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Cable Update (GBPUSD)

  • #613,641
  • Aug 2, 2021 2:21am Aug 2, 2021 2:21am
As we begin another journey to find profitable trades......


"problem is everyone thinks they are right."

In fact my friend.
everyone is wrong. I err lots too.
but we try best practices not to be too far off to the extreme wrong end (absolute rigidity)and get punished for it.

All sinned come short of the glory.
Some days are diamonds , some days are stones. ( I stole this line from John Denver) .
Just be the best you can be.

PAT

02nd Aug 2021
Kuala Lumpur
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #613,642
  • Aug 2, 2021 2:22am Aug 2, 2021 2:22am
Quoting Pat Chiko
{quote} Wow, Even you put a bear pictures, you still have one thumb down..... Somebody must be laughing at you for that... Ha ha..... {image}
Chiko when you both ( feat waveskierrob ) came across on this thread I laughed, thanks man it really cheered me up lol
Daddy, Brother, Lover, Little Boy
  • #613,643
  • Aug 2, 2021 2:23am Aug 2, 2021 2:23am
Quoting mysterio
{quote} Thanks man, I learn a lot from your postings please keep up the good work Yes- being patient and selective is the real key.. I can find a good trade no problems it's just being selective to take only the strongest ones that is an ongoing issue for me, but it is getting better. I find stepping away from the screen helps, giving yourself distractions/hobbies to work on whilst you keep an eye on your target areas on the phone or whatever. Maybe trying only to do 1/2 deals a day helps too
setting alarms also helps.
  • #613,644
  • Aug 2, 2021 2:23am Aug 2, 2021 2:23am
Quoting W0lfram
Sold gold, targeting the gap. {image}
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Air force
  • #613,645
  • Aug 2, 2021 2:26am Aug 2, 2021 2:26am
Quoting BeeTogether
Morning all! On the 4H I’m seeing a potential move up towards 141 {image}

Good morning BeeTogether.

We may see that too , possible moving higher ground for getting more honey.

Great Chart anyway.

Love it

Regards

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #613,646
  • Aug 2, 2021 2:27am Aug 2, 2021 2:27am
No matter how awful your yesterday was, you always have next to start with a fresh mindset and make your dreams come true. Wishing you an exciting good day full of mirth.
Intraday Trading is an Art _ hoda
  • #613,647
  • Aug 2, 2021 2:29am Aug 2, 2021 2:29am
May be.....
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  • #613,648
  • Aug 2, 2021 2:31am Aug 2, 2021 2:31am
Quoting Pat Chiko
{quote} Wow, Even you put a bear pictures, you still have one thumb down..... Somebody must be laughing at you for that... Ha ha..... {image}
Attached Image
  • #613,649
  • Aug 2, 2021 2:31am Aug 2, 2021 2:31am
Quoting MTF Test
{quote} Hey Navk. What happened to you man. I guess you're not thinking straight today. Did dopamine get to you?
I got stopped out twice.

First time 11 pips, second time 6 pips.

It is ok to me.

As some one said, retracing back now will be more bearish..of course below 3950/60 for this week.
Intraday only.
  • #613,650
  • Aug 2, 2021 2:34am Aug 2, 2021 2:34am
Quoting Mr.Burger
{quote} Chiko when you both ( feat waveskierrob ) came across on this thread I laughed, thanks man it really cheered me up lol
He's trying to steal my Stalker/Haters.

I'm not going to allow that to happen.




" Just one smile Immensely increases the beauty Of the universe. "
(stole this somewhere, but couldn't find the source ..lol)
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #613,651
  • Aug 2, 2021 2:34am Aug 2, 2021 2:34am
Quoting 9jatrader
A short already on 1hr for quick TP- moving SL to BE tonight {image}
Am out.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #613,652
  • Aug 2, 2021 2:35am Aug 2, 2021 2:35am
Quoting Pat Chiko
{quote} Good morning BeeTogether. We may see that too , possible moving higher ground for getting more honey. Great Chart anyway. Love it Regards PAT
Cheers mate, I am a bit sceptical though as the move towards there will undoubtably be a roller coaster.

first target is 13930-50 and then depending on the trend line I will go short to around the 13820-50 area. Before swing to long again.
Insane in the Brain..
  • #613,653
  • Aug 2, 2021 2:39am Aug 2, 2021 2:39am
Quoting gabolan3
Hello friends ,Today Monday we have seen sellers @ 1.3866 below price losing control to buyers who are @ 1.3887 just around te previous Thursday and Friday highs where buyers were denied. Today's European trading session has bullish sentiment as we expect price to hold above 1.3949 but the North america session coming bearish and price is expected to close below 1.3875 if price is unable to make a high of 1.3984 minimum before the key event release at 2;00 pm GMT. Happy trading.

