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Cable Update (GBPUSD)

  • #598,941
  • Jun 1, 2021 4:35am Jun 1, 2021 4:35am
...pulled back to 23.6% of the fall (so far?)

1hr below.
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Trader with an Edge.
  • #598,942
  • Jun 1, 2021 4:35am Jun 1, 2021 4:35am
Just observing and following a structure. GU 15 min.
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  • #598,943
  • Jun 1, 2021 4:36am Jun 1, 2021 4:36am
Quoting Pretense
{quote} Possible, there was no 50pc retrace on the way up though. Just keep in mind
Yea, thanks- if it goes without me I will live with it. Better to book something and let the market go without you than be reversed on and leave profit on the table and spend the rest of the day chasing your tail.
  • #598,944
  • Jun 1, 2021 4:44am Jun 1, 2021 4:44am
For me this level is a big,big buy
  • #598,945
  • Edited 5:12am Jun 1, 2021 4:44am | Edited 5:12am
dxy, IMO as I said on Monday, 1h should targeting 90.7
after 90.325 broke and dive for another swing
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  • #598,946
  • Jun 1, 2021 4:47am Jun 1, 2021 4:47am
Quoting DailyChart
{quote} You are the winner at last and the most importantly you stick with your long from earlier till now,consistency is the key Congrats
Thank you brother! There's still 10 days left but it goes in my way since we started. So i am ahead for now.

Consistency is really the key. You are right. When i was a newbie i used to change my mind so quick, sometimes everyday, which caused me to confuse what was right or wrong. So making an analysis that feels right and sticking to it until you see the winning rate is essential. At least taking 10 trades, then you start to see what is right and what is wrong. It takes so much time & effort since we have millions of trading strategies to test but that's the handicap of trading.
You have to have an IQ higher than 90 to interact with this user.
  • #598,947
  • Jun 1, 2021 4:53am Jun 1, 2021 4:53am
Quoting thevisitor
For me this level is a big,big buy
Could be bud. If I see bull momentum will be on it like a pit bull, but if I see some more bear momentum will add to my shorts
Don't trade what you think. Just what you see!!!
  • #598,948
  • Jun 1, 2021 4:58am Jun 1, 2021 4:58am
Quoting Pipa1
{quote} If i'm long, the market is long ...hahaha,i have a magic weapon.GBP drop stopped after recovering my shorts.Won't go anywhere without hitting 1.42050 +.Game changed.I hope this won't hurt your positions.Good luck.I will sell above 1.42050.Am a small bull at the moment
Pipa1
what happened you were gung-ho bear?
  • #598,949
  • Jun 1, 2021 5:01am Jun 1, 2021 5:01am
Quoting OnlineAddict
Today's 4250 should "produce" 3870-3950 in june. Look at USDx h1 chart.
Bears until/during NFP then bulls again next week IMHO
  • #598,950
  • Jun 1, 2021 5:01am Jun 1, 2021 5:01am
Quoting Ihlas
{quote} I don't care about appreciation or depreciation. It has some business on the upper part of the chart that's all. Just like GU yesterday. EU will try to hit 1.22548.
unbelievable!!!! you dont care if/when currency appreciate or depreciates, why on earth are you even trading,
If you are new to Forex? Say Goodbye to your account!!
  • #598,951
  • Jun 1, 2021 5:07am Jun 1, 2021 5:07am
Quoting Waveskierrob
{quote} only 25 pips thought you said that you trade 100 to 200 pips and anything smaller you may as well be at the casino, has your view changed
My experience let me vary my game if i wish.When i wait for the trade i build quantitative models and create hybrid algorithms to simulate the market makers activity , trying to predict the next move..For me is more than just being a trader.I'm involved in this game ,trying to catch the alpha and beat the market more than anybody.Have played it more than 10 years now,i have diff tools, for years i was a HFT quant trader and developer.I don't believe in fundamentals and as you can see, i watch only the micro market structure...or maybe i made some crazy discovery over weekend , who knowsI'm not a simple trader but more a researcher looking for alpha.
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I'm The Real Deal Quant-XR ,The Financial Hacker
  • #598,952
  • Jun 1, 2021 5:13am Jun 1, 2021 5:13am
Quoting KiwiTrada
{quote} unbelievable!!!! you dont care if/when currency appreciate or depreciates, why on earth are you even trading,
I don't want to put words in the guys mouth but I guess there's two theories of FX price discovery at the extremes

