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Cable Update (GBPUSD)

  • #793,041
  • Nov 27, 2023 8:17am Nov 27, 2023 8:17am
Quoting DmShka
{quote} I mean importance of news, depends on in what part of FF you are sitting, if in energy it can be another importance, in metals another etc... let's say overall house sales for forex not so important but maybe for stock market important or some particular instruments it can be important...
I do not agree, but I your opinion
dolce vita
  • #793,042
  • Nov 27, 2023 8:19am Nov 27, 2023 8:19am
Quoting JourneyLife
Check this out from Financial Times: Investors dump dollar in bet that US rates have peaked (ft.com)
That would make sense only if investors had a target investment with a higher yield.
What would make more sense is that investors were dumping US$ because of the US debt levels, high interest rates and planned US spending on wars and other stupidity. Many currencies are looking more attractive these days!
  • #793,043
  • Nov 27, 2023 8:22am Nov 27, 2023 8:22am
Quoting babayaga
{quote} I do not agree, but I your opinion
But you can see it by yourself even here in FF, when US stock oil data just looks importance here and in energy and it will be different
  • #793,044
  • Nov 27, 2023 8:22am Nov 27, 2023 8:22am
Quoting dantpm
{quote} That would make sense only if investors had a target investment with a higher yield. What would make more sense is that investors were dumping US$ because of the US debt levels, high interest rates and planned US spending on wars and other stupidity. Many currencies are looking more attractive these days!
I understand Texas has lots of job opportunities than anywhere else.

One can land in a job so easily I believe.

Even b4 interview, one can be assured of a job there. lol

So, it is currency Manipulation IMO.

Dollar is king always.
Intraday only.
  • #793,045
  • Nov 27, 2023 8:30am Nov 27, 2023 8:30am
Quoting navk
no emotions for me. stop in place. At 2646. {image}
took the same short...it has more potential but i am happy;-)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 28 KB
trading is like dancing, don't think and just listen to the music!
  • #793,046
  • Nov 27, 2023 8:31am Nov 27, 2023 8:31am
Quoting navk
{quote} I understand Texas has lots of job opportunities than anywhere else. One can land in a job so easily I believe. Even b4 interview, one can be assured of a job there. lol So, it is currency Manipulation IMO. Dollar is king always.

You did have Powell saying he wanted to devalue the US$
It helps export sales and raises the price of imports passing the costs onto consumers.
  • #793,047
  • Nov 27, 2023 8:33am Nov 27, 2023 8:33am
Quoting navk
{quote} 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.
50 pips is pretty close to 100 pips... from a certain, wrong, point of view. Or do I need to keep waiting for this 90 to 100 pip ADR?
Congratulations ScalaFX for coming out of the closet!
  • #793,048
  • Nov 27, 2023 8:34am Nov 27, 2023 8:34am
Quoting nubcake
{quote} 50 pips is pretty close to 100 pips... from a certain, wrong, point of view. Or do I need to keep waiting for this 90 to 100 pip ADR?
wait for 80/90 pips ADR
Intraday only.
  • #793,049
  • Nov 27, 2023 8:35am Nov 27, 2023 8:35am
To take money from market you got to be not greedy
This explale of a super small tp trade
Bottom macd determine the trend
The middle macd and the stochastic gives the signal to enter
Sl is set above last swing ,tp is 1.5 of it
Sl was 4 pips
Tp was 6 pips
Attached Image (click to enlarge)
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yes yes yes
  • #793,050
  • Nov 27, 2023 8:36am Nov 27, 2023 8:36am
Quoting dantpm
{quote} That would make sense only if investors had a target investment with a higher yield. What would make more sense is that investors were dumping US$ because of the US debt levels, high interest rates and planned US spending on wars and other stupidity. Many currencies are looking more attractive these days!
I see this dollar weakness as manipulation.
Even tho interest rate is the main drive for a currency, we have other factors also.
I think if dollar were to gain strength, it would be US debt.
Money will leave US assets and debt instruments, rush towards liquid cash.
However, it is a mere opinion, but it could be a possible economic scenario to unfold in the future.

Nas100 and Gold are both at All time high zone
More time in the market, does not mean you trade better!
  • #793,051
  • Nov 27, 2023 8:38am Nov 27, 2023 8:38am
Quoting Moty
To take money from market you got to be not greedy This explale of a super small tp trade Bottom macd determine the trend The middle macd and the stochastic gives the signal to enter Sl is set above last swing ,tp is 1.5 of it Sl was 4 pips Tp was 6 pips {image}
Another win , for 6.5 pips

Parameters for bottom macd 100,200,50
Middle macd 13,21,1
Stochastic 7,3,3
Attached Image (click to enlarge)
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yes yes yes
  • #793,052
  • Nov 27, 2023 8:38am Nov 27, 2023 8:38am
Quoting Moty
To take money from market you got to be not greedy This explale of a super small tp trade Bottom macd determine the trend The middle macd and the stochastic gives the signal to enter Sl is set above last swing ,tp is 1.5 of it Sl was 4 pips Tp was 6 pips {image}
i used to take only 5pips in the past, and it worked also fine. the win rate is higher.
trading is like dancing, don't think and just listen to the music!
  • #793,053
  • Nov 27, 2023 8:46am Nov 27, 2023 8:46am
Took sell at 1.26232, TP 1.26030. Now I see price is rejecting lows and going up again.
Never happened with gold, can anyone address me why GBP is so glitchy (moving up and down so fast)?
Secret to the Price Action is Liquidity.
  • #793,054
  • Nov 27, 2023 8:48am Nov 27, 2023 8:48am
Quoting Pat Chiko
{quote} New challenge account for December This small account has a target of doubling in size by the end of the month. However, December is typically a quieter period for market activity, so there may be challenges in maintaining this account or achieving the desired result. {image}
you are master trader. 🩷
  • #793,055
  • Nov 27, 2023 8:48am Nov 27, 2023 8:48am
Quoting birdland
{quote} i used to take only 5pips in the past, and it worked also fine. the win rate is higher.
lol!
  • #793,056
  • Nov 27, 2023 8:55am Nov 27, 2023 8:55am
Quoting Zebi
{quote} welp...im short gold nothing yet on GU... but added a limit sell at 2615 to my 2630 one


both my GU orders got hit while i was sleeping so short all across the board
short trump and go long the deepstate
  • #793,057
  • Nov 27, 2023 9:05am Nov 27, 2023 9:05am
With what am seeing on the chart, taking any short position right now is too early for me, i rather come in when it's clearly define and make money
than come too early and lose money. Cheers.....
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #793,058
  • Nov 27, 2023 9:07am Nov 27, 2023 9:07am
closed everything but small part (from 1.2642 with SL1.2639 without TP)
dolce vita
  • #793,059
  • Nov 27, 2023 9:08am Nov 27, 2023 9:08am
Quoting iusman23
Took sell at 1.26232, TP 1.26030. Now I see price is rejecting lows and going up again. Never happened with gold, can anyone address me why GBP is so glitchy (moving up and down so fast)?
The price is being manipulated by the market to extract liquidity from retail traders to fund moves in the market.


Look at Gold. When the market is 'behaving', Gold's (XAUUSD) trading pattern is similar to GBPUSD.

Look at DXY, again when the market is behaving they behave 'largely' in an inverse relationship.
  • #793,060
  • Nov 27, 2023 9:23am Nov 27, 2023 9:23am
Maybe it's better to stay only with the 100,200,50 and the 8,12,3 macd
And take only short cross above the zero line, in the 8,12,3 macd in a short trend
Attached Image (click to enlarge)
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yes yes yes
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