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Cable Update (GBPUSD)

  • #854,341
  • Feb 17, 2025 8:51pm Feb 17, 2025 8:51pm
Quoting Yngwie
sold 1.2609
Quoting Yngwie
{quote} add sell 1.2620
closed 29p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #854,342
  • Feb 17, 2025 10:14pm Feb 17, 2025 10:14pm
No longs.
Shorts yes, but mind that it will be against the trend.
The loss was not bad luck. It was bad Analysis - D.Einhorn
  • #854,343
  • Edited 11:34pm Feb 17, 2025 10:40pm | Edited 11:34pm
Aud just cut rates, and Jpy is expected to hike. Selling AUDJPY, supply/demand zone confirms it, and RSI momentum is bearish.

USDCHF, supply/demand confirms sell.

GBPUSD weekly trendline broken to the upside, any small pullback is good to buy on daily.
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  • #854,344
  • Feb 17, 2025 11:24pm Feb 17, 2025 11:24pm
Quoting sharingan9
{quote} {quote} {quote} There are many ways to find agreement. Price action, wave trading etc. But for me I use pure auction theory as described in the nobel prize award webpages where they mention a particular progression: Interpretations form market sentiment which forms perception of value. I use pivot targets to serve as the interpretations across multiple timeframes which form the market sentiment which then forms a shared perception of value. Perfect example is the trades I took below on GU late US session: {image} {image} {image}
Update: Price continues in the value direction which is down. Now approaching daily S1. If break deep below that we can see a nice drop from there. Auction theory is Nobel Prize Winning work....

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  • #854,345
  • Feb 17, 2025 11:59pm Feb 17, 2025 11:59pm
Quoting ScalaFX
2632 giga short
partials, rest 0 risk
People don't plan to lose. They lose because they don't plan.
  • #854,346
  • Feb 18, 2025 12:24am Feb 18, 2025 12:24am
Quoting Luxyus
{quote} {file} the best book u can read imho. And believe me i ve read a lot of them
Many gone, new come, so let me share again the link for the best book to read by whoever want to tame forex markets.

https://www.forexfactory.com/attachm...4?d=1694852676

________________________________________________________
Buffet once gave us a very important advice: read,read,read.

this is my interpretation on why he said 3 times "read" :

1st read: it refers to all the possible knowledge&aknowledgement, you have to understand what are you doing before to do it, right?

2nd read: put the lowest amount of your money on an asset of your interest and stay in the market as long as possible to decode and assimilate all the dynamics. in other words, learn to read the marktes

3th read:keep yourself always or as much as you can updated on what is happening, following the developments of monetary policies first, then all the rest.
chaos is just unknown order
  • #854,347
  • Feb 18, 2025 12:58am Feb 18, 2025 12:58am
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  • #854,348
  • Feb 18, 2025 1:12am Feb 18, 2025 1:12am
Generally good set of numbers from the UK except higher claimants. Might push again towards 12650 zone whilst Gaj towards 192.
Insane in the Brain..
  • #854,349
  • Feb 18, 2025 1:16am Feb 18, 2025 1:16am
Sold 1.2620
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #854,350
  • Feb 18, 2025 1:22am Feb 18, 2025 1:22am
Quoting sharingan9
{quote} Yes I agree that the market doesn't move in a straight line. Control is also very subjective based on the fact that buyers can be in control on one timeframe at a particular target while sellers are in control on a larger or smaller timeframe at a particular target level. In fact I wouldn't really use the term control since buyers and sellers can share a perception of value. Buyer and seller are just temporary titles. They are traders that can be buyers then become sellers so logically buyers and sellers can have the same perception. Example:...
You nailed it. A point where both the buyers and sellers reach a consensus on direction is the main retracement/reversal point.

My TP on long does not satisfy the requirement above. Going Short in anticipation of zigzag movement when buyers and sellers are not satisfied might not be a nice idea. That should be liquidity sweep zone...

Looking to buy again today. Just fractional scalping.

Buyers are not yet satisfied. Probably at the end of today, there may be consensus to pullback...
Market Structure is the King.....
  • #854,351
  • Feb 18, 2025 1:41am Feb 18, 2025 1:41am
buyer from the botom , now lets see....
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  • #854,352
  • Feb 18, 2025 2:00am Feb 18, 2025 2:00am
So another bullish day?
  • #854,353
  • Feb 18, 2025 2:24am Feb 18, 2025 2:24am
I'm guessing that the overnight retracement on the DXY is all that was required for people to start dumping again. Which is annoying because our Labour government should be flushing sterling down the toilet.
  • #854,354
  • Feb 18, 2025 2:39am Feb 18, 2025 2:39am
Quoting MrFanciful
So another bullish day?
Yes I am thinking this way and the target should 1.2700 to 1.2730
  • #854,355
  • Feb 18, 2025 2:44am Feb 18, 2025 2:44am
Quoting Faheem.
{quote} Yes I am thinking this way and the target should 1.2700 to 1.2730
There is something from the fat sweaty balding man in 45 minutes so maybe that will cause down move.
  • #854,356
  • Feb 18, 2025 2:48am Feb 18, 2025 2:48am
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yes yes yes
  • #854,357
  • Feb 18, 2025 2:59am Feb 18, 2025 2:59am
im selling to 1.2527-30
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My loss was the salary for the broker's employees
  • #854,358
  • Feb 18, 2025 3:06am Feb 18, 2025 3:06am
Quoting Moty
{image}
19250 as sell area?
Insane in the Brain..
  • #854,359
  • Feb 18, 2025 3:07am Feb 18, 2025 3:07am
Quoting MrFanciful
{quote} There is something from the fat sweaty balding man in 45 minutes so maybe that will cause down move.
yes dear it can be , so why we have tp's and sl,s as well. These forums are for where u post your Ideas and other people can agree with your ideas or disagree with pointed there idea . That's ok u can learn something from them . its not some kind of insult . Be positive and be Happy Bro...
  • #854,360
  • Feb 18, 2025 3:21am Feb 18, 2025 3:21am
Quoting Faheem.
{quote} yes dear it can be , so why we have tp's and sl,s as well. These forums are for where u post your Ideas and other people can agree with your ideas or disagree with pointed there idea . That's ok u can learn something from them . its not some kind of insult . Be positive and be Happy Bro...
You are right about how the forum should operate
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