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Cable Update (GBPUSD)

  • #684,741
  • Sep 16, 2022 12:48pm Sep 16, 2022 12:48pm
Quoting Coreg2004
{quote} {image}
Paul Merson???
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Insane in the Brain..
  • #684,742
  • Sep 16, 2022 12:52pm Sep 16, 2022 12:52pm
Quoting WizardTrade
{quote} I am the only one odd man out
I don't know about that.

I am pretty odd!
Tall tails tell tales.
  • #684,743
  • Sep 16, 2022 12:59pm Sep 16, 2022 12:59pm
DXy really need to revisit 107
some sort of imbalance there before going up again

125 is my crash level
MY OPINION NOT FINANCIAL ADVISE
  • #684,744
  • Sep 16, 2022 1:29pm Sep 16, 2022 1:29pm
Quoting KareemAliFx
{quote} No no no I totally agree with you. Even I myself will be in the red my duty as a trader is to identify a bearish currency and sell it against a bullish currency or vice versa. This is what establishes a trend. Those who have patience and understand the market is driven by fear and greed can reap the rewards. Master your mind, master your emotions this is the key trading psychology is absolutely EVERYTHING
I disagree on some of these points. What establishes a trend is the market's perception of value. The market is driven not by fear or greed. That is just a fairy tale. Value drives the markets. I feel people get emotional because they trade without considering where the market is currently valuing prices. GU for example had a value at lower prices which s why short term buyers got killed
  • #684,745
  • Sep 16, 2022 2:12pm Sep 16, 2022 2:12pm
Quoting Robinhood1
{quote} I believe eurnzd will top around 1.6980
I finally found that charts you were mentioning. You were right, I can clearly see double bottoms on these charts and the rest of the patterns. MT4 platform fucking sucks and doesn't show the real price in critical moments. These damn wicks don't even exist on those charts and probably shouldn't exist. Damn, even triple tops can be seen clear as day.. only a few pips of difference between the tops and not fucking 10, 15 or 45 like there are on MT4. I wonder if there is anything similar I can get to use instead if MT4. I would only use MT4 for orders of course..

Heck, even a monkey could trade using those charts as bottoms and tops can be seen as clearly as it can get and only few pips difference. So all those wicks are pure bullshit in Forex. That is that shitty psychology. They run the price 50 pips over the high so even if it gets to the REAL high you are so confused because you think high has been eliminated, but in reality they were just screwing you to think price is going up. Of course it will take you some time before you realize what just happened and by the time you realize price is down 50 pips already..

So all those tops should actually be shorted in real life, because they are tops. Put SL 2700 pips away and that's it.

Also, the news are the best way for you to lose the money.

