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Cable Update (GBPUSD)

  • #746,901
  • May 23, 2023 3:46am May 23, 2023 3:46am
Swimming in the torrent, not even come near BE
MC is night
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #746,902
  • May 23, 2023 3:46am May 23, 2023 3:46am
Quoting genadi
{quote} Yes, this life is so beautiful. You can spend your hard money on a girl, or you can spend to pay the government's debts (not your country government). You always have a choice.
A famous British footballer from way back when (George Best) said he spent 80% of his money/fortune on drink and girls, and '..I wasted the rest...' Lol. (He died of alcoholism, in his 50's!)
Trader with an Edge.
  • #746,903
  • May 23, 2023 3:51am May 23, 2023 3:51am
Quoting Headland
{quote} A famous British footballer from way back when (George Best) said he spent 80% of his money/fortune on drink and girls, and '..I wasted the rest...' Lol. (He died of alcoholism, in his 50's!)
Bloody Hell Headland, why don't you post something useful instead of silly posts, like maybe illogical analysis, like what you think/feel/expect/predict to happen to price!!! (Thought I'd get in first just incase the Frivolous Posts police are watching!)
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Trader with an Edge.
  • #746,904
  • May 23, 2023 3:54am May 23, 2023 3:54am
Quoting Headland
{quote} Bloody Hell Headland, why don't you post something useful instead of silly posts, like maybe illogical analysis, like what you think/feel/expect/predict to happen to price!!! (Thought I'd get in first just incase the Frivolous Posts police are watching!)
Nah we need more of these since the Lady is barely moving.
Exhausted
  • #746,905
  • May 23, 2023 3:57am May 23, 2023 3:57am
Hi, guys, what should I do when I encounter this kind of market?
The price fell below the previous low and the trend is still down. But H1 is about to collect a rising K-line pattern.
Long or short?
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Just follow the trend.
  • #746,906
  • May 23, 2023 3:57am May 23, 2023 3:57am
Quoting OperaniyiFx
{quote} got stopped out at 15pips sl waiting to go long again shortly.
I’m long again.
  • #746,907
  • May 23, 2023 3:58am May 23, 2023 3:58am
Quoting Pat Chiko
{quote} GU 2nd Partial TP H1 impulse moves. Pullback to SRF. Save this for next trips.{image}

GU

Downbeat UK Manufacturing and Services PMI data.
Services PMI in the UK comes in at 55.1 in May, misses expectations.
Now testing monthly lows near 1.2385

If she take out BSZ, it will filled up LQ temporary before resume.
Next target Feb high....

Footnote : Recent data showing better-than-feared credit conditions in the US and easing cost pressures have resulted in a rally in the broad Dollar.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #746,908
  • May 23, 2023 3:59am May 23, 2023 3:59am
Quoting lucaswalliam
Hi, guys, what should I do when I encounter this kind of market? The price fell below the previous low and the trend is still down. But H1 is about to collect a rising K-line pattern. Long or short? {image}
Knowing me. I would go long or wait for a entry for short at the higher areas (sell side liquidity)
Exhausted
  • #746,909
  • May 23, 2023 3:59am May 23, 2023 3:59am
I posted this chart last week. So why didn't I buy 2386?
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  • #746,910
  • May 23, 2023 4:02am May 23, 2023 4:02am
Long, TP 1.243 area, maybe asian high if the momentum is strong.
Exhausted
  • #746,911
  • May 23, 2023 4:03am May 23, 2023 4:03am
Quoting TrAndy1
I do not know I am just alone with that opinion. But my nose or gut is telling me that some big guys already knew that PMI data for GBP will come worse than expected and started selling right off from the start a 8 o'clock at UK time and caught some 40 to 50 pips here and made a billion risk free profit with their unfair advantage. Anybody else had that thoughts also in mind ? Because right now after the news came out half an hour ago, the market just reversed. Maybe 1.25 will be reached today I do not know. But this would be part of bit revenge...
Trading has never been a fair sport. Let nobody deceive you; figures and data get into the hands of those that matter earlier than when they are published. Nobody will leave a market worth trillions of $$ to run on autopilot and 100% emotions. Never! If they controlled the whole world for something as phony as Covid, then be sure that trillions of $$ is even more important. End of story.
  • #746,912
  • May 23, 2023 4:04am May 23, 2023 4:04am
Quoting Mitiblotch
I posted this chart last week. So why didn't I buy 2386? {image}

