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Cable Update (GBPUSD)

  • #771,961
  • Sep 1, 2023 9:53pm Sep 1, 2023 9:53pm
GU will probably reach those lows in 7 to 9 months since took a year to go up...falling is always quicker
short trump and go long the deepstate
  • #771,962
  • Sep 1, 2023 9:56pm Sep 1, 2023 9:56pm
Quoting Zebi
i was reading an article about liz trusses stupid ass so wanted to see what effect she had on GU https://www.theguardian.com/politics...ss-premiership lo and behold she made the pound hit a 37 year low with tax cut for rich so guess what?...thats where its going ...i gave the brexit nuts the benefit and posted a blue line but it will probably diddle the lows and then may make a bottom this how i like reading the chart LOL...helps me keep focus where price will end...
My stock strategies blow FX away and upside down out the window. I only like to trade FX as a hobby to stay abreast of what is happening geopolitically. FX is a gauntlet of shit as is reflected in the people who trade it. Even if they weren't bat shit crazy FX eventually turns them into what they were always meant to be.
Trade at your own risk.
  • #771,963
  • Sep 1, 2023 9:59pm Sep 1, 2023 9:59pm
i like following the politics and how it effects forex...like i posted about the turkish lira earlier today...turkey should drown erdogan if they want the usd to drop for them LOL
short trump and go long the deepstate
  • #771,964
  • Sep 1, 2023 11:50pm Sep 1, 2023 11:50pm
Quoting TheWraith
Yen is rising like a safe haven currency that it is and always has been... More Shorts? OH YEAH!

Question - What makes up the "Yen"? That is, what are the ingredients that are inside the use of and usefulness OF the Yen, that makes it a "safe haven" ?

If one cannot answer this thoroughly enough, then it is not in fact a safe haven. Understand?

Conventional wisdom is very flawed and inaccurate.


Peter
Real Trading is not gambling.
  • #771,965
  • Sep 2, 2023 12:12am Sep 2, 2023 12:12am
Quoting TheWraith
Today we have a classic example of when the news actually don't matter at all. More people Buying? Yeah... we will push the price down despite the bad news. That's all there is to it... if majority is Long price is going down and vice versa. Forex is simple, but it's not because we don't know where the majority of money is going. Then they just go the other way... This Client Sentiment site isn't bad at all. Very nicely shows where money is going and it really works well. It won't show you where the money is going today, but it's at least showing...
Using a sentiment indication is similar to walking behind a dog that continues to walk and wobbles its head left to right to left again and again. So it's not where money is going and coming, it's bias on a prescribed level. Ergo it's not real. If you were to search the many reasons why participants do what they do then you will better understand that it's NOT just about "making money" as this implies a direct action of seeking, doing then getting and gotten. Sometimes there's more involved with it than that. It is always either - to get,or, it is to sit and wait and setup something else. LOVE IT when "people" say it's all about making money, it immediately shows their pure ignorance of Life on this planet. Not saying this is you saying this but many/most people around say this or state this at some point, and, it's simply a really stupid and ignorant thing to say. It's usually what people say when they don't have a clue what's happening.

You can poo-poo this input if you want but opinion does not trump real life therefore at some point reality will show you. This is just me getting in and telling you before that happens.


Peter
Real Trading is not gambling.
  • #771,966
  • Sep 2, 2023 12:16am Sep 2, 2023 12:16am
Quoting Scotteyy
{quote} This is why I ignore fundamentals, I don't understand it enough to put it to good use. I sure as hell don't understand as well as the top dogs, they also have algos that react faster then I do. I also think its a load of rubbish tbh, at least on a intraday timescale. Sure over months and years price will move in the way of the fundamentals but the actual news announcements is just a way for the MM to grab liquidity from us retail scrubs.
All of that fundamental "stuff" is right there on the chart BUT, it all looks the same as everything else there. Informational "fundamentals" will get you nowhere fast. SO you need to learn about people, the society you live in and the world around you. Once you begin to do this, these parts can be seen on the chart.

Just my suggestion.

