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Cable Update (GBPUSD)

  • #833,981
  • Aug 1, 2024 6:18am Aug 1, 2024 6:18am
News was already traded, the move came in today 7am an hour before london session and now after news no movement at all from the market.

Insiders took this one and yeah its pretty much finished its move as i can see
Trade What You See
  • #833,982
  • Aug 1, 2024 6:20am Aug 1, 2024 6:20am
add shorts 2773 targeting 2700
People don't plan to lose. They lose because they don't plan.
  • #833,983
  • Aug 1, 2024 6:21am Aug 1, 2024 6:21am
Quoting MrFxLaJunzz
News was already traded, the move came in today 7am an hour before london session and now after news no movement at all from the market. Insiders took this one and yeah its pretty much finished its move as i can see
Exactly what I was saying. Data was already released to the highest bidders before official release. Nobody dumps tens of billions into a short without knowing for certain that his billions would yield profit.
  • #833,984
  • Aug 1, 2024 6:23am Aug 1, 2024 6:23am
Quoting JackintheBox
{quote} Yes, I thought about that, too. What I can see if that the swings sometimes get just bigger/take longer. If you watch USD/JPY in comparision you can see what is possible if big players would be alowed to trade like they wanted(at USD/JPY it is currently so wild because BOJ is trading all the time, driving it up and down). Lots of restrictions were coming in last 10 years and some law suits against banks (2008,2009 and 2012 I think) for manipulating the market. Fun fact: Currently, imho, the central banks themselve manipulate the markets...

Yes I'm sure big players use algos, if you can have an edge in the markets use it.
Just looked up percentages and after a quick check of a couple of web pages seems to be about 80% are algos trading the market which puts a whole different perspective on who's trading the market.
Of all those algos in the market I wonder how many are successful?
Richard from Lepus Trading here in Melbourne was saying at one of his seminars that most just don't work due to the parameters set and if 90 to 95% of traders are still failing then what does that say about automatic trading??
Don't Leave Money on the Table
  • #833,985
  • Aug 1, 2024 6:25am Aug 1, 2024 6:25am
Quoting dempire1
{quote} I get your point. I really do. But at the same time what should we all stay and put our head in the sand and trust in god and “survive” the markets and be okay with thinking that everyone tries to “stop hunt”, “manipulate” you and so on? Honestly what the hell? Are we really that stupid? Day after day people are getting beaten up here. “Stop hunts”, “manipulations” blabla. I’m trying to challenge these thoughts by encouraging people to think more and get over that useless crap. Yes it might come out “aggressive” to folks. But people here...
While your point is well taken, manipulations do happen. Now wether this is against the poor retail trader or against fellow big funds is a topic for another day. People have actually been jailed for it. Banks have been fined for it. You can Google it for yourself and see. My point is that as correct as you are, you do not have 100% knowledge of what goes on behind the scenes in black funds, etc. And banks also get beaten up in their trades. This is also a fact. So make your money and don't bother too much else you'll find yourself screaming everyday.
  • #833,986
  • Aug 1, 2024 6:26am Aug 1, 2024 6:26am
Quoting ScalaFX
add shorts 2773 targeting 2700
Stop it Scala. I'm long.
  • #833,987
  • Aug 1, 2024 6:30am Aug 1, 2024 6:30am
Quoting Mitiblotch
{quote} Stop it Scala. I'm long.
Just one more push to 1.27 or some under
People don't plan to lose. They lose because they don't plan.
  • #833,988
  • Aug 1, 2024 6:32am Aug 1, 2024 6:32am
Quoting ScalaFX
{quote} Just one more push to 1.27 or some under
Oh no please. I have my stop just by the corner.
  • #833,989
  • Aug 1, 2024 6:35am Aug 1, 2024 6:35am
Quoting ScalaFX
{quote} Just one more push to 1.27 or some under

Not going to happen atm, if it was Cable be still being sold off.
Waiting for US data out a bit later today for clear direction
Don't Leave Money on the Table
  • #833,990
  • Aug 1, 2024 6:44am Aug 1, 2024 6:44am
em long techincally its going up
  • #833,991
  • Aug 1, 2024 6:46am Aug 1, 2024 6:46am
Quoting dempire1
{quote} what the hell are you talking about and what the hell are people liking this shitpost? What manipulated? Have you read news? Did you see yesterday Fed monetary policy meeting? Wake up!
You may need to learn some social manners of respectfully disagreeing to other people post.
Data + Stat + Risk/Emotions Management
  • #833,992
  • Aug 1, 2024 6:48am Aug 1, 2024 6:48am
Quoting Mitiblotch
{quote} Oh no please. I have my stop just by the corner.
my BE from all positions now 2843 so I can take that risk, good luck Bro
People don't plan to lose. They lose because they don't plan.
  • #833,993
  • Edited 7:14am Aug 1, 2024 6:55am | Edited 7:14am
Quoting ScalaFX
{quote} my BE from all positions now 2843 so I can take that risk, good luck Bro
Wow! You have enough breathing space. Nice trade.
  • #833,994
  • Aug 1, 2024 7:01am Aug 1, 2024 7:01am
Quoting dempire1
{quote} I get your point. I really do. But at the same time what should we all stay and put our head in the sand and trust in god and “survive” the markets and be okay with thinking that everyone tries to “stop hunt”, “manipulate” you and so on? Honestly what the hell? Are we really that stupid? Day after day people are getting beaten up here. “Stop hunts”, “manipulations” blabla. I’m trying to challenge these thoughts by encouraging people to think more and get over that useless crap. Yes it might come out “aggressive” to folks. But people here...

SMC, ICT, EW, TA, PA everything is useless! now you are learning the fundamental to get 100% profit

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https://breakpullback.com
  • #833,995
  • Aug 1, 2024 7:02am Aug 1, 2024 7:02am
Quoting Georginson
{quote} You may need to learn some social manners of respectfully disagreeing to other people post.
If I may ask

What exactly made you think that the moves are manipulated?

Looking forward for your reply.

Best
dempire1
How to succeed in zero sum game?
  • #833,996
  • Aug 1, 2024 7:03am Aug 1, 2024 7:03am
Quoting eyefeelsix
{quote} SMC, ICT, EW, TA, PA everything is useless! now you are learning the fundamental to get 100% profit {image}

100% fundamental haha.

But to make some things clear. Not fundamental, no not at all. Study economy. Real things. Science. Things you can prove and track. Things that exist. But you wouldn't understand it
How to succeed in zero sum game?
  • #833,997
  • Aug 1, 2024 7:05am Aug 1, 2024 7:05am
Quoting dempire1
{quote} 100% fundamental haha.
keep going man, you have kept this thread alive
https://breakpullback.com
  • #833,998
  • Aug 1, 2024 7:06am Aug 1, 2024 7:06am
Quoting eyefeelsix
{quote} keep going man, you have kept this thread alive
Someone has to. It's either your losses or me or somebody else
How to succeed in zero sum game?
  • #833,999
  • Aug 1, 2024 7:09am Aug 1, 2024 7:09am
Went out for lunch and boom GU went up frigging 40 odd pips! Maybe Bailey said something like no more cuts until Arsenal win the league or something
Insane in the Brain..
  • #834,000
  • Aug 1, 2024 7:12am Aug 1, 2024 7:12am
Quoting BeeTogether
Went out for lunch and boom GU went up frigging 40 odd pips! Maybe Bailey said something like no more cuts until Arsenal win the league or something
Yes, said that dont know about more rate cuts this year
People don't plan to lose. They lose because they don't plan.
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