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Cable Update (GBPUSD)

  • #692,661
  • Oct 6, 2022 8:33am Oct 6, 2022 8:33am
Quoting tonyb123
{image}{image}
10 to 1 have a special meaning? or is it just naming the levels of round numbers?
There is nothing wrong with being kind & loving to each other
  • #692,662
  • Oct 6, 2022 8:34am Oct 6, 2022 8:34am
1.121 Reacted. Enough is enough.. For today..more than great!
Will be back later with Daily chart to see what we can expect tommorow!
  • #692,663
  • Oct 6, 2022 8:35am Oct 6, 2022 8:35am
come on mister aussie
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yes yes yes
  • #692,664
  • Oct 6, 2022 8:35am Oct 6, 2022 8:35am
Quoting Georginson
Bought 1.1226... target 1.1326... second buy limit at 1.1156
Manually closed at 1.1240. +14 pips... Reason 15 minutes take off too weak... Will buy again from 1.1170 if it gets there.
Data + Stat + Risk/Emotions Management
  • #692,665
  • Oct 6, 2022 8:38am Oct 6, 2022 8:38am
Equities and yen pairs should rally.
  • #692,666
  • Oct 6, 2022 8:40am Oct 6, 2022 8:40am
...that prev 30min sw lo zone (now a prev 30min sw hi zone there too) provided the sbr for another leg down to a new current dly lo - to a previously disrespected then respected as rbs 1hr/4hr sw hi zone = pot rbs zone, and a 38.2% fib on 4hr ....Nice 15min exp tri there - potentially. Bullish regular div to 1hr, and of course that 4hr bullish hidden div there too.

1hr then 4hr below
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Trader with an Edge.
  • #692,667
  • Oct 6, 2022 8:40am Oct 6, 2022 8:40am
Quoting fxpider
{quote} The reasons of my thinking are, the market has been working on the lows, and now the price is at today's low, testing yesterday's low, and last week's high. And today none of the highs got tested or hunted yet. so shorting at the current price could be a trap by the SM. IMO So if the SM intention is to take the price down, they will ramp it up above the 50 levels, towards the London high before taking it down to this week's low. IMO
Great observation FXpider...

You mentioned SM (smart money), which I believe they are MM (Market Maker).
When a market maker starts to move the prices down or up, it leads the prices down, then other market makers lower their prices too, in other words, some market maker will be the leader, and then the rest follows.
That's why you will see the difference in feeds widen sometimes, and then corrects itself.

Since the market maker is the buyer and the seller for all orders, he can't actually make money out of himself, he must get the money that some traders are willing to lose on their stop orders. And they let the price to the liwuidity pool where SL resides.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #692,668
  • Oct 6, 2022 8:44am Oct 6, 2022 8:44am
Quoting RaHaG0D
{quote} 10 to 1 have a special meaning? or is it just naming the levels of round numbers?
Yes, they have a special meaning.
MY GRID. Markets are NOT random.
  • #692,669
  • Oct 6, 2022 8:45am Oct 6, 2022 8:45am
...that potential 15min exp tri also extends to 30min. [See files on my profile;e for an attachment to a post containing details of these expanding triangles.] Target for a pt 5 entry is a fib ext of move 4-5. I dropped down to 1min regular bullish div play for the entry as 3min didn't have a set-up re the 15min exp tri, and am now out @ the 1st ppa (potential problem area) - the prev 1hr/4hr sw lo zone = pot sbr, but that's what the target is if holding.

