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Cable Update (GBPUSD)

  • #755,681
  • Jul 4, 2023 1:36am Jul 4, 2023 1:36am
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
And here it comes: the famous withholding of information or the braindead oversimplification of it making it useless.

Atleast ICT offers strategy and an explaination on when and why price moves, instead of a hundreds of years old market model that is more misleading to new traders than anything else.
You have an IQ lower than 90 if you interact with this user.
  • #755,682
  • Jul 4, 2023 1:39am Jul 4, 2023 1:39am
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...
20 pips!!!
More time in the market, does not mean you trade better!
  • #755,683
  • Jul 4, 2023 1:40am Jul 4, 2023 1:40am
Quoting TheWraith
{quote} 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!
Nyny is just a dreamer, he got only demo account
People don't plan to lose. They lose because they don't plan.
  • #755,684
  • Jul 4, 2023 1:44am Jul 4, 2023 1:44am
Quoting TheWraith
{quote} 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!
I bet by now he is up $20K for the day
More time in the market, does not mean you trade better!
  • #755,685
  • Jul 4, 2023 1:46am Jul 4, 2023 1:46am
Quoting Moty
{image} {image}
I see you ignore Sunday bar on your charts
How can i ignore it?
Is it an indicator?
Allow the Market to get to your target entry...
  • #755,686
  • Jul 4, 2023 1:48am Jul 4, 2023 1:48am
Quoting Fardeen1209
{quote} I bet by now he is up $20K for the day
He come and post that he is 30k plus
People don't plan to lose. They lose because they don't plan.
  • #755,687
  • Jul 4, 2023 1:49am Jul 4, 2023 1:49am
Are GBPUSD and EURUSD positively correlated?
What is their degree of correlation?
Allow the Market to get to your target entry...
  • #755,688
  • Jul 4, 2023 1:57am Jul 4, 2023 1:57am
Quoting sexypips
Are GBPUSD and EURUSD positively correlated? What is their degree of correlation?
The USD component of GU and EU supplies the positive correlation.
Here are the fixed rates:
https://www.investopedia.com/terms/u...20franc%20(CHF).

Doesn't mean they both move in the same direction!
  • #755,689
  • Jul 4, 2023 2:01am Jul 4, 2023 2:01am
Just added new sell position with 4.0 lot at 2708
target 2600
  • #755,690
  • Jul 4, 2023 2:01am Jul 4, 2023 2:01am
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
If u were selling, it goes to the buyer and vice versa.
  • #755,691
  • Jul 4, 2023 2:08am Jul 4, 2023 2:08am
Quoting sexypips
{quote} I see you ignore Sunday bar on your charts How can i ignore it? Is it an indicator?
my chart doesn't ignore the Sunday 3 hours candle
Attached Image (click to enlarge)
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yes yes yes
  • #755,692
  • Jul 4, 2023 2:10am Jul 4, 2023 2:10am
Could be a ranging day (US Holiday)
Attached Image (click to enlarge)
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My Bias BO to the UP (HL returning to Resistance zone- 4hr)
More time in the market, does not mean you trade better!
  • #755,693
  • Jul 4, 2023 2:10am Jul 4, 2023 2:10am
NINNER is that you shopping at Home Depot...
Attached Image (click to enlarge)
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  • #755,694
  • Jul 4, 2023 2:10am Jul 4, 2023 2:10am
Quoting TheWraith
{quote} 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!
hey moron did you buy audusd on the dip ??? I sure did dipshit
  • #755,695
  • Jul 4, 2023 2:17am Jul 4, 2023 2:17am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 14 KB
yes yes yes
  • #755,696
  • Jul 4, 2023 2:22am Jul 4, 2023 2:22am
Quoting Moty
{image}
lol
  • #755,697
  • Jul 4, 2023 2:24am Jul 4, 2023 2:24am
Quoting briancollins
{quote} If u were selling, it goes to the buyer and vice versa.
If you lose the market maker wins. They set up an trade in the opposite direction of yours(a hedge) due to statistically retail traders make bad trades and 80% lose.
Also since this can sometimes lead to zerosum for them they really need the spread to survive, this is why they are engaged in uour trading since they want u to make as many trades as possible.

Imagine if you make 3000 trades in a year and the spread is 1 pip, that’s 3000ips for them +your failure rate.

This is also why they are here promoting faulty trading or fanciness, cause they want to make impulsiveness a conditioned response.
They never give anyone an edge. Their goal is as many transactions and losses as possible cause that requires the least amount of work.

On the other side is the winning trader which may require supervision from staff, is copy-traded and gives away less spreads. This kind of person is a nuisance to brokers due to the time involved and the money lost if that traders goes on a big trade and loses. It is an statistical outlier but can quickly eat up the brokers account due to the leverage involved.

I hope this helps.
/Ferna
You have an IQ lower than 90 if you interact with this user.
  • #755,698
  • Jul 4, 2023 2:25am Jul 4, 2023 2:25am
Quoting ninner
{quote} hey moron did you buy audusd on the dip ??? I sure did dipshit
Lmfao!!!
You have an IQ lower than 90 if you interact with this user.
  • #755,699
  • Jul 4, 2023 2:28am Jul 4, 2023 2:28am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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yes yes yes
  • #755,700
  • Jul 4, 2023 2:31am Jul 4, 2023 2:31am
Quoting Robinhood1
{quote} Cable Current target 1.2510 and decreasing
Current target 1.2495
POSTMASTER
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