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Cable Update (GBPUSD)

  • #668,221
  • Jul 9, 2022 4:04am Jul 9, 2022 4:04am
Quoting Headland
{quote} Equidistant 274pips up/down from the week's close...my 13wk (1/4 year) awr is 281. Weds may have a say in it with Uk Gdp and U.s Cpi, No idea though, it would just be a guess (which is not how my edge is derived,) and as I am always carping on about those that think they can predict, (they can't - for the avoidance of any doubt,) or what they feel/think/expect (like the market gives a shit about what we feel/think/expect,) I'll stay quiet lol! It would somehow be hypercritical to guess.
The blunt truth is that each time you place a trade, you have already predicted. You place a trade in anticipation of profit which can either go up or come down. The act of forex trading has to do with buying and selling ahead of future outcome, which in an actual sense means we are all predicting by choosing a side that has more chance of winning than losing.

If we are not predicting then why are we analysing the market with different tools before we take a position? No one is certain about the future as we are mere humans, but we try our best by doing things now that by the time future comes we will hopefully be happy about the decisions taken.
Data + Stat + Risk/Emotions Management
  • #668,222
  • Jul 9, 2022 4:10am Jul 9, 2022 4:10am
next week
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  • #668,223
  • Jul 9, 2022 4:18am Jul 9, 2022 4:18am
Quoting Georginson
{quote} The blunt truth is that each time you place a trade, you have already predicted. You place a trade in anticipation of profit which can either go up or come down. The act of forex trading has to do with buying and selling ahead of future outcome, which in an actual sense means we are all predicting by choosing a side that has more chance of winning than losing. If we are not predicting then why are we analysing the market with different tools before we take a position? No one is certain about the future as we are mere humans, but we try our...
Dont predict... React to confirmations which tells you where the money is moving
  • #668,224
  • Jul 9, 2022 4:18am Jul 9, 2022 4:18am
Quoting martinez1
Forex is the best thing that happened to me after knowing knowing my saviour. when i looked at how i was struggling for over a decade, with my trading psychology, not knowing how to trade ( while thinking i knew how), there were times i thought and ask myself will i ever get success in this? but thank God i held on and said i will die trying and today at least i can pay my bills with it, i leave my dreams knowing i can't run short of money, i can travel to anywhere i like. Please to whosoever reading this. Pls don't give up even when everybody gives...
Thank you for sharing this, much needed
May I know how old are you?
  • #668,225
  • Jul 9, 2022 4:29am Jul 9, 2022 4:29am
Quoting Georginson
Hello guys, it is time to Vote.... Which of these prices will be seen first next week 1.1757 or 1.2305 Voting Closes 5 minutes before market close...
As much I would like to see 1.2305 first, my vote goes to 1.1757 (reasoning - bears not done yet, that spike lower on Friday was strong).
We will find out next week.
Thanks.
  • #668,226
  • Edited 6:23am Jul 9, 2022 4:30am | Edited 6:23am
Quoting Georginson
{quote} The blunt truth is that each time you place a trade, you have already predicted. You place a trade in anticipation of profit which can either go up or come down. The act of forex trading has to do with buying and selling ahead of future outcome, which in an actual sense means we are all predicting by choosing a side that has more chance of winning than losing. If we are not predicting then why are we analysing the market with different tools before we take a position? No one is certain about the future as we are mere humans, but we try our...

