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Cable Update (GBPUSD)

  • #792,781
  • Edited 7:24pm Nov 25, 2023 6:52pm | Edited 7:24pm
initially i was boolish to 3400 because of this yearly chart at the bottom....yes theres just one month left till years end so time to dust that old thing off and take a look at it LOL ''' heres the quote from friday how the 3400 target looks like on monthly
Quoting Zebi
opps...i forgot about the monthly youll all notice that the lower black line i drew on the weekly when i switch to the monthly is at the open on that september candle i mentioned LOL.... see how that works, levels match each other in different timeframes so a close above that black line or the open in 4 more trading days means a run up to 3400 to my red line according to my system {image}
as you can see last years candle closed above its midpoint after that liz truss fiasco cause of that dummys tax cut ( please remeber her cause sunak isnt any smarter)

and this years candle when it closes above that 2023 level and above its own midpoint level in christmas at 2450 will be a continuation buy signal however i have to switch to that aformentioned dumbass from earlier

https://www.forexfactory.com/news/12...s-in-spring-as

thats right...sunak wants to keep doing what liz truss did to kill the pound LOL

i thot america was stupid but i see britain may be worse cause we just voted in one imbecile in trump and now are trying to jail him but england keeps trotting out even bigger successive idiots in truss boris and now sunak LOL so
so that news has made me apprehensive about staying bull into next year...seems like we'll see the liz truss 1.1000 level sooner than i thot...im long term bearish like i said in this post last sunday but this news about even more tax cuts by this brain dead PM will prolly start a meltdown in GU in 2024 if not in a few weeks so price will drop to this years midpoint at 2450 where ill try buying for the christmas rise but wont have much conviction of holding till 3400

Quoting Zebi
{quote} {quote} i in a year or two GU will be down to liz truss dumb ass levels at 1.1000 just not the rest of this year LOL heres my weekly futures GU chart with the targets i got that will be hit by christmas time last week gave a continuation buy signal so theres still hier prices to come....dont develope amnesia or dementia and start shorting big size cause of one or two red candle days LOL the monthly chart is what should scare bears cause its a bearish extinction level kind of event LOL im gona post aweekly and a monthly so i switched...
Attached Image (click to enlarge)
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short trump and go long the deepstate
  • #792,782
  • Nov 25, 2023 6:59pm Nov 25, 2023 6:59pm
please excuse my last post cause i felt foolish including that yearly chart TA cause i know everybody knows about candle midpoints so this is being being redundant
short trump and go long the deepstate
  • #792,783
  • Nov 25, 2023 8:32pm Nov 25, 2023 8:32pm
Quoting dantpm
{quote} Real trading and backtesting are different beasts! I know from experience.
What helped me is reviewing the trades that I took together with the backtest.
This is one investment in a bucket of thousands!
  • #792,784
  • Edited 9:34pm Nov 25, 2023 8:45pm | Edited 9:34pm
Quoting DrDave
{quote} I agree with NAVK that MN is bearish. The "massive monthly bullish candle" results from the W1 on a RALLY in the MN1/MN2 down swing. Of course the rally can go all the way to about 1.31 and remain a rally, but it is more likely that it won't go much higher than about 1.2750, and then make its return down. In fact, late Friday, m15 went down and then back up to a lower high. A second attempt at going down was followed by an equal high. And the third attempt down ended the day at a lower low. So if Friday's drop at the end of the day follows...
I looked at the chart again.

Monday selling is very much possible if 4hr starts printing bearish signal. until now not.

2616 resistance to hold/will hold.

Sellers need to set stop at 2616 + spread.
Intraday only.
  • #792,786
  • Nov 25, 2023 9:36pm Nov 25, 2023 9:36pm
Quoting navk
{quote} I looked at the chart again. Monday selling is very much possible. 2616 resistance to hold/will hold. Sellers need to set stop at 2616 + spread.
Look at the calendar. If the price moves more than an ants turd it'll be remarkable. Maybe you get in a trade worth your time, maybe not. But I'll come in and see who is finger painting and then double check if the market is DOA.

I have my suspicions on what the volatility will be in here vs on the charts. Just another Monday in FF. Everyone loves paying the spread.

