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Cable Update (GBPUSD)

  • #755,621
  • Jul 3, 2023 5:30pm Jul 3, 2023 5:30pm
Quoting ninner
{quote} However, there are fundamental reason why there are more buyer than sellers LOL
Don't know quite how to break this to you but for a transaction to complete for every buyer there is a seller. We have no idea how many buyers or sellers are in the market place because of the role of brokers and market makers to consolidate orders.
  • #755,622
  • Jul 3, 2023 5:32pm Jul 3, 2023 5:32pm
Quoting Bella.al
{quote} It is been 4 Hours since i last checked my charts. Couple of Observations as new day has just started. Bullish Momentum Continuation Level : 1.27220 , if the cable can break above this level it is showing bullish momentum continuation that started on Friday 30.06.2023.However, in my case the Support : 1.26656 needs to hold otherwise i have no idea. Revising the Order : Went Long on GBPUSD on 03.07.2023 at Bella's 13:38 GMT due to Bella's Reversal Date Bella's Blue ( Beta v1.7 ) {image}

Hello,

In the past i have provided books i have used to develop/developing 'Bella's Blue' started in 2022 as set of libraries and now a full indicator is in Development
for personal use

Trading Books for Skill Development:
1.Wave Principal ( Robert Prechter ) : Bella's Trend-0.25 ( I have created special Trend , that calculates 1 Trend Direction and 1 Level of Interest in all times frames it looks at currency at whole not any Time Frame.
2.Pivot Boss ( Frank O. Ochoa ) : Currently Developing Bella's Fair Value Analysis which are new concepts after studying this book.
3.Gann Square of 9 ( Mikula ) : Bella's Date Forecasting , a new set of concepts in which Time is used instead of Price Introduced by W.D Gann

I hope this helps
Bella
Goddess of Thunder..
  • #755,623
  • Jul 3, 2023 5:35pm Jul 3, 2023 5:35pm
Quoting dantpm
{quote} Don't know quite how to break this to you but for a transaction to complete for every buyer there is a seller. We have no idea how many buyers or sellers are in the market place because of the role of brokers and market makers to consolidate orders.
wow ..you are sooo smart!!! How old are you 4!!! LOL
  • #755,624
  • Jul 3, 2023 5:43pm Jul 3, 2023 5:43pm
Quoting ninner
{quote} wow ..you are sooo smart!!! How old are you 4!!! LOL
A little older. The difference between you and I is that before and after I was 4, I continued to get smarter, more polite and more courteous.
  • #755,625
  • Jul 3, 2023 5:44pm Jul 3, 2023 5:44pm
Quoting dantpm
{quote} Don't know quite how to break this to you but for a transaction to complete for every buyer there is a seller. We have no idea how many buyers or sellers are in the market place because of the role of brokers and market makers to consolidate orders.
the big money base their trades on their macro economic view point of the world first and then the little sqiggles on the chart second!!! Known fact!!!
  • #755,626
  • Jul 3, 2023 5:55pm Jul 3, 2023 5:55pm
Quoting ninner
{quote} the big money base their trades on their macro economic view point of the world first and then the little sqiggles on the chart second!!! Known fact!!!
go watch smart money concepts duuuuudeeee!!!!
You have an IQ lower than 90 if you interact with this user.
  • #755,627
  • Jul 3, 2023 6:33pm Jul 3, 2023 6:33pm
based on macro economic factors I have put a price target for eurgbp by year end of 0.8800 or even 0.9000.....
  • #755,628
  • Jul 3, 2023 6:34pm Jul 3, 2023 6:34pm
Quoting dantpm
{quote} A little older. The difference between you and I is that before and after I was 4, I continued to get smarter, more polite and more courteous.
she's a girl, not a woman big difference, and always PMSing
  • #755,629
  • Jul 3, 2023 6:36pm Jul 3, 2023 6:36pm
Quoting Ferna
{quote} go watch smart money concepts duuuuudeeee!!!!
What is smart money concept?
How to succeed in zero sum game?
  • #755,630
  • Jul 3, 2023 6:41pm Jul 3, 2023 6:41pm
Quoting dempire1
{quote} What is smart money concept?

Just another name for trading market structure!!! LOL
  • #755,631
  • Jul 3, 2023 6:43pm Jul 3, 2023 6:43pm
Quoting ninner
{quote} Just another name for trading market structure!!! LOL
oh I guess ill stay to dumb money concept then
How to succeed in zero sum game?
  • #755,632
  • Jul 3, 2023 6:48pm Jul 3, 2023 6:48pm
Quoting dempire1
{quote} oh I guess ill stay to dumb money concept then
Like i said big money don't even trade that way!!! LOL
  • #755,633
  • Jul 3, 2023 6:55pm Jul 3, 2023 6:55pm
Quoting donfriday
I expect Gu to rally back above 1.2750 in 3 days failure of close above 1.2750 will target price back to preceding Level 1.25
I agree
Intraday only.
  • #755,634
  • Jul 3, 2023 7:38pm Jul 3, 2023 7:38pm
Quoting BigNumbers
Always tight stop please. If we fail we’ll find another entry. i deliberately make the stop very tight because of the news, if they push the price up a little bit before the news then we are going to be buying through out the week. {image}
And depending on my mood, I'll place a heavy position right near your "tight stops". Thanks for helping out. I love really wide spread charges. Very easy to send orders to market.

