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Cable Update (GBPUSD)

  • #842,741
  • Oct 21, 2024 10:44am Oct 21, 2024 10:44am
Quoting Godspromise
{quote} you believe it will still pump or just a pullback?
no pump at all. Potentially a move up to 13020-40 (tops) before grabbing the liquidity and pushing below 12950
Insane in the Brain..
  • #842,742
  • Oct 21, 2024 10:45am Oct 21, 2024 10:45am
Quoting Godspromise
{quote} Them is one of the worst cults bro following someone who is proven a complete failure of a trader stolen concepts some people Re comfortable in their delusion
Yep, second are the analysts, working for the market makers to set retail in the wrong direction, several guru analysts were today proclaiming that the eurusd market was going to reverse into long when if you know how to trade today was a clear short, so guys girls stay away from analysts, most work for brokers or market makers.
Follow The Markets Structure - Patience and Discipline
  • #842,743
  • Oct 21, 2024 10:46am Oct 21, 2024 10:46am
Quoting pipfarm
{quote} What is to test , the market only tests the first break of structure into a continuation , the rest is immediate support and resistance created by the new trend price either tests into the range of the previous swing high/low or gaps away, price gapped away from 3040 hence if you read some of my posts you will see i have mention in the past that after a correction if price gaps away from the range then this is a strong signal to continue down in this case
What I’ve noticed with cable especially is that there is usually a breather where it goes the opposite direction to get some liquidity and then continue
Insane in the Brain..
  • #842,744
  • Oct 21, 2024 10:46am Oct 21, 2024 10:46am
Quoting pipfarm
{quote} Exactly, these ICT and SMC you tubers , course sellers are parasites feeding of hard working peoples hopes and dreams. Here is one for the ict and smc boys and girls {image}

yeah there's a lot of scammers but it seems to me its hard work..harder than trading even ... i don't know youtubes payout schedule but ICT mainly gets 50k to 75k views with an occasional 175k target hit so he don't make shit since its the millions of view people that pick up the dollars
https://www.youtube.com/@InnerCircleTrader/videos

so I wouldn't worry about people stealing your ideas since they cant monetize em for much on youtube and have to sell courses and mentorships and that don't last for long

forex trading has always been the domain of pisspoor kids from poor countries which don't have that much money a scammer can steal LOL

I would never waste my time trying to scam 20somethings that don't even have a savings account...id be like bernie madoff and go after the rich and they don't hang out on FF or youtube LOL
short trump and go long the deepstate
  • #842,745
  • Oct 21, 2024 10:47am Oct 21, 2024 10:47am
Quoting Moty
There is a strategy that after a break of y's high or low ,target is 0.618 extension Look how price dropped from there {image}
Pull up mf
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yes yes yes
  • #842,746
  • Oct 21, 2024 10:49am Oct 21, 2024 10:49am
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E. and BP. 5' --- Back to desk............. All SLs hit.... Trend is DOWN....... Reversed to short as shown..

A bad day for me fttb...

  • #842,747
  • Oct 21, 2024 10:51am Oct 21, 2024 10:51am
Quoting BeeTogether
{quote} What I’ve noticed with cable especially is that there is usually a breather where it goes the opposite direction to get some liquidity and then continue
There is no such thing as liquidity in the traditional sense in the forex markets, it is us against the market makers who are the liquidity providers, they take the risk not another trader , market makers fill your orders and balance the books, if there are short orders higher they might or might not return to pick them up

Yes i know i use the term sometimes but try and explain the truth to people who have been brainwashed by all the hype is a difficult task.
Follow The Markets Structure - Patience and Discipline
  • #842,748
  • Oct 21, 2024 10:58am Oct 21, 2024 10:58am
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yes yes yes
  • #842,749
  • Oct 21, 2024 11:00am Oct 21, 2024 11:00am
Dollar strength !
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Master your mind. Master Trading.
  • #842,750
  • Oct 21, 2024 11:04am Oct 21, 2024 11:04am
Quoting Zebi
well gentlemen..price shud see 2980 again...that was a nice bulltrap Friday on brits retail sales not much news till Thursday unless you count BOE bailey speaking tomorrow and Wednesday just remember the BRICS summit and the dollar gona piss on them no matter what the news is LOL

