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Cable Update (GBPUSD)

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  • Post #624,921
  • Quote
  • Sep 22, 2021 2:54am Sep 22, 2021 2:54am
  •  jezzode
  • | Joined Jun 2012 | Status: Biased Member | 61 Posts
Quoting W0lfram
Disliked
{quote} Also want to buy, waiting for a good signal. Inconvenient area for me before FOMC, just watching today probably
Ignored
oh, I wasn’t suggesting buying at all! But that’s my own logic, keep selling it until proven wrong. I’m not one to try and catch a falling knife

like I said, only one bottom, so you better be sure as dam it that you’re right
I AM BIASED - MY THOUGHTS ARE AGAINST YOURS
 
2
  • Post #624,922
  • Quote
  • Sep 22, 2021 2:57am Sep 22, 2021 2:57am
  •  W0lfram
  • Joined Dec 2020 | Status: Crossed over into the Twilight Zone | 1,204 Posts
Quoting jezzode
Disliked
{quote} oh, I wasn’t suggesting buying at all! But that’s my own logic, keep selling it until proven wrong. I’m not one to try and catch a falling knife like I said, only one bottom, so you better be sure as dam it that you’re right
Ignored
Want to buy like 80%
Fade to black
 
 
  • Post #624,923
  • Quote
  • Sep 22, 2021 3:01am Sep 22, 2021 3:01am
  •  kris89
  • Joined Mar 2021 | Status: Crazy Frog | 3,775 Posts
L.O Begin , test the water buy @1.36500 SL 1.36400 , the price stalled and compressed ( not a trade idea )
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
 
 
  • Post #624,924
  • Quote
  • Sep 22, 2021 3:01am Sep 22, 2021 3:01am
  •  jezzode
  • | Joined Jun 2012 | Status: Biased Member | 61 Posts
Quoting W0lfram
Disliked
{quote} Want to buy like 80%
Ignored
Ha, tempting right - there's actually a strong correlation between retail sentiment vs price

No surprises that it's an opposite correlation!
I AM BIASED - MY THOUGHTS ARE AGAINST YOURS
 
 
  • Post #624,925
  • Quote
  • Sep 22, 2021 3:05am Sep 22, 2021 3:05am
  •  jezzode
  • | Joined Jun 2012 | Status: Biased Member | 61 Posts
Quoting kris89
Disliked
L.O Begin , test the water buy @1.36500 SL 1.36400 , the price stalled and compressed ( not a trade idea )
Ignored
Tank time
I AM BIASED - MY THOUGHTS ARE AGAINST YOURS
 
1
  • Post #624,926
  • Quote
  • Sep 22, 2021 3:12am Sep 22, 2021 3:12am
  •  kris89
  • Joined Mar 2021 | Status: Crazy Frog | 3,775 Posts
Quoting kris89
Disliked
L.O Begin , test the water buy @1.36500 SL 1.36400 , the price stalled and compressed ( not a trade idea )
Ignored
ah the water splashed xD
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
 
1
  • Post #624,927
  • Quote
  • Sep 22, 2021 3:14am Sep 22, 2021 3:14am
  •  mysterio
  • Joined Sep 2009 | Status: Member | 5,486 Posts
Quoting W0lfram
Disliked
{quote} Want to buy like 80%
Ignored
They may just build up more stops then take it all at FOMC, hard to say
 
3
  • Post #624,928
  • Quote
  • Sep 22, 2021 3:14am Sep 22, 2021 3:14am
  •  kris89
  • Joined Mar 2021 | Status: Crazy Frog | 3,775 Posts
i was thinking about FOMC later , and GBP rate will its both support the upside move to fast correction these week ? and back to base below next week before monthly candle close
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
 
 
  • Post #624,929
  • Quote
  • Sep 22, 2021 3:17am Sep 22, 2021 3:17am
  •  W0lfram
  • Joined Dec 2020 | Status: Crossed over into the Twilight Zone | 1,204 Posts
Quoting jezzode
Disliked
{quote} Ha, tempting right - there's actually a strong correlation between retail sentiment vs price No surprises that it's an opposite correlation!
Ignored
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
Fade to black
 
2
  • Post #624,930
  • Quote
  • Sep 22, 2021 3:21am Sep 22, 2021 3:21am
  •  Jolita
  • Joined Jan 2012 | Status: Unlimited | 3,139 Posts
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.
 
2
  • Post #624,931
  • Quote
  • Sep 22, 2021 3:36am Sep 22, 2021 3:36am
  •  Waveskierrob
  • Joined May 2020 | Status: Best trader ever to have lived 4.0 | 4,770 Posts
SOLD 1.3652 no sl no tp 3rd time lucky
Soon To Be Temporarily Suspended Again
 
6
  • Post #624,932
  • Quote
  • Sep 22, 2021 3:38am Sep 22, 2021 3:38am
  •  Georginson
  • Joined Aug 2018 | Status: Veteran | 3,347 Posts
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.
Swing and Intraday
 
20
  • Post #624,933
  • Quote
  • Sep 22, 2021 3:42am Sep 22, 2021 3:42am
  •  bilal.cybrog
  • | Joined Jan 2021 | Status: Member | 90 Posts
Quoting Georginson
Disliked
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...
Ignored
very nice motivation indeed.!!!
Cheers
 
1
  • Post #624,934
  • Quote
  • Sep 22, 2021 3:42am Sep 22, 2021 3:42am
  •  kris89
  • Joined Mar 2021 | Status: Crazy Frog | 3,775 Posts
BE hitted , awaiting more dip 1.36200
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
 
 
  • Post #624,935
  • Quote
  • Sep 22, 2021 3:42am Sep 22, 2021 3:42am
  •  Waveskierrob
  • Joined May 2020 | Status: Best trader ever to have lived 4.0 | 4,770 Posts
Quoting Georginson
Disliked
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...
Ignored
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;"
Soon To Be Temporarily Suspended Again
 
4
  • Post #624,936
  • Quote
  • Sep 22, 2021 3:43am Sep 22, 2021 3:43am
  •  iqyu5an
  • Joined Jul 2010 | Status: Always manage your risk & leverage | 7,327 Posts
Quoting Georginson
Disliked
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...
Ignored
1001% true
not euphoria follower
 
3
  • Post #624,937
  • Quote
  • Sep 22, 2021 3:47am Sep 22, 2021 3:47am
  •  Stonar901
  • | Joined Jul 2012 | Status: Member | 520 Posts
Inserted Video
follow me on my live for my midweek session analysis
 
 
  • Post #624,938
  • Quote
  • Sep 22, 2021 3:48am Sep 22, 2021 3:48am
  •  KiwiTrada
  • Joined Aug 2009 | Status: Member | 12,448 Posts
Quoting W0lfram
Disliked
{quote} Want to buy like 80%
Ignored
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!!
 
2
  • Post #624,939
  • Quote
  • Sep 22, 2021 3:48am Sep 22, 2021 3:48am
  •  mysterio
  • Joined Sep 2009 | Status: Member | 5,486 Posts
I think they're trapping people, I'll wait for lower 3620 area, no rush
 
3
  • Post #624,940
  • Quote
  • Sep 22, 2021 3:55am Sep 22, 2021 3:55am
  •  PatienceFx
  • Joined Jun 2013 | Status: enjoying life | 14,983 Posts
chance of usd weakness during FOMC today

both EU & GU can go UP
Attached Image (click to enlarge)
Click to Enlarge

Name: 1.png
Size: 44 KB
Indicators on my chart help me guess the trade they do not guarantee result
 
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