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Cable Update (GBPUSD)

  • #720,961
  • Jan 15, 2023 5:44am Jan 15, 2023 5:44am
Quoting BrainBucks
How often does it ever happen that 100% of traders have taken a single position? But hey what do I know? I stay short too with the gang {image}
Strange..
This is from IG weekend GU market info -
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  • #720,962
  • Jan 15, 2023 6:51am Jan 15, 2023 6:51am
Quoting Teek
"3 major factors can organize the market for you, Direction/Dow/Divergence" See, that's the confusion I am talking about. None of this has anything to do with how markets work and why price does what it does. It's natural orderflow mechanics, plain simple. Yet nobody teaches that, you can't learn this on Youtube. How could I ever try to get this nonsense out of your heads...
Thats all it is.

Limit orders hit the books that favour the shorts, most liquidity is now above price so the only option to make any big money is to go long.
You can't sell when liquidity isn't there, but you can drop price even more to increase these short limit orders vastly - now you have some serious money sitting above price with little money below you.

Simple mechanics just created a lovely bullish trend.
Trading thin liquidity at the boundary of the charts
  • #720,963
  • Jan 15, 2023 7:19am Jan 15, 2023 7:19am
Quoting Georginson
Traders need to see this short video... {file}
the only movie i ever watch on showmax pver 5times
MY OPINION NOT FINANCIAL ADVISE
  • #720,964
  • Jan 15, 2023 7:32am Jan 15, 2023 7:32am
Quoting BrainBucks
How often does it ever happen that 100% of traders have taken a single position? But hey what do I know? I stay short too with the gang {image}
no please
do the opposite
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #720,965
  • Jan 15, 2023 7:37am Jan 15, 2023 7:37am
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  • #720,966
  • Edited 9:18am Jan 15, 2023 8:53am | Edited 9:18am
...looking closer in, 1Hr is either in a messy general uptrend or it is ranging but near top of it's range as of Friday close. In fact price encountered some mild supply in the hour or so leading up to the close with 3 x 5min attempts on that prev 1hr/4hr sw hi zone that leads to Friday's 2248 hi = prev res = pot res, the 3rd of which may have been just broker spread widening @ the close?

The top of the aforementioned prev 1hr/4hr sw hi zone and running coexistent with it, is a prev 1hr/4hr sw lo zone = prev supp = pot sbr that on 4hr extends to circa 2272. Above that there is a very minor prev 1hr sw lo zone that runs circa 2288-2309, = prev supp = pot sbr. Could be an inverse H&S (bullish) in the making on 1hr if right neckline exceeds the right one and we get a pullback from there, (ie a pullback from above fri hi.) At the same time we could already be seeing an H&S (bearish) as the right neckline is already lower than left and price is still below top of head (Friday hi.)

As others have mentioned, Monday is a U.s Bank Hol. So gonna see how the London forex open onwards is but may abandon if nothing doing as going on hols on Tuesday for 2weeks+.

1hr below. (Dly pivots shown are from Friday.)
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Trader with an Edge.
  • #720,967
  • Jan 15, 2023 9:38am Jan 15, 2023 9:38am
2248 likely to give up.

Look for 2300 or r1 for supply.
Intraday only.
  • #720,968
  • Jan 15, 2023 9:53am Jan 15, 2023 9:53am
Quoting Macd-rsi
{quote} no please do the opposite
Not trying to be funny but it dangerous to give advice on direction on these forums someone may take you up on it and you could be wrong, just saying ...
  • #720,969
  • Jan 15, 2023 10:07am Jan 15, 2023 10:07am
Quoting Waveskierrob
{quote} Not trying to be funny but it dangerous to give advice on direction on these forums someone may take you up on it and you could be wrong, just saying ...
yes
it is not an advice, but a it is a cry against SELL

and if 100% exposed people all are SELL .... Then we know the remaining . .
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #720,970
  • Jan 15, 2023 10:08am Jan 15, 2023 10:08am
Quoting Waveskierrob
{quote} Thanks....so when will this big move happen, tomorrow, next week or next month or later in the year and by how much
you are joking right?????
  • #720,971
  • Jan 15, 2023 10:11am Jan 15, 2023 10:11am
Quoting Macd-rsi
{quote} yes it is not an advice, but a it is a cry against SELL and if 100% exposed people all are SELL .... Then we know the remaining . .
Don't believe every thing you read there's no way that 100% of traders are SHORT with IG
  • #720,972
  • Jan 15, 2023 10:14am Jan 15, 2023 10:14am
Quoting ninner
{quote} you are joking right?????
Not at all, you made a statement, I'm just asking you to justify it ......so when do you think and by how much?
  • #720,973
  • Jan 15, 2023 10:14am Jan 15, 2023 10:14am
Quoting FulMargnAlch
I learned how to learn online by using multiple accounts. First, I ask a question using one account, then I give a wrong answer using another account. "Experts" will then correct my answer and I will get the correct information. Ego is more important than helping others.
sometimes egos are our enemies ..

but to learn, burn any book, practice first all red news for 2 years at least . .
in this way you understand market, sense price action .. .etc . .

be careful about your ego!!
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #720,974
  • Edited 10:35am Jan 15, 2023 10:17am | Edited 10:35am
Quoting Waveskierrob
{image}
ok ... power loss the match in the semi-finals

in final: assume there is a contest b/w patience and luck ... who will win?
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #720,975
  • Jan 15, 2023 10:18am Jan 15, 2023 10:18am
Quoting Waveskierrob
{quote} Not at all, you made a statement, I'm just asking you to justify it ......so when do you think and by how much?
This is why you cant make money boy!!!
  • #720,976
  • Jan 15, 2023 10:20am Jan 15, 2023 10:20am
Quoting Macd-rsi
{quote} sometimes egos are our enemies .. but to learn, burn any book, practice first all red news for 2 years at least . . in this way you understand market, sense price action .. .etc . . be careful about your ego!!
I don’t understand what has ego anything to do with skill? Honestly? An athlete does well because he/she doesn’t have ego? What? They all have ego. Thats why they are on top lol… ego is misunderstood concept and is thrown like rubbish by youtube wannabe gurus

please stop

books: you will learn more trading from books than youtube. I can put my head on stake for that lol. Ofc you cant read any book there is but you have to look at the writer background
How to succeed in zero sum game?
  • #720,977
  • Jan 15, 2023 10:22am Jan 15, 2023 10:22am
Quoting ninner
{quote} This is why you cant make money boy!!!
OK thanks, proved my point and yes I can't make money...
  • #720,978
  • Jan 15, 2023 10:22am Jan 15, 2023 10:22am
Quoting ninner
{quote} This is why you cant make money boy!!!
plz send signals i want candy
How to succeed in zero sum game?
  • #720,979
  • Jan 15, 2023 10:26am Jan 15, 2023 10:26am
Quoting Macd-rsi
{quote} ok ... power loss the match in the semi-finals in final: assume there is a contest b/w patience and luck ... who will win?
Good question, I like it ...again would have to say patience.......the reason patience is long term and luck just for the moment, if you think different please debate...
  • #720,980
  • Jan 15, 2023 10:30am Jan 15, 2023 10:30am
Quoting Waveskierrob
{quote} OK thanks, proved my point and yes I can't make money...
Rob your mom is calling you!
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