Because that was a last week chart and human tends to forget things unless extremely important.
Exhausted
  • #746,913
  • May 23, 2023 4:04am May 23, 2023 4:04am
Quoting Elysion
{quote} Knowing me. I would go long or wait for a entry for short at the higher areas (sell side liquidity)
Yes, 1.2444 is the point I want.
It's just that I'm often influenced by K-line patterns. H1's K-line pattern is very unfriendly to the short side.
Just follow the trend.
  • #746,914
  • May 23, 2023 4:06am May 23, 2023 4:06am
Quoting alienguy123
{quote} agree, it is tough game especially need to compete with so many peoples, and key is need very patient

trading will test and build ur patience, get it right or go broke will be ur choice
MY OPINION NOT FINANCIAL ADVISE
  • #746,915
  • May 23, 2023 4:07am May 23, 2023 4:07am
Quoting Mitiblotch
I posted this chart last week. So why didn't I buy 2386? {image}
like i said before, it was not our good fortune
and by the way, price still not finished under
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #746,916
  • May 23, 2023 4:08am May 23, 2023 4:08am
Quoting Headland
{quote} Bloody Hell Headland, why don't you post something useful instead of silly posts, like maybe illogical analysis, like what you think/feel/expect/predict to happen to price!!! (Thought I'd get in first just incase the Frivolous Posts police are watching!) {image}
Unless someone who really understand your charts, it will definetly bring value.
Not many will gain from it, as it looks plain and "stupid"....
BTW, what other are expecting is you put much thought into it.

From experience, I see that as an analysis gets progressively complex the probability of it being accurate in prediction goes to 50% or lower.
In fact, it's usually lower because investment houses and banks are mostly stupid.
some percentage (no idea what the figure is) of their traders are useless.
Most , like to guessing. If only , the just "snatch a look", they will have some edge in trading.

With complexity there comes room for disagreement and chaos among buyers and sellers, whereas with strong news, obvious trends and agreed upon things like fibos there is far higher probability for success.

I agree with you that it's "nice" to try and understand the bullsh*@$ that just happened(i.e what made the big boys sell/buy), but after enough months you will stop caring.

Who gives a damn, they're monkeys. Keep on posting your chart, at least it is beneficial to one person ( that's me)..

Let's just make money off them, I say.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #746,917
  • May 23, 2023 4:11am May 23, 2023 4:11am
Quoting donfriday
{quote} trading will test and build ur patience, get it right or go broke will be ur choice
actually do you feel trade crypto much easier?
  • #746,918
  • May 23, 2023 4:11am May 23, 2023 4:11am
Quoting Mitiblotch
I posted this chart last week. So why didn't I buy 2386? {image}
Miti, will be oportunity to buy lower today, Im expecting 2360-2340 or lover today to jump mediumterm longs
People don't plan to lose. They lose because they don't plan.
  • #746,919
  • May 23, 2023 4:13am May 23, 2023 4:13am
Quoting TrAndy1
I do not know I am just alone with that opinion. But my nose or gut is telling me that some big guys already knew that PMI data for GBP will come worse than expected and started selling right off from the start a 8 o'clock at UK time and caught some 40 to 50 pips here and made a billion risk free profit with their unfair advantage. Anybody else had that thoughts also in mind ? Because right now after the news came out half an hour ago, the market just reversed. Maybe 1.25 will be reached today I do not know. But this would be part of bit revenge...
Those UK borrowing figures didn't help earlier today before the Pmi numbers. Asia was down and then early London was down too but rallied before that big drop off on start of the 0700am gmt candle, which did seem to come out of nowhere!? Whether the market is rigged or not it does still seem to offer the possibility of an edge, because market behavior- a function of human behavior, repeats.
Trader with an Edge.
  • #746,920
  • May 23, 2023 4:16am May 23, 2023 4:16am
Sell Mode on GBP JPY
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Trade safe guys
cheers
my loss is your gain
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