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Cable Update (GBPUSD)

  • #603,781
  • Jun 19, 2021 2:12am Jun 19, 2021 2:12am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 16 KB
yes yes yes
  • #603,782
  • Jun 19, 2021 3:31am Jun 19, 2021 3:31am
Quoting nAVIN2007
{quote} I don't think it is a surprise I advise any1 if this thing rises sell I have had the opportunity to think about things. And have come to the conclusion, I knew this thing is going to fall hard, infact I was trading it, everything was going to plan..but I got distracted, closed a GBP position instead of closing gold, then got upset with myself and closed everything! But even at the point of closing I was watching this thing fall and I did not think sell.. infact i decided to buy gold thinking, gold is a safer bet..I even did a few buys scalps..but...
I haven’t read Thinking Fast And Slow by Daniel Kahneman yet but heard of the concept and have been thinking about it more and more recently. Read this today and it was really helpful - I think it would help you a lot too.
https://fourminutebooks.com/thinking...-slow-summary/

I did a similar thing closing a short before FOMC in spite of being very sure of a drop, and although I caught some of the move later and had some good scalps on the way down I keep wondering why the hell I didn’t just hold a big position from the beginning, I marked 1.38 straight away and even posted that here, yet my Fast system took over and ‘played it safe’ scalping while my Slow system screamed ‘it is safe - you fool!’
  • #603,783
  • Jun 19, 2021 4:51am Jun 19, 2021 4:51am
Quoting Vincent1
{quote} As expected in the analysis of the past few weeks, the trend has turned bearish. The Rounding Top has been confirmed. The market absorbed all the buyers and we have the big red candle, as expected. In the next few days/weeks we must understand if the Double Top is also confirmed which can bring us below 1.31 Dow in his theory said: The Market Discounts Everything (It's been about 130 years ago and this still works. Do you understand the power of technical analysis?) The FOMC only confirmed the expectations of big investors who were buying...
great analysis again mate! It will be interesting to see
if BoE look at increasing rates to curb inflation
Insane in the Brain..
  • #603,784
  • Edited 6:19am Jun 19, 2021 5:32am | Edited 6:19am
Quoting Bainbrito
{quote} I haven’t read Thinking Fast And Slow by Daniel Kahneman yet but heard of the concept and have been thinking about it more and more recently. Read this today and it was really helpful - I think it would help you a lot too. https://fourminutebooks.com/thinking...-slow-summary/ I did a similar thing closing a short before FOMC in spite of being very sure of a drop, and although I caught some of the move later and had some good scalps on the way down I keep wondering why the hell I didn’t just hold a big position from the beginning,...
it comes down to fear of losing money for me, the fear stops me from staying in if I try to scalp. But if I trade long term, I'm more confident because my analysis is well thought out with a good R:R...I seems to have balls in this scenario LOL

& I can stay in. but for sure when the price is moving south, my brain is looking at options to buy instead of sell which will not help me build a balance. All in all I can still trade and have learned more weakness which I need to find answers too

Thanks buddy
  • #603,785
  • Jun 19, 2021 8:44am Jun 19, 2021 8:44am
Hey guys, i dunno what this forum is all about. but i think i need to share some analysis of GBPUSD with my own methodology with you. if i say i need to share, i'm addicted to draw attentions LOOOOL.
alright let's take a look at it

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD (Daily).png Size: 46 KB
this is a daily chart of GBPUSD

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD (Weekly).png Size: 62 KB
and wow let's take a look at how it will move in the future (Weekly Chart)
EQR Trader
  • #603,786
  • Jun 19, 2021 1:23pm Jun 19, 2021 1:23pm
I cannot believe that i have missed this free fall...
  • #603,787
  • Jun 19, 2021 1:24pm Jun 19, 2021 1:24pm
Quoting mysterio
Take out all your money from your forex account. Put it on 6-0 Scotland win. Thank me later {image}
I feel a swirl of pity to whoever took this advice.
when you can accurately predict the future, you leave nothing to chance.
  • #603,788
  • Jun 19, 2021 2:18pm Jun 19, 2021 2:18pm
Quoting zizoo
{quote} I feel a swirl of pity to whoever took this advice.
he was just kidding..
Insane in the Brain..
  • #603,789
  • Jun 19, 2021 10:56pm Jun 19, 2021 10:56pm
For all you fathers in here, I want to wish you a happy Father's Day.
Learn from your mistakes and march on.
  • #603,790
  • Jun 20, 2021 1:40am Jun 20, 2021 1:40am
Quoting Vixeny
Hey guys, i dunno what this forum is all about. but i think i need to share some analysis of GBPUSD with my own methodology with you. if i say i need to share, i'm addicted to draw attentions LOOOOL. alright let's take a look at it {image}this is a daily chart of GBPUSD {image}and wow let's take a look at how it will move in the future (Weekly Chart)
Is it QUANTS? Could you let your tools run on
AUDJPY and GBPCHF?
  • #603,791
  • Jun 20, 2021 3:34am Jun 20, 2021 3:34am
weekly chart self-explanatory without words;-)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 61 KB
trading is like dancing, don't think and just listen to the music!
  • #603,792
  • Jun 20, 2021 4:46am Jun 20, 2021 4:46am
I will be patient
I will be patient
I will be patient
I will be patient
I will be patient
I will be patient
I will be patient
I will be patient
I will be patient
I will be patient
I will be patient

