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Cable Update (GBPUSD)

  • #557,521
  • Nov 6, 2020 5:04am Nov 6, 2020 5:04am
Quoting Kanizaro
{quote} World's No. 1 Stupid Hobby Trader! Lol..... But why would you call yourself this?
I think he is buying GBP, just trolling others
  • #557,522
  • Nov 6, 2020 5:05am Nov 6, 2020 5:05am
Boy,

This one's been a "Challenge"...
All one can Elude to is she was Stubborn, to go Down, for the Trip South.
-IT took all the way back around the Clock, Until LONDON, to give a "Proper" 23.6;
And she didn't even come back to show us any desire for a 38.2 Retracement.

Where are we at now? Alot of A-B-C this, A-B-C that. But if you look,
down to a 1 min Chart, it "Appears" She had a First Five-Wave Run,
Then a 50% Retracement, or so. NO More...

Last Note,
I say you "TACK ON" that Wave-1 from 'Bigger T.F. to our 23.6,
End of WAVE-4 Gang... JUST my Hunch. -Don't say i said!
That will Give the BULL's in Here, Their 1.3200 "Area".
My Best- Here's what i see & Explained:
Attached Image (click to enlarge)
Click to Enlarge Name: 11_6_2020 Long on PA amd END of 23_6 Retraxcement.png Size: 71 KB
I will work to Objectively Identify my Edges
  • #557,523
  • Nov 6, 2020 5:06am Nov 6, 2020 5:06am
Quoting Kanizaro
{quote} World's No. 1 Stupid Hobby Trader! Lol..... But why would you call yourself this?

The purpose of life is to be happy, no matter what.

I know a few people who achieves that truly.

I believe MoneyZilla is one of those rare souls

Go MZ !!!!!!!!!
  • #557,524
  • Nov 6, 2020 5:10am Nov 6, 2020 5:10am
Next target 3200 minimum
Follow The Markets Structure - Patience and Discipline
  • #557,525
  • Nov 6, 2020 5:19am Nov 6, 2020 5:19am
Quoting trumps
{quote} I'm talking about fund managers etc. I agree, the retail herd get caught up in it and also surrender money to the market, but I don't think it is our piddly orders they are focussing on is what I am saying. We are just throwing our little pennies into the large, glorious liquidity pool that feeds bank orders. It's a bit like going fishing for Marlin, and picking up some whiting while you're at it.
Yep, we wont know the percentages of what retail makes out of all of this, in my opinion also part of the smoke & mirrors

Again, I think its way bigger we think is possible

We might think in terms of our trickle cant fill their bucket.....but leave a trickle to keep dripping, it fills the bucket also, I think we just dont think its possible to happen fast enough for it to become the reality

And maybe thats a good thing, it keeps some form of structure to this all, so at least those that can define an edge can coin something...imagine it was just random ( which most believe it is, I differ), in total randomness no one would make money, but thats just me
  • #557,526
  • Nov 6, 2020 5:21am Nov 6, 2020 5:21am
Quoting BitcoinBoff
{quote} Yep, we wont know the percentages of what retail makes out of all of this, in my opinion also part of the smoke & mirrors Again, I think its way bigger we think is possible We might think in terms of our trickle cant fill their bucket.....but leave a trickle to keep dripping, it fills the bucket also, I think we just dont think its possible to happen fast enough for it to become the reality And maybe thats a good thing, it keeps some form of structure to this all, so at least those that can define an edge can coin something...imagine it...
I don't think random either.
Compulsions can be hard to resist
  • #557,527
  • Edited 5:51am Nov 6, 2020 5:24am | Edited 5:51am
...The vast majority of retail traders lose money for any, all, or or a combination of 3 reasons, and they are nothing to do with bank conspiracies against the retail trader! They are:

1. They don't know what an edge is, what you need to know about one to maximise your money and risk management to it, and generally they don't have one anyway, ie - they don't have the empirical recorded evidence over a large forward tested sample size in the market conditions it is suited to and that they should therefore only trade it in, - to prove that an edge actually exists. A lot have a second hand edge (bought from a dodgy vendor with promises of instant wealth or picked up from a forum or something,) -or- some flimsy anecdotal/observational evidence about an edge they think they have found may exist - but over a small unrepresentative sample.

2. They are generally underfunded re margin and therefore over-leveraged for the 'edge' they are trading, relative to the unrealistic profit targets they need to make it a worthwhile activity.

