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Cable Update (GBPUSD)

  • #771,141
  • Aug 30, 2023 1:31am Aug 30, 2023 1:31am
Quoting dantpm
Peter is back . {image}
Fuckme, thats all i need --- Covid an Caleb dont really get much worse. anyway back to bed 4me. Cheers guys hope you make pips today
  • #771,142
  • Aug 30, 2023 1:32am Aug 30, 2023 1:32am
Do I see this correctly? So far on the 5 min structure we had three changes of direction today (since about 6 am London)
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Thanks, I'm still learning.
I have no clue where it's going
  • #771,143
  • Aug 30, 2023 1:41am Aug 30, 2023 1:41am
Quoting bfx17
{quote} sure...you enlightened us for so long with your wisdom, common sense and real life stuff...I would say you need to take a break and come back in about 6 months to see the results of your teachings...give us some time to digest all the amazing info you provided...you cannot expect us to grasp it in a few days, right? so see you again in 6 months? and I promise we will visit your threads from time to time to read the amazing content? deal?

VERY glad you said it.

NOW I can say this ----

I am not playing guru or expert or anything else. I just don't tolerate "modern peoples" syndrome. And most of what is said or shown by me is not an "answer" nor can it be. It gets the person to somewhere else. Only thing it can ever do.

You people If any are actually still real flesh n blood people online, don't step outside it all and just look. You accept and then sit back down. That "Aussi" guy's thread is ANOTHER classic example of it. As is many others. VERY funny bullshit. VERY "fill in the blank here". So although you jest, all this stuff is not healthy. And it's absolutely not trading or money management.

But the under and over educated always overcompensate. Look at that "gefx" idiot. and others. good examples.

So enjoy.

Peter
Real Trading is not gambling.
  • #771,144
  • Aug 30, 2023 1:43am Aug 30, 2023 1:43am
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?...
Pound is living on past accomplishments. British Empire had a lot of colonies for which reason Pound was so strong I believe. Until then Pound is slowly getting depreciated against other currencies and will continue to depreciate over time.
  • #771,145
  • Aug 30, 2023 1:46am Aug 30, 2023 1:46am
Quoting PeterCaleb
{quote} VERY glad you said it. NOW I can say this ---- I am not playing guru or expert or anything else. I just don't tolerate "modern peoples" syndrome. And most of what is said or shown by me is not an "answer" nor can it be. It gets the person to somewhere else. Only thing it can ever do. You people If any are actually still real flesh n blood people online, don't step outside it all and just look. You accept and then sit back down. That "Aussi" guy's thread is ANOTHER classic example of it. As is many others. VERY funny bullshit. VERY "fill...
so the short answer is you wont take that 6 months break, right? lol

PS I agree with your comments about aussi thread...and basically this is all i agree with from your post

PPS three months then?
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
  • #771,146
  • Aug 30, 2023 1:47am Aug 30, 2023 1:47am
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?...
Ok Peter, I'll bite.

"The GBP pairs are renowned for showing where they want to go. Now why is that? HINT - nothing to do with the chart"
Ok, so if it's not on the chart are you talking fundamentals? I can see the point in fundamentals for longer term trading, just not short intraday scalps like u seem to be doing. So, maybe u are comparing GU to some other instrument or real time data? Now, IF GU is renowned for showing it's future path, wouldn't that mean it would be better to trade another GBP or USD cross if GU is showing the way? I haven't seen that kind of "leading the way" consistently on a chart yet.

"Why is the GBP worth more in USD than reverse? "Oooo coz it sounds cool!"
Well usdgbp is the inverse, so if GU is worth more than 1 it follows that UG will be worth less than 1. That's way too simplistic and can't be what u mean.

"Why is the GBP worth more than the EURO in the EURGBP combination?"
When the Euro was set up a "value" for it had to be found so that trading between EU countries/ Japan/ US etc would make economical sense. It maybe worth less than a GBP at the moment, but there's nothing to say that it won't be in the future.

Why do my AUD or USD get better traction at a money changer than most others?
Nope, no idea..unless u talking specific countries. A money changer in Bali is probably happier to see USD or AUD than GBP
  • #771,147
  • Aug 30, 2023 1:48am Aug 30, 2023 1:48am
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.
What I saw over the years trading is that if majority of retail money is going Long, price goes Short and unless that changes neither will the direction change.
  • #771,148
  • Aug 30, 2023 1:49am Aug 30, 2023 1:49am
Quoting T721
{quote} Fuckme, thats all i need --- Covid an Caleb dont really get much worse. anyway back to bed 4me. Cheers guys hope you make pips today
hi man...I hope you will recover soon from covid
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
  • #771,149
  • Aug 30, 2023 1:53am Aug 30, 2023 1:53am
Quoting bfx17
{quote} sure...you enlightened us for so long with your wisdom, common sense and real life stuff...I would say you need to take a break and come back in about 6 months to see the results of your teachings...give us some time to digest all the amazing info you provided...you cannot expect us to grasp it in a few days, right? so see you again in 6 months? and I promise we will visit your threads from time to time to read the amazing content? deal?
How come the chosen one didn't get it I wonder? Usually the element Iron is recognized by people. Some sooner, some later.

Hmm... there can only be one reason why! Both you and I know what it is.
  • #771,150
  • Aug 30, 2023 1:55am Aug 30, 2023 1:55am
Quoting TheWraith
{quote} Pound is living on past accomplishments. British Empire had a lot of colonies for which reason Pound was so strong I believe. Until then Pound is slowly getting depreciated against other currencies and will continue to depreciate over time.
I'm talking about today. here and now. Yes past leads in. But if people were to learn more about world trends, then they would understand the breadth and depth together.

