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Cable Update (GBPUSD)

  • #847,621
  • Dec 8, 2024 8:06am Dec 8, 2024 8:06am
Quoting donfriday
{quote} stock market is bigger then forex market?
Isn't forex a commodity,every country uses some form of currency,no?
  • #847,622
  • Dec 8, 2024 8:25am Dec 8, 2024 8:25am
Quoting fontu
{quote} checking BTC . a top range before failure likely and may in that process presently . daily likley close below 98988/ better say 99000 to test breaks 96322 areas and down towards 93559 close even before final jump and lastly top failure possible watching for top failure , may take some days if too crazy !! anyway top failure will starts with 90823 signal !! last week was a doji top , next week likely most pairs will be most critical if bull can hold or not ! {image} {image}
Thanks, Fontu for your point of view. Certainly, points to take into consideration.
Cheers.
Trade to trade another day
  • #847,623
  • Dec 8, 2024 8:27am Dec 8, 2024 8:27am
Quoting wizzytech100
{quote} Isn't forex a commodity,every country uses some form of currency,no?
The foreign exchange market is a global decentralized or over-the-counter(OTC) market for the trading of currencies. https://en.m.wikipedia.org/wiki/Foreign_exchange_market

It’s the largest financial market in the world, according to the latest reliable data from 2022, when global daily trading was $7.5 trillion. https://www.investopedia.com/terms/f...rex-market.asp

Bis.org for more fx reliable info. Stocks is definitely less. Quick search will give you info.
How to succeed in zero sum game?
  • #847,624
  • Edited 8:42am Dec 8, 2024 8:29am | Edited 8:42am
Quoting donfriday
{quote} stock market is bigger then forex market?
Quoting dempire1
{quote} The foreign exchange market is a global decentralized or over-the-counter(OTC) market for the trading of currencies. https://en.m.wikipedia.org/wiki/Foreign_exchange_market It’s the largest financial market in the world, according to the latest reliable data from 2022, when global daily trading was $7.5 trillion. https://www.investopedia.com/terms/f...rex-market.asp Bis.org for more fx reliable info. Stocks is definitely less. Quick search will give you info.
don't fall for the conventional wisdom bullshit that's spread all over forex chatrooms LOL

$6.6 trillion
The foreign exchange, also known as FX or the forex market, is the largest financial market in the world with a daily volume of $6.6 trillion.

Forex Market: Who Trades Currencies and Why - Investopedia


I'm not gonna waste my sunday defending what I said that the worlds stock markets when they're combined kick forex in the ass LOL

you can't compare the worlds forex daily take against the fragmented stock markets in every country..compare apples to apples

count the Japanese and Australian and Singapore and indian and german and polish and russian and Italian and British and all the NY and nasdaq and phillidelphia and Chicago and whatever else exchanges in USA and any other exchanges in the world like fukheads like doing with world forex trade and the stock market as a whole is if not the same than much bigger

below is a screenshot of just the nasdaq exchange and its 300 billion dollar trading volume for just one day

