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Cable Update (GBPUSD)

  • #650,661
  • Feb 2, 2022 10:12am Feb 2, 2022 10:12am
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yes yes yes
  • #650,662
  • Feb 2, 2022 10:12am Feb 2, 2022 10:12am
Bulls decreasing....
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  • #650,663
  • Feb 2, 2022 10:24am Feb 2, 2022 10:24am
Quoting DrDave
{quote} the market is like this likes to scare before doing Hmmm. Seems to me that if you are entering trades and feeling scared while they are open, you either have little confidence in the criteria of your trading system or that you fail to implement those criteria (for whatever reason).
the psychological part I admit that I don't master it and I would like to improve... let's say that I could increase the gains if master my psychological part .yes most likely.
  • #650,664
  • Feb 2, 2022 11:03am Feb 2, 2022 11:03am
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yes yes yes
  • #650,665
  • Edited 11:39am Feb 2, 2022 11:24am | Edited 11:39am
Crazy can do anything but may be difficult go above previous or a little before correction need! More than wkly correction already!! Still to play more days. Anyway no long doing at this top only scalping short or pending orders to see next 2 days. Take care
Usdx close if same 95.94 today then reaction likely than tanking smooth!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #650,666
  • Feb 2, 2022 11:28am Feb 2, 2022 11:28am
Quoting Jolita
{quote} Worked well for you sticking to 4hr candle
I did not like the confluence around 1.34 with 61.8
yes it did work well..question is:- was that the bottom?
  • #650,667
  • Feb 2, 2022 11:28am Feb 2, 2022 11:28am
Quoting helioss
Bulls decreasing.... {image}
It's a slow grind up. Where it will stop, nobody knows. But it can't go up forever, nor can it go down forever.
Learn from your mistakes and march on.
  • #650,668
  • Feb 2, 2022 11:48am Feb 2, 2022 11:48am
Unless you can play both sides like the institutions do (hedge trading), it's very hard to make it in this business. Of course, this means you have to have a large account to handle the drawdown, and you can't be restricted by unfair trading rules such as FIFO.
Learn from your mistakes and march on.
  • #650,669
  • Feb 2, 2022 11:53am Feb 2, 2022 11:53am
Quoting here2there
Unless you can play both sides like the institutions do (hedge trading), it's very hard to make it in this business. Of course, this means you have to have a large account to handle the drawdown, and you can't be restricted by unfair trading rules such as FIFO.
FIFO is a uniquely American phenomenon. I remember I was hanging around here in 2009/2010 when it was first introduced, and people were fuming about it, and about hedging being disallowed.

One way around the hedging problem it is to run two accounts. One for going long, one for going short.
  • #650,670
  • Feb 2, 2022 12:07pm Feb 2, 2022 12:07pm
Quoting nAVIN2007
{quote} I did not like the confluence around 1.34 with 61.8 yes it did work well..question is:- was that the bottom?
You did it right, 61.80 is a good zone for planned reversal.
I missed to spot monthly breakout last month, should have got out earlier.
Still unclear where we go next as both currencies are fighting.
Rates tomorrow will be a bummer.
  • #650,671
  • Feb 2, 2022 12:20pm Feb 2, 2022 12:20pm
Quoting kuroro001
Trying short here 3583 Positionning is clearly saying upside, but its overextended here
I agree on your overall bullish outlook mate.
Looking at the daily and weekly, I think we could be heading up to 3650-3670 region tomorrow.

I got out of all my longs this week at 3571, now sitting tight.
Compulsions can be hard to resist
  • #650,672
  • Feb 2, 2022 12:23pm Feb 2, 2022 12:23pm
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yes yes yes
  • #650,673
  • Feb 2, 2022 12:25pm Feb 2, 2022 12:25pm
I am still building the $50 new account exness broker i started on monday 31st january 2022, update about todays results coming up soon...... I am still trying to do the foundation for the trading account with my little skill in trading forex.
GREATEST WISDOM AND POSITIVE ENABLEMENT COMES FROM ALMIGHTY GOD
  • #650,674
  • Feb 2, 2022 12:27pm Feb 2, 2022 12:27pm
Quoting trumps
{quote} I agree on your overall bullish outlook mate. Looking at the daily and weekly, I think we could be heading up to 3650-3670 region tomorrow. I got out of all my longs this week at 3571, now sitting tight.
I may short again 3603/09

Because it doesn't dip enough to make enter long (and i don't want to switch to 1mn tf to find a stupid entry

edit : scalping short 3579 looks "fine"
COT: The precious data ignored
  • #650,675
  • Feb 2, 2022 12:29pm Feb 2, 2022 12:29pm
Quoting fxpipper
{quote} FIFO is a uniquely American phenomenon. I remember I was hanging around here in 2009/2010 when it was first introduced, and people were fuming about it, and about hedging being disallowed. One way around the hedging problem it is to run two accounts. One for going long, one for going short.
It is becoming more and more apparent certain US government agencies do not want common people to succeed in America. In other words, they don't want us sitting at the same table as the rich.

