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Cable Update (GBPUSD)

  • #629,501
  • Oct 10, 2021 8:40am Oct 10, 2021 8:40am
Quoting W0lfram
{quote} Oh I see. The order flow stuff seemed complicated to me for the first month (new terms, marker mechanics and so on), then I got used to it. This is just pure supply/demand analysis. I think that the apparent complexity of someone's system should not worry anyone.
If that analysis work for you, then that's good. I am not worried about your system though. I am just worried about the newbies that will read this topic. They are the reason why i started posting on this forum.
You have to have an IQ higher than 90 to interact with this user.
  • #629,502
  • Oct 10, 2021 8:41am Oct 10, 2021 8:41am
Quoting mysterio
BoE guy talking about rate hikes this weekend : https://www.reuters.com/world/uk/ban...se-2021-10-09/ Gilt markets already pricing this in: https://www.tradingview.com/x/I0BaUcfL/
Inflation rate in this quarter was expected to rise even higher, nothing new for BOE, as planned. Media rumours that worries me.
  • #629,503
  • Oct 10, 2021 8:44am Oct 10, 2021 8:44am
Quoting Nordling00
{quote} If that analysis work for you, then that's good. I am not worried about your system though. I am just worried about the newbies that will read this topic. They are the reason why i started posting on this forum.
Newbies will skip my posts because of some complex shit in it. Everyone is safe.
Air force
  • #629,504
  • Edited 12:00pm Oct 10, 2021 8:47am | Edited 12:00pm
... interesting discussion in the last couple of pages of the thread. I think it was the infamous Jesse Livermore that said that when you naturally fear you should hope, and when you naturally hope you should fear' when explaining that trading emotions should necessarily run counter-intuitive to natural human emotions. Put another way, when everyone else is selling it represents a cheaper buying opportunity and when everyone else is buying it represents a cheaper selling opportunity. Trading as I am sure we all know and have experienced is essentially 90% psychological. Ie once we have a proven edge (the easier bit,) and know all we need to know about it (what most miss,) then it is a case of learning to trade it so that we close what Mark Douglas called the 'profit gap,' ie the difference between having a theoretically profitable edge and actually making a profit from trading it, ie broadly speaking - keeping our emotions in check/under control.

I think one of the main overriding issues is that folk find it hard to accept uncertainty and believe they have to find it in their trading or else search for it as some kind of comfort blanket to wrap themselves in whilst they trade. It is futile, it doesn't exist in trading, nor in life itself, to a greater or lesser extent. Learn to accept that it is essentially, and in a nutshell, a game of probabilities that should be coupled with risk, money, and trade management, and the psychological side of trading gets a lot easier. Stop thinking or feeling what the market may do, because as we all know the market doesn't give a rats ass what we think/feel, and only have a bias when the market has a bias, ie when it is trending (on the t/f (s) of interest to you. Your gut feeling is not an edge unless you have large sample (s) recorded empirical evidence to prove that it does provide you with one, and, you've closed the 'profit gap' trading it. I'm willing to bet that no one here does/has.
Trader with an Edge.
  • #629,505
  • Oct 10, 2021 8:53am Oct 10, 2021 8:53am
Whole trading is about direction, but people are afraid of forecasting or predicting the price.
Not with I think. But with structured system. With certainty, probability
  • #629,506
  • Edited 9:13am Oct 10, 2021 8:54am | Edited 9:13am
CPI is a made up number grossly understimating price rise, yet you can't hide some rise
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #629,507
  • Oct 10, 2021 9:01am Oct 10, 2021 9:01am
Quoting Nordling00
{quote} Hey Bones. NFP was awful last Friday, but unemployment rate was pretty good and USD was very bullish in Wall Street session. Can we say overall unemployment rate is more important to the FED and the to markets compared to the NFP? Thanks in advance.
I don't know ,if anything id rather see the rate go up when jobs aren't filled as expected .This result we saw is inflationary in its own right as wages need to go up to bring those missing workers back.
The FED should act but I don't think it fits with agenda ,they must be forced
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #629,508
  • Oct 10, 2021 9:06am Oct 10, 2021 9:06am
Quoting mysterio
BoE guy talking about rate hikes this weekend : https://www.reuters.com/world/uk/ban...se-2021-10-09/ Gilt markets already pricing this in: https://www.tradingview.com/x/I0BaUcfL/
could that be the reason why the weekend pair is up 26 pips?
Insane in the Brain..
  • #629,509
  • Oct 10, 2021 9:08am Oct 10, 2021 9:08am
Quoting zwiersat
hi Guys, I hope you are doing fantastic, I needed some help finding the mq4 of this indicator this is the TMA slope MTF v 1.0.0 here is a pic of the indicator, I have it but I dont have the mq4, only the ex4. thanks so much guys! {image}
Good choice of colors, hard to read even when highlighted. Looking forward for your posts.
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Air force
  • #629,510
  • Oct 10, 2021 9:10am Oct 10, 2021 9:10am
The coming weeks direction is..............50/50
  • #629,511
  • Oct 10, 2021 9:42am Oct 10, 2021 9:42am
We should not take out of the picture implementation of negative interest rates.
Major banks been preparing for this scenario since last year.