so anyone can count up all the stock exchanges in the world and disprove my notion ....i already wasted time counting this shit years ago since I don't believe anything I read on the internet LOL
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short trump and go long the deepstate
  • #847,625
  • Dec 8, 2024 8:30am Dec 8, 2024 8:30am
im back from saying my prayers that don drops dead and now I'm going out to enjoy the 60 degree winter weather this Sunday in Chicago
short trump and go long the deepstate
  • #847,626
  • Dec 8, 2024 8:52am Dec 8, 2024 8:52am
Quoting Zebi
{quote} {quote} don't fall for the conventional wisdom bullshit that's spread all over forex chatrooms LOL $6.6 trillion The foreign exchange, also known as FX or the forex market, is the largest financial market in the world with a daily volume of $6.6 trillion. Forex Market: Who Trades Currencies and Why - Investopedia I'm not gonna waste my sunday defending...
Yes but FX is in trillions daily (www.bis.org has broken down of participants) while stock exchanges combined https://en.wikipedia.org/wiki/List_o...tock_exchanges are less. Unless I'm missing something the data doesn't lie.
How to succeed in zero sum game?
  • #847,627
  • Dec 8, 2024 9:48am Dec 8, 2024 9:48am
Looking to short eu for tonight Asian session stop loss will be placed 1.06300
Master your mind. Master Trading.
  • #847,628
  • Dec 8, 2024 9:53am Dec 8, 2024 9:53am
Quoting Wavegarrick
{quote} I do like the fact that I spend more time on BTC on a weekend than I have in the rigors of my weekly business activities. BTC is a new exploit, and I like it. I am learning with it and am excited. Let's see, symmetrical triangle and 100 000 important at this point in time. Cheers. {image}
Bitcoin hovering below 100 000. I do envisage a weekly close above. shall see. i am looking at placing buy limits to counter the whales.
Cheers.
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Trade to trade another day
  • #847,629
  • Dec 8, 2024 10:06am Dec 8, 2024 10:06am
Another SMC guru trader in the bin #wakeup
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How to succeed in zero sum game?
  • #847,630
  • Dec 8, 2024 11:13am Dec 8, 2024 11:13am
Quoting dempire1
Another SMC guru trader in the bin #wakeup https://youtu.be/oirxCULXNn0?si=61-yhR-620oLFyYW
I signed up for his marketing funnel out of pure curiosity and they were super aggressive and the strategy seemed overly complicated.
  • #847,631
  • Dec 8, 2024 11:15am Dec 8, 2024 11:15am
Guys I'm seeing a vision of 3045 for GU and 0930 for EU. Is that hallucination?
  • #847,632
  • Dec 8, 2024 12:25pm Dec 8, 2024 12:25pm
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  • #847,633
  • Dec 8, 2024 12:26pm Dec 8, 2024 12:26pm
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  • #847,634
  • Dec 8, 2024 12:56pm Dec 8, 2024 12:56pm
Last Thursday, GBPUSD price action on the daily time frame printed a relatively big bullish candlestick to retest the 61.8 fib retracement area of the bearish swing traceable to May 2021, an area that aligns with the 1.27380 horizontal resistance. However, on Friday, bears resisted the bullish drive, resulting in the printing of a bearish pinbar in the area. Nevertheless, the preceding technical impulse is bullish, and we may not see an immediate bearish follow-through. Thus, although the dominant technical structure is bearish, we may still see northward market engineering to retest an intra-day area of value in the early part of this week.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #847,635
  • Edited 2:54pm Dec 8, 2024 1:06pm | Edited 2:54pm
Thinking about this week - fancy a long on USDCHF.
SNB looking to cut 50pb (Thursday), US CPI estimates data decent (Wednesday), plus fairly strong NFP data, plus Trump not going to sack Powell
Some vol into yearly VWAP in the futures market 6S (inversion of USDCHF) on Friday (this was NFP).
If there is selling into the re-test of the 6S high- might be joining in.
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Look ahead, Macro=Direction, Levels & Structure = Entry
  • #847,636
  • Dec 8, 2024 1:11pm Dec 8, 2024 1:11pm
Quoting Waveskierrob
{image}
Wave. What is up?
  • #847,637
  • Dec 8, 2024 1:34pm Dec 8, 2024 1:34pm
Quoting genadi
{quote} Wave. What is up?
Hopefully the EU again...
  • #847,638
  • Dec 8, 2024 2:13pm Dec 8, 2024 2:13pm
Quoting ThaoAnh
{quote} {image} {image}
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  • #847,639
  • Dec 8, 2024 2:40pm Dec 8, 2024 2:40pm
Hope it doesn't hit stoploss
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  • #847,640
  • Dec 8, 2024 3:00pm Dec 8, 2024 3:00pm
Quoting Fardeen1209
{quote} Twitter but source is from bloomberg. I used twitter to post as per BT agreement we couldnot share shite i subscribe and paid for Speaking of option, any good book you can suggest to read, i want to add interest rate option/swaps futures to my instrument i trade, so i can better understand how what actually move money across securities.

ill get back to you on the books cause I threw all of mine away over a decade ago but these pretty good websites a friend said in a irc chat

https://optionshawk.com/ ...i think it was hawk that used to have a chatroom like 20 years ago...if it wasn't it than google options chats...it was pretty good back in the day when I traded ES exclusively

https://www.optionvisualizer.com/home

and my personal favorite ....

https://maximum-pain.com/

options marketmakers really do screw retail traders its no bullshit conspiracy theory LOL
short trump and go long the deepstate
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