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Cable Update (GBPUSD)

  • #606,521
  • Jul 2, 2021 4:30am Jul 2, 2021 4:30am
Quoting Pat Chiko
{quote} GU Very uncomfortable warm up. Shake Out,. (In my opinion). buyer will get fatigue, with this period of indecision to shake the weak holder and throw out non-confident traders. Not only will this give the traders a fair shake but it will teach them about the market. Traders who have good experience have had bad experiences will learn from both. The biggest secret to making profits is time. Shake out is just like bully, big money push retail traders out of the game by using their power (money) {image}
I closed mine in the shakeout.
  • #606,522
  • Jul 2, 2021 4:31am Jul 2, 2021 4:31am
Quoting Pat Chiko
{quote} GU Very uncomfortable warm up. Shake Out,. (In my opinion). buyer will get fatigue, with this period of indecision to shake the weak holder and throw out non-confident traders. Not only will this give the traders a fair shake but it will teach them about the market. Traders who have good experience have had bad experiences will learn from both. The biggest secret to making profits is time. Shake out is just like bully, big money push retail traders out of the game by using their power (money) {image}
Agreed. I would love to see DXY hit 92.832 before NY and GU hold its horses(low). If it happens I'm definetly buying @ NY Session before news.
EDIT: DXY reaching its range would make me more comfortable in GU buys.
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How to succeed in zero sum game?
  • #606,523
  • Jul 2, 2021 4:40am Jul 2, 2021 4:40am
Quoting hoda
{quote} wise decision

Hi Hoda,

Sometimes, I'm lost too in making decision. lol

But , at the core of every success and failure there is a belief at work.
Our successes and failures in life are attributed to our beliefs.
Just to make my point what is a belief and how it can make or break us read the following example.

A student in a mathematics class room went to sleep on his desk.
When he woke up he found two problems written on the black board.
He assumed that as he was asleep the teacher might have given this as a home work assignment.
He noted them down and struggled all weekend to solve them.
He could do only one and could not solve the other.
On Monday morning he came to the teacher and told him that he could not solve one of the problems given for homework.
The teacher stared at him in disbelief.
The teacher said he did not give any home work.
The two problems he had written on the blackboard were written there to tell the students that they are IMPOSSIBLE to solve.
How did you do even one of them?

The point of the whole story is that if the student had known beforehand that this problem is impossible to solve he wouldn’t be able to solve even one of them. Because he had a belief that this cannot be solved and he might not have even tried to tackle any of them.

There is no one that can help me but me and I'm on my own.
That simple belief is worth a million dollars which I could not have achieved without that spending of money or time.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #606,524
  • Jul 2, 2021 4:41am Jul 2, 2021 4:41am
Quoting Moty
{image}
Not bad your Fx Trend indicator apllied on M5. can you post it?
Thank you
  • #606,525
  • Jul 2, 2021 4:41am Jul 2, 2021 4:41am
waiting for news
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Intraday Trading is an Art _ hoda
  • #606,526
  • Jul 2, 2021 4:53am Jul 2, 2021 4:53am
GU Renko Up date.
The drop is over extended. I don't like to short again also if the price can reach 1.3675/1.37. Wait for a clear reaction of trend change, maybe next week or after NFP.

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  • #606,527
  • Edited 5:21am Jul 2, 2021 5:07am | Edited 5:21am
what now..nfp day ..
still zero trade
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Trade with prediction = witch with her visions lol
  • #606,528
  • Jul 2, 2021 5:20am Jul 2, 2021 5:20am
Attached Image (click to enlarge)
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yes yes yes
  • #606,529
  • Jul 2, 2021 5:21am Jul 2, 2021 5:21am
Quoting chess king
GJ 30m chart H&S formed
147.580
  • #606,530
  • Jul 2, 2021 5:22am Jul 2, 2021 5:22am
Quoting 19monza64
{quote} Not bad your Fx Trend indicator apllied on M5. can you post it? Thank you
Attached File(s)
File Type: mq4 ForexTrend.mq4   3 KB | 394 downloads
yes yes yes
  • #606,531
  • Jul 2, 2021 5:25am Jul 2, 2021 5:25am
Quoting dempire1
{quote} Agreed. I would love to see DXY hit 92.832 before NY and GU hold its horses(low). If it happens I'm definetly buying @ NY Session before news. EDIT: DXY reaching its range would make me more comfortable in GU buys. {image}
Definetly not buying it today
How to succeed in zero sum game?
  • #606,532
  • Jul 2, 2021 5:25am Jul 2, 2021 5:25am
Risky Buy added now. Lets see
  • #606,533
  • Jul 2, 2021 5:26am Jul 2, 2021 5:26am
The Pound Dollar is moving lower and lower, now the key level is 1.3740 and a break below it means the continuation and extension of the downtrend. At the same time, the price will not have an impact with a strong support up to 1.3670, but this requires a strong impulse, which may be provided during the NFP today. If the news strengthens the dollar, then a correction will begin within the current downtrend channel.
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  • #606,534
  • Jul 2, 2021 5:27am Jul 2, 2021 5:27am
Quoting dimitricss
what now..nfp day .. still zero trade {image}
It would be wiser to trade after the news comes out
Intraday Trading is an Art _ hoda
  • #606,535
  • Jul 2, 2021 5:29am Jul 2, 2021 5:29am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #606,536
  • Jul 2, 2021 5:30am Jul 2, 2021 5:30am
G/M, asian session up the down, London so far down, up, then down again - now deeper into that prev 4hr/dly sw lo zone that extends down to 3715 thru which the 23.6% of longer-term move 2074-4249 runs circa 3734, then Dly S1 circa 3731. Current dly lo = 3740. U.s NFP later.

Below here and the prev dly/wkly/minor mthly sw lo zone to 3669 lies in wait (coexistent with a prev 4hr sw lo zone 3707-3694) - this zone to 3669 a potentially more 'significant' potential support zone with Dly S2 circa 3700, and 3689 is 50% of the 3133-4249 move and Wkly S2 circa 3673. Mthly S1 is just below the prev sw lo to 3669 circa 3663.


1hr below.
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Trader with an Edge.
  • #606,537
  • Jul 2, 2021 5:30am Jul 2, 2021 5:30am
There will definity be conflict today. Reason: Nonfarm/ Unemployment news and as well OPEC meeting. I'm thinking there may or may not be heavy impact.
  • #606,538
  • Jul 2, 2021 5:33am Jul 2, 2021 5:33am
Quoting Pat Chiko
{quote} GU Very uncomfortable warm up. Shake Out,. (In my opinion). buyer will get fatigue, with this period of indecision to shake the weak holder and throw out non-confident traders. Not only will this give the traders a fair shake but it will teach them about the market. Traders who have good experience have had bad experiences will learn from both. The biggest secret to making profits is time. Shake out is just like bully, big money push retail traders out of the game by using their power (money) {image}

GU

Red army swamp my camp.

Massive bombardment and trying holding on to Stop loss.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #606,539
  • Jul 2, 2021 5:37am Jul 2, 2021 5:37am
Quoting Nd10
Risky Buy added now. Lets see
Not doing anything is a trading decision too, why put on a trade if you know it's risky? The impatient/boredom trades will kill your account
  • #606,540
  • Jul 2, 2021 5:40am Jul 2, 2021 5:40am
Jaybag's Target 1.37146 is about to reach so perfect , big shoutout to you buddy keep it up
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