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cable short for gbpusd? 10 replies

Cable Update - Continued 105 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Cable Update (GBP/USD) without Idiots 23 replies

Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Quoting dempire1
{quote} No I didn’t stop because of that i do like to come in occasionally but if this place is going to take up too much of my time then something is wrong haha. EDIT: When I joined FF I thought that it’s place where there are actual traders. I was wrong haha. As a newbie I would RUN from these forums.
Strangely enough I am in a similar situation as you. In 2008 I belonged to FX street run by Francesc Riverola a highly respected guy who regularly communicated with us on a personal basis. A go to guy. My thoughts however went to Forex Factory which seemed a giant leap in my trading progress if I had to join, because from my observations this was where trading stars were born. Unfortunately, the FX Street private forum ceased to exist somewhere in 2012. I however did not join Forex Factory because of my inexperience and incompetence to join with well versed traders. I joined Steve Hopwood's forum and gained immense experience from him. I eventually had enough confidence and took a leap of faith in 2017 and joined Forex Factory. My immediate experience was a lack of interest by the forum owner and its well-versed star traders.
The end.
Trade to trade another day
Quoting bigiivan
{quote} Exactly as me. Leon, I didn't know you are interesting of bitcoin. Nice!
Hi Bigive.
Yes, I am very interested in Bitcoin as it is a quick way of making some dough and what I do like is that I can trade it on weekends.
Cheers Bud.
Trade to trade another day
Quoting dempire1
{quote} No I didn’t stop because of that i do like to come in occasionally but if this place is going to take up too much of my time then something is wrong haha. EDIT: When I joined FF I thought that it’s place where there are actual traders. I was wrong haha. As a newbie I would RUN from these forums.

no need for newbies to run they just have to be more discerning who they "learn" TA from

I always envisioned trading as a shark tank that newbies have to swim thru without bein eaten. it wasn't till I came to FF till I met so many scammer,charlatans, posers and fakers. i never knew photoshop was such a powerful tool as its used in here..or the guys that post a screenshot of their entry an hour after price has moved their way or just a screenshot of their profits...anyone that falls for that deserves to be fleeced

or even the video gurus who post their trades by using the playback feature most platforms have so the guru already knows where prices will be when he filmes his video after the fact which the playback feature makes look like its realtime

that's why I keep saying read at least the weeks chat from around the market turns off the daily or weekly charts and you'll see which TA works and which TA is crap over and over again LOL

FF was a better place with more honest "teachers" 10 years ago before the hordes of young kids opening up challenges with a 100 dollars the last 3-4 years and prancing around showing they made 10k in a week ROFLMAO... and then switching into guru status when they get enough followers

back when it took lots of money to open brokerages accounts meant we had a better class of people LOL

guys like gatorinla or sisse or even davit as crazy as he was for years are the guys to learn from not some snot nose kid of 21 whose still prolly a virgin since sex before marriage is illegal in so many places LOL
also stay away from red dots who started 10-20-40 threads cause that was the way to gather subscribers back in the day so the only thing all those people looked for was getting "senior" status as soon as possible for their own narcissistic reasons that had nothing to do with teaching beginners or even trading ....but the new kids now days have gamed the system even more...a guy named saal got his red dot in just 60 posts....i guess he's up to 145 now LOL..i commented about that then LOL...all you have to do is subscribe to 2000 people and some of those will return the favor and become buddies and presto you're a big shot LOL
Quoting Zebi
{quote} GDS...there's no need to read all my posts ...when I encounter someone new or intrequing that has a red diamond on this site the first thing I do is look at their profile... years ago the fastest way to gain subscribers and popularity was start a bunch of worthless threads...maybe you've noticed guys that started 10-15-20 or even more threads cause then people subscribe to them so they know when a new post was made..those guys are what I call the facebook crowd...they just look for popularity..now days people subscribe to 2000...
so don't listen to red dots cause most just full of shit including me LOL

I wont teach anyone ill just tell you to read past chats when the market was turning and see whose TA worked and whos didn't

going back to saal...i don't know why he gamed the system but he's not the only one but I'm sure its for nefarious reasons cause normal people don't do shit like that normally
TDS is a beautiful thing Halbot
Quoting boodvah
{quote} well I’m looking at the dollar index, the ten year treasury notes (tnx) and the vix you have to look up. There’s the indicators I’m watching you are welcome
Sure. But what does it mean when you watch dollar index? What are you watching there? How do you measure current dollar price and why? Why money is moving to ten year treasuries? I’d ask these questions for example and try to answer them by measurable things like: interest rates, jobs, inflation and relationship between them. Future outlook FED policy. Try to understand from where is money moving and to where. Who is benefiting from transactions. Then you know how to position yourself better.

