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Cable Update (GBPUSD)

  • #680,781
  • Sep 4, 2022 12:35pm Sep 4, 2022 12:35pm
Quoting hoda
{quote} Why is forecasting important? Forecasting is valuable to businesses because it gives the ability to make informed business decisions and develop data-driven strategies. Financial and operational decisions are made based on current market conditions and predictions on how the future looks. What is business forecasting? Business forecasting consists of tools and techniques used to predict changes in business, such as sales, expenditures, profits and losses. The goal of business forecasting is to develop better strategies based on these informed...
Hi, Forecasting is invaluable until we meet Forex.
The vast majority of retail traders lose mainly due to bogus forecasts .
OR ,, in many cases they trade with ridiculous stops which are far too small.
Trade the Trend???? which time frame?
Trade Well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #680,782
  • Sep 4, 2022 12:37pm Sep 4, 2022 12:37pm
Quoting billytt
{quote} Hi, Forecasting is invaluable until we meet Forex. The vast majority of retail traders lose mainly due to bogus forecasts . OR ,, in many cases they trade with ridiculous stops which are far too small. Trade the Trend???? which time frame? Trade Well.
Luv this reply
Intraday only.
  • #680,783
  • Sep 4, 2022 12:45pm Sep 4, 2022 12:45pm
Quoting billytt
{quote} Hi, Forecasting is invaluable until we meet Forex. The vast majority of retail traders lose mainly due to bogus forecasts . OR ,, in many cases they trade with ridiculous stops which are far too small. Trade the Trend???? which time frame? Trade Well.
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  • #680,784
  • Sep 4, 2022 12:56pm Sep 4, 2022 12:56pm
Quoting donfriday
{quote} Coreg wait u fall my hand big time, why did you wait for a moment like this to show ur dislike for him over a topic that doesn’t concern you at all, I respect ur trading views and personality but you should pour out ur mind at the right time not over an issue not related to u.. you jump into a conversation just like that without asking a damn question, truth be told I expect more from you than this buddy.
donfriday, I have a right to respond when my FF name is mentioned in a dedicated post to me.
Always trade your own plan...I don't provide trading signals.
  • #680,785
  • Sep 4, 2022 1:01pm Sep 4, 2022 1:01pm
Quoting billytt
{quote} Hi, Forecasting is invaluable until we meet Forex. The vast majority of retail traders lose mainly due to bogus forecasts . OR ,, in many cases they trade with ridiculous stops which are far too small. Trade the Trend???? which time frame? Trade Well.
Why do different people have different thoughts?

Speaking at a scientific level.
The human thought process is associated with the neuronal activity of the brain.
The human brain is a complex structure and is responsible for thinking .
More specifically the cerebral cortex, which creates consciousness and thinking.
The humans have cerebral cortex which is wrinkled and folded as seen in below. The outer bark-like layer of our brain that allows us to so successfully use language, acquire complex skills, create tools, and live in social groups.
The cortex contains about 20 billion nerve cells and 300 trillion synaptic connections. Supporting all these neurons are billions more glial cells , cells that surround and link to the neurons, protecting them, providing them with nutrients, and absorbing unused neurotransmitters.
Many parts of the brain work in coordination in a sophisticated manner to integrate information and develop thoughts.
As oils to the Engine. Even if engine is perfect, the engine oils are responsible for how smoothly an engine works.
Neurochemicals to the brain.
Endocannabinoids are know as bliss molecules
Dopamine is known as reward molecule
Oxytocin responsible for human bonding
Endorphin is responsible pain killing.
GABA: gamma-Aminobutyric acid (γ-Aminobutyric acid) it helps in dealing with anxiety
Serotonin is responsible for being confident.
Adrenaline gives energy to fight or flight in humans.
The above neurochemicals do the function of the oil, but we can add oils to the engine and make it run as we like.
The neurochemicals have to be produced by our cells, working mechanism of cells is very complex and is a topic of discussion for another time. In every humans, they are not produced in same way or in balanced proportion. Hence so many different behaviors in different people.
Science of the brain is triad of electrical (brain waves), architectural (brain structures) and chemical (neurochemicals) components working in concert to create a state of mind.
So one has to know that there is not a one-size-fits-all prescriptive when it comes to creating a neurochemical balance that correlates to the though process of humans.
In a layman’s terms.
Even at physical level, no two humans are same in the world.
Children born to same set of parents are not alike even in appearance.
No two people can have same brain considering the complex structure of the brain as explained above and more so the neurochemical balance in the brain.
And hence, no two people can think alike or different people think differently.
Intraday Trading is an Art _ hoda
  • #680,786
  • Sep 4, 2022 1:04pm Sep 4, 2022 1:04pm
Quoting hoda
{quote} Why do different people have different thoughts? Speaking at a scientific level. The human thought process is associated with the neuronal activity of the brain. The human brain is a complex structure and is responsible for thinking . More specifically the cerebral cortex, which creates consciousness and thinking. The humans have cerebral cortex which is wrinkled and folded as seen in below. The outer bark-like layer of our brain that allows us to so successfully use language, acquire complex skills, create tools, and live in social groups....

