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Cable Update (GBPUSD)

  • #694,261
  • Oct 11, 2022 12:22am Oct 11, 2022 12:22am
Quoting Pat Chiko
{quote} I agree with you on such situation not many trader are looking at Macro in trading compares to TA. It is in depth study and research in the ever changing world condition. As macro focuses on the performance of economies – changes in economic output, inflation, interest and foreign exchange rates, and the balance of payments, it is important to get reliable data from reliable source. Mostly are from subscription service like Bloomberg, Reuters et-cetra. It is safe for a trader not to bother with the hardly discuss macro-economics because...
The only thing in the markets that does not Lie is the PRICE, forget about the mumbo jumbo and learn how price reacts at Times during the Major Sessions. Know your candlestick Patterns backwards and forwards. Price moves in levels. There is a lot to learn and if you are a newbie you do not have the capital in most cases to be trading the daily charts. If you have questions what I am talking about, let me know!!
  • #694,262
  • Oct 11, 2022 12:23am Oct 11, 2022 12:23am
Quoting WizardTrade
{quote} I agree boss that's why I never touch the fundamentals
I agree, majority of the time the TA already give signals what are going to happen to the fundamentals.
since the Institution already has accessed to the Data before the release to be published on the release.
Well, my view is for scalping, not long term.
More time in the market, does not mean you trade better!
  • #694,263
  • Oct 11, 2022 12:23am Oct 11, 2022 12:23am
Cable support/resistance at 1.10350
  • #694,264
  • Oct 11, 2022 12:24am Oct 11, 2022 12:24am
Quoting vulcann1
{quote} The only thing in the markets that does not Lie is the PRICE, forget about the mumbo jumbo and learn how price reacts at Times during the Major Sessions. Know your candlestick Patterns backwards and forwards. Price moves in levels. There is a lot to learn and if you are a newbie you do not have the capital in most cases to be trading the daily charts. If you have questions what I am talking about, let me know!!

Thanks Vulcann for your comment.

As Newbie, I only have one question " What moved price ?"
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #694,265
  • Oct 11, 2022 12:27am Oct 11, 2022 12:27am
Hey everybody look at GU and GJ and tell me if the charts are relatively the same use the 15min
  • #694,266
  • Oct 11, 2022 12:27am Oct 11, 2022 12:27am
Quoting Moty
Took short uj {image}
i hope you are not wrong
Attached Image (click to enlarge)
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  • #694,267
  • Oct 11, 2022 12:30am Oct 11, 2022 12:30am
Quoting vulcann1
{quote} The only thing in the markets that does not Lie is the PRICE, forget about the mumbo jumbo and learn how price reacts at Times during the Major Sessions. Know your candlestick Patterns backwards and forwards. Price moves in levels. There is a lot to learn and if you are a newbie you do not have the capital in most cases to be trading the daily charts. If you have questions what I am talking about, let me know!!
Which way GU move on the London open and why...cheers in advance
  • #694,268
  • Oct 11, 2022 12:30am Oct 11, 2022 12:30am
Have you ever heard the term priced in? All markets are highly manipulated and they see all order totals and make there moves when traders are off balance, if you learn price action ,they can not hide their intentions! But you need to learn the tricks they pull and when. No quessing just high probability setups!
  • #694,269
  • Oct 11, 2022 12:33am Oct 11, 2022 12:33am
Quoting vulcann1
Have you ever heard the term priced in?
Yes
  • #694,270
  • Oct 11, 2022 12:34am Oct 11, 2022 12:34am
A wise trader once said: No intervention has ever been successful in the past, so why now?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (15).png Size: 49 KB
More time in the market, does not mean you trade better!
  • #694,271
  • Oct 11, 2022 12:36am Oct 11, 2022 12:36am
Quoting Moty
Exit short , switched to long Looks like false break {image}
Correct. It is buy area as scalp.
Yes scalp only.
Intraday only.
  • #694,272
  • Oct 11, 2022 12:38am Oct 11, 2022 12:38am
Quoting Fardeen1209
A wise trader once said: No intervention has ever been successful in the past, so why now? {image}
The father of that wise man said - his cannot rise forever
Attached Image (click to enlarge)
Click to Enlarge Name: US10Y_2022-10-11_11-07-47.png Size: 31 KB
  • #694,273
  • Oct 11, 2022 12:41am Oct 11, 2022 12:41am
Quoting PatienceFx
{quote} The father of that wise man said - his cannot rise forever {image}
I agree.
But why would BOJ intervene again any time soon?
The price is going as BOJ wanted- according to the fundamentals and slow movement
More time in the market, does not mean you trade better!
  • #694,274
  • Oct 11, 2022 12:42am Oct 11, 2022 12:42am
Quoting Waveskierrob
{quote} Which way GU move on the London open and why...cheers in advance
It is not Just the london open, Gu can be effected during Frankfurt but there is a 3hr window from the begining of Frankfurt that the volotility will pick up. I am Looking for the Highs or the lows of the session to get locked in for a massive move in short period of time! I will try and point this out in the Forum here! Sometimes their is no setup, it maybe on different pair or asset!!
  • #694,275
  • Oct 11, 2022 12:44am Oct 11, 2022 12:44am
added sell limit 146

my starting balance was 50K , till it is not touched i can play
Attached Image (click to enlarge)
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  • #694,276
  • Oct 11, 2022 12:44am Oct 11, 2022 12:44am
Quoting Moty
Took short uj {image}

Nice timing!
  • #694,277
  • Oct 11, 2022 12:45am Oct 11, 2022 12:45am
Quoting vulcann1
Have you ever heard the term priced in? All markets are highly manipulated and they see all order totals and make there moves when traders are off balance, if you learn price action ,they can not hide their intentions! But you need to learn the tricks they pull and when. No quessing just high probability setups!
Which tricks do they use?
  • #694,278
  • Edited 1:17am Oct 11, 2022 12:46am | Edited 1:17am
Quoting Indiara
{quote} Perhaps, but it hasn't been able to move beyond yesterdays range, so not much progress either way
that 75 pip move also involved an inside bar on the 4 hour, this was a potential 30 and 20 point profit, or even both breaks to be traded, that was easy money for an ib trader.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #694,279
  • Oct 11, 2022 12:48am Oct 11, 2022 12:48am
Quoting vulcann1
{quote} It is not Just the london open, Gu can be effected during Frankfurt but there is a 3hr window from the begining of Frankfurt that the volotility will pick up. I am Looking for the Highs or the lows of the session to get locked in for a massive move in short period of time! I will try and point this out in the Forum here! Sometimes their is no setup, it maybe on different pair or asset!!
Was just using London open as an example, so which way will GU move and why, thanks again
  • #694,280
  • Oct 11, 2022 12:50am Oct 11, 2022 12:50am
Quoting Waveskierrob
{quote} It's simple ...you are well over leveraged, just that nothing else...sorry for you loss
wave, what do you think is a realistic proportion of leverage, when i consider 0.01 lots to trade. $100, $200 or $1000?

thanks in advance.
trading is like dancing, don't think and just listen to the music!
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