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Cable Update (GBPUSD)

  • #809,961
  • Feb 16, 2024 3:31am Feb 16, 2024 3:31am
Quoting Elysion
I guess we need to wait for a new H4 candle. Currently H1 shows no signs of going anywhere in most pairs. 37 mins till a new H4 candle.
news for GBP is green why GBPUSD down?
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #809,962
  • Feb 16, 2024 3:32am Feb 16, 2024 3:32am
Noice, very noice

Closed 1.2578 @ 1.2588

Had a buy stop on Euro set at 1.0768, triggered but it's not taking off as expected, should have jumped in earlier....
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Don't Leave Money on the Table
  • #809,963
  • Feb 16, 2024 3:35am Feb 16, 2024 3:35am
Quoting HaLBot
Noice, very noice {image}
.... yeh nice 5min bullish reg div set-up with a bullish engulf close trigger @ that prev 1hr sw lo zone = prev supp = pot supp.

5min below
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Trader with an Edge.
  • #809,964
  • Feb 16, 2024 3:38am Feb 16, 2024 3:38am
Quoting GODofMC
{quote} news for GBP is green why GBPUSD down?
MM sweeping buyers and inducing sellers.
Can't control MM unless you're the MM
Exhausted
  • #809,965
  • Feb 16, 2024 3:39am Feb 16, 2024 3:39am
I'm gonna shift to indices trading now. Currency sucks.
Exhausted
  • #809,966
  • Feb 16, 2024 3:41am Feb 16, 2024 3:41am
add short 2586 just little
dont teach me how to buy. im sellers!!
  • #809,967
  • Feb 16, 2024 3:44am Feb 16, 2024 3:44am
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yes yes yes
  • #809,968
  • Feb 16, 2024 3:49am Feb 16, 2024 3:49am
Quoting GODofMC
{quote} news for GBP is green why GBPUSD down?
Hi. Because that's what the market did after the initial knee-jerk spike up, is the only real answer maybe? We don't always know why, or should I say it isn't always obvious why. Perhaps it was because sell orders were waiting @ the potential res zone the immediate post data hi/current dly hi hit,? (ie the prev 1hr/4hr sw hi zone that extends up to 2611,) and got filled by the buy-side liquidity created by that initial spike up on the data release? I know it can be difficult when the market isn't doing what we think it should be doing, particularly like in this instance where that Uk data was, on the face of it -good data, and yet after the initial spike up on it, it sold off, but it's a classic case of 'trade what you see - not what you think.' The market doesn't care what we think.
Trader with an Edge.
  • #809,969
  • Feb 16, 2024 3:51am Feb 16, 2024 3:51am
Quoting GODofMC
{quote} news for GBP is green why GBPUSD down?
News came in 5mins go. I wanted to buy but I'll wait.

Edit: It's for Canada. I thought it was BoE.
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  • #809,970
  • Feb 16, 2024 3:58am Feb 16, 2024 3:58am
Quoting Mitiblotch
{quote} News came in 5mins go. I wanted to buy but I'll wait. {image}
There is a guy that should be fired for gross incompetence! How can he possibly say that the BOC will cut rates 5x unless the system is being manipulated? Yeah I know it probably is being manipulated but he isn't supposed to tell the public that! It undermines confidence that the system actually has a purpose and is being well managed.
As opposed to simply trying to separate the public from their wealth, homes and so on as has been happening.
  • #809,971
  • Feb 16, 2024 3:59am Feb 16, 2024 3:59am
...likely 1hr bullish piercing pattern close in a few secs?
Trader with an Edge.
  • #809,972
  • Feb 16, 2024 4:02am Feb 16, 2024 4:02am
Quoting Mitiblotch
{quote} News came in 5mins go. I wanted to buy but I'll wait. Edit: It's for Canada. I thought it was BoE. {image}
this is most rational reason i see
The issue can move the market too
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #809,973
  • Feb 16, 2024 4:07am Feb 16, 2024 4:07am
Quoting dantpm
{quote} There is a guy that should be fired for gross incompetence! How can he possibly say that the BOC will cut rates 5x unless the system is being manipulated? Yeah I know it probably is being manipulated but he isn't supposed to tell the public that! It undermines confidence that the system actually has a purpose and is being well managed. As opposed to simply trying to separate the public from their wealth, homes and so on as has been happening.
You know with money when the finest of people seem to fail. I don't know why the man would make such a statement.
  • #809,974
  • Feb 16, 2024 4:09am Feb 16, 2024 4:09am
Quoting Headland
{quote} Hi. Because that's what the market did after the initial knee-jerk spike up, is the only real answer maybe? We don't always know why, or should I say it isn't always obvious why. Perhaps it was because sell orders were waiting @ the potential res zone the immediate post data hi/current dly hi hit,? (ie the prev 1hr/4hr sw hi zone that extends up to 2611,) and got filled by the buy-side liquidity created by that initial spike up on the data release? I know it can be difficult when the market isn't doing what we think it should be doing, particularly...
thankyou
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #809,975
  • Feb 16, 2024 4:09am Feb 16, 2024 4:09am
Bull to tired to climb. 2 PPI news later will decide
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #809,976
  • Feb 16, 2024 4:18am Feb 16, 2024 4:18am
17 mins in, barely any movement
Exhausted
  • #809,977
  • Feb 16, 2024 4:20am Feb 16, 2024 4:20am
The free fall is coming
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yes yes yes
  • #809,978
  • Feb 16, 2024 4:27am Feb 16, 2024 4:27am
Cable is hurting my nerves.
There are times in which I can spot it perfect to the pip, and there are times in which I just cannot understand what the fuck is happening.

So, being it the second scenario, and since my account stats clearly say that I got shitloads profits on other instruments in last 2 months, and adding that I personally don't give a shit if money is coming from commodities, indices, cryptos or whatever, and furthermore I have a limited space in my screens so will use that space for other better instruments. So in summary:
I stop on trading the cable for a while
It really makes no sense to me an instrument where price goes nowhere. I need to trade instruments where price.... goes!

In the past, cable was very good, but the more time goes on, the worse it becomes.
Even the EUR USD is better than Cable, and this is something really to think about.
It's not about having a trend, it's about the way it moves, tightening ranges on every damn timeframe!!

Will come back on cable once I see it moving again, and showing something to make me feel it's good to trade it again.
be it next week or next year I don't know.
90% of traders use TA, indicators and prediction
  • #809,979
  • Feb 16, 2024 4:40am Feb 16, 2024 4:40am
H1 finally aligned.
Now we wait
Exhausted
  • #809,980
  • Feb 16, 2024 4:49am Feb 16, 2024 4:49am
Quoting _BBKing_
Cable is hurting my nerves. There are times in which I can spot it perfect to the pip, and there are times in which I just cannot understand what the fuck is happening. So, being it the second scenario, and since my account stats clearly say that I got shitloads profits on other instruments in last 2 months, and adding that I personally don't give a shit if money is coming from commodities, indices, cryptos or whatever, and furthermore I have a limited space in my screens so will use that space for other better instruments. So in summary: I stop...
both eu gu same...gold better
dont teach me how to buy. im sellers!!
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