{quote} Sorry 44715
Cable Update (GBPUSD)
- #798,701
- Dec 22, 2023 10:04am Dec 22, 2023 10:04am
- Joined Jul 2023 | Status: Aspiring trader | 1,132 Posts
- #798,703
- Dec 22, 2023 10:04am Dec 22, 2023 10:04am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #798,704
- Dec 22, 2023 10:06am Dec 22, 2023 10:06am
- Joined Dec 2011 | Status: Postmaster | 11,928 Posts
POSTMASTER
- #798,705
- Dec 22, 2023 10:10am Dec 22, 2023 10:10am
- Joined Oct 2020 | Status: Trader | 14,022 Posts
Merry Christmas folks see some of you next week and the rest in 2024 so a happy new year too 
Insane in the Brain..
- #798,706
- Dec 22, 2023 10:14am Dec 22, 2023 10:14am
- Joined Dec 2011 | Status: Postmaster | 11,928 Posts
{quote} I just saw the huge resistance there it normally makes a huge downturn before it tries to make a upside thanks for showing me that bro
POSTMASTER
- #798,707
- Dec 22, 2023 10:24am Dec 22, 2023 10:24am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
Merry Christmas folks see some of you next week and the rest in 2024 so a happy new year too
Hey Bro Sohail...........
Happy holidays to you too, and thanks to everyone who's been tuning in and adding their trading cheer!
Here's to a prosperous New Year, filled with fat bank accounts and enough good fortune to make Scrooge do a jig.
Celebrate every win, big or small:
Every green pip is a victory dance in the snow!
Reward yourself for smart trades and good decisions, because a happy trader is a profitable trader.
Most importantly, have fun!
Trading should be exciting, challenging, and rewarding.
Don't get bogged down by pressure or stress.
Enjoy the ride, learn from every turn, and remember, even the best traders have bad days.
Just like even the best reindeer sometimes take a tumble in the snow.
One call that is a must to answer, the other should aviod at all cost next year.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #798,708
- Dec 22, 2023 10:30am Dec 22, 2023 10:30am
- Joined Jul 2023 | Status: Aspiring trader | 1,132 Posts
{quote} You are welcome. Nevertheless don't follow me without thinking twice. I could be wrong too. Apreciate
- #798,709
- Dec 22, 2023 10:46am Dec 22, 2023 10:46am
- Joined Jun 2020 | Status: NY flip project. Probability games | 3,521 Posts
GOLD makes sense. 
Just a personal opinion.
Just a personal opinion.
Look right, we'll see the signs
- #798,710
- Dec 22, 2023 11:28am Dec 22, 2023 11:28am
- Joined Jun 2020 | Status: NY flip project. Probability games | 3,521 Posts
GOLD makes sense.
Look right, we'll see the signs
2 hours til our weekly close and even the candle's wick hasn't reached a new high. Looking at mainstream news on sites like bloomberg, reuters, etc, the dollar's value is deep in unclear waters this holiday season. While major financial institutions seem to agree that there's dollar weakness to be expected in 2024, there's no solid consensus on when this will happen. I think that the D1 and W charts reflect this uncertainty.
Sentiment-wise, I believe that bulls have the advantage in the long-term. The aforementioned news sites and their evidence seems to support this. However with these current market conditions, with interest rate differentials being a primary driver of currency valuations, the U.K. seems to be on the fence about rates cutting or holding. If the U.S./Fed has this same position as well on interest rates (which so far they do), it's becoming clear in the short-and-medium-term that this is what's causing the stalemate in price action for GU.
But as I mentioned before, long-term bulls may have an advantage. The green clouds on the IHK system for D1 and W seem to support this hypothesis as well.
Open to hearing others' thoughts, especially those with long-term trading in mind
Trying my best.
{quote} You are very bad guy.............
- #798,713
- Dec 22, 2023 12:55pm Dec 22, 2023 12:55pm
- Joined Mar 2020 | Status: Trader | 3,499 Posts
Some support below, which could produce a bounce towards the resistance area above around 2718 or so. I think the daily chart is going to look very messy the rest of this week. {image}
Compulsions can be hard to resist
- #798,714
- Dec 22, 2023 1:45pm Dec 22, 2023 1:45pm
- Joined Mar 2020 | Status: Trader | 3,499 Posts
Compulsions can be hard to resist
- #798,716
- Dec 22, 2023 1:59pm Dec 22, 2023 1:59pm
- Joined Sep 2017 | Status: Trader | 4,361 Posts
{quote} Anyway, got out of my bad trades today with 39 pips profit on my long term strategy. A bit concerning is GU's inability to break new weekly highs, let alone this weekly high. EU is screaming up with new highs and Usdx claiming new lows. Between Xmas and new year trading should almost come to a standstill and I would not like to be on the wrong side of a trade then. With this in mind I could look to close some long term trades. For now all trades locked in and price must do what it has to. Have a great weekend and Xmas. Cheers. {image}
A chart with no squigly lines and current state of affairs.
GU closed trades:
Next year will be awesome and looking forward to it.
Best regards.
Trade to trade another day
- #798,717
- Dec 22, 2023 6:36pm Dec 22, 2023 6:36pm
- Temporarily Suspended | Joined Jul 2021 | 3,677 Posts
More time in the market, does not mean you trade better!
- #798,718
- Edited 10:16pm Dec 22, 2023 6:39pm | Edited 10:16pm
- Joined Oct 2010 | Status: Trader | 21,482 Posts
Intraday only.
- #798,720
- Dec 22, 2023 10:26pm Dec 22, 2023 10:26pm
It seems that many people are organizing their positions before Christmas until the new year.
It is true that future price movements are expected to be illiquid, with wide spreads and fluctuations. However, I carried over my short position in NY. There is a 7 hour time difference from New York, so it's almost bedtime, so the position is usually completed before going to bed.
Fortunately, there is unrealized profit, and Elliot oscillator on the chart is also on the verge of 0 crossing.
We would like to hold the M15 resistance unless it upbreaks.
It is true that future price movements are expected to be illiquid, with wide spreads and fluctuations. However, I carried over my short position in NY. There is a 7 hour time difference from New York, so it's almost bedtime, so the position is usually completed before going to bed.
Fortunately, there is unrealized profit, and Elliot oscillator on the chart is also on the verge of 0 crossing.
We would like to hold the M15 resistance unless it upbreaks.