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Cable Update (GBPUSD)

  • #624,921
  • Sep 22, 2021 2:17am Sep 22, 2021 2:17am
Quoting jezzode
{quote} Ha, tempting right - there's actually a strong correlation between retail sentiment vs price No surprises that it's an opposite correlation!
Yeah, I did my little research with FF sentiment and price, correlation was -0.3. There is a post somewhere.
So called retail crowd can't be always wrong, they have to feed us sometimes.
Actually looking at volume, looks like passive buyers slowly stepping in, may be closing short positions. And huge positive delta since Monday. Waiting for a good momentum up
Air force
  • #624,922
  • Sep 22, 2021 2:21am Sep 22, 2021 2:21am
Staying out for now. Accounts will crash.
Let's see where we go, possible both ways, down first than up. Us dollar expectations are high, moves uncertain uncontrolled until we see better picture.
Trade safe all.
  • #624,923
  • Sep 22, 2021 2:36am Sep 22, 2021 2:36am
SOLD 1.3652 no sl no tp 3rd time lucky
  • #624,924
  • Sep 22, 2021 2:38am Sep 22, 2021 2:38am
Hello Guys, here are some tips that I feel may be helpful in our various trading paths:-

✓ Do not trade with money you cannot afford to lose as it will mess up your emotions;
✓ When your emotions are overriding your well planned executions then loss and stagnancy will be unavoidable;
✓ Remember the price structure is always changing and you need to modify your strategies to align with these changes so you don't get caught out with plethora of losses before realizing it;
✓ Do not make forex your only source of income if you don't have large capital which will enable you to apply strict money management and yet still be profitable to meet your needs;
✓ Know that there is no short cut in forex, you need at least 5 years trading experience to have experienced 75% of various trend scenarios;
✓ Identify highly experienced traders and learn from them but do not over depend on them as sometimes they too may struggle;
✓ Remember a quarter of the year profit doesn't make you forex god, be humble to know that the higher your profit goes, the more fight is needed to keep it, as overconfidence may be your doom;
✓ Diversification will help your forex career blossom as you will be afforded the luxury of cash flow to keep your trading going with great deal of consistency.
✓ Never ever give up, as years of losses can be recovered with large profit within the confines of discipline, consistency and relentless research.

Cheers,
George.
Data + Stat + Risk/Emotions Management
  • #624,925
  • Sep 22, 2021 2:42am Sep 22, 2021 2:42am
Quoting Georginson
Hello Guys, here are some tips that I feel may be helpful in our various trading paths:- ✓ Do not trade with money you cannot afford to lose as it will mess up your emotions; ✓ When your emotions are overriding your well planned executions then loss and stagnancy will be unavoidable; ✓ Remember the price structure is always changing and you need to modify your strategies to align with these changes so you don't get caught out with plethora of losses before realizing it; ✓ Do not make forex your only source of income if...
very nice motivation indeed.!!!
Cheers
  • #624,926
  • Sep 22, 2021 2:42am Sep 22, 2021 2:42am
BE hitted , awaiting more dip 1.36200
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #624,927
  • Sep 22, 2021 2:42am Sep 22, 2021 2:42am
Quoting Georginson
Hello Guys, here are some tips that I feel may be helpful in our various trading paths:- ✓ Do not trade with money you cannot afford to lose as it will mess up your emotions; ✓ When your emotions are overriding your well planned executions then loss and stagnancy will be unavoidable; ✓ Remember the price structure is always changing and you need to modify your strategies to align with these changes so you don't get caught out with plethora of losses before realizing it; ✓ Do not make forex your only source of income if...
Definitely this one
"✓ Remember a quarter of the year profit doesn't make you forex god, be humble to know that the higher your profit goes, the more fight is needed to keep it, as overconfidence may be your doom;"
  • #624,928
  • Sep 22, 2021 2:43am Sep 22, 2021 2:43am
Quoting Georginson
Hello Guys, here are some tips that I feel may be helpful in our various trading paths:- ✓ Do not trade with money you cannot afford to lose as it will mess up your emotions; ✓ When your emotions are overriding your well planned executions then loss and stagnancy will be unavoidable; ✓ Remember the price structure is always changing and you need to modify your strategies to align with these changes so you don't get caught out with plethora of losses before realizing it; ✓ Do not make forex your only source of income if...
1001% true
not euphoria follower
  • #624,929
  • Sep 22, 2021 2:47am Sep 22, 2021 2:47am
Inserted Video
follow me on my live for my midweek session analysis
  • #624,930
  • Sep 22, 2021 2:48am Sep 22, 2021 2:48am
Quoting W0lfram
{quote} Want to buy like 80%
buy support sell resistance, question is it really support, 4hr daily and weekly says no!!! smaller tframes showing bull hook, never hurts to sit on sidelines, especially when every bone is screaming do it, long with cheap sl, if she drops through small loss, if correct could prove fruitful
If you are new to Forex? Say Goodbye to your account!!
  • #624,931
  • Sep 22, 2021 2:48am Sep 22, 2021 2:48am
I think they're trapping people, I'll wait for lower 3620 area, no rush
  • #624,932
  • Sep 22, 2021 2:55am Sep 22, 2021 2:55am
chance of usd weakness during FOMC today

