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Cable Update (GBPUSD)

  • #792,841
  • Nov 26, 2023 9:22am Nov 26, 2023 9:22am
Quoting fxmasterdxb
{quote} for me i dont have a signal indicating a reversal, BUT when the market is obviously bullish and most of the retail traders is bullish then the probability of reversal is higher than continuation! Personally, ill watch the next 2-4 4hr candle to decide to enter short or stay on the sideline
yes, One should look at the price around 9 pm est on sunday and 9 am est on Monday for a possible set up.

The opening spread noice ( upto 16 pips in GU ) is done at that time.
Intraday only.
  • #792,842
  • Nov 26, 2023 9:43am Nov 26, 2023 9:43am
Previous price has no connection to where the price will go
  • #792,843
  • Nov 26, 2023 10:01am Nov 26, 2023 10:01am
Quoting mkvy
Previous price has no connection to where the price will go
Please provide your source for this claim.
To free Gazans of Hamas, use whatever it takes.
  • #792,844
  • Nov 26, 2023 10:15am Nov 26, 2023 10:15am
Quoting knkie
{quote} good to know we can manipulate you into changing strategy just by agreeing with you in the forum sucker
Some people can not be changed.

He is one among them.

Use the button since he has not changed himself.

Enough opporunities have been given.
Intraday only.
  • #792,845
  • Nov 26, 2023 10:27am Nov 26, 2023 10:27am
Quoting knkie
{quote} good to know we can manipulate you into changing strategy just by agreeing with you in the forum sucker

to paraphrase groucho marx... i dont want to be a member of the majority since they always lose

the suckers are the ones that like each others posts when comes to TA... i cringe if i get more than a couple likes about my TA cause it scares me i may be wrong LOL


its human nature to seek like minded people but in trading as well as most of life thats a losing proposition so my advise to you kinkie is fight the urge to be like the 95% majority that always lose
short trump and go long the deepstate
  • #792,846
  • Nov 26, 2023 10:27am Nov 26, 2023 10:27am
This is my first time seeing Christmas while i'm into forex trading. So, I have a question, does Christmas holidays slows down the forex market?
Secret to the Price Action is Liquidity.
  • #792,847
  • Nov 26, 2023 10:33am Nov 26, 2023 10:33am
Quoting iusman23
This is my first time seeing Christmas while i'm into forex trading. So, I have a question, does Christmas holidays slows down the forex market?
it’s only November???
  • #792,848
  • Nov 26, 2023 10:37am Nov 26, 2023 10:37am
Quoting iusman23
This is my first time seeing Christmas while i'm into forex trading. So, I have a question, does Christmas holidays slows down the forex market?


you have this great tool at your fingertips...called a chart....so scroll backwards to previous years christmases and look at the candles and volume for the day, week and month

