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Cable Update (GBPUSD)

  • #596,421
  • May 20, 2021 2:22pm May 20, 2021 2:22pm
Quoting goldfish3
taking a (probably bad) gamble for a short limit at 4195. 30 pip stop only. no TP {image}
Done.

As Moty Says "you shall not pass"
And as wavegarrick says "cyclical short"
  • #596,422
  • May 20, 2021 2:25pm May 20, 2021 2:25pm
Quoting goldfish3
{quote} Done. As Moty Says "you shall not pass" And as wavegarrick says "cyclical short"
It's a bold one! Good luck. I tried to fade this once today and feel lucky to have got out unscathed.
  • #596,423
  • May 20, 2021 2:26pm May 20, 2021 2:26pm
Quoting mysterio
{quote} It's a bold one! Good luck. I tried to fade this once today and feel lucky to have got out unscathed.
Lets see. G nite here from PK and best to you all.
  • #596,424
  • May 20, 2021 2:37pm May 20, 2021 2:37pm
Quoting mysterio
{quote} This is a pretty dead time in FX. Advise to switch it off and forget about opening positions after 17:00 BST. Volume will pick up again around 01:00 BST.
Why switch it off and forget? There are plenty of pips to make. For an experienced Cable trader this is an excellent scalping opportunity.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #596,425
  • May 20, 2021 2:40pm May 20, 2021 2:40pm
Quoting NotAtrader
{quote} Why switch it off and forget? There are plenty of pips to make. For an experienced Cable trader this is an excellent scalping opportunity.
You're too funny
  • #596,426
  • May 20, 2021 2:46pm May 20, 2021 2:46pm
Quoting NotAtrader
{quote} Why switch it off and forget? There are plenty of pips to make. For an experienced Cable trader this is an excellent scalping opportunity.
Sometimes it's good to have a reset removed of any biases. Just like a poker player can go "Full Tilt" there is something similar that can happen to traders, at least it happens to me. Maybe we identified what looked like a great opportunity that then gets invalidated but you still hold onto that bias and then open a bad trade.
  • #596,427
  • May 20, 2021 2:53pm May 20, 2021 2:53pm
Quoting mysterio
{quote} You're too funny
Exactly as funny as you are here:

https://www.forexfactory.com/thread/...5#post13541075

But that’s probably your nature. You become pretty unhappy every time some takes the initiative away from you. You should take it easy boy and accept the fact that you are not the only trader with capabilities here.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #596,428
  • May 20, 2021 2:55pm May 20, 2021 2:55pm
Quoting mysterio
{quote} You're too funny
Exactly as funny as you are here:

https://www.forexfactory.com/thread/...5#post13541075

But that’s probably your nature. You become pretty unhappy every time some takes the initiative away from you. You should take it easy boy and accept the fact that you are not the only trader with capabilities here. Everyone here is entitled to give advice without you throwing sarcastic comments.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #596,429
  • May 20, 2021 3:02pm May 20, 2021 3:02pm
Quoting NotAtrader
{quote} Exactly as funny as you are here: https://www.forexfactory.com/thread/...5#post13541075 But that’s probably your nature. You become pretty unhappy every time some takes the initiative away from you. You should take it easy boy and accept the fact that you are not the only trader with capabilities here.
Hey money machine! I've never once thrown shade on anyone on this thread- I'll leave that to you. My capabilities are modest at best, I'm a newbie with a few months experience- I just try and share what I can with hope that I can pass it forward. Yea my weekend call was off the mark this time- presumably as a money machine you get it correct 100% of the time? I've never claimed to be an expert- OK that post may have been a bit braggadocio but who doesn't get a bit pumped after winning a few bucks Anyway I've thrown you on ignore- I suggest you reciprocate.
  • #596,430
  • May 20, 2021 3:09pm May 20, 2021 3:09pm
In any case. I got hung up on the idea of going sub 1.41 last night. Had some profitable trades I let turn negative, Targeting 1.422 now where after I'll look for a fresh short
  • #596,431
  • May 20, 2021 3:14pm May 20, 2021 3:14pm
Ride the Beast is a Feast !