both EU & GU can go UP
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  • #624,933
  • Sep 22, 2021 2:56am Sep 22, 2021 2:56am
Quoting mysterio
I think they're trapping people, I'll wait for lower 3620 area, no rush
Get as many longs in as possible then smash it down

But hey - I'm totally biased
I AM BIASED - MY THOUGHTS ARE AGAINST YOURS
  • #624,934
  • Sep 22, 2021 2:57am Sep 22, 2021 2:57am
Quoting Georginson
Hello Guys, here are some tips that I feel may be helpful in our various trading paths:- ✓ Do not trade with money you cannot afford to lose as it will mess up your emotions; ✓ When your emotions are overriding your well planned executions then loss and stagnancy will be unavoidable; ✓ Remember the price structure is always changing and you need to modify your strategies to align with these changes so you don't get caught out with plethora of losses before realizing it; ✓ Do not make forex your only source of income if...
Thanks Georgi for these words!

I agree with EVERYTHING Georgi said and I add:

search... SEARCH and test... TEST in the demo everything you think you LIKE until you manage to double the account 3 times in a row!

Spend a little money in real ... 2 or 3K Usd / Eur etc ...

To succeed... you need a BURNING WISH and work accordingly...

God bless you Georgi and God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #624,935
  • Sep 22, 2021 2:58am Sep 22, 2021 2:58am
slowly creeping up - just an observation
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I AM BIASED - MY THOUGHTS ARE AGAINST YOURS
  • #624,936
  • Sep 22, 2021 3:01am Sep 22, 2021 3:01am
long position taken in both eu n gu purely on technicals
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  • #624,937
  • Sep 22, 2021 3:02am Sep 22, 2021 3:02am
Hi, can you explain the logic why your S/R lines are drawn at a constant distance?


Quoting PatienceFx
chance of usd weakness during FOMC today both EU & GU can go UP {image}
  • #624,938
  • Sep 22, 2021 3:04am Sep 22, 2021 3:04am
Quoting Ilvez
Hi, can you explain the logic why your S/R lines are drawn at a constant distance? {quote}
they are auto drawn by indicator and change with every new bar ; they just locate range
  • #624,939
  • Sep 22, 2021 3:06am Sep 22, 2021 3:06am
Now the real deal start.
0.886 shark hit.

chart :
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  • #624,940
  • Sep 22, 2021 3:06am Sep 22, 2021 3:06am
Quoting Pat Chiko
{quote} GU Waiting like forever. {image} {image}
GU

End of scalping.
This turn out to be long term scalping.

Price may want to go up (or ranging) until FOMC later for another bear slam.

Good luck guys. Trade safe.

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I come from the future.
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