Thanks for your great post Gobalan,

As always , you're very aspiring traders in this thread and your post are really great.

I think the holy grail for new traders is to find out the why behind the decision of successful traders.

Keep it up Gobalan.

We all love to read your views and ideas.

Regards

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #613,654
  • Aug 2, 2021 2:41am Aug 2, 2021 2:41am
Quoting W0lfram
I continue to add to the net-short position as mid/long term play, carefully scalping buys in between. Maybe it'll tap 1.403? Watching this and ~1.4047 as possible next levels to add shorts{image}
Re GU
Long term plan
Unfinished auctions:
{1.3717, 1.3673, 1.361} gonna be my targets

And we had one @ 1.393 from Friday, added shorts
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Air force
  • #613,655
  • Aug 2, 2021 2:47am Aug 2, 2021 2:47am
Quoting W0lfram
{quote} Re GU Long term plan Unfinished auctions: {1.3717, 1.3673, 1.361} gonna be my targets And we had one @ 1.393 from Friday, added shorts{image}{image}
Nice footprints Wolfram I'm starting to look at these for my scalping, no doubt i'll be hitting you up with questions..is it working out for you?
  • #613,656
  • Aug 2, 2021 2:48am Aug 2, 2021 2:48am
Quoting mysterio
{quote} Thanks man, I learn a lot from your postings please keep up the good work Yes- being patient and selective is the real key.. I can find a good trade no problems it's just being selective to take only the strongest ones that is an ongoing issue for me, but it is getting better. I find stepping away from the screen helps, giving yourself distractions/hobbies to work on whilst you keep an eye on your target areas on the phone or whatever. Maybe trying only to do 1/2 deals a day helps too
That's definitely help a lot improving your trading decision.

As we move along, a lot of new traders are interested, not to just signal, but the trade process, on how and Why we took the trade/s.
In order to help the new trader I think it is more important to outline the "why" rather then saying "this".

Some of your views are quite valid.
I agree with you that success or otherwise is determined to a large extent by the quality of decisions taken by an individual.
However, a clear understanding of the issues involved in any endeavor would greatly assist the quality of decisions taken by the person taking that decision.

The essence of our postings is to share our ideas with a view to helping others and listening to opposing views that would assist in identifying some of the flaws in my argument and improving on them.

Trading the technique is a complete package.

Take care my friend, you will grow as great trader someday.

Regards

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #613,657
  • Aug 2, 2021 2:49am Aug 2, 2021 2:49am
FRom daily pivot to weekly pivot
My deposit is here
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yes yes yes
  • #613,658
  • Aug 2, 2021 3:11am Aug 2, 2021 3:11am
Quoting Moty
FRom daily pivot to weekly pivot My deposit is here {image}
I am short below pivot.

My stops 3950.

This is my original plan on friday.

Target 3865 today
Intraday only.
  • #613,659
  • Aug 2, 2021 3:21am Aug 2, 2021 3:21am
I was opportune to learn something that changed my mind about everything in the market..
Think about it for a second; we are trading against the big institutions and Banks... and often times they manipulate the market and take our money (The Retail Trader's MONEY)
Once we can learn to figure out when the Banks and Intuitions ORDER FLOW (i.e when their ORDER is now moving in the direction intended) then we have an edge in the market and as such, we can go alongside with them. Its a SIN in Forex Trading to try Pick TOPs AND BOTTOMS because you don't have that money to hold the Trade (i.e LARGE STOP LOSS); it will be manipulated by the banks and institutions

For you to succeed you have to be VERY SMART..

Price at the moment is still deciding on where to go... the Banks haven't decided, according to what I'm seeing... there are weak holders in the market>>>>left (BUYERS) and right (SELLERS)... and as a result it may be trap in the purple BOX today....
NOTE: Prices may not get to TP2 and then again return to the base of the purple box, there you can buy again... do not buy from the middle....
Attached Image (click to enlarge)
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My telegram: https://t.me/avidforex
  • #613,660
  • Aug 2, 2021 3:23am Aug 2, 2021 3:23am
Quoting BigNumbers
I was opportune to learn something that changed my mind about everything in the market.. Think about it for a second; we are trading against the big institutions and Banks... and often times they manipulate the market and take our money (The Retail Trader's MONEY) Once we can learn to figure out when the Banks and Intuitions ORDER FLOW (i.e when their ORDER is now moving in the direction intended) then we have an edge in the market and as such, we can go alongside with them. Its a SIN in Forex Trading to try Pick TOPs AND BOTTOMS because you don't...
How much for the course??
How to succeed in zero sum game?
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