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Cable Update (GBPUSD)

  • #613,501
  • Jul 31, 2021 3:30pm Jul 31, 2021 3:30pm
Evening all! Well yesterday I went from £900 up to hitting SL at £200 up.. lol oh well shit happens. The trip to the Lake District was amazing so back home now and I can concentrate on my trading plan for the week. 14 not tested yet so that is my overall target. like NavK mentioned first area for me too is 13920-30. I have a feeling if we don’t see 13950 soon 13820 area is on which would then let us see 140. Still have that long open from late Friday evening at 139 initial target for step one.

happy weekend all
Insane in the Brain..
  • #613,502
  • Jul 31, 2021 3:37pm Jul 31, 2021 3:37pm
Quoting Pat Chiko
{quote} Hello Navk, I read you comment, and it’s uncalled for to laugh at your fellow traders making a trade mistakes on hind sight. Only primary school children does that when others made mistakes, but as professional traders, we should give a positive encouragement for others to succeed not other wise. You post makes other aspiring traders in this thread afraid to post, coz they will be laughed when making a trading mistakes. Many will shy away to share their ideas and view for us to grow together as successful traders. Only handful of poster...
Can I have your red badge, apparently they are fetching a few quid on Ebay
  • #613,503
  • Jul 31, 2021 3:53pm Jul 31, 2021 3:53pm
Still an uptrend with a bearish top as the week closed, which may be bulls taking profit. Not in a trade currently and will watch to see how Monday morning plays out, there is some dissonance between the Heikin Ashi chart I use for setups which now permits selling, and the candlestick charts I actually trade. The renko chart shows bearish momentum but really I'd like to see a close below 1.384 on high volume. Next I'm anticipating a test of 1.394 and if resistance holds perhaps we will see more bearish movement. Open to whatever happens though as always.

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  • #613,504
  • Jul 31, 2021 4:05pm Jul 31, 2021 4:05pm
Quoting Pat Chiko
{quote} Hello Navk, I read you comment, and it’s uncalled for to laugh at your fellow traders making a trade mistakes on hind sight. Only primary school children does that when others made mistakes, but as professional traders, we should give a positive encouragement for others to succeed not other wise. You post makes other aspiring traders in this thread afraid to post, coz they will be laughed when making a trading mistakes. Many will shy away to share their ideas and view for us to grow together as successful traders. Only handful of poster...
Hi Pat excellent post and worded very will . I would alway sound out disrespectful posts and yes I do think Nav should of not put in the ha.ha post and I have never known him to be of a disrespectful character. I am sure you would retract that part if he could . Maybe he was laughing at himself for his past mistake .. we have all done and said things we retreat .. and a simple apology would suffice I think . So let us all take notice of Pars post and we trade as friends . There have been some a,, h..ls on this tread , another readying stoped posting but as of the past weeks and with all the traders you have mentioned it’s a better more community spirited thread with all traders having there opinions . I don’t think at this time we have anybody on this thread that is a .. a..h..l . Best regards as ever to all and we have a new month coming and every day is a new day remember my post last week .. just be nice to all them we will have a better world ..
  • #613,505
  • Jul 31, 2021 4:21pm Jul 31, 2021 4:21pm
Quoting elbert3
{quote} Morning Navin . How many years does your monthly chart show
Bit of a different view ole bud ,,,,, a few years of data ,,,,
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  • #613,506
  • Jul 31, 2021 4:30pm Jul 31, 2021 4:30pm
Quoting digger1
{quote} Bit of a different view ole bud ,,,,, a few years of data ,,,,{image}{image}{image}
Omg a blast from the past . How are you doing mate in this strange time . Glad to see you here . I have looked in at your postings just to see if your still alive lol . Welcome back . And for you guys who don’t know Digger he is another top trader . He buys tractors from his profits lol and we know how much they cost . I just buy a Bentley which is now gone Digger . To many dogs so back to merc est lol . Take it easy mate regards as ever B
  • #613,507
  • Jul 31, 2021 4:33pm Jul 31, 2021 4:33pm
Quoting elbert3
{quote} Omg a blast from the past . How are you doing mate in this strange time . Glad to see you here . I have looked in at your postings just to see if your still alive lol . Welcome back . And for you guys who don’t know Digger he is another top trader . He buys tractors from his profits lol and we know how much they cost . I just buy a Bentley which is now gone Digger . To many dogs so back to merc est lol . Take it easy mate regards as ever B
Holding my own ole bud ,,,,, definitely a bit different now a days ,,strange world , but as the saying goes , the more it changes ,the more it stays the same,,, was good to see your nic pop up a bit ,, and ole nav s too
  • #613,508
  • Jul 31, 2021 4:34pm Jul 31, 2021 4:34pm
Quoting digger1
{quote} Bit of a different view ole bud ,,,,, a few years of data ,,,,{image}{image}{image}
So let me see if I read your chart right . Your expecting a bounce long ?? Where in words do you think we are going to be next week mate .
  • #613,509
  • Jul 31, 2021 4:35pm Jul 31, 2021 4:35pm
Quoting digger1
{quote} Holding my own ole bud ,,,,, definitely a bit different now a days ,,strange world , but as the saying goes , the more it changes ,the more it stays the same,,, was good to see your nic pop up a bit ,, and ole nav s too
Lol you warm my heart we had some good posts a few years ago. Edit I forgot the Hic lol
  • #613,510
  • Jul 31, 2021 4:40pm Jul 31, 2021 4:40pm
Quoting elbert3
{quote} Lol you warm my heart we had some good posts a few years ago. Edit I forgot the Hic lol
Not really one I trade much any more ,,, if I was I would see how long it takes it to get itself dusted off here , for another crack at the hold up
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Weekly numbers ,new york gave er a pretty good thump on the head Friday few things there maybe worth watching for a dribble down too ,,would see how it opens
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  • #613,511
  • Jul 31, 2021 4:45pm Jul 31, 2021 4:45pm
Well you take it easy buddy . I am just watching some old holiday vids from the past . When Thailand’s baht was 45 to the pound lol . Great days and cheap then . So I will bid you good night as we carry on down memories lane until the world or if the world becomes open and safe again . Regards B
  • #613,512
  • Jul 31, 2021 4:52pm Jul 31, 2021 4:52pm
Quoting ntk
{quote} I think what he means is more Not good idea to leave pending order on a Sun market, you could be hit with large slippage and spread

