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Cable Update (GBPUSD)

  • #772,501
  • Sep 4, 2023 1:54pm Sep 4, 2023 1:54pm
Quoting thevisitor
Long 1.2618 TP1 1.27 TP2 1.28 Sl 1.2580 This is no signal service!!
Sl 1.26
  • #772,502
  • Edited Sep 5, 2023 2:39am Sep 4, 2023 2:26pm | Edited Sep 5, 2023 2:39am
Quoting Waveskierrob
{quote} doesn't believe in using the Ignore button but uses it.......genius...
Robknob, there is a limit anyone can take. You may not want to use the ignore button when defamation become excessive. The whole system designed by FF is exactly against honest posters who have no ulterior motives..We are told to ignore shitposters. If you ignore someone you cannot report defamatory remarks because you have been blocked by their posts. The gang has seen that and taking full advantage by posting even more defamatory remarks. At this point one would think that the administrators will step in. Oh no Sherlock, it does not happen.
Trade to trade another day
  • #772,503
  • Edited 3:37pm Sep 4, 2023 2:37pm | Edited 3:37pm
If price breaks the double order block zone on m15 I see a run for the gap at 1.266 and overshoot into the center of the above ob about 1.268

A run below should look for 1.2500 and possibly overshoot just thinking ab cd logic from the h1 recent swing high low fib retracement

So much hate thrown around in here geez I thought we were here to share trade ideas oh well I guess I'm just a noob what do I know
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  • #772,504
  • Sep 4, 2023 2:38pm Sep 4, 2023 2:38pm
Quoting Wavegarrick
{quote} Robknob, there is a limit anyone can take. You may not want to use the ignore button when defamation and deflamotory remarks become excessive. The whole system designed by FF is exactly against honest posters who have no ulterior motives..We are told to ignore shitposters. If you ignore someone you cannot report deflamatory remarks because you have been blocked by their posts. The gang has seen that and taking full advantage by posting even more deflamatory remarks. At this point one would think that the administrators will step in. Oh no...
Thanks for that Leon ...boring but Thanks...
  • #772,505
  • Sep 4, 2023 2:43pm Sep 4, 2023 2:43pm
Took my shot here - Day, H4 and H1 downtrend, Weekly and Daily central, 38.2 fib retrace, took during US Session, however Labour Day so thin liquidity. Hopefully the line is defended.



GBPUSD M15
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  • #772,506
  • Sep 4, 2023 2:46pm Sep 4, 2023 2:46pm
Quoting TheWraith
GBP/USD Time to Short.. 15M, 30, H1, H4 & Daily charts. {image} {image} {image} {image} {image}
Bad signal (no volatility), out of Short.
  • #772,507
  • Sep 4, 2023 2:50pm Sep 4, 2023 2:50pm
only my 2 cents...
shorters wil squeeze out soon
  • #772,508
  • Sep 4, 2023 2:50pm Sep 4, 2023 2:50pm
Quoting donfriday
{quote} same view
I am done for the day.

Fantabulous day ever. Small range days helps me as price will not run against me much

In another 1.15 min..NY to close and Asia to open.

Will analyze possibilities after 9 pm EST
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Intraday only.
  • #772,509
  • Sep 4, 2023 2:53pm Sep 4, 2023 2:53pm
The daily has turned bearish on Friday.

Does not mean that the price will fall heavily next day.

Intraday only.
  • #772,510
  • Sep 4, 2023 3:05pm Sep 4, 2023 3:05pm
Quoting navk
Quoting MTF Test
{quote} I still did not loose hopes with MFF. Possible scenario : 1. MFF will be asked to pay hefty fines 2. MFF will not loose registration done in canada. This will allow them to restructure. In the mean time they might move offshore 3. MFF will be asked to pay all account holders the fee and profit share. Here I do not expect any problem because MFF has been paying. 4. Iff MFF moves off shore, they will migrate all live + challenge accounts to new location. But... all will take time. The current freeze is only 2 weeks
...
I doubt MFF will ever see the light of day again. Not sure what this does to deposits.

CFTC Charges “My Forex Funds” with Fraudulently Taking Over $300 Million From Customers Hoping to Become Professional Traders | CFTC
  • #772,511
  • Sep 4, 2023 3:08pm Sep 4, 2023 3:08pm
Quoting GEfx
{quote}{quote} I doubt MFF will ever see the light of day again. Not sure what this does to deposits. CFTC Charges “My Forex Funds” with Fraudulently Taking Over $300 Million From Customers Hoping to Become Professional Traders | CFTC
Some regulatory issues.

