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Cable Update (GBPUSD)

  • #749,721
  • Jun 5, 2023 1:11pm Jun 5, 2023 1:11pm
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yes yes yes
  • #749,722
  • Edited 1:54pm Jun 5, 2023 1:23pm | Edited 1:54pm
Quoting OBsayMkMoney
{quote} Well there is an easy way to keep folks confused. Just tell them that the market is random. That there is no rhyme or reason. Which most believe. Yet we have patterns. People are predictable, and people drive the markets. The sheep repeatedly bleat at the same time, and run in the same places. Once I got out of that random mindset I started making money. I personally am a trend trader. People are exhausted by trends for the most part in similar areas. Again though.. what works for me... may not for others.
I see what you are saying. My point is that the banks control the prices, they are the main liquidity provider in forex, not ”some dude on the other side”. They have mathematical models to keep themselves profitable and also to protect themselves, which of course is not random. What im saying is that the market is constantly changing, everything have to be interpretated in context and with timing.

We don’t have the system of free floating currency rates like when George Soros crashed the pound, nor do we have fixed rate currencies. The system evolved to something in-between. Traders/institutions can certainly help move the market, but we might be wrong on who initiated the move and who is the seller. So it’s not as much as about people as it is about algos and an collective army of professionals and all their regulations, as well as long term interest.

We also have new rate systems that is very vulnerable to a market upset by emotions of people. Therefore protective algos and first look practice by banks. Also centralizations and takeover of smaller banks by political decisions increase the control and steering.
So i don’t entirely agree that people drive the markets, more so by the innovations of the people.

If you want to see a market that is more driven by the ”people” try penny-stocks! Even you can move some of them. However some of them also have algos controlling price which is easily detectable through the orderbook. It’s quite fun seeing a low volume stock rise 20% cause of good timing or lacking market participants.
They fulfill all the criteria of an uptrend yet no sane trader would jump into a move that isn’t supported by anything other than indicators and a few fools.

If you can trend trade successfully please share here. My philosophy is to constantly adapt and be wrong(to find the opposite), but i dont like the workload maybe i missed something in my own model.
Im always open to being wrong, but as i said penny-stocks are proably the only thing which has real-time movement driven by human participants.
You have an IQ lower than 90 if you interact with this user.
  • #749,723
  • Jun 5, 2023 1:39pm Jun 5, 2023 1:39pm
Quoting Ferna
{quote} I see what you are saying. My point is that the banks control the prices, they are the main liquidity provider in forex, not ”some dude on the other side”. They have mathematical models to keep themselves profitable and also to protect themselves, which of course is not random. What im saying is that the market is constantly changing, everything have to be interpretated in context and with timing. We don’t have the system of free floating currency rates like when George Soros crashed the pound, nor do we have fixed rate currencies. The system...
You might enjoy this video by Anton Kreil. I found it very informative.
Inserted Video
  • #749,724
  • Jun 5, 2023 1:41pm Jun 5, 2023 1:41pm
Quoting karankeni
missed the short will short if any pullback {image}
karankeni, that's what I talked about in PM. Also, I use the Gann principle to establish the end of the section. I marked Wave I differently than your software b/c of his rule. W.D. Gann called this an overbalance of time and/or price (the greatest move in time and amplitude). It is a simple way to help determine whether a section is complete.
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Always trade your own plan...I don't provide trading signals.
  • #749,725
  • Jun 5, 2023 1:52pm Jun 5, 2023 1:52pm
Quoting Ferna
{quote} I see what you are saying. My point is that the banks control the prices, they are the main liquidity provider in forex, not ”some dude on the other side”. They have mathematical models to keep themselves profitable and also to protect themselves, which of course is not random. What im saying is that the market is constantly changing, everything have to be interpretated in context and with timing. We don’t have the system of free floating currency rates like when George Soros crashed the pound, nor do we have fixed rate currencies. The system...

I work at a hedge fund, and have supported traders for the last 20yrs in IT. They aren't as smart as you think they are lol. Just have big enough orders to "bully" small moves here and there. I can't tell you how often I have heard confusion on the trade floor lol.