There are many fake bottoms and tops on MT4 as I understand now. That's why it's so fucking hard to find out what the real top or bottom is. This game is rigged to the bone, and as a Wolf it is my duty to eat the banks alive.
  • #684,746
  • Sep 16, 2022 2:29pm Sep 16, 2022 2:29pm
Quoting sharingan9
{quote} I disagree on some of these points. What establishes a trend is the market's perception of value. The market is driven not by fear or greed. That is just a fairy tale. Value drives the markets. I feel people get emotional because they trade without considering where the market is currently valuing prices. GU for example had a value at lower prices which s why short term buyers got killed
The only thing that drives the markets is the economic view and that is simple as that. When I said I look for a bearish pair against a bullish this analysis is not from the chart. There are many things that drive a currency’s price, the key thing being monetary policy. I like to make sure I’m following the central banks footsteps and see how they tackle inflation. USD is soaring simply because the economy is in the middle of an expansion, the feds are raising rates faster then any other central bank and this is all very attractive to foreign investors. These are the things that drive the price. Greed and fear is a market psychological Barrier in which you have to fight. When you have your analysis and enter trades you must learn to suppress your emotions and have complete control over greed and fear. You yourself are the enemy when it comes to trading. If you are in a winning positions and keep holding then you may end up paying the price. I’ve seen it all the time here people keep holding on to underwater longs and refuse to let go when they are buying into a down trend. So you misunderstood me I was talking about the psychological barrier that us traders have to deal with but in terms of what drives the markets value that is a whole different subject
Master your mind. Master Trading.
  • #684,747
  • Sep 16, 2022 3:02pm Sep 16, 2022 3:02pm
Quoting TheWolf
{quote} I finally found that charts you were mentioning. You were right, I can clearly see double bottoms on these charts and the rest of the patterns. MT4 platform fucking sucks and doesn't show the real price in critical moments..
The 1 pip renko chart is great for pattern trading, it shows raw PA very clearly once you have studied the big picture.. This afternoon there was some beautiful PA that was almost totally obscured by the candlesticks. Very clear S&R levels being developed and a textbook head and shoulder pattern followed by a double bottom.
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  • #684,748
  • Sep 16, 2022 3:05pm Sep 16, 2022 3:05pm
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yes yes yes
  • #684,749
  • Sep 16, 2022 3:32pm Sep 16, 2022 3:32pm
CAN THIS REALLY HAPPEN
GBP/USD: Charts point to a test of the all-time low at 1.0520 –
average dude treading water
  • #684,750
  • Sep 16, 2022 4:10pm Sep 16, 2022 4:10pm
Quoting Pat Chiko
{quote} You can SEE the price movement..... As a Novice Trader, I see the market and most part it, prices are like a drunken sailor, wandering down the street without any knowledge of where he is going, or where he has been. Mathematicians would say there is no correlation between past price activity and future trends. About that, they would be wrong: there is some correlation. Although that drunken sailor does swagger, stagger, and seemingly move in a random fashion, there is method to his madness. He is trying to go someplace, and we can usually...
Although that drunken sailor does swagger, stagger, and seemingly move in a random fashion, there is method to his madness.
price action involves a large degree of randomness, it is far from a totally random game
Indeed!!! Here you will find a research paper that found financial time series comprise a combination of deterministic and random elements.
To free Gazans of Hamas, use whatever it takes.
  • #684,751
  • Sep 16, 2022 4:47pm Sep 16, 2022 4:47pm
Quoting KareemAliFx
{quote} I say this and then I will go enjoy my weekend…… YOUR TE IS FAKE FXBOOK CAN BE EASILY MANIPULATED FOOL WHOEVER YOU WANT BUT NOT ME ANYWAY I GO ENJOY MY WEEKEND NOW !
KareemAliFx, yes, you are correct. Here is a well-known video that explains the details.
Inserted Video
Always trade your own plan...I don't provide trading signals.
  • #684,752
  • Sep 16, 2022 5:09pm Sep 16, 2022 5:09pm
Quoting Coreg2004
{quote} KareemAliFx, yes, you are correct. Here is a well-known video that explains the details. https://www.youtube.com/watch?v=w-UWX5PgVRM
Thank you for backing me up! Many are gullible and FXBOOK is full of manipulated trading explorers it is easy to fool people so beware
Master your mind. Master Trading.
  • #684,753
  • Sep 16, 2022 5:13pm Sep 16, 2022 5:13pm
Quoting Coreg2004
{quote} KareemAliFx, yes, you are correct. Here is a well-known video that explains the details. https://www.youtube.com/watch?v=w-UWX5PgVRM
No, that is not correct. All the manipulation that they describe in that video is useful ONLY for fraudulent people that take SCREENSHOTS of the fake data and post the screenshots. The ACTUAL data on the MYFXBOOK site servers is UNTOUCHED! So, anyone that uses the link to the account will NEVER see the manipulated data in the screenshots, because that fake data exists ONLY on the computer of the person that is changing the data for his screenshots.
To free Gazans of Hamas, use whatever it takes.
  • #684,754
  • Sep 16, 2022 5:19pm Sep 16, 2022 5:19pm
Quoting DrDave
{quote} No, that is not correct. All the manipulation that they describe in that video is useful ONLY for fraudulent people that take SCREENSHOTS of the fake data and post the screenshots. The ACTUAL data on the MYFXBOOK site servers is UNTOUCHED! So, anyone that uses the link to the account will NEVER see the manipulated data in the screenshots, because that fake data exists ONLY on the computer of the person that is changing the data for his screenshots.
This is true but don’t forget you can link any broker even ones that are fake which is how people manipulate their trade explorers
Master your mind. Master Trading.
  • #684,755
  • Sep 16, 2022 6:10pm Sep 16, 2022 6:10pm
Quoting Fake'Dr'Dave
{quote} No, that is not correct. All the manipulation that they describe in that video is useful ONLY for fraudulent people that take SCREENSHOTS of the fake data and post the screenshots. The ACTUAL data on the MYFXBOOK site servers is UNTOUCHED! So, anyone that uses the link to the account will NEVER see the manipulated data in the screenshots, because that fake data exists ONLY on the computer of the person that is changing the data for his screenshots.

