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Cable Update (GBPUSD)

  • #854,081
  • Feb 14, 2025 9:06am Feb 14, 2025 9:06am
Quoting Waveskierrob
{quote} "if".... so why didn't you then...
For the same reason I did what i actually did. I don't know what's going to happen next, neither does anyone else regardless of what they say. You only know what it has done, not what it's going to do or even likely to do. If price can do what it wants and it's movement is a random walk, which it is, and the probability of the next candle being bullish or bearish is about 50/50, which it is, the probability of a retracement at any given point is just as likely as a continuation.
  • #854,082
  • Feb 14, 2025 9:09am Feb 14, 2025 9:09am
Quoting MrFanciful
{quote} For the same reason I did what i actually did. I don't know what's going to happen next, neither does anyone else regardless of what they say. You only know what it has done, not what it's going to do or even likely to do. If price can do what it wants and it's movement is a random walk, which it is, and the probability of the next candle being bullish or bearish is about 50/50, which it is, the probability of a retracement at any given point is just as likely as a continuation.
Great, so how you going to trade believing that...
  • #854,083
  • Feb 14, 2025 9:10am Feb 14, 2025 9:10am
Quoting Zebi
{quote} even war criminals arent as dumb as trumpy to start ww3 by having all arabs unite against them Israel says it will stick to agreed hostage demands after Trump causes confusion The Israeli government has signalled it intends to stick to the hostage release schedule agreed in the ceasefire deal with Hamas, but warned that if the anticipated three surviving hostages were not released on Saturday, it would go back to war in Gaza. The statement from the prime minister’s office ends nearly three...
Israel has been pounding Hamas with Biden's help. World War didn't start. If Trump helped Israel world war still wouldn't start. Those Arab states are wise enough. They have united against Israel before and within 6 days it was over. They are smarter now and don't want that smoke.
  • #854,084
  • Feb 14, 2025 9:11am Feb 14, 2025 9:11am
Quoting Mitiblotch
{quote} Israel has been pounding Hamas with Biden's help. World War didn't start. If Trump helped Israel world war still wouldn't start. Those Arab states are wise enough. They have united against Israel before and within 6 days it was over. They are smarter now and don't want that smoke.
Yes, from what I was reading about it, Israel managed to beat them many times. But they got military technology, big $ aid, and most of the people serve army 2 to 3 years.
  • #854,085
  • Feb 14, 2025 9:14am Feb 14, 2025 9:14am
Quoting ToddB
any books you would recommend to help with trading?
https://www.amazon.com/Technical-Ana.../dp/1607962233
https://www.amazon.com/Japanese-Cand.../dp/0735201811

highly recommend these below

https://www.amazon.com/How-Trade-Sto...88957488&psc=1

https://dl.najafi8.ir/dl/Library/boo...%20Reading.pdf

wyckoff wrote several books so be sure u read the ones he authored not ones written by dipshits about him

everything you'll find in pdf form for free on the internet....livermore and wyckoff wont have shiny happy color pictures and charts since they were written over 85 years ago LOL
short trump and go long the deepstate
  • #854,086
  • Feb 14, 2025 9:15am Feb 14, 2025 9:15am
Quoting Zebi
{quote} youve been killing it in every pair you trade nice to see a new member trading so well in real time has your dad finally relented and given you money for a new account? if not tell him to come here and we'll convince him you're very good
Thank so much Bro.
I feel like I'm making a lot more progress than before. I only sleep 5 hours a day, the rest of the time is searching, studying, practicing. I rummage through topics at this FF to search and learn.
  • #854,087
  • Feb 14, 2025 9:16am Feb 14, 2025 9:16am
Quoting Datatrades1
{quote} If I may correct you, US economy numbers are falling or cooling off. That is bearish for the dollar. This is why gbp and eur are benefitting from it. Maybe I am wrong.
The Macro Economy focuses on inflation which then translates into the type of monetary policy from Apex Bank. Federal Reserve held rates since economy is still seen as stable and strong, while BOE and ECB cut rates as their economies are slowing down... I hope this mini explanation is good enough.
Data + Stat + Risk/Emotions Management
  • #854,088
  • Feb 14, 2025 9:19am Feb 14, 2025 9:19am
Quoting Georginson
{quote} The Macro Economy focuses on inflation which then translates into the type of monetary policy from Apex Bank. Federal Reserve held rates since economy is still seen as stable and strong, while BOE and ECB cut rates as their economies are slowing down... I hope this mini explanation is good enough.
Yes, but USA economic indicators are cooling off too. Tariffs on the table, it is clearly bearish for USD, as we can see. DXY went from 110 to 106.6 now, that is not a pullback, that is a bigger drop due to economic weakness.
  • #854,089
  • Feb 14, 2025 9:24am Feb 14, 2025 9:24am
Quoting ThaoAnh
{quote} Thank so much Bro. I feel like I'm making a lot more progress than before. I only sleep 5 hours a day, the rest of the time is searching, studying, practicing. I rummage through topics at this FF to search and learn.
stay to reading threads started 6 or more years ago...anything started since 2020 when the hordes of prop kids came to forexfactory and starting threads to tell people how they should trade ICT or some other dumb shit are crap for the most part

