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Cable Update (GBPUSD)

  • #852,601
  • Feb 3, 2025 7:45am Feb 3, 2025 7:45am
Look at that big hourly candle. Retail are trapped in buying positions now, this will fall hard.
FED is a 24/7 machine that never runs out of the money
  • #852,602
  • Feb 3, 2025 7:46am Feb 3, 2025 7:46am
Gap at gj is also close
200 pips
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yes yes yes
  • #852,603
  • Feb 3, 2025 7:48am Feb 3, 2025 7:48am
Quoting Pat Chiko
{quote} EU Have been scalping for eigh hours Very tired day today.{image}
EU

This is my newbie set up .
Anything more complicated than this I dont know, especially when manipulation came around.

As newbie, it is hard to trade manipulation.
I find it easier to trade Price Action and trade what I see.

I wish one day I can see manipulation of the chart, if anyone can show me.
Thank You

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BTW, all this set up are for scalping only.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #852,604
  • Feb 3, 2025 7:50am Feb 3, 2025 7:50am
Quoting OnlineAddict
{quote} Nobody cares about gaps, but retail and even there its just the smallest retail guys.
Gap is simply OTC.
If someone switch to a line chart, that sh*t dont even exist. It simply plain market structure and support and resistance.
More time in the market, does not mean you trade better!
  • #852,605
  • Feb 3, 2025 8:04am Feb 3, 2025 8:04am
Quoting Mitiblotch
{quote} The idiot at reuters should be sacked! They probably did it on purpose to get out of their sinking buy trades.
Miti, the guy from Reuters had a premonition on Friday...
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Always trade your own plan...I don't provide trading signals.
  • #852,606
  • Feb 3, 2025 8:06am Feb 3, 2025 8:06am
there different kinds of gaps

theres the ones cause because the market closes and then reopens like happens everyday in the futures since they close for an hour after 5pm eastern time and what happened Sunday open

they get filled pretty fast usually within a couple days

than there's the gaps that happen during trading hours that take much longer to get filled if ever
short trump and go long the deepstate
  • #852,607
  • Feb 3, 2025 8:21am Feb 3, 2025 8:21am
So all this tariff news meant …… nothing
  • #852,608
  • Feb 3, 2025 8:21am Feb 3, 2025 8:21am
in olden days before pre and post market stock trading, gaps meant more cause market trading stopped for the day...now people can keep trading stocks for hours afterwards and moving price so gaps don't mean as much and are more frequent so by the open of official trading the next day there's a gap made since price gets moved by pimply teens trading meme stocks on robinhood

do some homework gentlemen and please stop talking out of your asses ..lets not be like the stable genius
short trump and go long the deepstate
  • #852,609
  • Feb 3, 2025 8:28am Feb 3, 2025 8:28am
Quoting Mitiblotch
Short 2408. {image}
careful mate. this thing can fly to 1.257xx - 1.258xx area if 1.24 holds.
  • #852,610
  • Feb 3, 2025 8:30am Feb 3, 2025 8:30am
They are in talk apparently. Trump wants to free Canada and Mexico
3 pm Trump- Treadeau have a meeting.
  • #852,611
  • Feb 3, 2025 8:32am Feb 3, 2025 8:32am
Quoting Coreg2004
{quote} Miti, the guy from Reuters had a premonition on Friday... {image}
Hahaha... I withdraw his sack. However, I think Trump achieved his aim because the Mexican president said they called Trump and had some agreements which led to the pause in tariffs.
  • #852,612
  • Feb 3, 2025 8:33am Feb 3, 2025 8:33am
Quoting hans91
{quote} careful mate. this thing can fly to 1.257xx - 1.258xx area if 1.24 holds.
Thanks for your advice. I'm paying attention.
  • #852,613
  • Feb 3, 2025 8:36am Feb 3, 2025 8:36am
Quoting Wavegarrick
{quote} GU buy limit at my weekly pivot at 1.23796 and further down at 1.23510. Cheers. {image}
Sometimes a bit of luck in forex helps. Both my buy limits were filled at exactly the same price at 1.23168 which benefits me in this case due to the market gap. I can live with this. On the downside, I had trail stops from older trades that were taken out for a total of 25 pips but who could have foreseen the big gap down. We are back in the channel and a breakout is needed. Onwards and forwards.
Trade safe.
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Trade to trade another day
  • #852,614
  • Feb 3, 2025 8:37am Feb 3, 2025 8:37am
Quoting Fardeen1209
One of the most common denominator and probably most watched chart is USD. But Is there any reliable source out there, that actually showed the true picture of {image}? DXY - is a basket, not actual USD. So strength of one depends on Weakness of its counterpart currencies. USD dollar index- another basket, not the underlying USD. Some said VIX is the USD, as they are heavily manipulated, which often the most bearish news for equities get absorbed quickly, just because VIX failed to present the risk involved US yield- My preferred Dollar Chart especially...
This post today was to fight bullshit like this
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When i was in my first year of trading, not only one, but majority of cunts out there, that give forecast and big fundamenties, says bullshit like this. Do you how much i lose just because i was reading their shitty articles?

