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Cable Update (GBPUSD)

  • #729,861
  • Feb 17, 2023 4:48am Feb 17, 2023 4:48am
Quoting DrDave
{quote} GBP/USD going up, USD/JPY going down. Add GBPJPY to your analysis: If it is going down, then sell USDJPY; if going up, buy GBPUSD.
GBPJPY = USDJPY * GBPUSD

i.e. you don't directly trade GBP against the Yen The GBPJPY price is dictated by GBP against the USD, and USD against the Yen.

GBPJPY will go up:
1. if both USDJPY and GBPUSD are rising (and vice versa for falling GPPJPY)
2. USDJPY is rising faster than weakness in the GBPUSD
3. GBPUSD is rising faster than weakness in the USDJPY

Math is beautiful...
  • #729,862
  • Feb 17, 2023 4:52am Feb 17, 2023 4:52am
Quoting davelansing
{quote} Jeezus, there is no "conspiracy"... the EURUSD is dropping because, right now, traders deem that the USD is stronger than the Euro, on the other hand, the GBPUSD is going up, right now, because traders feel that the GBP is stronger than the USD. For the USDJPY, whether the USDJPY is dropping or climbing depends upon how traders deem the strength of the USD against the Yen.
Actually there is. But i won't tell you how, since it only will waste my energy getting into such discussions.
The rules have changed.
You have an IQ lower than 90 if you interact with this user.
  • #729,863
  • Feb 17, 2023 4:53am Feb 17, 2023 4:53am
Quoting Ferna
{quote} Actually there is. But i won't tell you how, since it only will waste my energy getting into such discussions. The rules have changed.
lol.. grand conspiracies are always the best...
  • #729,864
  • Feb 17, 2023 4:53am Feb 17, 2023 4:53am
...slight breach of top of 1hr falling wedge pattern and into a prev 30min sw hi zone above which that prev 4hr/dly sw lo zone that starts @ 1960 = pot sbr. (I detailed it in a prev post.)

1hr below
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Trader with an Edge.
  • #729,865
  • Feb 17, 2023 4:54am Feb 17, 2023 4:54am
Another SHORT just because it's friday 1.1947 no sl no tp
  • #729,866
  • Feb 17, 2023 4:54am Feb 17, 2023 4:54am
Quoting DmShka
{quote} Hello friend, in my opinion it's useless, it's just showing that you are good in that day, without explanation in real time, it's cannot help, especially for who at the beginning of this learning curve.
Just wanted to add to this topic a bit. I was struggling to be profitable in Gold usd pair and than started studying MrJocker's trades in Aussie thread from beginning. I saw he is very good at Gold and he is posting from time to time his trade statement which proves that he is truly successful and which also gave me assurance that I won't waste my time and maybe I could improve my success rate in Gold pair as well. I was reading every post how he started and slowly get better also trying to understand what is his mindset behind and in the end I improved myself. This is how I learn and try to improve myself but I also understand that we all are different and what for someone else works, it won't for others.
Anyway, I'm board waiting for PAT to reply, it takes too long. I'm starting to lose interest what he is writing.
  • #729,867
  • Feb 17, 2023 4:54am Feb 17, 2023 4:54am
Gbpusd tp changed to 1.18600 and then short at tp
Usdjpy short tp 1.34400
  • #729,868
  • Feb 17, 2023 4:55am Feb 17, 2023 4:55am
Gbpusd tp 1.19600, sorry my mistake
  • #729,869
  • Feb 17, 2023 4:56am Feb 17, 2023 4:56am
update
close to R line

if we stay in S line, we can go higher above R line
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Trendlines H1,H4, SMC
  • #729,870
  • Feb 17, 2023 4:57am Feb 17, 2023 4:57am
Quoting Waveskierrob
Another SHORT just because it's friday 1.1947 no sl no tp
Dont you see what is happening? They are inviting you and its not for a drink.
  • #729,871
  • Feb 17, 2023 4:59am Feb 17, 2023 4:59am
Quoting Whale
{quote} could you share some levels david?
I typicaly am not concerned about levels because I am looking at how smaller TFs build a larger TF. Therefore for me, it is where in the TFs the retracements are occurring that is important. I do get concerned about extreme levels for the day, so that, for example, when making new lows during the day, when the rallies begin to emerge, and I am checking for a sell continuation entry, I want to see how much room there is between that latest low and where my TP would be. I do not count on this down continuation breaking to a new low.