The 2 things don't have to follow each other. It may be semantics to some but there is a difference and it is this: In placing a trade knowing what the probability of a winning trade is, based on past historical outcomes, it is not predicting, it is merely playing an edge. All we know when we place that trade is the historical probability of a winning trade based on a past sample (s) size of times it happened before. On any occasion our edge sets-up in the future we do not know whether on any particular occasion it does that it will be one of the times it produces a winning trade, or a losing trade, (assuming the trade has been taken on a set-up that has not displayed a 100% win probability over those historical samples.) We cannot know because every moment in the market is unique, made up of a mix of different buyers/sellers and volume than last time the edge set-up. Therefore we are not predicting the outcome (because prediction is not possible,) although obviously we hope that the outcome of every trade will be a win. We place the trade though knowing that if the market behavior underlying the reason we placed the trade, [ie the repeating set-up/edge that developed,] continues into the present and future, then over the future sample of trades, a net gain will be achieved overall across the sample, providing we stick to the risk and money management rules associated and optimised to the particular edge.
Trader with an Edge.
  • #668,227
  • Jul 9, 2022 4:56am Jul 9, 2022 4:56am
Quoting Georginson
Hello guys, it is time to Vote.... Which of these prices will be seen first next week 1.1757 or 1.2305 Voting Closes 5 minutes before market close...
Magic coin says "tails" so "1.1757 " for me
  • #668,228
  • Jul 9, 2022 5:17am Jul 9, 2022 5:17am
Quoting Georginson
Hello guys, it is time to Vote.... Which of these prices will be seen first next week 1.1757 or 1.2305 Voting Closes 5 minutes before market close...
I liked the daily close, so 1.2305
Face 'ur fears & tame 'ur greed
  • #668,229
  • Jul 9, 2022 5:37am Jul 9, 2022 5:37am
Quoting JereMi256
{quote} I liked the daily close, so 1.2305
1.1757 is most likely, so says H4
  • #668,230
  • Edited 6:03am Jul 9, 2022 5:45am | Edited 6:03am
Quoting dele5000
{quote} 1.1757 is most likely, so says H4
At H4 TF price close above the TL signaling further upside, supported with bullish divergence from this TF D1 and W1 also, Im expecting this all div's explode the price up in near term, trade safe!
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People don't plan to lose. They lose because they don't plan.
  • #668,231
  • Jul 9, 2022 6:16am Jul 9, 2022 6:16am
Monday, on open, a pull back is what I expect after Tokyo open below 2047 towards daily pivot and below.

THen a rise may happen.
Intraday only.
  • #668,232
  • Jul 9, 2022 7:10am Jul 9, 2022 7:10am
Hi All!
I'm new here but been trading a while. To add my two cents, I'm hoping for 1.23 but could easily see it reaching 1.15 if there continues to be strong news from the US. I'm long on cable so hoping the GBP gains some strength. I guess time will tell!
  • #668,233
  • Jul 9, 2022 7:50am Jul 9, 2022 7:50am
Quoting Pat Chiko
{quote} I like to tell a story, sorry for my English, with limited vocabulary as non native English speaker. Imagine someone who is driving around but has no where in particular to go. We'll call him Warrick Dunn ( Footballer) . {image} Mr. Dunn (or Done) stops at a fast food restaurant and orders a sandwich. The sandwich turns out to be the worst sandwich he's ever had. It's been burnt, dropped, and the sauce on it is spoiled. As a result, Warrick complains and then talks to the other restaurant patrons about the food. The manager is not very happy...
This is a wonderful piece and to crown it all...

I will say commitment is what has kept me going and brought me to were i am currently ( am not there yet but am still going)

He who stand for something does not and will not for anything.

I can give you money or point you to a good directions that will benefit your trading but to tell you exactly why, how, when i trade i won't do that because

1) that's what makes me unique.

2) that's what makes my trading me so if i give you then i will be giving you me.

3) I wish to take a huge part of the 7 trillion daily pie and by doing that it will affect a lot of things

4) Nobody handed me anything, i took clues here and there for over a decade and some years and am still taking

There are clues everywhere, even here so read and study and then you will be able to summon all the particles from all corners of the online world that will make your trading edge.

