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Cable Update (GBPUSD)

  • #728,121
  • Feb 10, 2023 10:15am Feb 10, 2023 10:15am
Quoting BigNumbers
This GBPNZD trade gave me a wider understanding... OMG! I got Goosebumps... These guys are so smart! They will drift your attention away from the main cause and show you the noise On this trade, I was intentionally focusing on the main cause and not the noise Something has changed!
how the hell are you analyzing so many pairs..
  • #728,122
  • Feb 10, 2023 10:16am Feb 10, 2023 10:16am
hopefully today's gbpusd short will be the final leg down to 1800-1750 to retest the previous daily higher low after the daily break out/structure break
Follow The Markets Structure - Patience and Discipline
  • #728,123
  • Feb 10, 2023 10:16am Feb 10, 2023 10:16am
Quoting BigNumbers
This GBPNZD trade gave me a wider understanding... OMG! I got Goosebumps... These guys are so smart! They will drift your attention away from the main cause and show you the noise On this trade, I was intentionally focusing on the main cause and not the noise Something has changed!
Some of the world's greatest minds work for the banks, after all.
  • #728,124
  • Feb 10, 2023 10:16am Feb 10, 2023 10:16am
Quoting Whale
{quote} happy weekend. 256 pips is more than brilliant
+256 is my country code
Face 'ur fears & tame 'ur greed
  • #728,125
  • Feb 10, 2023 10:18am Feb 10, 2023 10:18am
Quoting JereMi256
{quote} +256 is my country code
  • #728,126
  • Feb 10, 2023 10:22am Feb 10, 2023 10:22am
Quoting Whale
{quote} how the hell are you analyzing so many pairs..
By grouping them
GBPUSD
EURUSD
NZDUSD
AUDUSD
XAUUSD
BTCUSD

The movement in this group have similarity...

GBBJPY
EURJPY
USDJPY
NZDJPY
CADJPY
AUDJPY
CHFJPY
Also similarity and so on by grouping!
My telegram: https://t.me/avidforex
  • #728,127
  • Feb 10, 2023 10:23am Feb 10, 2023 10:23am
Quoting Mitiblotch
EURCAD just 30pips shy of a 200-pip move down today. I don't know why we sometimes pay too much attention to GU and EU when the crosses can do some bloody good moves. EURCAD retraced to a broken level and took a good beating down from there. Text book case.
could be a nice pair to trade if it goes into reversing zone for a swing up. Buying area from 1.4220. I will keep an eye on it.
POSTMASTER
  • #728,128
  • Feb 10, 2023 10:26am Feb 10, 2023 10:26am
Quoting pipcenturion
{quote} Very excellent trade sir. My TP is a few pips lower though. You are really good at what you do sir.
Bot trying to contain Pound from falling
POSTMASTER
  • #728,129
  • Feb 10, 2023 10:31am Feb 10, 2023 10:31am
Quoting Robinhood1
{quote} could be a nice pair to trade if it goes into reversing zone for a swing up. Buying area from 1.4220. I will keep an eye on it.
I'll watch it too. The majors like playing with emotions. It holds up all day and when people get tired it sinks.
  • #728,130
  • Feb 10, 2023 10:33am Feb 10, 2023 10:33am
Quoting Whale
{quote} how the hell are you analyzing so many pairs..
He's a robot
How to succeed in zero sum game?
  • #728,131
  • Feb 10, 2023 10:34am Feb 10, 2023 10:34am
Quoting raklian
{quote} Some of the world's greatest minds work for the banks, after all.
Why do you think its banks? Where is this kind of information from?
How to succeed in zero sum game?
  • #728,132
  • Feb 10, 2023 10:35am Feb 10, 2023 10:35am
Quoting dempire1
{quote} He's a robot
yap.. impressive.

anyway i hate cross pairs, from my first day as a trader, and i dont even look at them.
  • #728,133
  • Feb 10, 2023 10:36am Feb 10, 2023 10:36am
Now go and give Pat his 1.219
  • #728,134
  • Feb 10, 2023 10:37am Feb 10, 2023 10:37am
Quoting Whale
Imo… {image}
not a bad trade.
I will take my 42 pips profit for now.
  • #728,135
  • Feb 10, 2023 10:38am Feb 10, 2023 10:38am
Quoting dantpm
Now go and give Pat his 1.219
not sure he is still holding
  • #728,136
  • Feb 10, 2023 10:43am Feb 10, 2023 10:43am
IMHO, i do not think we are dealing with a bot in the traditional sense, yes there must be some kind of algorithm at work otherwise why would all the data centres across the world be kept extremely secretive from the public and how would the markets be able to function without some kind of algo accumulating and distributing orders.

I think the bot or algorithm is a liquidity driven one , this makes more sense to me so it is not necessarily after our stops, think of animals, humans,, plants we all need food to survive, same as the algorithm needs liquidity that is its food.
Follow The Markets Structure - Patience and Discipline
  • #728,137
  • Feb 10, 2023 10:44am Feb 10, 2023 10:44am
Quoting Whale
{quote} not sure he is still holding
It wouldn't be the first time he exited a trade that achieved his projected price target.
  • #728,138
  • Feb 10, 2023 10:45am Feb 10, 2023 10:45am
Quoting Whale
{quote} yap.. impressive. anyway i hate cross pairs, from my first day as a trader, and i dont even look at them.
I traded only EU for 2.5 years until I realized that I could risk same amount and almost double my gains with GU. Been with GU now for over a year and added Gold. Gold I added last year in September I believe and really like it. Don't want to take in more because I'm lazy and I'd like to keep it that way
How to succeed in zero sum game?
  • #728,139
  • Feb 10, 2023 10:49am Feb 10, 2023 10:49am
I hab shorted. The moon cycle supports my decision.
You have an IQ lower than 90 if you interact with this user.
  • #728,140
  • Feb 10, 2023 10:49am Feb 10, 2023 10:49am
Quoting pipfarm
IMHO, i do not think we are dealing with a bot in the traditional sense, yes there must be some kind of algorithm at work otherwise why would all the data centres across the world be kept extremely secretive from the public and how would the markets be able to function without some kind of algo accumulating and distributing orders. I think the bot or algorithm is a liquidity driven one , this makes more sense to me so it is not necessarily after our stops, think of animals, humans,, plants we all need food to survive, same as the algorithm needs...
I believe you are close. As I understand there are about 6 supercomputers running AI algorithms that control forex. They hand off to one another and are redundant in other ways as well. Their agenda is to settle forex trades profitably. It is all about searching for open orders.
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