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Cable Update (GBPUSD)

  • #798,741
  • Dec 23, 2023 9:53am Dec 23, 2023 9:53am
so ill be on the lookout for red dot idiots who say rate cuts will make the dollar fall and ill go against them...thats contrarian trading gentlemen and the difference between me and this place ...homework
short trump and go long the deepstate
  • #798,742
  • Dec 23, 2023 9:59am Dec 23, 2023 9:59am
Bitcoin
the 4000 points spike from 44715 warns me of huge drop and i beleive it is time now.
POSTMASTER
  • #798,743
  • Dec 23, 2023 9:59am Dec 23, 2023 9:59am
Quoting Zebi
so ill be on the lookout for red dot idiots who say rate cuts will make the dollar fall and ill go against them...thats contrarian trading gentlemen and the difference between me and this place ...homework
I agree, it's not that simple.

LOL.
  • #798,744
  • Dec 23, 2023 10:02am Dec 23, 2023 10:02am
Quoting Jolita
{quote} In sell with BTC, Ada and Sol
Also holding to Shiba, Lunc and Luna2 which is not doing very well, but doesn't bite.
  • #798,745
  • Dec 23, 2023 10:05am Dec 23, 2023 10:05am
Quoting Robinhood1
{quote} I beleive 44500 área could be the highest zone before droping into negative. Nevertheless, Bitcoin has a great future in years to come in my opinión.
If we happen to see bitcoin trading under $1, my leverage Will be set to 1
POSTMASTER
  • #798,746
  • Dec 23, 2023 10:24am Dec 23, 2023 10:24am
i forgot this section...im sure the forbes article isnt a comprehensive list of hikes and cuts but it will do for demonstration purposes

2 years of rate cuts beginning end of 1990 and dollar goes up until 9-11 and our revenge invasions
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2023-12-23 101823.png Size: 16 KB
Click to Enlarge Name: Screenshot 2023-12-23 101955.png Size: 10 KB
short trump and go long the deepstate
  • #798,747
  • Dec 23, 2023 10:36am Dec 23, 2023 10:36am
Being holiday and thus boring i have set some entertainment which i beleive is good for the eyes look at Bitcoin chart samba samba
POSTMASTER
  • #798,748
  • Dec 23, 2023 10:36am Dec 23, 2023 10:36am
one more thing gentlemen

this is another time i feel foolish mentioning this but it may be of benefit to beginners.... theres one week left in this year so time to look at quarterly and yearly charts

so one trick i use when i look at such longterm and glacial charts is i pretend theyre 5 min charts to better understand where price will go
short trump and go long the deepstate
  • #798,749
  • Dec 23, 2023 10:39am Dec 23, 2023 10:39am
Quoting Robinhood1
Being holiday and thus boring i have set some entertainment which i beleive is good for the eyes look at Bitcoin chart samba samba

what timefram?

quarterly it looks dead...its hitting resistance and will start falling next year

i dont trade it cause i dont trust crypto exchanges and the cme micro contract still too big for me...could lose lots of money on a spike one way or another LOL

According to data published by Cryptowisser, a leading crypto service comparison website, 51 cryptocurrency trading platforms closed down in 2022 after facing losses.Dec 14, 2022


golds as volatile an instrument that ill trade on futures exchange
short trump and go long the deepstate
  • #798,750
  • Dec 23, 2023 10:45am Dec 23, 2023 10:45am
ill look for some etf's traded on usa exchanges than ill maybe short a little so i can say i was in on bitcoins death
short trump and go long the deepstate
  • #798,751
  • Dec 23, 2023 10:53am Dec 23, 2023 10:53am
Quoting Zebi
ill look for some etf's traded on usa exchanges than ill maybe short a little so i can say i was in on bitcoins death
If you see It trading at 1$, buy 4 and if i am right, will turn into 4 million. If i am wrong lose 4 bucks
POSTMASTER
  • #798,752
  • Dec 23, 2023 10:56am Dec 23, 2023 10:56am
Quoting tiborf71
GBP/USD. H1. {image}