Better you jump to another thread. And ask questions.

I am tired of this questions.

And better this thread be trading thread.
Intraday only.
  • #772,512
  • Sep 4, 2023 3:12pm Sep 4, 2023 3:12pm
DXY is trading within the top of the Friday range, a range that was defined by low volume. Today also has low volume. It will be interesting to see where this goes tomorrow as regular volume is at least available.
  • #772,513
  • Sep 4, 2023 3:15pm Sep 4, 2023 3:15pm
This is not a trading thread, a teaching thread or a learning thread, it's a drama thread has been for ages hence why there are so many viewers, folks love drama not charts with squiggly lines, there are so many other threads for learning and teaching, this ain't one of them, time to call a spade a spade....
  • #772,514
  • Sep 4, 2023 3:28pm Sep 4, 2023 3:28pm
Quoting dantpm
DXY is trading within the top of the Friday range, a range that was defined by low volume. Today also has low volume. It will be interesting to see where this goes tomorrow as regular volume is at least available.
looks ripe for a real drop to me
  • #772,515
  • Sep 4, 2023 3:32pm Sep 4, 2023 3:32pm
Quoting AlfieSolomon
he started ignoring me but didn't gave the answer {image}
No worries....he can ignore and ignore, it doesnt matter...most of traders who saw the discussions regarding navk are now aware of his real nature. There are still a few backing him up, but overall he lost his credibility big time....and for good reasons.
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
  • #772,516
  • Sep 4, 2023 3:34pm Sep 4, 2023 3:34pm
Quoting forexn00b81
{quote} looks ripe for a real drop to me
DXY weakness is very probable but how it translates to GU will be more interesting. There were lots of moves that suggested huge weakness in the dollar contra today. Weakness that could simply have reflected low volume.
  • #772,517
  • Sep 4, 2023 3:35pm Sep 4, 2023 3:35pm
Quoting navk
The daily has turned bearish on Friday. Does not mean that the price will fall heavily next day.
corrective...not bearish...
  • #772,518
  • Sep 4, 2023 3:40pm Sep 4, 2023 3:40pm
Thinking we could see 1.2500 soon possibly
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  • #772,519
  • Sep 4, 2023 3:47pm Sep 4, 2023 3:47pm
Quoting forexn00b81
Thinking we could see 1.2500 soon possibly {image}
same aa well
Extreme gut feeling trader
  • #772,520
  • Sep 4, 2023 3:47pm Sep 4, 2023 3:47pm
Quoting birdland
{quote} Peter, i have been told a few times about the relevance of ftse and gu, but no one has been able to explain to me conclusively how the two are related. what should i be looking at when i superimpose the two (GU&FTSE100)? so far i have only noticed that they tend to run contrary to each other, but i cannot derive a rule from this. thx.
Peter gave you the best answer he can. He introduced the concept of constituency, which has nothing to do with your question, because he doesn't know how to answer your question. He said the GBP is a constituent base, which means that there are many elements that determine its value, which is true, but that has nothing to do with the correlation between the FTSE and the GBP. He then said, for some reason, "All industries and management and conservative departments. Each major centre of business and finance worldwide, has it's own constituent base ie. "currency". This in part is what it's about." It is up to the reader to determine what he means, but in my view it is a mumble of nothingness. He then says, "They always "appear" to be in competition with each other but are not, cannot be. Look at the FTSE and learn what it is, why it was created, how important it is or not important. Once you begin to read through these you can see the connectors. No there is NOT a quick simple answer, there is knowledge then there's other." I have no idea what that means, but if I had no idea how to answer your question, I might have come up with something better than that.

Here is the standard answer to your question. The relationship between the FTSE and the GBP, is lead by the GBP (don't think that the FTSE moves will foreshadow moves in the GBP. It's the other way around). As GBP rises in value, the FTSE tends to fall. As GBP loses value, the FTSE tends to rise. This relationship can be/is often delayed a bit, because there are lots of complexities in financial markets that can drown out or defer impacts of GBP moves. But the basic idea is this: if the GBP falls in value, then businesses in GB become more competitive (falling GBP results in falling relative prices) with companies from the EU, Japan, the US, etc., and the net present value of possible increases in sales and profits will cause share prices to rise. And visa versa is the GBP rises, where GB businesses will see rising prices, and falling competitiveness. The same thing holds true with the USD and exchanges like the S&P 500 in the US. Same thing is going on. If you want to look into this further, look at how the FTSE responded to the fall in the GBP after BREXIT. Hope this helps!
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