Peter
Real Trading is not gambling.
  • #755,635
  • Jul 3, 2023 7:46pm Jul 3, 2023 7:46pm
Quoting dele5000
{quote} Market perception of data is not always straight forward, this particular US data, ISM service&manufacturing are used to guage growth, the headline number is really bad, but it seems market is interpreting for bad economy or recession, and you will see this will drive safe heavens like gold, us dollar, swiss franc and possibly yen up
Really? How would you possibly know if you're merely staring at a screen and chart?
Real Trading is not gambling.
  • #755,636
  • Jul 3, 2023 7:50pm Jul 3, 2023 7:50pm
Quoting Bella.al
{quote} Yay, here comes the support exactly when needed to protect my stoploss : 1.26656 Bella's Blue {image}
You do grasp the concept of best price positioning right? The evidence of it all is right there on your chart. "hoping" your stop out doesn't get triggered is no strategy.
Real Trading is not gambling.
  • #755,637
  • Jul 3, 2023 7:59pm Jul 3, 2023 7:59pm
Quoting dempire1
{quote} What is smart money concept?
Dudes!!! U dontkbow? Its the market makers and tge algorhitms designed to take our money!
ICT and every hacker in the world knows about this scheme!!!
the brokers open up the spread on you as soon u sre close to their supply zones, making scalping an virtual impossibilty for all retail traders! If wanna scalp go work for a bank!
You have an IQ lower than 90 if you interact with this user.
  • #755,638
  • Jul 3, 2023 8:00pm Jul 3, 2023 8:00pm
Quoting Bella.al
{quote} So, as stated previously the 1.26656 will be tough support for bears to break . Interestingly, on Friday this was about the same level that was D-R1 which i wrote in one of my posts that bulls require break above this to make price action Bullish. I am going back to my Lab work on Bella's Fair Value Analysis ( which is related to Traditional Pivot Point Analysis ) but has different type of calculation and is bothering a lot due to type of 'product' we are referring to such as GBPUSD which is dynamic in nature and not having any base price...
I see a lot of excuses here. The product. And all the rest. You do not understand pivots. They help observe the Tiered layers of A) Participation and Strike prices of the in and outward flow of capital. You'd know this if you stopped playing scientist and listening to nobodies online and just made basic consistent observations with note taking alongside it. When I look at your chart I can see these things because that is how and why your chart "bobbs around". So stop the BS re: "it's the GBPUSD Oh No" and just observe and try different perspectives. The GBPUSD doesn't care about your method. It craves activity and so do participants. But if you can only "trade" high volatility then you are guessing.

Peter
Real Trading is not gambling.
  • #755,639
  • Jul 3, 2023 8:08pm Jul 3, 2023 8:08pm
Quoting Ferna
{quote} Dudes!!! U dontkbow? Its the market makers and tge algorhitms designed to take our money! ICT and every hacker in the world knows about this scheme!!! the brokers open up the spread on you as soon u sre close to their supply zones, making scalping an virtual impossibilty for all retail traders! If wanna scalp go work for a bank!
So more retail trader tissue fest. Smart money .... the hint is in the words. Be a schmuck who believes online stuff or learn. I use smart money. I protect what I have. I have learned what makes the market "want to keep moving". ICT is a good salesman. I scalp every day. I don't have a job at a bank. So ... anymore stories?

Silly people with sillier stories, instead of spending the time making broad and deep observations.

You all have heard of constructive feedback right? I see some placing me on ignore. So you're children who don't know how to learn? Interesting.
Real Trading is not gambling.
  • #755,640
  • Jul 3, 2023 8:19pm Jul 3, 2023 8:19pm
Quoting dantpm
{quote} Forex prices move to where there are buyers and sellers with equal prices. Eventually the 'news' will impact where buyers and sellers place their orders but it doesn't always happen in a price timely manner.
"Economic news" and announcements, as with "interest rate moves" are called advertising. THAT which I just wrote is WHY it was all setup in the way it was. If you weren't around during the changeover from analogue to digital and then to online presence of the world markets, then how would you know? See, you can learn something new every day.

It's the reason why ec. news comes and goes, why "the move" is already in place BEFORE the news is finally announced. They are weigh stations. It's why you "are given the "previous, the forecasted and then ..... the actual outcome". Don't agree or believe me.... then do yourself a favor and do thorough research in history. Learn the game and how all parties "communicate" with each other, particularly when you"re "not looking". Instead of being locked away on some dinky little website hoping you understand it.

Peter
Real Trading is not gambling.
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