Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Cable (GBPUSD) vs Euro (EURUSD) 27 replies

Is it just me or is cable acting random? 47 replies

Cable Update (GBP/USD) without Idiots 23 replies

Why is GBPUSD called cable? 66 replies

cable short for gbpusd? 6 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

Quoting BeeTogether
{quote} if I’m reading that correctly that means no interest rates hike thus tapering talks yet. Which “should” push the pound up … again I could be wrong
Same view..All is chewing same chewing gum all over again, no agreement, no plan... is getting boooring..

Feds are asking businesses how to spread interest rate rise, common on, just do it!

Sept 20 (Reuters) – U.S. Federal Reserve officials will lay bare how soon and how often they think the economy will need interest rates rises over the next three years when they release new forecasts at their policy meeting on Wednesday, with investors on alert for a faster pace of tightening.
No new trades today.
Closed gold buy.
Quoting Jolita
No new trades today. Closed gold buy.
IMO, GOLD buy is just started.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM15.png Size: 29 KB
Fools Rushing
Quoting MTF Test
{quote} IMO, GOLD buy is just started. {image}
I entered on Friday, bad entry, wanted out. Closed in a small profit.
Will re enter at some point.
Quoting mysterio
{quote} Agreed
What do you mean by exhausting buyers? Please explain?
Quoting Wavegarrick
Quoting snowflower
Quoting Wavegarrick
{quote} Wow, I did not expect this attack. It is very clear that you have ulterior motives. You obviously do not see the big picture and it is totally out of your realm to book trades of 2000 pips plus. I post, my trades here unlike you, and I see them through as a long-term position trader, unlike you, If my trades get taken out at break even it is because I am a long-term trader, and I have long-term trades to back me up. I do not even wish to answer further because you have not contributed
...
Wow, it turns out that Snowflower has an additional username. I suspect who he is. Just look at the way he posts. Also a regular popular trader here. Be careful who you trust folks. Forex is a cruel world.
Cheers.
Trade to trade another day
Quoting gatenio
{quote} shana tova gever, chag sameah.
חג שמח אחי חתימה טובה ושנה טובה
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
Quoting bilal.cybrog
{quote} What do you mean by exhausting buyers? Please explain?
Market makers making life difficult for any early buyers trying to get long by repeatedly sweeping the lows and taking their stops. Once the MMs have taken enough liquidity from the early participants price can shoot up. Notice the last time we were down at 1.36 how similar the price behaved. They want to match as many buyers down here as possible before sending price up which means accumulating, moving price up and down past highs and lows
Quoting Wavegarrick
{quote}{quote}{quote} Wow, it turns out that Snowflower has an additional username. I suspect who he is. Just look at the way he posts. Also a regular popular trader here. Be careful who you trust folks. Forex is a cruel world. Cheers.


i am curious to know why someone will come to forum to bully

this forum is not just a forum but wealth, people are running huge amount of funds in live account and yet someone come here to show rudeness and disrecpect .

my post may get extracted but i have never been suspended on FF.
PLAN YOUR RISK & REWARD BEFORE INVEST
Quoting mysterio
{quote} Market makers making life difficult for any early buyers trying to get long by repeatedly sweeping the lows and taking their stops. Once the MMs have taken enough liquidity from the early participants price can shoot up. Notice the last time we were down at 1.36 how similar the price behaved. They want to match as many buyers down here as possible before sending price up which means accumulating, moving price up and down past highs and lows
WOW!! Thanks for the knowledge.
May be someday we can f.. the market makers and take their liquidity.
NY didnt buy
if you notice they open below 3675 and stayed between for 3hrs

i had 2 long 13675 for longer-term if it work and 13650 for scalp tp didnt hit and closed manually, i either end a day with less loss or less profit thats my goal.

