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Cable Update (GBPUSD)

  • #788,021
  • Nov 4, 2023 10:40am Nov 4, 2023 10:40am
Too much assumption going on in this thread

everyone has an idea but no one has a clue , all the pretty charts, indicators and predictions mean absolutely diddly squat.

Then there are those who wish to give us a page of what already happened , as if we did not already know.


For xxxx sake just follow what your seeing and stop all this nonsense.

Trading is a reactive process in the time span we choose not a predictive process.
Follow The Markets Structure - Patience and Discipline
  • #788,022
  • Edited 11:24am Nov 4, 2023 11:14am | Edited 11:24am
Quoting pipfarm
Too much assumption going on in this thread everyone has an idea but no one has a clue , all the pretty charts, indicators and predictions mean absolutely diddly squat. Then there are those who wish to give us a page of what already happened , as if we did not already know. For xxxx sake just follow what your seeing and stop all this nonsense. Trading is a reactive process in the time span we choose not a predictive process.

well assumptions are parts of a plan, since youre just anticipating what could happen in the future. Then if youre assumptions do come true, then you act accordingly.

you are not acting based on predictions per se but only if your prediction come close to what is in the chart then you trade according to your plan (which again based on assumptions etc)
Fortune favors the brave.
  • #788,023
  • Nov 4, 2023 1:41pm Nov 4, 2023 1:41pm
Quoting mngnglkl
{quote} well assumptions are parts of a plan, since youre just anticipating what could happen in the future. Then if youre assumptions do come true, then you act accordingly. you are not acting based on predictions per se but only if your prediction come close to what is in the chart then you trade according to your plan (which again based on assumptions etc)
Your "assumptions"-based trading is essentially guessing. Look at all of the guesses that get posted when price reaches some perceived "important zone" that price will turn now so trades are entered, and how often the guesses are wrong. And now with the trade in drawdown, the next "important zone" or "feature" has been reached, so now FOR SURE price will turn, and more trades enered. Yet price does not turn but contiues even further. Instead of this guess-after-guess, look at a SMALLER TFs to TELL you with a CONFIRMED 1-2-3 that at this small view, price has indeed turned, and only THEN look for an entry.

Sure, there are some traders that simply mitigate the wrong guesses by using tight stops rather than going into large drawdown. But then they must have large winning trades to offset all of those stopped trades.

You don't have to get in at the start of a new direction.

