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Cable Update (GBPUSD)

  • #540,601
  • Aug 4, 2020 10:06am Aug 4, 2020 10:06am
Quoting kelvinftg
Basically GU hasn't proven itself to be bearish yet with a shooting star and doji D1 candles for the past 2 days. Any drop should be viewed as retracements and opportunities to go long..
I'll use the rallies to get into shorts
Make money by doing the opposite of Giveachance aka loser
  • #540,602
  • Aug 4, 2020 10:08am Aug 4, 2020 10:08am
WHOAAAA.... where did I get a yellow diamond from?
Don't compare your trades to others. Most often the masses are the asses
  • #540,603
  • Aug 4, 2020 10:13am Aug 4, 2020 10:13am
Quoting thevisitor
{quote} we will see...it's no high risk trade for me
in my view. if the price drops...one should buy today..
It is similar to yesterday pattern
Intraday only.
  • #540,604
  • Aug 4, 2020 10:15am Aug 4, 2020 10:15am
Quoting Moty
{image}{image}{image}
i dunno wat to say more. i already told you be smart. i already run away with profit. my suggestion cut the loss if daily pivot cant hold or bullish engulf 4hr. gud luck.
  • #540,605
  • Aug 4, 2020 10:15am Aug 4, 2020 10:15am
Quoting Moty
{image}{image}{image}

Moty... I strongly suggest you trade with a trailing stop on all your trades. I think that will save your account. You appear to be attempting to trade like a swing trader with compound trades, but you are using DAYTRADER candles. If you implement trailing stop,...
Don't compare your trades to others. Most often the masses are the asses
  • #540,606
  • Aug 4, 2020 10:17am Aug 4, 2020 10:17am
Quoting OBsayMkMoney
From the Internet..... If you are going through these there is a good chance you are losing money. Despite our best efforts to avoid it, there is no denying that there is an emotional rollercoaster that traders ride thanks to the market cycles. Traders want to maximize gains and minimize losses. However, it is easier said than done especially when factors like emotions come to play. And because lifeless robots do not run the trade market, we should seek to comprehend the series of emotions we may experience and how they will affect our interactions....
for trading-gambler's it does not matter if they win or lose.
Its the adrenaline rush of being in the trade.
Indicators and charts have the same function as blinking lights and sounds on a slot machine.
They also show the same superstitious behaviour of repeating certain phrases.
And ofcourse in the end losses are always due to some outside force like crooks or false breaks.
in wondering about yourself, you forgot what you came here to be part of
  • #540,607
  • Aug 4, 2020 10:18am Aug 4, 2020 10:18am
I am watching the 1.30600 area for a feasible sell trading setup.

I may be wrong.

KP
Do your homework, follow the footprints of smart money
  • #540,608
  • Aug 4, 2020 10:20am Aug 4, 2020 10:20am
Quoting KeenPips
I am watching the 1.30600 area for a feasible sell trading setup. I may be wrong. KP
yeah that is daily pivot for moty
  • #540,609
  • Aug 4, 2020 10:31am Aug 4, 2020 10:31am
Caution....
Attached Image (click to enlarge)
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Don't compare your trades to others. Most often the masses are the asses
  • #540,610
  • Aug 4, 2020 10:36am Aug 4, 2020 10:36am
It's going down to 1.28xxx. at least before the continuation of it's upside move

Do not be misled by the market makers. They are currently trapping buyers
  • #540,611
  • Aug 4, 2020 10:37am Aug 4, 2020 10:37am
Dont bother telling it anything, it will not listen
  • #540,612
  • Aug 4, 2020 10:37am Aug 4, 2020 10:37am
Quoting knkie
{quote} for trading-gambler's it does not matter if they win or lose. Its the adrenaline rush of being in the trade. Indicators and charts have the same function as blinking lights and sounds on a slot machine. They also show the same superstitious behaviour of repeating certain phrases. And ofcourse in the end losses are always due to some outside force like crooks or false breaks.

Sounds almost trumpian.
Agreed. Which is why I posted it. Sometimes people need a mirror to believe they have spinach in their teeth.
Don't compare your trades to others. Most often the masses are the asses
  • #540,613
  • Aug 4, 2020 10:38am Aug 4, 2020 10:38am
It rallied over 800 pips I have a reliable source thats unusual, especially for a July
though George never updated it ,but daily indicates retrace like you say- that could take more than a week against that kind of momentum.

Quoting kelvinftg
Basically GU hasn't proven itself to be bearish yet with a shooting star and doji D1 candles for the past 2 days. Any drop should be viewed as retracements and opportunities to go long..
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-08-04 at 16.32.12.png Size: 128 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #540,614
  • Aug 4, 2020 10:39am Aug 4, 2020 10:39am
Quoting princiano
It's going down to 1.28xxx. at least before the continuation of it's upside move Do not be misled by the market makers. They are currently trapping buyers
let have some...
just for a cup of coffee...
  • #540,615
  • Aug 4, 2020 10:43am Aug 4, 2020 10:43am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 32 KB
yes yes yes
  • #540,616
  • Aug 4, 2020 10:47am Aug 4, 2020 10:47am
Quoting Moty
{image}
it is agressive to happen today.

IMO, the price to test more highs tomorrow.
Intraday only.
  • #540,617
  • Aug 4, 2020 10:51am Aug 4, 2020 10:51am
Quoting Moty
{image}

Why do you think it will stop there? Other than the Daily Pivot? Wouldn't the chance of that upside down Head and Shoulders forming be higher?
Don't compare your trades to others. Most often the masses are the asses
  • #540,618
  • Aug 4, 2020 10:54am Aug 4, 2020 10:54am
Quoting princiano
It's going down to 1.28xxx. at least before the continuation of it's upside move Do not be misled by the market makers. They are currently trapping buyers
Agree..GU 1.28xx and DXY would touch 95 handle before continuation imo too..

Regards
  • #540,619
  • Aug 4, 2020 10:56am Aug 4, 2020 10:56am
Quoting mkvy
Dont bother telling it anything, it will not listen
Please stop it..

I see you still on that robot idea.. For the first time, I agree..

SS
  • #540,620
  • Aug 4, 2020 10:58am Aug 4, 2020 10:58am
Quoting JayBag
{quote} Please stop it.. I see you still on that robot idea.. For the first time, I agree.. SS
its superstitious 'hope arrows'
if you dont post them price will go against you
in wondering about yourself, you forgot what you came here to be part of
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