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Cable Update (GBPUSD)

  • #771,101
  • Aug 30, 2023 2:35am Aug 30, 2023 2:35am
Bouncing between Middle Bollinger , Three touch trendline, and Daily Pivot for me ranging London
Attached Image (click to enlarge)
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  • #771,102
  • Aug 30, 2023 2:36am Aug 30, 2023 2:36am
Quoting Konichiwhaat
{quote} It means nothing to trading and this thread. Stop feeding these old fuckers on here ammunition... you will become toxic like them
There is a way that seems right unto man...
Trade at your own risk.
  • #771,103
  • Aug 30, 2023 2:37am Aug 30, 2023 2:37am
Quoting Konichiwhaat
{quote} You got nothing wrong. Just don't copy and paste quotes here. Price goes up, price goes down. Its simple. Why it happens doesn't matter. We don't need to know why. This is trading, taking money out of the market. We are not the UN. We are not try to figure it out or solve the word
Pretty sure I've been around longer than you and that's NOT trading, literally. It is speculation. But hey modern people know everything........ so my wife keeps telling me.

* That's why they think a toy phone is a work station
* That's why they cannot research it unless it's on social media
* That's why they refuse to listen to good suggestions
* That's why they think a nugget of knowledge is a mountain
* That's why apparently having the gambling disease is now "socially acceptable"
* That's why "the crowd/the mob" are almost always the last to know or realize
* That's why common sense has been replaced with "hints/tips"

And on and on.
Real Trading is not gambling.
  • #771,104
  • Aug 30, 2023 2:42am Aug 30, 2023 2:42am
Quoting PeterCaleb
Maybe the head strong young fuckers should try learning something. Gamblers showing gamblers showing gamblers "how to trade". The GBP pairs are renowned for showing where they want to go. Now why is that? HINT - nothing to do with the chart. Why is the GBP worth more in USD than reverse? "Oooo coz it sounds cool!" No. You know what I find funny about traders, they lap up data but don't look into the data. Why is the GBP worth more than the EURO in the EURGBP combination? Why do my AUD or USD get better traction at a money changer than most others?...
Are you the head gambler?
Trade at your own risk.
  • #771,105
  • Aug 30, 2023 2:43am Aug 30, 2023 2:43am
Quoting monaghan
Bouncing between Middle Bollinger , Three touch trendline, and Daily Pivot for me ranging London {image}
Looks like this trendline could be broken, waiting for 1 hr close
  • #771,106
  • Aug 30, 2023 2:45am Aug 30, 2023 2:45am
Quoting PeterCaleb
everyday is a good day.... {image}
Inserted Video
Trade at your own risk.
  • #771,107
  • Aug 30, 2023 2:47am Aug 30, 2023 2:47am
Quoting PeterCaleb
{quote} Pretty sure I've been around longer than you and that's NOT trading, literally. It is speculation. But hey modern people know everything........ so my wife keeps telling me.
I think you miss understood my point. I didn't give a method or a description on how to trade. Plus, you don't know me or my age, THAT is speculation. But I will take the "young" compliment. And yes, you have definitely been here a long long long long time... we are all very very very very aware of that
Emotional Control. Process, not outcome.
  • #771,108
  • Aug 30, 2023 2:47am Aug 30, 2023 2:47am
Quoting Ferna
{quote} Sorry english is not my 1st language. What does mean traction in this context with a money changer?
can refer to - more useful/popular for exchange, gains in value or use etc. Sometimes also to do with tourism or travel re: spending/travel $$$
Real Trading is not gambling.
  • #771,109
  • Aug 30, 2023 2:49am Aug 30, 2023 2:49am
Quoting Fx3423454
{quote} Are you the head gambler?

I don't gamble (if that is what you are talking about here). I seek to squeeze the risks down to as little as possible. Net gains mean little if you don't understand what you're handling.

Peter
Real Trading is not gambling.
  • #771,110
  • Aug 30, 2023 2:51am Aug 30, 2023 2:51am
Quoting Konichiwhaat
{quote} I think you miss understood my point. I didn't give a method or a description on how to trade. Plus, you don't know me or my age, THAT is speculation. But I will take the "young" compliment. And yes, you have definitely been here a long long long long time... we are all very very very very aware of that
go re-read what you wrote - it's there in what you said. you gave your idea of trading and what it's for. go re-read.
Real Trading is not gambling.
  • #771,111
  • Aug 30, 2023 2:51am Aug 30, 2023 2:51am
Quoting Konichiwhaat
{quote} You got nothing wrong. Just don't copy and paste quotes here. Price goes up, price goes down. Its simple. Why it happens doesn't matter. We don't need to know why. This is trading, taking money out of the market. We are not the UN. We are not try to figure it out or solve the word
It is true that fundamentals have little to do with price action and after you've been trading long enough you will learn that price action has little to do with price action. Especially in the FX market.

