Cable Update (GBPUSD)

im gona go short again if this hourly GU candle closes red

It depends on how "big time / big size" traders. Insider info from market movers isn't cheap. I heard it costs like $500,000 USD to get notified exactly when and where they plan to do a pump and dump. That's just for 1 episode. I had a local friend in my area years ago who fortunately struck it rich on Bitcoin, then started a successful crypto trading company, with a total of $800 Million worth of customer funds last I heard about 2-3 years ago, around the peak of the last crypto bull market. He gave me a lot of high end info back then from the elite investor's world. He was a genius far above my level. We drifted apart due to personal disagreements and haven't talked since. I have no clue how he managed in the crypto bear market since we last spoke.

Asia being good to me thank you all gold longs hit tp

Good recovery .
You've done it before, you can do it again!

new edit: sorry this is so looong. not intended. just kept on typing. learned so much had to share it.

i'm arnold. i think like arnold. not pc. i'm not concerned about philosopical truth. i do my trading for real results and money so this is my motivation. when i stood back and put my personal feelings out of it i looked at it to see reality not opinion. i spent time searching to draw up a kinda map exctly as peter described to be factual about it. no opinions. no beliefs. no accepted anything interfering at first. i looked at this site. i looked at the trading culture. i looked at the trading industry that we now have. and i did research on the history of trading and industry and found lots of facts that contradict what we all think is trading. i looked at the facts how most of us trade not free market but it is cfds made active by brokers. its why we can have floating or fixed pip spreads, why lots of brokers show same look to charts. its why people have no idea how many liquidity providers are factually out there today. why some areas cannot use outside brokers and lots more. i looked at bis and world bank and the factual interlocking of them with central banks and how all small to large daily activity of each country is monitored and why perception of conventional wisdom is not factual and creates a contradictory view on trading. i tried to be thorough and keep my views out of it. and peter was correct in stating that real life is very different to these sites. peter talked about learning about the big boys and how they leave paper trails everywhere and this is how you learn how they have to do things. i didnt understand this until i rememberd that activity has a trail and the trail has more trail. i remembered peter said its like what warren buffet etc does. its kinda dumb now looking back coz peter said its not about bignoting himself its just how its been done all along. he looks at the needs and wants of the network and uses that to see trickle down to the beurocratic levels. all the way to the brokers. i tried this on paper and its huge. but it makes sense. so now when i trade i can see why the network operates. sounds crazy right. but not knowing why in the big view leads to guessing and hoping on future trading. i nkow now this is why peter was so noisy about past present. its not about predicting anything its all about protection and understanding the network. people who dont are exposed to having everything taken from them in real life. i now know theres a HUGE gap btween information and factual knowledge. ive experienced it now so i cant look away from it.

i learned that the LPs big boys are a huge pool and more than just banks as we believe. i learned that tfs are just a convenient way to break down time horizon of active money and has little to do with risk and trading. so yeah lots of great details and factual knowledge not just heresay as on these sites. peter said many times that real fundamentals have nothing to do with we are told they are. its not the speeches and anouncements and data or any isolated event. the things i now know teach me its a network of all things. so to trade it you have to see this and think this way. or just guess and hope. i learned aftermath of my trades closed out has an impact on future trading of me and others. like a snowball of causes and effects. i now know that this site does not cater to people who seek to trade long term coz it encapsulates and insulates people from the network. like placing everyone on a deserted island and calling it real life.

shit. sorry. so much words. ok cool. yeah once i stopped trying to do min work for max profit i learnd something that is real. i now know its real coz its part of the network. this network is searchable and can be seen by everyone. its not hidden or some ghost story.

yes man thanks for the appreciation.. gives fuel to my fire

From $10m to $300bn is no longer one man operation. Also, it would be better to trade commodities futures or bonds, i.e riding riding with massive contract size. Or as you said indices/stocks/bitcoin.
Folks like this would no longer susceptible to making emotional trading errors or let the market ride 100 tics against them then "hoping" it will recover. Drawdown become one of the most important thing in the trade management.
No stop loss will of course be using, but a system that will automatically cut losses when the time come.
Liquidating at market orders when a certain % of capital is transgressed.
Or the best risk free trading is arbitrage trading- like the hedge funds doin

This was a very good read, not too long at all. I like your style of writing, declaring what you've learned and now know.

Scalp long

ROFLMAO


you jumped into my conversation with him LOL

So it really turned out that 1.25000 was made in china.
But honestly, I still see a bullish GU till 1.25260 @ least.

I agree no less with you but dxy Will still guide me on how I will go about trading GU. Since the beginning of this week, dollar index has been moving within a range as you can see in the chart below. How price reacts to the roof or ceiling of the range would determine my direction on GU

didn’t even know he was talking to you , I just read his comment and it made perfect sense to me . Putting you on the ignore list immediately!

My only concern is GU has refused to break this week's Psychological Level above or below and that's the core of my day trading strategy . I need that break either to the upside or the downside...it's just a matter of time anyway .

sure thing ali... LMAO


him quoting me didnt tip off your stupid ass?

Brilliant ! That's exactly the action of market makers, I wish all traders were equipped with this knowledge and there would be more winners than losers.

Heyyy I'm finna sue you for copyright infringement
But yea I now hope we've seen the last of 2500 for at least the next 12hrs

The price will go below daily pivot first.

Sometime during NY session/ after EU news, the price can spike.

IMO

Added @1.2487

SL & TP pending...