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Cable Update (GBPUSD)

  • #584,301
  • Mar 17, 2021 3:23am Mar 17, 2021 3:23am
Quoting Bones
all I can say is the FED is in denial at least sell it at Major for sure , {image} {image} {image}
Fireworks tonight then...
Insane in the Brain..
  • #584,302
  • Mar 17, 2021 3:26am Mar 17, 2021 3:26am
Quoting Nd10
{quote} Wawu Moty. You lost the last deposit of last week too? This business is not easy
Moty ia addicted.
He wants every second and every his breath to be in the market with opened orders) This is a real problem of many newbie traders and is called overtrading.
On Friday I said GU will seesaw forth and back and till FOMC there will be no even direction. And what we have now?) GU sits right there where it ended on Friday
Why to try scalp few pips with high risk in flat and not to wait for strong driver, which could be a beginning of new wave/trend and easy gather your weekly or even monthly profit? I just dont get it, guys)
  • #584,303
  • Mar 17, 2021 3:26am Mar 17, 2021 3:26am
Quoting ruben247
{quote} I assume you have never lost right?
Countless bro. I'm not mocking MOTY please. I'm even losing now with shorts on GU
  • #584,304
  • Mar 17, 2021 3:28am Mar 17, 2021 3:28am
Quoting Marbas
{quote} Moty ia addicted. He wants every second and every his breath to be in the market with opened orders) This is a real problem of many newbie traders and is called overtrading. On Friday I said GU will seesaw forth and back and till FOMC there will be no even direction. And what we have now?) GU sits right there where it ended on Friday Why to try scalp few pips with high risk in flat and not to wait for strong driver, which could be a beginning of new wave/trend? I just dont get it, guys)
Should we be scared of our shorts now
  • #584,305
  • Mar 17, 2021 3:30am Mar 17, 2021 3:30am
Quoting Nd10
{quote} Should we be scared of our shorts now
Longs and Shorts are now 50/50. We are in range and anything can happen. IMHO
  • #584,306
  • Mar 17, 2021 3:34am Mar 17, 2021 3:34am
Quoting Marbas
{quote} Moty ia addicted. He wants every second and every his breath to be in the market with opened orders) This is a real problem of many newbie traders and is called overtrading. On Friday I said GU will seesaw forth and back and till FOMC there will be no even direction. And what we have now?) GU sits right there where it ended on Friday Why to try scalp few pips with high risk in flat and not to wait for strong driver, which could be a beginning of new wave/trend? I just dont get it, guys)
I think it depends on your appetite for risk and emotional control. If you start taking more trades then you start opening yourself to more potential losses/BE trades and hence frustration which is a dangerous place to be. If you can stay mindful of this and objective I don't think taking lots of trades is necessarily a problem. Just imo. As long as your trading fits your risk tolerance ie risk averse/neutral/lover. Its harder when you're discretionary as you have to calculate the risk/probabilities/payoff structure very quickly like a poker player and pot odds.

The dollar/10Y yields seem on the edge of breakout to me, if it does then we have some good space for a GU drop
  • #584,307
  • Mar 17, 2021 3:38am Mar 17, 2021 3:38am
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #584,308
  • Mar 17, 2021 3:38am Mar 17, 2021 3:38am
Quoting Marbas
{quote} Longs and Shorts are now 50/50. We are in range and anything can happen. IMHO
50% chance of rain. Shall I peg my washing out today?
Don't trade what you think. Just what you see!!!
  • #584,309
  • Mar 17, 2021 3:47am Mar 17, 2021 3:47am
Quoting Nd10
{quote} Countless bro. I'm not mocking MOTY please. I'm even losing now with shorts on GU
I know my friends
It's all good
If you are out from trade wait for break of 1.39288 or retrace to 1.39000 area to enter long
Attached Image(s) (click to enlarge)
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yes yes yes
  • #584,310
  • Mar 17, 2021 3:58am Mar 17, 2021 3:58am
Quoting mysterio
Still in supply here and another in the 1.3940s Loading short guns again Short 1.3912, SL to BE asap TP open {image}
The drop is here

Stop to BE
  • #584,311
  • Mar 17, 2021 3:59am Mar 17, 2021 3:59am
Bears defending accordingly 1.39320 could be the shift. However the breakout of 39500 could still be played to keep bull hopes alive. in Shortssss for another downward move.
Keep the Lights on then you can catch the rise from the dark.
  • #584,312
  • Mar 17, 2021 4:01am Mar 17, 2021 4:01am
Quoting gatenio
Sell limit 3930 30 pips sl, 80 pips tp.
Fuck!
  • #584,313
  • Mar 17, 2021 4:04am Mar 17, 2021 4:04am
Quoting Theoak
Longs Target 1.3935 {image}
how is this trade doing?
If you are new to Forex? Say Goodbye to your account!!
  • #584,314
  • Mar 17, 2021 4:04am Mar 17, 2021 4:04am
Quoting Moty
{quote} I know my friends It's all good If you are out from trade wait for break of 1.39288 or retrace to 1.39000 area to enter long {image} {image}
M15 possible for small sell now later maybe push back up

Attached Image (click to enlarge)
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Telegram - @TradesA12
  • #584,315
  • Mar 17, 2021 4:05am Mar 17, 2021 4:05am
1.3880 last support for bull
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #584,316
  • Mar 17, 2021 4:11am Mar 17, 2021 4:11am
G/M, sellers encountered @ top of what was a prev 30min minor sw hi zone only - now a prev 1hr sw hi zone=prev res=pot res..@ the 85.4% 3950-3809/61.8% 4005-3809....pullback to a prev minor 1hr sw hi zone = prev res = pot rbs. 1hr below.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #584,317
  • Mar 17, 2021 4:11am Mar 17, 2021 4:11am
Quoting ruben247
Can already see new South LOWS today. Anyone else see it? or you just wanna buy it up?
After luring in unsuspecting bulls, then it drops like a Rockefeller
  • #584,318
  • Mar 17, 2021 4:13am Mar 17, 2021 4:13am
Quoting KiwiTrada
{quote} how is this trade doing?
Not very well!!!
Don't trade what you think. Just what you see!!!
  • #584,319
  • Mar 17, 2021 4:18am Mar 17, 2021 4:18am
For those who likes fundamental drivers:
There is Canadian CPI today, I will watch PA on crosses GBPCAD and EURCAD.
Dont recommend to jump in USDCAD before FOMC, reaction there can be muted.
  • #584,320
  • Mar 17, 2021 4:26am Mar 17, 2021 4:26am
Quoting Theoak
{quote} Not very well!!!
mm no worries, was ironic, I was looking to short where you brought!!! but preferring cad/usd considering price index later
If you are new to Forex? Say Goodbye to your account!!
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