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Cable Update (GBPUSD)

  • #758,341
  • Jul 13, 2023 5:04pm Jul 13, 2023 5:04pm
Quoting PeterCaleb
{quote] Previous posts around done by me show and explain how I see things and do things. It's no secret. Peter
Peter you could use this thread for your big reveal: show your forex trading mastery by posting a chart, some analysis, and a trade or two. This is an opportunity for you to stop the senseless non-sequitor bullshit and provide some clarity. Just post the forex trades that got you the 5% today. Bond trading? Compound interest? Try to stay on message. Start a thread on bond trading and I'll teach you something about pricing bonds there. But the focus here is on the price of GBP crosses. Show a trade from today, even if it was a loss. Explain why you took the trade. This is only difficult for a fake, fraud and liar.
  • #758,342
  • Jul 13, 2023 5:43pm Jul 13, 2023 5:43pm
Quoting Ferna
{quote} It looks like a short. But fundamentally, if we are at a crossing-point where people are trying to secure their money due to digitalization of currencies and government intervention. Wouldn't they try tie up their money into something of value, such as stocks, gold, commodities etc? Do you have any good explaination for the rapid decline of the dollar this week? i know i don't
The cpi figures that came out this week were softer than expected by the markets and pundits such as Bloomberg etc. soft cpi means lower interet rate sooner, means lower USA dollar. Good for US economy bad for the dollar. There are plenty of news items on it if you search. Technical and fundemantal analasys often is at divergence.
The DXY gave few clues it could go either way, if you look at the chart.
Its all just one persons opinion
  • #758,343
  • Jul 13, 2023 5:46pm Jul 13, 2023 5:46pm
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8may target near time to sell it ??
  • #758,344
  • Jul 13, 2023 6:33pm Jul 13, 2023 6:33pm
Quoting Ferna
{quote} I meant options, you know Puts/calls and stuff for FX. https://www.barchart.com/options
You can find on CME Group
  • #758,345
  • Jul 13, 2023 7:40pm Jul 13, 2023 7:40pm
Come on Cable give me a kiss to 1.31000 this asian session.....
Extreme gut feeling trader
  • #758,346
  • Jul 13, 2023 7:59pm Jul 13, 2023 7:59pm
Quoting Fx3423454
{quote} NZDUSD now +2.68% from data release and still going...
YEAH I know !! Maybe it's coz the machines are making baby robots that are tweeting about the new data coming out on forex factory etc and they're all lining up 'round the block' for a feed. It's CRAZY right!! To hell with those pesky human things! Who needs 'em!

If you do not understand the basic building blocks of your own society, then OF COURSE you'll see a "correlation" toward data releases and a derivative moving. Trading data "BECAUSE OF" data is for suckers. It didn't back in the 1920's, it didn't work 1000yrs ago in society, it still doesn't work. Why? Data needs a source. Data cannot make "little baby datas" on its own. Therefore it's not gong up coz of data.

I think it's funny when the children believe fruit and vege "come from the supermarket".

Just as a side note - I already have my 5.1% for NZD for the day and that's without falling head over heels for "data releases".

Cheers.

I hope someone learned something today.


Happy learning and trading

Peter
Real Trading is not gambling.
  • #758,347
  • Jul 13, 2023 8:11pm Jul 13, 2023 8:11pm
Quoting GEfx
{quote} Peter you could use this thread for your big reveal: show your forex trading mastery by posting a chart, some analysis, and a trade or two. This is an opportunity for you to stop the senseless non-sequitor bullshit and provide some clarity. Just post the forex trades that got you the 5% today. Bond trading? Compound interest? Try to stay on message. Start a thread on bond trading and I'll teach you something about pricing bonds there. But the focus here is on the price of GBP crosses. Show a trade from today, even if it was a loss. Explain...
Been there done that for you already. You? Pricing Bonds? If I want to go to school with you I'll join a night class. That'd be about your speed and tolerance.

As for the 5% thing again and my trades. I use common sense not greed gradients for my trading. Idiots will never see light of day so as I've seen re: you previously, it's a waste of time scab. This is a public website why the fuck would I show everything I do ?? Only inbred scabs and leeches keep pushing to see something.