As for the idea of having two accounts, that certainly is a solution, but it is still a hassle. And it doesn't completely solve the problem with FIFO. For example, I can place multiple orders of the same lot size, but I can only close out the trades in the order they were placed.
Learn from your mistakes and march on.
  • #650,676
  • Feb 2, 2022 12:33pm Feb 2, 2022 12:33pm
Editing target: below 13000. Do not think will reach below 12900

Target readjustment in relation to pullback

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POSTMASTER
  • #650,677
  • Feb 2, 2022 12:45pm Feb 2, 2022 12:45pm
So far, drawdown: 65,60 and 35 pips. Aiming for around 590 pip profit
POSTMASTER
  • #650,678
  • Feb 2, 2022 12:46pm Feb 2, 2022 12:46pm
Quoting Kwt4x
{quote} very true, when using time timeframe does not matter, and time does not overlap unless changing direction and starts with price interacting with smallest time first and force it to overlap next larger time, smallest time is a leading role while biggest time guide/direction role. M1 TF, 4H range with 1H 2H 4H MA's {image} cheers,
Price level - A quote in digits and decimals as units representing the overall consensus of value regarding a specified market security

Chart - An outline map exhibiting a frame

Frame - The physical makeup composed of bodies fitted together

Candle stick - A graphical depiction of trading activity within a selected period

Sequence - A continuous and connected class of events in arranged order time periods

Sequence - A succession of repetitions of a melodic phrase and harmornic pattern each ordered in a new position as a geometric progression

Geometric progression - a sequence in which the ratio of a term to it's predecessor is always the same

Structure - A form arranged by a fundamental pattern and organisation from abstract material

Abstract - Insufficiently factual; theoretical

Pattern - *A self-assembled complex due to resonance in dark matter * A self-perpetuating fundamental transformation * A sequenctial structure

Dark matter - Empty space

Fibonacci - A geometric progression and sequenctial ratio expressed as a principle and fundamental law of geometric self-similarity

Ratio - A proportion, a mathematically abstract quote of two expressions on parallel existence

Proportion - An orientation in dark matter, a direction of time flow used to describe motion phenomena

Matrix - * Something (such as a situation or set of conditions in which something else develops or forms * Something shaped like a pattern of lines and spaces

Phenomenon - A prophetic indication

Trader - An entity that buys and sells securities in anticipation of making a profit from the purchase and sell price

Orderflow - Imbalance in conviction between buyers and sellers

Market - A physical or virtual area where purchasers and sellers meet to buy and sell

Meta - Beyond physical

I have an unfinished document which I had at first thought of selling it to potential customers who want to learn how to trade but that didn't go well, there are no short cuts in existence or life, only what has happened and will happen because of the creative force
  • #650,679
  • Feb 2, 2022 1:02pm Feb 2, 2022 1:02pm
Quoting here2there
Unless you can play both sides like the institutions do (hedge trading), it's very hard to make it in this business. Of course, this means you have to have a large account to handle the drawdown, and you can't be restricted by unfair trading rules such as FIFO.
I prefer the prophetic way of life the life free of threat.

I choose to read the minds of those who are about to express our thoughts through moving the market from large trading executions from their large accounts

Learning how to be a more and more patient person is also necessary for me to become a consistently successful trader with vast sums of wealth for ever. -While on Earth or Mars before going to heaven
  • #650,680
  • Feb 2, 2022 1:09pm Feb 2, 2022 1:09pm
Quoting kuroro001
{quote} I may short again 3603/09 Because it doesn't dip enough to make enter long (and i don't want to switch to 1mn tf to find a stupid entry edit : scalping short 3579 looks "fine"


Bagging +8 and calling a day

Saving ammos for tomorrow big day

And nice drop in equities, screw META and SPOTIFY
COT: The precious data ignored
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