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Cable Update (GBPUSD)

  • #525,261
  • Jun 4, 2020 4:31am Jun 4, 2020 4:31am
Quoting knkie
{quote} id really like to know who these crooks are i often read about in this thread. Are they a secret society? Are they the brokers? Or is this just fundamentals working out in the chart?
If you want a general idea, go watch the film, "A Good Year" (Russell Crowe) and see the short part how the City boys trade.
Lost....
  • #525,262
  • Jun 4, 2020 4:33am Jun 4, 2020 4:33am
Quoting gespiri
{quote} If you want a general idea, go watch the film, "A Good Year" (Russell Crowe) and see the short part how the City boys trade.
Thats old though, it probably changed a lot with the new technology we have.
  • #525,263
  • Jun 4, 2020 4:34am Jun 4, 2020 4:34am
There is a glass prism between what retail look at - and what certain banks look at
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #525,264
  • Jun 4, 2020 4:37am Jun 4, 2020 4:37am
Quoting hocius
{quote} Thats old though, it probably changed a lot with the new technology we have.
True, so you just replace that character with HFTs.
These banks and funds can see EVERTHING and go against it when the time is right. There won't be buying if there were no selling (and vice versa).
Lost....
  • #525,265
  • Jun 4, 2020 4:38am Jun 4, 2020 4:38am
I still think GU is bullish big ppl still long but which scenario will happen red or white hummmm
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  • #525,266
  • Jun 4, 2020 4:43am Jun 4, 2020 4:43am
If dxy breaks 98 forget the longs for some time... The range was amost completed on the upside with 1.26 being rejected for the 3rd time. That should trigger the shorts toward 1.20. A break below will lead to 1.1750 and then see you at the bottom of 1.1475. The rest is HISTORY!
  • #525,267
  • Jun 4, 2020 4:43am Jun 4, 2020 4:43am
To whom it may concern
Attached Image (click to enlarge)
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  • #525,268
  • Jun 4, 2020 4:44am Jun 4, 2020 4:44am
Quoting gespiri
{quote} True, so you just replace that character with HFTs. These banks and funds can see EVERTHING and go against it when the time is right. There won't be buying if there were no selling (and vice versa).
This is a good example.....I sold at 1.2517 20mins ago based on a sloping trend line.
When price moved down by 8 pips, I put a SL at 1.2516. Around 6min later, it was taken out and staying put (looking to go long at 1.2497 OR 1.2480).
Now, prices are dancing in a range....waiting to trap other suckers into taking positions.
My point is, take your time, identify a valid buy/sell entry based on your analyses, and always protect the position and your capital.
These "crooks" are animals and are vicious.
Lost....
  • #525,269
  • Jun 4, 2020 4:46am Jun 4, 2020 4:46am
Quoting Vincent1
To whom it may concern {image}
The first half decent chart I have seen on FF
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #525,270
  • Jun 4, 2020 4:52am Jun 4, 2020 4:52am
Almost always, 10min before Geneva lunchtime, they push prices up then sell on the hour change......
Lost....
  • #525,271
  • Jun 4, 2020 5:00am Jun 4, 2020 5:00am
Quoting Vincent1
To whom it may concern {image}
Cool Chart bro.
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #525,272
  • Jun 4, 2020 5:03am Jun 4, 2020 5:03am
Right I'm outta here guys - have a good one
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #525,273
  • Jun 4, 2020 5:04am Jun 4, 2020 5:04am
'BOE's Hauser: Negative rates won't happen in the near-term'
Life is great!!
  • #525,274
  • Jun 4, 2020 5:09am Jun 4, 2020 5:09am
Quoting gespiri
{quote} If you want a general idea, go watch the film, "A Good Year" (Russell Crowe) and see the short part how the City boys trade.
"Well done Lab Rats, we just made a spectacular amount of money"
Don't Leave Money on the Table
  • #525,275
  • Jun 4, 2020 5:09am Jun 4, 2020 5:09am
Quoting ongtrumvn99
long 1.2510
SL to be
Attached Image
SCALP WIN
  • #525,276
  • Jun 4, 2020 5:13am Jun 4, 2020 5:13am
Quoting navk
{quote} stop adjusted 2502now
closed my longs
Intraday only.
  • #525,277
  • Jun 4, 2020 5:15am Jun 4, 2020 5:15am
Quoting navk
{quote} closed my longs
Good Call
  • #525,278
  • Jun 4, 2020 5:17am Jun 4, 2020 5:17am
Attached Image (click to enlarge)
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that’s me done short again . It did break the tl as we see so that’s my target to that breakout
  • #525,279
  • Jun 4, 2020 5:18am Jun 4, 2020 5:18am
Quoting gespiri
{quote} This is a good example.....I sold at 1.2517 20mins ago based on a sloping trend line. When price moved down by 8 pips, I put a SL at 1.2516. Around 6min later, it was taken out and staying put (looking to go long at 1.2497 OR 1.2480). Now, prices are dancing in a range....waiting to trap other suckers into taking positions. My point is, take your time, identify a valid buy/sell entry based on your analyses, and always protect the position and your capital. These "crooks" are animals and are vicious.
And wicked. There were days when simple MA crossovers could fetch you good pips. Now everything is turned on its head. Spikes in multiple directions and when it finally moves just be sure that most people are on the opposite side.
  • #525,280
  • Jun 4, 2020 5:18am Jun 4, 2020 5:18am
The biggest failing i see with 99% of the posts here is that they are trying to predict where the price is going to go with all manner of lines and indicators ,
instead of just following the price.
I dont use fibs, i dont use horizontal s?r, i dont use pivots and idont use news
I do use stoploss
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