Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#774,701
Sep 14, 2023 10:20am Sep 14, 2023 10:20am

bfx17
| Joined May 2017 | Status: Trader | 702 Posts

Quoting GEfx

Disliked

{quote} It's just that you sound like Peter. And share some of his posting attributes. You posted in your profile that you are in the US, but then mention something about CFDs. Do you understand the questions that raises?

Ignored

Yes, he is from US, but he cannot reply right now because in US is currently night and he is sleeping

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

#774,702
Sep 14, 2023 10:22am Sep 14, 2023 10:22am

dantpm
Joined Aug 2022 | Status: Trader | 4,859 Posts

Quoting bfx17

Disliked

{quote} Yes, he is from US, but he cannot reply right now because in US is currently night and he is sleeping

Ignored

You might have your time zones flipped. In the US NY is open so it is daytime.

#774,703
Sep 14, 2023 10:25am Sep 14, 2023 10:25am

bfx17
| Joined May 2017 | Status: Trader | 702 Posts

Quoting dantpm

Disliked

{quote} You might have your time zones flipped. In the US NY is open so it is daytime.

Ignored

lol...sure man, it was an irony, because I strongly believe he is not from US...sometime ago in his profile there was mentioned another country...he recently change it to US...that's why I asked him when did he move to US and Gefx is asking him about trading Fx CFDs in US?

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

#774,704
Sep 14, 2023 10:31am Sep 14, 2023 10:31am

Coreg2004
Joined Oct 2009 | Status: Trader | 5,639 Posts

Quoting dantpm

Disliked

{quote} 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.

Ignored

dantpm, yes, the magnitude is unknown. I stick with my rules, with the trend 80-100-120% daily ATR(14) run (after NR4/ID-150%), C-T trade, bounce of 30%. For today ATR(14)=91pips

Always trade your own plan...I don't provide trading signals.

#774,705
Sep 14, 2023 10:38am Sep 14, 2023 10:38am

montygoldy
Joined May 2017 | Status: Intermediate Trader | 6,412 Posts

Trying some gold shorts at 1909 targeting 1907…

Extreme gut feeling trader

#774,706
Sep 14, 2023 10:46am Sep 14, 2023 10:46am

montygoldy
Joined May 2017 | Status: Intermediate Trader | 6,412 Posts

Quoting montygoldy

Disliked

Trying some gold shorts at 1909 targeting 1907…

Ignored

tp hit

Extreme gut feeling trader

#774,707
Sep 14, 2023 10:48am Sep 14, 2023 10:48am

montygoldy
Joined May 2017 | Status: Intermediate Trader | 6,412 Posts

For cable dont want to sell at these levels… sniffing for buys maybe around 1.23800-900…. For 20-30 pip scalps

Extreme gut feeling trader

#774,708
Sep 14, 2023 10:49am Sep 14, 2023 10:49am

Moty
Joined Dec 2017 | Status: Trader | 30,688 Posts

Quoting Moty

Disliked

{quote} Another win I so stupid, i could be in huge profit Come on mister dx mf ,close your gap and drop Already {image}

Ignored

And another one

You forgot thow o go up mf ?

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yes yes yes

#774,709
Sep 14, 2023 11:00am Sep 14, 2023 11:00am

greenpips4
Joined Jan 2022 | Status: SCARED MONEY NEVER WINS... | 251 Posts

this current level can break tomorrow with crazy momentum or will see a 150-200 pips pullback from here..

#774,710
Sep 14, 2023 11:02am Sep 14, 2023 11:02am

Mitiblotch
Joined Sep 2017 | Status: Trader | 11,251 Posts

Quoting Mitiblotch

Disliked

EU has done roughly 100 pips today. GU hasn't. I expect 1.2406 to get hit to complete it 100 pips!!!

