Cable Update (GBPUSD)

Quoting babayaga

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{quote} thank you for your kind attention,.. excuse me, are you chauvinist, btw .., because I am Russian (and you only wrote: "USA Oil companies Bankrupt from low price..." that's it, nothing else you can say about American's part of...) anyway, would you be so kind to tell me about the beginning of all this story? I put the arrows for you to understand what I am talking about Thank you have a nice weekend {image} {image}

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Quoting wiserltz

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My two cents: 1. Many retailers' problem are caused by their clever mind, trying to be smarter than the market, trying to predict the trend, trying to catch the train in the wrong direction, trying to blow account quickly, other words, they want to dictate the market. 2. Truth is that, main part will lose money, no matter what & how the skill they got or learn from their experience, main part will lose money. Trend will only happens when THE MARKET trapped enough dumb money.

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Quoting aggieman01

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{quote} Hello, I live in USA, especially in Texas, home of big oil companies. I speak from a macro view of the market. See, the USA Oil companies needs prices above $33/per barrel to make money. On thing I know about Oil companies in Texas, they hire too many employees when oil is high and only save 3% profit when they were making record profit. When oil drop, they layoff like crazy and lobby Congress for help. Well, those CEO's making 10-20 million a year have no clue how to manage those companies when tsunami of bad business cycle hits. Many of...

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Quoting pipfarm

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See here how my trend indicator picks up the swings (designed and coded myself) but mainly i rely on visually checking the swings the indicator just makes it a bit faster when working with multiple pairs. On the daily the main swing is up 4H we see the corrections 1H we see the continuation and minor swings which are the dips once the trend indi has crossed {image} {image} {image}

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Quoting pipfarm

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{quote} I have to categorically disagree with you about the trend only happening when the market has trapped enough dumb money , this is very wrong statement that could set a lot of traders on the wrong foot if it were to be believed. The skill is knowing what kind of trend you are trading corrective or impulsive and understanding the overall structure of the markets in context with minor and major swings and multiple timeframes.

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Quoting pipfarm

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{quote} I have to categorically disagree with you about the trend only happening when the market has trapped enough dumb money , this is very wrong statement that could set a lot of traders on the wrong foot if it were to be believed. The skill is knowing what kind of trend you are trading corrective or impulsive and understanding the overall structure of the markets in context with minor and major swings and multiple timeframes.

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Quoting parshal

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{quote} hey pipfarm..I second you. As a beginner, if I start believing that the market is corrupt, then I will lose my interest in trading. Not only me, but many and many many in generations to come. Had this happened just few generations before then we all would have been not trading today. Btw, I could earn this week a bit so please take it as my 5 cents on this. And no hard feelings for wiserltz as well. Nonetheless I wish you both and all others a nice weekend. I really find this forum a valuable one. See you soon.

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Quoting parshal

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{quote} I don't want to agree or disagree both you and babayaga. But I want to bring in another view that green energy and other alternative sources are the future. There are lots of avenues and investment around it. There are some great targets set for the next decade. Even from the environment point of view, the targets are set and bound by many countries are aggressive. So from a macro-view I see that the Oil prices going down in the future.

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Quoting Ilvez

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Hi, Apologize for a potentially very dumb question, but the Trend indicator looks very much like slow/fast MA plotted on top of each other, or is it something else? Thanks, I {quote}

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Quoting pipfarm

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{quote} If only it were that simple, The indicator is calculating minor swings which when summed together form the larger degree swings as well as impulse swings, the output is represented by the two lines and is for use with multiple timeframes. Main difference is moving averages as you probably know plot the average price over a certain amount of periods , whereas the trend indicator is plotting the sum of minor swings. Btw , its not predicting anything as i do not believe in such nonsense, it is as all indicators do showing what has happened...

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Quoting aggieman01

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{quote} Hello, I live in USA, especially in Texas, home of big oil companies. I speak from a macro view of the market. See, the USA Oil companies needs prices above $33/per barrel to make money. On thing I know about Oil companies in Texas, they hire too many employees when oil is high and only save 3% profit when they were making record profit. When oil drop, they layoff like crazy and lobby Congress for help. Well, those CEO's making 10-20 million a year have no clue how to manage those companies when tsunami of bad business cycle hits. Many of...

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Quoting babayaga

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{quote} hi, you haven't answered my questions.., doesn't matter I would like to add few things and I will not continue on this subject, simply because it's "CABLE UPDATE" forum my crude oil chart, first arrow - 01.06.2014 PH 107.640, second arrow - 01.02.2016 PL 26.030.., I was not talking about Covid-19 excuse me, but your post has nothing to do with " ...a macro view of the market" (especially crude oil), it is, may I call it " a view from Texas" you are or too young or too naive (excuse me).., you can easily find some material if you are interested...

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Quoting Moty

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{image}

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