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Cable Update (GBPUSD)

  • #840,641
  • Oct 3, 2024 12:52pm Oct 3, 2024 12:52pm
Quoting pipfarm
{quote} We have had this nonsense imho with ADR the past week with others convinced price would reverse because the ADR was met and it blew through them to continue down
indicators are created as another tool to take money from the retail traders indicator adjusts data so when you are backtesting it makes the indicator seems like it work but it's just adjusted to past data you can see it in real time an indicator can only be useful for fundamental understanding and gives you an idea where price is headed based on past information amd shouldn't in my humble opinion be used in live trading
  • #840,642
  • Oct 3, 2024 1:26pm Oct 3, 2024 1:26pm
Good night folks! Let’s see how APAC do overnight
Insane in the Brain..
  • #840,643
  • Oct 3, 2024 1:40pm Oct 3, 2024 1:40pm
Quoting Godspromise
{quote} indicators are created as another tool to take money from the retail traders indicator adjusts data so when you are backtesting it makes the indicator seems like it work but it's just adjusted to past data you can see it in real time an indicator can only be useful for fundamental understanding and gives you an idea where price is headed based on past information amd shouldn't in my humble opinion be used in live trading
So where price goes from your
fundamental understanding? Nobody knows.
  • #840,644
  • Edited 2:20pm Oct 3, 2024 2:03pm | Edited 2:20pm
So time will tell bull relaxing or tanking so fast like today !! If like to tank may go much below than thought , presently the most important level breaks need 2888! After that good sr 2600 , and good support can be 2400 within bull still ! Again as we assume usdx bounce for last time as a last leg up as above 103 before great tank likely ! Again as all will cut rates aggressively as well , US recession may to follow by global early 2025 possible. So even though usdx tank down , euro gbp may to tank down ultimately , not one down and others up !! Let's see
Today was totally dry day for me ! 2 scalping open and closed only ,!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #840,645
  • Oct 3, 2024 3:59pm Oct 3, 2024 3:59pm
Is it Elon Musk or Bill Gates or ….?
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  • #840,646
  • Oct 3, 2024 4:24pm Oct 3, 2024 4:24pm
Quoting Eren10
Is it Elon Musk or Bill Gates or ….? {image}
nope it’s Bob the barrowman from my local boozer
Insane in the Brain..
  • #840,647
  • Oct 3, 2024 4:53pm Oct 3, 2024 4:53pm
Quoting viktoriaxz
{quote} So where price goes from your fundamental understanding? Nobody knows.
fundamental price swings with the stronger currency which can be a safe haven for person to holds and benefit from the rate exchange it's is affected by economy cpi interest rate unemployment rate geopolitics world market these are use to infer the swing in either a buy or sell fundamental are mostly used by big players for long term trades
  • #840,648
  • Oct 3, 2024 5:12pm Oct 3, 2024 5:12pm
Quoting Waveskierrob
{quote} Lovely bit of sarcasm...
No, it was a good call
Compulsions can be hard to resist
  • #840,649
  • Oct 3, 2024 6:43pm Oct 3, 2024 6:43pm
Quoting Moty
{image}
got the same thing in mind!
  • #840,650
  • Oct 3, 2024 7:11pm Oct 3, 2024 7:11pm
Quoting trumps
{quote} No, it was a good call
Hahaha stop it, you're too good ...
  • #840,651
  • Oct 3, 2024 7:40pm Oct 3, 2024 7:40pm
Quoting Waveskierrob
{quote} Hahaha stop it, you're too good ...
Thanks bro, you’re my strongest advocate
Compulsions can be hard to resist
  • #840,652
  • Oct 3, 2024 8:22pm Oct 3, 2024 8:22pm
Quoting Eren10
Is it Elon Musk or Bill Gates or ….? {image}
Nonsense
Emotional Control. Process, not outcome.
  • #840,653
  • Oct 3, 2024 8:36pm Oct 3, 2024 8:36pm
The drop for gu is a little too much this week without any good pullback.

I would prefer to see a pullback first before deciding the next course of action.
  • #840,654
  • Oct 3, 2024 8:58pm Oct 3, 2024 8:58pm
Quoting firsttimer
The drop for gu is a little too much this week without any good pullback. I would prefer to see a pullback first before deciding the next course of action.
it’s no surprise since Bank of England said out of nowhere they would aggressively cut so this gbp drop is in line with market reaction I say .
Master your mind. Master Trading.
  • #840,655
  • Oct 3, 2024 9:31pm Oct 3, 2024 9:31pm
Gold
Master your mind. Master Trading.
  • #840,656
  • Oct 3, 2024 11:33pm Oct 3, 2024 11:33pm
It should be tough for day traders as limit up now 3234 and hence for short needs over 100 pips overall sl ! So scalping to start , price over 3138, scalping long with tight sl for correct till limit and short after if breaks previous low for below 3000 target and short at any good correction up also ! Let's see take care
If breaks up and no more liquidity then may end in only cc correction towards 3180/90 and no bear , otherwise , bear target should get today !
Nonfarm and unemployment high impact news day today so correct as high as possible before the news likely !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #840,657
  • Oct 4, 2024 12:24am Oct 4, 2024 12:24am
Quoting Konichiwhaat
{quote} Nonsense

Bill Gates could have given the plan to build it.

I suspect more the Google developera to have done this, Larry Page , Brin .

I have just read that item, I don’t know how serious they are.
  • #840,658
  • Oct 4, 2024 12:34am Oct 4, 2024 12:34am
Quoting Eren10
{quote} Bill Gates could have given the plan to build it. I suspect more the Google developera to have done this, Larry Page , Brin . I have just read that item, I don’t know how serious they are.
It's a big thing for this journalist to state. It will either make or break his career. I don't believe it, but would definitely like to see the documentary
Emotional Control. Process, not outcome.
  • #840,659
  • Oct 4, 2024 12:56am Oct 4, 2024 12:56am
Quoting trumps
{quote} Thanks bro, you’re my strongest advocate
I am now that Leon is M.I.A
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  • #840,660
  • Oct 4, 2024 1:24am Oct 4, 2024 1:24am
Morning all. So not a dramatic APAC session slightly bullish so far. Potentially a slight correction on the way towards 132 before NFP? If NFP is green we cold definitely see 131 giving up any support. Daily pivot around 13160 today so a move there be a good place for an entry for long or short.
Insane in the Brain..
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