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Cable Update (GBPUSD)

  • #801,841
  • Jan 11, 2024 5:35am Jan 11, 2024 5:35am
Quoting voeltoez
sold 2765 sl 2775 if break im really done today..lol
Im in 2766 SL 80
People don't plan to lose. They lose because they don't plan.
  • #801,842
  • Jan 11, 2024 5:35am Jan 11, 2024 5:35am
BUY XAUUSD and GBPUSD

144 pips take profit

40 pips stop loss
ryoiki tenkai : Blue Juggernaut
  • #801,843
  • Jan 11, 2024 5:39am Jan 11, 2024 5:39am
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#Stay blue. /swinger/scalper/
  • #801,844
  • Jan 11, 2024 5:49am Jan 11, 2024 5:49am
Move up looks like it’s plateauing a bit. Not sure I’m still hunting the high of December.
Insane in the Brain..
  • #801,845
  • Jan 11, 2024 5:49am Jan 11, 2024 5:49am
Short for 20 pips
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yes yes yes
  • #801,846
  • Jan 11, 2024 5:50am Jan 11, 2024 5:50am
Quoting eyefeelsix
{quote} joined the bulls not as a sycophant {image}

I have got a better price buy on the orderblock zone, so i have to close one of them, CPI ahead is not a toy

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https://breakpullback.com
  • #801,847
  • Jan 11, 2024 5:53am Jan 11, 2024 5:53am
Quoting Zebi
{quote} what moved the market a 100 years ago?
Interesting factoid, the US money supply grew from $3 trillion to $19 trillion between 1990 and 2020. Consider what kind of liquidity would be tied up moving that money supply against other currencies if the central banks had to use actual currency swaps and contracts instead of simply orders?
  • #801,848
  • Jan 11, 2024 5:53am Jan 11, 2024 5:53am
Keep your money in you pockets guys and girls, guess who's on the prowling the thread again...
  • #801,849
  • Jan 11, 2024 6:05am Jan 11, 2024 6:05am
Always know this… In my terms the news is created to balance the market! Or rather the market adjust to the data from the news. Now the CPi/ unemployment data is about to be released. I’m long on GBPUSD but now I have taken 70% of the profit off the table. The news can clear the lows before going up. I know we are buying GU because we are clearly trading above the monthly support… Price can decide to go back and retest the support and news can cause a drastic change that you won’t be able to account for/ manage if you’re risking too much during the news.

So use minimal risk especially in the first 30 to 60 mins of news/data release.

I’ll add the 70% as soon as the market settles.
My telegram: https://t.me/avidforex
  • #801,850
  • Jan 11, 2024 6:30am Jan 11, 2024 6:30am
Consider the 'news process'.
For every news release:
-it takes time for the information to get published,
-it takes time for the decision makers to get access to the news data and more time to make a decision on how to respond,
-it takes time to either register an existing order or more time to create a new order,
-it takes time for the trading computers at the brokerage to process your order and more time to advise the central computers of the trading activity,

Even if all of these steps were done very quickly, price begins to react as the clock enters the second of the news release.

It simply isn't possible to 'react' to the news event as quickly as we see.

It would be possible to have orders in the system that are executed when the news is released but these orders would not be reacting to the news they would simply get executed.

Even the trading computer that is reacting to the event doesn't have time to process the information and react! It is simply moving price where the computer believes price should go.

Now consider when price moves in the opposite direction of what the data suggests. I know you have all of those who claim that the news data was already priced into the system and the market is aligning itself with the actual data release. Then you simply refer back to the original execution time presentation.
One individuals opinion.
  • #801,851
  • Jan 11, 2024 6:30am Jan 11, 2024 6:30am
Quoting ScalaFX
{quote} Im in 2766 SL 80
im out BE...better the SL money for buying cat food
  • #801,852
  • Jan 11, 2024 6:34am Jan 11, 2024 6:34am
Quoting voeltoez
{quote} im out BE...better the SL money for buying cat food
yeah, BE hit, waiting for 2820
People don't plan to lose. They lose because they don't plan.
  • #801,853
  • Jan 11, 2024 6:40am Jan 11, 2024 6:40am
Bulls took over again
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yes yes yes
  • #801,854
  • Jan 11, 2024 6:44am Jan 11, 2024 6:44am
[quote=dantpm;14715707]Consider the 'news process'. For every news release: -it takes time for the information to get published, -it takes time for the decision makers to get access to the news data and more time to make a decision on how to respond, -it takes time to either register an existing order or more time to create a new order, -it takes time for the trading computers at the brokerage to process your order and more time to advise the central computers of the trading activity,

What I believe is happening is the algos have a set of parameters they all operate on hence why price of important news will move in a particular direction.
This move could be 30, 50, 80 pips or whatever but way too fast for a human to activate so must be algos.
I like Headland's strategy for trading the news, trade the 2nd or 3rd one minute candle of high impact data. I've tried that approach and works well.......Not Financial Advice lol
Don't Leave Money on the Table
  • #801,855
  • Jan 11, 2024 6:47am Jan 11, 2024 6:47am
Got to love them 'V' shape recoveries
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Don't Leave Money on the Table
  • #801,856
  • Jan 11, 2024 6:47am Jan 11, 2024 6:47am
Quoting HaLBot
Quoting dantpm
Consider the 'news process'. For every news release: -it takes time for the information to get published, -it takes time for the decision makers to get access to the news data and more time to make a decision on how to respond, -it takes time to either register an existing order or more time to create a new order, -it takes time for the trading computers at the brokerage to process your order and more time to advise the central computers of the trading activity, What I believe is happening is the algos have a set of parameters
...
This is very 'possible' as the algo's would be reacting to the event and would not be required to react to the data.



Edit you still need a 'trader' on the other side of the transaction to enter their preferences into the system... more time.
  • #801,857
  • Jan 11, 2024 6:49am Jan 11, 2024 6:49am
Quoting Zebi
{quote} 1) anyone that spreads out multiple 5-10 or more trades each time they buy or short is a prop trader... count how many lots a guys got in his screenshot if its more than a couple hes a prop trader... a real account would have to have 100's of thousands in it to trade the size some of these guys do and i dont think anyone that rich would be hanging out with our pissant selves in this room 2) prop firms encourage YOLO gambling cause people want to pass the challenge in a day or two and they tell themselves theyll change their...
I see no difference in being a funded profifable trader, or being a own funds profitable trader.
The only difference Is about having or not own funds.
90% of traders use TA, indicators and prediction
  • #801,858
  • Jan 11, 2024 6:55am Jan 11, 2024 6:55am
We didn't have a drama for so long in our clinic so someone had to make up one to give some people the chance to post their life stories, again.
It has become the standard here to call someone involved in the markets for 9 years (at least) a rookie. My question to you @Advice777 is what have you been doing for this time to rely on others' opinions about the direction of the market? IMO if you knew better you would stick to what your charts are telling you. Because you don't know squat about the matters you want to become a millionaire by following others. Be the man and don't blame others for your ignorance.
Always trade your own plan...I don't provide trading signals.
  • #801,859
  • Jan 11, 2024 7:03am Jan 11, 2024 7:03am
Quoting ScalaFX
{quote} yeah, BE hit, waiting for 2820
12820 good area for TP and shorting (low risk 10-20pips)
Insane in the Brain..
  • #801,860
  • Jan 11, 2024 7:03am Jan 11, 2024 7:03am
Come on mister 1.27701
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yes yes yes
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