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Cable Update (GBPUSD)

  • #784,021
  • Oct 18, 2023 5:41am Oct 18, 2023 5:41am
Quoting JackintheBox
{quote} Unfortunately 1.2196 area did not hold, small action long when It was breached 3 minutes ago, than break. īSo it was a trap above 1.2205. Now short term professionals are in minus. I don't think they will push it up one more time to 1.2210's area, too much selling volume there and too many long positions open between 1.2196 and 1.2210's. They have to unwind some long now. Chances of break 1.2210's now very low, may be in US-Session. It's sad because so we get no clear picture, means roulette to sell / buy, means no position means no money...
They sold now their positions from the morning, probably with a minus. Now we are in the middle again of ADR. Current rejection comes from triangle formation. Big shorties from top (1.2210's) buy some positions back from the morning fight with the long. Long's will use that chances to unwind more longs now in the middle 1.2180's area. Game starts over now. Middle of nowhere now unfortunately, no trade for me. See you later on Us-Session.
  • #784,022
  • Oct 18, 2023 5:42am Oct 18, 2023 5:42am
Quoting BeeTogether
Was in a meeting this morning, so missed the action. Any idea what caused the drop?
Half of the factory yelling to go long because... reasons. The "big boys" heard the battle cry and decided to "manipulate".

Or something. I'm not great at creative writing like everyone else here.
Congratulations ScalaFX for coming out of the closet!
  • #784,023
  • Oct 18, 2023 5:42am Oct 18, 2023 5:42am
Quoting hoda
Before London open....warmup profit {image}
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  • #784,024
  • Oct 18, 2023 5:47am Oct 18, 2023 5:47am
Quoting JackintheBox
{quote} They sold now their positions from the morning, probably with a minus. Now we are in the middle again of ADR. Current rejection comes from triangle formation. Big shorties from top (1.2210's) buy some positions back from the morning fight with the long. Long's will use that chances to unwind more longs now in the middle 1.2180's area. Game starts over now. Middle of nowhere now unfortunately, no trade for me. See you later on Us-Session.
So if I was to fade this post... keep going short, or add to it. Got it.
Congratulations ScalaFX for coming out of the closet!
  • #784,025
  • Oct 18, 2023 5:55am Oct 18, 2023 5:55am
Quoting nubcake
{quote} So if I was to fade this post... keep going short, or add to it. Got it.
I think you missed it. You are supposed to go long AND short, just to be sure you can post your winning trade, no matter what.
To free Gazans of Hamas, use whatever it takes.
  • #784,026
  • Oct 18, 2023 5:57am Oct 18, 2023 5:57am
Quoting BeeTogether
Was in a meeting this morning, so missed the action. Any idea what caused the drop?
CPI 'caused' the pop up and then it went away...
  • #784,027
  • Edited 5:02pm Oct 18, 2023 5:58am | Edited 5:02pm
I went long on this on the back of a better than expected CPI q/q...and it goes south/sideways.. It's as if the MM's are thinking, "Retail wants it to go North, so we'll make it go South'.

Is there any reliable news that moves the markets go where you would expect it to go?

Can you actually make money on Forex these days? I'm thinking not.
  • #784,028
  • Oct 18, 2023 5:58am Oct 18, 2023 5:58am
Quoting nubcake
{quote} So if I was to fade this post... keep going short, or add to it. Got it.
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  • #784,029
  • Oct 18, 2023 6:01am Oct 18, 2023 6:01am
Quoting T721
{quote} {image}
If there's one thing I know about "traders" it is they love being wrong.

Haters gonna hate
Congratulations ScalaFX for coming out of the closet!
  • #784,030
  • Oct 18, 2023 6:01am Oct 18, 2023 6:01am
Quoting nubcake
Maybe I should stop pushing the market south with my might. Have fun.
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  • #784,031
  • Oct 18, 2023 6:02am Oct 18, 2023 6:02am
Quoting DrDave
{quote} I think you missed it. You are supposed to go long AND short, just to be sure you can post your winning trade, no matter what.
voeltoez seems to have done pretty well at that this am!
  • #784,032
  • Oct 18, 2023 6:02am Oct 18, 2023 6:02am
Quoting nubcake
Maybe I should stop pushing the market south with my might. Have fun.
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  • #784,033
  • Oct 18, 2023 6:04am Oct 18, 2023 6:04am
Quoting T721
{quote} {image}

Nah he is just practicing that GU skill of tearing apart other traders without any recommendations of his own.
  • #784,034
  • Oct 18, 2023 6:06am Oct 18, 2023 6:06am
Quoting nubcake
{quote} If there's one thing I know about "traders" it is they love being wrong. Haters gonna hate
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  • #784,035
  • Oct 18, 2023 6:07am Oct 18, 2023 6:07am
Quoting T721
{quote} {image}
And yet the price kept going south, despite the cries for longs. So, was I talking bullshit? Or was I moving the market?

Yes, of course I was talking bullshit. Anyone thinking otherwise needs to disconnect their wifi.

But, hey, everyone else can talk shit as long as it's a long drawn-out narrative that has no bearing in reality. Lol.
Congratulations ScalaFX for coming out of the closet!
  • #784,036
  • Oct 18, 2023 6:11am Oct 18, 2023 6:11am
Quoting BeeTogether
Was in a meeting this morning, so missed the action. Any idea what caused the drop?
Dollar was at an intermediate Support Level, show sign of rejection to go below, it went back up. Now at Resistance level
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Gave me some good scalping opportunity in EU.

GU is acting like a B lately, waiting for Breakout from range
More time in the market, does not mean you trade better!
  • #784,037
  • Oct 18, 2023 6:13am Oct 18, 2023 6:13am
Quoting dantpm
{quote} Nah he is just practicing that GU skill of tearing apart other traders without any recommendations of his own.
My recommendation should be pretty clear after my posts tonight. Stop listening to the peanut gallery, is the recommendation at all times.
Congratulations ScalaFX for coming out of the closet!
  • #784,038
  • Oct 18, 2023 6:17am Oct 18, 2023 6:17am
Quoting nubcake
{quote} My recommendation should be pretty clear after my posts tonight. Stop listening to the peanut gallery, is the recommendation at all times.
Thank you for your input.
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  • #784,039
  • Oct 18, 2023 6:18am Oct 18, 2023 6:18am
Quoting nubcake
{quote} My recommendation should be pretty clear after my posts tonight. Stop listening to the peanut gallery, is the recommendation at all times.
Post some analysis or STFU
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  • #784,040
  • Oct 18, 2023 6:18am Oct 18, 2023 6:18am
Quoting dantpm
{quote} Thank you for your input. {image}
If you look back I actually called the top and when to short. I just didn't jerk anyone off when I did it.

Probably just lucky... probably.
Congratulations ScalaFX for coming out of the closet!
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