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Cable Update (GBPUSD)

  • #793,161
  • Nov 28, 2023 1:36am Nov 28, 2023 1:36am
Quoting dantpm
{quote} We don't have access to all the data. I have found that often price moves opposite to reported sentiment. I am not the only one with this observation. I agree with you that this should be the basis of a trading decision, simply information to be aware of because I find that when price moves against sentiment, the moves appear to be greater.
If price tends to move against sentiment (yes it does tend to), and the sentiment is US$ bullish, why did you suggest dollar strength in your original post?
Compulsions can be hard to resist
  • #793,162
  • Nov 28, 2023 1:37am Nov 28, 2023 1:37am
Quoting trumps
{quote} I don't get it. These are just retail traders right?? If so, they contribute virtually nothing to the strength or weakness of a particular currency. They simply represent positions of retail traders, who lose the vast majority of the time.
So if these retail traders are going to lose as you put it, better to bet against them than with them. In any event, as I indicated I have observed that moves against sentiment tend to be larger than moves with sentiment. I don't base my trading decisions on the information. I simply shared something that I watch and am aware of.
  • #793,163
  • Nov 28, 2023 1:38am Nov 28, 2023 1:38am
Quoting Konichiwhaat
{quote} Correct, because sentiment is just the trade that WAS. Just like the charts. Its like waiting for confirmation. Many people here spend their time waiting and talking
The questions people should be asking themselves (not anyone else) is "why am I not on this current move? What am I not seeing?"
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 6 KB
Emotional Control. Process, not outcome.
  • #793,164
  • Nov 28, 2023 1:39am Nov 28, 2023 1:39am
Quoting Georginson
sold 1.2635, target 1.2525... stop 1.2657.
exited 1.2620... I will wait to sell higher if it gets to 1.2660.
Data + Stat + Risk/Emotions Management
  • #793,165
  • Nov 28, 2023 1:43am Nov 28, 2023 1:43am
Quoting dantpm
{quote} So if these retail traders are going to lose as you put it, better to bet against them than with them. In any event, as I indicated I have observed that moves against sentiment tend to be larger than moves with sentiment. I don't base my trading decisions on the information. I simply shared something that I watch and am aware of.
Bitcoin, Gold and oil much less manipulables
POSTMASTER
  • #793,166
  • Nov 28, 2023 1:44am Nov 28, 2023 1:44am
Quoting Robinhood1
{quote} Bitcoin, Gold and oil much less manipulables
nice joke...
trading is like dancing, don't think and just listen to the music!
  • #793,167
  • Nov 28, 2023 1:46am Nov 28, 2023 1:46am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 14 KB
yes yes yes
  • #793,168
  • Nov 28, 2023 1:47am Nov 28, 2023 1:47am
THanks guru buddy for overlooking the high ground Mr dollar has got this know
average dude treading water
  • #793,169
  • Nov 28, 2023 1:51am Nov 28, 2023 1:51am
Quoting trumps
{quote} If price tends to move against sentiment (yes it does tend to), and the sentiment is US$ bullish, why did you suggest dollar strength in your original post?
Poor choice of labels on my part.
  • #793,170
  • Nov 28, 2023 1:51am Nov 28, 2023 1:51am
Quoting dantpm
Across the board (except JPY & CAD), US$ strength... {image}
So when you said "US$ strength", you meant retail sentiment is bullish US$
Compulsions can be hard to resist
  • #793,171
  • Nov 28, 2023 1:51am Nov 28, 2023 1:51am
Quoting Georginson
{quote} exited 1.2620... I will wait to sell higher if it gets to 1.2660.
you might be making a mistake though… I see GU crash to 2500 already. 2660 is not more in playing.
  • #793,172
  • Nov 28, 2023 1:52am Nov 28, 2023 1:52am
1.26110 long cable
  • #793,173
  • Nov 28, 2023 1:52am Nov 28, 2023 1:52am
Quoting birdland
{quote} nice joke...
I am serious Buddy. Only retailers trading fiat curreny now.
POSTMASTER
  • #793,174
  • Nov 28, 2023 2:01am Nov 28, 2023 2:01am
playing through breakouts , enough supports are present still . take care
now limit up for down 2622 for support towards 2577 . breaks range up possible
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 14 KB
Click to Enlarge Name: GBPUSDH11.png Size: 15 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #793,175
  • Nov 28, 2023 2:02am Nov 28, 2023 2:02am
Quoting Robinhood1
{quote} I am serious Buddy. Only retailers trading fiat curreny now.
EVERYTHING is manipulated what is trading on a stockexchange. one more, one less, one obvious, one not so;-)
trading is like dancing, don't think and just listen to the music!
  • #793,176
  • Nov 28, 2023 2:03am Nov 28, 2023 2:03am
Quoting Konichiwhaat
{quote} The questions people should be asking themselves (not anyone else) is "why am I not on this current move? What am I not seeing?" {image}
The questions people should be asking themselves (not anyone else) is "why am I not on this current move? What am I not seeing?"
This never ends... never... never
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 6 KB
Emotional Control. Process, not outcome.
  • #793,177
  • Nov 28, 2023 2:18am Nov 28, 2023 2:18am
Quoting birdland
{quote} EVERYTHING is manipulated what is trading on a stockexchange. one more, one less, one obvious, one not so;-)
But not in the same way. Bitcoin closes for a few minutes and noone trading it behind the curtain. Same for gold and oil. Fiat currency has proved to be a fraude since last 100 hundred years as It stopped being backed by gold and therefore disqualified. The general public is unaware of this fiction of course. Gold follows Bitcoin to a certain extent. Somebody is converting unvaluable fiat currency from retailers to Bitcoin. Observe gold after Bitcoin. When Bitcoin goes up, gold follows and going down too in a short period. Travelling diferent lenghts.
POSTMASTER
  • #793,178
  • Nov 28, 2023 2:25am Nov 28, 2023 2:25am
Quoting OperaniyiFx
{quote} you might be making a mistake though… I see GU crash to 2500 already. 2660 is not more in playing.
do u see dat happening today
  • #793,179
  • Nov 28, 2023 2:25am Nov 28, 2023 2:25am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 19 KB
trading is like dancing, don't think and just listen to the music!
  • #793,180
  • Nov 28, 2023 2:26am Nov 28, 2023 2:26am
Quoting Konichiwhaat
{quote} Why? Explain?
Based on my Tech analysis. I hardly ever say where the market is going, but when I say it, I am confident of the potential move.
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