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Cable Update (GBPUSD)

  • #737,721
  • Mar 24, 2023 8:26am Mar 24, 2023 8:26am
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Close to the target 2s. Hope you grabbed your pips

Cheers.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #737,722
  • Mar 24, 2023 8:28am Mar 24, 2023 8:28am
Quoting BeeTogether
{quote} its struggling today. Been ranging quite between 12220-12230. Above 12230 12250 looks do able and maybe even touch 12260 but it needs to get above the first hurdle
I had a ready buy order at 1.2236
Trendlines H1,H4, SMC
  • #737,723
  • Mar 24, 2023 8:30am Mar 24, 2023 8:30am
Quoting BeeTogether
{quote} its struggling today. Been ranging quite between 12220-12230. Above 12230 12250 looks do able and maybe even touch 12260 but it needs to get above the first hurdle
Could be a late Friday push up , otherwise it is Monday
Follow The Markets Structure - Patience and Discipline
  • #737,724
  • Mar 24, 2023 8:36am Mar 24, 2023 8:36am
dx update
I was expecting the price to go to the blue line and up to the green via R, ok maybe later, or Monday
Attached Image (click to enlarge)
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Trendlines H1,H4, SMC
  • #737,725
  • Mar 24, 2023 8:41am Mar 24, 2023 8:41am
Quoting pipfarm
{quote} Could be a late Friday push up , otherwise it is Monday
agree seems we can settle for a bit maybe Monday we get movements or we get a late push today but a movement is on the way for sure
Master your mind. Master Trading.
  • #737,726
  • Mar 24, 2023 8:45am Mar 24, 2023 8:45am
Quoting KareemAliFx
{quote} agree seems we can settle for a bit maybe Monday we get movements or we get a late push today but a movement is on the way for sure
with today nearly done, I’m looking at Monday. If we get to 12260 I will TP and be done with it as it’s my b/e area
Insane in the Brain..
  • #737,727
  • Mar 24, 2023 8:50am Mar 24, 2023 8:50am
Quoting BeeTogether
{quote} with today nearly done, I’m looking at Monday. If we get to 12260 I will TP and be done with it as it’s my b/e area
well done trading this week my friend ! Cheers
Master your mind. Master Trading.
  • #737,728
  • Mar 24, 2023 8:51am Mar 24, 2023 8:51am
Quoting KareemAliFx
{quote} well done trading this week my friend ! Cheers
cheers buddy you too! It’s been good week however I see next week as slow one as there is lack of data and it will be easy to get sucked into making a false move.
Insane in the Brain..
  • #737,729
  • Mar 24, 2023 9:40am Mar 24, 2023 9:40am
Quoting ForexGoose
buy the dip after the fake news dump 1. Last fake news dump on March 15 -> https://www.cnbc.com/2023/03/15/fina...he-sector.html {image} 2. Latest fake news dump on March 24 -> https://www.cnbc.com/2023/03/24/deut...nce-costs.html bought from 1.222, stop under 1.218, target 1.238+
i'm waiting for the rally to start again on 4h
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #737,730
  • Mar 24, 2023 9:57am Mar 24, 2023 9:57am
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hd ve a good week end ...
  • #737,731
  • Mar 24, 2023 10:31am Mar 24, 2023 10:31am
When we talk about consistency as one of the basic factors of a trader’s success, we also mean consistent RRR, which a trader should clearly set according to his preferences and trading goals. With a consistent RRR, a trader can predict the probability of success of his trades and can calculate the percentage of successful and unsuccessful trades he needs to be profitable in the long run. At the same time, he can avoid trades where the risk is too high relative to the potential return, which again limits the number of unnecessarily losing trades. All of this will help him to fine-tune his strategy and ultimately give him the psychological comfort that is critical to long-term profitability.

I read this , just wanted to share.
Intraday only.
  • #737,732
  • Mar 24, 2023 10:42am Mar 24, 2023 10:42am
trading plan for GU

short term target 1.2160, mid-term target 1.2450
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  • #737,733
  • Mar 24, 2023 10:43am Mar 24, 2023 10:43am
This is why I love hedging ! Caught a nice short on gold
Master your mind. Master Trading.
  • #737,734
  • Mar 24, 2023 10:45am Mar 24, 2023 10:45am
gold scalp
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MY OPINION NOT FINANCIAL ADVISE
  • #737,735
  • Mar 24, 2023 10:46am Mar 24, 2023 10:46am
Quoting mysterio
trading plan for GU short term target 1.2160, mid-term target 1.2450 {image}
i will be fine if it get to ur sl level
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MY OPINION NOT FINANCIAL ADVISE
  • #737,736
  • Mar 24, 2023 11:02am Mar 24, 2023 11:02am
Quoting mysterio
trading plan for GU short term target 1.2160, mid-term target 1.2450 {image}
I dunno if this drop today is due to profit booking after FOMC move.
Intraday only.
  • #737,737
  • Mar 24, 2023 11:53am Mar 24, 2023 11:53am
Quoting navk
{quote} I dunno if this drop today is due to profit booking after FOMC move.
seems to be a lot of Friday profiteering. If I’m not mistaken next week is pretty much low on big news so we could see a more technical if not a ranging week.

ironically both BoE and FOMC didn’t move the market much at all. Maybe being priced in not sure. BoE alluded that things aren’t as rosey
Insane in the Brain..
  • #737,738
  • Mar 24, 2023 11:58am Mar 24, 2023 11:58am
Quoting BeeTogether
{quote} seems to be a lot of Friday profiteering. If I’m not mistaken next week is pretty much low on big news so we could see a more technical if not a ranging week. ironically both BoE and FOMC didn’t move the market much at all. Maybe being priced in not sure. BoE alluded that things aren’t as rosey
I got the impression that the FOMC and BOE just offset each other, essentially maintaining the status quo.
  • #737,739
  • Mar 24, 2023 12:50pm Mar 24, 2023 12:50pm
Hello Guys, the weekly chart of March 20, 2022 and March 19, 2023 is the exact same... Check what happened thereafter... In fact there were three upward gaps on the charts before these weeks in particular...

Can this be a dejavu of a looming giant fall off?
I will be back with some scenarios for next week.

Have a blissful weekend of well deserved rest guys.
Data + Stat + Risk/Emotions Management
  • #737,740
  • Mar 24, 2023 1:31pm Mar 24, 2023 1:31pm
If this line of defence fails to hold, there are fresh soldiers below
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Compulsions can be hard to resist
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