What are those rede lines? Looks very helpful.
  • #798,753
  • Dec 23, 2023 10:57am Dec 23, 2023 10:57am
Quoting Reverso
{quote} Bro, a question if you don't mind. You hold the trades for so long, months even, the cost of swap must be on the high side, right? How do you deal with swap cost i wonder? My broker has higher swap cost for GU buy and a much lesser swap cost for GU sell, either way I'm paying swap after each day of holding on to my existing trades. Not that the swap will hurt me much, but curious is there an alternative way of dealing with swap more favourably by considering other broker option, currently using pepper, been with them for many years.
Hi Reverso,
Thanks for bringing this up.
Swaps costs are definitely an issue. You can gauge from my closed trades list the amount of swap fees I paid over a year period. It represents roughly 10% of profit made. The most sensible thing would be to trade positive swap fee pairs only for example UsdJpy and GbpJpy buy trades give me a nice positive swap. Something definitely for consideration next year. I am very familiar with GbpUsd and it was my obvious choice to trade as long term trading which has been a work in progress since 2017. So yes, I'll probably still trade GU long term and will have to consider it as cost of business on a positive note. However I will become more proactive with UJ and GJ long trades to offset my negative swap costs. Something for me to ponder on going into next year.
I have thought about looking for a different broker offering me a better deal on swap costs with GU, but I have been with my broker for so long and I trust them. So it will be a hard transition for me.
Cheers.
Trade to trade another day
  • #798,754
  • Dec 23, 2023 10:58am Dec 23, 2023 10:58am
Quoting Eren10
{quote} What are those rede lines? Looks very helpful.
trend lines+s/r levels.
  • #798,755
  • Dec 23, 2023 11:01am Dec 23, 2023 11:01am
Quoting Zebi
{quote} what timefram? quarterly it looks dead...its hitting resistance and will start falling next year i dont trade it cause i dont trust crypto exchanges and the cme micro contract still too big for me...could lose lots of money on a spike one way or another LOL According to data published by Cryptowisser, a leading crypto service comparison website, 51 cryptocurrency trading platforms closed down in 2022 after facing losses.Dec 14, 2022 golds as volatile an instrument that ill trade on futures exchange
Yes but Bitcoin has come for good. Its being used with normality but going from $0.39 to $69000 requieres some tough draining. I remember Oil at $0.003 april 2020 and Recently $130. They both have a reason.
POSTMASTER
  • #798,756
  • Dec 23, 2023 11:03am Dec 23, 2023 11:03am
Quoting Robinhood1
{quote} Yes but Bitcoin has come for good. Its being used with normality but going from $0.39 to $69000 requieres some tough draining. I remember Oil at $0.003 april 2020 and Recently $130. They both have a reason.
Liteccoin Will surpass Bitcoin in the long run.
POSTMASTER
  • #798,757
  • Dec 23, 2023 11:23am Dec 23, 2023 11:23am
Quoting bigiivan
{quote} Leon, you are an unreal man! I pretend to have a patience, but you kill me. I don't think I will hold a trade for a whole year. You have no feelings, brother. That's awesome! Every trader has to be like you! However, I write you to ask you something: before a year or two, I asked you why you trade with that size of lots (then you traded with 0,02 lots, after you started to trade with 0,05 lots). Now I am asking you again: why you trade with 0,05 lots? This is not question for answer, this is a question for you. Wish you more pips...
Hi Bigive,
I think you have just answered your own question and it took me years to figure out In my earlier days I could never bare the thought of keeping a trade open for more than a few hours because of the big lot sizes I traded. It was until one day that I lost most of my funds and my wife refused to give another cent to invest into forex. I had about $100 left. I threw in a few .01 lot small trades and walked away. I completely forgot about it and came back a couple of weeks later. My account had grown substantially. It is then that I realized I could only forget about my trades because I traded small but never when I traded big. A psychological shift for me.
Cheers,
Trade to trade another day
  • #798,758
  • Dec 23, 2023 11:27am Dec 23, 2023 11:27am
Quoting mallee
{quote} Awesome chart and results mate. Thanks for the kind words and have a wonderful Xmas. Catch you in the NY. Al
Thanks Mallee. You too have a great Xmas,Cheers.
Trade to trade another day
  • #798,759
  • Dec 23, 2023 1:42pm Dec 23, 2023 1:42pm
Quoting tiborf71
{quote} trend lines+s/r levels.

I meant the other red lines, Bollinger Bands? With what settings?
  • #798,760
  • Dec 23, 2023 2:03pm Dec 23, 2023 2:03pm
Quoting Eren10
{quote} I meant the other red lines, Bollinger Bands? With what settings?

55.2.0.
I hope it helps
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