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Cable Update (GBPUSD)

  • #755,361
  • Jul 2, 2023 2:06am Jul 2, 2023 2:06am
Quoting PeterCaleb
{quote} Well to me you're a non person on something called a website talking about something that "resembles" trading etc etc. But it's always funny when (possibly) morons from the real world, show they have a problem with learning. So were you dropped on your head as a baby? Or are you someone who "believes" online 'stuff' is real? Have you been outside recently? You remember what the sun looks like right? There's 6 or 7 billion people here today and yet still, there's really only a handful of variations of idiot that exist. Maybe you'd prefer...
On the other hand, instead of you bitching here, some of us will be glad if you can explain what trading is, how to trade successfully and how to think about trading. Now, that would make for a great post, don't you agree? So, what can you share with us here that we don't know about trading? Thanks!
  • #755,362
  • Jul 2, 2023 2:28am Jul 2, 2023 2:28am
Peter Caleb is a muppet who rants and raves on various forums regularly, never posts a trade, or a chart.....
but always know more than anyone else.
Its all just one persons opinion
  • #755,363
  • Jul 2, 2023 3:05am Jul 2, 2023 3:05am
“I think "online people" are bloody hilarious.”
At least on this I think we can all agree.
  • #755,364
  • Jul 2, 2023 3:18am Jul 2, 2023 3:18am
CABLE going to grounded at 1.237-9xx from weekly high.. enjoy!!
Everything, what's meant to be will find its way
  • #755,365
  • Jul 2, 2023 3:49am Jul 2, 2023 3:49am
My opinion is we will be bullish for the next couple of weeks.

Weekly bear candles aren't showing any strength, just looks to be a retrace.
Daily we have a strong bullish candle, possibly signalling end of retrace.
4H needs a break of 12760 but that resistance doesn't seem too strong personally.
<1H we broke market structure at 12660, retrace to this level would be good for a long imo.
  • #755,366
  • Jul 2, 2023 4:25am Jul 2, 2023 4:25am
Gold and GU both still in 4H correction from D1 downswing which is corrective against weekly upswing

The probability is for the daily to move out of its corrective move back into the weekly but only if the daily down correction has finished and at the ,moment can not see anything, so for the moment will look for shorts on both from H1 , if H1 starts to trend down again we know we are in for another short swing.
Follow The Markets Structure - Patience and Discipline
  • #755,367
  • Jul 2, 2023 4:45am Jul 2, 2023 4:45am
Quoting axecap
Peter Caleb is a muppet who rants and raves on various forums regularly, never posts a trade, or a chart..... but always know more than anyone else.
On the contrary he gives a hint to those capable.

However i think this video sums up his expectations of other traders ability and ideas:
Inserted Video
You have an IQ lower than 90 if you interact with this user.
  • #755,368
  • Jul 2, 2023 5:09am Jul 2, 2023 5:09am
Quoting boodvah
what in the absolute ungodly fuck is happening? its a trading forum. this shit is getting watered down with the spam. dude nobody cares about any agenda other than securing pips. to me trading is therapeutic and calming. you dudes with these crazy ass paragraphs are fuckin weird. dudes be having nuts the size of Vesuvius behind a keyboard. damn cowards. shut the fuck up and trade.

Dude you have addiction problems Maybe get help?
How to succeed in zero sum game?
  • #755,369
  • Edited 5:38am Jul 2, 2023 5:21am | Edited 5:38am
Quoting PeterCaleb
{quote} Yes well, real relevance comes at a price. That price is the use of that grey stuff in your skull. You'll never do much with anything if you only think in straight lines and "believe" they're curves. And I suppose it depends on your definition of what it is you're doing with your money and time. For me, I see what most do as technical speculation. There's nothing new or even intelligent in that at all. And I don't see most people making the connection between real life lessons and trading or money management (or whatever the person chooses...
Hi sir, I'm curious about something you mentioned.

Quote
So, while you all think you're trading the cable, or yen, you're really just playing "hot potato". It's not whether you're trading CFD's or something more real and tangible, it is whether you understand the landscape. And since CFD's are still interconnected TO the "system", their participation is necessary to distinguish between those who learn this lesson and those who do not. So talk whatever silly excuses or deflections you want, Japan and its activities are part of the Cable movements and all derivative stations of market activity.

Can you please explain more specifically? What's the better should've learnt or required lesson the system try to distinguish?
Is it a lesson to successful trading?

I do believe currencies are transforming and in revolution. That's already happened in our normal life.
There might be some deals between countries or Economic Cooperations to make big change seaminglessly.

There's a Taiwanese old saying : God is fond of the stupid simple-minded more. Sometimes it's better not knowing too much.
  • #755,370
  • Jul 2, 2023 6:51am Jul 2, 2023 6:51am
Quoting PeterCaleb
{quote} Yes well, real relevance comes at a price. That price is the use of that grey stuff in your skull. You'll never do much with anything if you only think in straight lines and "believe" they're curves. And I suppose it depends on your definition of what it is you're doing with your money and time. For me, I see what most do as technical speculation. There's nothing new or even intelligent in that at all. And I don't see most people making the connection between real life lessons and trading or money management (or whatever the person chooses...
Japan and its activities are part of cable movement
When lizz truss govt fucked up on its autumn budget plan sept 2022, then on the following Monday, GBPUSD fell by ~400pips,and a lot of traders moan their lose 50% of the account, while others wipe everything, Japanese sold gilts for dollar and not for pound.
Something at the core was shaked that day, and no "amt of liquidity" could hold that fall.

because somehow i also believe that the CFDs and price on a brokers platform, looks like a replica of something more real.

