Cable Update (GBPUSD)

Nothing 'till Wednesday people! However, on Wednesday we're starting to trade for real! No nonsense anymore.. time has come.
GL in this new year everyone! Time has come to start using that knowledge!

Considering predictions, I can't predict anything, can't see anything. For example, GBP/USD is at the level from where the price can go to 1.30 as easily as it can go to 1.10. I'll leave the predictions aside for this year. They brought nothing but the missed trades in 2022.

I'll test the living crap out of the system this year..

I thought there would be a little more backlash here,
Lowering is hard for that amount.
Spread remains unchanged.

What's The full meaning of "GL"...?

Happy new year peeps
To anyone staring on charts hoping someone drops a nugget today, it aint gonna happen.
With no institutional trading going on the charts only tell you one thing: go away!

"There is a time to go long, a time to go short, and a time to go fishing"
~ Jesse Livermore

Average Hourly Earnings m/m from 0.6% to 0.4% ha? That is interesting, but I don't care anymore..

Can I make 5 Demo Accounts on OANDA?

One would be for Hourly TF, one for H4... one for Monthly..

Hi ToSatisfy,

Yes you are correct. I (hope at least) never said it cannot happen. It can be seen here for example. (Price went 120 pips up but sentiment said short.. we would need to entry on that high after that big move up)
I even said when explaining sentiment to others, that trend will need to change at some point in the future. However we have some highs and lows. Price moves as it should right now. When sentiment would work exactly as you thought by my message, trend would never change and we would move down and down. This is not how it works, we all know it. Thing is we will trade against sentiment as long as it works. When we have change in price and also sentiment, we can trade other side again. When price is moving up and touches high, we will sell. We have more probability to win the trade than to expect breakout and buy on high. That's why I never buy on high & sell on low. Never do that. Sentiment is good on H4 & H1 chart. On lower timeframe we can only find the entry.

We entry sell on exact high + we can even trade the sell when price do a false breakout above. Why? Because stoploss will be much smaller this way of trading. Let's say you catched start of new sentiment. We would already have at least 10-20 trades in profit. But then as you said, sentiment will still say "go short" but you sell and get a stoploss. You will have one losing trade. But still in profit.

Hope you understand now. Maybe this is very confusing to others since I can catch top & bottom on the chart on any timeframe. I have system for it. So that's why it seems very easy to me but not for others. I'm very sorry for that. Sadly most people never understood my system properly at all that's why I stopped explaining it after trying to explain it. :I

SF

I'll leave the predictions aside for this year. They brought nothing but the missed trades in 2022.

I totally agree. Happy New Year to all Traders

Test the waters

Long 1.2049 SL 1.2030

update
S broken = now R

Are commodities trading today?, looking at gold its flat

Happy New Year Guys, I wish everyone a hugely successful trading Year 2023...

As for me, I will be trading and reacting to price actions without directional bias until some good distance occurs in the course of the year...

Boring day.today
I will be back tomorrow!!!

Hm. You dont go to work today?

Good day for picking up 1 pip trades super scalping ......

looks like a get rich quick trading system

it would be nice to fill the wedge

Back to trading next week , in the UK, when markets should all be in full swing?

Meanwhile: What's the media like in your country?

I like his commentary on the media reporters attempts to to belittle anything to do with efforts to improve wages for many people. They seem to read up on a subject then use their few briefly assembled crib notes to attack someone who has spent a lifetime trying to improve things for working people. No it's not a socialism versus a capitalist orientated media rant but an expert versus a"crib note" media

EURJPY SHORT