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Cable Update (GBPUSD)

  • #717,821
  • Jan 4, 2023 9:22am Jan 4, 2023 9:22am
Quoting TheWolf
IF I HAD TO TRADE, AND I DON'T, I WOULD GO LONG USD, YET AGAIN! Let's see.. Is USD still the King or the King of garbage? Hahahahah LOOK AT THIS 15M Candle crap.. oh man.. it suggests you should Buy Pound ASAP before the train reached ultimate speed.. OR is it a trap? Hiihihi... So tempted to go Long on USD.. (USD/JPY).. but no!
If you were going to look only at the M15, then the bars likely will clutter you view. Isn't it clear here from the right part of the image that M15/M30/H1 all went down in a pullback, then M15/M30 went up for the continuation but stopped going up before H1could go up? In other words, a lower high was formed not only on this M15, but also on M30. So doesn't that tell you the most likely direction that will be continuing??
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To free Gazans of Hamas, use whatever it takes.
  • #717,822
  • Jan 4, 2023 9:22am Jan 4, 2023 9:22am
Quoting mysterio
{quote} chanced it dip, then pump highs then 1.19 in coming days guesswork please dont follow anything i say I haven't really found my feet this week {image}
I'd say if this trade fails ( stop at BE) we may be on our way to fill the dxy GAP before any rise can take place (104.604). So no re-entry.
  • #717,823
  • Jan 4, 2023 9:24am Jan 4, 2023 9:24am
This drop was just a promotion. We continue up.
  • #717,824
  • Jan 4, 2023 9:24am Jan 4, 2023 9:24am
Quoting JayBag
Who else thinks the news is already priced in? I mean it's just a few mins to hit
I think that news is never priced in. I see news as merely a convenient tool for the MMs to make some wild moves that the talking heads will simply blame on the news.
To free Gazans of Hamas, use whatever it takes.
  • #717,825
  • Jan 4, 2023 9:28am Jan 4, 2023 9:28am
Quoting JayBag
The Wolf's chart just made me realize something. A trading system is like a puzzle, and here, each of us has pieces of this very puzzle, but if we could just share ideas/tools, we could develop a fail-proof system. To break it down, I may have something to complete your system, and you may have what I need to complete mine. However, we have been led to believe that we cannot share tools. Crazy, but it's thought-provoking nonetheless.
well with a team, with a good team you will get to results usually faster. It works. You should try it. Best if its irl, your own hometown boiz.
How to succeed in zero sum game?
  • #717,826
  • Jan 4, 2023 9:28am Jan 4, 2023 9:28am
Quoting bigiivan
This drop was just a promotion. We continue up.
What could MM be selling?
  • #717,827
  • Jan 4, 2023 9:28am Jan 4, 2023 9:28am
Quoting BeeTogether
Data was bad yet cable going down
Because there is no correlation between good or bad news and subsequent price direction. There is typically a knee-jerk reaction that not only has no direction correlation with the news, but often spikes BOTH DIRECTIONS.
To free Gazans of Hamas, use whatever it takes.
  • #717,828
  • Jan 4, 2023 9:28am Jan 4, 2023 9:28am
Quoting mysterio
{quote} chanced it dip, then pump highs then 1.19 in coming days guesswork please dont follow anything i say I haven't really found my feet this week {image}
Me too..

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All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 18.2%
  • #717,829
  • Jan 4, 2023 9:29am Jan 4, 2023 9:29am
Alright woke up with my sells which were under water turned positive….. come on dxy fly higher
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Extreme gut feeling trader
  • #717,830
  • Jan 4, 2023 9:30am Jan 4, 2023 9:30am
Quoting DrDave
{quote}I think that news is never priced in. I see news as merely a convenient tool for the MMs to make some wild moves that the talking heads will simply blame on the news.
Right? I agree. Any excuse to override prices in whatever directions as they please.
Another reason why MM (Money Management) is our only hope
  • #717,831
  • Jan 4, 2023 9:31am Jan 4, 2023 9:31am
Anticipating FOMC to tap 1.21091 - 1.2135
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"Exchange of hands"
  • #717,832
  • Jan 4, 2023 9:32am Jan 4, 2023 9:32am
Quoting dempire1
{quote} well with a team, with a good team you will get to results usually faster. It works. You should try it. Best if its irl, your own hometown boiz.
True!

