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Cable Update (GBPUSD)

  • #758,601
  • Jul 14, 2023 1:16pm Jul 14, 2023 1:16pm
Quoting Whale
{quote} שבת שלום שבוע הבא יהיה יותר טוב
גם לך אח יקר
הכל תלוי בי בסוף , אם אהיה ממושמע ולא עקשן וחסר סבלנות ,ההצלחה זה רק עניין של זמן
yes yes yes
  • #758,602
  • Jul 14, 2023 2:47pm Jul 14, 2023 2:47pm
bina quiet riot see u next week joystick
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  • #758,603
  • Jul 14, 2023 2:54pm Jul 14, 2023 2:54pm
Very poor movements today, only one set shorts not move enough! Better close arounds. May continue correction next week.!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #758,604
  • Jul 14, 2023 3:07pm Jul 14, 2023 3:07pm
Quoting ScalaFX
sell GU 3120, revenge trade some bigger lot, hope for a some drop
Im added 3130 when this triple top was forming but no time to post sorry, anyway both positions protected and taken partial to normal size position
People don't plan to lose. They lose because they don't plan.
  • #758,605
  • Jul 14, 2023 3:20pm Jul 14, 2023 3:20pm
Quoting Moty
This day is a dead end 48 pips adr, lost some to the rangy crooky move I'm happy to finally finish 1 day in profit after losing all week 5 deposites, 4 losing days {image} {image}
the day is active in the last hour of closing day.

Bastards, I closed all my sell trades at 3117.

Now the price 3092.
Intraday only.
  • #758,606
  • Jul 14, 2023 4:00pm Jul 14, 2023 4:00pm
Quoting Whale
dxy swing lows refers to daily old swing low {image}
I’ve seen head and shoulders plays over the years and the consolidation to the left of the dip does not match the consolidation to the right. That looks more like slowing momentum to me
be a thinker before being a reacter
  • #758,607
  • Jul 14, 2023 5:49pm Jul 14, 2023 5:49pm
Quoting Yngwie
Last short for this week 1.3118 SL 1.3150
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #758,608
  • Jul 14, 2023 8:31pm Jul 14, 2023 8:31pm
Quoting boodvah
{quote} what round numbers are inside the 4h fvg?
Round numbers exist within many segments. I notice that people like to use "the round numbers" approach. This is funny because if you're like me, who has traded using both a 5 digit and 4 digit broker relay, a "round number" can be more than just 00 or 50 or straight 25's. JUST a thought. So while many here think GBPUSD isn't or hasn't "moved today", try looking at it as a market sees it. I think it's hilarious that people think ANY timeframe is noise. It shows how limited their understanding really is in real life.

Peter
Real Trading is not gambling.
  • #758,609
  • Jul 14, 2023 8:33pm Jul 14, 2023 8:33pm
Quoting BeeTogether
{quote} you could be right, however it is Friday and we all know on Fridays crazy shit happens. We haven’t had a bearish day this week in fact any bearish vibe was fitted with a rocket up it arse.. that said a range day could be the bearish vibe as movement could be exhausted
Fridays are the best time to test yourself. You're mistaken re: not having a "bearish day" with GBPUSD. Please go and have another look.
Real Trading is not gambling.
  • #758,610
  • Jul 14, 2023 8:42pm Jul 14, 2023 8:42pm
Quoting dantpm
{quote} How about a trigger for what the MM's want to do and the traders 'more typically' try to react to the data in the news. Todays sentiment makes no sense. After the consumer credit and with all of the recession chatter I am not sure where the sentiment was found! Look also at the inconsistencies with the employment numbers!

WHAAAAAT!!? You mean the "data" doesn't match the 'before, during and after procession" of "the markets" ????? Noooooo!!!???

So data does NOT in fact generate "movement" ??????!!!!! WHAAAAATTTTT!!??????

Helpful Hint >>>>>> Look and observe!! Real life's the same ==>>>> Look both ways before crossing a busy street/roadway. Why? Because doing it the other way is to be a real moron. And dead......roadkill........maggotbait ......... am I making the point clear enough YET ?? Fakin' it til you "make it" is suicide.

Hihihihihi. Enjoy.

Peter
Real Trading is not gambling.
  • #758,611
  • Jul 14, 2023 8:44pm Jul 14, 2023 8:44pm
Quoting pipfarm
{quote} Not closed inside H4 at the moment, only opened but that is enough to put me off any more longs
What about follow throughs?
Real Trading is not gambling.
  • #758,612
  • Jul 14, 2023 8:47pm Jul 14, 2023 8:47pm
Quoting pipfarm
{quote} Still no guarantees they will go down , trying to trade a correction is like trying to navigate spaghetti junction
then stop "framing it" AS a "correction" and try looking again.
Real Trading is not gambling.
  • #758,613
  • Jul 14, 2023 8:49pm Jul 14, 2023 8:49pm
Quoting navk
{quote} To me no bouncer. Not enough volume to push thro bears at the moment. But some time today or Monday it will push thro down
As at the 7-8th hr of trading yesterday, GBPSUD was in a downturn. Take another look and try different perspective.
Real Trading is not gambling.
  • #758,614
  • Jul 14, 2023 10:23pm Jul 14, 2023 10:23pm
Quoting PeterCaleb
{quote} Round numbers exist within many segments. I notice that people like to use "the round numbers" approach. This is funny because if you're like me, who has traded using both a 5 digit and 4 digit broker relay, a "round number" can be more than just 00 or 50 or straight 25's. JUST a thought. So while many here think GBPUSD isn't or hasn't "moved today", try looking at it as a market sees it. I think it's hilarious that people think ANY timeframe is noise. It shows how limited their understanding really is in real life. Peter