still waiting for that retrace and 1 final push down if it happen.
PLAN YOUR RISK & REWARD BEFORE INVEST
Quoting pipibrasci
{quote} Played out nicely. {image}
MY OPINION- Near term target from highs/pull back
1.3540
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Near term target 16H.JPG Size: 72 KB
Grit; Knowledge; positive mindset; all you need to overcome; KIS!!!
Quoting bilal.cybrog
{quote} WOW!! Thanks for the knowledge. May be someday we can f.. the market makers and take their liquidity.
Sorry to jump in. But curious to ask this question. Why would you want do that ? There no such thing as market makers. If I were you, I would be spending more time to be good trader in all the aspects. No offence though.
Fools Rushing
Quoting MTF Test
{quote} Sorry to jump in. But curious to ask this question. Why would you want do that ? There no such thing as market makers. If I were you, I would be spending more time to be good trader in all the aspects. No offence though.
OK I am trying but seeing the charts with so many levels and things like that I think it might take like some years.
Until that time i look through all the posts and find real traders who trade and educate starters like me.
Cheers.
My observation- For the last three months, whenever cable goes down, it goes down like a freefall without much retracement. But when cable wants to move up, it struggles with lots of pullback and retest.

For the last few months, cable moves at the mercy of the USD. Unless BoE intervenes, this scenario should not be changed.

If cable convincingly breaks the 1.3570 level, it is game over for bull at least for the rest of the year.
Quoting rifsss
My observation- For the last three months, whenever cable goes down, it goes down like a freefall without much retracement. But when cable wants to move up, it struggles with lots of pullback and retest. For the last few months, cable moves at the mercy of the USD. Unless BoE intervenes, this scenario should not be changed. If cable convincingly breaks the 1.3570 level, it is game over for bull at least for the rest of the year.

bearish market are usually very fast and aggressive than the bull
PLAN YOUR RISK & REWARD BEFORE INVEST
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 30 KB
Quoting donfriday
{quote} i am curious to know why someone will come to forum to bully this forum is not just a forum but wealth, people are running huge amount of funds in live account and yet someone come here to show rudeness and disrecpect . my post may get extracted but i have never been suspended on FF.
No, I don't think you will be suspended. You have not attacked anyone. We have the right to know about the dangers of forex. It is your own hard-earned cash at stake. If someone tries to break your confidence it could affect your trading and that is a no-no for me.
Trade your trade and I believe sharing here makes you more focused in your trading and ultimately more confident in your trading. Don't let anyone take that away from you.
Cheers.
Trade to trade another day
Quoting bilal.cybrog
{quote} What do you mean by exhausting buyers? Please explain?
Good explanation from mysterio!


Just want to add:
(If you are not familiar with orders matching mechanics next will sounds like abracadabra.. )
Large participants usually trade with limit orders, they need to mask their activity as much as possible. The exchange also offers them special order types -- ghost- and iceberg limit orders. Which is invisible or partly visible in DOM.

If more volume is traded at the ask side during the day, but the price does not move up or even falls -- then sell-limit orders are placed few ticks behind the price, market-buy orders can't lift price higher.
At the same time sell-market orders easily moves price down without meeting much resistance from the passive buyers.
Many nuances here, actually. I will not go deeper.

Maybe I used wrong word, because classical definition for exhaustion is different.
Bottom line is: it's not time to buy, yet. But soon, I believe.

PA on July 20 -20 and Aug 17 -20 indeed is very similar in this terms.

Regards

(Excuse me my English)
New York Market trading transactions... Since it's ping pong between 1.3640 - 1.3690... more break expected tomorrow...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20210920-190152.png Size: 155 KB
162 traders viewing now, 30 are members:
,
,
,
Briks
,
k.k
,
,
JackintheBox
,
,
LLawliet
,
Akk72
,
Akhmal90
,
,
melcaralx
,
victorionfx
,
mohrali
,
lipopos
,
khimdhua
,
Absolem
,
aerowisp
,
greenpips4
,
Chancy
,
sam3234
,
ChilliCrab
,
,
Step-V
,
,
halkins
,
,
take-profit
,
Patas