still fairly new to this, and that saying can be open to any kind of interpretation... but in a nutshell: Forex is a reflection of your self development, greed, and search for knowledge. The knowledge is learned through reflection on the markets, and how you as an individual find your place in it. It requires a level of analysis analogous to a boxer in a ring, knowing what works against your opponent, and what doesn't. Where you're weak, and how to protect yourself from this weakness.. Staying calm...

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Quoting Ra.

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{quote} just my two cents, but maybe the edge you use for GU doesn't work on whichever pairs you switch to. NZDUSD moves a lot different from USDCHF or USDJPY. Also, I like your profile quote.

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Quoting Ra.

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{quote} Can the overall looming 'global recession' that's a quite whisper among people also a factor. Also, when the S&P starts tanking again, would we see a spike in USD, that was something I was wondering a few days ago. I believe we are in a global stagnation period, after the volatility we saw in November...(or December?) in the US. When the FED did their last rate hike... markets shit the bed because of outstanding debt for many companies? My belief is there's too much Corporate debt taken on from Obama administration when interest was 0% and...

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Quoting akim0895

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{quote} wait next month to the story continue again till then...boredom

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Quoting Ra.

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{quote} Ahh, I still fall in the Millenial category, i'm 32.. albeit, I was what I like to call the 'transitional generation' grew up riding my bike around the block and playing baseball BUT also saw a Nintendo. I've read trading in the zone twice, read that classic "technical analysis of the financial markets" by Murphy once (though I know where you stand on technicals lol)... was dry, and like you said, too much noise now a days for that to really have merit... i'm under the impression markets are very different today from the 1960's. Any other...

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Quoting Moty

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PREPER YOURSELF. TIMBERRRRR {image}

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Quoting Guztro

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{quote} spot on, and in all my years of trading I’ve seen the US more than any other country very sneakily applying Quantitative Easing to evade economic disasters. That said, I think the US Fed did well to identify that the global economy is slowing, and adjusted their policies to the conditions. Despite the doom sayers, I don’t think we”ll see another crash, but the sluggishness in global markets may persist for a while. Bottom line, investors don’t like uncertainty, and we unfortunately have allot of that on various fronts.

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Quoting Ra.

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{quote} Yeah, I was on the recession train around April (before that rate hike), but ...it seems they're doing that beautiful deleveraging thing Dalio brought up... All n' all, I think J.Pow is doing a good job. It almost appears as if they're deflating the air out of the debt balloon at an even keel, not all at once. Could you go into a bit more detail on QE as a tool to evade economic disaster. Is it essentially buying more time via allowing a larger buffer for institutional banks to have a buffer in their coffers to avoid something like they...

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Quoting Moty

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PREPER YOURSELF. TIMBERRRRR {image}

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