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Cable Update (GBPUSD)

  • #567,781
  • Dec 22, 2020 10:12am Dec 22, 2020 10:12am
Quoting goldfish3
{quote} Dont encourage him. He has a sickness
He is one of only a few that on this forum that knows what he is talking about and does so in a very clever and very funny way, probably way over most peoples heads, please keep it up Not-KPMG
  • #567,782
  • Dec 22, 2020 10:12am Dec 22, 2020 10:12am
the market doesn't move in a straight line... she moves between time and price..
99.9% persistence
  • #567,783
  • Dec 22, 2020 10:16am Dec 22, 2020 10:16am
Quoting Headland
I hope for their sakes that their stops are wide enough to accommodate a spike up on a deal - should it materialise before what many think will be a £ sell-off to follow based on the realities after the brexit transition period/covid recession etc...
Agree with what you said mate, bears have been wrong so far, don’t get early greedy.

this looks like fundamental analysis to me tho ?
Que Sera
  • #567,784
  • Dec 22, 2020 10:16am Dec 22, 2020 10:16am
Quoting Headland
Those that... . Those using fundie/global macro themes analysis to derive an edge are wrong as many times as those using TA. Look here over the last few weeks the number of times they have predicted a massive drop in the £ and so far they have been wrong and mostly lost money or .. covid recession etc...

You're liar

Average, not even interesting liar.


First off me and buddies never said MASSIVE drop will happen in 3 hours.



Noone said "weeks ago"
Liar.


Second - pound did sink like your lies



Third - I for example took many profits of 50-100 and one 200 pips.
How's that for losing money??? Liar.




Fourth - you're blind or a liar.


Attached Image (click to enlarge)
Click to Enlarge Name: ohh noo 1.30 soon.JPG Size: 88 KB


Ohhh is chart too difficult
Plus fundi.
Plus Brexit lies????




Sixth- there's always smart money and dum money too... Just don't lie




I missed the fifth, did ya notice

No offence
Beware of robber banks (RB), bad advisors.
  • #567,785
  • Dec 22, 2020 10:21am Dec 22, 2020 10:21am
if you think all trader who used TA is for predict future and just go blindly follow what they thought and ignore all development on market, then you wrong..
as for me TA just method to understand PA on the left side, cause what happen on the left have confluence on what happen next on the right side..in the end my reaction is based on development on PA and TA help me a lot to make decision..

is like your past have confluence on your life now..
like my old man said we can always learn from the past for what we are now and tomorrow ofc
it show on your chart Graph then base on that i can react and not blindly take decision..

and also i watch over FUND for another confirmation and strenghent my decision to go or not to go on market..
every one has own way and method to see and react
Trade what you see, not what you think.. react and stay sharp..
  • #567,786
  • Dec 22, 2020 10:26am Dec 22, 2020 10:26am
Quoting Headland
Those that criticise technical analysis per say either misunderstand it themselves and/or are right in their criticisms/observations of some of those that use it as the basis of their trading edge. Like any analysis from which an edge is derived, It is not predictive. It is though a graphical representation of market sentiment expressed as price action (from which all other TA studies are derived,) - that is a function of the underlying fundamental environment, and specific fundamental themes at play at any given moment. Those using fundie/global...
I believe that we should react to what's happening right now rather than to try and predict the future because no one knows the future, it doesn't matter whether you take trades based on TA or FA it's all the same.
Plan your trades and trade your plan.
  • #567,787
  • Dec 22, 2020 10:27am Dec 22, 2020 10:27am
Quoting Catempire
{quote} Understanding fundamentals is depressing & mind bending. Agreed.
Catempire, endless talking about how many trawlers GB will be allowed to have at sea (about 50 pages) after Brexit is not a fundamental analysis...I haven't seen one post of yours which could convince me you have even a slight idea about FA. Maybe you enlighten us on calculating interest rate differentials and following the currency pair trends or how to use bond spreads and commodities prices as leading indicators for FX? Would you recommend us one or two books on FA so we can talk with you about trawlers on equal foot?
Always trade your own plan...I don't provide trading signals.
  • #567,788
  • Dec 22, 2020 10:35am Dec 22, 2020 10:35am
Quoting Bryan5229
{quote} I believe that we should react to what's happening right now rather than to try and predict the future because no one knows the future, it doesn't matter whether you take trades based on TA or FA it's all the same.

React how????




The shiny hilarious bars or the deep thought way???
Beware of robber banks (RB), bad advisors.
  • #567,789
  • Dec 22, 2020 10:37am Dec 22, 2020 10:37am
Quoting navk
{quote} 3385/90 is 200 EMA in my 5 min chart.
1.3375 AB=CD, and 1.3394 61.8% ret. of 1-5...
Always trade your own plan...I don't provide trading signals.
  • #567,790
  • Dec 22, 2020 10:39am Dec 22, 2020 10:39am
Quoting Waveskierrob
{quote} He is one of only a few that on this forum that knows what he is talking about and does so in a very clever and very funny way, probably way over most peoples heads, please keep it up Not-KPMG
So true



I try occasionally to help.