30min below
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Trader with an Edge.
  • #692,670
  • Oct 6, 2022 8:46am Oct 6, 2022 8:46am
well done navk
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Intraday only.
  • #692,671
  • Oct 6, 2022 8:47am Oct 6, 2022 8:47am
Quoting Pat Chiko
{quote} Great observation FXpider... You mentioned SM (smart money), which I believe they are MM (Market Maker). When a market maker starts to move the prices down or up, it leads the prices down, then other market makers lower their prices too, in other words, some market maker will be the leader, and then the rest follows. That's why you will see the difference in feeds widen sometimes, and then corrects itself. Since the market maker is the buyer and the seller for all orders, he can't actually make money out of himself, he must get the money...
Thank you for the crystal clear explanation. I really appreciate it.
Success = Practice + Patience + Persistence
  • #692,672
  • Edited 9:26am Oct 6, 2022 8:50am | Edited 9:26am
Quoting Headland
... 50% of the total 0327-1495 move up is 0911. Just saying! {quote} Who is this Pat guy? Is he that Patmartski type? ie the one that Wavegarrick thinks is WaveskierRob and possibly even Martinez1 as well, lol! Apparently their/his evil plan for world (well, forum thread at least) domination will all become apparent soon. I can't keep up with the conspiracy theories. I always think if you are thinking ' outside the box, ' you should always have the box in view! Sorry for any spelling mistakes, just in case the spelling police are monitoring.
Ehup Man,
Whatever tickles your pickle. I will leave you with just one thought. Talking about somebody behind their back is not only cowardice, but also foolish and speaks volumes about you as a person.
Good luck to you.
Trade to trade another day
  • #692,673
  • Oct 6, 2022 8:52am Oct 6, 2022 8:52am
Quoting tenkanzen
Equities and yen pairs should rally.
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Fast in, fast out. 6 minutes, $231. Anyone says no?
  • #692,674
  • Oct 6, 2022 8:53am Oct 6, 2022 8:53am
Quoting Wavegarrick
{quote} Ehup Man, Whatever tickles your pickle. I will leave you with you with just one thought. Talking about somebody behind their back is not only cowardice, but also foolish and speaks volumes about you as a person. Good luck to you.
It wasn't behind anyone's back, it was in full view of everyone to see on an open forum...I hope the post does speak volumes about me, as yours does about you and the tiresome baseless paranoia you visit upon this thread.
Trader with an Edge.
  • #692,675
  • Oct 6, 2022 8:59am Oct 6, 2022 8:59am
Quoting tonyb123
{quote} Yes, they have a special meaning.
Can you explain? Of course, if there is no problem
There is nothing wrong with being kind & loving to each other
  • #692,676
  • Oct 6, 2022 9:03am Oct 6, 2022 9:03am
Quoting Headland
{quote} It wasn't behind anyone's back, it was in full view of everyone to see on an open forum...I hope the post does speak volumes about me, as yours does about you and the tiresome baseless paranoia you visit upon this thread.
I am not paranoid, you are mate. If talking about me without my presence does not mean talking behind my back?. You are cornered now and lashing out. Concentrate on your trading rather.
Cheers.
Trade to trade another day
  • #692,677
  • Oct 6, 2022 9:04am Oct 6, 2022 9:04am
Quoting fxpider
{quote} Thank you for the crystal clear explanation. I really appreciate it.
Thanks to you too for your great participation in this thread, where I want to learn to trade consistently in green.
After all, this is what the thread is all about, discussing, exchanging ideas and learning with full knowledgeable traders around the world.

Sometimes, we tell story and shares food (only photos...)

Best Wishes
PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #692,678
  • Oct 6, 2022 9:04am Oct 6, 2022 9:04am
Quoting RaHaG0D
{quote} Can you explain? Of course, if there is no problem
I won't on this thread.

You can go here :
https://www.forexfactory.com/thread/...grid-my-system

And here for an in depth explanation of the number sequence and relationship:
https://www.forexfactory.com/thread/...rading-journal?
MY GRID. Markets are NOT random.
  • #692,679
  • Oct 6, 2022 9:04am Oct 6, 2022 9:04am
Quoting Headland
{quote} It wasn't behind anyone's back, it was in full view of everyone to see on an open forum...I hope the post does speak volumes about me, as yours does about you and the tiresome baseless paranoia you visit upon this thread.
Yea it was on an open forum, can't argue with them facts , "you with you with"...
  • #692,680
  • Oct 6, 2022 9:10am Oct 6, 2022 9:10am
Quoting Georginson
Bought 1.1226... target 1.1326... second buy limit at 1.1156
I’m similar but went in at 11250 as I was in a meeting at the time. It’s nosedived a bit since but a pull back to over 11250 cannot be ruled out before we see further drops. 11320 will be a good area for more shorts imo
Insane in the Brain..
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