Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#793,161
Nov 28, 2023 1:36am Nov 28, 2023 1:36am

trumps
Joined Mar 2020 | Status: Trader | 3,499 Posts

Quoting dantpm

Disliked

{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.

Ignored

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

dantpm
Joined Aug 2022 | Status: Trader | 4,859 Posts

Quoting trumps

Disliked

{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.

Ignored

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

Konichiwhaat
Joined Dec 2019 | Status: Going with the flow | 2,033 Posts

Quoting Konichiwhaat

Disliked

{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

Ignored

The questions people should be asking themselves (not anyone else) is "why am I not on this current move? What am I not seeing?"

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Emotional Control. Process, not outcome.

#793,164
Nov 28, 2023 1:39am Nov 28, 2023 1:39am

Georginson
Joined Aug 2018 | Status: Research Analyst | 4,292 Posts

Quoting Georginson

Disliked

sold 1.2635, target 1.2525... stop 1.2657.

Ignored

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

Robinhood1
Joined Dec 2011 | Status: Postmaster | 11,928 Posts

Quoting dantpm

Disliked

{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.

Ignored

Bitcoin, Gold and oil much less manipulables

POSTMASTER

#793,166
Nov 28, 2023 1:44am Nov 28, 2023 1:44am

birdland
Joined Aug 2010 | Status: absolute beginner | 5,464 Posts

Quoting Robinhood1

Disliked

{quote} Bitcoin, Gold and oil much less manipulables

Ignored

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

Moty
Joined Dec 2017 | Status: Trader | 30,688 Posts

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yes yes yes

#793,168
Nov 28, 2023 1:47am Nov 28, 2023 1:47am

MIKKI
Joined Feb 2009 | Status: Trader | 969 Posts

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

dantpm
Joined Aug 2022 | Status: Trader | 4,859 Posts

Quoting trumps

Disliked

{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?

Ignored

Poor choice of labels on my part.

#793,170
Nov 28, 2023 1:51am Nov 28, 2023 1:51am

trumps
Joined Mar 2020 | Status: Trader | 3,499 Posts

Quoting dantpm

Disliked

Across the board (except JPY & CAD), US$ strength... {image}

Ignored

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

OperaniyiFx
Joined Jun 2020 | Status: Trader | 340 Posts

Quoting Georginson

Disliked

{quote} exited 1.2620... I will wait to sell higher if it gets to 1.2660.

Ignored

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

Houtbay
Joined Nov 2020 | Status: Trader | 4,585 Posts

1.26110 long cable

#793,173
Nov 28, 2023 1:52am Nov 28, 2023 1:52am

Robinhood1
Joined Dec 2011 | Status: Postmaster | 11,928 Posts

Quoting birdland

Disliked

{quote} nice joke...

Ignored

I am serious Buddy. Only retailers trading fiat curreny now.

POSTMASTER

#793,174
Nov 28, 2023 2:01am Nov 28, 2023 2:01am

fontu
Joined Mar 2008 | Status: Name real with real own way | 23,414 Posts

playing through breakouts , enough supports are present still . take care
now limit up for down 2622 for support towards 2577 . breaks range up possible

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Not understand?better not follow my analyses!doubt clearer first, risks ++

#793,175
Nov 28, 2023 2:02am Nov 28, 2023 2:02am

birdland
Joined Aug 2010 | Status: absolute beginner | 5,464 Posts

Quoting Robinhood1

Disliked

{quote} I am serious Buddy. Only retailers trading fiat curreny now.

Ignored

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

Konichiwhaat
Joined Dec 2019 | Status: Going with the flow | 2,033 Posts

Quoting Konichiwhaat

Disliked

{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}

Ignored

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)

Emotional Control. Process, not outcome.

#793,177
Nov 28, 2023 2:18am Nov 28, 2023 2:18am

Robinhood1
Joined Dec 2011 | Status: Postmaster | 11,928 Posts

Quoting birdland

Disliked

{quote} EVERYTHING is manipulated what is trading on a stockexchange. one more, one less, one obvious, one not so;-)

Ignored

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