If I use everything I've seen through you as a gauge on what you "know how to do" toward trading, I would be going in circles on these sites forever. Re: treasuries - you really don't have a bloody clue about money or economies do you. Treasuries are seated right next to GBP AND USD AND EURO. But it's a senseless effort to try and educate some dumbass who cannot see connections unless it's literally a point A to point B line right in front of you.

In real life I would have no time for you. You have the attitude of a pig with its head shoved in the trough.

Have fun.

Peter
Real Trading is not gambling.
  • #758,348
  • Jul 13, 2023 8:16pm Jul 13, 2023 8:16pm
GU

Are we there yet ?

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #758,349
  • Jul 13, 2023 8:25pm Jul 13, 2023 8:25pm
Quoting PeterCaleb
The pound is ripe for a tussle. {image} Trading reflects your thinking. I like the GBPUSD ..... it moves a lot.

Oh look ...... a tussle building. Follow the large green zone back on say, the 4h chart and watch what it runs into...... pricing overlap ...... congestion.


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Enjoy the day.

Peter
Real Trading is not gambling.
  • #758,350
  • Jul 13, 2023 8:32pm Jul 13, 2023 8:32pm
Quoting PeterCaleb
{quote} YEAH I know !! Maybe it's coz the machines are making baby robots that are tweeting about the new data coming out on forex factory etc and they're all lining up 'round the block' for a feed. It's CRAZY right!! To hell with those pesky human things! Who needs 'em! If you do not understand the basic building blocks of your own society, then OF COURSE you'll see a "correlation" toward data releases and a derivative moving. Trading data "BECAUSE OF" data is for suckers. It didn't back in the 1920's, it didn't work 1000yrs ago in society, it...
Take a look at movements of stocks when they release earnings. The violent price action is down to the milliseconds after the release and it usually happens when the stock market isn't even open!

If that doesn't convince you then nothing will.

Inserted Video
Trade at your own risk.
  • #758,351
  • Jul 13, 2023 8:44pm Jul 13, 2023 8:44pm
Quoting Pat Chiko
GU Are we there yet ? {image}
Probably there some move left towards up
The season al tendency of GU is to fall from mid July to sept
Agressive fall
  • #758,352
  • Jul 13, 2023 8:47pm Jul 13, 2023 8:47pm
Quoting Fx3423454
{quote} Take a look at movements of stocks when they release earnings. The violent price action is down to the milliseconds after the release and it usually happens when the stock market isn't even open! If that doesn't convince you then nothing will. https://youtu.be/iL1XEPJL4ps
There, you're only showing your lack of experience. Take another look from a different perspective of what you just wrote and consider WHY WHY WHY someone like ME (not YOU) would NOT trade that release. Instead of allowing stubborn belief thinking to spoil your view. No psychobabble just pure common sense. Ask why wouldn't I (Peter) not mix in there?

If you want "action" go to a strip club or casino. It's more fun and you know ahead of time what the outcome will be. But jumping in when all the schmucks "want in" is reckless and ignorant.

You might want to go do some more proper research as to what else is happening during off-market times or pre-meeting times buddy. And please don't try to point me to a "youtube video". I've been involved in stocks etc for a long time. I don't need youtube to "edumucate me".


Peter
Real Trading is not gambling.
  • #758,353
  • Jul 13, 2023 9:18pm Jul 13, 2023 9:18pm
Quoting Pat Chiko
{quote} SHORT ?. I copy you Bro. Thanks{image}

So you both are getting hammered again!!! LOL
  • #758,354
  • Edited 9:52pm Jul 13, 2023 9:23pm | Edited 9:52pm
Quoting Fx3423454
{quote} Take a look at movements of stocks when they release earnings. The violent price action is down to the milliseconds after the release and it usually happens when the stock market isn't even open! If that doesn't convince you then nothing will. https://youtu.be/iL1XEPJL4ps
Of course you ae correct about market reaction to FA releases. Everyone knows this, and here in the US, many of us watch CNBC or Bloomberg during FAs, and then listen to their analysis of how the FA impacted various markets. It is an indisputable fact, and disputing it is....not smart.