_______________________________________________________
The markets are speaking to you. Do you know their language? I M T {nonsense!}


hey DrDick

Of course you know everything. You are very good at using photoshop editing to cheat and commit fraud.

One of your photoshop-editing masterpiece is to flip images you see in other member TE like this example below.

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The photoshop edited images are in your own computer only. The original data remains in FF Trade Explorer servers.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #684,756
  • Edited 7:29pm Sep 16, 2022 7:18pm | Edited 7:29pm
Quoting charlienoble
{quote} Keep in mind that you can be in the worse situation in the world and NOT be a victim. Being a victim exists in the mind. Drop that and it won't ever matter what somebody says to you.
This shows the strong mind one must have to deal in public forums.

Having said that, The very idea of coming to forex factory is for learning something and have fun time when needed.

Not to get insulted by fellow traders.

So, I genuinely want to support the one who gets insulted.
Intraday only.
  • #684,757
  • Sep 16, 2022 7:22pm Sep 16, 2022 7:22pm
Quoting emmanuel7788
{quote} hey DrDick Of course you know everything. You are very good at using photoshop editing to cheat and commit fraud. One of your photoshop-editing masterpiece is to flip images you see in other member TE like this example below. {image} The photoshop edited images are in your own computer only. The original data remains in FF Trade Explorer servers.
Haha nice catch made him look even more dumb ! Love it!
Master your mind. Master Trading.
  • #684,758
  • Sep 16, 2022 8:00pm Sep 16, 2022 8:00pm
Quoting KareemAliFx
{quote} The only thing that drives the markets is the economic view and that is simple as that. When I said I look for a bearish pair against a bullish this analysis is not from the chart. There are many things that drive a currency’s price, the key thing being monetary policy. I like to make sure I’m following the central banks footsteps and see how they tackle inflation. USD is soaring simply because the economy is in the middle of an expansion, the feds are raising rates faster then any other central bank and this is all very attractive to foreign...
Value drives the markets period full stop. It is not economic events that affects value per se, it is the market's interpretation of economic events. The only reason traders are even trying to interpret rate hikes, expansions and other economic events is because they are trying to form a perception of value so they know which direction they should trade. Traders want to form a perception of value so that they know which direction to trade so this drives them to find information like rate hikes and other news events and market develops to help them shape their perception of value.

The market moves because the perception of value changes.

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  • #684,759
  • Sep 16, 2022 8:35pm Sep 16, 2022 8:35pm
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  • #684,760
  • Sep 16, 2022 8:58pm Sep 16, 2022 8:58pm
Quoting sharingan9
{image}
WOW if this is how you view gbp paired against usd then this is beyond cringe so cringe I had to bleach my eyes out after reading your post. I’m going to bed Jesus this post was ridiculous oh my god
Master your mind. Master Trading.
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