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Cable Update (GBPUSD)

  • #724,281
  • Jan 29, 2023 5:49am Jan 29, 2023 5:49am
Quoting Elknit
{quote} Well, quite simply, the market isn't open.
Weekend GU is open to trade on IG.
  • #724,282
  • Jan 29, 2023 5:51am Jan 29, 2023 5:51am
Quoting SnailFX
{quote} GRAND SCALE (since you mentioned sick shit) I no longer think that people who possess everything are actually people. Normal (real) people don't think of wars, rather how to improve the life for both themselves and others around them without doing anything that's wrong in the process. This is why we have wars, hunger and other bad things constantly going on. I am not that stupid to buy the story that something can't be done because of a, b or c. Now, the USA. Unfortunately for America, and the world consequentually, John F. Kennedy was the...
The world has been shit for a long time. What matter is being able to rise above it.

With knowledge of how to trade, we can make money in a sustainable manner and be financially free.

The thing to do is not to delve into discussions about what is right or wrong, but rather, how we can be profitable.
  • #724,283
  • Jan 29, 2023 5:56am Jan 29, 2023 5:56am
Quoting Jolita
{quote} Weekend GU is open to trade on IG.
Then one has gotta feel sorry for those who indeed trade IG rates over the weekend. The discrepancy is just too wide. So much so that it lends more credence to the "casino" version of IG rates.
What's worse is stating that 100% of traders are taking a particular position just makes it all ridiculous.
Compare and contrast...
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  • #724,284
  • Jan 29, 2023 5:58am Jan 29, 2023 5:58am
Quoting Jolita
{quote} Weekend GU is open to trade on IG.
I know..and so..?

It's just for really bored (and likely not-profitable) people to gamble on the weekends..

Banks are closed, institutions are resting...only the fools are out there touching this artifical pair...
  • #724,285
  • Jan 29, 2023 6:08am Jan 29, 2023 6:08am
Quoting DrDave
{quote}What is typically done is to transform the nonstationary data to stationary. The dataset is usually small enough that it behaves as though it is normally distributed. So then you can apply the usual statistical measures for data that is normally distributed and stationary.
Okay, this is understood now sir.
Thanks again.
  • #724,286
  • Jan 29, 2023 6:12am Jan 29, 2023 6:12am
Quoting Elknit
{quote} I know..and so..? It's just for really bored (and likely not-profitable) people to gamble on the weekends.. Banks are closed, institutions are resting...only the fools are out there touching this artifical pair...
I find it useful and did managed to gain profits in past.
There is nothing negative about it. Think.
  • #724,287
  • Jan 29, 2023 6:15am Jan 29, 2023 6:15am
Quoting BrainBucks
{quote} Then one has gotta feel sorry for those who indeed trade IG rates over the weekend. The discrepancy is just too wide. So much so that it lends more credence to the "casino" version of IG rates. What's worse is stating that 100% of traders are taking a particular position just makes it all ridiculous. Compare and contrast... {image} {image}
You could hedge your position and close at b/e.
  • #724,288
  • Jan 29, 2023 6:23am Jan 29, 2023 6:23am
Quoting DrDave
{quote}What is typically done is to transform the nonstationary data to stationary. The dataset is usually small enough that it behaves as though it is normally distributed. So then you can apply the usual statistical measures for data that is normally distributed and stationary.
I have read it up. The transforming is done via differencing (first or second order).
I guess it will yield the same result as what my VAP does.
Kindly check your H2 - H4 time frame sir. Do you have a bullish trend building up around 1.23426 - 1.23261 region?
  • #724,289
  • Jan 29, 2023 6:28am Jan 29, 2023 6:28am
Quoting Jolita
{quote} I find it useful and did managed to gain profits in past. There is nothing negative about it. Think.
The weekend Cable created by IG, is well, created by IG and artificial. It bears no relation to the real world Cable price.

