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Cable Update (GBPUSD)

  • #844,701
  • Nov 7, 2024 6:07am Nov 7, 2024 6:07am
Quoting Pat Chiko
GU Guessing only Based on strucutre {image}
GU

Some beginners luck with scalping........
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #844,702
  • Nov 7, 2024 6:09am Nov 7, 2024 6:09am
End of correction, buy GU EU too
People don't plan to lose. They lose because they don't plan.
  • #844,703
  • Nov 7, 2024 6:09am Nov 7, 2024 6:09am
Quoting BeeTogether
Hmmm not even a proper spike down
One thing i learn with trading Interest rate day is if you saw in almost every financial news outlet talking about a central bank rate figure 2 weeks before the rate release, on the rate release if the actual figure is same as that on the financial media outlet, just trade the opposite of what economics taught us; that is, cut rate currency falls (equal buy if saw on ft,wsj, barrons.. 2 weeks ago)

Reverse psychology (buy the rumour sell the fact). this scalping method works majority of the time.
More time in the market, does not mean you trade better!
  • #844,704
  • Nov 7, 2024 6:14am Nov 7, 2024 6:14am
Quoting Moty
I'm out for the intress rate announcement Tricky area And i usually lossing in big data event It's better to stay out {image} {image}
Yessss
I was right
I could loss all my profit
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yes yes yes
  • #844,705
  • Nov 7, 2024 6:16am Nov 7, 2024 6:16am
Quoting Moty
{quote} Yessss I was right I could loss all my profit {image}
so you are wrong in good way
People don't plan to lose. They lose because they don't plan.
  • #844,706
  • Nov 7, 2024 6:19am Nov 7, 2024 6:19am
Quoting Fardeen1209
{quote} One thing i learn with trading Interest rate day is if you saw in almost every financial news outlet talking about a central bank rate figure 2 weeks before the rate release, on the rate release if the actual figure is same as that on the financial media outlet, just trade the opposite of what economics taught us; that is, cut rate currency falls (equal buy if saw on ft,wsj, barrons.. 2 weeks ago) Reverse psychology (buy the rumour sell the fact). this scalping method works majority of the time.
Yep. And it was the exact opposite when rates were going up. They would hike the rates and the currency would still go down. And now they cut it and its going up. Its almost always inversely correlated when its already priced in.

Sharp eyes you got there bud
You have to have an IQ higher than 90 to interact with this user.
  • #844,707
  • Nov 7, 2024 6:22am Nov 7, 2024 6:22am
Quoting Nordling
{quote} Yep. And it was the exact opposite when rates were going up. They would hike the rates and the currency would still go down. And now they cut it and its going up. Its almost always inversely correlated when its already priced in. Sharp eyes you got there bud
Hell naaahh, got my arse burn couple times, then trying to figure out how this shit worked.
More time in the market, does not mean you trade better!
  • #844,708
  • Nov 7, 2024 6:23am Nov 7, 2024 6:23am
Quoting Nordling
{quote} Yep. And it was the exact opposite when rates were going up. They would hike the rates and the currency would still go down. And now they cut it and its going up. Its almost always inversely correlated when its already priced in. Sharp eyes you got there bud
Please can we se it on eur/usd too ?
  • #844,709
  • Nov 7, 2024 6:32am Nov 7, 2024 6:32am
Quoting qwear
{quote} Please can we se it on eur/usd too ?
anything you want about EURO is here,
https://www.econostream-media.com
the understanding is up to you (you may start with reading currency trading for dummies- covered large aspect about currency trading- the mix of technical and fundamental )
More time in the market, does not mean you trade better!
  • #844,710
  • Nov 7, 2024 6:36am Nov 7, 2024 6:36am
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yes yes yes
  • #844,711
  • Nov 7, 2024 6:37am Nov 7, 2024 6:37am
Quoting qwear
{quote} Please can we se it on eur/usd too ?
Right now Euro is also benefitting from the BOE but of course the effect is stronger on GBP pairs.

If you are asking about if you can trade ECB rates on Eur/usd the same way, you absolutely can!

You can apply the same "buy the rumour sell the fact" logic on pretty much all major currencies.
You have to have an IQ higher than 90 to interact with this user.
  • #844,712
  • Nov 7, 2024 6:38am Nov 7, 2024 6:38am
Quoting Nordling
{quote} Yep. And it was the exact opposite when rates were going up. They would hike the rates and the currency would still go down. And now they cut it and its going up. Its almost always inversely correlated when its already priced in. Sharp eyes you got there bud
the BoE have lost control of interest rates, thats why you got the opposite move
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #844,713
  • Nov 7, 2024 6:40am Nov 7, 2024 6:40am
Quoting Bones
{quote} the BoE have lost control of interest rates, thats why you got the opposite move
This "buy the rumour sell the fact" thing happens with every major currency and central bank tho not just BoE
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  • #844,714
  • Nov 7, 2024 6:49am Nov 7, 2024 6:49am
Still negative on 4H chart
2 sell zones for me..
Let's see
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!! Radha Radha !!
  • #844,715
  • Nov 7, 2024 6:49am Nov 7, 2024 6:49am
Quoting Nordling
{quote} This "buy the rumour sell the fact" thing happens with every major currency and central bank tho not just BoE
only if you don't understand whats happening, the US did a double drop on the base the other month
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  • #844,716
  • Nov 7, 2024 6:52am Nov 7, 2024 6:52am
Quoting Bones
{quote} only if you don't understand whats happening, the US did a double drop on the base the other month {image}
Bc FED's "super cut" wasn't priced in. Read my post carefully, i said this applies if its only "priced in". You can see that red number was lower than the priced in consensus

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  • #844,717
  • Nov 7, 2024 6:53am Nov 7, 2024 6:53am
Quoting Nordling
{quote} Bc FED's "super cut" wasn't priced in. Read my post carefully, i said this applies if its only "priced in". You can see that red number was lower than the priced in consensus
read my lips you DON"T know whats happening
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #844,718
  • Nov 7, 2024 6:55am Nov 7, 2024 6:55am
Quoting Nordling
{quote} Bc FED's "super cut" wasn't priced in. Read my post carefully, i said this applies if its only "priced in". You can see that red number was lower than the priced in consensus {image}
yes they lowered and interest rates went UP
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  • #844,719
  • Nov 7, 2024 6:56am Nov 7, 2024 6:56am
Fundamental is for the big boys
MY OPINION NOT FINANCIAL ADVISE
  • #844,720
  • Nov 7, 2024 6:59am Nov 7, 2024 6:59am
Quoting Bones
{quote} read my lips you DON"T know whats happening
Yea thats why i can put up a TE and live trade while u can't
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