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Cable Update (GBPUSD)

  • #755,661
  • Jul 3, 2023 9:31pm Jul 3, 2023 9:31pm
Quoting ninner
Lots of order flow around this lvl for gbpusd!!!
Nyny, you talk like PB now, you short or long from now on? The decision Nyny!
People don't plan to lose. They lose because they don't plan.
  • #755,662
  • Jul 3, 2023 9:33pm Jul 3, 2023 9:33pm
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 sad.. You're Misleading!

The market is simple : Agreement on the price and disagreement on value ( sell/buy ) nothing more complicated than that lol
https://breakpullback.com
  • #755,663
  • Edited 9:51pm Jul 3, 2023 9:41pm | Edited 9:51pm
Quoting eyefeelsix
{quote} So sad.. You're Misleading! The market is simple : Agreement on the price and disagreement on value ( sell/buy ) nothing more complicated than that lol
You are more of an expert than I am but I do believe that transaction volume plays a role in spreads (higher volumes lead to tighter spreads). In any event one can always set a target price and simply wait for a fill to eliminate the spread.


[edit] As I watch volume drop on TradingView and spreads widen...
Yeah I know not the best indicator.
  • #755,664
  • Jul 3, 2023 9:55pm Jul 3, 2023 9:55pm
Quoting dantpm
{quote} You are more of an expert than I am but I do believe that transaction volume plays a role in spreads (higher volumes lead to tighter spreads). In any event one can always set a target price and simply wait for a fill to eliminate the spread.
Hi dant, absolutly! volume is the soul, because without volume there will be no transactions, hehe

anyway, in forex it would be more valid to replace volume information with the market volatility, everybody already knows the reason
https://breakpullback.com
  • #755,665
  • Jul 3, 2023 9:59pm Jul 3, 2023 9:59pm
Quoting dantpm
{quote} You are more of an expert than I am but I do believe that transaction volume plays a role in spreads (higher volumes lead to tighter spreads). In any event one can always set a target price and simply wait for a fill to eliminate the spread. [edit] As I watch volume drop on TradingView and spreads widen... Yeah I know not the best indicator.
We can eliminate the spread with the type of account a broker offer but comes with commission per lot to trade.
Also, spread depends how tight your SL and TP is. If your SL is 5 pip and TP is 15 pip type of trading, spread plays crucial role. Higher timeframe trader risking 20-30 pip for 60-110pips,spread is not a great deal, your entry will only deviate by at most 3pips(at timeof low volume-before Tokyo) from your POI.
Cannt always get it to the perfect entry.
More time in the market, does not mean you trade better!
  • #755,666
  • Jul 3, 2023 9:59pm Jul 3, 2023 9:59pm
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}
Date : 04/07/2023
GMT Time : 04:56 AM

Came back after almost 8 Hours and nothing much has changed since.

Price Action : Bullish since : 30.06.2023
Require to break and hold above : 1.27220
Bella's Support : 1.26656

