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Cable Update (GBPUSD)

  • #552,581
  • Oct 12, 2020 3:42pm Oct 12, 2020 3:42pm
I’m expecting a pullback tomorrow to trap lots of bears, most likely during London session
  • #552,582
  • Oct 12, 2020 3:47pm Oct 12, 2020 3:47pm
Quoting ZTrader123
I’m expecting a pullback tomorrow to trap lots of bears, most likely during London session
why would you want the bears to be trapped???
  • #552,583
  • Oct 12, 2020 3:52pm Oct 12, 2020 3:52pm
Quoting epzero
{quote} why would you want the bears to be trapped???

That’s how forex works, it’s a zero sum game, banks want to make the market look like it’s selling off for everyone (other institutional traders) so they can have enough sell orders for their buy orders to move the market up, if you look at my recent post there’s an explanation to the accumulation they’ve been doing for higher prices
  • #552,584
  • Oct 12, 2020 4:10pm Oct 12, 2020 4:10pm
Quoting ZTrader123
{quote} That’s how forex works, it’s a zero sum game, banks want to make the market look like it’s selling off for everyone (other institutional traders) so they can have enough sell orders for their buy orders to move the market up, if you look at my recent post there’s an explanation to the accumulation they’ve been doing for higher prices
Even with the extension of Brexit October 15th deadline is also an option but regardless of whether that happens if an agreement is not reached this week, sterling will crash lower. So sellers from 1.30 has nothing to be worried about, rather buyers from 1.30 should be the worried ones. So it's better to take every little profit you see before the close of the day.
  • #552,585
  • Oct 12, 2020 5:13pm Oct 12, 2020 5:13pm
Definition for a good trader (on this very tread, or the entire forum, or web):

One who can predict the future...

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Maadik Hugiis. IQ 69.
  • #552,586
  • Oct 12, 2020 5:25pm Oct 12, 2020 5:25pm
Quoting epzero
{quote} I am not the reason you don't post much of your live calls here rather your inability to make profitable trades are, i can't remember talking to you or since when did you become Jaybag? mind your business or focus on your trades and speaking of who add values to this forum, if you read my post very well you will see that i'm almost 100% profitable everyday, i have been for at least a month plus without a single loss or draw-down so grow up.
"100% profitable... for atleast a month" A month of being profitable and you think you are god's gift. I notice how you never post live trades and just slate everyone in order to boost your ego.
  • #552,587
  • Oct 12, 2020 5:48pm Oct 12, 2020 5:48pm
https://twitter.com/spectatorindex/s...511549957?s=21
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Maadik Hugiis. IQ 69.
  • #552,588
  • Oct 12, 2020 5:50pm Oct 12, 2020 5:50pm
https://twitter.com/spectatorindex/s...897742848?s=21
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Maadik Hugiis. IQ 69.
  • #552,589
  • Oct 12, 2020 5:55pm Oct 12, 2020 5:55pm
Quoting MoneyZilla
Definition for a good trader (on this very tread, or the entire forum, or web): One who can predict the future... {image}

You often make me laugh, cheers !

I react to the price in the moment, I manage that reaction considering the ever changing market movements. I find that the idea of predicting something that changes in infinite ways and continuously over time, is a simple paradox.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #552,590
  • Oct 12, 2020 6:32pm Oct 12, 2020 6:32pm
Quoting JayBag
It’s been a pleasure on this thread guys. I think I have overstayed my welcome as I am no match for the batch of trolls on here..
There's no match to play, when you reply you feed them. Ignore them and keep on posting.
  • #552,591
  • Oct 12, 2020 7:14pm Oct 12, 2020 7:14pm
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yes yes yes
  • #552,592
  • Oct 12, 2020 8:06pm Oct 12, 2020 8:06pm
Looks to me like 1.2980-90 coming up
Compulsions can be hard to resist
  • #552,593
  • Oct 12, 2020 8:25pm Oct 12, 2020 8:25pm
Quoting montygoldy
Trying one small short for 10 pips
Profit taken
Extreme gut feeling trader
  • #552,594
  • Oct 12, 2020 8:58pm Oct 12, 2020 8:58pm
buy on the dip mode on, waiting 1.3025
Join My Signal On Telegram at @forextradingforlivingsignal
  • #552,595
  • Oct 12, 2020 9:03pm Oct 12, 2020 9:03pm
Took short .
I don't like this.
1.30780 blocked price yesterday
This looks like wave c to 1.30048
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yes yes yes
  • #552,596
  • Oct 12, 2020 9:23pm Oct 12, 2020 9:23pm
Quoting ChiForex
{quote} Short entered on Friday @1.3045 have first Tp @1.2975, second Tp @1.2875 and SL @1.3105, with trailing stop according to price action. Generally, a base above 1.3030 necessary to start bullish movement to 1.3070 that needs another base above for strong movement upward while a base below 1.2970 necessary to continue medium term downtrend to 1.2870s first. The pair stuck in this 200pip range until one of both movements prevail...
Back to my words..GU failed to base above 1.3070 but exactly under it, targetting 1.3030 to decide if will base below or bounce to 1.3070 for another try..
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #552,597
  • Oct 12, 2020 9:38pm Oct 12, 2020 9:38pm
g.nite
  • #552,598
  • Oct 12, 2020 11:21pm Oct 12, 2020 11:21pm
I am Long at 1,3045 target 1,3251 sloss 1,2985
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  • #552,599
  • Oct 12, 2020 11:25pm Oct 12, 2020 11:25pm
Quoting Scotteyy
{quote} "100% profitable... for atleast a month" A month of being profitable and you think you are god's gift. I notice how you never post live trades and just slate everyone in order to boost your ego.
The past two weeks has been hell for traders so if anyone tells you they have been profitable without a single loss within that time, then you ought to know they are really good, so this has nothing to do with boosting ego but facts, why should I post live trade ? If anyone makes or losses money they can only deceive themselves and no one else.
  • #552,600
  • Oct 12, 2020 11:47pm Oct 12, 2020 11:47pm
Switched to long
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yes yes yes
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