When people post their result don't feel the owe you anything or they are lying about it, see it as it is possible, be inspired by it, be motivated by it to work harder and smarter. cry if you want to but don't despise and hate them or their result because when you do, you will be telling the Universe/Divine forces that you don't believe it can be done and so you won't get it. ETC. Cheers

There was no second option for me i had only first option and a single option.
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #668,234
  • Jul 9, 2022 8:03am Jul 9, 2022 8:03am
Quoting makl
{quote} Thank you for sharing this, much needed May I know how old are you?
HAHAHAHAHA, AM 38 this year, i open my first forex account in 2009 but heard about forex around 2006/2007.

And instaforex was my first account, which i
funded through Liberty Reserve and i was the first 5000 ( or less) traders to join Exness when they came.

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THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #668,235
  • Jul 9, 2022 9:04am Jul 9, 2022 9:04am
Quoting Georginson
Hello guys, it is time to Vote.... Which of these prices will be seen first next week 1.1757 or 1.2305 Voting Closes 5 minutes before market close...
1.2305 is a must for me folks by end of next week. Of course I could be wrong.
Trade well,
Cheers
Trade to trade another day
  • #668,236
  • Jul 9, 2022 9:11am Jul 9, 2022 9:11am
Quoting ScalaFX
{quote} Hey bro! Can you elaborate more about your last post? I dont know exactly what is on your mind.. cheers!
Just use your imagination Bro. no sweat just go with the flow,
Cheers.
Trade to trade another day
  • #668,237
  • Jul 9, 2022 9:40am Jul 9, 2022 9:40am
Quoting Pat Chiko
{quote} I like to tell a story, sorry for my English, with limited vocabulary as non native English speaker. Imagine someone who is driving around but has no where in particular to go. We'll call him Warrick Dunn ( Footballer) . {image} Mr. Dunn (or Done) stops at a fast food restaurant and orders a sandwich. The sandwich turns out to be the worst sandwich he's ever had. It's been burnt, dropped, and the sauce on it is spoiled. As a result, Warrick complains and then talks to the other restaurant patrons about the food. The manager is not very happy...
I don't know the story with the sandwich, but I know something about Warrick Dunn. For those who didn't follow his college (FSU) and NFL(TB, Atl) respective careers. I assure you that Dunn wasn't a petty loser but an American success story. He got a respectable career, his jersey was retired, and he accumulated wealth that allows him a comfortable life now and in his golden years. It couldn't happen if he weren't totally professional on and off the field, dedicated to the ambitious goals to achieve. I don't want you to judge Dunn on one "sandwich" event because I firmly believe it had to be more to it. If you don't know what kind of person Warrick Dunn has been, please, read the below attachment.
https://bleacherreport.com/articles/...dia-wont-touch
Always trade your own plan...I don't provide trading signals.
  • #668,238
  • Jul 9, 2022 10:37am Jul 9, 2022 10:37am
Quoting Coreg2004
{quote} I don't know the story with the sandwich, but I know something about Warrick Dunn. For those who didn't follow his college (FSU) and NFL(TB, Atl) respective careers. I assure you that Dunn wasn't a petty loser but an American success story. He got a respectable career, his jersey was retired, and he accumulated wealth that allows him a comfortable life now and in his golden years. It couldn't happen if he weren't totally professional on and off the field, dedicated to the ambitious goals to achieve. I don't want you to judge Dunn on one...
There is always danger to one sided story... Dunn is a great philanthropist with plethora of humanitarian services.
Data + Stat + Risk/Emotions Management
  • #668,239
  • Jul 9, 2022 10:40am Jul 9, 2022 10:40am
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  • #668,240
  • Jul 9, 2022 11:11am Jul 9, 2022 11:11am
Quoting Waveskierrob
{image}
Now this is why I have such a negative view on this whole thing. There are subtle hints thrown at me all the time. Waveskierrob has been trolling me here and in various other threads and I have stopped posting my views. I ask myself why?. Is Waveskierrob, Pat and is Pat, Martinez. I just don't know but it has hindered my participation here surely I have to ask Twee to intervene,
Cheers
Trade to trade another day
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