check out threads by gatorinla, atatokuglu, davit, atheer1 and fxcyborg..cyborg kept getting attacked by dipshits and had a psychotic meltdown LOL...but 3 of his threads outstanding
short trump and go long the deepstate
  • #854,090
  • Feb 14, 2025 9:26am Feb 14, 2025 9:26am
Quoting Wavegarrick
{quote} Easy and steady. We are a stone throw away from 1.25423. I will look for a breakout and retest of 1.25423 for an ultimate test of my yearly pivot at 1.27495. Trade safe. Cheers. {image}
Well, I have to say that I did hope for a retrace off 1.26067 and reentry at 1.25423 but price has sliced through this level. however, all bets are not off just yet. It just means that we may close the week in this area and retrace to 1.25423 which currently is my future weekly pivot and surely a good place to look for more buy trades.
I'd be happy if price shoots to the moon to close the week. It will be great, right?.........right? 
Have a great weekend.
Cheers.
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Trade to trade another day
  • #854,091
  • Feb 14, 2025 9:28am Feb 14, 2025 9:28am
Inserted Video
short trump and go long the deepstate
  • #854,092
  • Feb 14, 2025 9:29am Feb 14, 2025 9:29am
Quoting ToddB
any books you would recommend to help with trading?
Something with <statistics> and <financial markets> in the title. And a path of trials and errors.

No TA or psychology of trading
- first are full of cherry picked charts to amuse you
- second is just bs

Cheers.
Air force
  • #854,093
  • Feb 14, 2025 9:35am Feb 14, 2025 9:35am
Seems a not so explosive day for GJ a ranger tighter than my wallet.. I’m sure the muzzle wi be removed soon though
Insane in the Brain..
  • #854,094
  • Feb 14, 2025 9:40am Feb 14, 2025 9:40am
Quoting Zebi
{quote} stay to reading threads started 6 or more years ago...anything started since 2020 when the hordes of prop kids came to forexfactory and starting threads to tell people how they should trade ICT or some other dumb shit are crap for the most part check out threads by gatorinla, atatokuglu, davit, atheer1 and fxcyborg..cyborg kept getting attacked by dipshits and had a psychotic meltdown LOL...but 3 of his threads outstanding
ICT = "I can't trade"
  • #854,095
  • Feb 14, 2025 9:41am Feb 14, 2025 9:41am
Quoting Datatrades1
{quote} Yes, but USA economic indicators are cooling off too. Tariffs on the table, it is clearly bearish for USD, as we can see. DXY went from 110 to 106.6 now, that is not a pullback, that is a bigger drop due to economic weakness.
tariffs are actually bullish for the usd however, there is a delay in them which is why the usd is selling off....
  • #854,096
  • Feb 14, 2025 9:43am Feb 14, 2025 9:43am
Quoting MrFanciful
{quote} Ok so buy at the high and sell at the low
We're talking about the weekly,
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #854,097
  • Edited 10:02am Feb 14, 2025 9:47am | Edited 10:02am
Quoting MrFanciful
{quote} I know. Maybe just spamming buy with the 9ema is above the 22ema on the 1 minute timeframe is the proper way to trade.
MrFanciful, that's your solution for trend trading. Use moving averages. However, I would consider the 1M chart the trigger chart.
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Always trade your own plan...I don't provide trading signals.
  • #854,098
  • Feb 14, 2025 9:47am Feb 14, 2025 9:47am
Quoting Zebi
iff today closes above that neckline and resistance of the invH+S I been talking about for over a week than its 2900 for sure since that's the measured target from there we'll prolly see 3400 if there more dumb shit that comes out of washingto d.c. {image}
last week I posted that first chart...well now looks like price will make or try to at least another BIGGER invH+S ...regardless what it does at the green line, whether just keeps trucking past it or retrace to make a right shoulder in march targets are 2900 and 3300

it would take trumpy to say something intelligent for once for GBP to fall to last months lows and I don't believe he will LOL

go brittania go
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short trump and go long the deepstate
  • #854,099
  • Feb 14, 2025 9:50am Feb 14, 2025 9:50am
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yes yes yes
  • #854,100
  • Feb 14, 2025 9:56am Feb 14, 2025 9:56am
Quoting ninner
{quote} tariffs are actually bullish for the usd however, there is a delay in them which is why the usd is selling off....
Tariffs are bad for everyone, especially for USA, because if they put 25% tariffs, dollar will fall faster. Canada exports lots of things to USA, including a good quality metal, aluminum and steel. If Trump says 25%, Canada says 25% back, he does not import metal, Canada says no problem we will export metal overseas, good luck to USA importing metal or making their own, because that would cost billions of $. Same goes for Mexico, Europe, China and any other country. USA is a strongest economy, but that could change if you start threatening everyone, especially your allies. Trump needs to start concentrating on fixing economy and quickly, either way dollar will fall for a year. Instead every since he is in the office he is threatening with tariffs. People get it he is threatening, everyone knows, make a move or stop with this threats, because they do not work, no one is taking it seriously and there are other countries that are very powerful economically. He promised many things, but all he does now is tariffs, that is all we see and read on the news. Old, stubborn man needs to get his things together and start doing what he promised. Start drilling oil, go make deals with your allies not enemies, before they turn their back on him.
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