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Cable Update (GBPUSD)

  • #765,801
  • Aug 10, 2023 1:10am Aug 10, 2023 1:10am
Quoting TheWraith
{quote} This is all theoretically possible, but not as possible in practice hahah. Being constantly profitable... professional traders don't have more than 65, 70% of winning trades, but they make money due to a very good money management strategy and proven to be good system they use that give them slightly more chance than 50/50 on each trade. 5% a day is how much per year? How much money would one have by doing 5% every trading day? We're talking about all existing US Dollars in the world and then some! 5% is simply not true than. Maybe...
I believe that the market would recognize 'trades' that are held and simply trade against them.
  • #765,802
  • Aug 10, 2023 1:10am Aug 10, 2023 1:10am
Quoting Fardeen1209
{quote} I no longer trade cross pair as i dont get a consistent result from them. Stick to GU,EU,AU and UJ at the moment. Next pair will be UCHF- took couple trades there seems to give a consistent result and less spike out of nowhere.
then i would buy uchf and hold that...you get the a great carry on it as well.
  • #765,803
  • Aug 10, 2023 1:24am Aug 10, 2023 1:24am
Quoting dantpm
{quote} It isn't the broker's money, its the market's money. This market money also has to come from somewhere. Imagine what pulling this much out of the market would do to the debt levels of the various governments.
Market make broker may not be interested to pay.
Intraday only.
  • #765,804
  • Aug 10, 2023 1:27am Aug 10, 2023 1:27am
plotting pa before start for the day ,now bull , correction target 2751 + , again not necessarily round bottom to do may in 2 legs up and even breaks up 2751 may interest another leg down too . to sides having little boger ranges , take care
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #765,805
  • Aug 10, 2023 1:31am Aug 10, 2023 1:31am
Quoting navk
{quote} Market make broker may not be interested to pay.
The algorithms controlling trading and the various central banks would be working aggressively against positions in the market that would allow pulling this kind of liquidity out of the market or the system would simply collapse.
  • #765,806
  • Aug 10, 2023 1:34am Aug 10, 2023 1:34am
short 2731...target open..will close before cpi
  • #765,807
  • Aug 10, 2023 1:38am Aug 10, 2023 1:38am
Quoting dantpm
{quote} The algorithms controlling trading and the various central banks would be working aggressively against positions in the market that would allow pulling this kind of liquidity out of the market or the system would simply collapse.
LOL... OH LORD!!!!!
  • #765,808
  • Aug 10, 2023 1:49am Aug 10, 2023 1:49am
Morning all
yesterdays daily candle showing downward pressure, so looking for shorts
Attached Image (click to enlarge)
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  • #765,809
  • Aug 10, 2023 1:51am Aug 10, 2023 1:51am
Will I be able to get out of my mess this time before the red folder news? We shall see...
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I have no clue where it's going
  • #765,810
  • Aug 10, 2023 2:06am Aug 10, 2023 2:06am
Added EUR/CAD Long as I said I would.
  • #765,811
  • Aug 10, 2023 2:08am Aug 10, 2023 2:08am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 12 KB
yes yes yes
  • #765,812
  • Aug 10, 2023 2:13am Aug 10, 2023 2:13am
Quoting TheWraith
Added EUR/CAD Long as I said I would.
DONT really like this trade since....oil has been strong and seems to be getting stronger and flows have been going into the euro complexes.
  • #765,813
  • Aug 10, 2023 2:19am Aug 10, 2023 2:19am
Quoting ninner
{quote} DONT really like this trade since....oil has been strong and seems to be getting stronger and flows have been going into the euro complexes.
Sometimes Oil for CAD, China for AUD etc doesn't make a difference.
  • #765,814
  • Aug 10, 2023 2:20am Aug 10, 2023 2:20am
Quoting TheWraith
{quote} Sometimes Oil for CAD, China for AUD etc doesn't make a difference.
not for long though oil is highly correlated to the canadian dollar LOL
  • #765,815
  • Aug 10, 2023 2:21am Aug 10, 2023 2:21am
Morning all, 127 didn’t break overnight and despite what looks like good uS data expected later we have a spike. Is this rise a liquidity grab?
Insane in the Brain..
  • #765,816
  • Aug 10, 2023 2:21am Aug 10, 2023 2:21am
GBP/USD

15M Long
30M Long
Hourly Just Confirmed Long
H4 About To Confirm Long

If H4 Candle closes above 1.275, Bulls are taking it away today.

Perhaps low was 1.263... because it seems that today, we are going up.
  • #765,817
  • Aug 10, 2023 2:22am Aug 10, 2023 2:22am
Quoting ninner
{quote} not for long though oil is highly correlated to the canadian dollar LOL
We'll see if trade will hit TP before it starts making difference.
  • #765,818
  • Aug 10, 2023 2:22am Aug 10, 2023 2:22am
Quoting voeltoez
short 2731...target open..will close before cpi
add short 2751
  • #765,819
  • Aug 10, 2023 2:23am Aug 10, 2023 2:23am
Quoting TheWraith
{quote} We'll see if trade will hit TP before it starts making difference.
best of luck with it.....where is that Peter Caleb fella.....hey fella , i am up 7 percent today LOL LOL LOL
  • #765,820
  • Aug 10, 2023 2:24am Aug 10, 2023 2:24am
Quoting Moty
{image} {image}
So that's your final answer line &sinker
average dude treading water
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