When I do help some morons come from the woodwork and start arguing with me.

That's because when I say ".... selling pound" the dumbos can't comprehend what timeframe I mean.

Which is few days in my book .
Ohhh 100 pips spike? Nice I can sell higher.

Ohhh 30 pips spike and yoooo SL is gone ?? . I don't bother 36 pips, what's even 40 pips??


All I say is simple - you can trade easy (ohh like me, I have day job and forex is my gas money) or you can trade hard as a coal miner. . Let's say you made 50 profitable trades, 100 stop hit, 40 break even..... . Gooooo technical say 600 pips of tiny lots, blood sweating


I can make 5-6 nice big trades, 300 pips in few days, small risk.
What risk?? 1.45 coming right


Sue me


Bigger frame, fundi, listen to lies, relaxed trade.



Mumbo dumbos mostly trade on 45 second frame and have attention span of dead mosquito .

Or the schmuck before that can't draw Fibo to save his socks


Hard to advice such people right??




No more help, but yeah, folks can have buckets of sarcasm.

1.45 is coming right

You're welcome
Beware of robber banks (RB), bad advisors.
  • #567,791
  • Dec 22, 2020 10:40am Dec 22, 2020 10:40am
Quoting Coreg2004
{quote} 1.3375 AB=CD, and 1.3394 61.8% ret. of 1-5...
i want 20 ema and 50 ema above 200 ema in 1 minute chart.

Then 3385/90
Intraday only.
  • #567,792
  • Dec 22, 2020 10:40am Dec 22, 2020 10:40am
Quoting Coreg2004
{quote} Catempire, endless talking about how many trawlers GB will be allowed to have at sea (about 50 pages) after Brexit is not a fundamental analysis...I haven't seen one post of yours which could convince me you have even a slight idea about FA. Maybe you enlighten us on calculating interest rate differentials and following the currency pair trends or how to use bond spreads and commodities prices as leading indicators for FX? Would you recommend us one or two books on FA so we can talk with you about trawlers on equal foot?
A whole post. more than many others I’m sure.

the fact we have been talking about “Brexit” and “mackerel” has little to do with fundamentals.

pulling it completely out of context is equally worthless as is talking about in-depth fundamental analysis on this forum!

”endless talking about how many trawlers GB will be allowed to have at sea (about 50 pages)”

Que Sera
  • #567,793
  • Dec 22, 2020 10:47am Dec 22, 2020 10:47am
mathematics will never lie... its the only thing that can predict the future.. because it is the true language of CREATOR/NATURE/GOD.. tomorrow i ll show you a true trader.
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99.9% persistence
  • #567,794
  • Dec 22, 2020 10:47am Dec 22, 2020 10:47am
Quoting fxmasterdxb
{quote} SL @ BE, targeting new highs
Closed @ 1.3359 and switched to selling
  • #567,795
  • Dec 22, 2020 10:49am Dec 22, 2020 10:49am
lol bears romping here today, even coming out of the woodwork to post. sooooo probably will reverse soon-ish.
In tea leaves we trust!
  • #567,796
  • Dec 22, 2020 10:50am Dec 22, 2020 10:50am
Hope i wont reveal the truth today am
99.9% persistence
  • #567,797
  • Dec 22, 2020 10:51am Dec 22, 2020 10:51am
Quoting zuluremys
mathematics will never lie... its the only thing that can predict the future.. because it is the true language of CREATOR/NATURE/GOD.. tomorrow i ll show you a true trader. {image}
cant wait for this one, with me being an atheist
  • #567,798
  • Dec 22, 2020 10:58am Dec 22, 2020 10:58am
Quoting Waveskierrob
{quote} cant wait for this one, with me being an atheist
don't worry my man.. by tomorrow you ll became the the seeker of the divine teacher... and i promise i wont fail you.
99.9% persistence
  • #567,799
  • Dec 22, 2020 10:59am Dec 22, 2020 10:59am
Quoting Mcbeaners
lol bears romping here today, even coming out of the woodwork to post. sooooo probably will reverse soon-ish.
Everything over a long enough timeframe ends up at zero.

we can all be right & wrong at the same time.
Que Sera
  • #567,800
  • Dec 22, 2020 11:16am Dec 22, 2020 11:16am
am from Africa to be specific Zambia.. maybe my grandmother left me a snake that could predict price
Attached Image (click to enlarge)
Click to Enlarge Name: snake.jpg Size: 353 KB
99.9% persistence
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