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Cable Update (GBPUSD)

  • #743,681
  • May 2, 2023 5:56am May 2, 2023 5:56am
Quoting Pat Chiko
{quote} Still learning from others on how to make a good trade entry. Most of the time I copy others trades, especially Moty's Hammer/Rocket Strategy. Still a newbie in trading. Hope you can help to guide me and other newbie here. Thank You
i'm sell in Gold now
  • #743,682
  • May 2, 2023 5:59am May 2, 2023 5:59am
Quoting Bones
There's no gap in a 24H market, and there are crappy feeds
There's actually a gap on TV chart but on DXY which caused the gaps to appear on some brokers charts
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  • #743,683
  • May 2, 2023 6:00am May 2, 2023 6:00am
Quoting Fardeen1209
{quote} This one i agree with you, cause the Algo on a rate day, CPI data, NFP, those algo decode the statement faster and react faster, and all react in the same way is usually the reason we get the extended price moment. - But when it is a normal day, each companies' algo, ig will trade against each other, and each one of them must comes out with a pure trading profit and net profit after covering operating cost over a number of trades/ period. But do you really think that those wall street guys will go all in for algos for their trading activities,...
It is my understanding that the broker's execution algos used pricing supplied by the market trading algo to consolidate orders. There would be a potential for fairly significant price discrepancies if they were pricing their own orders. This is similar to how trading control is passed from one major exchange to another and not controlled by multiple exchanges at one time. There is nothing that prevents one broker from trading against another broker in their own account. I thought they were much more interested in settling trades as profitably as possible from the open orders in their own brokerages.
  • #743,684
  • May 2, 2023 6:02am May 2, 2023 6:02am
Attached Image (click to enlarge)
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yes yes yes
  • #743,685
  • May 2, 2023 6:03am May 2, 2023 6:03am
Quoting AlfieSolomon
{quote} There's actually a gap on TV chart but on DXY which caused the gaps to appear on some brokers charts {image}
USDX also has a very clear gap on the 1 hr chart at eightcap.
  • #743,686
  • May 2, 2023 6:12am May 2, 2023 6:12am
Quoting ScalaFX
{quote} taken all, switched to long 2460 SL tight under last H1
closed 20 pips
People don't plan to lose. They lose because they don't plan.
  • #743,687
  • May 2, 2023 6:20am May 2, 2023 6:20am
Quoting AlfieSolomon
{quote} There's actually a gap on TV chart but on DXY which caused the gaps to appear on some brokers charts {image}
that chart is based on a 24H market,gap in feed.
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #743,688
  • May 2, 2023 6:22am May 2, 2023 6:22am
I shorted out GJ. You can see the blue line resistance above, so if you cross it, it's SL.

Attached Image (click to enlarge)
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  • #743,689
  • May 2, 2023 6:23am May 2, 2023 6:23am
Short GU 2483 SL 2500
People don't plan to lose. They lose because they don't plan.
  • #743,690
  • May 2, 2023 6:43am May 2, 2023 6:43am
US Jolts news could be quite volatile. hope to square out my long before then.
  • #743,691
  • May 2, 2023 6:52am May 2, 2023 6:52am
Quoting voeltoez
prepare for long. BB H1 reject it. feelings will be break high long 1.246, sl 1.245 tp open {image}
Mate, is that from a phone or a tablet?

Cheers.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #743,692
  • May 2, 2023 6:53am May 2, 2023 6:53am
I'm not recommending anything but in case of a spike up, watch out for this gap on the 1hr before heading south.
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Lost....
  • #743,693
  • May 2, 2023 7:01am May 2, 2023 7:01am
Quoting gespiri
I'm not recommending anything but in case of a spike up, watch out for this gap on the 1hr before heading south. {image}
It's most likely gap was from your broker. Most times true ECN accounts don't have gaps except maybe during weekends.
  • #743,694
  • May 2, 2023 7:01am May 2, 2023 7:01am
Quoting TooSlow
{quote} Mate, is that from a phone or a tablet? Cheers.
phone my bro
  • #743,695
  • May 2, 2023 7:04am May 2, 2023 7:04am
Quoting voeltoez
prepare for long. BB H1 reject it. feelings will be break high long 1.246, sl 1.245 tp open {image}
really tired day
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  • #743,696
  • May 2, 2023 7:04am May 2, 2023 7:04am
Quoting damsak
Yeah GBP as expected yesterday just broken zones and gone down Now the market in a short term scalp buy zone {image} https://youtu.be/91ACf7JZuDY
20 Hours ago and now. market just gone exactly as to the expected zone. And as well while the market downtrend happening, all the pullbacks just reverse in exact reverse zones too
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  • #743,697
  • May 2, 2023 7:18am May 2, 2023 7:18am
Put this setup together after the BPR, SIBI, BISI chat this am. Still looks interesting, ties together with another liquidity sweep but it appears that Pat seems to think we might go even lower.
Right now it appears to be flattening out.
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  • #743,698
  • May 2, 2023 7:19am May 2, 2023 7:19am
tight trading range for GU= small amount of pips on table.

Depending on risk to reward ratio, it might be better to stay sidelines.
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  • #743,699
  • May 2, 2023 7:25am May 2, 2023 7:25am
Quoting gespiri
I'm not recommending anything but in case of a spike up, watch out for this gap on the 1hr before heading south. {image}
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  • #743,700
  • May 2, 2023 7:25am May 2, 2023 7:25am
Quoting dantpm
Put this setup together after the BPR, SIBI, BISI chat this am. Still looks interesting, ties together with another liquidity sweep but it appears that Pat seems to think we might go even lower. Right now it appears to be flattening out. {image}
Below 1.2530 is pointing at 1.2410 - 1.2387 area before bulls may turn in with aggression.
Data + Stat + Risk/Emotions Management
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