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Cable Update (GBPUSD)

  • #717,261
  • Jan 2, 2023 7:10am Jan 2, 2023 7:10am
Quoting Waveskierrob
Good day for picking up 1 pip trades super scalping ......
Don't want to tell you "I told you so"...but
  • #717,262
  • Jan 2, 2023 7:14am Jan 2, 2023 7:14am
Quoting palpite
The market is crazy, the EUR is the strongest currency and the GBP is the weakest. {image}
Euro? Gbp lost its strength for sure.

Swiss Franc is most stable in this article -
https://fxssi.com/top-10-world-most-stable-currencies

Basically bigger gold reserve stronger the currency.
Gold is wealth.
  • #717,263
  • Jan 2, 2023 7:20am Jan 2, 2023 7:20am
Quoting genadi
{quote} Hm. You dont go to work today?
Due to New Years day beeing on Sunday, none working day rolled into today, Monday.
All this week many train strikes announced, majority will be working from home this week.

Happy New Year! Still having lots of snow? How is Christmas tree in Vilnius this year?
  • #717,264
  • Edited 7:38am Jan 2, 2023 7:23am | Edited 7:38am
Quoting Waveskierrob
{quote} Don't want to tell you "I told you so"...but
I can't trade one pip with such spread with 0 moves xD it's damn day...

Happy new year.
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  • #717,265
  • Jan 2, 2023 7:24am Jan 2, 2023 7:24am
Quoting Waveskierrob
{quote} Don't want to tell you "I told you so"...but
You are one of best trading customer.
If lucky you can catch spread as low as 1.5.
  • #717,266
  • Jan 2, 2023 7:32am Jan 2, 2023 7:32am
Quoting Jolita
{quote} Euro? Gbp lost its strength for sure. Swiss Franc is most stable in this article - https://fxssi.com/top-10-world-most-stable-currencies Basically bigger gold reserve stronger the currency. Gold is wealth.
Notice how it is not tied to US$ holdings!
  • #717,267
  • Jan 2, 2023 7:39am Jan 2, 2023 7:39am
Happy New Year. Hope everyone enjoyed bringing in 2023. Slooooowww day today lol. Stocks closed too. I feel so empty inside lol
  • #717,268
  • Jan 2, 2023 7:40am Jan 2, 2023 7:40am
Phew...

DXY under 103..

This Week will definitely move this pair around..

Patience.. I would advise to stay patient tommorow also, and then come back rested and prepared for Wednesday..
  • #717,269
  • Jan 2, 2023 7:54am Jan 2, 2023 7:54am
Quoting sharingan9
Happy New Year. Hope everyone enjoyed bringing in 2023. Slooooowww day today lol. Stocks closed too. I feel so empty inside lol
We're missing that rush..

Don't worry.. Fed and NFP will provide plenty of it this Week! Overcompensation!
  • #717,270
  • Jan 2, 2023 7:57am Jan 2, 2023 7:57am
Quoting dantpm
{quote} Notice how it is not tied to US$ holdings!
Swiss banking system is supreme, only the best are appointed.
I was reading their latest strategic goals controlling inflation. Simple the best, no wonder why the honey pots are safest with Swiss banks.
  • #717,271
  • Jan 2, 2023 8:30am Jan 2, 2023 8:30am
on h4 timeframe there's lateral movement. so far according my observations this'll be until end of the week. there're no sharp movements for falling or rising.
  • #717,272
  • Jan 2, 2023 8:41am Jan 2, 2023 8:41am
Quoting Jolita
{quote} Swiss banking system is supreme, only the best are appointed. I was reading their latest strategic goals controlling inflation. Simple the best, no wonder why the honey pots are safest with Swiss banks.
@dantpm

Read this-
https://www.bloomberg.com/news/artic...cade-of-buying

SNB Monetary Policy -
https://twitter.com/SNB_BNS?t=vgGbES...wt37zeZcA&s=09
  • #717,273
  • Jan 2, 2023 8:46am Jan 2, 2023 8:46am
...I think I (and others) picked a good day not to trade - this Uk (etc) Bank Holiday, although some traders' edges will have coped well? The 1hr/4hr range consolidation persists and tightens, with wider spreads than is typical - re my broker at least. Not good all in all, glad I sat it out. 2012-2099 is where most of the PA is in this range, with extremes of 1992 and 2125. Any upside breach out of the top though and price will find itself in the 4hr part of a prev 1hr/4hr sw hi zone that extends to 2148, = prev res = pot res, indeed this zone is coexistent with the top of the range.

1hr below
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Trader with an Edge.
  • #717,274
  • Jan 2, 2023 9:28am Jan 2, 2023 9:28am
Quoting Jolita
{quote} Swiss banking system is supreme, only the best are appointed. I was reading their latest strategic goals controlling inflation. Simple the best, no wonder why the honey pots are safest with Swiss banks.
What do you mean by controlling inflation ? For me who lives here (Switzerland), almost everything seems out of control
  • #717,275
  • Jan 2, 2023 9:49am Jan 2, 2023 9:49am
Whats is d spread? 0.4 or 4 ?
Broker saying it is 0.4
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!! Radha Radha !!
  • #717,276
  • Jan 2, 2023 9:49am Jan 2, 2023 9:49am
Quoting SilentFather
{quote} I can't trade one pip with such spread with 0 moves xD it's damn day... Happy new year. {image}
you can put tp tp spread + 1 pip. So you can net profit 1 pip.
How to succeed in zero sum game?
  • #717,277
  • Jan 2, 2023 10:04am Jan 2, 2023 10:04am
Quoting suhas316
Whats is d spread? 0.4 or 4 ? Broker saying it is 0.4 {image}
Confusing but isn't it clearly stated as $.04?
  • #717,278
  • Jan 2, 2023 10:09am Jan 2, 2023 10:09am
First blood this year. Not suggested to trade today at all. Dont be like me!
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How to succeed in zero sum game?
  • #717,279
  • Jan 2, 2023 10:22am Jan 2, 2023 10:22am
Quoting dantpm
{quote} Confusing but isn't it clearly stated as $.04?
but if you saw bid ask price then it is 4 pips .... right?
!! Radha Radha !!
  • #717,280
  • Jan 2, 2023 10:29am Jan 2, 2023 10:29am
USD/CHF.
H1.


thought-provoking.
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