- FX market is a place of perfect information where rational buyers and sellers make decisions about the fundamental value of a currency by duking it it out with purchases and sales over the trading day

- FX market is a casino run by the MMs to create liquidity for institutions and price movements are manipulations into areas of liquidity whilst retail blows their accounts trying to trade double tops and H&S

Truth is somewhere in the middle I guess but I'm not sure how much money you'd make intraday asking yourself- will USD or GBP appreciate or depreciate today, what's on the news today (unless you have a specific edge for this)
  • #598,953
  • Jun 1, 2021 5:14am Jun 1, 2021 5:14am
Quoting Pipa1
{quote} My experience let me vary my game if i wish.When i wait for the trade i build quantitative models and create hybrid algorithms to simulate the market makers activity , trying to predict the next move..For me is more than just being a trader.I'm involved in this game ,trying to catch the alpha and beat the market more than anybody.Have played it more than 10 years now,i have diff tools, for years i was a HFT quant trader and developer.I don't believe in fundamentals and as you can see, i watch only the micro market structure...or maybe i...
I see you posting here for 2 weeks.
your algo needs some fine tuning i guess
  • #598,954
  • Jun 1, 2021 5:15am Jun 1, 2021 5:15am
Quoting Pipa1
{quote} My experience let me vary my game if i wish.When i wait for the trade i build quantitative models and create hybrid algorithms to simulate the market makers activity , trying to predict the next move..For me is more than just being a trader.I'm involved in this game ,trying to catch the alpha and beat the market more than anybody.Have played it more than 10 years now,i have diff tools, for years i was a HFT quant trader and developer.I don't believe in fundamentals and as you can see, i watch only the micro market structure...or maybe i...
Well I can only go off what you have said in previous posts, you have changed your mind good for you, thought you might have, looks like the forum is opening some minds
  • #598,955
  • Jun 1, 2021 5:16am Jun 1, 2021 5:16am
Quoting gatenio
{quote} I see you posting here for 2 weeks. your algo needs some fine tuning i guess
I'm not the enemy...you can simply ignore me.GBP will trade above 1.42050 or will make new high.Like it or not, even if i am a bear , i have to adapt.
I'm The Real Deal Quant-XR ,The Financial Hacker
  • #598,956
  • Jun 1, 2021 5:16am Jun 1, 2021 5:16am
So on the hourly I’m seeing a range if 14181 - 14135 ish
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Insane in the Brain..
  • #598,957
  • Jun 1, 2021 5:18am Jun 1, 2021 5:18am
Quoting Pipa1
{quote} I'm not the enemy...you can simply ignore me.GBP will trade above 1.42050 or will make new high.Like it or not, even if i am a bear , i have to adapt.
why should i ignore you.. its a free forum and you are kind.
We cant argue with facts.
  • #598,958
  • Jun 1, 2021 5:19am Jun 1, 2021 5:19am
I'm eyeing 1.416 for adr TP area
  • #598,959
  • Jun 1, 2021 5:21am Jun 1, 2021 5:21am
Bought at 1.4173, stop 1.4100, target 1.4300.
Data + Stat + Risk/Emotions Management
  • #598,960
  • Jun 1, 2021 5:21am Jun 1, 2021 5:21am
Quoting gatenio
{quote} why should i ignore you.. its a free forum and you are kind. We cant argue with facts.
Let's make a bet since we are "gamblers" ...if GBP won't trade above 1.42050 ONCE MORE before going to dive i will quit this forum.Mark my word.
I'm The Real Deal Quant-XR ,The Financial Hacker
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