i will not enter before lo
i will tp when it reverse and don't loss instead
tomorrow will be the first day of my life as a profitable trader
come on , i can do this
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 44 KB


this is why i lost on Friday instead of winning
price reverse at 1796 when my tp was at 1799
Attached Image (click to enlarge)
Click to Enlarge Name: gold1.png Size: 16 KB
yes yes yes
  • #603,793
  • Jun 20, 2021 5:26am Jun 20, 2021 5:26am
Quoting Moty
I will be patient I will be patient I will be patient I will be patient I will be patient I will be patient I will be patient I will be patient I will be patient I will be patient I will be patient i will not enter before lo i will tp when it reverse and don't loss instead tomorrow will be the first day of my life as a profitable trader come on , i can do this{image} this is why i lost on Friday instead of winning price reverse at 1796 when my tp was at 1799 {image}...




Intraday Trading is an Art _ hoda
  • #603,794
  • Jun 20, 2021 5:29am Jun 20, 2021 5:29am
Quoting Moty
I will be patient I will be patient I will be patient I will be patient I will be patient I will be patient I will be patient I will be patient I will be patient I will be patient I will be patient i will not enter before lo i will tp when it reverse and don't loss instead tomorrow will be the first day of my life as a profitable trader come on , i can do this{image} this is why i lost on Friday instead of winning price reverse at 1796 when my tp was at 1799 {image}...

You can do it bro
Insane in the Brain..
  • #603,795
  • Jun 20, 2021 7:12am Jun 20, 2021 7:12am
Quoting Moty
I will be patient I will be patient I will be patient I will be patient I will be patient I will be patient I will be patient I will be patient I will be patient I will be patient I will be patient i will not enter before lo i will tp when it reverse and don't loss instead tomorrow will be the first day of my life as a profitable trader come on , i can do this{image} this is why i lost on Friday instead of winning price reverse at 1796 when my tp was at 1799 {image}...
i remember you put SL on this one, did you cancel the SL ?
another margin call?
  • #603,796
  • Jun 20, 2021 7:16am Jun 20, 2021 7:16am
Quoting Waveskierrob
{quote} I'm BUYING and I'm SELLING, no atmos in the pubs anymore , prefer to drink at home, away next week so won't be posting as much, I can hear the cheers through the keyboard already
Thanks, that would be a relieve for Maheeee...

Hope your father's day doesn't turned out like this.


Attached Image
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #603,797
  • Jun 20, 2021 7:18am Jun 20, 2021 7:18am
This Sessions indicator is free and works without any restrictions.
Allow import of DLLs.

Indicator shows session box only on the m30 time frame or lower.
On higher time frames there is only one line of the next session open time.
This is due the fact that sessions box is very small on the H1 time frame and higher.
Attached File(s)
File Type: ex4 TradingSession.ex4   92 KB | 270 downloads
Intraday Trading is an Art _ hoda
  • #603,798
  • Jun 20, 2021 7:53am Jun 20, 2021 7:53am
Quoting hoda
This Sessions indicator is free and works without any restrictions. Allow import of DLLs. Indicator shows session box only on the m30 time frame or lower. On higher time frames there is only one line of the next session open time. This is due the fact that sessions box is very small on the H1 time frame and higher. {file}
i used it before, very good for traders who trade LO to LO or LC to LC.
i found it good in the past, but prefer other strategies
  • #603,799
  • Jun 20, 2021 8:12am Jun 20, 2021 8:12am
I see the drop still in progress due to the negative acceleration that price has now. All that inertia would require some strength to be stopped.

So, for the next weeks, it is not crazy assuming that prices have a higher probability of falling a bit more down to some area between 1.36 and 1.3752 for instance.

The current negative vector hits my optimistic target on Jul 21th, but I think that it is more related to kind of equillibrium and a ready-to-go status for this specific pair.

I also think that hedgers will come in later to readjust their portfolios and that will be seen as a bounce back up into the 1.403 level.

Therefore, schematically, this is how I am looking at the GU D1 chart right now, today at this precise hour. This assumption will change as price evolves obviously.

But, for now, we have what we have.
Attached Image (click to enlarge)
Click to Enlarge Name: 3ecd0bec2428f8d9d7794aa9b16886f7.png Size: 125 KB
  • #603,800
  • Jun 20, 2021 10:25am Jun 20, 2021 10:25am
Quoting Pat Chiko
{quote} Thanks, that would be a relieve for Maheeee... Hope your father's day doesn't turned out like this. {image}
Been there, done that, they are all grown up now
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