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Cable Update (GBPUSD)

  • #741,841
  • Apr 19, 2023 6:36am Apr 19, 2023 6:36am
Quoting pipfarm
{quote} Well i guess everyone is on a different trading journey , some will learn eventually some will never learn and keep doing the same thing over and over again. The slot machine will keep flashing its bright lights.
well said, thanks
People don't plan to lose. They lose because they don't plan.
  • #741,842
  • Apr 19, 2023 6:38am Apr 19, 2023 6:38am
Quoting josip
DX update double top pattern activated...can we higher or not {image}
So you will sell?

Do you realise a double top is a reversal pattern that is found at major highs the opposite for double bottoms.
Follow The Markets Structure - Patience and Discipline
  • #741,843
  • Apr 19, 2023 6:40am Apr 19, 2023 6:40am
Probably today GBPUSD close between 1.23800 and 1.23500.
  • #741,844
  • Apr 19, 2023 6:40am Apr 19, 2023 6:40am
Hedged for ny, im not taking the risk of getting stopped out for what could be an awesome trade, will wait for the madness to settle before unhedging, need clear direction.
  • #741,845
  • Apr 19, 2023 6:40am Apr 19, 2023 6:40am
Quoting pipfarm
{quote} So you will sell? Do you realise a double top is a reversal pattern that is found at major highs the opposite for double bottoms.
yes, I bought gbp with 20SL
Trendlines H1,H4, SMC
  • #741,846
  • Apr 19, 2023 6:40am Apr 19, 2023 6:40am
Trying to scalp long for 10-14 pips
Attached Image (click to enlarge)
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yes yes yes
  • #741,847
  • Apr 19, 2023 6:44am Apr 19, 2023 6:44am
Looks like a leg up, closed the shorts with profit, added tight stop to the long.
1.2405-12410? Then i look for small short.
You have an IQ lower than 90 if you interact with this user.
  • #741,848
  • Apr 19, 2023 6:50am Apr 19, 2023 6:50am
Quoting pipfarm
{quote} So you will sell? Do you realise a double top is a reversal pattern that is found at major highs the opposite for double bottoms.
do u think it isnt double top pat. ???

for confirmation we have to cross the right green trend line
Attached Image (click to enlarge)
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Trendlines H1,H4, SMC
  • #741,849
  • Apr 19, 2023 6:53am Apr 19, 2023 6:53am
I’m not buying.

I’d rather wait for another opportunity to sell.

#Stay blue. /swinger/scalper/
  • #741,850
  • Apr 19, 2023 6:56am Apr 19, 2023 6:56am
Quoting Ehminiz
I’m not buying. I’d rather wait for another opportunity to sell.
the markit does not respect our thoughts one big move up and every thought is switched. Either you sell or buy thats the markit
Keep the Lights on then you can catch the rise from the dark.
  • #741,851
  • Apr 19, 2023 6:56am Apr 19, 2023 6:56am
Attached Image (click to enlarge)
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yes yes yes
  • #741,852
  • Apr 19, 2023 7:00am Apr 19, 2023 7:00am
Quoting ricmaj
{quote} the markit does not respect our thoughts one big move up and every thought is switched. Either you sell or buy thats the markit
yes you are right.

but I’d rather stick to my bias.
#Stay blue. /swinger/scalper/
  • #741,853
  • Apr 19, 2023 7:04am Apr 19, 2023 7:04am
Quoting ForexGoose
{quote}{image}
i think the dump is going to resume today
Attached Image (click to enlarge)
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #741,854
  • Apr 19, 2023 7:13am Apr 19, 2023 7:13am
Quoting Ferna
Looks like a leg up, closed the shorts with profit, added tight stop to the long. 1.2405-12410? Then i look for small short.
my stop loss at 1.24002 and it retraced to 1.24003 the luck involved is incredible.
Moved stop to 1.2405 to atleast be accurate, seems to barely have reached 1.2410 and stuck underneath at 1.24097.

Will stop trading now before i become overconfident and start gambling or learn myself bad stuff, happy with 13 pips.
You have an IQ lower than 90 if you interact with this user.
  • #741,855
  • Apr 19, 2023 7:17am Apr 19, 2023 7:17am
DXY bouncing off
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  • #741,856
  • Apr 19, 2023 7:20am Apr 19, 2023 7:20am
Quoting Moty
Trying to scalp long for 10-14 pips {image}
Yes yes yes
And it came exectly when i really need the money
I was short with my selery. By 100 $ , now i have more then enough
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yes yes yes
  • #741,857
  • Apr 19, 2023 7:25am Apr 19, 2023 7:25am
I have a question regarding Price Action today: For me it was one of the best trading days in my life till now with GBP/USD. So my question is: How was it for you? Was it a normal day, a bad day or an awesome day?

I ask because I want to know if algorithms today messed up the market to trap people like you, also professionals over and over to shrink your
self confidence and to boost my self confidence (so I start to gamble more next days and than they change to normal again and I lose all or more than I won today).

Yesterday for example was horrible for me. Not that I lost money but it was boring like hell so sometimes you start to gamble on days like yesterday.
I watched that quite few times that PA is changing, mostly day by day to confuse traders. Today it fitted very well my trading style.
  • #741,858
  • Apr 19, 2023 7:28am Apr 19, 2023 7:28am
gbpusd
update

what will we do with 1.2430, if we cross it, we will go to today's tops
Attached Image (click to enlarge)
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Trendlines H1,H4, SMC
  • #741,859
  • Apr 19, 2023 7:30am Apr 19, 2023 7:30am
Looking out to see if this channel holds.
Attached Image (click to enlarge)
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#Stay blue. /swinger/scalper/
  • #741,860
  • Apr 19, 2023 7:32am Apr 19, 2023 7:32am
Quoting Ferna
{quote} my stop loss at 1.24002 and it retraced to 1.24003 the luck involved is incredible. Moved stop to 1.2405 to atleast be accurate, seems to barely have reached 1.2410 and stuck underneath at 1.24097. Will stop trading now before i become overconfident and start gambling or learn myself bad stuff, happy with 13 pips.
The humour is adding up for me, i went away from the keyboard and now it's at 1.2422
New SL at 1.2417
You have an IQ lower than 90 if you interact with this user.
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