VIX -
https://www.investopedia.com/terms/v/vix.asp
if that then I personally wouldn’t look at it since currencies is more about interest rates.

hope it helps
How to succeed in zero sum game?
Quoting Zebi
{quote} no need for newbies to run they just have to be more discerning who they "learn" TA from I always envisioned trading as a shark tank that newbies have to swim thru without bein eaten. it wasn't till I came to FF till I met so many scammer,charlatans, posers and fakers. i never knew photoshop was such a powerful tool as its used in here..or the guys that post a screenshot of their entry an hour after price has moved their way or just a screenshot of their profits...anyone that falls for that deserves to be fleeced or even the video...
wow I actually read your post sorry not trying to be disrespectful but I have to agree with you. That’s pretty much what is going on here on FF.
How to succeed in zero sum game?
Gold is going crazy because it’s a safe haven you can make money with
be a thinker before being a reacter
Quoting dempire1
{quote} Sure. But what does it mean when you watch dollar index? What are you watching there? How do you measure current dollar price and why? Why money is moving to ten year treasuries? I’d ask these questions for example and try to answer them by measurable things like: interest rates, jobs, inflation and relationship between them. Future outlook FED policy. Try to understand from where is money moving and to where. Who is benefiting from transactions. Then you know how to position yourself better. VIX - https://www.investopedia.com/terms/v/vix.asp...
hi. Yea I’m mostly gonna trade the DJIA and the S&P 500 so that’s why I look at them. Well I just look at the charts the indexes and the dollar vix and tnx to kinda get an idea on where the money is flowing. I do ask all of the above about this so I can try to be on the right side of the market so trading becomes easier. I know all about the vix. But thanks for that I’ll take note of it.

edit. Also watching the dollar for me tells me that if the index is crashing and the dollar is going up with a high vix and high tnx, it’s saying the market is not liking the uncertainty of things and people are putting money in safer places. To me if I see the I feel like there would be buy side liquidity for the dollar in the fx market and I could capitalize on the panicking by trading fx.


using the vix for the indices if high tells me people are possibly moving money to safe havens and if the dollar goes up I have an idea why. So yes very applicable to the fx majors with the right approach
be a thinker before being a reacter
Quoting boodvah
{quote} hi. Yea I’m mostly gonna trade the DJIA and the S&P 500 so that’s why I look at them. Well I just look at the charts the indexes and the dollar vix and tnx to kinda get an idea on where the money is flowing. I do ask all of the above about this so I can try to be on the right side of the market so trading becomes easier. I know all about the vix. But thanks for that I’ll take note of it. edit. Also watching the dollar for me tells me that if the index is crashing and the dollar is going up with a high vix and high tnx, it’s saying...
What is there to watch? there is no point just to look at charts.

Facts, you need MEASURABLE facts. I’ll give you a brief example which I used on SILVER this year. And explain with FACTS. And all of this is public information, no smokes and mirrors like most of the folks here think is needed for successful trading
1. Why should I buy SILVER?
I researched origins and financials of silver and found official source with all the info: https://www.silverinstitute.org/silver-supply-demand/
as you can see from here there is a shortage in supply. Why? Read it from here: https://www.silverinstitute.org/silver-demand-3/
See these are measurable facts. This is supply and demand. Now we know that China solar park and electric cars businesses over the world need lots of silver and we can assume that the price of silver will be in uptrend. You can confidently use any buy side strategy to earn money. Build buy side EAs, use ICT garbage, RSI, macd and whatever else. You’ll be on the right side of the market until there will be better solutions to use instead of silver. This uptrend I see until 2030 maybe more. Nothing is 100% and It’s still a “gamble” but now I have REAL WORLD money on my side with REAL DEMAND.

this is what I meant by my previous post to you. Ask questions and answer them with REAL FACTS.

I hope this helps!
How to succeed in zero sum game?
I have been looking at this latest move on GBPUSD to make sure it really is a short continuation and i am starting to doubt it for the following reasons

First i am assuming that the prior move up on H4 is a correction within the D1 down swing.

