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Cable Update (GBPUSD)

  • #671,181
  • Edited 9:28am Jul 22, 2022 9:07am | Edited 9:28am
Quoting Chris_35
2 lots cable short at 1.2003 and 2 short at 1.2030 not looking good but waiting for fall back
Thats is dangeros trade i've seen here, but who knows, good luck
Also open sell at 1.1941, now locking sl+
First trade at 40 got sl -1

Update Hit SL +2
My -1 SL covered
Open another one at 1.1947
Floating minus
SL +1 hit, back to basic, not selling until it goes up higher again
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #671,182
  • Jul 22, 2022 9:07am Jul 22, 2022 9:07am
Last try short @1.2040
SL 1.2058
Face 'ur fears & tame 'ur greed
  • #671,183
  • Jul 22, 2022 9:10am Jul 22, 2022 9:10am
short is only scalp trade.

Looks like it broke upwards.
Intraday only.
  • #671,184
  • Jul 22, 2022 9:16am Jul 22, 2022 9:16am
Quoting navk
short is only scalp trade. Looks like it broke upwards.
Ya, likely bot going back under 1.2 for today
But a small gap on my broker not filled, not sure another broker
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #671,185
  • Jul 22, 2022 9:17am Jul 22, 2022 9:17am
Try to short GU
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  • #671,186
  • Jul 22, 2022 9:20am Jul 22, 2022 9:20am
Quoting JereMi256
Last try short @1.2040 SL 1.2058
Stopped out.
Waiting till next valid setup
Face 'ur fears & tame 'ur greed
  • #671,187
  • Jul 22, 2022 9:20am Jul 22, 2022 9:20am
Different Fib same concept.
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MY GRID. Markets are NOT random.
  • #671,188
  • Jul 22, 2022 9:21am Jul 22, 2022 9:21am
Eurcad long

closed eurjpy
My telegram: https://t.me/avidforex
  • #671,189
  • Jul 22, 2022 9:24am Jul 22, 2022 9:24am
Quoting JereMi256
{quote} Stopped out. Waiting till next valid setup
short was an emotional trade.

Unless your system says to short, refrain from that.

At times, you may get some, but not every time.

Today is friday, you know...one side direction in NY
Intraday only.
  • #671,190
  • Jul 22, 2022 9:24am Jul 22, 2022 9:24am
Quoting BigNumbers
Eurcad long closed eurjpy
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My telegram: https://t.me/avidforex
  • #671,191
  • Jul 22, 2022 9:27am Jul 22, 2022 9:27am
come on uj
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yes yes yes
  • #671,192
  • Edited 9:51am Jul 22, 2022 9:32am | Edited 9:51am
Quoting GODofMC
{quote} Thats is dangeros trade i've seen here, but who knows, good luck Also open sell at 1.1941, now locking sl+ First trade at 40 got sl -1 Update Hit SL +2 My -1 SL covered Open another one at 1.1947 Floating minus SL +1 hit, back to basic, not selling until it goes up higher again
Damit, after hit SL on short goes down again, short full margin back there, just wait if it make new high then looking entry to short scalp, if no new high then no entry
Holy friday price can be very volatile

Update 1 :
Baseless trendline, to upper trendline not complete yet because of volatile market, just spiked up and correcting down some , could be bouncing up retest higher and down retest 1.2
While expecting to retrace at 1.2 at best. Still a NO NO TRADE entry for me
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Update 2 :
Adding a line from my broker gap, cold be correcting at 1.2 if move under 1.2030, best chance under 1.2025
But it is HOLY FRIDAY, so we're fucked up unless buying from the sea you can hold
Entry from this point and this hour not recomended unles already secured some pips
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Thats my report to this hour
Look like retesting high
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #671,193
  • Jul 22, 2022 9:38am Jul 22, 2022 9:38am
Quoting navk
{quote} short was an emotional trade. Unless your system says to short, refrain from that. At times, you may get some, but not every time. Today is friday, you know...one side direction in NY
My system still reads a liquidity grab @ 1.2046

Re-entered again @1.2040, i need confirmation of strong bullish power to consider longs
Face 'ur fears & tame 'ur greed
  • #671,194
  • Jul 22, 2022 9:44am Jul 22, 2022 9:44am
Quoting JereMi256
{quote} My system still reads a liquidity grab @ 1.2046 Re-entered again @1.2040, i need confirmation of strong bullish power to consider longs
Could.. but it always better to confirm it with 1m/5m structure, safer.