http://www.bnnbloomberg.ca/u-k-banks...bles-1.1632820

https://www.schroders.com/en/insight...turn-negative/
  • #629,512
  • Oct 10, 2021 9:58am Oct 10, 2021 9:58am
Quoting Jolita
We should not take out of the picture implementation of negative interest rates. Major banks been preparing for this scenario since last year. http://www.bnnbloomberg.ca/u-k-banks...bles-1.1632820 https://www.schroders.com/en/insight...turn-negative/

I’d be surprised if we go there as inflation is quite high already. Negative rates will only push inflation higher as cost of goods is soaring at the moment.

negative rates would have been ideal to kick start the economy which it seems we don’t need. Of course the true impact of Brexit can and more than likely will have a footprint which should become more apparent next year at the earliest. Giving bozo the clown to stop blaming covid
Insane in the Brain..
  • #629,513
  • Oct 10, 2021 10:36am Oct 10, 2021 10:36am
Quoting W0lfram
'Deep meaning' Russian joke. About how important it is not to confuse things... A hedgehog sits on the bank of the river and clogs a joint. A beaver approaches him and says: Hedgehog, what are you doing? H: I'm hammering a jamb. B: Will you give me a drag? H: You don't know how. B: Teach me. H: In short, now you drag on and dive, but on the other side you exhale and catch a buzz, understand? The beaver drags on and dives. Comes out, exhales and lies, gets high. A hippo walks past, and asks the beaver, why is he lying so happy? And the beaver says...
"Beaver!!! Exhale!!! Exhale!!!"

hohohoho this is good mate... I only like to keep your joke in the record but just remember I lost track of many good post by liking them, if not comment to it... I could just not find those again ... a secret thing of FF maybe
  • #629,514
  • Oct 10, 2021 10:43am Oct 10, 2021 10:43am
Quoting Pat Chiko
{quote} GU thought process EDIT sorry wrong chart {image} P/S only Gold are my darling tonight
GU

still stuck with few position to carry forward.

Hope i got LUCK next week if price spuke down taking origin of compresskon.

“As an analogy - SPACE TIME CONCEPT, space and time are woven together into a fabric of our existance
so often l entered trades based on compression, because compression is truly a leading indicator - ( sound like Star Trex)
Its clearing Demand or supply to turn before the zone is reached .......... therefore its already told us its going to turn - otherwise it wouldn't compress itself - this implies PRICES THINK AHEAD OF TIME - no other explanation can be given for this type of PA, or atleast no trader has ever been able to come to any other conclusion with charting to prove it otherwise.
Hope someday in future someone could explain to me.

Entered a GU trade based on compression, knowning NFP news HAPPENED- ahhhh, but compression was there BEFORE THE NEWS ...........

the chart shows the supply cluster on the left, when tested, at SBR zone

May the force be with you

Trade well next week and look forward more pafticipant discuss GU in rhis thread.

