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Cable Update (GBPUSD)

  • #687,441
  • Sep 23, 2022 12:23pm Sep 23, 2022 12:23pm
Quoting Wavegarrick
Usdx has reached my monthly resistance 2 at 112.417. Have not seen this in years. We shall see from here going into month end. Cheers. {image}
this is my chart since
15 sessions
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  • #687,442
  • Sep 23, 2022 12:27pm Sep 23, 2022 12:27pm
Some of my trading mistakes for this week.
Trying to trade Reversal, whereas the price only doing pullback.

Trade entries are a tough call.
I don't think there is a chest-thumping guru in the world who has a patent on how to pick a trade entry.
I don't either.

Again, identifying a trade setup is first and foremost.
That done, my entry is not as critical.
If I've isolated the trend, if I'm also trading with the momentum, my trade entry is almost a matter of course.
Just get in.

For a start to improve trading, I will try to time my entries by considering the possibility of a pullback.
Pullbacks occur regularly as price is going down/climbing the trend: i.e., price stairsteps up/down to the target.
It rarely gets there in one smooth flow of momentum.

Price advances two or three steps, raise/falls back a step; advances again, falls back, etc.
If price has been advancing when you are considering your entry, you need to ask if the price is going to pull back before it advances again.

I look at my mistakes as wonderful teachers.
Why did I make that dumb mistake, what am I doing wrong?
What do I need to understand here?
Going back over the charts and my trades in the attempt to understand why the market moved counter to what I thought it would is very important.
The answer is right there on the chart.

Sharing my thought and mistakes as Newbie.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #687,443
  • Sep 23, 2022 12:33pm Sep 23, 2022 12:33pm
Sooner see 1.065 then up but just play by the rules . It might be a bit dead now but …. But … it’s sneeeky cable . Alarms are set over dinner . Thou the wife won’t be happy .. trading around the dinner table never goes down well ..lol
  • #687,444
  • Sep 23, 2022 12:34pm Sep 23, 2022 12:34pm
Just want say Folks. Gu has come down hard and so has Eu and every other currency related to the dollar. We are nearing the end of the 3rd quarter. There will be fireworks for sure. I have been through this so many times. What goes down hard will go up even faster or vice versa, faster then the mind can grapple. There will be lots of stop outs. What concerns me is that weekends could be used or even Asia to swing price in the opposite direction. I remember this somewhere in 2008 when Gu was above 2.0000. I was long with nice profits and thought I would wait for the London market open. Off course I had no stops then. Price moved down so swiftly In the Asian session, when I woke up and opened my platform, my account was blown. I don't say this will happen again but his comes to mind when we are at extremes. I am sure the players know that every Tom, Dick and Harry expects a reversal at some point. The question is how will they trick us, not to get in on the bandwagon with them.
Be very careful Folks and have a great weekend.
Cheers.
Trade to trade another day
  • #687,445
  • Sep 23, 2022 12:35pm Sep 23, 2022 12:35pm
Quoting BeeTogether
{quote} Bro you still holding longs?

yeah im still in, problem for me is, i cannot be around a computer at work to see opportunities, to even find a hedge cause i miss the signals..and this trade has completely finished me off
  • #687,446
  • Sep 23, 2022 12:41pm Sep 23, 2022 12:41pm
Quoting Wavegarrick
Just want say Folks. Gu has come down hard and so has Eu and every other currency related to the dollar. We are nearing the end of the 3rd quarter. There will be fireworks for sure. I have been through this so many times. What goes down hard will go up even faster or vice versa, faster then the mind can grapple. There will be lots of stop outs. What concerns me is that weekends could be used or even Asia to swing price in the opposite direction. I remember this somewhere in 2008 when Gu was above 2.0000. I was long with nice profits and thought...
but there has to be a limit to the fall surely..the euro is below parity?
  • #687,447
  • Sep 23, 2022 12:43pm Sep 23, 2022 12:43pm
Quoting Waveskierrob
{quote} Glad you gave it some serious thought...
Was thinking seriously about on how you conduct your trades.....

We know that no system is 100%.
We also know that the forex market is full of surprises with tons of swings in either direction everyday.

