Holding GU long target 1.2925
Forex Learner
Cable Update (GBPUSD)
- #454,125
- Aug 18, 2017 12:20pm Aug 18, 2017 12:20pm
- Joined Dec 2015 | Status: Trader | 8,751 Posts
Do your homework, follow the footprints of smart money
- #454,128
- Aug 20, 2017 5:31pm Aug 20, 2017 5:31pm
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,051 Posts
{quote} Straight north from now on. Fasten your seatbelts
- #454,134
- Edited 4:13am Aug 21, 2017 3:46am | Edited 4:13am
The day I started looking at the market as a living organism, changing it shapes and form, adapting to new environment, was the day I finally started making some money. There is a reason why NO AUTOMATED system is able to beat the market in the long term.
Market is like a virus. It adapts. At every single second you look at the charts, you can apply the rules of every possible strategy there is, thus giving you an illusion your strategy works as intended. The day you stop looking at charts thinking "oh, I'm right" is the day you set yourself free to brand new thinking about markets behaviour.
"What would need to happen to fool the majority?" is the question I ask myself before every trade.
Will it go today to 1.29395 area? Lets find out!
https://www.forexfactory.com/showthread.php?t=57639
Only thread you will ever need to read! FTI is god of trading
Let the market decide!
- #454,135
- Edited 9:09am Aug 21, 2017 5:11am | Edited 9:09am
1.28626 before launch? Or now?
If it goes below 1.2850 there is no launch!
If this is the bottom for a 1.34215 move in few weeks, that would be fun!
1.2870 good area to add some longs (if it wants to test this area)
4:08pm Edit: 2867 seems more and more probable before take off ( stoploss hunt before actual move ).
Hedging now. Selling till 2870ish before adding longs.
If it goes below 1.2850 there is no launch!
If this is the bottom for a 1.34215 move in few weeks, that would be fun!
1.2870 good area to add some longs (if it wants to test this area)
4:08pm Edit: 2867 seems more and more probable before take off ( stoploss hunt before actual move ).
Hedging now. Selling till 2870ish before adding longs.
Let the market decide!
- #454,136
- Edited 9:46am Aug 21, 2017 9:35am | Edited 9:46am
Market = living organism. Observe it, feel it, take its perspective!
Changing my outlook to short at 1.2905 (closed all my longs! Stick with the plan attitude = lose money long term).
Target to be determined based on recent advantements.
"Professional traders" say - Don't let emotions set in. I say - Feel the market and choose your targets based on your gut (experience + knowledge) feeling.
Changing my outlook to short at 1.2905 (closed all my longs! Stick with the plan attitude = lose money long term).
Target to be determined based on recent advantements.
"Professional traders" say - Don't let emotions set in. I say - Feel the market and choose your targets based on your gut (experience + knowledge) feeling.
Let the market decide!
- #454,138
- Aug 21, 2017 12:32pm Aug 21, 2017 12:32pm
GBP/USD may bounce off from 1.2880 which is the (MA)89 indicator on the daily time-frame and move to the upside towards 1.2925 - 1.2930. That said, considering the shooting star candlestick at 1.3265 on the weekly time-frame, which is still a valid signal for a move south, the overall drop may not be over yet.
Drop incoming?
Let the market decide!
- #454,140
- Edited 9:56pm Aug 21, 2017 8:01pm | Edited 9:56pm
- Joined Mar 2016 | Status: Trader | 6,378 Posts