Reasons to doubt this is a continuation.

1. The H4 correction has broken to the upside the last lower high, lower low swing
2. The assumed H4 correction should have an internal structure of A (B abc ) C on H1 yet it looks more like swing 1 one up then A (B abc upside expansion wave) and currently C down which suggests C will retest 2943 which is the last low of the previous H4 correction
3. H4 price has crossed into D1 territory
4. D1 last higher low swing was broken to the downside with no retest back to 3267
5. UK budget is due wednesday and could be the catalyst for the return swing up if markets view the budget as positive
6. Technical divergence on the last H4 lower low swing

The only way to be sure this is a short continuation is to wait and see if H1 starts to trend on down on C via minor swings

From previous experience and my previous posts of determining the change in swing all the above criteria seem to match

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Follow The Markets Structure - Patience and Discipline
  • Post #843,350
  • Quote
  • Edited Oct 28, 2024 7:08am Oct 27, 2024 2:44pm | Edited Oct 28, 2024 7:08am
Hello friends and Buddies,

From my own technical perspective, it is obvious that the Bears are still in control because 4 hour trend is downward and higher time frame chart has not given any signal to signify reversal to the upside.

However, price need to retest the current high located around 1.2987/1.2990.

If the resistant point can hold, then we shall enter a strong bearish continuation mode.

Risk Management is key.

Have a nice pipping week.

Intention to go Short GU from 1.2987/92. Based on the fact that daily and 4 hour trend are down and no strong news to penetrate the current high.

Risk Management will be applied accordingly.

Good luck
Market Structure is the King.....
Quoting Wavegarrick
{quote} Hi Bigive. Yes, I am very interested in Bitcoin as it is a quick way of making some dough and what I do like is that I can trade it on weekends. Cheers Bud.
You will overtrade, Leon. The weekends are for rest.
GBPUSD price action on the daily time frame went sideways after a bearish breakdown of the 1.30810 horizontal support area several days ago. Presently, price action is tackling the 1.29600 intra-day horizontal support. The dominant technical structure is bearish.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
my system got a daily dollar buy signal friday...so ill be shorting GU bounces like I have been
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TDS is a beautiful thing Halbot
Quoting pipfarm
I have been looking at this latest move on GBPUSD to make sure it really is a short continuation and i am starting to doubt it for the following reasons First i am assuming that the prior move up on H4 is a correction within the D1 down swing. Reasons to doubt this is a continuation. 1. The H4 correction has broken to the upside the last lower high, lower low swing 2. The assumed H4 correction should have an internal structure of A (B abc ) C on H1 yet it looks more like swing 1 one up then A (B abc upside expansion wave) and currently C down which...
I dunno man I'm seeing a bearish continuation not only on this pairs but eurusd nzdusd audusd
Break
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this level and let’s go lower. I’m seeing strong dollar
be a thinker before being a reacter
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Break this level and let’s go lower. I’m seeing strong dollar
be a thinker before being a reacter
Quoting fontu
checking pa . bull remain intact very well . next day H 4 may avoid close below 2960 , low can be 2947 though and may try breaks at the neck 2996 . outburst for 3010/14 for 3070 plus , say 3086 to 3102 pullback next week possible . take care so checking other chart. yes a little correction for great bear remain very active as well for below 2298 play. Similarly eurusd also test ok ng strong support tl , likely breaks for 0660 for better one though , still may easily bounce above 0872 need check usdx too ! Yes similar eurusd 2 leg up possible , and...
So below 2947 may 44+- bounce possible! Waiting , take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
Quoting Godspromise
{quote} I dunno man I'm seeing a bearish continuation not only on this pairs but eurusd nzdusd audusd
Yes, and without much reversing.

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Pics are after the facts, but inevitable, I can't go back in time.

Catch you later.
Quoting Konichiwhaat
{quote} It's Friday, why not... I'll see your bullish bet, and raise you a bearish move from here to 50, then maybe all the way to 00 before the weekend... fun times! Best of luck ,
First TP at 50.
Next 20.
Then hopefully close the big trade at 2900
Emotional Control. Process, not outcome.
Quoting elude
{quote} Yes, and without much reversing. {image} Pics are after the facts, but inevitable, I can't go back in time. Catch you later.
beautiful trades bro congrats
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