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Cable Update (GBPUSD)

  • #726,821
  • Edited 9:12am Feb 7, 2023 8:15am | Edited 9:12am
Quoting Robinhood1
{quote} Like anything else in life, depends on whether you are capable predicting a certain subject at your job or interest. Accurate prediction will be based on science or mathematics. Other predictions will be based on experience. Can you please predict 2 +2 for me? If you cannot, you will believe it is not possible extending it to any other person. This can also be due to ignorance. You are probably refering to guessing. A failed prediction would fall into this category
Robinhood1, I'm not guessing. I follow science... The Law of the charts (The Dow Theory) + Fibonacci sequence (not much different than Tesla's 3 6 9- in my opinion)
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Always trade your own plan...I don't provide trading signals.
  • #726,822
  • Edited 9:15am Feb 7, 2023 8:15am | Edited 9:15am
Quoting Coreg2004
{quote} W0lfram, not fair, not fair at all, buddy. Why didn't you give us a warning that you are a highly accomplished programmer, so we wouldn't make a$$es of ourselves arguing with you? Yes, I finally google "W0lfram Mathematica" and got you "unmasked" Great career and unreal modesty. I salute you.
I just didn't have the imagination to come up with a username (I hope that no one gonna sue me for using it.)
Stephen Wolfram's works just inspired me a lot once, so...
Air force
  • #726,823
  • Feb 7, 2023 8:18am Feb 7, 2023 8:18am
Getting restless and bored waiting ?

Trader get restless and wanting to get into the trading bus now.

And the market cannot remain stagnant for an extended period of time, as market players need to make money, leading to a constant movement in the market, either upward or downward.
The magnitude of this movement depends on the time frame being considered.

The reason traders follow the trend is due to a phenomenon known as "herd behavior."
People tend to follow what others are doing.
Trading is not about predicting future events, but rather, it's about probabilities.
Since the market is made up of people, following the trend gives traders a higher chance of profiting.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #726,824
  • Feb 7, 2023 8:20am Feb 7, 2023 8:20am
Quoting Pat Chiko
{quote} I share your anticipation and am fascinated by the discussions among elite traders regarding the future of GU. Can you provide any predictions or probabilities for the next few hours? If there is a strong signal, I would consider following it. Thanks PAT
up, strong down, rebounce then fall, then sideays, then strong up then sideways and confusion.
You have an IQ lower than 90 if you interact with this user.
  • #726,825
  • Feb 7, 2023 8:22am Feb 7, 2023 8:22am
Quoting W0lfram
{quote} I just didn't have the imagination to come up with a username Steven Wolfram's works just inspired me a lot once, so...
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in wondering about yourself, you forgot what you came here to be part of
  • #726,826
  • Feb 7, 2023 8:27am Feb 7, 2023 8:27am
Quoting MrFanciful
Aaaaannnnnnddddd I just surpassed £9000 of losses in 18 months.
There is an old saying.... when youre digging yourself a hole, the first step is to stop digging....
  • #726,827
  • Feb 7, 2023 8:31am Feb 7, 2023 8:31am
Quoting Ferna
{quote} up, strong down, rebounce then fall, then sideays, then strong up then sideways and confusion.

Lol..........

This guy fulfilled his dream.
Now is our turn to fulfill our dream.....
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Always go after your dreams
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #726,828
  • Feb 7, 2023 8:31am Feb 7, 2023 8:31am
Quoting Ferna
{quote} going both long and short at the same time.
This isn't a hedge.

If you are long 1 unit and short 1 unit then you don't have a net position. You only pay extra spread to do this.

Why do people think this is somehow a hedge??
  • #726,829
  • Feb 7, 2023 8:38am Feb 7, 2023 8:38am
Quoting Ferna
{quote} going both long and short at the same time.
I believe it's called locking, not hedging
Air force
  • #726,830
  • Feb 7, 2023 8:39am Feb 7, 2023 8:39am
Quoting Pat Chiko
{quote} I share your anticipation and am fascinated by the discussions among elite traders regarding the future of GU. Can you provide any predictions or probabilities for the next few hours? If there is a strong signal, I would consider following it. Thanks PAT
I am not expecting much movement for the time left. Intraday I am holding some short positions from this London morning but will close and stay clear of the news. Mid term long position has been cancelled out last week.

I don't have any other if>then scenarios than ichimoku signals in combination with RSI. The timeframes M5 - D1 determine R/R.
In addition, ichimoku is not a leading but lagging indicator which means one often finds onself into trades very late.

Fundamentals indicate Dollar strength and Pound weakness and Powell might seek to give a hawkish demonstration today. On D1 the way down is open to 1.164 (fib 38) and 1.140 (fib 50).

All the best! christian
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  • #726,831
  • Feb 7, 2023 8:40am Feb 7, 2023 8:40am
The bulls run is coming
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yes yes yes
  • #726,832
  • Feb 7, 2023 8:41am Feb 7, 2023 8:41am
Quoting MrFanciful
Aaaaannnnnnddddd I just surpassed £9000 of losses in 18 months.
Sorry about your loss sir.

I can send you signals to your instant messaging app everyday if you feel they will be beneficial to you.
  • #726,833
  • Feb 7, 2023 8:47am Feb 7, 2023 8:47am
Quoting Pat Chiko
{quote} I share your anticipation and am fascinated by the discussions among elite traders regarding the future of GU. Can you provide any predictions or probabilities for the next few hours? If there is a strong signal, I would consider following it. Thanks PAT
one more word:
as per your profile you are a professional trader (unlike me), so you hopefully exclusively follow your own reasoning.
  • #726,834
  • Feb 7, 2023 8:49am Feb 7, 2023 8:49am
UJ

Waiting for UJ to pump it up.
Waiting for Jay and he should sound more hawkish today
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I come from the future.
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  • #726,835
  • Feb 7, 2023 8:51am Feb 7, 2023 8:51am
Quoting Yngwie
Sold 1.2035 SL 1.2075 TP 1.1945
Bears just want to go 1.1945 first
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #726,836
  • Feb 7, 2023 8:52am Feb 7, 2023 8:52am
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yes yes yes
  • #726,837
  • Feb 7, 2023 8:52am Feb 7, 2023 8:52am
I'm probably wrong but GU looks exhausted but it's like that guy in the pub who, no matter how much he's drunk, he can always have that one extra shot.
  • #726,838
  • Feb 7, 2023 8:55am Feb 7, 2023 8:55am
Quoting 2046
{quote} one more word: as per your profile you are a professional trader (unlike me), so you hopefully exclusively follow your own reasoning.
Thank you for your valuable input, Sir.

Everyone has their unique approach to analyzing the price and determining its potential movements.
For me, the fundamental tools in trading are Support and Resistance levels.

Support and Resistance are the building blocks of the financial markets.
Refuting the significance of S/R levels is equivalent to denying the impact of trading psychology in the markets.

Best Wishes.
PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #726,839
  • Feb 7, 2023 8:57am Feb 7, 2023 8:57am
Quoting Coreg2004
{quote} W0lfram, not fair, not fair at all, buddy. Why didn't you give us a warning that you are a highly accomplished programmer, so we wouldn't make a$$es of ourselves arguing with you? Yes, I finally google "W0lfram Mathematica" and got you "unmasked" Great career and unreal modesty. I salute you.
W0lfram and Dr. Dave are two very intelligent people.

Over the weekend they helped me so greatly.

They are good at what they do.

We are privileged to have them in our midst.
  • #726,840
  • Feb 7, 2023 9:01am Feb 7, 2023 9:01am
Quoting Moty
{image}
GU

Copy you.........
(scalping only)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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