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Cable Update (GBPUSD)

  • #567,721
  • Dec 22, 2020 10:28am Dec 22, 2020 10:28am
Volatile market.

we all know what’s coming ?

some of us do ?

or fundamentals have no relation to price action whatsoever ?

Que Sera
  • #567,722
  • Dec 22, 2020 10:29am Dec 22, 2020 10:29am
you never gonna trade big lots, if you don't cut your loss ;DDD market structure idea, when you got idea, and signs, follow, if something wrong, cut your loss, easy to say, but you need to do it, if its working, be agrresive.... where is smart money guy? he is my favorite so far, would like to see more 1minute charts ;DD
  • #567,723
  • Dec 22, 2020 10:30am Dec 22, 2020 10:30am
Quoting Catempire
Volatile market. we all know what’s coming ? some of us do ? or fundamentals have no relation to price action whatsoever ?
did i mention fundamentals shorting before, o just market structure? fundamentals is waste of time, follow the Money
  • #567,724
  • Dec 22, 2020 10:32am Dec 22, 2020 10:32am
Quoting Catempire
Volatile market. we all know what’s coming ? some of us do ? or fundamentals have no relation to price action whatsoever ?

as we've discussed before we at least know the most probable price reactions to each outcome scenario, and will trade what we see if/when they occur. I know you are convinced your own analysis is correct re £ possibly spiking up on a deal only to fade to new lows as the detail becomes realised and we are finally out of the transition period etc etc. I tend to agree that this is a very plausible scenario, but I will wait and see what actually happens re which occurs; 'deal or no-deal,' and then what price reaction actually occurs thereafter.
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Trader with an Edge.
  • #567,725
  • Dec 22, 2020 10:33am Dec 22, 2020 10:33am
Quoting goldencalf
{quote} did i mention fundamentals shorting before, o just market structure? fundamentals is waste of time, follow the Money
Fundamentals is a waste of time of course because people buy and sell billions of pounds worth of something based on, fu*k all ?

Everyone just decides to do it at exactly the same time.. based on. Nothing.

follow the money ?

okay.
Que Sera
  • #567,726
  • Dec 22, 2020 10:34am Dec 22, 2020 10:34am
Quoting Headland
{quote} as we've discussed before we at least know the most probable price reactions to each outcome scenario, and will trade what we see if/when they occur. I know you are convinced your own analysis is correct re £ possibly spiking up on a deal only to fade to new lows as the detail becomes realised and we are finally out of the transition period etc etc. I tend to agree that this is a very plausible scenario, but I will wait and see what actually happens re which occurs 'deal or no-deal' and then what price reaction actually occurs.
Noted & respected Headland.

I do feel we are on the same page, just reading a different book. Mine being fundamentals, yours being technicals, eventually they will both lead to the same outcome.
Que Sera
  • #567,727
  • Dec 22, 2020 10:40am Dec 22, 2020 10:40am
Quoting Catempire
{quote} Fundamentals is a waste of time of course because people buy and sell billions of pounds worth of something based on, fu*k all ? Everyone just decides to do it at exactly the same time.. based on. Nothing. follow the money ? okay.
fundamentals for me retail trader, doesn't say when to buy or sell pound, and i been not just selling, but following trend also, fundamentals is for investors or , even Livermore with his fundamentals was too early 2 years.. martin schwartz earned money after 8 years messing with fundamentals, paul tudor jones said follow the technicals, and fundamentals will follow, its just few examples
  • #567,728
  • Dec 22, 2020 10:40am Dec 22, 2020 10:40am
am just too whisky to go into deep technical.... the market showed her ways, a few days ago... it was like she finally accepted my proposal after years of trying to know her
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99.9% persistence
  • #567,729
  • Dec 22, 2020 10:42am Dec 22, 2020 10:42am
Quoting goldencalf
{quote} fundamentals for me retail trader, doesn't say when to buy or sell pound, and i been not just selling, but following trend also, fundamentals is for investors or , even Livermore with his fundamentals was too early 2 years.. martin schwartz earned money after 8 years messing with fundamentals, paul tudor jones said follow the technicals, and fundamentals will follow, its just few examples
Agree with what you’re saying & I would be wrong to knock it.

fundamentals drive the price.