Peter
Real Trading is not gambling.
  • #771,967
  • Sep 2, 2023 2:46am Sep 2, 2023 2:46am
https://assets.faireconomy.media/nfs...r1509538_1.gif Cgpips sent you dm if you are around
  • #771,968
  • Sep 2, 2023 3:05am Sep 2, 2023 3:05am
Quoting TheWraith
{quote} Waveski, following post is meant for everyone here! I just quoted your post because you posted an image of fake trades and how easily it can actually be done by anyone. Post: I guess this is why noone wanted to join my thread when I created it for real live trading, because there are no real traders here, or should I say, almost none. This is fuc*ing ridiculous and I'm pissed! I really believed people came here for trading, but really, I see almost zero trading and 99% bullshit. Do you have to share the chart when you open the position?...
C'mon all, the The Wraith is absolutely correct, sharing is what it is all about, i do it, sometimes they are right and sometimes they are wrong, off course i say to myself OH SHIT, i wished i had not loaded that chart, but nobody here has called me out, and that's the point, i think most of my postings have been winners, some youngsters can go back and say, this old duffer has something here, and it could be good for them, so lets make the goal to post and help others, big hugs to you all
  • #771,969
  • Sep 2, 2023 3:22am Sep 2, 2023 3:22am
Quoting Wavegarrick
{quote} My system might suggest that there could be a minor upswing in play from an hourly perspective for the next day or so. This always becomes difficult for retail traders and causes quick take profits. It is a game of wits and unless daily higher highs are broken bears have the upper hand here for a target just below 1.3000. It's never gonna be easy. Cheers. {image}
This is how the gang go around from thread to thread discrediting traders with their toxic posts. They go through great lengths to acquire this. until they destroy the entire thread and decent honest traders in it.
Hell bent on labeling me as a photo-shopper, posting after the fact trades, fake trades etc. The list goes on and on.
Coreg is doing his utmost best in this case to label me as all of the above.
Well, above quoted you will see the real post from me on the 17th of July 2023. The real chart from that day and not some unclear copied post by Coreg that you cannot see the details on the chart.
Attached Image (click to enlarge)
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I have attached the actual chart which is in the quoted post above:
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Live sell trades posted on the 17th of July and I had no clue where price was going. see yellow highlight in the quoted post.
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These sell trades are still open to this day.
Quote
Waveski, if you glue yourself to this thread you will never miss such detailed analysis that could rake you 1000s of pips and give you an 1164 profit factor.
Now what is Coreg trying to say or prove here. Fuck knows really. He makes no sense. Perhaps its a diversion to get the gang going in the direction he wants them to.
Hey ho. It worked
Robknob jumps in and the ball is rolling
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Of course Coreg even gets the final say
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Damn it worked and Wavegarrick looks like a con artist, faker, scammer and photo shopper.
This is what they do from thread to thread and have done this over the years of course under different avatars and usernames. LE1 was the most kind hearted giving person that you could find on FF. They destroyed his very popular thread and even painted him as a scammer in the end.
The same will happen with any popular member opening a new thread. The gang will follow but quickly return back here if the thread does not gain traction or popularity.
As the Pm's come in I just sit back and watch. The bubble will burst eventually.
Attached Image (click to enlarge)
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Have a great weekend Folks.
Trade to trade another day
  • #771,970
  • Sep 2, 2023 3:24am Sep 2, 2023 3:24am
Quoting monaghan
{quote} C'mon all, the The Wraith is absolutely correct, sharing is what it is all about, i do it, sometimes they are right and sometimes they are wrong, off course i say to myself OH SHIT, i wished i had not loaded that chart, but nobody here has called me out, and that's the point, i think most of my postings have been winners, some youngsters can go back and say, this old duffer has something here, and it could be good for them, so lets make the goal to post and help others, big hugs to you all
Nice post its good to share analysis imo because even when you might be wrong you can go back and learn why it went wrong --- I certainly dont get it right every time and know i never will but when i am wrong i learn from it
  • #771,971
  • Sep 2, 2023 3:24am Sep 2, 2023 3:24am
Quoting PeterCaleb
{quote} as far as I'm aware, none are commercial and hold no legal issues with use. You can search for them on these ff sites or google them, either to download and use them or to read about them. Yes I appreciate that some people do not normally speak english but that is why we HAVE translators and why I say to people to concept build LONG before doing ANY trading etc. Verbal and written language is a flaw in the learning process. Therefore should never be the only tool used for communication. Peter PS - Notice I made no mention of "charts" and...
yes, well said. the chart can only support common sense, which must be there beforehand.

and to the modern people you often cite: isn't it the case that many sacrifice their freedom and independence for security and comfort? in fact, however, a trader must be unbendingly freedom-loving by nature and not be allowed to make any compromises. because otherwise the learning curve is too flat to be able to live profitably from it. he then remains a gambler.