Perhaps you managed to gain profits in the past by analyzing it and then performing the plan onto the real Cable. However, that is just by luck, ie. confirmation bias.
  • #724,290
  • Jan 29, 2023 6:30am Jan 29, 2023 6:30am
Quoting Elknit
{quote} I know..and so..? It's just for really bored (and likely not-profitable) people to gamble on the weekends.. Banks are closed, institutions are resting...only the fools are out there touching this artifical pair...
I know a great trader who developed a weekend trading strategy that takes advantage of weekend gaps.
He used to be here on forexfactory with the moniker 'the realthing"
His real name is Joel Rensik if I remember.
  • #724,291
  • Jan 29, 2023 6:31am Jan 29, 2023 6:31am
Quoting pipcenturion
{quote} I know a great trader who developed a weekend trading strategy that takes advantage of weekend gaps. He used to be here on forexfactory with the moniker 'the realthing" His real name is Joel Rensik if I remember.
Yes, but he was looking at weekend gaps of the real Cable, not the one IG created...
  • #724,292
  • Jan 29, 2023 6:43am Jan 29, 2023 6:43am
Quoting Elknit
{quote} The world has been shit for a long time. What matter is being able to rise above it. With knowledge of how to trade, we can make money in a sustainable manner and be financially free. The thing to do is not to delve into discussions about what is right or wrong, but rather, how we can be profitable.
I believe that to trade effectively you have to know what is happening globally.
If you follow the 'smart money' concept of trading the press is getting funded by big businesses trying to manipulate the news and markets to create profitable trading patterns for themselves. Our challenge is to figure out what to incorporate and what to ignore to complement the other trading strategies.
  • #724,293
  • Jan 29, 2023 7:07am Jan 29, 2023 7:07am
Quoting Elknit
{quote} The world has been shit for a long time. What matter is being able to rise above it. With knowledge of how to trade, we can make money in a sustainable manner and be financially free. The thing to do is not to delve into discussions about what is right or wrong, but rather, how we can be profitable.
Well, it does matter that world is shit and we also know the cause of it.

Trading wise it's debatable, but fair enough!
  • #724,294
  • Jan 29, 2023 7:51am Jan 29, 2023 7:51am
Quoting SnailFX
{quote} Well, it does matter that world is shit and we also know the cause of it. Trading wise it's debatable, but fair enough!
To me, knowing the cause of it will not change things. Hence, how would it benefit me?

I am only concerned about:
1. Can I make money to live life on my own terms?
2. Can I help my family make money to live comfortably?

We are here on a forex trading forum. Focus on what makes us money and filter out the rest.
  • #724,295
  • Jan 29, 2023 8:27am Jan 29, 2023 8:27am
Quoting Jolita;1Interbank4304606
{quote} Hi Miti, IG closed Friday,22.00 at 12402.3. Currently weekend GU - {image}
Interbankfx closed 2351
POSTMASTER
  • #724,296
  • Jan 29, 2023 8:27am Jan 29, 2023 8:27am
Quoting Elknit
{quote} To me, knowing the cause of it will not change things. Hence, how would it benefit me? I am only concerned about: 1. Can I make money to live life on my own terms? 2. Can I help my family make money to live comfortably? We are here on a forex trading forum. Focus on what makes us money and filter out the rest.
The problem is "what about me".
As said, fair enough! Let's talk about trading.
  • #724,297
  • Jan 29, 2023 8:28am Jan 29, 2023 8:28am
I'll proably go long tomorrow or heading to thursday.

Give me 5 million reasons i am wrong.
You have an IQ lower than 90 if you interact with this user.
  • #724,298
  • Jan 29, 2023 8:32am Jan 29, 2023 8:32am
Quoting Macd-rsi
{quote} most of us that man! [b]{quote} golden expression me too
https://www.varchev.com/en/andre-car...ime-traveller/
POSTMASTER
  • #724,299
  • Jan 29, 2023 8:33am Jan 29, 2023 8:33am
Quoting Robinhood1
{quote} Interbankfx closed 2351
According to [source pls]??
  • #724,300
  • Jan 29, 2023 8:45am Jan 29, 2023 8:45am
Why i am short , to put it simply structure break assuming i have marked it up correctly

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