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Cable Update (GBPUSD)

  • #747,561
  • May 25, 2023 4:52am May 25, 2023 4:52am
so many moving parts at play to the story of the markets today and the upcoming job numbers at the top of the hour will add more chaos to the mix.

sometimes you need to just step back from the charts a bit. like literally zoom out your charts 2 timeframes and stand a few yards from your monitor to see the bigger picture.
  • #747,562
  • May 25, 2023 4:52am May 25, 2023 4:52am
Surely at some point this has to break down.
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  • #747,563
  • May 25, 2023 4:57am May 25, 2023 4:57am
Quoting DrDave
{quote} That's becasue you have not learned to examine all of the TFs and see where a retracement is expected, or even more important, probably don't realize that there IS a retracement. I think I gave information about M5 likely to make a RALLY to be sold, no? That is what I did. Do you see a rally on M30 when M5 rallied? I don't. So where are you going to be looking for a RETURN DOWN to SELL? I hope you don't think it is on M30 or higher TF.
I se a pull back on the 30 minute to buy. With the expectation that the dollar is over extended and the DXY is due to post a bearish 4 hours candle.
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  • #747,564
  • May 25, 2023 5:03am May 25, 2023 5:03am
They will wait for the data to make the move
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yes yes yes
  • #747,565
  • May 25, 2023 5:10am May 25, 2023 5:10am
Quoting mysterio
Anyone trading GOLD good sell level 1962
lets have a go
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  • #747,566
  • May 25, 2023 5:13am May 25, 2023 5:13am
Quoting Pat Chiko
M A N I P U L A T I O N What is going on in GU is just series of manipluation by MM to grab liqudity. They just jack it up or down a bit taking out the necessary liquidity filling up their order book. Market manipulation is the act of artificially influencing the price of a security or asset in order to profit from it. In the forex market, market manipulation can be carried out by market makers, who are institutions that provide liquidity to the market by buying and selling currencies. Market makers often have access to large amounts of capital...

My apology to upset few on this subject.
Sorry again....and understand that you are upset with my post.
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I have made it clear that I have never had any deal or association with Market Maker.
However, I believe that my post is accurate and that it is important to be aware of the reality of the forex market.

It is true that you cannot beat the market using conventional methods.
The market makers have access to more information and resources than you do, and they are always looking for ways to make money.

If you want to be successful in the forex market, you need to think like a thief and find ways to outsmart the market makers.
I apologize if my post upset you.

However, I believe that it is important to be aware of the reality of the forex market.
If you want to be successful, you need to be prepared to think outside the box and to take risks.

Best Wishes

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #747,567
  • May 25, 2023 5:26am May 25, 2023 5:26am
Quoting Pat Chiko
{quote} My apology to upset few on this subject. Sorry again....and understand that you are upset with my post. {image} I have made it clear that I have never had any deal or association with Market Maker. However, I believe that my post is accurate and that it is important to be aware of the reality of the forex market. It is true that you cannot beat the market using conventional methods. The market makers have access to more information and resources than you do, and they are always looking for ways to make money. If you want to be successful...
As always "misleading" us. I like it.
  • #747,568
  • May 25, 2023 5:27am May 25, 2023 5:27am
GU H1 is in what currently looks like an upside correction against H4 and H4 has been moving down with the daily

So would prefer to short if i get an entry signal.

If the 4H swing trend is ending we may see it go up.
Follow The Markets Structure - Patience and Discipline
  • #747,569
  • May 25, 2023 5:27am May 25, 2023 5:27am
Quoting Moty
They will wait for the data to make the move {image}
ready your horse moty, it still like before cut loss, MC or TP
dang, 1 Long position is in the mountain

SELL EXECUTED
dont know if this a right thing, sell at near bottom
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Gold Recovery All Time Profit: -$3,961
  • #747,570
  • May 25, 2023 5:31am May 25, 2023 5:31am
Quoting mysterio
{quote}lets have a go {image}
got lucky
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  • #747,571
  • May 25, 2023 5:31am May 25, 2023 5:31am
More BS to make Sleepy Joe look good.
  • #747,572
  • May 25, 2023 5:32am May 25, 2023 5:32am
Glad I closed out before the release
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  • #747,573
  • May 25, 2023 5:33am May 25, 2023 5:33am
Quoting MrFanciful
More BS to make Sleepy Joe look good.
You mean dementia Joe!
  • #747,574
  • May 25, 2023 5:36am May 25, 2023 5:36am
US data good , can’t see 124 yet.. let’s see what tomorrow brings
Insane in the Brain..
  • #747,575
  • May 25, 2023 5:37am May 25, 2023 5:37am
Numbers are good, so bad for USD, interesting that it's raising. The numbers on 2nd look are good for USD, may be that is the reason why it gets stronger. The numbers are economy drivers, not price stuff directly. But anyway, more interest rate hikes coming in.
  • #747,576
  • May 25, 2023 5:37am May 25, 2023 5:37am
small buy positions entered. Buy order at 1.23. TP 1.26
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  • #747,577
  • May 25, 2023 5:37am May 25, 2023 5:37am
Quoting OperaniyiFx
I sold from 1.2375 targeting 1.2350
TP smashed
  • #747,578
  • May 25, 2023 5:37am May 25, 2023 5:37am
Quoting Pat Chiko
{quote} My apology to upset few on this subject. Sorry again....and understand that you are upset with my post. {image} I have made it clear that I have never had any deal or association with Market Maker. However, I believe that my post is accurate and that it is important to be aware of the reality of the forex market. It is true that you cannot beat the market using conventional methods. The market makers have access to more information and resources than you do, and they are always looking for ways to make money. If you want to be successful...
Your posts are very informative - keep them coming!
Funded trader
  • #747,579
  • May 25, 2023 5:41am May 25, 2023 5:41am
Quoting JackintheBox
Numbers are good, so bad for USD, interesting that it's raising. The numbers on 2nd look are good for USD, may be that is the reason why it gets stronger. The numbers are economy drivers, not price stuff directly. But anyway, more interest rate hikes coming in.
I’d have thought the numbers being good is good for USD?
Insane in the Brain..
  • #747,580
  • May 25, 2023 5:43am May 25, 2023 5:43am
Quoting pipfarm
GU H1 is in what currently looks like an upside correction against H4 and H4 has been moving down with the daily So would prefer to short if i get an entry signal. If the 4H swing trend is ending we may see it go up.
Exact same scenario on gold and it dropped like a brick, GU a bit slow to react.
Follow The Markets Structure - Patience and Discipline
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