and freedom does not come from earning a lot of money, but from spending less money than you earn. or from living in the country rather than in the city.

the other day at the graduation meeting they asked me if i was rich. i answered no, but i'm independent, that's what counts more for me. and i have time to do the things that give me pleasure. with discipline and patience, which hardly anyone possesses, it's achievable.

but i should talk less cleverly...;-)
trading is like dancing, don't think and just listen to the music!
  • #771,972
  • Sep 2, 2023 3:29am Sep 2, 2023 3:29am
Quoting Wavegarrick
{quote} This is how the gang go around from thread to thread discrediting traders with their toxic posts. They go through great lengths to acquire this. until they destroy the entire thread and decent honest traders in it. Hell bent on labeling me as a photo-shopper, posting after the fact trades, fake trades etc. The list goes on and on. Coreg is doing his utmost best in this case to label me as all of the above. Well, above quoted you will see the real post from me on the 17th of July 2023. The real chart from that day and not some unclear copied...
ignore these people, just get on with it. donald trump can do that quite well.

envy and resentment have to be worked hard for!

and once your reputation is ruined, you can live unencumbered;-)
trading is like dancing, don't think and just listen to the music!
  • #771,973
  • Edited 6:14am Sep 2, 2023 3:51am | Edited 6:14am
I've said this before, and I will say it again. Stop trying to call bottoms and tops. You don't need charts to learn something, you just need to learn who to trust. Stop trying to call tops in JPY pairs or any other pairs. Don't listen to anybody who says they can call a bottom or top with any kind of precision.

A certain individual who I won't mention has been failing for weeks trying to call bottoms and tops. Now he went off to try and forget about reality instead of facing the music. Look around, observe what is happening. The truth will set you free.
Trade at your own risk.
  • #771,974
  • Sep 2, 2023 3:51am Sep 2, 2023 3:51am
It's not the strategy that matters, but how you use it
Entry and exit according to the book without tricks
simple bb stop 20,1
Attached Image (click to enlarge)
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yes yes yes
  • #771,975
  • Edited 7:44am Sep 2, 2023 3:55am | Edited 7:44am
Quoting Wavegarrick
{quote} This is how the gang go around from thread to thread discrediting traders with their toxic posts. They go through great lengths to acquire this. until they destroy the entire thread and decent honest traders in it. Hell bent on labeling me as a photo-shopper, posting after the fact trades, fake trades etc. The list goes on and on. Coreg is doing his utmost best in this case to label me as all of the above. Well, above quoted you will see the real post from me on the 17th of July 2023. The real chart from that day and not some unclear copied...
For fucksake Leon stop crying like a little baby, man the fuck up, call me a scammer, call me Pat, call me a photoshopper, call me non English if you wish I ain't bothered, but don't bore folks with your petty posts, now go grow a pair....love as always
  • #771,976
  • Edited 4:38am Sep 2, 2023 3:56am | Edited 4:38am
Quoting Fx3423454
I've said this before, and I will say it again. Stop trying to call bottoms and tops. You don't need charts to learn something, you just need to learn who to trust. Stop trying to call tops in JPY pairs or any other pairs. Don't listen to anybody who says they can call a bottom or top with any kind of precision. A certain individual who I won't mention has been failing for weeks trying to call bottoms and tops. Now he went off to try and forget about reality instead of facing the music. Look around, observe what is happening. The truth will set...
SL is almost the most important part of a strategy.
  • #771,977
  • Sep 2, 2023 4:11am Sep 2, 2023 4:11am
Quoting TheWraith
{quote} That's quite specific date? Why?
https://www.armstrongeconomics.com/r...estate-market/
POSTMASTER
  • #771,978
  • Sep 2, 2023 4:15am Sep 2, 2023 4:15am
https://www.armstrongeconomics.com/a...of-complexity/
POSTMASTER
  • #771,979
  • Sep 2, 2023 4:19am Sep 2, 2023 4:19am
this thread lost its professional status a long time ago.
this is more of a chat page.
  • #771,980
  • Sep 2, 2023 4:19am Sep 2, 2023 4:19am
Quoting Nordling
{quote} Trust the data guys, on d1 usd is overbought and lost momentum, bad labor data, bad gdp, DUMP USD. Nothing supporting USD now. Use GU and EU pullbacks as buying opportunities.
my own chart which I can’t access ATM, says give it another week or so, after GU pokes its toe below 1.25, before buying with less risk. But I am with you on USD dump soon to come
Compulsions can be hard to resist
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