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Cable Update (GBPUSD)

  • #769,521
  • Aug 23, 2023 12:53am Aug 23, 2023 12:53am
what dragged the pair down?
"No trade is still a trade." - Peter Borish
  • #769,522
  • Aug 23, 2023 12:55am Aug 23, 2023 12:55am
Quoting Lbrto
what dragged the pair down?
Bad news from EU.

Money is flowing into US Dollar, Japanese Yen and Swiss Franc.

And then people say that Yen isn't safe haven anymore... oh yes it is!
  • #769,523
  • Aug 23, 2023 12:56am Aug 23, 2023 12:56am
Quoting cablekingdom
This drop was scary Not going long....euro data in 10 min
UK data in 35 minutes as well.
  • #769,524
  • Aug 23, 2023 12:57am Aug 23, 2023 12:57am
Quoting monaghan
{quote} Stopped out, sometimes you win and sometimes you lose
Not for Freshwater, he never lose, he always win and always right. 100% win rate
More time in the market, does not mean you trade better!
  • #769,525
  • Aug 23, 2023 12:57am Aug 23, 2023 12:57am
Quoting Ferna
{quote} Let's see how everyone misses this. Talking about their meteorism and casino wins.
Again. 12 hours ago.

Learn or don’t learn.
You have an IQ lower than 90 if you interact with this user.
  • #769,526
  • Aug 23, 2023 12:58am Aug 23, 2023 12:58am
Quoting Pat Chiko
{quote} GU Stopped out. single position to continue up{image}
GU

Spike down for LQ ?

Technical factors.
The GBP/USD exchange rate had been in an uptrend for several weeks from 14th Aug, and it is possible that the move lower was simply a technical correction. This is a common occurrence in the forex market, where prices often retrace a portion of their recent gains.

Liquidity issues.
MM finding enough liquidity to fill their order, when there are times when liquidity can dry up.
This can lead to sudden moves in prices, as there are not enough buyers or sellers to absorb the available volume.
Thus spiking down for LQ Grab.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #769,527
  • Aug 23, 2023 12:59am Aug 23, 2023 12:59am
Euro data is negative....gu going down
  • #769,528
  • Aug 23, 2023 1:03am Aug 23, 2023 1:03am
Quoting dempire1
Asian session long scalps. Will be taking profit once I see selling signs. Upper shorts from yesterday’s London session waiting for TP. {image}
Asian session Longs TP-d. closed all my shorts too now.
How to succeed in zero sum game?
  • #769,529
  • Aug 23, 2023 1:05am Aug 23, 2023 1:05am
Quoting Ferna
{quote} Again. 12 hours ago. Learn or don’t learn.
Not sure what you are attempting to present.
In the 12-14 hour elapsed period price first went up over 300 points, then down over 600 and finally back to where it was roughly 12-14 hours ago. What was the prediction that you believe you made and how does it track with the actual movement?
  • #769,530
  • Aug 23, 2023 1:05am Aug 23, 2023 1:05am
Quoting Pat Chiko
{quote} GU Stopped out. single position to continue up{image}
GU

add
Attached Image (click to enlarge)
Click to Enlarge Name: gu 057.jpg Size: 245 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #769,531
  • Aug 23, 2023 1:06am Aug 23, 2023 1:06am
Quoting Pat Chiko
{quote} GU add{image}
GU

Note:
taken the internaal LQ
External LQ intact
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #769,532
  • Aug 23, 2023 1:07am Aug 23, 2023 1:07am
Quoting Ferna
{quote} Again. 12 hours ago. Learn or don’t learn.
Nothing to learn from someone who talk no walk. You’re becoming another joke of this thread. Very sad…
How to succeed in zero sum game?
  • #769,533
  • Aug 23, 2023 1:10am Aug 23, 2023 1:10am
Quoting dantpm
{quote} Not sure what you are attempting to present. In the 12-14 hour elapsed period price first went up over 300 points, then down over 600 and finally back to where it was roughly 12-14 hours ago. What was the prediction that you believe you made and how does it track with the actual movement?
When you dont trade real money, you dont care about DD.
More time in the market, does not mean you trade better!
  • #769,534
  • Aug 23, 2023 1:16am Aug 23, 2023 1:16am
dx is going down
Attached Image (click to enlarge)
Click to Enlarge Name: DX.png Size: 13 KB
yes yes yes
  • #769,535
  • Aug 23, 2023 1:16am Aug 23, 2023 1:16am
Quoting Fx3423454
{quote} And, I am sorry, but you have 0 ability to process & grasp the market.
Bruh it is 3 a.m over there. Did you see me in your dream
You have to have an IQ higher than 90 to interact with this user.
  • #769,536
  • Aug 23, 2023 1:18am Aug 23, 2023 1:18am
GU price is back close to the market open. Todays move so far has been a liquidity grab, up and down.
  • #769,537
  • Aug 23, 2023 1:20am Aug 23, 2023 1:20am
Quoting Ferna
{quote} Again. 12 hours ago. Learn or don’t learn.
Good call on the trades you made 14 hours ago.

But as a professional trader, trading is all about risk and reward.
Every trade involves the potential to lose money, as well as the potential to make money.
The goal of any trader is to maximize the potential rewards while minimizing the potential risks.

Mathematically, you have 1:1 RR.
Putting things into perspective.
Here's the chart for clarity.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 058.jpg Size: 268 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #769,538
  • Aug 23, 2023 1:20am Aug 23, 2023 1:20am
Quoting Ferna
{quote} better go Nala’s thread and scroll a few hundred pages and you might learn something.
I actually follow Nala and understand his method. Nothing cryptic there.
  • #769,539
  • Aug 23, 2023 1:21am Aug 23, 2023 1:21am
Quoting TheWraith
{quote} Bad news from EU. Money is flowing into US Dollar, Japanese Yen and Swiss Franc. And then people say that Yen isn't safe haven anymore... oh yes it is!
thanks!
"No trade is still a trade." - Peter Borish
  • #769,540
  • Aug 23, 2023 1:22am Aug 23, 2023 1:22am
Quoting Ferna
{quote} come back when you made proper trading calls. you mostly criticize other who get it right most of the time, but afraid to give your own opinion about trading. your opinion is about other traders and not trading in itself.

I just made and posted my trading calls which both worked with picture of proof. I don't post signals, why should I handspoon people like you? You don't deserve it. You are incapable of understanding why I took trades from where I took because you are incapable of doing the work to study charts or ask questions from the right people.
How to succeed in zero sum game?
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