my understanding of round numbers is any number that is a whole number. Psychological numbers affect many human mindsets. I owe you $97.37 but I’ll just pay you either $97, $98, or $100 because I don’t wanna count the change. It’s just a simple concept that historically humans react to. In the markets, participants (if they are aware) would likely place orders near a round number because usually price is reacting around a round number. Price actions develop around significant levels and I feel like a large institutional body has way too much capital to worry about loose change. I think the round number is a fluid concept that can be applied to the markets. They are not a holy grail but to me they hold weight. It’s all about how the are utilized. I chose to be a lazy trader and take what the markets give. I don’t wanna be a subjective participant. I let the market give me the clues I don’t wanna make my own.
be a thinker before being a reacter
  • #758,615
  • Jul 14, 2023 10:41pm Jul 14, 2023 10:41pm
Quoting boodvah
{quote} my understanding of round numbers is any number that is a whole number. Psychological numbers affect many human mindsets. I owe you $97.37 but I’ll just pay you either $97, $98, or $100 because I don’t wanna count the change. It’s just a simple concept that historically humans react to. In the markets, participants (if they are aware) would likely place orders near a round number because usually price is reacting around a round number. Price actions develop around significant levels and I feel like a large institutional body has way too...
OK. I could respond with a lot but won't. I think you've just brought to the surface my point inherent in the idea of round numbers. Being subjective without realizing you're being subjective. Have you ever tried to find a real coin with heads or tails on both sides? Does not usually exist. Just a simple note. 4 digit round numbers exist as much as the stereotypical ones. Something to consider when the market you trade under or over shoots a "round number". Lazy or not, it's there to appreciate. It's why I find it funny when people use pivots but think it relates to the chart you put them on. If one does that, it's only one quarter to half the "story" or equation. Pivots usually over and under shoot as well. Same with "fib extension levels". But never the question "What's missing from this view?"

Anyways, there you go.

Peter
Real Trading is not gambling.
  • #758,616
  • Jul 14, 2023 11:20pm Jul 14, 2023 11:20pm
gbp is still undervalued fundamentally with respect to the usd...so it is still a buy on dips!!! BUY THE FUCKING DIP !!!!!
  • #758,617
  • Jul 14, 2023 11:45pm Jul 14, 2023 11:45pm
Quoting PeterCaleb
{quote} OK. I could respond with a lot but won't. I think you've just brought to the surface my point inherent in the idea of round numbers. Being subjective without realizing you're being subjective. Have you ever tried to find a real coin with heads or tails on both sides? Does not usually exist. Just a simple note. 4 digit round numbers exist as much as the stereotypical ones. Something to consider when the market you trade under or over shoots a "round number". Lazy or not, it's there to appreciate. It's why I find it funny when people use pivots...
To each their own. But tell me, what do you think I should consider when evaluating my method? People preach to use price action instead of lagging price derivative indicators. That’s what I do. I use just price. You ever heard of Occam’s razor? Basically it means less is more. I feel if I add more then I’m missing the true view. Open low high close + round # is price at the core. How could I be subjective when I don’t make my own levels? I trade based on organic levels the markets create. You may be right tho, as I don’t have the whole story as you say. But I think I have enough to use for a positive outcome. I’d you will you can do me for intelligent conversation as to not clog up the thread. I’m very open to discussion. Debate is actually healthy, it’s just not for the weak. Let’s bounce ideas or exchange dialogue. You seem intelligent. I may learn a thing or two
be a thinker before being a reacter
  • #758,618
  • Jul 15, 2023 12:05am Jul 15, 2023 12:05am
Quoting boodvah
{quote} I’ve seen head and shoulders plays over the years and the consolidation to the left of the dip does not match the consolidation to the right. That looks more like slowing momentum to me
This is not head and shoulders or whatever you wanna call it

Maybe the correlation will help you
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  • #758,619
  • Jul 15, 2023 3:19am Jul 15, 2023 3:19am
what thought , usdx continued bear in strong hand and as consolidated trues was of enormous times , should continue bear uninterrupted till towards 93!! so big ups in others against usdx.

gu , bull target minimum still to reach 3159 , having immediate limit 2999 for targets tl 3500+ , real bull target goes above 3748 but directly there , as year still not considering bull , but still very ok at long leg doji last yearly !!
lets see , take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #758,620
  • Jul 15, 2023 3:29am Jul 15, 2023 3:29am
Quoting TheWraith
{quote} If price is trending up, look on the left where the last closest Sell ended. Vice versa for price trending down. Range, tops and bottoms. {image}
Forecast was correct. Although, price dropped a little bit under 1.26 before it went to 1.30.
All in all, this forecast was useless, because I didn't act on it. Therefor forecasting is always useless if one doesn't act on it.

Haha
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