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Cable Update (GBPUSD)

  • #748,061
  • May 29, 2023 1:18am May 29, 2023 1:18am
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yes yes yes
  • #748,062
  • May 29, 2023 1:19am May 29, 2023 1:19am
Quoting dantpm
{quote} You are aware that London, Frankfurt and the US will only open tomorrow?
This is for you Dantpm and waveskiknob!!!

Inserted Video
  • #748,063
  • May 29, 2023 1:21am May 29, 2023 1:21am
Quoting ninner
{quote} https://www.youtube.com/watch?v=yXG0E6xmdyU
slang aka snake u know when u get hosed... by the WHO... so called experts...ir radiation eradication therapy get your boosters now somuch bs make you spin a web ... lol
Spinners: Compilation Of Spin & Spasm Vaxx Fatalities
  • #748,064
  • May 29, 2023 1:23am May 29, 2023 1:23am
Quoting tradexyz
{image} stick with what works may i .... magic
What type of chart is that?
  • #748,065
  • May 29, 2023 1:29am May 29, 2023 1:29am
Quoting Orangeapple
{quote} What type of chart is that?

waveskiknob is just pissed he is missing the gu move LOL
  • #748,066
  • May 29, 2023 1:29am May 29, 2023 1:29am
Quoting Georginson
Bought 1.2324... target 1.2364.... second buy limit at 1.2290...
Target met... +40pips...
Data + Stat + Risk/Emotions Management
  • #748,067
  • May 29, 2023 1:29am May 29, 2023 1:29am
Quoting dantpm
{quote} You are aware that London, Frankfurt and the US will only open tomorrow?
I think Europe is still open - just UK and US closed
  • #748,068
  • May 29, 2023 1:36am May 29, 2023 1:36am
Quoting Orangeapple
{quote} I think Europe is still open - just UK and US closed
Germany, France, Switzerland are all closed. What else is left in Europe for FOREX?
You can't rely on forex volume but the level appears to be hovering at the Asia trading level so far.
  • #748,069
  • May 29, 2023 1:43am May 29, 2023 1:43am
Waveskiknob has left the building!!!!!LOL
  • #748,070
  • May 29, 2023 1:44am May 29, 2023 1:44am
Quoting dantpm
{quote} Germany, France, Switzerland are all closed. What else is left in Europe for FOREX? You can't rely on forex volume but the level appears to be hovering at the Asia trading level so far.
Finland, Italy, Spain, Australia, and some other countries.
You have an IQ lower than 90 if you interact with this user.
  • #748,071
  • May 29, 2023 1:50am May 29, 2023 1:50am
Quoting dantpm
{quote} Germany, France, Switzerland are all closed. What else is left in Europe for FOREX? You can't rely on forex volume but the level appears to be hovering at the Asia trading level so far.
I was reading something on price distribution. It is mentionned that it takes $100m to move 6.7pips GU
So whether vol is high or low, we retail traders can always do something at any given point in time, since our position size are not sizeable
More time in the market, does not mean you trade better!
  • #748,072
  • May 29, 2023 1:59am May 29, 2023 1:59am
Quoting Fardeen1209
{quote} I was reading something on price distribution. It is mentionned that it takes $100m to move 6.7pips GU So whether vol is high or low, we retail traders can always do something at any given point in time, since our position size are not sizeable
You dont think big traders are still trading at home????? LOL They dont need to be in the office to trade. If they want to put on a trade they will do so.
  • #748,073
  • May 29, 2023 2:05am May 29, 2023 2:05am
Quoting Fardeen1209
{quote} I was reading something on price distribution. It is mentionned that it takes $100m to move 6.7pips GU So whether vol is high or low, we retail traders can always do something at any given point in time, since our position size are not sizeable
its based on liquidity and the time component of it. There are times liquidity is very thin, at those times it takes less size of an order to move the market.
If an order comes in it got to find counterparty for that order for the whole order. So the order can jump and this can trigger the banks to offer price at a higher level if the move continues.
You have an IQ lower than 90 if you interact with this user.
  • #748,074
  • May 29, 2023 2:07am May 29, 2023 2:07am
Quoting Moty
{image}
Bulls trap
Switched to short
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yes yes yes
  • #748,075
  • May 29, 2023 2:08am May 29, 2023 2:08am
Quoting ninner
{quote} You dont think big traders are still trading at home????? LOL They dont need to be in the office to trade. If they want to put on a trade they will do so.
Your statement makes the company's billions dollar of investment on system security looks like clown
But the core traders for a firm will do exactly like you said. Nothing is fair in this game.
More time in the market, does not mean you trade better!
  • #748,076
  • May 29, 2023 2:10am May 29, 2023 2:10am
Quoting dantpm
{quote} Germany, France, Switzerland are all closed. What else is left in Europe for FOREX? You can't rely on forex volume but the level appears to be hovering at the Asia trading level so far.
Hey buddy so I was thinking to seek and take your specific advise today...
Would you encourage trading today or staying out until tomorrow, please?
  • #748,077
  • May 29, 2023 2:11am May 29, 2023 2:11am
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  • #748,078
  • May 29, 2023 2:14am May 29, 2023 2:14am
Quoting Ferna
{quote} its based on liquidity and the time component of it. There are times liquidity is very thin, at those times it takes less size of an order to move the market. If an order comes in it got to find counterparty for that order for the whole order. So the order can jump and this can trigger the banks to offer price at a higher level if the move continues.
By theory, yes. But this applied to big traders trading heavy size. The thing idk yet is how big do they consider an order sizeable
While the big order entered at market order will search the counter orders on the order book untill it get filled.
But from what i understood, these big orders entered/exit the market using the limit orders.
The time they do something at market orders is on red economic data news
More time in the market, does not mean you trade better!
  • #748,079
  • May 29, 2023 2:19am May 29, 2023 2:19am
So the DXY is now into it's 4th week without a downside break of this uptrend.
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  • #748,080
  • May 29, 2023 2:28am May 29, 2023 2:28am
Doesn't look like it's going to stop.

When the US is not able to take on more debt, dollar goes up. When they agree an unlimited debt ceiling, dollar goes up.
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