I once believed what you are saying as it is logical, is profitable and bears merit. What messed me up were the Elliotticians coming in and posting targets almost to the pip days, and sometimes weeks in advance. Someone recently posted an entry scale that showed this. So I get what you are saying, and why you are. It's just these wizardry folk keep fugging up the logic with their chart fu! Appreciate the repartee my friend.
Don't compare your trades to others. Most often the masses are the asses
  • #749,726
  • Jun 5, 2023 1:56pm Jun 5, 2023 1:56pm
Quoting Coreg2004
{quote} karankeni, that's what I talked about in PM. Also, I use the Gann principle to establish the end of the section. I marked Wave I differently than your software b/c of his rule. W.D. Gann called this an overbalance of time and/or price (the greatest move in time and amplitude). It is a simple way to help determine whether a section is complete. {image}
got it professor..ill read about gann principle
  • #749,727
  • Jun 5, 2023 2:07pm Jun 5, 2023 2:07pm
Quoting ScalaFX
also started longing EU 0690, and Gold 1940
Gold taking partials and let it run to target 2000
People don't plan to lose. They lose because they don't plan.
  • #749,728
  • Jun 5, 2023 2:08pm Jun 5, 2023 2:08pm
Quoting Scotteyy
I'd like to see pullback to weekly pivot of 12440 for a potential short down to weekly s1 12336.
First part worked out okay, just waiting for confirmation for the short sell. Bias remains sell until we breach 200MA.
  • #749,729
  • Jun 5, 2023 2:29pm Jun 5, 2023 2:29pm
Quoting dantpm
{quote} You might enjoy this video by Anton Kreil. I found it very informative. https://www.youtube.com/watch?v=L7G0OfJUON8
2hrs.... Not for the faint of heart... Lucky I have time at work.
Don't compare your trades to others. Most often the masses are the asses
  • #749,730
  • Jun 5, 2023 2:40pm Jun 5, 2023 2:40pm
I bought London.
Touched cloth.
NY came in and saved me.
Target locked for the week
Will move initial SL after US open tomorrow if the plan appears to be working.


GBPUSD MTF - D1 to 15m anti-clockwise
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  • #749,731
  • Jun 5, 2023 2:54pm Jun 5, 2023 2:54pm
Quoting Pat Chiko
{quote} It will move until this guy fix it..... Let me hear from all, " guess who is that fix person ?"{image}
Moty the Geat?
  • #749,732
  • Jun 5, 2023 3:26pm Jun 5, 2023 3:26pm
S&P 500 ends lower as traders eye potential pause in rate hikes
Insane in the Brain..
  • #749,733
  • Jun 5, 2023 3:31pm Jun 5, 2023 3:31pm
Gonna let a short run over night. Short 12430, SL 12450, TP open. Fairly confident we will see bears in the asian session, possibly naively so.
  • #749,734
  • Jun 5, 2023 3:39pm Jun 5, 2023 3:39pm
Hey guys,
For tuesday buy above 2400.
If this situation changes I shall post here
Intraday only.
  • #749,735
  • Jun 5, 2023 4:00pm Jun 5, 2023 4:00pm
buys only, for around 1.26
  • #749,736
  • Jun 5, 2023 4:15pm Jun 5, 2023 4:15pm
Please help me this analys is true am in short position
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  • #749,737
  • Jun 5, 2023 4:41pm Jun 5, 2023 4:41pm
Quoting Rachidbensad
Please help me this analys is true am in short position {image}
Hala Kafuk

If you are in Short position for GBPUSD There is a chance it could move down upto 1.23750
Later may fall more but should not go on that too much

Also note that it could rise upto 1.24670 and above before the fall

PM me if you want some more details
HBS - Hussain Bin Salman
  • #749,738
  • Jun 5, 2023 5:53pm Jun 5, 2023 5:53pm
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yes yes yes
  • #749,739
  • Jun 5, 2023 6:16pm Jun 5, 2023 6:16pm
Quoting dantpm
{quote} You might enjoy this video by Anton Kreil. I found it very informative. https://www.youtube.com/watch?v=L7G0OfJUON8
very entertaining. Maybe he has some points, but he seem a bit hyperbolic.
but yeah some people be spreading narratives, but i dont think this guy is any different, just using the sell method which works for our day and age.
he clearly controls the situation from start and allows no questions, which makes me think he hides something about himself and the solutions his firm offers. Can be a bit hypocritic to have no transparency yourself when simultaneously criticizing others for their lacking transparency and improper motives.

well i dont know maybe a professional should give him/her opinion on it than me, but i definitively experienced the push from brokers and their ”teacher” or what did ge call it? I immediately withdraw all my money when a young hot girl called me saying she used to be a professional algorhitmic trader. I asked her why she worked at customers service now if she been a successful trader at such an early age. She wanted to focus on me instead.
You have an IQ lower than 90 if you interact with this user.
  • #749,740
  • Jun 5, 2023 6:18pm Jun 5, 2023 6:18pm
Quoting OBsayMkMoney
{quote} I work at a hedge fund, and have supported traders for the last 20yrs in IT. They aren't as smart as you think they are lol. Just have big enough orders to "bully" small moves here and there. I can't tell you how often I have heard confusion on the trade floor lol. I once believed what you are saying as it is logical, is profitable and bears merit. What messed me up were the Elliotticians coming in and posting targets almost to the pip days, and sometimes weeks in advance. Someone recently posted an entry scale that showed this. So I get...
Very impressive! Thanks for sharing. Which Hedge fund if i may ask?
You have an IQ lower than 90 if you interact with this user.
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