Ignored

Yes, thank me. Hehehe

#774,711
Sep 14, 2023 11:17am Sep 14, 2023 11:17am

Moty
Joined Dec 2017 | Status: Trader | 30,688 Posts

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yes yes yes

#774,712
Sep 14, 2023 11:20am Sep 14, 2023 11:20am

montygoldy
Joined May 2017 | Status: Intermediate Trader | 6,412 Posts

Quoting montygoldy

Disliked

Anyone interested in us30 my gut feeling a nice opportunity to register 35000 this week… i am only looking to buy dips …

Ignored

said this on monday easy money there dow close to 35k

Extreme gut feeling trader

#774,713
Sep 14, 2023 11:21am Sep 14, 2023 11:21am

GEfx
Joined May 2009 | Status: Trader | 3,730 Posts

Quoting bfx17

Disliked

{quote} Yes, he is from US, but he cannot reply right now because in US is currently night and he is sleeping

Ignored

I'm not sure he is from the US. He is not keeping US hours, he talks about/trades CFDs, his vocabulary seems very similar to PeterCaleb, and he talks about similar non-forex subjects like Peter. It is night in Asia right now, so if you follow the clues, then...

BTW, sorry about this distraction. Today has been a very nice trading day. I was in the GA and EA since before the ECB announcement, and been adding since then. Also the G$. Sorry I have not been able to post pre-analysis trade ideas. Maybe join in on that next week. Hope you all got some pips today.

Regarding the Fed next week, my 2 cents is the same as it was several weeks ago: they are going to look pretty dumb if inflation continues to rise in coming months after not raising them next week. All inflation indicators are pointing up and GDP estimates are above 5%. I give it a 75% chance of a .25% rate hike. Take care everyone and good trading.

#774,714
Sep 14, 2023 11:22am Sep 14, 2023 11:22am

KareemAliFx
Joined Oct 2019 | Status: Trader | 2,448 Posts

Very nice dump today. , love waking up to pips

Master your mind. Master Trading.

#774,715
Sep 14, 2023 11:24am Sep 14, 2023 11:24am

Jackoboms
| Joined Jun 2023 | Status: Trader | 596 Posts

seems market just went hard down to take out some SL

#774,716
Sep 14, 2023 11:27am Sep 14, 2023 11:27am

Fardeen1209
Temporarily Suspended | Joined Jul 2021 | 3,677 Posts

Quoting dantpm

Disliked

{quote} I understand how trading is not about the charts. The basic point is that you suggested the rate increase because of economic weakness. How does that work? A rate increase should spur the longer term currency value to rise and if the market actually reacted to news in the shorter term as well.

Ignored

I once explained it how central bank hike to tame inflation, when GDP/Economic Activity (just fancy words- but in reality is same thing) is weak- it is in fact bad for the currency because it acts as an indication something may crack or break in the future or more precisely down the road, the central bank needs to cut rate quicker than expected. This put selling pressure on the external value of the country's currency (Euro for Eurozone, Pound sterling for Uk, Dollar for US, Aus Dollar for Australia).

As opposed for a strong GDP, it indicates the economy can hold the tightening cycle without facing headwinds ahead. So no need for sooner rate cut due to "hard landing"

Now my average wait for my trade to reach it Final TP vary from 8hrs to 28hrs

During the wait either i read articles about the next 2 days fundamental data to see what experts are expecting, so i can a better trading decision, to be right on the trade of the day. ** Note that no matter how good their opinions might appear, it is just an opinion, Price Action give the best trading decision since Price is efficient (includes the Known, unknown, past, future, surprise)

Hear the link, explaining everything what was expected (Hindsight)
https://corporate.nordea.com/article...h-hawkish-hold

Which i shared a post yesterday (foresight one)

Quoting Fardeen1209

Disliked

GU longs probably watch out. Tomorrow ECB rate day, EU still open to fall despite ranging mode {image}

Ignored

Now, the relation between CPI, Interest Rate, GDP, Cash Inflow/Outflow on the Balance of Payment, currency external value (Appreciation/depreciation) was developed by Monetarists (monetary Policy) and Keynesians(Fiscal policy - Tax), simple theory to learn about fundamental to understand the relationship between these data.

More time in the market, does not mean you trade better!