I'll have my pen and paper ready to take notes at this regular creative writing short course.
Congratulations ScalaFX for coming out of the closet!
  • #792,787
  • Nov 25, 2023 9:40pm Nov 25, 2023 9:40pm
Quoting nubcake
{quote} Look at the calendar. If the price moves more than an ants turd it'll be remarkable. Maybe you get in a trade worth your time, maybe not. But I'll come in and see who is finger painting and then double check if the market is DOA. I have my suspicions on what the volatility will be in here vs on the charts. Just another Monday in FF. Everyone loves paying the spread. I'll have my pen and paper ready to take notes at this regular creative writing short course.
I edited the post, read again.
Intraday only.
  • #792,788
  • Nov 25, 2023 9:44pm Nov 25, 2023 9:44pm
Quoting nubcake
{quote} Look at the calendar. If the price moves more than an ants turd it'll be remarkable. Maybe you get in a trade worth your time, maybe not. But I'll come in and see who is finger painting and then double check if the market is DOA. I have my suspicions on what the volatility will be in here vs on the charts. Just another Monday in FF. Everyone loves paying the spread. I'll have my pen and paper ready to take notes at this regular creative writing short course.
What is your take on this pair for monday ?

The price needs to meet ADR... 90 TO 100 pips. The price has to move either way.
Intraday only.
  • #792,789
  • Nov 25, 2023 9:48pm Nov 25, 2023 9:48pm
Quoting navk
{quote} What is your take on this pair for monday ? The price needs to meet ADR... 90 TO 100 pips.
Like I said... DOA... Dead On Arrival. Monday has no reason to be at all remarkable, only in how unremarkable of a day it is likely to be. The price doesn't need to meet anything - never has, never will.

Let's see the market prove me wrong after Monday and I'll take the fail.

I'll be shaking my head seeing everyone in here trading up a storm on a dead market.
Congratulations ScalaFX for coming out of the closet!
  • #792,790
  • Nov 25, 2023 9:52pm Nov 25, 2023 9:52pm
Bitcoin to reach 101.9xx shortly
POSTMASTER
  • #792,791
  • Nov 25, 2023 9:54pm Nov 25, 2023 9:54pm
Quoting nubcake
{quote} Like I said... DOA... Dead On Arrival. Monday has no reason to be at all remarkable, only in how unremarkable of a day it is likely to be. The price doesn't need to meet anything - never has, never will. Let's see the market prove me wrong after Monday and I'll take the fail. I'll be shaking my head seeing everyone in here trading up a storm on a dead market.
Yeah, Monday is slow.

But if you see Monday chart, the price has moved 90/100 pips though slow.
Intraday only.
  • #792,792
  • Nov 25, 2023 10:00pm Nov 25, 2023 10:00pm
Quoting navk
{quote} Yeah, Monday is slow. But if you see Monday chart, the price has moved 90/100 pips though slow.
Do you really want a piece of the action when it takes ALL FUCKING DAY to make 90 pips? If it even makes 90? If you are so sure of your position and direction, sure, hit the button and walk away with a trailing stop or whatever.

But, really, fuck that. It's noise. Why would you trade noise?

AFAIC anyone in here putting on trades on Monday should go on the ignore list.
Congratulations ScalaFX for coming out of the closet!
  • #792,793
  • Nov 25, 2023 10:04pm Nov 25, 2023 10:04pm
Quoting nubcake
{quote} Do you really want a piece of the action when it takes ALL FUCKING DAY to make 90 pips? If it even makes 90? If you are so sure of your position and direction, sure, hit the button and walk away with a trailing stop or whatever. But, really, fuck that. It's noise. Why would you trade noise? AFAIC anyone in here putting on trades on Monday should go on the ignore list.
ok.

Everyone has their own opinion.

