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Cable Update (GBPUSD)

  • #676,161
  • Aug 17, 2022 3:02am Aug 17, 2022 3:02am
Quoting Chris_35
{quote} Been there, done that, got the t-shirt.
Have you got one in XXL?
Don't trade what you think. Just what you see!!!
  • #676,162
  • Aug 17, 2022 3:05am Aug 17, 2022 3:05am
For the Yen pairs don't leave the position until you get at least 100 pips on each pair.
  • #676,163
  • Aug 17, 2022 3:06am Aug 17, 2022 3:06am
Quoting Theoak
{quote} Have you got one in XXL?
if it’s Hugo boss or Umbro I need xxxl (not slim fit either )!!
Insane in the Brain..
  • #676,164
  • Aug 17, 2022 3:06am Aug 17, 2022 3:06am
Quoting Theoak
{quote} I got hammered yesterday on one trade and I've seen the set-up hundreds of times and due to my ego ignored it and put my stops up. And the set-up break out the channel, re-test the channel , power up. I was that stupid, that I could have got out with a smaller loss when it re-tested the channel. Just watched it. Why did I just not change to a bull and join the bull ride. Ego. The only thing I was proud of was not adding to my loser. All I can say is stick to your convictions, but with my style I have to get rid of this ego Anyway, I think...
Stopped out time to wait for this price action to settle down!
Don't trade what you think. Just what you see!!!
  • #676,165
  • Aug 17, 2022 3:07am Aug 17, 2022 3:07am
Placed some buy limits for 750, 650, 550……
Extreme gut feeling trader
  • #676,166
  • Aug 17, 2022 3:08am Aug 17, 2022 3:08am
I'll make sure we never get fcked by these morons. Never again.
  • #676,167
  • Aug 17, 2022 3:08am Aug 17, 2022 3:08am
Quoting TheWolf
{quote} 4H candle has to give retracement. You will lose going long now 100%.
see you at 1.02132
Attached Image (click to enlarge)
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yes yes yes
  • #676,168
  • Aug 17, 2022 3:10am Aug 17, 2022 3:10am
Quoting BeeTogether
{quote} if it’s Hugo boss or Umbro I need xxxl (not slim fit either )!!
Are we getting bigger or our cloths getting smaller.

Like chocolate bars they seem at lot smaller now... Don't get me started with the toblerone... have you seen the gap now!
Don't trade what you think. Just what you see!!!
  • #676,169
  • Aug 17, 2022 3:13am Aug 17, 2022 3:13am
Quoting Moty
{quote} see you at 1.02132 {image}
See you at parity! Hahah
I am really very very confident I know what's going on at the moment. By looking Hourly candles, they took buyers once and then again last hourly candle by retracing. Now the sell should come.
  • #676,170
  • Aug 17, 2022 3:17am Aug 17, 2022 3:17am
Quoting TheWolf
{quote} See you at parity! Hahah I am really very very confident I know what's going on at the moment. By looking Hourly candles, they took buyers once and then again last hourly candle by retracing. Now the sell should come.
Judging by inflation alone, over 10%, Pound should be destroyed today. We should see a good red candle today.
If I'm wrong on this today I will never come back anymore and wish you all GL! Totally done with this.
  • #676,171
  • Aug 17, 2022 3:19am Aug 17, 2022 3:19am
Quoting TheWolf
{quote} It will definitely fall tommorow also as it has to retrace on Friday. They always the same shit over and over again. Friday just go long without even looking at graph and you'll be right 95% of the times.
It really depends where they are in the cycle, but yeah, Fridays and end of month likes to pull back often.

I don't know if we're going to parity, but I've seen huge pullbacks in a downtrend act like slingshots to break further down.
My target is under 1.2, but I'm also aware that we may not get that far depending on when and where the brakes are applied.
If the brakes are put on in the US session and we haven't cleared the low from yesterday, there's going to be a jump back up on Friday somewhere in this range.

I am assuming that US news will do as you suggest though.... but let's see.
  • #676,172
  • Aug 17, 2022 3:21am Aug 17, 2022 3:21am
Quoting Theoak
{quote} Are we getting bigger or our cloths getting smaller. Like chocolate bars they seem at lot smaller now... Don't get me started with the toblerone... have you seen the gap now!
i think it’s the clothes getting smaller like the chocolate sizes! I’m the same weight I was in 2002! Although still a lard arse just older
Insane in the Brain..
  • #676,173
  • Aug 17, 2022 3:21am Aug 17, 2022 3:21am
Also, where are big guns now? They'll just appear later with thousands of dollars in profit..
  • #676,174
  • Aug 17, 2022 3:22am Aug 17, 2022 3:22am
Quoting TheWolf
Also, where are big guns now? They'll just appear later with thousands of dollars in profit..
the bears are making it hard work today. Proper range time i think till US data which again might not shake a leg either
Insane in the Brain..
  • #676,175
  • Aug 17, 2022 3:22am Aug 17, 2022 3:22am
Still waiting for a drop here.
Market is trying to paint a buy entry for the dumb money.
  • #676,176
  • Aug 17, 2022 3:27am Aug 17, 2022 3:27am
signal
Attached Image (click to enlarge)
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yes yes yes
  • #676,177
  • Aug 17, 2022 3:27am Aug 17, 2022 3:27am
Quoting Moty
switched to long eu {image}
why do you always go against the system ..
your system says short.. but your mind says otherwise..
  • #676,178
  • Aug 17, 2022 3:28am Aug 17, 2022 3:28am
Quoting EvilEye
Still waiting for a drop here. Market is trying to paint a buy entry for the dumb money.
Retracement of sell. We should see sell very soon now.
  • #676,179
  • Edited 3:51am Aug 17, 2022 3:29am | Edited 3:51am
PUMP IT.

I already have an ongoing entry so I do not need to enter, but if I do not have an entry right now, I will go Long.

Entry 1.21085, SL 1.20626 lower end of daily pivot, i dont expect pivot to break.
Daily pivot (also the lower key level) rejected 3 times in M15, super strong bogdanoff signal.

EDIT: i repeat, you dont see this often, this is how strong the signal is:
1. upper end of daily pivot coincides with lower key level, bounce off here also means bounce off lower key level (1.20837)
2. price rejected off the said level in point 1, for 3 times.
3. the final rejection resulted in a big bullish engulfing pattern, which serves as a confirmation to enter at 1.21085.
4. price well above daily pivot, clear bullish bias without doubt
5. lower end of daily pivot can be used as a clear SL
6. If you're into moving averages, in M15 the price unable to break and stay below 200 period moving average, its still sitting on top of it.

No guarantees you will hit TP, but it feels good to be in a high confidence trade.
Ongoing Long back to profit territory again, hope it ends well, I am only following my system, minimum subjective judgement involved, which prevents me overthink/overtrade and mess me up.
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  • #676,180
  • Aug 17, 2022 3:30am Aug 17, 2022 3:30am
I think I should stay out of market until FOMC Meeting is finished. Market seems sloppy. I can't find any good set-up for ideal entry.
With courage, patience, and discipline, success is a matter of time.
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