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Cable Update (GBP/USD) without Idiots 23 replies

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Cable Update (GBPUSD)

Quoting Nala66
{quote} And beyond this there is a wide open space... {image}
Well that was a no brainer reaching the 2748 but now it is going to get interesting.

Can the average make the HH and if so how high is price going to go from here?

I would be watching for the 1 hour to show divergence for some sort of a pull back south for a while.
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I note that on the 15 min chart the price stopped exactly on the swing target level and in divergence so this was the opportunity to short but I was in bed asleep.
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Quoting Georginson
My apologies to anyone my analysis might have misled directly or indirectly. I do not intend to cause anyone pain. Perhaps I was somewhat strong biased and I apologise for that sincerely. My intention is to contribute and not to disorganize or misinform fellow traders. I did my best to also put across the importance of money management and I remember I specified my stake levels are 3%, 4% and 3% percent, so even if the price attains 1.2817 level I will only have 20-22% potential damage to my equity. Now for me, I intend closing my short positions...
You shouldn’t quit posting because of few negative comments. I always read your analyses and they are well thoughts based on valid research. I’m sure many readers appreciate your hard work.
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I put a buy limit on 1.2685.
Quoting Not-KPMG
{quote} Hi pal If you remember my mantra is sell higher. I never say - duhhhhhh I'm dumb blabberrr and pound will be 700 pips dip by this Friday/month . 1.45 or 1.0011 Blaaaaa.... That's what morons do Patience But what I most wish to stress, and what I stopped helping with, because it's duuum people, is 1.25 area is where it oscillate. 250 pips each way is OK. I revized my oscillator 1.26 even....
ohh ic ic i got it

dont u think if we get weekly candle close above 1.273x GU will have the power to reach 1.34xx in other few weeks ?
Quoting gespiri
{quote} Why apologize if you haven't done anything wrong? What is your TP on those shorts BTW?
TP: I will take profit at the next SW zone 2685. Will resell it if breaks the zone. Let see how it goes
Le$$ I$ More
Quoting Georginson
My apologies to anyone my analysis might have misled directly or indirectly. I do not intend to cause anyone pain. Perhaps I was somewhat strong biased and I apologise for that sincerely. My intention is to contribute and not to disorganize or misinform fellow traders. I did my best to also put across the importance of money management and I remember I specified my stake levels are 3%, 4% and 3% percent, so even if the price attains 1.2817 level I will only have 20-22% potential damage to my equity. Now for me, I intend closing my short positions...
don't worry about it, many people here don't really deserve help, because we waste time and many don't value our time and end up ignoring us, gu is going up but to test that fund, she can do it in a few days, although I see that the dollar will go up any time so i'm still waiting, maybe the interest rate at the end of the month or before.

if the price tests that support below around 1.15 or 1.16 and does not make a new low and no stop loss hunting I would consider a support and that could be the investment of a few months.
Proverbs 18.15
i'm short GBP . hope green pips
super scalp will big profit
The fall of the GU was hindered by Montlhy_R1 (1.2722) and Daily_Pivot (1.2715). In addition, the condition of the AU, NU and EU is in a UP trend. Does that mean the GU will continue the UP trend ?
Quoting Georginson
My apologies to anyone my analysis might have misled directly or indirectly. I do not intend to cause anyone pain. Perhaps I was somewhat strong biased and I apologise for that sincerely. My intention is to contribute and not to disorganize or misinform fellow traders. I did my best to also put across the importance of money management and I remember I specified my stake levels are 3%, 4% and 3% percent, so even if the price attains 1.2817 level I will only have 20-22% potential damage to my equity. Now for me, I intend closing my short positions...
When you did nothing wrong, then you can just ignore those people that failed simply because they follow others blindly. It's common in retail trading world that when they lose money, they will start blame everyone including the cat, the dog, etc, but they never reflect on themselves which is actually the real problem. Any failure in trading is always because of own decision, not anyone else. Unless someone put gun on your head and force you to trade follow their method. Another point to take note is that you are not charging any subscription fees to any of these people that complaining, basically you will get nothing if you share correct view, same concept should apply to when you share wrong view.

Some analogy, if person A always cross the small road with his eyes closed because he is very familiar with the road and activities in that area, then one day got person B see it, and he just simply follow person A do the same thing (however person B is not familiar with the road and activities in that area), then this person B simply hit by car eventually. Whose fault in this case? It's very obvious person B is the problem.