3. They never develop the necessary psychology to trade the edge they are using profitably , leading to mistakes and ill discipline that ultimately results in losses.
Trader with an Edge.
  • #557,528
  • Nov 6, 2020 5:29am Nov 6, 2020 5:29am
Quoting Headland
...1. They don't know what an edge is, what you need to know about one to maximise your money and risk management to it, and generally they don't have one anyway, ie - they don't have the empirical recorded evidence over a large forward tested sample size in the market conditions it is suited to and that they should therefore only trade it in, - to prove that an edge actually exists. A lot have a second hand edge (bought from a dodgy vendor with promises of instant wealth or picked up from a forum or something,) -or- some flimsy anecdotal/observational evidence about an edge they think they have found may exist - but over a small unrepresentative sample....
I'm ded inside just by reading this
  • #557,529
  • Nov 6, 2020 5:29am Nov 6, 2020 5:29am
Quoting Headland
...The vast majority of retail traders lose money
Everyone who ate pickles lost money
Observer effect
  • #557,530
  • Nov 6, 2020 5:29am Nov 6, 2020 5:29am
Quoting Mitiblotch
{quote} Hey, GATENIO. Still willing to do the $100 deal with me? Now the polls are in Biden's favour so you should win. Biden has 264 currently. He could even get 300. The man dosnt get to the White House even for half a second. Lol... My position is that Trump gets re-elected.
lol bro, save the money.
the only question is if they going to finish to count the votes before Biden will die.. his 77 years old, they must harry up.
  • #557,531
  • Nov 6, 2020 5:30am Nov 6, 2020 5:30am
Quoting gatenio
{quote} lol bro, save the money. the only question is if they going to finish to count the votes before Biden will die.. his 77 years old, they must harry up.
market react nice to my post.. boom
  • #557,532
  • Nov 6, 2020 5:37am Nov 6, 2020 5:37am
Quoting pipfarm
Next target 3200 minimum
why not 3500?
  • #557,533
  • Nov 6, 2020 5:40am Nov 6, 2020 5:40am
when president will be elected and price reaction to this event will stop?
will monday still be volatile couse of election ?
  • #557,534
  • Nov 6, 2020 5:41am Nov 6, 2020 5:41am
Quoting Mitiblotch
{quote} Hey, GATENIO. Still willing to do the $100 deal with me? Now the polls are in Biden's favour so you should win. Biden has 264 currently. He could even get 300. The man dosnt get to the White House even for half a second. Lol... My position is that Trump gets re-elected.
I’ll take the bet. This is a landslide bro especially because he’s about to lose Georgia. They voted for Perdue but didn’t vote for Trump. That says it all
  • #557,535
  • Nov 6, 2020 5:42am Nov 6, 2020 5:42am
Quoting genadi
when president will be elected and price reaction to this event will stop? will monday still be volatile couse of election ?


The guy with the crystal ball is just on lunch, would you mind coming back in an hour or so, then he will be back to give you that answer.
  • #557,536
  • Nov 6, 2020 5:44am Nov 6, 2020 5:44am
Can will see 3020 with NFP today!
  • #557,537
  • Nov 6, 2020 5:46am Nov 6, 2020 5:46am
Price ready to act crazy very soon. Biden takes over in the race for Georgia so he will be declared the winner of the election. Anybody still willing to take my $100 challenge that Biden will not sit even a second in the White House? I mean all the odds are in Biden's favour now.
  • #557,538
  • Nov 6, 2020 5:48am Nov 6, 2020 5:48am
Test
Attached Image (click to enlarge)
Click to Enlarge Name: STOP.png Size: 30 KB
https://investizo.com/investment/view?server=1&login=2141779119
  • #557,539
  • Nov 6, 2020 5:48am Nov 6, 2020 5:48am
Quoting Mitiblotch
Price ready to act crazy very soon. Biden takes over in the race for Georgia so he will be declared the winner of the election. Anybody still willing to take my $100 challenge that Biden will not sit even a second in the White House? I mean all the odds are in Biden's favour now.
you are playing us with words, wont sit.. ok he can stand
  • #557,540
  • Nov 6, 2020 5:49am Nov 6, 2020 5:49am
Quoting gatenio
{quote} lol bro, save the money. the only question is if they going to finish to count the votes before Biden will die.. his 77 years old, they must harry up.
Hahaha... You got me laughing hard here. For your reply up there, I mean he is not even getting to be president. The media will soon declare him the winner but I am saying both him and Kamala and anybody else they have in their party wont get to be president.
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