Don't all you people go on and on about the "London session" ? about liquidity?

Then for eg, you have the antithesis of all this over at "Aussi" 's thread and others like it. FUNNY AS fuck. Leaves a sludgy slimy taste in my mouth but hey, every crow's nest must have it's followers and sycophants.

The british did something. The yanks did the same thing in a different "flavor". And the USSR. And then comes the EU. And UN.

So 'past accomplishments' ?????????

Many common denominators.


Peter
Real Trading is not gambling.
  • #771,151
  • Aug 30, 2023 1:59am Aug 30, 2023 1:59am
Quoting T721
{quote} Fuckme, thats all i need --- Covid an Caleb dont really get much worse. anyway back to bed 4me. Cheers guys hope you make pips today
AS a genuine token here - of course if you are very unwell I/we hope you recover to full strength. It's one thing to kick your ass here but being sick is not fun.

So get well soon.

Just remember to eat well.


Peter
Real Trading is not gambling.
  • #771,152
  • Aug 30, 2023 2:00am Aug 30, 2023 2:00am
Quoting bfx17
{quote} so the short answer is you wont take that 6 months break, right? lol PS I agree with your comments about aussi thread...and basically this is all i agree with from your post PPS three months then?
Yes can do. Why don't I come stay with you? holiday time !!!! Ooooh we'll have sooo much fun !!!
Real Trading is not gambling.
  • #771,153
  • Aug 30, 2023 2:02am Aug 30, 2023 2:02am
Quoting TheWraith
{quote} How come the chosen one didn't get it I wonder? Usually the element Iron is recognized by people. Some sooner, some later. Hmm... there can only be one reason why! Both you and I know what it is.
oh I got it! I just chose to vacuum over it and put a carpet on top.

Cheers.


Peter
Real Trading is not gambling.
  • #771,154
  • Aug 30, 2023 2:04am Aug 30, 2023 2:04am
Quoting PeterCaleb
{quote} oh I got it! I just chose to vacuum over it and put a carpet on top. Cheers. Peter
Well that's not fair! Now I look funny. Haha

I see you're good at trading, but I still do not understand how you trade... don't even know where to start actually.

Have I found profitable way of trading or gambling like you say? Yes, I did.

But if there is something even better, I'm all ears.
  • #771,155
  • Aug 30, 2023 2:09am Aug 30, 2023 2:09am
Quoting dantpm
Peter is back . {image}
Seems like a lot of dumbf*cks around here, trigger him easily. Thats why so many posts in such short period.
More time in the market, does not mean you trade better!
  • #771,156
  • Aug 30, 2023 2:12am Aug 30, 2023 2:12am
Quoting bfx17
{quote} hi man...I hope you will recover soon from covid
Thanks pal, actually feeling a lot worse today just up grabbing some ftse shorts... feels like im trading with the worst hangover ever.. Anywhoo back to bed 4me.. GOODLUCK today.. thinking friday might setup GU sells
  • #771,157
  • Aug 30, 2023 2:13am Aug 30, 2023 2:13am
Quoting PeterCaleb
{quote} Yes can do. Why don't I come stay with you? holiday time !!!! Ooooh we'll have sooo much fun !!!
Hmmm...i dont know man...the plane tickets are really expensive these days and I dont want you to blow your retirement savings....plus, I dont think they will allow you to leave that place...it seems that they just released you from the straitjacket, so dont push your luck...
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
  • #771,158
  • Aug 30, 2023 2:14am Aug 30, 2023 2:14am
Quoting PeterCaleb
{quote} AS a genuine token here - of course if you are very unwell I/we hope you recover to full strength. It's one thing to kick your ass here but being sick is not fun. So get well soon. Just remember to eat well. Peter
Thanks
  • #771,159
  • Aug 30, 2023 2:16am Aug 30, 2023 2:16am
Quoting monaghan
Bouncing between Middle Bollinger , Three touch trendline, and Daily Pivot for me ranging London {image}
Maybe now on the 4 hr candle close we can break the three touch trendline for Moty to the upside
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  • #771,160
  • Aug 30, 2023 2:17am Aug 30, 2023 2:17am
Quoting Danger-Mouse
{quote} Ok Peter, I'll bite. "The GBP pairs are renowned for showing where they want to go. Now why is that? HINT - nothing to do with the chart" Ok, so if it's not on the chart are you talking fundamentals? I can see the point in fundamentals for longer term trading, just not short intraday scalps like u seem to be doing. So, maybe u are comparing GU to some other instrument or real time data? Now, IF GU is renowned for showing it's future path, wouldn't that mean it would be better to trade another GBP or USD cross if GU is showing the way? I...
I want to give a long answer but I won't.

For me, I use a Top down bottom up approach for general knowledge. For me this gives me a look-in to the world and myself. I don't use fundamental analysis for sending orders to market though, I like to use that for understanding where I will place money and what money is doing. I too use charts and many things they offer, but in footing with real life not stories of what happens.

Those things I said all bundle together to show different parts of one's reality in trading and real life. Good idea for people to do some research. People won't believe me so maybe they'll believe their own efforts. So no I wasn't trying to be confusing or cryptic.

General knowledge, and not netflix, contrary to popular belief, is what fills in many gaps when a person steps into the world of money and trading.

Peter
Real Trading is not gambling.
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