Cable Update (GBPUSD)
{quote} it doesnt help trying to warn them...ive been trying by poking proding and slapping people in here telling them to read and trade GU using the dollar chart instead of GU but most people like staying ignorant
What a beautiful weekly huge bearish closeKeep on buying bulls
A good week for me, in fact my best week in early 3-4 months {image}
Proving Every Stategy Fails. . . "Every popular system, strategy, and indicator just gives you a perspective to learn price action through. All systems tend to focus on a specific part of price action and have other limitations." --Iman
{quote} Hi. I can't let this go unchallenged. the idea that even on a 1hr trigger you would use a related instrument without a direct hi-coefficient correlation to trade the instrument that you are trading is a nonsense. As you well know £ is only circa 11% of the $ Index, and whilst the latter can be useful to see overall $ strength and weakness against it's basket of currencies, I would suggest that this is more useful for much longer-term trading that most retailers who inhabit this place get up to. Therefore the only ignorance being displayed...
{quote} https://www.youtube.com/shorts/hRBOn...?feature=share watch the dollar chart gentlemen instead of listening to fuckheads in hereignore GU daily candle and pay attention to todays dollar daily candle close.... will say if price keeps falling next week or we still stay in a range
{quote} just like the GU long i took...price is exhausted but may still go down 10 or 20 pips so ill buy again and lower my average but this is just a scalp countertrend cause daily dollar will have a hard time pulling out that boot thats stuck in GU bools ass after today
{quote} what little i know about fundamentals and fed bond buying and selling is tightening is bad for stock markets since the amouint of dollars decreases so less money to pump into stocks however in my mind theres fewer dollars so it should increase its value...plus dont forget jerome trying to make a soft landing which is dollar boolish too if he can avoid a recession by cutting rates im just a technician and the monthly dollar chart shows a big ass support level which is why im boolish dollar...chart below...my take is we go back up the range to 106 you use ICT concepts so i tried making a ICT chart with his order block support level goin back years
{quote} closed 2719... +20 pips...looks like a waiting game now will look to short hier cause dollar wont fall thru that monthly support i posted earlier
{quote} so i turned bearish GU when i posted this chart above on dec 29th ...i really got bearish when the saudis announced they joined brics and got pissed on by the dollar LOL on jan 2nd {quote} then on january 9th i posted that dollar chart below with the shaded gap...and heres the update
.... so that newbies will read slower and comprehend better cause most people are guilty including myself of skimming over peoples posts without fully comprehending and understanding whats really bein said because we all just look for trigger words while speed reading each others postsAnyone trade forex in weekend? At forex broker IG can trade some of pair n index on weekends
{quote} https://www.youtube.com/shorts/hRBOn...?feature=share watch the dollar chart gentlemen instead of listening to fuckheads in here
Hello guys, weekend has availed me the chance to look at the gbpusd chart from weekly timeframe and all I see here is bullish exhaustion with possible bearish breakout to possibly touch 1.2300... also noteworthy that minimum January February range is 475 pips and this last January produced arguably the lowest range in over 17 years, February is very likely to produce 470 - 650 pips... Keep an eye on 1.2300 area as far as 1.2770 is not probed. {image}
finally the monster bear has been released now. GREAT!! had taken lots of loss to SHORT GU. Now I expect it's a big price range move tour.
{quote} what made you change your boolish stance youve had the last couple weeks ...just yesterday you agreed with someone that we'll see 1.3 in medium term? good thing you looked at the weekly chart