Price should ranging till FOMC
  • #671,195
  • Jul 22, 2022 9:44am Jul 22, 2022 9:44am
Come on back down baby
  • #671,196
  • Jul 22, 2022 9:54am Jul 22, 2022 9:54am
Quoting JereMi256
Last try short @1.2040 SL 1.2058
JereMi256, what setup told you to go counter-trend at these levels?...I'm just curious.
Always trade your own plan...I don't provide trading signals.
  • #671,197
  • Jul 22, 2022 10:01am Jul 22, 2022 10:01am
Had a wonderful week!
Enjoy yo Happy Hours
See Y'all on Sunday Night.
More time in the market, does not mean you trade better!
  • #671,198
  • Edited 10:18am Jul 22, 2022 10:02am | Edited 10:18am
Quoting JereMi256
{quote} We all feel the market is playing dirty games at some point in time. This day, i got a margin call, my acc was wiped clean, got back to my feet after 2 days!
When I was using leverage that could cause a margin call, and traded only one strategy, I didnt know that Mr.Price liked to dance salsa one second and tangothe next, then switch to breakdancing, then to ballet, and on and on . And often times, by the time he changed his moves, it was too late to catch up, especially without risk management adapted to the strategy used(and I was very far from all of that mumbo jumbo!). And lo and behold, after much work and research, I realized that I was falling in a rabbit hole like Alice, and that all of these new thoughts and theories of mine in the pursuit of saving emptying accounts, That all of it was just the tip of the iceberg !

Years later, after 100000s of failed Deep ocean expedition "a la James Cameron", after finally having embraced the bottom of the iceberg, I was asked by two friends to show them the basics, just to get started(they were bating me with the smallest hook but also with beer and chips, because they knew that I wasn't interested... I fell under their spell eventually.....

We planned to meet every Tuesday at our local bar. After showing them the basics of the platform, I had to have them put their money where their mouth are, and open an account. I then had them open 12(arbitrary number) random trades(they knew nothing, hence the randomness nice hidden lesson there also). Only if the account survived till our next Beer/Forex Tasting Tuesday, would we continue. They were frantic like headless chicken's and sweating like dogs , and to my great surprise, I had such a great time ! And to my even greater surprise, their trades survived the week.

Doesnt sound like much of a first lesson, but apparently it was one of my best ones, filled with surprise realizations that kept on coming week after week. One of them(Pat's his name, no joke ) is still trading today. Even though it's no longer necessary, he apparently still opens 12 random "symbolic" yet real trades every week, on top of his bread and butter.


Oh wow, I want to say that I was moved with all the posts of encouragement and thoughts, and from so many of you, in reply to
Quoting TheWolf
I will refrain from posting from now on. What happened today, well there is NO LOGICAL EXPLANATION whatsoever. Thus, I hold the strongest opinion that market is random and should be viewed as such. I am taking a pause and will considering if this journey continues for me or not. I need a deep think and I need to step away for a while to clear my head from everything I learned and thought made sense. Because nothing here, in my opinion, makes any sense. First reason is selfish, another reason is that I don't think I can be of any help anymore to...
That really put this thread at a new level for me, and shows how thoughtful, considerate, helpful, empathetic, good-hearted and smart ! this community is. I second all of what was said, wholeheartedly . And this idea:
Quoting ScalaFX
{quote} Its sad too becouse you already started your own thread and I think you must continue this for your better psychological condition! When you quit today this will be fail, when you make small pause and fast come back with new account that's will be succes and another motivation, I wish you the best! I think every good trader here who make money every month now was on your place, but come back fast stronger and more motivated with plan and now taking every day, cheers buddy!
I find really great.

From the bottom of my heart TheWolf, no matter what you do from here, remember you got our support !
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #671,199
  • Jul 22, 2022 10:02am Jul 22, 2022 10:02am
Quoting Coreg2004
{quote} JereMi256, what setup told you to go counter-trend at these levels?...I'm just curious.
Simply OB resistance and liquidity grab.
Face 'ur fears & tame 'ur greed
  • #671,200
  • Jul 22, 2022 10:04am Jul 22, 2022 10:04am
Quoting JereMi256
{quote} My system still reads a liquidity grab @ 1.2046 Re-entered again @1.2040, i need confirmation of strong bullish power to consider longs
Closed all @ BE, looking for BOS in LTFs fst.
Face 'ur fears & tame 'ur greed
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