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Cable Update (GBPUSD)

  • #821,061
  • Apr 11, 2024 6:54am Apr 11, 2024 6:54am
1.25 got my pending order set. Nice round number for a zen entry. Hopefully
  • #821,062
  • Apr 11, 2024 6:56am Apr 11, 2024 6:56am
Quoting Zebi
i shorted UJ 153.15 a 4H sell signal
Quoting Zebi
{quote} put in a sl at 153 to make some money if those dipshits at the BOJ don't do or say anything and price turns back up and placed a tp at 152.50 since Im not staying up all nite and ill be happy with that profit
only got 15 pips from my UJ short...i was expecting more bullshit to come out of the Japanese mouths yesterday

greed got me I could have had 20 more pips if closed before going to sleep
short trump and go long the deepstate
  • #821,063
  • Apr 11, 2024 7:00am Apr 11, 2024 7:00am
Quoting Zebi
im goin to read the prop firm thread to see how many people blew their prop challenge accounts today went long GU .2539 god help me for bein this foolish
same thing with GU...got stopped out at even while sleeping...thot price would reach to 2580 at least but everyone's scared of the severity of the fall yesterday
short trump and go long the deepstate
  • #821,064
  • Apr 11, 2024 7:01am Apr 11, 2024 7:01am
Quoting Jolita
{quote} Hi, sorry, I know, phone screenshot looks messy, but does the job for me.
Thats's fine. I just liked the pretty colours and lines
every Saint has a past. Every Sinner has a Future
  • #821,065
  • Apr 11, 2024 7:01am Apr 11, 2024 7:01am
Quoting DimoProFm
{quote} oooh, my bro do an intensive search and reading about the Financial Market....and know who are the players....key players in the Financial mkt are MKT MAKERS and who are they ...banks.central banks, hedge funds, financial government institutions. etc and then on the other side we have retail traders...the pros and the novice traders..the novice traders are gamblers in the market who don't even know that there is mkt maker in the mkt...who moves the mkt and novice traders hold views like yours in the mkt. Do you think mkt is in Random motion...
LOL
no, I don't think market is random at all.
I simply and firmly believe that money flows because of reasons. So if CPI now is not going back down soon, we will not have any particular change in the whole scenario. That's the reason triggering the move down in GBP USD yesterday.
But this is 1 thing.
Another thing is assuming to know where bigger market players come in, why. how much, till when, and so on.
Market is really complex and cannot just be summarized by "mkt makers" since we don't really know what big players do.
That's my point.
We can assume that at a certain level they are buying / selling. But is and will always be just what it is: an assumption!

Also, big players enters the market just for liquidity reasons. It's not just to buy the low and sell the high. Market needs liquidity also along the way. In the past this was done pretty manually, now it's all in electronic microchips and calculation (algos indeed or even AI). Banks and major funds just allocate what they have to allocate, then it's automatically sent into market as liquidity.

So, in summary, I don't certainly know where big players enter the market, and you also don't know because if that was the case, you would not be wasting time in a public forum acting like you know it all, but you would probably be managing the billions $ profits you took from the market in last month.

I can also tell you that most liquidity is below the 1.25 line and that from the 1.24 area we will get back to 1.27 area. But this is again, just an assumption which requires a lot of (fundamental) reasons to develop along the way.

Ending: you don't know how many orders came in buying the GBPUSD yesterday along the way down from 1.2630 till 1.2520. You just see a steep move down. Believe me: big players bought a shitload in that move.
90% of traders use TA, indicators and prediction
  • #821,066
  • Apr 11, 2024 7:03am Apr 11, 2024 7:03am
Quoting DimoProFm
{quote} See this also its much clear that M15, when the red zone was hit that was yesterday reversal behind News and when blue zone below was hit it again reacted why ???? {image}
and please... STOP using bold on posts. it's pretty annoying!
90% of traders use TA, indicators and prediction
  • #821,067
  • Apr 11, 2024 7:07am Apr 11, 2024 7:07am
Quoting DimoProFm
{quote} See this also its much clear that M15, when the red zone was hit that was yesterday reversal behind News and when blue zone below was hit it again reacted why ???? {image}

I see halbot beat me to it

youll realize the longer you're here there are two types of dipshits on forex factory....the ones that just post a chart without comment or explanation for it and the other just post text but no chart to accompany their analysis

so don't be one of them

there's one guy in here that needs your kind of insight because he's one of the kinds of people I described above whos always wrong at market turns ...so hope he reaches out to you for your knowledge
short trump and go long the deepstate
  • #821,068
  • Apr 11, 2024 7:18am Apr 11, 2024 7:18am
seeing that im a contrarian and i like pissing on conventional wisdom and the people that trade that way like I'm doing in a picture in my profile

I think GU price might bounce first no matter what the PPI comes in at so just watch yourselves

here's that pic of the tree of conventional wisdom and what I think of it
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short trump and go long the deepstate
  • #821,069
  • Apr 11, 2024 7:21am Apr 11, 2024 7:21am
GU small lot SL small and long.
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  • #821,070
  • Apr 11, 2024 7:27am Apr 11, 2024 7:27am
I'm looking to buy but I'm scared
and doing small size like yesterday means nothing.
I better wait.

ALSO: focusing on OIL atm
90% of traders use TA, indicators and prediction
  • #821,071
  • Apr 11, 2024 7:28am Apr 11, 2024 7:28am
a rare case of positive correlation between swissie and fiber, something is going wrong
chaos is just unknown order
  • #821,072
  • Apr 11, 2024 7:34am Apr 11, 2024 7:34am
Quoting Zebi
seeing that im a contrarian and i like pissing on conventional wisdom and the people that trade that way like I'm doing in a picture in my profile I think GU price might bounce first no matter what the PPI comes in at so just watch yourselves here's that pic of the tree of conventional wisdom and what I think of it {image}

my system says price may reach 2600 maybe even up to 2620 today....its not a bullish turn just a much needed bounce caused by shorts closing their trades but I'm sure that wont prevent people from calling this a new bull trend LOL
short trump and go long the deepstate
  • #821,073
  • Apr 11, 2024 7:36am Apr 11, 2024 7:36am
Quoting Zebi
{quote} my system says price may reach 2600 maybe even up to 2620 today....its not a bullish turn just a much needed bounce caused by shorts closing their trades but I'm sure that wont prevent people from calling for a new bull trend LOL
Can’t be bullish until we see past this months high which is miles away
Insane in the Brain..
  • #821,074
  • Apr 11, 2024 7:38am Apr 11, 2024 7:38am
Quoting birdland
some green hope here;-) {image}
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trading is like dancing, don't think and just listen to the music!
  • #821,075
  • Apr 11, 2024 7:39am Apr 11, 2024 7:39am
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  • #821,076
  • Apr 11, 2024 7:39am Apr 11, 2024 7:39am
This does not look good for cable, daily chart. MA's crossing over above and resistance at the 200 sma (purple) and 200 ema (red) above that (gorillas sitting on price squashing it flat, i.e. south)

And there are wicks on GJ daily chart, indicating south. We'll see.
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  • #821,077
  • Apr 11, 2024 7:45am Apr 11, 2024 7:45am
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yes yes yes
  • #821,078
  • Apr 11, 2024 7:51am Apr 11, 2024 7:51am
1H chart
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  • #821,079
  • Apr 11, 2024 7:51am Apr 11, 2024 7:51am
he's a my system guy now, well according to Gold that broke weeks ago lol
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #821,080
  • Apr 11, 2024 7:53am Apr 11, 2024 7:53am
here we go
new bull trend

kidding @zebi

wait somehow.... it's possible!
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