Bella's Blue
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Goddess of Thunder..
  • #755,667
  • Jul 3, 2023 10:21pm Jul 3, 2023 10:21pm
bought more AUDUSD on this dip.....core inflation is still way too high!!
  • #755,668
  • Jul 3, 2023 10:22pm Jul 3, 2023 10:22pm
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  • #755,669
  • Edited 10:48pm Jul 3, 2023 10:33pm | Edited 10:48pm
Quoting eyefeelsix
{quote} Hi dant, absolutly! volume is the soul, because without volume there will be no transactions, hehe anyway, in forex it would be more valid to replace volume information with the market volatility, everybody already knows the reason
I used to use NETSTATION from net dania great platform volumes on all currency crosses now they want 195 euro a month silly... not can't afford it used to be free for years screw them...
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  • #755,670
  • Jul 3, 2023 10:34pm Jul 3, 2023 10:34pm
Quoting TheWraith
Fundamentally, nothing changed. 44% of traders Long/ 56% of traders Short (41% of traders were Long before, +3%) Higher than normal chance of price Ranging. {image}
what an IDIOT!!!!!
  • #755,671
  • Jul 3, 2023 11:00pm Jul 3, 2023 11:00pm
Quoting Fardeen1209
{quote} We can eliminate the spread with the type of account a broker offer but comes with commission per lot to trade. Also, spread depends how tight your SL and TP is. If your SL is 5 pip and TP is 15 pip type of trading, spread plays crucial role. Higher timeframe trader risking 20-30 pip for 60-110pips,spread is not a great deal, your entry will only deviate by at most 3pips(at timeof low volume-before Tokyo) from your POI. Cannt always get it to the perfect entry.
With a standard account where you don't pay commissions the spreads, from my broker are the basic spreads plus the commission plus 50% more for the privilege of not paying a commission.
With a raw account where you pay a commission the basic spreads vary from 0 (rarely with EURUSD and higher with every other pair) and up depending on the pair that you are trading. 3 pips of 30 points and higher is a wicked spread in my opinion and that type of spread with a USD pair only occurs at the end/beginning of the day! I typically make a decision outside of the end of day timeframe about whether or not I want to hold a trade 'overnight' because of spreads that often get to 20 pips!
  • #755,672
  • Jul 3, 2023 11:05pm Jul 3, 2023 11:05pm
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mixed bag see u later catch some
  • #755,673
  • Jul 3, 2023 11:16pm Jul 3, 2023 11:16pm
Quoting ninner
{quote} dont worry, i dont find your posts too valuable either!!!
I asked you a couple of times already to share you chart and you are refusing to do it. I don't think you are trading at all. Prove me wrong.
  • #755,674
  • Jul 3, 2023 11:19pm Jul 3, 2023 11:19pm
i manage to enter at the perfect place while interest rate in Australia came out
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yes yes yes
  • #755,675
  • Jul 3, 2023 11:20pm Jul 3, 2023 11:20pm
Quoting ninner
{quote} what an IDIOT!!!!!
Why am I an idiot? I warned all people here to expect price to Range yesterday before everyone else and you're saying I'm an idiot? Well, go fuc' yourself!

How do you contribute to this forum? You never shared anything helpful here. Walk away!
  • #755,676
  • Jul 3, 2023 11:23pm Jul 3, 2023 11:23pm
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yes yes yes
  • #755,677
  • Jul 3, 2023 11:24pm Jul 3, 2023 11:24pm
Quoting dantpm
{quote} With a standard account where you don't pay commissions the spreads, from my broker are the basic spreads plus the commission plus 50% more for the privilege of not paying a commission. With a raw account where you pay a commission the basic spreads vary from 0 (rarely with EURUSD and higher with every other pair) and up depending on the pair that you are trading. 3 pips of 30 points and higher is a wicked spread in my opinion and that type of spread with a USD pair only occurs at the end/beginning of the day! I typically make a decision...
hi Dan, i have question maybe it's stupid question
if we lose trade is our money goes to broker or what?
I'm newbie
Thanks
my loss is your gain
  • #755,678
  • Jul 3, 2023 11:27pm Jul 3, 2023 11:27pm
Quoting TheWraith
GBP/AUD (Since GBP/USD will be as good as dead today also, we have to find opportunities elsewhere). {image}
So, the price went to test the Last Sell.
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  • #755,679
  • Jul 3, 2023 11:31pm Jul 3, 2023 11:31pm
Quoting Bella.al
{quote} Date : 04/07/2023 GMT Time : 04:56 AM Came back after almost 8 Hours and nothing much has changed since. Price Action : Bullish since : 30.06.2023 Require to break and hold above : 1.27220 Bella's Support : 1.26656 Bella's Blue {image}
Current Rate : 1.27038
wow, price is climbing up,

Time to Wear my Armor , Lets see if we can break above the 1.27220 level.

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Goddess of Thunder..
  • #755,680
  • Jul 3, 2023 11:34pm Jul 3, 2023 11:34pm
Quoting Bogdanoff
{quote} hi Dan, i have question maybe it's stupid question if we lose trade is our money goes to broker or what? I'm newbie Thanks
When you place a trade to buy or sell an item there is another party to the transaction, the person that sells you the item or buys it from you. Your money goes to them if you buy something, comes from them if you sell something.
The other party might be your broker, it might be another trader, it might be a financial institution, it might be a trading computer.
Typically brokers and trading computers aggregate or group trades together offsetting buys and sells or batching them to close other deals.
So the answer is the money goes to your broker on the way to someone else typically.
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