Trend trading via Dow Theory (larger wave comprises 3 smaller waves to produce a 1-2-3 pattern) is based on observations of this 1-2-3 pattern that Charles Dow described. It is not a guessing game, but rather is putting a well-established pattern to good use.
To free Gazans of Hamas, use whatever it takes.
  • #788,024
  • Edited 2:01pm Nov 4, 2023 1:48pm | Edited 2:01pm
This guy has me on ignore and ony just joined FF, gotta laugh my ass off.... And his pic OMFG what a DICK that aint a physique. I think he must be apoof
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  • #788,025
  • Nov 4, 2023 1:51pm Nov 4, 2023 1:51pm
Quoting DrDave
{quote} Your "assumptions"-based trading is essentially guessing. Look at all of the guesses that get posted when price reaches some perceived "important zone" that price will turn now so trades are entered, and how often the guesses are wrong. And now with the trade in drawdown, the next "important zone" or "feature" has been reached, so now FOR SURE price will turn, and more trades enered. Yet price does not turn but contiues even further. Instead of this guess-after-guess, look at a SMALLER TFs to TELL you with a CONFIRMED 1-2-3 that at this...
I got 1 trade wrong on Fri, lost 17pips on EU but had some great trades on FTSE, ES, and eur/gbp ---- Cant getem alll right and know i never will but The Best we can do is manage DD on the shit trades and maximise the good trades by pressing the shit outta them... Hope you made loads last week DrDave
  • #788,026
  • Nov 4, 2023 1:54pm Nov 4, 2023 1:54pm
Im sure at least 50% oof the people following this thread are FAKE accounts, i checked a few and they have all joined this month and last month, Some of them are actually following accounts from years back. I think its just to make the thread look busier, Who knows. The only real people are those who actually participate daily
  • #788,027
  • Nov 4, 2023 2:02pm Nov 4, 2023 2:02pm
Quoting T721
This guy has me on ignore and ony just joined FF, gotta laugh my ass off.... And his pic OMFG what a DICK that aint a physique. I think he must be apoof {image}
And just like that he vanishes
  • #788,028
  • Nov 4, 2023 2:04pm Nov 4, 2023 2:04pm
Anywhoo, I am looking for GU and EU higher next week to short -- maybe Tuesday / Wed,,, will see
  • #788,029
  • Nov 4, 2023 2:19pm Nov 4, 2023 2:19pm
Quoting T721
This guy has me on ignore and ony just joined FF, gotta laugh my ass off.... And his pic OMFG what a DICK that aint a physique. I think he must be apoof {image}
Look at the members on his Ignore list. 3 different types of trading and he ignores all of them. LOL
To free Gazans of Hamas, use whatever it takes.
  • #788,030
  • Nov 4, 2023 2:21pm Nov 4, 2023 2:21pm
Quoting pipfarm
Too much assumption going on in this thread everyone has an idea but no one has a clue , all the pretty charts, indicators and predictions mean absolutely diddly squat. Then there are those who wish to give us a page of what already happened , as if we did not already know. For xxxx sake just follow what your seeing and stop all this nonsense. Trading is a reactive process in the time span we choose not a predictive process.
exactly
in wondering about yourself, you forgot what you came here to be part of
  • #788,031
  • Nov 4, 2023 3:20pm Nov 4, 2023 3:20pm
Quoting T721
This guy has me on ignore and ony just joined FF, gotta laugh my ass off.... And his pic OMFG what a DICK that aint a physique. I think he must be apoof {image}
Bro, too sensitive. Who cares? Life is way too short to get wrapped up in an 'on-line forum ignore'. On the importance scale the only reason to be even slightly concerned is if you want to be an online influencer and even those guys get ignores and dislikes!
  • #788,032
  • Edited 9:29pm Nov 4, 2023 8:28pm | Edited 9:29pm
a big part of the dollar collapse friday is the changing views in usa about israel and their treatment of palestinians

a bill passed the house for 14 billion aid while the same time republicans try to cut IRS from auditing rich people so trhats a non starter...biden already said hed veto it if the senate approved which they prolly wont so no money for netyahoo
https://www.npr.org/2023/10/31/12096...nding-bill-irs


you cant fight a war without money and usa is in no mood to give it to israel right now and the war was the only thing keeping the dollar in a 4 week holding pattern since its a safe haven after that shooting star 1st week of october

the other thing is mass protest against the bombing of gaza..heres one example today in front of the white house
https://www.dailymail.co.uk/news/art...ington-DC.html
https://www.theguardian.com/world/20...dc-on-saturday

just like usa erupted in response to the killings of black men at the hands of police few years ago the same frustrtaion is brewing about this war...its an unfair fight and americans like siding with the underdogs

like ive mentioned before the only americans unequivocally supporting israel and their killing are the evangelicals that want war to engulf the region so the second coming of christ can happen... theyre a crazy conservative religious group that invariably vote republican and constitute about 30% of their base

the rest of the saner americans are getting fed up supporting israel militarily and economically cause we dont see any benefit for us in doing so so opinions are changing especially with a corrupt netyahoo in charge....we're trying to put our corrupt fascists in jail and israel keeps voting them back into power


so in conclusion netyahoo isnt getting anymore money unless its under the table by the CIA and without usa aid israel is nothing



the dollar will keep falling to 104 like the chart says cause the "war" will end soon since usa isnt giving anymore money
short trump and go long the deepstate
  • #788,033
  • Nov 4, 2023 8:52pm Nov 4, 2023 8:52pm
for all of you that missed it....dont fook with a weekly shooting star LOL


good things come to the patient who dont get distracted during 4 weeks of range LOL

