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Cable Update (GBPUSD)

  • #837,961
  • Sep 12, 2024 8:16am Sep 12, 2024 8:16am
Quoting HaLBot
{quote} I would call it a mixed bag... {image}
How do you use this data to take positions in the market?
Sometimes good news it goes up and sometimes good news it goes down.
Sometimes bad news and it goes up and sometimes bad news and it goes down.
I haven't figured out a way to make sense of this information, that's why I'm asking for some help...
  • #837,962
  • Sep 12, 2024 8:18am Sep 12, 2024 8:18am
Quoting Moty
{quote} Yea yes yes, you can't fool me mf {image}
Moty gold is different from GBPUSD. Use sl. Just a advice for you. Gold can blow your account in few minutes
  • #837,963
  • Sep 12, 2024 8:18am Sep 12, 2024 8:18am
Quoting TheHusla
{quote} Do you mind me asking why you sell in strong uptrend and without SL? What evidence you have of price going lower?
Uptrend?
  • #837,964
  • Sep 12, 2024 8:18am Sep 12, 2024 8:18am
Bad day at the office, i should of known it would not go down cause Motty was shorting
Follow The Markets Structure - Patience and Discipline
  • #837,965
  • Sep 12, 2024 8:18am Sep 12, 2024 8:18am
Closed Euro 1032 and Cable 3062 and then they both popped up some more......those crooky MFs


But all in all a good day at the office even though it's my desk at home and it's after 11pm here LOL
Don't Leave Money on the Table
  • #837,966
  • Sep 12, 2024 8:20am Sep 12, 2024 8:20am
Quoting Mitiblotch
{quote} Uptrend?
you see downtrend bro? Can you show me please?
  • #837,967
  • Sep 12, 2024 8:24am Sep 12, 2024 8:24am
Could be the corrective day we get one every week Wednesday or Thursdays. No data tomorrow so it could be a technical day
Insane in the Brain..
  • #837,968
  • Sep 12, 2024 8:25am Sep 12, 2024 8:25am
Come on already
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yes yes yes
  • #837,969
  • Sep 12, 2024 8:27am Sep 12, 2024 8:27am
No good at making memes cause I've never practised but replace "You wanna get outa here, you talk to me" with,
"You wanna know when to buy Cable, You talk to me"
I never trained myself to sell the market so find it really difficult but I get a wiff of a scent of a buy and on to it real fast
That was a 400 buck play and I know there's guys making a lot more than that but not bad for 1 hours work

Mad Max and Mad Max 2 are two of the most awesome films ever made by an Aussie director and stand up to anything in the world.
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Don't Leave Money on the Table
  • #837,970
  • Sep 12, 2024 8:40am Sep 12, 2024 8:40am
Quoting TheHusla
{quote} you see downtrend bro? Can you show me please?
Timeframe.
  • #837,971
  • Sep 12, 2024 8:42am Sep 12, 2024 8:42am
Quoting Yngwie
Sold 1.3054 SL 1.3074 TP 1.2950
closed BE
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #837,972
  • Sep 12, 2024 8:45am Sep 12, 2024 8:45am
Quoting TheHusla
{quote} So you believe there is a person or group called "money managers" who work together to control the movement of the market? (I'm just trying to understand)

There are big players who will move the market simply because of the amounts they trade. Not sure if it's correct but I read somewhere(a while back) that Citibank who is(was) the largest forex trader trades 13% of the market.
I could be wrong on this but if it is correct that's huge amount of the market. It was a while ago and the markets grown since then so maybe the % isn't as much now

If you just look at it from this perspective: Nothing is happening in the forex market then for what seems no apparent reason the market starts to move and by a fair bit 30 to 40 pips. Someone had to initiate that move, then others jump onto it as well....
Article on 'Depth of Market' also known as 'Order Book'

https://www.tradingview.com/support/...rs-can-use-it/
Don't Leave Money on the Table
  • #837,973
  • Sep 12, 2024 8:46am Sep 12, 2024 8:46am
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Master your mind. Master Trading.
  • #837,974
  • Sep 12, 2024 8:48am Sep 12, 2024 8:48am
Isn't this move beautiful? Hahaha... Still selling, cautiously, though.
  • #837,975
  • Sep 12, 2024 8:49am Sep 12, 2024 8:49am
Shorting ej,gj and aj long usdcad and eurgbp

Straight away 6k profit - recovered some losses

Unbelievable
Follow The Markets Structure - Patience and Discipline
  • #837,976
  • Sep 12, 2024 8:50am Sep 12, 2024 8:50am
MY PLAN
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  • #837,977
  • Edited 9:12am Sep 12, 2024 9:01am | Edited 9:12am
Quoting Mitiblotch
{quote} Timeframe.
Yes exactly this is it. So I personally don't sell unless H4/D1/W1/MN are showing signs of it.
I've found that going against these timeframes on even H1 is a low probability play as often breaks of structure on H1 are just LQ plays for HTF continuation.

That's why I was asking for the bias for shorts on XAUUSD. I'm genuinely curious as all I saw was longs based off H4/D1/W1/MN.
H4: does look a little sideways but up overall and the last push (not the current candle) changed structure to up for me.
D1: again consolidating but after a big up move. The key for me is the bearish engulf that failed to follow through again signalling longs.
W1: Up but in conolidation.
MN: Up Obv
  • #837,978
  • Sep 12, 2024 9:06am Sep 12, 2024 9:06am
Quoting TheHusla
{quote} Yes exactly this is it. So I personally don't sell unless H4/D1/W1/MN are showing signs of it. I've found that going against these timeframes on even H1 is a low probability play as often breaks of structure on H1 are just LQ plays for HTF continuation. That's why I was asking for the bias for shorts on XAUUSD. I'm genuinely curious as all I saw was longs based off H4/D1/W1/MN. H4: does look a little sideways but up overall and the last push (not the current candle changed structure to up for me. D1: again consolidating but after a big up...
Your right , every time i try to trade from the H1 small swings i lose, get your bias from D1 find the correction on H4 and the bottom or top on H1 and gold is a perfect example D1 up H4 correction H1 bottom and it flew up
Follow The Markets Structure - Patience and Discipline
  • #837,979
  • Sep 12, 2024 9:08am Sep 12, 2024 9:08am
Quoting TheHusla
{quote} Yes exactly this is it. So I personally don't sell unless H4/D1/W1/MN are showing signs of it. I've found that going against these timeframes on even H1 is a low probability play as often breaks of structure on H1 are just LQ plays for HTF continuation. That's why I was asking for the bias for shorts on XAUUSD. I'm genuinely curious as all I saw was longs based off H4/D1/W1/MN. H4: does look a little sideways but up overall and the last push (not the current candle changed structure to up for me. D1: again consolidating but after a big up...
I was referring to GU. I have no trades on XAU.
  • #837,980
  • Sep 12, 2024 9:10am Sep 12, 2024 9:10am
Quoting Mitiblotch
{quote} I was referring to GU. I have no trades on XAU.
Oh right you quoted my post talking about XAU which is why I was confused.

I agree GU is down and I was looking for shorts today but didn't see anything.
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