Cable Update (GBPUSD)

Quoting Zeiferz

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{quote} I am sitting on the bench waiting to be sub into the game. currently just watching London till half time. I definitely wish to hear story from newbie Pat. That’s where I can learn.

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Quoting Pat Chiko

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{quote} PRELUDE At its core, the market moves for two reasons. Price only does two things: it hunts for liquidity, or it seeks fair value. In practice, this means price will either rush toward dense pools of orders to sweep them up, or it will move to fill the empty gaps and imbalances left behind. Everything else is just the detail of how these two things happen That is just for warm up............... anyone want me to continue ? Im newbie wanting to share what i;ve learned from Tik Tok.

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Quoting Pat Chiko

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{quote} Ah, the eternal question of the GU’s mood swings. The short, slightly unhelpful answer is: it ranges until it doesn’t, and trends until it gets tired of it. The more practical answer is that GU, like most major pairs, spends the vast majority of its time in a state of ambiguous, choppy, range-bound confusion. Think of it as the market’s default setting: lots of noise, fakeouts, and whipsaws within a broad zone. Clean, one-directional, "trendy" days where it just marches in a straight line from London open to New York close are surprisingly...

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Quoting msqk

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{quote} ....if surely safe, 3398 is a dream, but who knows ??? {image}

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Quoting Pat Chiko

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{quote} PRELUDE At its core, the market moves for two reasons. Price only does two things: it hunts for liquidity, or it seeks fair value. In practice, this means price will either rush toward dense pools of orders to sweep them up, or it will move to fill the empty gaps and imbalances left behind. Everything else is just the detail of how these two things happen That is just for warm up............... anyone want me to continue ? Im newbie wanting to share what i;ve learned from Tik Tok.

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Quoting Waveskierrob

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{quote} so if it ranges more than a single direction, should we trade that rather than waiting for a big move where we could be 50/50...

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Quoting Pat Chiko

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{quote} That's the million-dollar question, and it cuts right to the core of trading style. My answer is going to be firm on principle, but flexible on application: You should trade the market structure that aligns with your personality, edge, and patience. Neither is inherently better. You statement bring us to my GU story............... "Drunken man walking a dog"

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Quoting Pat Chiko

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{quote} So, "Should we trade the range rather than wait?" No, not necessarily. You trade what you have an edge in. If you are impatient, love action, have superb discretionary skill, and can take profits quickly, then master range trading. Your battlefield is the 5-min/30M/1H chart. If you are patient, disciplined, can handle boredom and missed opportunities, and have the capital to withstand drawdowns, then master trend-following. Your battlefield is the 4H/Daily chart. Waiting for a big move is NOT a 50/50 bet if you have a defined edge. A coin...

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Quoting Pat Chiko

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{quote} That's the million-dollar question, and it cuts right to the core of trading style. My answer is going to be firm on principle, but flexible on application: You should trade the market structure that aligns with your personality, edge, and patience. Neither is inherently better. You statement bring us to my GU story............... "Drunken man walking a dog" analogy popularized by trader André Kostolany and others. It’s perfect for GU: Picture this: The drunken man is the long-term trend or fundamental bias (maybe he’s vaguely stumbling...

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Quoting msqk

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{quote} ....if surely safe, 3398 is a dream, but who knows ??? {image}

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