However, I do tend to look at the 50% level of any swing as an important area.
To free Gazans of Hamas, use whatever it takes.
  • #729,872
  • Feb 17, 2023 5:00am Feb 17, 2023 5:00am
Quoting Tronis
{quote} Yes, I was calling you out. Don't get me wrong, I am not interested in your trade size, profit in $, demo or live account but if someone wants to add value to this thread and speaks with such a passion about it than in my personal opinion, he/she has to show the full picture on the chart with all the trade history. That would be the great value for the traders who wants to learn otherwise is just same as posting trades in hindsight and nobody knows if someone is overall consistent or not. I think new traders have to learn from the consistent...
Long time ago one user noticed oddities in time, price and transaction IDs. And yes, there is multiple accs involved. After all MT4 is a toy, where with dedicated software one can edit everything (s-)he wants

I'm surprised why the crowd of newly registered users (defenders) is delayed this time
Air force
  • #729,873
  • Feb 17, 2023 5:02am Feb 17, 2023 5:02am
Quoting davelansing
{quote} Trading is always a "guess" (a.k.a., probability).. best not to think in absolutes...
But if you have followed this thread for any length of time, then you have seen for yourself that there are plenty of entries made with no consideration at all of probablities, hence, blatant guesses with Hope&Pray.
To free Gazans of Hamas, use whatever it takes.
  • #729,874
  • Feb 17, 2023 5:02am Feb 17, 2023 5:02am
...1st upside fib cluster is a 3 fib cluster 1994-2001.
Trader with an Edge.
  • #729,875
  • Feb 17, 2023 5:02am Feb 17, 2023 5:02am
Quoting Whale
{quote} Dont you see what is happening? They are inviting you and its not for a drink.
Cheers...
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  • #729,876
  • Feb 17, 2023 5:04am Feb 17, 2023 5:04am
Quoting Robinhood1
{quote} I will eventually explain you how
Thanks. I be looking for that secret.
To free Gazans of Hamas, use whatever it takes.
  • #729,877
  • Feb 17, 2023 5:04am Feb 17, 2023 5:04am
Quoting DrDave
{quote} But if you have followed this thread for any length of time, then you have seen for yourself that there are plenty of entries made with no consideration at all of probablities, hence, blatant guesses with Hope&Pray.
Absolutely, and re davelansing's point... Probability is not guessing, it is playing an edge. No guessing is involved. When I enter a trade based on one of my repeating hi-probability set-ups I have no idea which way it will go, so no point in guessing. All I know is that over a very large multi-year sample, the set-up has produced a successful/winning outcome on x % of occasions. I do not know whether that particular trade will be one of them.
Trader with an Edge.
  • #729,878
  • Feb 17, 2023 5:05am Feb 17, 2023 5:05am
The " Going " is generally good.

Not posting here as the new city Singapore is exciting and spending quality time here
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Intraday only.
  • #729,879
  • Feb 17, 2023 5:06am Feb 17, 2023 5:06am
Quoting davelansing
{quote} lol.. grand conspiracies are always the best...
Ok let me give you a hint since you liked my post(ironically or unironically..): change of rate system.
You have an IQ lower than 90 if you interact with this user.
  • #729,880
  • Feb 17, 2023 5:10am Feb 17, 2023 5:10am
Quoting davelansing
{quote} GBPJPY = USDJPY * GBPUSD i.e. you don't directly trade GBP against the Yen The GBPJPY price is dictated by GBP against the USD, and USD against the Yen. GBPJPY will go up: 1. if both USDJPY and GBPUSD are rising (and vice versa for falling GPPJPY) 2. USDJPY is rising faster than weakness in the GBPUSD 3. GBPUSD is rising faster than weakness in the USDJPY Math is beautiful...
you don't directly trade GBP against the Yen
And that is exactly why it is the direction gauge for deciding to trade either GBPUSD or USDJPY.
To free Gazans of Hamas, use whatever it takes.
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