THINK so you wont have to ask dumb questions
short trump and go long the deepstate
  • #792,849
  • Nov 26, 2023 10:37am Nov 26, 2023 10:37am
Quoting iusman23
This is my first time seeing Christmas while i'm into forex trading. So, I have a question, does Christmas holidays slows down the forex market?
Of course neither Christmas nor any other holiday slows down the Forex market. Tradition, custom, family mean nothing to the traders of the Forex market. It is money, greed, adrenaline, and ego that rule all and keep the Forex traders ever at their charts and the Forex market always "on".
To free Gazans of Hamas, use whatever it takes.
  • #792,850
  • Nov 26, 2023 10:41am Nov 26, 2023 10:41am
Quoting Zebi
{quote} to paraphrase groucho marx... i dont want to be a member of the majority since they always lose the suckers are the ones that like each others posts when comes to TA... i cringe if i get more than a couple likes about my TA cause it scares me i may be wrong LOL its human nature to seek like minded people but in trading as well as most of life thats a losing proposition so my advise to you kinkie is fight the urge to be like the 95% majority that always lose
The FF noise doesn't or posts on FF don't necessarily represent the majority of the opinions. Makes it a little challenging to figure out who to go against...
  • #792,851
  • Nov 26, 2023 10:44am Nov 26, 2023 10:44am
Quoting iusman23
This is my first time seeing Christmas while i'm into forex trading. So, I have a question, does Christmas holidays slows down the forex market?
Not neccesarily. Year end profit taking by the big boyz can see hundreds of pips.
Cheers.
Trade to trade another day
  • #792,852
  • Nov 26, 2023 10:45am Nov 26, 2023 10:45am
Quoting ninner
{quote} it’s only November???
Sure November. It's like in the US. Once upon a time, there were Christmas sales shortly before Christmas. Then the retail outlets tested oh so slightly EARLIER Christmas sales and found plenty of easy money! So in short order, "Christmas" specials began appearing around Thanksgiving. And once again, retail outlets reaped easy profits. So once again the "Christmas" specials were moved even earlier, all the way to Halloween!
And everyone lived happily ever after.
Ho-ho-ho chuckled baby Jesus.
To free Gazans of Hamas, use whatever it takes.
  • #792,853
  • Nov 26, 2023 10:48am Nov 26, 2023 10:48am
Quoting Zebi
{quote} you have this great tool at your fingertips...called a chart....so scroll backwards to previous years christmases and look at the candles and volume for the day, week and month THINK so you wont have to ask dumb questions
If you really think it was a dumb question, you could've ignored it. Instead of showing off how deeply you can think, I am new to this market, so I do not know all the loopholes you know about.
Things take time to learn. If one can explain my question, it means there was nothing dumb I asked about.
Secret to the Price Action is Liquidity.
  • #792,854
  • Edited 11:06am Nov 26, 2023 10:54am | Edited 11:06am
Quoting iusman23
This is my first time seeing Christmas while i'm into forex trading. So, I have a question, does Christmas holidays slows down the forex market?
Forex knows only Monday to Friday.
For some location it starts on Sunday
It is the person who should know when to close chart and take a break.
More time in the market, does not mean you trade better!
  • #792,855
  • Nov 26, 2023 10:59am Nov 26, 2023 10:59am
I abandoned trading GBP/USD and shifted to XAUUSD because GBP/USD gave me a huge loss of -$300, 2 months back.

Now, I have learned the following things:
1. Liquidity
2. How to tackle consolidation
3. Confirmation
4. Higher the Timeframe is, the more the accuracy is (using M30 & H1)

By Monday morning, I'll be trying to trade GBP/USD again along with XAUUSD. Might be trying GBP/CHF or GBP/JPY.
Secret to the Price Action is Liquidity.
  • #792,856
  • Nov 26, 2023 11:01am Nov 26, 2023 11:01am
as dx around a major support , may not any stop yet , yet next week can be critically important of more ranging both sides ! take care
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 12 KB
Click to Enlarge Name: DX.fDaily.png Size: 14 KB
Click to Enlarge Name: GBPUSDH4.png Size: 15 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #792,857
  • Nov 26, 2023 11:02am Nov 26, 2023 11:02am
Quoting Fardeen1209
{quote} Forex knows only Monday to Friday. For some location it starts on Sunday It is the person which should know when to close chart and take a break.
Almost. Forex markets know when markets are open or closed. Traders either show up of they don't. Last Friday afternoon (US Black Friday) was a great example of the markets being open and traders simply not showing up to trade.
The day of Christmas eve (since Christmas is on a Monday, the Friday before) and the day of New Years Eve are probably going to behave similarly. Beyond that, who knows?
  • #792,858
  • Nov 26, 2023 11:12am Nov 26, 2023 11:12am
Quoting DrDave
{quote} Of course neither Christmas nor any other holiday slows down the Forex market. Tradition, custom, family mean nothing to the traders of the Forex market. It is money, greed, adrenaline, and ego that rule all and keep the Forex traders ever at their charts and the Forex market always "on".
Fantastic observation.
Intraday only.
  • #792,859
  • Nov 26, 2023 11:27am Nov 26, 2023 11:27am
  •  Oylux
  • | Joined Nov 2023 | Status: Natures Best. Nig 🇳🇬 | 66 Posts
Quoting T721
{quote} Wanna see a Liquidity grab Monday or Tuesday ----- Tuesday would be better timing wise {image}
The memes
  • #792,860
  • Nov 26, 2023 11:28am Nov 26, 2023 11:28am
Lol, you can all trade hard today. I'm hoping you get fuck all range. Good luck ya clowns.
Congratulations ScalaFX for coming out of the closet!
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