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Cable Update (GBPUSD)

  • #755,081
  • Jun 30, 2023 4:01am Jun 30, 2023 4:01am
Quoting Whale
{quote} what a PA.. im out
I'm afraid this isn't going anywhere today. We'll see on Core PCE later..
  • #755,082
  • Jun 30, 2023 4:02am Jun 30, 2023 4:02am
...1hr closes as a bearish engulf x 7 thrust candle...4hr closes bearishly too (gmt+3 feed,) re body but more like a 'spinning top' type candle?

1hr below
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Trader with an Edge.
  • #755,083
  • Jun 30, 2023 4:04am Jun 30, 2023 4:04am
What do you guys expect in the future? More stubborn inflation and CB's raising rates even more or rapid decline of inflation in the future and CB's cutting rates?
  • #755,084
  • Jun 30, 2023 4:05am Jun 30, 2023 4:05am
My trade and moty trade are always the same…. I think we trade the same strategy, we always having same signal at the same time and same entry. Lol
  • #755,085
  • Jun 30, 2023 4:06am Jun 30, 2023 4:06am
Quoting Pat Chiko
{quote} Thanks, I copy you.... GU SHORT Hope got luck{image}
hope you get back what you lost last longing GU, I think I opened to much lot short thats why you lose this, but now you get back all, just patience
People don't plan to lose. They lose because they don't plan.
  • #755,086
  • Jun 30, 2023 4:07am Jun 30, 2023 4:07am
Quoting OperaniyiFx
My trade and moty trade are always the same…. I think we trade the same strategy, we always having same signal at the same time and same entry. Lol
its good or bad?
  • #755,087
  • Jun 30, 2023 4:09am Jun 30, 2023 4:09am
Quoting Bella.al
{quote} Using the new v1.7 Beta ( started working on it already ) i am just looking at the price movement ( without any time frame the roadmap of GBPUSD ) , this is just data from MYSQL Server. GBPUSD is inside the price range started from 1.27690 and there is room till 1.2377 , there are relationships in between these numbers without getting complicated these are high and low ranges. GBPUSD - road map {image}
Have you looked at nosql and redis solutions for your applications? If I read the profiles correctly these two solutions will speed your applications up quite a bit.
  • #755,088
  • Jun 30, 2023 4:12am Jun 30, 2023 4:12am
My vision GU, is stricte technical but I think can be played well, first touch 255x, 254x then get back like 2 wave to 2700 or 2750 something like that and then full trothle to 1.226x like 3 wave, correction to 1.243x then 1.19x for fifth wave, wow Im like elliot trader
People don't plan to lose. They lose because they don't plan.
  • #755,089
  • Jun 30, 2023 4:14am Jun 30, 2023 4:14am
Quoting dantpm
{quote} Have you looked at nosql and redis solutions for your applications? If I read the profiles correctly these two solutions will speed your applications up quite a bit.

Thank you for your suggestion ,

I just require database for storage currently mySQL and even MSQL is suffice . Mostly all data crunching goes inside my head before the rules , setups , concepts can be laid out .

-Bella.
Goddess of Thunder..
  • #755,090
  • Jun 30, 2023 4:16am Jun 30, 2023 4:16am
That's a bad place for data crunching
  • #755,091
  • Jun 30, 2023 4:17am Jun 30, 2023 4:17am
the UK data shows GDP is falling as expected. A lot of factors for today, bears need 126 to break so more mayhem and profiteering a take place to sign off from for this Q2. Bulls are not too far away a clean break above 12650 opens up 127-12750
Insane in the Brain..
  • #755,092
  • Jun 30, 2023 4:23am Jun 30, 2023 4:23am
Quoting Whale
{quote} its good or bad?
As far as I understand, Moty is trading on M1 or M5 TF on which Moty gets signal to Short or Long and is the reason behind having many trades in one day, because signals are all over the shop on lower TF's. Thing is, Moty will have the best entry if signal on M1 actually extends to higher TF's. Lower TF's signals aren't great, but they'll get you in on the top or on the bottom sometimes.
  • #755,093
  • Jun 30, 2023 4:30am Jun 30, 2023 4:30am
My view on on GBP is it will do whatever takes the most money from traders, the spikes every which way is prob MM's grabbing liquidity wherever they can. I'm still generally bearish though - we'll see - awaiting PCE
  • #755,094
  • Jun 30, 2023 4:33am Jun 30, 2023 4:33am
Quoting TheWraith
{quote} As far as I understand, Moty is trading on M1 or M5 TF on which Moty gets signal to Short or Long and is the reason behind having many trades in one day, because signals are all over the shop on lower TF's. Thing is, Moty will have the best entry if signal on M1 actually extends to higher TF's. Lower TF's signals aren't great, but they'll get you in on the top or on the bottom sometimes.
im trading for years..
Trading is not about the TF, and not about signals..
much more simple.
  • #755,095
  • Jun 30, 2023 4:33am Jun 30, 2023 4:33am
Quoting Whale
{quote} what a PA.. im out
Always be wary of the things you are most certain in.
  • #755,096
  • Jun 30, 2023 4:34am Jun 30, 2023 4:34am
Quoting BeeTogether
the UK data shows GDP is falling as expected. A lot of factors for today, bears need 126 to break so more mayhem and profiteering a take place to sign off from for this Q2. Bulls are not too far away a clean break above 12650 opens up 127-12750
We could also simply range here. 'Mid point' for the month. Weekly and daily forming a rough triangle. Currently inside of yesterdays trading range.
  • #755,097
  • Jun 30, 2023 4:36am Jun 30, 2023 4:36am
Quoting Orangeapple
I'm going to wait for the data tbh - appears to be what price is reacting to most EUR Flash Estimate and US PCE later - I wouldnt be surprised if market doesnt really do much until then.
For US CPI & PCE, there is Fed Cleveland Nowcasting.
You can compare the nowcaste with the market consensus, to have an insight where the actual might be (< or > than expectation).
More time in the market, does not mean you trade better!
  • #755,098
  • Jun 30, 2023 4:37am Jun 30, 2023 4:37am
...pretty mixed PA so far this London session with a breach of the Asian lo then hi. Decent enough swings on the lower sub 30min t/f's though ...Price trades between y/day's/current 2590/91 lo and y/day's 2667 p/back hi before that lo, now prev 1hr/minor 4hr sw lo/hi zones respectively, the former of which has been tested in the 4hr part of it @ current dly lo, and held as support so far with a bounce up from it.

1hr below
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Trader with an Edge.
  • #755,099
  • Jun 30, 2023 4:39am Jun 30, 2023 4:39am
Quoting Whale
{quote} im trading for years.. Trading is not about the TF, and not about signals.. much more simple.
My view is that only two things are important: fundamentals and how many traders are Long or Short on a specific currency pair (or volume as they say). Then, we go from one point to another (Last Sell and Last Buy as I like to define it). How far will the price move in certain direction and how many retracements will take place depends on how many traders are Long and how many traders are Short had fundamentals remain the same. This is my view at least.

Incorporating signals doesn't hurt. Especially, if you have a decent system you're using. It can kind of confirm what you're thinking will happen. Confirmation, per se.
  • #755,100
  • Jun 30, 2023 4:39am Jun 30, 2023 4:39am
Quoting Whale
still a bull, dont let it fool you
ohhh they've fooled me lol

traders life.
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