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Cable Update (GBPUSD)

  • #771,621
  • Aug 31, 2023 9:02pm Aug 31, 2023 9:02pm
Quoting dantpm
{quote} Fardeen1209, rephrased: I am not sure about you but I realize that I am not the smartest person in the room. The more that I learn, the more that I realize how much there is to learn and how little of it I know. Each day I do the best that I can with what I know, my experience and my understanding of the environment. Repeat daily, weekly, monthly and so on. It is just a perspective thing.
try switching up perspectives and context (definitely beyond ff!!) you will learn more and faster. And keep extensive notes offline NOT on devices.
Real Trading is not gambling.
  • #771,622
  • Aug 31, 2023 9:06pm Aug 31, 2023 9:06pm
still bearish at daily.

longs: can consider long to 1.27 area.
shorts: can consider shorting below 1.2650. i will wait for setups for shorts.
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  • #771,623
  • Aug 31, 2023 9:13pm Aug 31, 2023 9:13pm
Quoting TheWraith
{quote} M1 and M5 are just noise.. It's really a waste of time looking at them in my opinion (my opinion). M1 and M5 changes trend way too fast to be useful, so any direction is unreliable. Too many bad signals.
then this opinion will always be your achilles heel. Be something that adds to your downfall. You are waging a type of war with something you don't yet understand. People here talk about OHLC or some other thing, but they're just speculators. You wanna do better you gotta be better. I have personally traded using a 10secs chart before and so how many 10 seconds fit inside 1 minute? 6. So understanding this means little if you do not use context to get past the gamble or speculation of it all.

Movement inside movement inside movement. Silly people obsess over timeframes. They're a tool nothing more. They're not God or a god.

Context. This is far more relevant and important. Beyond personal perspective or belief. And beyond tf's.

Just a thought to consider in your private moments.


Peter
Real Trading is not gambling.
  • #771,624
  • Aug 31, 2023 9:22pm Aug 31, 2023 9:22pm
Quoting T721
{quote} {image}
gambling ideology or principles make for lousy investment of time and money.

I always laugh when I read on these sites that some "long term/experienced" trader (not necessarily saying you T ) claims they've been doing it for yrs and yrs and theeeeen, I look closely, to find they're a gambler who merely thinks they've outsmarted the organism. Not TOO observant considering the organism has guards stationed at the/every door to the activity and the system. I would think the inevitability of it would be apparent.

Soooo ... no ....... I will not be using THAT way to understand RISK.


Peter
Real Trading is not gambling.
  • #771,625
  • Aug 31, 2023 9:37pm Aug 31, 2023 9:37pm
Quoting dantpm
{quote} So NATO assassinates nine people on a jet which makes it OK for Russia to start shooting down jets carrying passengers that they want to target, Not sure how this makes the world any safer.
As I have said - they are people, you are people however BOTH have one thing in common - you're NOT the leadership. But both the leadership and the people are culpable and complicit. Interesting right? So many things become very clear when the fog of lies, poor understanding of history and BS is removed,

You don't like NATO doing that, Russia doing that, when do your pockets become overflowing with the blood of it all and not selfish money ????

Funny how inconvenient reality is, when people conveniently CHOOSE to disregard the real connectors.

It's not supposed to make it safer, it keeps you distracted. Anyone with 2 eyes and brain can see that.

Now let's watch and see how people try to move on from this point. You may not like it but it's the truth in all its splendor.


Peter
Real Trading is not gambling.
  • #771,626
  • Aug 31, 2023 10:18pm Aug 31, 2023 10:18pm
Quoting navk
{quote} Until NYO.... long only
Hello mate, something is wrong with mff... Shocking.
Data + Stat + Risk/Emotions Management
  • #771,627
  • Aug 31, 2023 10:24pm Aug 31, 2023 10:24pm
Quoting Georginson
{quote} Hello mate, something is wrong with mff... Shocking.
Some regulatory issues.

Should be sorted out.

They have hearing on 11 th september. And then 1 more week.

Technically, 2 weeks from now on.

Yavuz says those who are on challenges or open trades will not be affected.

They should be back after 2 weeks.
Intraday only.
  • #771,628
  • Aug 31, 2023 10:35pm Aug 31, 2023 10:35pm
Quoting Nordling
According to the Okun's law, when GDP falls, unemployment rate rises. Two days ago, Us Gdp growth rate came lower than expected and also lower than previous data. However, unemployment rate forecasts didn't rise. Previous data was 3.5%, forecast for today's data is still 3.5% Okun's law may not work every month, but it is accurate in the long run. So it's importance shouldn't be underestimated. Trying to predict unemployment rate before it is released is risky, it is better to react after seeing the data. On the other hand, if predicted right, traders...
The other detail is identifying how Forex will react to unemployment / employment changes.
It can react in either direction typically depending typically on first where the market can move price and second in the longer term what the market expectations were compared to the actual results.
  • #771,629
  • Aug 31, 2023 10:38pm Aug 31, 2023 10:38pm
Quoting Lbrto
{quote} If GU closes up with a long band today, I'll start looking for an entry...
missed the train. Still entangled with gold.
"No trade is still a trade." - Peter Borish
  • #771,630
  • Aug 31, 2023 10:53pm Aug 31, 2023 10:53pm
Both EUR.USD and GBP.USD are notorious bull traps as you can see, they are still trapping retail traders.
Trade at your own risk.
  • #771,631
  • Aug 31, 2023 10:57pm Aug 31, 2023 10:57pm
tripline is 1.25475...

If this level is not breached, I'll expect this week's high to be the one breached...
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"No trade is still a trade." - Peter Borish
  • #771,632
  • Aug 31, 2023 10:58pm Aug 31, 2023 10:58pm
Quoting dantpm
{quote} So essentially in the Covid19 vaccines they are putting 'markers' to track their drugs that aren't biodegradable and that would be almost impossible to remove.
You might find this interesting
Inserted Video
POSTMASTER
  • #771,633
  • Aug 31, 2023 11:01pm Aug 31, 2023 11:01pm
Quoting TheWraith
{quote} If you're right, you started Buying at probably the best price.
There are better prices still
POSTMASTER
  • #771,634
  • Aug 31, 2023 11:03pm Aug 31, 2023 11:03pm
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Trade at your own risk.
  • #771,635
  • Aug 31, 2023 11:22pm Aug 31, 2023 11:22pm
Quoting Fx3423454
{image}
Interesting hypothesis.
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  • #771,636
  • Aug 31, 2023 11:32pm Aug 31, 2023 11:32pm
my plans for today

For bears above 1.2698 I will stop shorting , main short term target should be 1.248

For bulls, if 1.2698 stands, maybe below 1.248 is worth a buy for 1.255 later.
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  • #771,637
  • Aug 31, 2023 11:42pm Aug 31, 2023 11:42pm
Quoting Robinhood1
{quote} Gold should perform a double bottom
1905
POSTMASTER
  • #771,638
  • Aug 31, 2023 11:57pm Aug 31, 2023 11:57pm
On 4hr chart, if this can only retest this week's high or even the LQ zone, we might see a drop today or tomorrow.....or not.
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Daily, WK, and MN chart look bearish to me.....we'll wait and see.
Lost....
  • #771,639
  • Sep 1, 2023 12:08am Sep 1, 2023 12:08am
Quoting Fx3423454
{image}
I think yesterday price went for liquidity down and is going up today above 1.28.
  • #771,640
  • Sep 1, 2023 12:14am Sep 1, 2023 12:14am
Waiting for retracement on Yen pairs before NFP (hopefully EU session will pump it up) and then I'll go Short again.
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