Right now Euro is also benefitting from the BOE but of course the effect is stronger on GBP pairs. If you are asking about if you can trade ECB rates on Eur/usd the same way, you absolutely can! You can apply the same "buy the rumour sell the fact" ...

Cable Update (GBPUSD)

Yep. And it was the exact opposite when rates were going up. They would hike the rates and the currency would still go down. And now they cut it and its going up. Its almost always inversely correlated when its already priced in. Sharp eyes you got ...

Cable Update (GBPUSD)

According to the US laws, The President have no authority on the FED. Therefore cannot dismiss or replace a FED chairman before their spell ends. Powell's spell as the FED Chairman ends in 2026.

Gold

Lame attempt, sorry mate you are not that guy

Cable Update (GBPUSD)

I fail to understand why non-americans are so concerned about Harris or Trump? As for the external relations, US bureaucracy does it's own thing and presidents don't really change much. So as a non-american i don't give a tinker's curse about who ...

Cable Update (GBPUSD)

i see high hopes about the new government in US, i hope you guys are right. The difference between the Reps and Dems imo: image

Cable Update (GBPUSD)

Nah imma sit here and chat with you until you kick me out mate

Why do people promote dead knowledge and call it trading

No offense taken. But i will also be honest with you, this whole system did came to up point where people cannot even dream to afford a house & a car even in their wildest dreams without leverage. So living by our means would be living in a ...

Why do people promote dead knowledge and call it trading

Liq providers and big institutions do receive support from the governments. And they use that money to profit off of their customers whether its trading, investing or loaning money. We are on the same page there, as a guy that was born in 2000 ...

Why do people promote dead knowledge and call it trading

I used to be so daring when it comes to trading big events like wars etc. I had open positions when Russia started invasion against Ukraine back in February 24, 2022. Obviously markets beat me up and humbled me down pretty quick After that, i ...

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idk about you guys, but i won't be trading this week unless i see the gray clouds disappear about the US elections. Guessing game is always a dangerous game. Unless you are experienced about trading US elections in the past. Remember people, markets ...

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Again, which common sense are you referring to? The "common sense" among the retailers or the common sense among the trading floors in investment banks? Because they are very, very different. Although i agree that greed makes people morons. Which ...

Why do people promote dead knowledge and call it trading

Saying stop thinking like other people is not very specific. You mean we should stop thinking like fake youtube and forum gurus? Or we should stop thinking like my friends that work as quants at investment firms? Everyone uses their brain within the ...

Why do people promote dead knowledge and call it trading

I wanted to pay a visit to my old friend Peter since i saw you in GU thread. So you don't believe in reading the charts, well i don't as well. Well, at least i think it's not enough. So you keep talking about the real life, when you say real life i ...

Why do people promote dead knowledge and call it trading

oh hi peter. you are back

Cable Update (GBPUSD)

Yep they do work as liq providers. Fixing bid/ask prices, market making but that's a whole different desk. They are more on the broker side of the business. And like you said they can't read the market orderflow. They can only read their client's ...

Gold

Closed at 12955. Shame that it didn't trigger my long orders below. Small win but still a win. Wishing everyone a good weekend!

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Thanks! Happy holidays to you too mate!

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GU Long for NFP data, sharing GU chart here since my friend asked me to show a live trade. Limit buy orders are placed, one position on top is open. image

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