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Cable Update (GBPUSD)

  • #844,281
  • Nov 4, 2024 9:14pm Nov 4, 2024 9:14pm
Quoting boodvah
{quote} do your indicators repaint?
yes, in my system the tick signal for direction (trend) confirmation is repainting but that would not matter - my entries would be in the pullback (correction)
  • #844,282
  • Edited 11:15pm Nov 4, 2024 9:44pm | Edited 11:15pm
Checking probable pa , take care
Usdx , most probable correct down after news election as daily tf at a double top resistance , before result it should up above 104.27 as per standard pa , so others may to down full day .
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #844,283
  • Nov 4, 2024 11:55pm Nov 4, 2024 11:55pm
Quoting pipfarm
{quote} The point i was making is that order book or not most of the movement is caused by market orders therefore order book trading is a totally different style and the wait to reach order book limits is long because these large institutions are not in and out of the markets every 5 minutes. People need to understand that they are looking at market orders or past orders on their charts , they are meaning less , all we are doing is anticipating the next move.
Yes but in forex you can’t see so called banks orders. And currencies aren’t really “trendy”. GU is in 7.8% range gor 68% of the time in a year. 32% of time in 14% and 2% chance in more. But this is just normal distribution not thinking or predicting where “market” orders might be. There can’t be any predictive methods because of no order book availability.
How to succeed in zero sum game?
  • #844,284
  • Nov 5, 2024 12:01am Nov 5, 2024 12:01am
The dollar/yen exchange rate rose from the bottom of 151.52 yesterday and reached 152.53 in Tokyo. It has been rising recently, but it hit the bottom of the DN gap on Monday and was unable to break above this point, so it was shorted.
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  • #844,285
  • Nov 5, 2024 12:10am Nov 5, 2024 12:10am
The GBP/USD pair is bearish because it has not filled the gap from Monday, but it is moving slowly and has no trend, so it is not suitable for a breakout.
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  • #844,286
  • Nov 5, 2024 1:18am Nov 5, 2024 1:18am
Morning all.. election day in the US and some Red data coming in too. Could see a few spikes here and there.. as we haven’t seen 129-12875 yet or even had the opening gap closed i might look to close at b/e 12950.
Insane in the Brain..
  • #844,287
  • Nov 5, 2024 1:19am Nov 5, 2024 1:19am
Quoting HaLBot
The oracle of the Khao Kheow Open Zoo in Chonburi, Thailand 'Moo Deng' the baby pigmy Hippo has made her decision and decided President Trump will be the 47th President of the US. This will make Trump a 3 time president Will her psychic prediction be on par with Paul the psychic octopus who predicted the winning teams in the 2010 World Cup with incredible accuracy, truly a psychic phenomenon {image} {image}
Baby Hippo wants MAGA
More time in the market, does not mean you trade better!
  • #844,288
  • Nov 5, 2024 1:27am Nov 5, 2024 1:27am
Sold 1.2978
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #844,289
  • Nov 5, 2024 1:33am Nov 5, 2024 1:33am
Quoting Fardeen1209
{quote} Baby Hippo wants MAGA
Not just a baby Pigmy Hippo....she's an Oracle
Don't Leave Money on the Table
  • #844,290
  • Nov 5, 2024 1:37am Nov 5, 2024 1:37am
Quoting Pat Chiko
{quote} A regular flat and an extended flat +formation. Watch the fib when it happen. {image} or{image}
Saw another setup on my end.
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Coupled with the EW invalidation,
Previous Internal structure Low attacked- Open the scenario for more down.
More time in the market, does not mean you trade better!
  • #844,291
  • Nov 5, 2024 1:48am Nov 5, 2024 1:48am
until i get my salary i am practicing a new strategy
London open candle breakout
when reach the 61.8 ext , move half position to be
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yes yes yes
  • #844,292
  • Nov 5, 2024 1:55am Nov 5, 2024 1:55am
I will take profits and close my short position on USD/JPY
I am short on GBP/USD
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  • #844,293
  • Nov 5, 2024 1:59am Nov 5, 2024 1:59am
Quoting Moty
until i get my salary i am practicing a new strategy London open candle breakout when reach the 61.8 ext , move half position to be {image}

Moty Moty Moty try using the force instead of jumping from one strategy to the next.....I know u won't listen
Don't Leave Money on the Table
  • #844,294
  • Nov 5, 2024 2:06am Nov 5, 2024 2:06am
get best place to short , so start test first . Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #844,295
  • Nov 5, 2024 2:35am Nov 5, 2024 2:35am
Quoting fontu
get best place to short , so start test first . Take care {image} {image}
Trump election will push the price
  • #844,296
  • Nov 5, 2024 2:38am Nov 5, 2024 2:38am
Quoting Yngwie
Sold 1.2978
Hit BE
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #844,297
  • Nov 5, 2024 2:54am Nov 5, 2024 2:54am
Quoting pipfarm
{quote} The point i was making is that order book or not most of the movement is caused by market orders therefore order book trading is a totally different style and the wait to reach order book limits is long because these large institutions are not in and out of the markets every 5 minutes. People need to understand that they are looking at market orders or past orders on their charts , they are meaning less , all we are doing is anticipating the next move.
Hi Pipfarm

The Order Book was created so Banks and large institutions could create ASK / BID imbalances within the books from which they can manipulate Market Orders .
If you want a Bullish Trend, you add Asks to the books and the Market orders will then move.

Check out a DOM on say US500 Futures and you will see the power comes from adding or removing liquidity, NOT BY PLACING MARKET ORDERS.

What we see is Market order action but its not the cause.
If you look at EURUSD Futures DOM, you will see removing liquidity at a split second before execution results in 50% of this pairs movement.
So the order book is bs.

Market orders do what they are told, but of course the odd sweep by big players may change the landscape.
Trading thin liquidity at the boundary of the charts
  • #844,298
  • Edited 4:07am Nov 5, 2024 2:59am | Edited 4:07am
Quoting genadi
{quote} Trump election will push the price
whatever the result the scammers will push and pull till settle . lets see .
the earliest set up at top not worked , but ok to stay on . shorts at or above for full day apparently ! take care

for gbpusd next confirmation should be 2970 , earliest signal 2975 for next breakout possible 2962 breaks and hold need to run smooth down next !

Range 3984 to limit 2962 intact for play , watching. For 3965 play while may try stay high!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #844,299
  • Nov 5, 2024 3:40am Nov 5, 2024 3:40am
Sold again 1.2980
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #844,300
  • Nov 5, 2024 4:07am Nov 5, 2024 4:07am
Quoting Yngwie
Sold again 1.2980
Closed. Wait NY
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
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