But, Monday is test for emotion, being slow day.
Intraday only.
  • #792,794
  • Nov 25, 2023 10:11pm Nov 25, 2023 10:11pm
Quoting nubcake
{quote} Do you really want a piece of the action when it takes ALL FUCKING DAY to make 90 pips? If it even makes 90? If you are so sure of your position and direction, sure, hit the button and walk away with a trailing stop or whatever. But, really, fuck that. It's noise. Why would you trade noise? AFAIC anyone in here putting on trades on Monday should go on the ignore list.

i guess you can put me on ignore cause illbe shorting since the room is so overwhelmingly bullish LOL

im even gona short gold

ill place limit orders at 2003 and 2005 and 2007 sunday night on gold

GU will be manual except for one sell limit at 2630
short trump and go long the deepstate
  • #792,795
  • Nov 25, 2023 10:12pm Nov 25, 2023 10:12pm
Quoting navk
{quote} ok. Every has their own opinion. But, Monday is test for emotion, being slow day.
Then you've failed the test that matters... trading when it's worth trading, and not when it isn't. You are just fucking around, and will find out.

Do whatever you want, but I wouldn't want to be stuck in a dog shit position waiting hours for it to twitch. That's stupid. The longer you are exposed the more opportunity you give for random events to fuck your shit up.

Don't be a Moty.
Congratulations ScalaFX for coming out of the closet!
  • #792,796
  • Nov 25, 2023 10:14pm Nov 25, 2023 10:14pm
Quoting nubcake
{quote} Then you've failed the test that matters... trading when it's worth trading, and not when it isn't. You are just fucking around, and will find out. Do whatever you want, but I wouldn't want to be stuck in a dog shit position waiting hours for it to twitch. That's stupid. The longer you are exposed the more opportunity you give for random events to fuck your shit up. Don't be a Moty.

ur arguing with a scalper off 1 min chart LOL
short trump and go long the deepstate
  • #792,797
  • Nov 25, 2023 10:14pm Nov 25, 2023 10:14pm
Quoting Zebi
{quote} i guess you can put me on ignore cause illbe shorting since the room is so overwhelmingly bullish LOL im even gona short gold ill place limit orders at 2003 and 2005 and 2007 sunday night on gold GU will be manual except for one sell limit at 2630
Gl with that. Pay attention to dumb fuck sentiment when it matters.

Or not.
Congratulations ScalaFX for coming out of the closet!
  • #792,798
  • Nov 25, 2023 10:19pm Nov 25, 2023 10:19pm
Quoting Zebi
{quote} ur arguing with a scalper off 1 min chart LOL
The "lol" is that you didn't realize that my point was precisely that someone trading the 1M probably doesn't want to babysit exposure all day.

And calling someone a "scalper" doesn't make one so, nor make the market any more or less favorable for trading. It's merely a "I'm fucking cool because I'm a scalper" label that doesn't really mean much in the end, other than they SHOULD be more aware of what will make the market actually move, instead of the movements blending into the background of higher timeframe charts.

There's actually no such thing as a scalper in Forex. Nobody is making hundreds of trades a day on Forex because they are waiting for the spread to clear their entry. You can't ride the bid and ask when you are the sucker paying it.

Y'all be smoking that bad shit... it's messing with your brains.
Congratulations ScalaFX for coming out of the closet!
  • #792,799
  • Edited 10:44pm Nov 25, 2023 10:32pm | Edited 10:44pm
Quoting nubcake
{quote} The "lol" is that you didn't realize that my point was precisely that someone trading the 1M probably doesn't want to babysit exposure all day. And calling someone a "scalper" doesn't make one so, nor make the market any more or less favorable for trading. It's merely a "I'm fucking cool because I'm a scalper" label that doesn't really mean much in the end, other than they SHOULD be more aware of what will make the market actually move, instead of the movements blending into the background of higher timeframe charts. There's actually no...

i dont pay him any attention...all he does is post all these 2000 dollar day screenshots but cries in the prop firm hub thread about losing a 100 dollars on some challenge with MFF when they got shut down by the cftc couple months ago LOL and wanting it back LOL


so i just skip over his posts

whats even more hilarious is hes commenting on the monthly chart being a scalper
short trump and go long the deepstate
  • #792,800
  • Nov 25, 2023 10:39pm Nov 25, 2023 10:39pm
Traders need to debate analysis, setups and concepts to get to the ultimate truth of trading, not other people!

If anyone has different opinion, they deserve button.

This is said by none other than TWEE.
Intraday only.
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