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  • #596,432
  • May 20, 2021 3:15pm May 20, 2021 3:15pm
Quoting mysterio
{quote} Hey money machine! I've never once thrown shade on anyone on this thread- I'll leave that to you. My capabilities are modest at best, I'm a newbie with a few months experience- I just try and share what I can with hope that I can pass it forward. Yea my weekend call was off the mark this time- presumably as a money machine you get it correct 100% of the time? I've never claimed to be an expert- OK that post may have been a bit braggadocio but who doesn't get a bit pumped after winning a few bucks Anyway I've thrown...
1. Thanks for being honest.
2. Oh well you believe that’s the way to becoming a good trader. Throwing me on ignore equals to throwing your chances to follow my steps to becoming a money machine.

Good luck newbie mysterio. There are still plenty of very good traders around here. I hope you have enough place in your ignore list for all of them.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #596,433
  • May 20, 2021 3:23pm May 20, 2021 3:23pm
USD appreciation looks to be gearing up, for cable 1 4200 seems to be line in the sand, bears are gathering au nu should show the way both have 4hr H&S printed gold similar with middle candle doji (bearish) 1875 74 73 still in play, time for entry and wait daily close, while entries are cheap !!
If you are new to Forex? Say Goodbye to your account!!
  • #596,434
  • May 20, 2021 3:26pm May 20, 2021 3:26pm
Quoting Nordling00
{quote} {quote} Yeah just as i expected yesterday looks like a pullback now. Of course we will see if it's going to pass these levels and make new higher highs. I think it will though, I am holding my long. Good luck everyone!
And you will be wrong.Buying after 400 pips rally, is the most risky thing a trader can do.First buyers are waiting at 1.40500, there, will be the first attempt to stop the beast.Till than, you missed a short opportunity for 200 pips.
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I'm The Real Deal Quant-XR ,The Financial Hacker
  • #596,435
  • May 20, 2021 3:29pm May 20, 2021 3:29pm
Quoting KiwiTrada
USD appreciation looks to be gearing up, for cable 1 4200 seems to be line in the sand, bears are gathering au nu should show the way both have 4hr H&S printed gold similar with middle candle doji (bearish) 1875 74 73 still in play, time for entry and wait daily close, while entries are cheap !!
eg au pa now 7772 (right shoulder) 7780(top of head ) entry sl 13pips :-) and wait
If you are new to Forex? Say Goodbye to your account!!
  • #596,436
  • May 20, 2021 3:36pm May 20, 2021 3:36pm
Quoting Pipa1
{quote} And you will be wrong.Buying after 400 pips rally, is the most risky thing a trader can do.First buyers are waiting at 1.40500, there, will be the first attempt to stop the beast.Till than, you missed a short opportunity for 200 pips.{image}
I am long since April mate. I bought it from 1.3940 and look carefully on what i have wrote there. I did not say i bought it here, i said i am holding my long position. I think it will go higher though. Up for a challenge? It will go up at least until 10th of June.

KA-CHOW!
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You have to have an IQ higher than 90 to interact with this user.
  • #596,437
  • May 20, 2021 4:41pm May 20, 2021 4:41pm
Quoting Pretense
{quote} Sometimes it's good to have a reset removed of any biases. Just like a poker player can go "Full Tilt" there is something similar that can happen to traders, at least it happens to me. Maybe we identified what looked like a great opportunity that then gets invalidated but you still hold onto that bias and then open a bad trade.
Poker ?? Agree

Know when to bet
Know when to hold
And know when to walk away

Trade with prediction = witch with her visions lol
  • #596,438
  • May 20, 2021 4:44pm May 20, 2021 4:44pm
Prepare for 1.4247/1.4270 tomorrow/Monday then massive crash to 1.3820 between 30th of May to 2nd of June...

Weird it may seem but do not overrule this.

Trade with utmost caution.
Data + Stat + Risk/Emotions Management
  • #596,439
  • May 20, 2021 4:54pm May 20, 2021 4:54pm
Nightly update for mtako's Crazy Inglorious Trades



Quoting mtako
Bought @ 4177 7 pips SL 299 pips TP !!!!!
TP reached in 287 pips



Quoting mtako
{quote} Bought .4182 SL 4pips TP 1166pips
TP reached in 1159 pips
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #596,440
  • May 20, 2021 4:59pm May 20, 2021 4:59pm
Hello guys!
This is my first post on forexfactor. I decided to join your beautiful community in order to get further knowledge from more experienced traders, share some trade ideas, and to participate in some friendly trading discussions.

About GBP/USD i am seeing a rounding bottom pattern on daily chart. If price will breakout the high near 1.42, it may be bullish and we can see price going up to 1.45. So at now i will be looking at price action in waiting mode. I might be wrong. Looking forward for your opinions.
Cheers
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