indeed that what makes the market , buyers and sellers
Blank and Empty
  • #680,787
  • Sep 4, 2022 1:13pm Sep 4, 2022 1:13pm
[quote=hoda;14124163]{quote} Why do different people have different thoughts? Speaking at a scientific level. The human thought process is associated with the neuronal activity of the brain. The human brain is a complex structure and is responsible for thinking . More specifically the cerebral cortex, which creates consciousness and thinking. The humans have cerebral cortex which is wrinkled and folded as seen in below. The outer bark-like layer of our brain that allows us to so successfully use language, acquire complex skills, create tools, and live in social groups. The cortex contains about 20 billion nerve cells and 300 trillion synaptic connections. Supporting all these neurons are billions more glial cells , cells that surround and link to the neurons, protecting them, providing them with nutrients, and absorbing unused neurotransmitters. Many parts of the brain work in coordination in a sophisticated manner to integrate information and develop thoughts. As oils to the Engine. Even if engine is perfect, the engine oils are responsible for how smoothly an engine works. Neurochemicals to the brain. Endocannabinoids are know as bliss molecules Dopamine is known as reward molecule Oxytocin responsible for human bonding Endorphin is responsible pain killing. GABA: gamma-Aminobutyric acid (γ-Aminobutyric acid) it helps in dealing with anxiety Serotonin is responsible for being confident. Adrenaline gives energy to fight or flig

I have it on good advice, that your above post is correct.
But,,,, i am speaking forex trading where we have a large group of people all with different brains , all thinking differently but with a common aim to make ££££ $$$$.
But they are against the market makers who obviously move price and they work in unison without any rules.
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #680,788
  • Sep 4, 2022 1:24pm Sep 4, 2022 1:24pm
Quoting billytt
Quoting hoda
{quote} Why do different people have different thoughts? Speaking at a scientific level. The human thought process is associated with the neuronal activity of the brain. The human brain is a complex structure and is responsible for thinking . More specifically the cerebral cortex, which creates consciousness and thinking. The humans have cerebral cortex which is wrinkled and folded as seen in below. The outer bark-like layer of our brain that allows us to so successfully use language, acquire complex skills, create tools, and
...
If we want to earn money, we have to think like them...and ofcourse follow the price...
Intraday Trading is an Art _ hoda
  • #680,789
  • Sep 4, 2022 1:26pm Sep 4, 2022 1:26pm
Quoting hoda
{quote}{quote} If we want to earn money, we have to think like them...and ofcourse follow the price...
Precisely, you got it......
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #680,790
  • Sep 4, 2022 1:38pm Sep 4, 2022 1:38pm
Here is my suggestion... Any post as regards to trade taken or direction of trade or forecast or bias should clearly come with no obligation to follow.

I may post a bias and yet change my mind without the obligation to come and post it and some subscribers may have followed my earlier post without knowing I have changed my mind.

We have senior members in this thread (red badge) whose posts get a lot of attention and we should be absolutely responsible enough to filter our posts as much as possible so as not to mislead others.

Furthermore, other thread users should also know that having a red badge isn't a criteria of success or an obligation to be followed. It takes a great deal of courage to post in a thread of this magnitude and since we are not God no one I mean absolutely no one is perfect and if you think you are perfect then you are absolutely deluded.

I had to adapt my system from swing to intraday, then from intraday to scalp and strategic laddering and I cannot be posting it Everytime I change my trading bias. Hence I will frankly state that my posts come with no obligation to follow.

Cheers,
George.
Data + Stat + Risk/Emotions Management
  • #680,791
  • Sep 4, 2022 2:03pm Sep 4, 2022 2:03pm
Someone going to post about GU soon?

maybe i will start.

IMO, Friday new low is very good for short-term bulls.
first price may take some buyside liquidity just above Friday high (London&NY high) and even could scratch 1.16283 ( above month open)

and yes, i may be wrong
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  • #680,792
  • Sep 4, 2022 2:09pm Sep 4, 2022 2:09pm
Quoting Whale
Someone going to post about GU soon? maybe i will start. IMO, Friday new low is very good for short-term bulls. first price may take some buyside liquidity just above Friday high (London&NY high) and even could scratch 1.16283 ( above month open) and yes, i may be wrong {image}
You right....GU will either open up, down or equal to close but won't know until then
  • #680,793
  • Sep 4, 2022 2:12pm Sep 4, 2022 2:12pm
Quoting Waveskierrob
{quote} You right....GU will either open up, down or equal to close but won't know until then
for sure.
  • #680,794
  • Sep 4, 2022 2:18pm Sep 4, 2022 2:18pm
prepare for the dump

https://www.reuters.com/business/ene...ut-2022-09-04/

Quote
No Stream: EU gas markets brace for price surge after latest Russia gas cut
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #680,795
  • Sep 4, 2022 2:25pm Sep 4, 2022 2:25pm
i don't know if this is a data error or not on pre-market
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #680,796
  • Sep 4, 2022 2:29pm Sep 4, 2022 2:29pm
Quoting ForexGoose
i don't know if this is a data error or not on pre-market {image}
Definitely, Xe.com has 1506 now
People don't plan to lose. They lose because they don't plan.
  • #680,797
  • Sep 4, 2022 2:32pm Sep 4, 2022 2:32pm
GU to break weekly low
  • #680,798
  • Sep 4, 2022 2:34pm Sep 4, 2022 2:34pm
Quoting ScalaFX
{quote} Definitely, Xe.com has 1506 now
i think that there will be a gap down and then a dump in low liquidity
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #680,799
  • Sep 4, 2022 2:37pm Sep 4, 2022 2:37pm
Quoting ForexGoose
prepare for the dump https://www.reuters.com/business/ene...ut-2022-09-04/ {quote}
leak.. lol.
what a nice lie

ok dump it.
  • #680,800
  • Sep 4, 2022 2:52pm Sep 4, 2022 2:52pm
Quoting ForexGoose
i don't know if this is a data error or not on pre-market {image}
xe ranges wildly sometimes as market open approaches it usually gets a lot closer to what the market closed at. 1.13 would be a crazy gap
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