As someone without the accurate knowledge, these cunts will do anything in their power to trap you on the wrong side.

But the question remained why sometimes both DXY and EUR rises together?
More time in the market, does not mean you trade better!
  • #852,615
  • Feb 3, 2025 8:42am Feb 3, 2025 8:42am
A good system make trading boring..
MY OPINION NOT FINANCIAL ADVISE
  • #852,616
  • Feb 3, 2025 8:43am Feb 3, 2025 8:43am
The revarsal can come here
Dx is closed or near to close the gap on the neck of inverted h&s pattern
It can go up from here , and smash everybody else
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yes yes yes
  • #852,617
  • Feb 3, 2025 8:46am Feb 3, 2025 8:46am
i feel foolish pointing this out in a room full of smart and talented people who've no doubt researched and educated themselves a bit about tariffs LOL

seems like the countries with the highest tariffs are all dirt poor ...i hope that isn't donalds intention to make America like them

I wonder why Africa has such high tariffs...maybe someone from that continent can explain

https://worldpopulationreview.com/co...ffs-by-country

https://www.worldfinance.com/strateg...-trade-tariffs

ill continue researching and educating myself and trading against the dumbass like wall street journal called him LOL


short trump and go long deepstate
short trump and go long the deepstate
  • #852,618
  • Feb 3, 2025 8:46am Feb 3, 2025 8:46am
Quoting Fardeen1209
{quote} The intrinsic usd valuation is something else. The correlation between xxx/usd is what interest me as a market participants , where many traders/investors, said when DXY rise, for example, then XXX/usd must fall. But it doesnot, right?
In a 'vacuum', the USD would fall if all of the other pairs were not also constantly moving. Rule 3, relationships between all CFD items have to be preserved at all times. It isn't just forex pairs! You have crypto, precious metals, oil, natural gas and so on all in 'balance'.

With CFD trading, you are a price taker not a price maker.
  • #852,619
  • Feb 3, 2025 8:49am Feb 3, 2025 8:49am
As I’m trading GJ still, looks like we may not break the day’s opening area today as we are still 50 pips off. If that area is broken then maybe 193-19350 might be an area of interest tomorrow. That is again if data or Trump doesn’t derail it
Insane in the Brain..
  • #852,620
  • Feb 3, 2025 8:53am Feb 3, 2025 8:53am
Quoting Macrofx1
{quote} USD does not have intrinsic value. Commodity currencies do like: Canadian dollar, Norwegian krone, Australian dollar, and New Zealand dollar are often known as "commodity currencies" due to their sensitivity to a change in commodity prices. Commodity exports typically make up a large part of these countries economies.
Fiat money is a government-issued currency that is not backed by a commodity such as gold. Fiat money gives central banks greater control over the economy because they can control how much money is printed. Most modern paper currencies, such as the U.S. dollar, are fiat currencies.

All currencies tend to be fiat money these days.
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