Here's the H4 chart with current position
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Hope bull will make an apprearance mid of next week.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #629,515
  • Oct 10, 2021 11:01am Oct 10, 2021 11:01am
Quoting BeeTogether
{quote} I’d be surprised if we go there as inflation is quite high already. Negative rates will only push inflation higher as cost of goods is soaring at the moment. negative rates would have been ideal to kick start the economy which it seems we don’t need. Of course the true impact of Brexit can and more than likely will have a footprint which should become more apparent next year at the earliest. Giving bozo the clown to stop blaming covid
Why do you think media started talking about rate change? Surprises never end.

UK furlough scheme has ended, companies reducing staff numbers but at the same time pay rates increasing as job market have employee shortages. Labour revalued what is imported in life, by making serious life decisions. A few rising points to mention -
Inflation,
fuel cost,
borrowing and debt.
Who can afford mortgage, credit card repayments in these conditions?
Also Uk out of Eu, will need to prove 'we can do' and follow Switzerland, Denmark, Japan as an example. All of the countries have lowest interest rates and succeeded.

https://www.investopedia.com/article...rest-rates.asp
  • #629,516
  • Oct 10, 2021 11:02am Oct 10, 2021 11:02am
Quoting Waveskierrob
The coming weeks direction is..............50/50
I like that prediction.. Spot on. Same as mine

If I may add note to that prediction, it will be Like having a market technician rise above bull/bear affiliation.
Be neither a bull nor a bear, but you only seek the truth.
A biased bull looks at a chart and says, ªWhere can I buy?º A biased bear looks at the same chart and tries to find where he can go short.
A top flight analyst is free of bullish or bearish biases.

There is a trick to help you detect your bias.
If you want to buy, turn your chart upside down and see whether it looks like a sell.
If it still looks like a buy after you flip it, then you have to work on getting a bullish bias out of your system.
If both charts look like a sell, then you have to work on purging a bearish bias.
Ha ha ha.. The las part is just kidding. Please don't do it

Warm regards

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #629,517
  • Oct 10, 2021 11:05am Oct 10, 2021 11:05am
Quoting Jolita
{quote} Why do you think media started talking about rate change? Surprises never end. UK furlough scheme has ended, companies reducing staff numbers but at the same time pay rates increasing as job market have employee shortages. Labour revalued what is imported in life, by making serious life decisions. A few rising points to mention - Inflation, fuel cost, borrowing and debt. Who can afford mortgage, credit card repayments in these conditions? Also Uk out of Eu, will need to prove 'we can do' and follow Switzerland, Denmark, Japan as an example....
thing is negative rates is a very left idea, can’t see bozo leaning on BoE for it. You are right though bottom line is we are out of EU and soon the pandemic excuses will go too. And then we will be up shits creek without a paddle. L
Insane in the Brain..
  • #629,518
  • Oct 10, 2021 11:06am Oct 10, 2021 11:06am
Quoting Pat Chiko
{quote} I like that prediction.. Spot on. Same as mine If I may add note to that prediction, it will be Like having a market technician rise above bull/bear affiliation. Be neither a bull nor a bear, but you only seek the truth. A biased bull looks at a chart and says, ªWhere can I buy?º A biased bear looks at the same chart and tries to find where he can go short. A top flight analyst is free of bullish or bearish biases. There is a trick to help you detect your bias. If you want to buy, turn your chart upside down and see whether it looks like...
Brilliant
  • #629,519
  • Oct 10, 2021 11:12am Oct 10, 2021 11:12am
Quoting Waveskierrob
{quote} Brilliant
Which part?

Flipping chart is NO NO

just kidding..... Lol
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #629,520
  • Oct 10, 2021 11:14am Oct 10, 2021 11:14am
Quoting Pat Chiko
{quote} Which part? Flipping chart is NO NO just kidding..... Lol
All of it
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