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Cable Update (GBPUSD)

  • #811,501
  • Feb 23, 2024 9:53am Feb 23, 2024 9:53am
Quoting hoda
{quote} Close All With Profit. My Weekly Trading History. {image}
thanks again for posting hoda!

as always, it's a great inspiration for me to see what else is possible.
trading is like dancing, don't think and just listen to the music!
  • #811,502
  • Feb 23, 2024 9:54am Feb 23, 2024 9:54am
Quoting Zebi
{quote} btw im still short from last nite when i went to bed i shorted earlier so am minus 7 pips on my average...but since i didnt post the last short i wont bring it up again
average 2679 and flirting with breakeven

gona hold these shorts till 2600 but wont avrage up anymore only short when price drops somemore
short trump and go long the deepstate
  • #811,503
  • Feb 23, 2024 10:16am Feb 23, 2024 10:16am
what with SP500? I wonna Short this with fat lots but no sign of weakness till now.. any view?
People don't plan to lose. They lose because they don't plan.
  • #811,504
  • Feb 23, 2024 10:17am Feb 23, 2024 10:17am
Quoting hoda
{quote} Close All With Profit. My Weekly Trading History. {image}
Hoda Bro, that is insane, congrats
People don't plan to lose. They lose because they don't plan.
  • #811,505
  • Feb 23, 2024 10:19am Feb 23, 2024 10:19am
If the chart respects it, there are inverse H&S in the 5 min EU and GU.
  • #811,506
  • Feb 23, 2024 10:22am Feb 23, 2024 10:22am
Quoting hoda
{quote} Close All With Profit. My Weekly Trading History. {image}
Hoda, smashed a million in a few days?
Amazing result!
  • #811,507
  • Feb 23, 2024 10:35am Feb 23, 2024 10:35am
Quoting Nordling
{quote} Yep agreed. Headline CPI is hot and all but the report itself looks good. Nothing to worry about. It's only shelter that looks high but i think it's just base effect.
There are cases for why the rate of inflation should continue going down, however there also cases for why it shouldn't. Honestly, I have no idea where inflation is headed. The only thing I know is that the growth is way worse than what the numbers suggest it is. I mean, what is the real US GDP if we exclude government spending? How can the economy grow by 5% if the manufacturing is non-existant?

One is for certain... there will be no soft landing. It's that bad that the airplane will explode before it even crashes down.
What we know is that when Fed hiked rates to 5% in the past it resulted in GFC. This time they went somewhat higher and much faster.

Now, common knowledge would suggest that if the country is in recession, then inflation falls...
I think this will be just yet another case of central banks being too late with lowering rates, again, but we'll see...
  • #811,508
  • Feb 23, 2024 10:38am Feb 23, 2024 10:38am
Quoting ScalaFX
what with SP500? I wonna Short this with fat lots but no sign of weakness till now.. any view?
Very hard to tell, i think there will be a major retracement soon.
The Timing is hard, you need dxy to go up.
The hard part is if Inflation comes back up, markets can easaly continiu up.
Asset prices adjust to currency value, a weaker currency means higher asset prices.
So for a major move you need to follow the USD and Inflation trends.

The V-shape recovery since the 2020 crash is nothing more then Inflation, for a major Change in direction you need Deflation or Regression in Inflation
1k to 100k Copy Trading All Time Return: 367.9%
  • #811,510
  • Feb 23, 2024 10:43am Feb 23, 2024 10:43am
Quoting ScalaFX
what with SP500? I wonna Short this with fat lots but no sign of weakness till now.. any view?
Market taught me to not make bold statements. Not to suggest people to buy or short. But my fundamental analysis tells that we are in bullish times. I wouldn't want to sell it now.

However there's this thing: i hold my positions overnight. But some of us keep them for a few hours or even few minutes. So if you are targeting a small pullback, then it's fine. But i don't expect a bear market. At least until the next US GDP data.

Greenest pips to you buddy
You have to have an IQ higher than 90 to interact with this user.
  • #811,511
  • Feb 23, 2024 10:45am Feb 23, 2024 10:45am
Quoting ScalaFX
what with SP500? I wonna Short this with fat lots but no sign of weakness till now.. any view?
Charts look amazingly bullish on almost every TF... even if the price starts going down it would still remain bullish for some time haha.
Problem is that the Fed promised rate cuts and stock market is injecting itself with the drug and will probably overdose, but not quite yet. Look for some stronger US data, something that would push Fed's rate cuts further into the future (higher CPI), however even that won't last forever, because again, FED PROMISED RATE CUTS.
  • #811,512
  • Feb 23, 2024 10:50am Feb 23, 2024 10:50am
Quoting Whatevs
{quote} There are cases for why the rate of inflation should continue going down, however there also cases for why it shouldn't. Honestly, I have no idea where inflation is headed. The only thing I know is that the growth is way worse than what the numbers suggest it is. I mean, what is the real US GDP if we exclude government spending? How can the economy grow by 5% if the manufacturing is non-existant? One is for certain... there will be no soft landing. It's that bad that the airplane will explode before it even crashes down. What we know is...
That's a really good take. I am also on the team recession rather than the soft landing. However market prefers the latter narrative. Of course, just for now.