Peter first said: "If you do not understand the basic building blocks of your own society, then OF COURSE you'll see a "correlation" toward data releases and a derivative moving." He believes you see correlation because you lack an understanding of building blocks (whatever the hell that is). He concludes with, "Therefore it's not gong up coz of data."

In his next post, he changes his message to: "Take another look from a different perspective of what you just wrote and consider WHY WHY WHY someone like ME (not YOU) would NOT trade that release. Instead of allowing stubborn belief thinking to spoil your view." So now, he claims he does not trade announcements, apparently because of the correlation between the release and market movement.

You said nothing about trading FAs, just that they cause movements in the markets. This gave Peter an opportunity to aim one of his baseless invectives at you, while posing as a deep thinker when he stated his bullshit about layers and blocks (this is a topic that he brings up from time to time, and I have beaten him about the head and shoulders to point out how stupid and senseless it is).

In summary, you are right and he is stupid.
  • #758,355
  • Jul 13, 2023 9:35pm Jul 13, 2023 9:35pm
Quoting PeterCaleb
{quote} Re: treasuries - you really don't have a bloody clue about money or economies do you. Treasuries are seated right next to GBP AND USD AND EURO.
Peter, I said I'd be happy to teach the fundamentals of bond pricing. You brought up something about the seating arrangement of Treasuries, GBP. USD, and EURO. That makes no sense to me, unless you are making reference to how bond and currency pricing share some of the same embedded space in finance (other financial products share the same space, too). I recommend that you practice what your preach in your objective thinking thread, and maybe start thinking clearly, then writing clearly. That small hot mess brewing in your otherwise empty head comes across in your writing.
  • #758,356
  • Jul 13, 2023 10:11pm Jul 13, 2023 10:11pm
Quoting Ferna
{quote} Actually i might be wrong on this. If i go back to what i been saying for a long time: the issuing of a new currency will devalue it’s old currency. This is what happened in 100% of cases throughout history, why would this be an exception? China, Japan U.K and the Cayman islands owns almost a 1/3 of U.S debt issued through treasury bills, notes etc. The U.S debt is unsustainable for U.S, solution? - Issue a new currency(the outstanding debt is in USD not Digital dollar). Thus the debt can be re-paid to the holders of U.S securities, by printing...
Or capital flowing from UJ to GU for carry trades?
As BOE is projected to have higher interest rate in future.
More time in the market, does not mean you trade better!
  • #758,357
  • Jul 13, 2023 10:26pm Jul 13, 2023 10:26pm
Quoting Surya108
{quote} Probably there some move left towards up The season al tendency of GU is to fall from mid July to sept Agressive fall
also on the short side of the trade here. Technical says it's been up there for too long already on the daily, weekly, and monthly.

I'm more interested on how low it can get.
"No trade is still a trade." - Peter Borish
  • #758,358
  • Jul 13, 2023 10:27pm Jul 13, 2023 10:27pm
Quoting Lbrto
{quote} also on the short side of the trade here. Technical says it's been up there for too long already on the daily, weekly, and monthly. I'm more interested on how low it can get.
Trends can go longer than you think in the forex market!!!
  • #758,359
  • Jul 13, 2023 10:37pm Jul 13, 2023 10:37pm
Quoting ninner
{quote} Trends can go longer than you think in the forex market!!!
bracing for that...
"No trade is still a trade." - Peter Borish
  • #758,360
  • Edited 11:34pm Jul 13, 2023 10:38pm | Edited 11:34pm
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ok thanks man!!! No offense but there is so much stuff on your chart it is hard to see the price but as long from MR2 as you know what is going on that is the important thing. P/A party ninety ninner...DIX codes available mister 2 wake right up...bin doin this 22 years or longer have fun it with win or lose high fidelity issues @ the embassies ...Uknow where to kick the bucket f it castreau...brainstorming welcome...if u want rain...or droughts AFD show ers don't let jews start screaming antisemitism...see how they play the game in the ukraine...divide & conquer
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