Not sure tho, but Money market spread between two countries bonds is first on my list, since all hedge funds, invesment banks (guy with billions of dollar cash) holds a very small % amt of their "cash in hand" in the form of cash.
There was a video of Bill Ackman where he said his hedge funds hold only their daily operation costs in the form of cash. The rest of their liquidity lies in the money market through the primary dealer.

What do you think lies at the foundation of price, sir?
More time in the market, does not mean you trade better!
  • #755,371
  • Jul 2, 2023 7:10am Jul 2, 2023 7:10am
Quoting Robinhood1
{quote} Cable is one of the most dificult charts to trade at this moment for me. Nevertheless, i see the dollar going strong against most pairs. I can also see the begginig of a reversal south. I need a bit more developing and if so, its more likely to drop from its current price 1.2748
Cable has most probably reverse bearish.
Current target 1.2539 and decreasing 30 pips every busness day.
POSTMASTER
  • #755,372
  • Jul 2, 2023 7:38am Jul 2, 2023 7:38am
Quoting Robinhood1
{quote} Cable has most probably reverse bearish. Current target 1.2539 and decreasing 30 pips every busness day.
eur/usd trading.
eur/usd could support this move down.
the price is currently testing the upper part of the trend channel.
now we can build a short position based on a smartly placed SL.
H4.
  • #755,373
  • Jul 2, 2023 7:39am Jul 2, 2023 7:39am
Quoting tradexyz
{image} 4hr... {image}
why this much complication.. reading chart is very simple. Don't complicate this much. Make a habit to understand the chart in a easy way. Otherwise, your energy will wasted by looking the chart.
Everything, what's meant to be will find its way
  • #755,374
  • Jul 2, 2023 8:46am Jul 2, 2023 8:46am
Quoting tiborf71
{quote} eur/usd trading. eur/usd could support this move down. the price is currently testing the upper part of the trend channel. now we can build a short position based on a smartly placed SL. H4.
Once cable price squares the 30 pip rate, a severe retracement will take place to another slower descending trendline and then catch the 30 pip rate further down again. Its an established pattern. It will not be valid if tuesday's high is Broken.
POSTMASTER
  • #755,375
  • Jul 2, 2023 8:56am Jul 2, 2023 8:56am
Quoting Robinhood1
{quote} Once cable price squares the 30 pip rate, a severe retracement will take place to another slower descending trendline and then catch the 30 pip rate further down again. Its an established pattern. It will not be valid if tuesday's high is Broken.
This pattern could take several weeks forming so swing trading
POSTMASTER
  • #755,376
  • Edited 9:21am Jul 2, 2023 9:05am | Edited 9:21am
looking at H4, price is very close to the north trend line, which can act as a significant resistance level.
and there is also the 1.27600 resistance level.
overall, I'm still waiting for the position to open. I will wait until the price rises, at least to the resistance level, and if the structure does not change, then short





we'll see.
  • #755,377
  • Jul 2, 2023 9:10am Jul 2, 2023 9:10am
Quoting Robinhood1
Eurjpy long. Prlce now 148.75 Target beyond. 155.00
As an example of the same pattern, eurjpy still has to square its current target at 161.77 plus rising x pips per day, retrace to it other current target at 149.19 plus rising x pips per day. Then go to catch the 161.77 trendline plus the extra rising rate. It takes too long for 99.99% trader's but it is very safe just trading the trend plus adding little bits on its way. Balance múltiples x times in the end.
This is my unique trading skill and will not mean anything to other traders but it may help someone to come up with something similar. Cheers
POSTMASTER
  • #755,378
  • Edited 12:09pm Jul 2, 2023 9:15am | Edited 12:09pm
To me, weekly in up trend.

Daily in downtrend.

4hr in uptrend

1 hr in down trend.

1.2750 is important for daily to turn towards uptrend.

This 1hr down trend may pull back to 2650...

Let tus see.

Tricky situation as all mixed up.

Best thing to do...to follow 1 hr to make some money
Intraday only.
  • #755,379
  • Jul 2, 2023 9:30am Jul 2, 2023 9:30am
Quoting navk
To me, weekly in up trend. Daily in downtrend. 4hr in uptrend 1 hr in down trend. 1.2750 is important for daily to turn towards uptrend. This 1hr down trend may pull back to 2650... Let tus see. Tricky situation as all mixed up. Best this to do...to follow 1 hr to make some money
Try this system instead of loosing money

{ virus risk deleted by staff }
  • #755,380
  • Jul 2, 2023 9:32am Jul 2, 2023 9:32am
Quoting axecap
Peter Caleb is a muppet who rants and raves on various forums regularly, never posts a trade, or a chart..... but always know more than anyone else.

He's an old man probably retired, recently divorced or widowed whose kids dont want to visit him anymore since they only did before cause of mom. Probably only rose to middle management in his career who never liked personal interaction and holds a grudge against people forhis lack of success. this is his his way of venting
short trump and go long the deepstate
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