Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#841,121
Oct 8, 2024 4:47am Oct 8, 2024 4:47am

okhomina
| Joined Aug 2023 | Status: Trader | 24 Posts

My view on gbpusd

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#841,122
Oct 8, 2024 4:49am Oct 8, 2024 4:49am

Mitiblotch
Joined Sep 2017 | Status: Trader | 11,251 Posts

Quoting imjoshbrown

Disliked

{quote} ... People don't wait. - The issue is people don't wait for the dealing desk to "show his hand" so to speak, before taking a position and wind up giving their money to the dealing desk because of their own impatience and lack of understanding of the conflicts of interest that exist between dealers an retailers.

Ignored

For someone who waits for the dealing desks for confirmation, you have been impatient with longs, anticipating a rise without basis for it. Only scalp trades have given any confirmation for longs. For those who trade ranges they might have a logic for their longs. For me, I'll wait.

#841,123
Oct 8, 2024 4:54am Oct 8, 2024 4:54am

vinta.reddy
Joined Jul 2021 | Status: Trader | 141 Posts

Quoting imjoshbrown

Disliked

{quote} 13 hours ago I talked about going long - Directional bias is still long, and now that the price action structure is better developed, I can show to you exactly why a lot of traders lose. - Overtrading, not waiting for the setup. - When dealing with M and W patterns, it's always recommended to wait for a distinctive trend ceiling (in M patterns) or floor (in W patterns) to develop. In other words, WAIT for that Low or high of the day to be put in. - In this instance, I was using last week's low put in by news to become my reference point...

Ignored

interesting.

Any idea why you don't feel big players are filling buy orders around 1.31000-1.31200. I feel they don't have much liquidity to go long yet. Client sentiment shows equal shorts and longs.

#841,124
Oct 8, 2024 4:56am Oct 8, 2024 4:56am

BeeTogether
Joined Oct 2020 | Status: Trader | 14,017 Posts

Quoting vinta.reddy

Disliked

{quote} There are no Fed rate decision this week. Just FED meeting Minutes. US CPI data is on Thursday. Expected to be little soft. GBP GDP data. These should move the market outside range of 1.31150- 1.30550.

Ignored

it’s just the minutes.. the August minutes indicated a rate cut which helped the GU pair go up. The minutes tomorrow could indicate a slow down in rate cuts which should strengthen the USD

Insane in the Brain..

#841,125
Oct 8, 2024 5:00am Oct 8, 2024 5:00am

HaLBot
Joined Jan 2016 | Status: Trader | 5,200 Posts

It's a 'Risk off' day in the markets due to China concerns although you wouldn't know it with the pump we had on Euro and Cable, could come into play later with a big dump during NY session but I don't want Zebi to be right

https://www.forexlive.com/news/sour-...ning-20241008/

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Don't Leave Money on the Table

#841,126
Oct 8, 2024 5:03am Oct 8, 2024 5:03am

imjoshbrown
Joined Feb 2018 | Status: Trader | 266 Posts

Quoting Mitiblotch

Disliked

{quote} For someone who waits for the dealing desks for confirmation, you have been impatient with longs, anticipating a rise without basis for it. Only scalp trades have given any confirmation for longs. For those who trade ranges they might have a logic for their longs. For me, I'll wait.

Ignored

I'm not perfect

and go ahead? I don't know why you quoted me... was it just to start an argument and criticize me? LOL

Discouragement is the language of the devil. Results over hype.

#841,127
Oct 8, 2024 5:05am Oct 8, 2024 5:05am

Mitiblotch
Joined Sep 2017 | Status: Trader | 11,251 Posts

Quoting imjoshbrown

Disliked

{quote} I'm not perfect and go ahead? I don't know why you quoted me... was it just to start an argument and criticize me? LOL

Ignored

No, I am not criticising you. I only got interested when you wrote "people don't wait", effectively removing yourself from that criticism. I watched all your buy trade calls as price kept sinking and hitting the stops. I was just saying that you should look in the mirror. Nothing else. I also make wrong trades and calls.

#841,128
Oct 8, 2024 5:13am Oct 8, 2024 5:13am

Moty
Joined Dec 2017 | Status: Trader | 30,688 Posts

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yes yes yes

#841,129
Oct 8, 2024 5:24am Oct 8, 2024 5:24am

imjoshbrown
Joined Feb 2018 | Status: Trader | 266 Posts

Quoting vinta.reddy

Disliked

{quote} interesting. Any idea why you don't feel big players are filling buy orders around 1.31000-1.31200. I feel they don't have much liquidity to go long yet. Client sentiment shows equal shorts and longs.

Ignored

Hey there! The current HOD is 1.31033, how can the dealer fill buy orders in the 1.31200 area, if the exchange rate hasn't crossed into that zone again?

Discouragement is the language of the devil. Results over hype.

#841,130
Oct 8, 2024 5:51am Oct 8, 2024 5:51am

imjoshbrown
Joined Feb 2018 | Status: Trader | 266 Posts

Quoting Mitiblotch

Disliked

{quote} No, I am not criticising you. I only got interested when you wrote "people don't wait", effectively removing yourself from that criticism. I watched all your buy trade calls as price kept sinking and hitting the stops. I was just saying that you should look in the mirror. Nothing else. I also make wrong trades and calls.

Ignored

That’s cool. If we’re done trading tips for life lessons, maybe next time be a grown-up and drop me a DM?

Discouragement is the language of the devil. Results over hype.