The market doesn't just want to take your money it wants to take your brain.
Trade at your own risk.
  • #771,112
  • Aug 30, 2023 2:53am Aug 30, 2023 2:53am
Quoting PeterCaleb
GBPUSD 1 pair 1% 1 day. Gambler - risk X% to guess or chase. place stoploss with dream of trailing. potential target/s without awareness of real Risks. Trader - 1 pair. Target minimum 1% 1 day. YES I use a very small account to demonstrate this. BUT you may not have a very small account. RISKS - Unknown Unknowables. UnKnown knowables. Incorrect direction. Late possible entry. Poor price positions. $ Risks - No more than 5% of account on single price position within medium push. Allowables - No more than 4 priced tickets for purchase at any one time....

please don't take it personally, but if you don't speak clearly and plainly, you will never be taken seriously here.
trading is like dancing, don't think and just listen to the music!
  • #771,113
  • Aug 30, 2023 2:53am Aug 30, 2023 2:53am
Less and less subject matter substance on this thread lately.
A good source of entertainment though, whenever I find breaks in-between trading.
Always grateful to @Georginson for the occasional stats.
Kudos to the reliable @dantpm for the depth of discourse every now and then.
Respect to @Yngwie for the no-nonsense pinpoint alerts without needing to justify them.
@Moty...hmmm this fella I pray for you to reach bigger accounts and make this money!
And to all those who entertain with their quarrels, please do not relent. I don't know what I'd do without the distractions from an otherwise psychologically demanding daily trading grind

  • #771,114
  • Aug 30, 2023 2:56am Aug 30, 2023 2:56am
Quoting PeterCaleb
{quote} go re-read what you wrote - it's there in what you said. you gave your idea of trading and what it's for. go re-read.
"Price goes up, price goes down. Its simple. Why it happens doesn't matter. We don't need to know why. This is trading, taking money out of the market."

This is not a method. This is just a fact
Emotional Control. Process, not outcome.
  • #771,115
  • Aug 30, 2023 2:57am Aug 30, 2023 2:57am
4 mins for the close of the last h4 candle
Attached Image (click to enlarge)
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yes yes yes
  • #771,116
  • Aug 30, 2023 2:58am Aug 30, 2023 2:58am
Quoting Fx3423454
{quote} It is true that fundamentals have little to do with price action and after you've been trading long enough you will learn that price action has little to do with price action. Especially in the FX market. The market doesn't just want to take your money it wants to take your brain.

perhaps you need to go back to the basics on the ecology of money. Silly modern people believing fundamentals are disconnected fro everything else. Question - what planet are all of you living on? Without those F's, your "trading would not be".

And as to "price action" ....... BLOODY FANTASTIC MARKETING idea !!!! And it worked. People can't get enough of that crap.

People are funny.
Real Trading is not gambling.
  • #771,117
  • Aug 30, 2023 2:59am Aug 30, 2023 2:59am
Quoting Konichiwhaat
{quote} "Price goes up, price goes down. Its simple. Why it happens doesn't matter. We don't need to know why. This is trading, taking money out of the market." This is not a method. This is just a fact
no deary it's not a fact, it's an opinion. and a pretty lazy one at that.
Real Trading is not gambling.
  • #771,118
  • Aug 30, 2023 3:00am Aug 30, 2023 3:00am
Quoting Luxyus
{quote} alright it was my forecast of 22 days (and relative daily candles) ago. now it s time to make another medium term analysis, plan the trades and then trade the plan. Need anyway to get all possible informations from Jackson Hole symposium so a busy w/e is coming for me. By following this plan +170% of my previous month. Plz don t misunderstand me, i m not bragging neither want to party, just the pleasure to share.
Quoting Luxyus
for me today possible shorts scalping starts from 1.2614 to1.2639. there s a lot of confluence on that cluster - negation with a hourly close above 1.2656
alright after banked everything around 1.2560 (i m now above +200% of balance of july) now i ll wait till cluster 1.2671/83 to continue soering. actually i see very unlikely that cable has bottomed.
chaos is just unknown order
  • #771,119
  • Aug 30, 2023 3:06am Aug 30, 2023 3:06am
DXY, Gold, GU, EU, and UJ all appears to be going in separate directions and for unrelated magnitudes this AM.
Other than Moty, I am not seeing a lot of confidence from anybody posting suggestions so far today.
  • #771,120
  • Aug 30, 2023 3:08am Aug 30, 2023 3:08am
Quoting BrainBucks
Less and less subject matter substance on this thread lately. A good source of entertainment though, whenever I find breaks in-between trading. Always grateful to @Georginson for the occasional stats. Kudos to the reliable @dantpm for the depth of discourse every now and then. Respect to @Yngwie for the no-nonsense pinpoint alerts without needing to justify them. @Moty...hmmm this fella I pray for you to reach bigger accounts and make this money! And to all those who entertain with their quarrels, please do not relent. I don't know what I'd...
it's ok. you'll find it up there someday bud. keep looking.
Real Trading is not gambling.
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