LIQUIDITY GRAB!!!
My telegram: https://t.me/avidforex
  • #613,513
  • Jul 31, 2021 6:31pm Jul 31, 2021 6:31pm
All i know is this is a great thread, and i wish i had the strenghth to post my positions. Unfortunately, after 14 years of live trading forex, (Mostly gu, and sometimes uj) and finally become profitable after all the years of losses, i am still not confident or knowledgeable enough to share my instincts, not to mention i'm gutless, which have finally begun to produce. This thread, made up of some real fine folks i am excited to read from, Thank you all.
Forever learning....
  • #613,514
  • Jul 31, 2021 9:56pm Jul 31, 2021 9:56pm
Quoting Pat Chiko
{quote} Hello Navk, I read you comment, and it’s uncalled for to laugh at your fellow traders making a trade mistakes on hind sight. Only primary school children does that when others made mistakes, but as professional traders, we should give a positive encouragement for others to succeed not other wise. You post makes other aspiring traders in this thread afraid to post, coz they will be laughed when making a trading mistakes. Many will shy away to share their ideas and view for us to grow together as successful traders. Only handful of poster...
The correct trade was this one.
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  • #613,515
  • Aug 1, 2021 1:12am Aug 1, 2021 1:12am
I posted this picture a little while back, please take a couple of minutes to reflect on this before posting
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  • #613,516
  • Aug 1, 2021 2:18am Aug 1, 2021 2:18am
If one looks at diggers Gbpusd chart 180 minute white circle. This circle shows where price will react since it represents a level of support.
  • #613,517
  • Edited 3:59am Aug 1, 2021 2:33am | Edited 3:59am
Quoting hosemaster
All i know is this is a great thread, and i wish i had the strenghth to post my positions. Unfortunately, after 14 years of live trading forex, (Mostly gu, and sometimes uj) and finally become profitable after all the years of losses, i am still not confident or knowledgeable enough to share my instincts, not to mention i'm gutless, which have finally begun to produce. This thread, made up of some real fine folks i am excited to read from, Thank you all.
my friend plz dont use these words regarding yourself, not confident, nor knowledgeable & gutless, u need to dispate these belief about yourself, release or exchange them for positively charged ions.
U might not realise it but this is holding you back, your thoughts will project themselves in how u manage your trades and also your trade setups
You are an amazing trader because u have been in the game for 14 years...be positive

Invest learning now in your mind...and these will take your trading to places where u will be complete or find the necessary solutions to your fears
Now lets make some pips

Edit:- please share your idea, charts...we will support one another. I love trading, the game because we face the ultimate opponent, ourselves
  • #613,518
  • Aug 1, 2021 2:47am Aug 1, 2021 2:47am
Trading is about learning. Anything can be learnt. Learning takes time and effort. Success requires perseverance through failure or disillusionment. Having the energy and discipline to continue when all seems futile. One only really fails when one gives up.
Never give up, if someone could then why can’t I.
  • #613,519
  • Edited 3:22am Aug 1, 2021 2:59am | Edited 3:22am
Quoting elbert3
{quote} Hi Pat excellent post and worded very will . I would alway sound out disrespectful posts and yes I do think Nav should of not put in the ha.ha post and I have never known him to be of a disrespectful character. I am sure you would retract that part if he could . Maybe he was laughing at himself for his past mistake .. we have all done and said things we retreat .. and a simple apology would suffice I think . So let us all take notice of Pars post and we trade as friends . There have been some a,, h..ls on this tread , another readying stoped...
Saturdays and Sundays are the days to look back what happened and what we did correctly and what we did wrong.

Both technically and psycology wise.

Of course the losses will damage self confidence. During this process, we must stop finding fault in others but try to retrospect ourselves.

This is essential for the next week, next month.

Infact, what i wanted to convey is the samething since London open.

Friday is week end and this Friday happened to be month end.

Over the years, I have seen more volatile situation during Friday and Month ends. That is why my post.

Monday is new week, new Month. New set ups are always available on open.

That post was not addressed to Pat but for all of us including me. Unfortunately Pat prefered to reply as if that post was meant for him.

I can not help it.

I just informed him to look at my posts positively That is all I can do.
Intraday only.
  • #613,520
  • Aug 1, 2021 3:05am Aug 1, 2021 3:05am
A successful person always wants to uplift. The world is built on those who want to see the next fail.
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