Not gonna lie consumer spending in US is good. But on the other hand we have recession in the rest of the world. UK, Euro Area, Japan, and China is on the edge. Sooner or later this fire will also spread to USA and the rest of the world. I don't think US Consumer Spending will be strong enough to save the whole world.
You have to have an IQ higher than 90 to interact with this user.
  • #811,513
  • Feb 23, 2024 11:08am Feb 23, 2024 11:08am
Quoting Coreg2004
Hidden
For me, not 20 pips, the DD never bothers me.

Because, my trade management is something special.

I bet this kind of trade management, I specialized it and that lesson was given to me by Prop firms.
Intraday only.
  • #811,514
  • Feb 23, 2024 11:10am Feb 23, 2024 11:10am
Quoting Nordling
{quote} Market taught me to not make bold statements. Not to suggest people to buy or short. But my fundamental analysis tells that we are in bullish times. I wouldn't want to sell it now. However there's this thing: i hold my positions overnight. But some of us keep them for a few hours or even few minutes. So if you are targeting a small pullback, then it's fine. But i don't expect a bear market. At least until the next US GDP data. Greenest pips to you buddy
thats why I not shorting it yet but when I see this number I wonna sell 20 lot
People don't plan to lose. They lose because they don't plan.
  • #811,515
  • Feb 23, 2024 11:19am Feb 23, 2024 11:19am
Quoting navk
{quote} For me, not 20 pips, the DD never bothers me. Because, my trade management is something special. I bet this kind of trade management, I specialized it and that lesson was given to me by Prop firms.
navk, my SL is 15-30 pips, depending if I go with full or partial position. My S/R zones are never bigger on 30M TF. If I enter at exhaustion point 100-120%dailyATR(14) my risk is even smaller. I think ti's standard for the day traders.
Always trade your own plan...I don't provide trading signals.
  • #811,517
  • Feb 23, 2024 11:27am Feb 23, 2024 11:27am
Quoting Whatevs
{quote} Charts look amazingly bullish on almost every TF... even if the price starts going down it would still remain bullish for some time haha. Problem is that the Fed promised rate cuts and stock market is injecting itself with the drug and will probably overdose, but not quite yet. Look for some stronger US data, something that would push Fed's rate cuts further into the future (higher CPI), however even that won't last forever, because again, FED PROMISED RATE CUTS.

when everything looks amazingly bullish its time to look for short signals

i bot nividia puts yesterday and today... this whole AI thing will peter out same as the EV thing is doing
short trump and go long the deepstate
  • #811,518
  • Feb 23, 2024 11:29am Feb 23, 2024 11:29am
Quoting AyoLouie07
{quote} Started around 4am and I just got service. Apparently it was a nationwide outage.
Thank you. Well i am speculating in that it was due to some solar flares, at the X-level of energy intensity.
The space weather prediction center reported a strong flare yesterday(22/2):

I quote:
Solar flare intensities cover a large range and are classified in terms of peak emission in the 0.1 – 0.8 nm spectral band (soft x-rays) of the NOAA/GOES XRS. The X-ray flux levels start with the “A” level (nominally starting at 10-8 W/m2). The next level, ten times higher, is the “B” level (≥ 10^-7 W/m2); followed by “C” flares (10^-6 W/m2), “M” flares (10^-5 W/m2), and finally “X” flares (10^-4 W/m2).

Radio blackouts are classified using a five-level NOAA Space Weather Scale, directly related to the flare’s max peak in soft X-rays reached or expected. SWPC currently forecasts the probability of C, M, and X-class flares and relates it to the probability of an R1-R2, and R3 or greater events as part of our 3-day forecast and forecast discussion products. SWPC also issues an alert when an M5 (R2) flare occurs.
Attached Image(s) (click to enlarge)
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You have an IQ lower than 90 if you interact with this user.
  • #811,519
  • Edited 11:55am Feb 23, 2024 11:43am | Edited 11:55am
Quoting Coreg2004
Hidden
i just looked at the chart and im in the money seems like

you must not be since you prolly bought the dip last couple hours LOL

thats why youre lashing out LOL

cheer up coreq...nikky haley will be your candidate since DT getting fitted for prison orange jumpsuits ....youll have a better chance with her than him
short trump and go long the deepstate
  • #811,520
  • Feb 23, 2024 11:45am Feb 23, 2024 11:45am
ty mister
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 40 KB
yes yes yes
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