Technicals shape the road.

those calling for new highs?

5 days to go.

lorries already stacked up at Dover, businesses will struggle, U.K. losing 20% of its gdp ??

surely foolish to overlook ?
Que Sera
  • #567,730
  • Dec 22, 2020 10:43am Dec 22, 2020 10:43am
Quoting zuluremys
am just too whisky to go into deep technical.... the market showed her ways, a few days ago... it was like she finally accepted my proposal after years of trying to know her {image}
I hope for your sake she's not pawning your ring and gonna run off with another suitor - a certain A. Buyer esq, leaving you stood at the alter.
Trader with an Edge.
  • #567,731
  • Dec 22, 2020 10:46am Dec 22, 2020 10:46am
Quoting Catempire
{quote} Agree with what you’re saying but. fundamentals drive the price. Technicals shape the road.
yes, at the and of the day in this game matters just money, but if you follow smart money footprints on the chart...;DDD
  • #567,732
  • Dec 22, 2020 10:47am Dec 22, 2020 10:47am
Quoting Catempire
{quote} U.K. losing 20% of its gdp ?? surely foolish to overlook ?
And based on this debt to gdp for 2020 surely must be over 130% now. 150% 2021?
A fool and his money are easily parted
  • #567,733
  • Dec 22, 2020 10:50am Dec 22, 2020 10:50am
61.8 still standing and hold for the moment.. i try go long again SL below 61.8.. if hit then i waiting for another development on PA
Trade what you see, not what you think.. react and stay sharp..
  • #567,734
  • Dec 22, 2020 10:52am Dec 22, 2020 10:52am
Quoting goldencalf
{quote} yes, at the and of the day in this game matters just money, but if you follow smart money footprints on the chart...;DDD
Yes until no.

when markets crash technical analysis traders are all stood round scratching their heads wondering why the charts lie.

sometimes the elephant is too fooking obvious to ignore.

Take note!
Que Sera
  • #567,735
  • Dec 22, 2020 10:52am Dec 22, 2020 10:52am
Quoting gatenio
{quote} if it get there try 127% usually after 50% retracent 1.27 is a good goal. golaso! holding same as yours.. ruff days
gatenio, on the same page...remember 32.8% ret. can be also the 4th wave meaning the drop is not over yet.

Edit: hahaha
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Always trade your own plan...I don't provide trading signals.
  • #567,736
  • Dec 22, 2020 10:52am Dec 22, 2020 10:52am
Quoting MozzChops
{quote} And based on this debt to gdp for 2020 surely must be over 130% now. 150% 2021?
More ?

brexit & the rona?

unless they want civil unrest or complete disregard for the system?
Que Sera
  • #567,737
  • Dec 22, 2020 10:54am Dec 22, 2020 10:54am
Quoting goldencalf
{quote} did i mention fundamentals shorting before, o just market structure? fundamentals is waste of time, follow the Money

Reading price action is well more complicated than Technical.... I don't think people know how to idenfitu where the money is, if you care to elaborate you might be of help
  • #567,738
  • Dec 22, 2020 10:55am Dec 22, 2020 10:55am
Quoting Headland
{quote} I hope for your sake she's not pawning your ring and gonna run off with another suitor - a certain A. Buyer esq, leaving you stood at the alter.
she's smart yes.. but have oredy seen under.. i know when she's second guessing
99.9% persistence
  • #567,739
  • Dec 22, 2020 10:58am Dec 22, 2020 10:58am
...looking @ the daily t/f - a break and clear of the ascending trendlines and perhaps the 3107 prev swing lo and it starts to look more bearish overall ? Dly below.
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Trader with an Edge.
  • #567,740
  • Dec 22, 2020 10:59am Dec 22, 2020 10:59am
Quoting Yngwie
3300 here we go
bull is coming
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
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