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Cable Update (GBPUSD)

  • #774,681
  • Sep 14, 2023 9:23am Sep 14, 2023 9:23am
Bought 1.2403... target is open... Monthly distance already 313 pips... Quarter distance 742 pips... 200 pips bounce to 1.2600 is a real possibility anywhere from 1.2380 - 1. 2400 to 1.2600.
Data + Stat + Risk/Emotions Management
  • #774,682
  • Edited 9:44am Sep 14, 2023 9:25am | Edited 9:44am
Quoting xdung
I still don't understand the interest rate increase, but eur gbp is decreasing??
There's nothing to understand. Extreme price manipulation happens on high-impact news and that's all you need to know. Basically, stay out when these news are taking place and you'll have nothing to worry about, let alone trying to explain this blatant bullshit they do every time there is high-impact news.

Of course, they'll always give you a reason why price went up or why price went down.

IT'S ALL BULLSHIT! Don't trade during the High-Impact News and you'll have nothing to worry about. You don't even have to know what the numbers are (because it doesn't matter anyway). You just need to know when these High-Impact News are, so you avoid trading at that particular time.

Leave the fundamentals alone! Fundamentals never made me any money, but lost me very much, trust me!
Behave as if fundamentals don't even exist, only your chart and your system (strategy). Only know when these useless news are and that's it.
  • #774,683
  • Sep 14, 2023 9:27am Sep 14, 2023 9:27am
USD gets weaker now over the board. I think that's it for today. For me no trade anymore, PA is way too slow. Could be a prepare for further drop later after London close. Big no for me to play long here. But Signals are mixed anyway. Kind of roulette now for me. I stay aside. See you may be at a new low.
  • #774,684
  • Sep 14, 2023 9:27am Sep 14, 2023 9:27am
Quoting JackintheBox
{quote} Sold half of all 1.2407, I dont like the PA at all. Too slow for me. Edit: Sold everything at 1.2413, just right now. Potential till 1.2418 is there but I skipped that.
I believe you need that whole HH HL thing happening prior to risking a long.
  • #774,685
  • Sep 14, 2023 9:32am Sep 14, 2023 9:32am
Quoting fx6996
{quote} Actually I have NO IDEA what you are talking about. The reason cable dropped isn't due to the EU its due to great USA data. Maybe instead of blaming others and cryig manipulation you should learn to interpret the news and understand HOW it works?
I didn't provide a reason why GBP/USD is going down (fundamental). I shared that my chart H1 confirmed Short on EUR/USD and GBP/USD before the news even happened, so it has nothing to do with stupid fundamentals, rather TA.

Oh really, great US data? What happened yesterday then on higher CPI? Why didn't USD go up yesterday? Why didn't EUR go up today despite ECB raising rates and forecast was that ECB probably won't raise?

LEAVE THE NEWS MAN! NEWS ARE USELESS! Take this as an advice, because the sooner you realize news don't matter, the better you'll become.
  • #774,686
  • Sep 14, 2023 9:35am Sep 14, 2023 9:35am
Quoting JackintheBox
{quote} Hmmm...cannot confirm that. Anyway: All numbers were good for US-Economy but the problem is: Inflation is not solved at all. {image} Core Retail Sales jumped up, strong economy but also inflation driver PPI Jumped up again, extremely sensitive indicator for inflation in future Unemployment claims dropped a bit /unchanged so no sign of rezession here Chances go up now that FED is at least keeping rates up or even higher rates next round. Dollar remains strong, Euro tumbling down even more next time, long way to go for eurozone. Made my money...
All of this analysis is a waste of time. I have followed fundamental analysis way too much time actually! More than I should have ever spent on this bullshit.

Instead, spending your time on Technical Analysis will get you pips. Fundamental analysis won't.
  • #774,687
  • Sep 14, 2023 9:35am Sep 14, 2023 9:35am
Quoting Moty
{quote} Another win I so stupid, i could be in huge profit Come on mister dx mf ,close your gap and drop Already {image}
Or don't close
Just drop mf
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yes yes yes
  • #774,688
  • Sep 14, 2023 9:36am Sep 14, 2023 9:36am
Quoting T721
{quote} Will turn soon imo, started too build longs on eu @658 would still like lower to add
Looking for 150pips or more --- Just my 3cents
  • #774,689
  • Sep 14, 2023 9:38am Sep 14, 2023 9:38am
Quoting dantpm
{quote} I believe you need that whole HH HL thing happening prior to risking a long.
I like to trade oversold/overbought areas. Mostly I cannot wait for that confirmation.
  • #774,690
  • Sep 14, 2023 9:43am Sep 14, 2023 9:43am
Quoting JereMi256
{quote} SL adjusted {image}
Closed all shorts @1.2425

