Disliked{quote} yes yes yes yes,,i close it in profit,and once more ready for sell.but with you,,i have no much experience like professional..Ignored
I make my own luck.
1
Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
Why is GBPUSD called cable? 66 replies
cable short for gbpusd? 6 replies
Disliked{quote} yes yes yes yes,,i close it in profit,and once more ready for sell.but with you,,i have no much experience like professional..Ignored
Disliked{quote} Exactly! You are going great! And you get the trick right! It's all news my friend, it's all news. Trading Forex is like 2 steps forward 1 step back, it's a game of patience, confidence and consistence. See, for two times in a row news came out against us, but that's just giving us a selling point, it's not necessarily a bad thing. I added to my sells for instance. I am talking very confidently because i have seen this a hundred times. It's just a big sell for me. Let's see if i am right or wrong.Ignored
Disliked{quote} Consumer sentiment was the only important news on that day though. And when that news came out it took off. Correct me if i am wrong. US Dollar even depreciated against TRY after that news You know a move is temporary when even TRY gets positively affected by itIgnored
Disliked{quote} As pointed out in my fundamental post this 3.5T is very bearish . It's to expand the social safety net and Americans can't afford it without raising tax across the board ,it has to be repeatedly printed when the money runs out. There no way they can raise it on top of all the other commitments ,this is what I'm pointing to when I'm talking monetising debt for everyday {image}Ignored
Disliked{quote} I am not going to deny the negative affect of supplying 3.5 Trillion USD to the market but Biden is talking about this for a year now. So i am sure market priced it in long before the last Wednesday. I think that XAUUSD, GU etc. went up last Wednesday because US inflation numbers came out lower than expected in that day.Ignored
Disliked{quote} 3.5 isn't to the market ,its to the people without doubt they don't have it , why are we getting inflation in the last year + at all ? after all that money printing prior, because they been printing money and delivering it directly to the people rather than printing the money and giving it to the markets {image}Ignored
Disliked{quote} As a trader who mainly focuses on news and trades fundamentals, i can assure you that not all the news decide the direction. Some of them are direction showing, some of them are for creating pullbacks or rallies. This one is the latter. Cause you know there's not a trend that looks like 90 degrees, there will always be some pullbacks. So the thing that i see in your DXY chart is DXY is in the perfect spot for buying. Let's wait and see, let's see if i am correct or wrong.Ignored
I need bigger font
Disliked{quote} Seems to me you're the type of guy who can read between the lines and at such an early age, well done, keep up the good workIgnored
Disliked{quote} If the news was positive on Friday, that supply zone would have been broken. So Fundamentals is always number one, and supply/demand is a confirmation after fundamentals analysis. I have seen many times, demand/supply zones broken because of fundamentals. It is helpful supply/demand zones for sure, but without fundamentals confirmation first, it is just a coin toss. The Friday news is not that important for the longer term. I look at it just a reaction because of the negative news that day, and a lot of retail traders were knocked out of...Ignored
Disliked{quote} Took another look. That bottom looks kind of absorption, but very weak one: Bid imbalance at LOD, then price bounced a little (tp or passive buys that hold the price) {image} Probably 1.38 could be the next stop/consolidation, if 1.386 - 1.385 doesn't hold. Otherwise up to 1.393+. But it's better to react rather than predict{image}Ignored
Disliked{quote} Went to the demand zone and returned to the starting point, creating a supply zone along the way. {image} Sellers tried hard, but could not pick out the slightest pullback. Someone is very interested in keeping the price even at the high, but the first obstacles for the buyers also appear. Looking for longs after pullback, unless it'll break 1.38 again {image}Ignored
Disliked{quote} I am not talking about current Dxy or GU price. I have seen many times in the past, Price move against Fundamental data if you call Economic calendar as a fundamental; so many people think their little economic data will shape the market many times it go reverse too. Another interesting point is, when I traded a particular move and make profit with out knowing fundamental news, later on I find that because of some news this move happen. People and journalist always try to find the reason for a particular move. Technical comes first and fundamental...Ignored
Disliked{quote} 3.5 isn't to the market ,its to the people without doubt they don't have it , why are we getting inflation in the last year + at all ? after all that money printing prior, because they been printing money and delivering it directly to the people rather than printing the money and giving it to the markets {image}{image}Ignored
Disliked{quote} Fundamentals 80% , technicals 20%. Macro and micro economics run the equity market. Charts are second to get the data. That is how markets work.Ignored
Disliked{quote} I was agreeing with the first version of your post but i see that you edited it. I don't agree with this version So i took my "like" back. The point that i don't agree with is, no matter who you give that printed money -whether it's the people or the markets- it will create inflation. To avoid inflation, you shouldn't even have printed that money. No matter who's on the receiving side.Ignored