Cable Update (GBPUSD)

How many times will you try to break 1.37775 mf?

3781 short 10 pip stop

I know this thread is based on another topic but id like to hear your lot opinions on this topic, how long do you think retail traders will be bale to "access the market"?

Its been dawning on me lately, with all the crypto stuff kicking off and when WSB were fucking hedges funds over a month or two ago..

Everyone I know nowadays who is new goes down the funding route, which I totally understand why, but I never see the question what's the longevity of it, would regulations change, would it be banned across countries. Retail doesn't take up a huge % of market movement in cfd we know this but it is possible at a time in even the next decade or so we will be removed from being able to trade the exchange? and it be left to the big dogs at the banks.

But there is also the fact of the liquidity we bring to the table for the banks, being able to take advantage of the newcomers, brokerages and there fees, the education side (which I don't really wanna give the light of day to) etc

as its the saying of the triple 9 - 90% of traders lose 90% of their capital in 90 days.

from thousands if not 10 of thousands of people just chucking their money away to the next guy due to the lack of knowledge and skill they hold at that point

been watching over FF now for a couple years, seen people come and go, from good to bad

for me im sorted, fx has brung me a much more healthy and wealthy life, buy cool things, help family and live without pressures, but I love it, I don't wanna stop, im 20, I want to do a lot more ya know

and I don't wanna find out in x many years I gotta get a job at hedge fund to still do what I love.

hey I may have to found my own.

would love to hear from you lot

happy weekend

haven't shared trades for a while this was today

I will move my stop loss when the time to be 1 hour before the NY time close.

Hello joe.

Been awhile.

Nice having you around again

1.3760 wins the day (just 10 pips away)

Still on course for 1.35 this July...

10 pips away form target. After getting around 1.3760 it may go up to around 1.3850 for the good of our bull friends, but, who knows.

I will close the trade before NY close, even if it didn't get to target. I need peace of mind during the weekend.

Happy trading.

I will get 101 pips on my target but i will keep my position open on weekend

price nearly there . It has to close in that box and no over it to be able to be a dB . I think lol

the tl could be better

watch 67

I closed my shorts too early, now 100% positions net-long, so
Last thoughts/wishful thinking:
- Relative big volume clusters here (purple), might act as support next week.
- Sellers slowly pushing price lower, but buy-limits wall holding it, delta is positive
- Bullish pennant?
- Few bullish regular/hidden divergences on MACD, better seen on lower TF (5, 15)
- Last thing needed is trapped sellers at the bottom, who will sponsor the move up
- Expected range bounds work surprisingly well
- I'm a newb on my learning curve
Updated: positive delta at low is what I want to see in this case

If I was bullish biased at 3800, I am now even more bullish biased at 3760. Easy long into next week...3840-60 first target.

Looking at other pairs for clues and the candle setup of today...this NY drop is a setup into next week to me.

Gap up wouldn't surprise me.

I moved my stop to next top

Also this week no big changes
The Weekly candle is an Engulfing pattern, closing on its low, the lowest in a long time. A sign that the Bears have regained control in the last few days.



For the long-term entry, the references from 2 weeks ago remain in the event of a deeper upward retracement. Or even a breakout entry in case the market doesn't go up anymore.

On the Daily we see that we are in a sideways trend, normal before and after a fast price movement (market goes sideways for 70% of the time). It is the period where large investors open and close their positions. In lower TFs, it's a paradise for scalpers.


In the latest Cot Report (yellow box on the Daily chart) we see that even the Leveraged Funds (lagging behind the Asset Managers), have closed many long positions, but they still have a lot open.




Have a Great Week-end

Locked trades on pp and stops now , been a great week hope you have done well . 6 mins to go we might see a move in that time E out

Ah blue chip once more. Green pip weekend xD . I love the candle close. Next week maybe we can see a correction before more downer. I expected a good move on weekly and monthly .is half way to go. Next week 1.35 will be a good pointed. Last HL 1.38600 i would like that level being tested and move down again