target hit and might bounce now but lower prices still in days ahead


halbot hates it when I bring up kamala but what started as a dollar rally for her eventual win weeks ago after the debate has turned into this weeks dollar rally which gona be about kicking the brics countries in the balls at their summit
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short trump and go long the deepstate
  • #842,751
  • Oct 21, 2024 11:07am Oct 21, 2024 11:07am
Quoting 7154Superman
{quote} I ended up entering scalp positions on 9 different currency pairs, then went to sleep. Woke up with 5 wins and 1 loss, 3 still open. So far, so good. Opened 3 more. Back to sleep. See my Trade Explorer for details.
So, I got up, added 3 more trades, then went to work. Since then, I got 4 more stop losses with that USD spike, to a total of 5 losses and 5 wins. Despite equal wins and losses, I lost almost 1% of my account balance due to some of the losing trades having higher leverage than the winning trades, therefore I lost more than I won. So, I upgraded my risk reward ratio to 1 : 1.43 to try to balance things out better.
Since I adjusted it, I got one more position stopped out.
So now, total outcome is 5 wins, 6 losses.
This definitely isn't easy, but worth working on improving my edge.
Godspromise, Thanks for the encouragement!
Have a great rest of your day!
You cannot fail if you never give up.
  • #842,752
  • Oct 21, 2024 11:08am Oct 21, 2024 11:08am
Quoting pipfarm
{quote} Yep, second are the analysts, working for the market makers to set retail in the wrong direction, several guru analysts were today proclaiming that the eurusd market was going to reverse into long when if you know how to trade today was a clear short, so guys girls stay away from analysts, most work for brokers or market makers.
i learnt that the hard way early on them so called market analysts and those indicators man I have come a long way in a short time
  • #842,753
  • Oct 21, 2024 11:10am Oct 21, 2024 11:10am
Quoting pipfarm
{quote} There is no such thing as liquidity in the traditional sense in the forex markets, it is us against the market makers who are the liquidity providers, they take the risk not another trader , market makers fill your orders and balance the books, if there are short orders higher they might or might not return to pick them up Yes i know i use the term sometimes but try and explain the truth to people who have been brainwashed by all the hype is a difficult task.
You are right, liquidity might be understood differently. While it's true that market makers provide a form of liquidity, it's not entirely accurate to say liquidity doesn't exist in a traditional sense. Forex is highly liquid due to the volume of daily trading, the number of participants, and the continuous operation across different time zones. Market makers do indeed provide liquidity by being ready to buy and sell. This doesn't mean liquidity in forex is fundamentally different; it's just provided in a different structural setup. Yes, the structure through which liquidity is provided in forex differs from other markets, but it exists. Liquidity might be more about the efficiency and the mechanisms through which trades are facilitated rather than the absence of other traders as counterparts. This does change some dynamics but doesn't eliminate the concept of liquidity itself.
Just another trader in drawdown... Volume Profiles & PA
  • #842,754
  • Oct 21, 2024 11:20am Oct 21, 2024 11:20am
Quoting evansabove57
{quote} You are right, liquidity might be understood differently. While it's true that market makers provide a form of liquidity, it's not entirely accurate to say liquidity doesn't exist in a traditional sense. Forex is highly liquid due to the volume of daily trading, the number of participants, and the continuous operation across different time zones. Market makers do indeed provide liquidity by being ready to buy and sell. This doesn't mean liquidity in forex is fundamentally different; it's just provided in a different structural setup. Yes,...
In the traditional sense i meant as in stocks/shares because there is only a finite amount so one is selling or buying to another entity therefore the more entities selling to a willing buyers the lower the price of a stock will go.

Liquid and liquidity are two different terms, liquid is the overall context ie you can buy or sell any amount you wish and the liquidity provider will take your order. Traders use the term liquidity in the forex markets wrongly as the forex markets are liquid as long as the mms wish them to be, therefore when price returns to a level it is not looking for liquidity but merely filling orders as the mms provide all liquidity to the forex market.
Follow The Markets Structure - Patience and Discipline
  • #842,755
  • Oct 21, 2024 11:24am Oct 21, 2024 11:24am
You people understand that forex trades on OTC market? There is NO WAY to know, to track, predict LIQUIDITY!
How to succeed in zero sum game?
  • #842,756
  • Oct 21, 2024 11:32am Oct 21, 2024 11:32am
Bulls trap?
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yes yes yes
  • #842,757
  • Oct 21, 2024 11:33am Oct 21, 2024 11:33am
Quoting pipfarm
{quote} In the traditional sense i meant as in stocks/shares because there is only a finite amount so one is selling or buying to another entity therefore the more entities selling to a willing buyers the lower the price of a stock will go. Liquid and liquidity are two different terms, liquid is the overall context ie you can buy or sell any amount you wish and the liquidity provider will take your order. Traders use the term liquidity in the forex markets wrongly as the forex markets are liquid as long as the mms wish them to be, therefore when...
True!
Just another trader in drawdown... Volume Profiles & PA
  • #842,758
  • Oct 21, 2024 11:36am Oct 21, 2024 11:36am
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Together we can be strongest
Vantage Return This Month: na
  • #842,759
  • Oct 21, 2024 12:13pm Oct 21, 2024 12:13pm
Markets pricing in that trump victory !
Master your mind. Master Trading.
  • #842,760
  • Oct 21, 2024 12:21pm Oct 21, 2024 12:21pm
Quoting evansabove57
{quote} You are right, liquidity might be understood differently. While it's true that market makers provide a form of liquidity, it's not entirely accurate to say liquidity doesn't exist in a traditional sense. Forex is highly liquid due to the volume of daily trading, the number of participants, and the continuous operation across different time zones. Market makers do indeed provide liquidity by being ready to buy and sell. This doesn't mean liquidity in forex is fundamentally different; it's just provided in a different structural setup. Yes,...
In a simple terms, Pipfarm is trying to affirm that Market Structure exists before the activities of Market Movers who provides liquidity in the market.

If a trader can fit into the structure, market movers comes in to provide liquidity. Unfortunately, no return back to pick others outside the primary trading boundary.

Truly, the main risk is taken by liquidity providers/market movers because it's always a free ride.....

Hence my own terminology Market Structure is the King.
Market Structure is the King.....
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