What if the missing piece of the puzzle is with a trader in Asia? I mean, my homeboys are probably here in Africa
  • #717,833
  • Jan 4, 2023 9:34am Jan 4, 2023 9:34am
Quoting montygoldy
Alright woke up with my sells which were under water turned positive….. come on dxy fly higher {image}
Respect for that gap caused me some big hits earlier today. Still it's still there!
No clue how to proceed without having that darned gap in mind.
  • #717,834
  • Jan 4, 2023 9:39am Jan 4, 2023 9:39am
Quoting JayBag
{quote} True! What if the missing piece of the puzzle is with a trader in Asia? I mean, my homeboys are probably here in Africa
its all about communication between all of you. If it works then you could even work eith people from anywhere. Setting tasks (backtesting systems) and archieving them with results and reasonable time will lead to success faster. Then putting working pieces together, again communicating it between all of you. Its best if you all start together from zero or you all have similar experience in trading I believe is the best. Not sure how it works if you are advanced and you take total rookie in. I mean its possible but you gotta spend months and months teaching basics first etc.
How to succeed in zero sum game?
  • #717,835
  • Jan 4, 2023 9:42am Jan 4, 2023 9:42am
Quoting BrainBucks
{quote} Respect for that gap caused me some big hits earlier today. Still it's still there! No clue how to proceed without having that darned gap in mind.
advice, forget the gaps

there are lots of gap on dxy....even at 92/93 or at 107,xx

Pointless to look at them, you'll wait weeks and months if you trade them, and you will lose money
COT: The precious data ignored
  • #717,836
  • Jan 4, 2023 9:43am Jan 4, 2023 9:43am
Until I see value being found above weekly pivot I maintain a bearish bias. Market did show bullish signs with a bounce up off monthly and weekly S levels but still cannot break above weekly pivot and yearly pivot. If it an break above pivot and find some value I will consider a long entry. However there is alot of resistance ahead.

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  • #717,837
  • Jan 4, 2023 9:50am Jan 4, 2023 9:50am
Quoting dempire1
{quote} its all about communication between all of you. If it works then you could even work eith people from anywhere. Setting tasks (backtesting systems) and archieving them with results and reasonable time will lead to success faster. Then putting working pieces together, again communicating it between all of you. Its best if you all start together from zero or you all have similar experience in trading I believe is the best. Not sure how it works if you are advanced and you take total rookie in. I mean its possible but you gotta spend months...
After reading your second reply, I fully get where you are coming from bro.
You are very correct. Point is to start a development team that further creates a BASE for others to land and advance the project. I already have a project at hand and may only get the time to set a team up sometime in JUNE/JULY.

Thanks for your advice. Your contribution is important.
Cheers bro
  • #717,838
  • Jan 4, 2023 9:52am Jan 4, 2023 9:52am
Quoting mysterio
{quote} chanced it dip, then pump highs then 1.19 in coming days guesswork please dont follow anything i say I haven't really found my feet this week {image}
mysterio, here is no guesstimation but pure science Min for wave C was made @1.2088 but I would like to see AB=CD be reached that cluster with 38.2% ret. of the entire drop @1.2109. I'm 30-60 pip guy so I swing on 5M chart back and forth.
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Always trade your own plan...I don't provide trading signals.
  • #717,839
  • Jan 4, 2023 9:57am Jan 4, 2023 9:57am
my opinion only

between now and the end of Q1

1.25
1.30
1.32

this level will be my most interest level to sell GU..

my views are base on the Quarters Theory and the current price of MLQP 1.20


it will not happen in a straight line
MY OPINION NOT FINANCIAL ADVISE
  • #717,840
  • Jan 4, 2023 10:06am Jan 4, 2023 10:06am
Quoting JayBag
{quote} After reading your second reply, I fully get where you are coming from bro. You are very correct. Point is to start a development team that further creates a BASE for others to land and advance the project. I already have a project at hand and may only get the time to set a team up sometime in JUNE/JULY. Thanks for your advice. Your contribution is important. Cheers bro
J/J abi
Oya nau jaguda dey game
Who wan carry last
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