That is why your scalp from the set up charts.
You catch these moves in the market with tight stops and high leverage after you have studied PA and know how a currency moves.

Quick in and out, not risking much and not leaving your trade on for too long.
When the market changes is doesn't matter, you can still trade whichever way, everyday, you don't need to wait for these big setups like you do on the higher time frames.

You wait for high volatility and go to town. You must have developed something that works for you and I'm glad to learn it too.

Have a Great weekends Bro.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #687,448
  • Sep 23, 2022 12:45pm Sep 23, 2022 12:45pm
maybe GBPUSD will = 1$ soon
  • #687,449
  • Edited 1:00pm Sep 23, 2022 12:46pm | Edited 1:00pm
Quoting KareemAliFx
{quote} I warned you weeks ago to close ur longs now look at u

with comment like there blood on the streets, and u love it! u expect me to take u seriously..
Im still ok..not gonna lie not happy but it is what it is

no stop..BIG lesson
  • #687,450
  • Sep 23, 2022 12:49pm Sep 23, 2022 12:49pm
GBPJPY has made mayor low 155.65
POSTMASTER
  • #687,451
  • Sep 23, 2022 12:51pm Sep 23, 2022 12:51pm
Quoting nAVIN2007
{quote} Yeah i heard the same thing, my god..what have they done this is madness..Im gonna blow my account
Hi Nav,
Still holding those buys? Wow
  • #687,452
  • Sep 23, 2022 12:54pm Sep 23, 2022 12:54pm
Quoting nAVIN2007
{quote} with comment like there blood on the streets, u expect me to take u seriously.. Im still ok..not gonna lie not happy but it is what it is no stop..BIG lesson
U are terrible at trading and I’m not so I don’t care if you don’t take me seriously I make more than a living trading for years now. I try to help others here but I get shit comments like yours it is why I never share my wisdom with others
Master your mind. Master Trading.
  • #687,453
  • Sep 23, 2022 12:54pm Sep 23, 2022 12:54pm
2nd scalp long
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MY GRID. Markets are NOT random.
  • #687,454
  • Sep 23, 2022 12:57pm Sep 23, 2022 12:57pm
Quoting T721
{quote} im praying navin is ok


navin is a strong man,
MY OPINION NOT FINANCIAL ADVISE
  • #687,455
  • Sep 23, 2022 12:57pm Sep 23, 2022 12:57pm
Jerome Powell speech in 3 minutes.

Inserted Video
Funded trader
  • #687,456
  • Sep 23, 2022 1:01pm Sep 23, 2022 1:01pm
Quoting KareemAliFx
{quote} U are terrible at trading and I’m not so I don’t care if you don’t take me seriously I make more than a living trading for years now. I try to help others here but I get shit comments like yours it is why I never share my wisdom with others
In life you get what you give! and vice versa
  • #687,457
  • Sep 23, 2022 1:07pm Sep 23, 2022 1:07pm
Add long orders 0936 and 11000 target 1,1050
  • #687,458
  • Sep 23, 2022 1:10pm Sep 23, 2022 1:10pm
Quoting KareemAliFx
{quote} U are terrible at trading and I’m not so I don’t care if you don’t take me seriously I make more than a living trading for years now. I try to help others here but I get shit comments like yours it is why I never share my wisdom with others
Quoting KareemAliFx
Blood on the streets LOVE IT
it is your comment..I am shit at trading..SO WHAT!!

as far as i am concerned i am in this situation cause i made the wrong decision to buy when the war was announced, i was stupid!!

I have no issues with u..plz post and help people if u believe this is what u are doing
  • #687,459
  • Sep 23, 2022 1:11pm Sep 23, 2022 1:11pm
Quoting Jolita
{quote} Had a look, yes! Not sure this is correct S&P, but lots of space for a good fall, wow, lots of money in the making. Next monthly support 3666. Only needs a little gossip on recession, then is a free fall. Orange lines to control. {image}
@Bakker
You must be pleased, 3666 attained. Hang on as its hapenning...
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  • #687,460
  • Sep 23, 2022 1:11pm Sep 23, 2022 1:11pm
Quoting donfriday
{quote} navin is a strong man,
I wish lol
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