Quoting Zebi
{quote} youre all giving too much influence to 2 idiot factions fighting each other...the only way the dollar goes up is if some 3rd combatant enters the picture thats a seriously bearish candle on weekly dollar chart...2 weeks from now and in hindsite since everyones good at that LOL everybody will say that was a bearish pinbar pattern LOL put whatever lines you want or indicators you use on thet weekly and see if you can make a convincing TA case price goes up the dollar may range for the week and print an inside candle but odds are it wont breakout...
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short trump and go long the deepstate
  • #788,034
  • Nov 4, 2023 9:11pm Nov 4, 2023 9:11pm
Quoting Zebi
for all of you that missed it....dont fook with a weekly shooting star LOL good things come to the patient who dont get distracted during 4 weeks of range LOL {quote} {image} {image}

id just like to add to my earlier quote the dollar will prolly fall to 103 now since the republicans cant get their act in order to govern in the house of representatives and with this delayed drop cause of the war will prolly undershoot now to 103 instead of the TA recommended 104

so wherever GU was when the dollar was at 103 is where it will be again...normally i would say by next month but with the ferocity dollar price showed friday it may be in a week LOL
short trump and go long the deepstate
  • #788,035
  • Nov 4, 2023 9:17pm Nov 4, 2023 9:17pm
USDX WKLY Looks like the Fed has finished raising rates.
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  • #788,036
  • Nov 4, 2023 9:28pm Nov 4, 2023 9:28pm
Quoting Zebi
for all of you that missed it....dont fook with a weekly shooting star LOL good things come to the patient who dont get distracted during 4 weeks of range LOL {quote} {image} {image}
Nice candlestick analysis pal
  • #788,037
  • Nov 4, 2023 10:50pm Nov 4, 2023 10:50pm
My view(gut feeling) for monday can see 20-40 pips retracement then it'll fly again as we broke a important support on DXY..
Btw the last arrow up just to cover the gap which not sure how long gonna take........
So my plan is to short scalp on market open and then go long......
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Extreme gut feeling trader
  • #788,038
  • Nov 5, 2023 12:08am Nov 5, 2023 12:08am
Quoting dantpm
{quote} Bro, too sensitive. Who cares? Life is way too short to get wrapped up in an 'on-line forum ignore'. On the importance scale the only reason to be even slightly concerned is if you want to be an online influencer and even those guys get ignores and dislikes!
Exactly who cares.
Whatever happens in online forum stays in online forum
More time in the market, does not mean you trade better!
  • #788,039
  • Nov 5, 2023 12:54am Nov 5, 2023 12:54am
Weekly TL break, with November bouncing off support after the October pause.
Buying dips, then looking to see if we can break the 3142 high to return to 4250 region
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Compulsions can be hard to resist
  • #788,040
  • Edited 1:12am Nov 5, 2023 1:01am | Edited 1:12am
Quoting DrDave
{quote} Your "assumptions"-based trading is essentially guessing. Look at all of the guesses that get posted when price reaches some perceived "important zone" that price will turn now so trades are entered, and how often the guesses are wrong. And now with the trade in drawdown, the next "important zone" or "feature" has been reached, so now FOR SURE price will turn, and more trades enered. Yet price does not turn but contiues even further. Instead of this guess-after-guess, look at a SMALLER TFs to TELL you with a CONFIRMED 1-2-3 that at this...

im not sure if I said it wrong but what I meant is im not trading based on assumptions, Im trading based on a plan where part of it are assumptions. I think its different. A plan is about what you will do in the future, and I said assumptions are just part of it, not the all of it. Like you, I also use confirmations before I enter a trade. My trade levels and directions are the weekly and daily, and then I rely on whats happening on 4hr and 1 hr chart before I enter a trade. Cheers!
Fortune favors the brave.
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