Pevious loss covered!
Face 'ur fears & tame 'ur greed
  • #774,691
  • Sep 14, 2023 9:49am Sep 14, 2023 9:49am
Quoting TheWraith
{quote} There's nothing to understand. Extreme price manipulation happens on high-impact news and that's all you need to know. Basically, stay out when these news are taking place and you'll have nothing to worry about, let alone trying to explain this blatant bullshit they do every time there is high-impact news. Of course, they'll always give you a reason why price went up or why price went down. IT'S ALL BULLSHIT! Don't trade during the High-Impact News and you'll have nothing to worry about. You don't even have to know what the numbers (because...
absolutely...in hindsight there are always explanations for what happened...I'd also add that I suspect the figures are known in advance by the big boys...obviously, not a fair game, but we know the rules...
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
  • #774,692
  • Sep 14, 2023 9:52am Sep 14, 2023 9:52am
next week could be interesting. Let’s see where it takes us. 127 my initial target followed by 129 then looking to short at 130. However if FOMC raises rates and BoE looks to pause we will easily open door to Brains 121 magnet
Insane in the Brain..
  • #774,693
  • Sep 14, 2023 9:58am Sep 14, 2023 9:58am
Quoting BeeTogether
next week could be interesting. Let’s see where it takes us. 127 my initial target followed by 129 then looking to short at 130. However if FOMC raises rates and BoE looks to pause we will easily open door to Brains 121 magnet
I will be very surprised if the FED raises rates.
It is very possible that the market could still react as if the FED had raised rates a little like the exaggerated move today with the EU rate change!
  • #774,694
  • Sep 14, 2023 9:58am Sep 14, 2023 9:58am
Quoting Robinhood1
{quote} Closed at 1.2490
Hey Robinhood!

This Weekly candle will close below the Support (gray line). Now, next week, after I see retracement on Yen pairs, I'll go Short EUR/JPY, GBP/JPY and CHF/JPY.
These will be my last trades that I'm sharing here on FF I think, so just so you know that I might be done writing.

See you next week! I'll post the trades next week when I enter Short.
  • #774,695
  • Sep 14, 2023 10:00am Sep 14, 2023 10:00am
Now gold being a goodboy scalp long was a bit late but ended up in a good profit…. Equity reachet 9.1k my aim is 10k this week so from now to friday going to be risking less as in the past i have been liquidity on friday
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Extreme gut feeling trader
  • #774,696
  • Edited 10:27am Sep 14, 2023 10:01am | Edited 10:27am
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set it free ect ect ect RANGE wet Klaw knows Guardians Edited 11:22am 33rd degree all quiET..script writers
  • #774,697
  • Sep 14, 2023 10:08am Sep 14, 2023 10:08am
Quoting bfx17
{quote} absolutely...in hindsight there are always explanations for what happened...I'd also add that I suspect the figures are known in advance by the big boys...obviously, not a fair game, but we know the rules...
bfx17, I think we can find on the chart our own inflection points by reading PA and finding the spot where a reaction is expected. We give too much credit or blame to MM.
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Always trade your own plan...I don't provide trading signals.
  • #774,698
  • Sep 14, 2023 10:09am Sep 14, 2023 10:09am
Quoting eyefeelsix
{quote} reduce the risk for max profits by price action.. {image}

yesterday's storm caused me to jump from the ship before the time lol

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https://breakpullback.com
  • #774,699
  • Sep 14, 2023 10:14am Sep 14, 2023 10:14am
Quoting Coreg2004
{quote} bfx17, I think we can find on the chart our own inflection points by reading PA and finding the spot where a reaction is expected. We give too much credit or blame to MM. {image}
Agree that the charts can show you where to expect reactions. The 'blame' on the MM's is more about the magnitude or price range involved the correction IMHO.
  • #774,700
  • Sep 14, 2023 10:15am Sep 14, 2023 10:15am
Quoting Coreg2004
{quote} bfx17, I think we can find on the chart our own inflection points by reading PA and finding the spot where a reaction is expected. We give too much credit or blame to MM. {image}
I agree...in my opinion they are targeting liquidity with these moves...so yes, we can wait for the price to reach those liquidity zones and then make a decision...and no, I do not blame the MM or anyone else, because as I said, we know the conditions of this game...or we should know them.

cheers
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
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