There are many types of traders, majority here seems short term traders with 15 mins, 5 mins and even 1 min chart that close position within few hours (heaven for brokers). Some are swing traders that using 1 hr, 4 hrs, 1 day and even 1 month chart that may close their position after several days or even weeks.

Some common mistakes for newbie is that they want to have a quick gain (short term traders and can only digest small loss), but they blindly follow the view of swing traders (longer term traders who can digest bigger loss). Another common mistakes are short term traders that "naturally" converted to swing traders when they are in losing position simply just because they don't cut loss, and then again blindly follow other swing trader that have same view with them.

In summary for everyone: your money, your decision to trade or not. Be mature and don't blame anyone else if eventually you lose money. If you are newbie, then do more research and self-learning. Everyone here have different method, different risk:reward ratio, different account size, different leverage, different time frame and even different behavior when in the midst of earning / losing. If you decide to follow others blindly, then things unexpectedly go wrong and you start blame that person, then you better quit this trading, it's not suitable for you and will miserably fail in the end.
morning fellow traders i have been trading for four years and i have not not made any profit but i keep blowing up accounts watched a lot of trading videos and studied a lot of courses but i seem not to be making any progress it is stating get frustrating and am losing hope i need help i have an account with XM R600 i have been watching most analysis on this platform and i see most trades here they have experience and they know what they are doing and i would like to be at their level one day i need help
Quoting Guztro
{quote} Just because someone is trading in the other direction, does not make them wrong Neil0163, you should know this by now. I swing trade around 20 of the 28 pairs, and I'm very rarely wrong, but I will not throw that in the face of someone who is in the opposite direction to my trades. For your information, I'm short as well, entered @1.2750, and I will get to my target. For entertainment purposes, I scalp when I'm bored, I generally target 30 pips on each pair. And, since I understand fundamentals, I can trade any pair. Here's my scalps since...

Well TECHNICALLY these are not all scalps as some have swap fees. But I see where you are going with this.
When you feel like you HAVE to trade is when you least should!
Quoting luyandagwala
morning fellow traders i have been trading for four years and i have not not made any profit but i keep blowing up accounts watched a lot of trading videos and studied a lot of courses but i seem not to be making any progress it is stating get frustrating and am losing hope i need help i have an account with XM R600 i have been watching most analysis on this platform and i see most trades here they have experience and they know what they are doing and i would like to be at their level one day i need help
Start trading smaller lot sizes. First.
When you feel like you HAVE to trade is when you least should!
Quoting luyandagwala
morning fellow traders i have been trading for four years and i have not not made any profit but i keep blowing up accounts watched a lot of trading videos and studied a lot of courses but i seem not to be making any progress it is stating get frustrating and am losing hope i need help i have an account with XM R600 i have been watching most analysis on this platform and i see most trades here they have experience and they know what they are doing and i would like to be at their level one day i need help
So much factors to be a successfull trader, but I try to make it simple
1. Find a strategy which will make you comfortable (learn trade with what you see and not trade with what you feel)
2. Use a good MM for every you trade (learn where you put sl/tp and lotsize)
3. Control you emotion when you trade (this is most important for me )

That is my tips, if still lose better you find good trader for copy they trade or something else.

"IF STILL LOSE THAT MEAN TRADING IS NOT FOR YOU"
Quoting Aghostinplai
{quote} This is still on. Long since 1.2550 if price is bearish by New york open, I'll close the trade
So this hit my tp. +200 pips @ 1.2750
Quoting SCopier
{quote} So much factors to be a successfull trader, but I try to make it simple 1. Find a strategy which will make you comfortable (learn trade with what you see and not trade with what you feel) 2. Use a good MM for every you trade (learn where you put sl/tp and lotsize) 3. Control you emotion when you trade (this is most important for me ) That is my tips, if still lose better you find good trader for copy they trade or something else. "IF STILL LOSE THAT MEAN TRADING IS NOT FOR YOU"
D***, I just know I can write in English with so much words
Quoting kukuforex
i'm short GBP . hope green pips
pls gbp down.
super scalp will big profit
it must stop at 2665. Then 2783 today.

However, if 2665 breaks ( remote chance ) , then deeper retrace to 2600.

IMO.
Intraday only.
Quoting navk
it must stop at 2665. Then 2783 today. However, if 2665 breaks ( remote chance ) , then deeper retrace to 2600. IMO.
just for a cup of coffee...
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