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Cable Update (GBPUSD)

  • #767,561
  • Aug 16, 2023 1:52am Aug 16, 2023 1:52am
Adjusting TS for some pairs.
  • #767,562
  • Aug 16, 2023 1:54am Aug 16, 2023 1:54am
Quoting sajad.g
{quote} In the Wyckoff framework, the AR is an important component that often follows the completion of a distribution phase or a markdown and as you know it represents a strong bullish move that indicates the presence of significant buying pressure and potential accumulation taking place. The strength of the AR is important here. When the AR produces a clear Market Structure Shift (MSS) on the 4-hour timeframe, it suggests a shift in the balance of power from sellers to buyers. This shift is a result of increased buying interest and participation...
Ahh you explained it well. As you said, the beauty of trading lies in the subjective approach to the market. Learned the wyckoff, but i guess each person would put a different meaning to an information. This is why i asked you to confirmed what i have learned, so we come to the same conclusion of the theory.
Thanks mate
More time in the market, does not mean you trade better!
  • #767,563
  • Aug 16, 2023 1:55am Aug 16, 2023 1:55am
Quoting TheWraith
GBP/CAD hit TP. SL at zero for other half.
GBPAUD still moving up!
it will probably go down for now, but I'm just gonna move my sl to somewhere secure it and let it run above (if by any chance it does)
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  • #767,564
  • Aug 16, 2023 2:00am Aug 16, 2023 2:00am
Quoting greed
is here anyone who is short just only based on the macro fact that the CPI came in much lower than anticipated, so the whole hiking train of the BOE came to an abrupt stop..... ?!
At least looking at the macro i believe the tides have turned. the CPI came in too high and the core is not going down and also yesterday the average earnings index way too high. in addition very strong GPD last week.....in my humble view i dont see real potential for a short position.

technically in the H1 it looks a little bit like a wyckoff accumulation which broke the improtant s/r and also the decreasing trendline got broken.

i will look out for the area @~1.2840, give or take.
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  • #767,565
  • Aug 16, 2023 2:01am Aug 16, 2023 2:01am
Quoting sajad.g
{quote} GBPAUD still moving up! it will probably go down for now, but I'm just gonna move my sl to somewhere secure and let it run above (if by any chance it does) {image}
Yeah. I don't see any signs that reversal is coming any time soon.

I'll be able to add TS only after price gets to 1.983, otherwise it's still at zero.

Hopefully it continues.. these AUD and NZD trades are amazing. Pretty volatile pairs..
  • #767,566
  • Aug 16, 2023 2:13am Aug 16, 2023 2:13am
Quoting TheWraith
{quote} Yeah. I don't see any signs that reversal is coming any time soon. I'll be able to add TS only after price gets to 1.983, otherwise it's still at zero. Hopefully it continues.. these AUD and NZD trades are amazing. Pretty volatile pairs..
yeah, I send a message
  • #767,567
  • Aug 16, 2023 2:15am Aug 16, 2023 2:15am
Quoting TheWraith
{quote} Yeah. I don't see any signs that reversal is coming any time soon. I'll be able to add TS only after price gets to 1.983, otherwise it's still at zero. Hopefully it continues.. these AUD and NZD trades are amazing. Pretty volatile pairs..
Danger Danger!
yeah exactly, I've had short on AUDUSD and long on EURNZD and the volatility was just high.
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  • #767,568
  • Edited 2:48am Aug 16, 2023 2:18am | Edited 2:48am
Full margin
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Canceled PO
critical area for reverse, failed to hold below 55 i think may goes UP to 80. Margin not enought to hold
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #767,569
  • Aug 16, 2023 2:18am Aug 16, 2023 2:18am
Sold 1.2765 SL 1.2795
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #767,570
  • Aug 16, 2023 2:21am Aug 16, 2023 2:21am
Although D1 is moving into W1 i am still not convinced a new wave up is starting, will need to see if today closes above W1 then i will look for a pb to go long , until such time , on the short side nothing to do at the moment from H1 up , obviously lower timeframes ie 5m plenty of action to trade.
Follow The Markets Structure - Patience and Discipline
  • #767,571
  • Aug 16, 2023 2:38am Aug 16, 2023 2:38am
Quoting navk
Long from 2695. Stop 2685
live ac profits and demo ac profits posted based on my earlier post
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Intraday only.
  • #767,572
  • Aug 16, 2023 2:39am Aug 16, 2023 2:39am
The difference between live and demo are lot size
Intraday only.
  • #767,573
  • Aug 16, 2023 2:52am Aug 16, 2023 2:52am
*****Michael Burry, the “Big Short” investor who became famous for correctly predicting the epic collapse of the housing market in 2008, has bet more than $1.6 billion on a Wall Street crash

(This now makes up 93% of his entire portfolio)

Victoria Nuland (United States Deputy Secretary of State) did the same (unknown quantity).*****
  • #767,574
  • Edited 3:09am Aug 16, 2023 2:57am | Edited 3:09am
Quoting TheWraith
*****Michael Burry, the “Big Short” investor who became famous for correctly predicting the epic collapse of the housing market in 2008, has bet more than $1.6 billion on a Wall Street crash (This now makes up 93% of his entire portfolio) Victoria Nuland (United States Deputy Secretary of State) did the same (unknown quantity).*****
Aren't 'political insiders' supposed to invest in blind trusts while in their political offices?

EDIT Nancy Pelosi is the best example of misuse of office. Her explanation for the millions she has made from investments while in office is that the investments were all made by her husband and of course she had nothing to do with the decisions.
  • #767,575
  • Aug 16, 2023 3:01am Aug 16, 2023 3:01am
Time to watch Footy! Come on you lionesses !! Back in a couple of hours
Insane in the Brain..
  • #767,576
  • Aug 16, 2023 3:03am Aug 16, 2023 3:03am
Quoting TheWraith
*****Michael Burry, the “Big Short” investor who became famous for correctly predicting the epic collapse of the housing market in 2008, has bet more than $1.6 billion on a Wall Street crash (This now makes up 93% of his entire portfolio) Victoria Nuland (United States Deputy Secretary of State) did the same (unknown quantity).*****
which is the source?
probably not the grocery
  • #767,577
  • Aug 16, 2023 3:05am Aug 16, 2023 3:05am
Quoting maxi444
{quote} which is the source? probably not the grocery
Twitter. I always research before I post something like this.
Also, on every media outlet.
  • #767,578
  • Edited 3:23am Aug 16, 2023 3:05am | Edited 3:23am
sell triggered for me below 2770
Intraday only.
  • #767,579
  • Aug 16, 2023 3:13am Aug 16, 2023 3:13am
Quoting navk
sell triggered for me below 2670
That is quite a drop from the current price or is it a typo?
  • #767,580
  • Edited 3:34am Aug 16, 2023 3:15am | Edited 3:34am
Quoting TheWraith
{quote} Twitter. I always research before I post something like this. Also, on every media outlet.
https://edition.cnn.com/2023/08/15/i...ash/index.html
yeah, but I like to go with the trend
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