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Cable Update (GBPUSD)

  • #676,301
  • Aug 17, 2022 9:33am Aug 17, 2022 9:33am
Quoting montygoldy
Trying long for 20 pips…
Lovely exact tp hit….
Extreme gut feeling trader
  • #676,302
  • Edited 9:53am Aug 17, 2022 9:35am | Edited 9:53am
Quoting eyefeelsix
{quote} you have been messed with your own psychology, be a consistent person you will succeed later boy
Thanks man, i am working on it.

Such days happen, infact i have really improved my trading psychic
This is happening after a series of consistent wins(growing a small account).Usually i would have a big DD in between my weekly target but i have kept my cool for 2 weeks now, without DD.

Let me call this under performance +DD
Ps. Boy is a disrecpectful word to an adult, luckily you had a laughing emoji tagged along.
Face 'ur fears & tame 'ur greed
  • #676,303
  • Aug 17, 2022 9:38am Aug 17, 2022 9:38am
Opened a long For couple of bucks on gold
Extreme gut feeling trader
  • #676,304
  • Aug 17, 2022 9:39am Aug 17, 2022 9:39am
GBPCHF

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POSTMASTER
  • #676,305
  • Aug 17, 2022 9:47am Aug 17, 2022 9:47am
Looking at the price action, I think I should refrain from trading for now, signals generated aren't reliable if the candles are messy, ranging, up & down with no concrete direction, maybe FOMC will show us the way. One of the points Fischer said in his book, if price traded within the pivot range for extended period of time (which it is now), the pivot may be invalidated for the day.

May take a Long if before FOMC, price bounced off 1.20470, overriding trend system, take trade based on ranging mindset.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 64.4%
  • #676,306
  • Aug 17, 2022 9:51am Aug 17, 2022 9:51am
Quoting Reverso
Looking at the price action, I think I should refrain from trading for now, signals generated aren't reliable if the candles are messy, ranging, up & down with no concrete direction, maybe FOMC will show us the way. One of the points Fischer said in his book, if price traded within the pivot range for extended period of time (which it is now), the pivot may be invalidated for the day. May take a Long if before FOMC, price bounced off 1.20470, overriding trend system, take trade based on ranging mindset.
Pivots? from where? calculated from a chart that is not showing all prices? no ofense, just my 2 cents
POSTMASTER
  • #676,307
  • Aug 17, 2022 9:54am Aug 17, 2022 9:54am
Starting buying for 2150 first active 2047 few pendings till 1980
People don't plan to lose. They lose because they don't plan.
  • #676,308
  • Aug 17, 2022 9:54am Aug 17, 2022 9:54am
Quite messy,
Dollar index not rise so much but GBP down to the core
Losing open from yesterday selling at 2053 and 2050, closed at 2100 and now price want back to below my selling point, good grief
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #676,309
  • Aug 17, 2022 9:56am Aug 17, 2022 9:56am
Omg long trap...
  • #676,310
  • Aug 17, 2022 9:57am Aug 17, 2022 9:57am
We have to admire these members who get such brilliant profits. They are surely not using Mt4/5 and their indicators or maybe pure mathematics which is the best.
POSTMASTER
  • #676,311
  • Aug 17, 2022 9:59am Aug 17, 2022 9:59am
________ banked all my profits$ @TP2
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Don’t focus on making $$$, focus on protecting what you have.
  • #676,312
  • Aug 17, 2022 10:00am Aug 17, 2022 10:00am
Long could be a reversal point.
  • #676,313
  • Aug 17, 2022 10:02am Aug 17, 2022 10:02am
Cable has indeed taken everyone by surprise , Wednesday market up and down as usual
  • #676,314
  • Edited 10:16am Aug 17, 2022 10:05am | Edited 10:16am
Quoting Robinhood1
We have to admire these members who get such brilliant profits. They are surely not using Mt4/5 and their indicators or maybe pure mathematics which is the best.
No, sometimes losees come from inconsistency trade. Afraid of what other trader did predicted.
And somtimes winning also pure luck because of inconsistent candle .
Some trade by just feeling by the way
Math is just base, fundamental not count in
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #676,315
  • Edited 10:20am Aug 17, 2022 10:10am | Edited 10:20am
The drop beyond the pivot looks convincing, I took Short, 2nd trade for the day.

Entry 1.20471, SL 1.20826, TP 1.19938.
I would monitor and keep an Alarm if price reversed and reached 1.20626, I might want to exit prematurely and switch to Long, a close at around that 1.20626 will mean V shaped recovery to the upside and bounced off support.

EDIT: the chart could also be interpreted as, the green candle with long up wick that caused my 1st SL today, didn't managed to close above Pivot, subsequent candles are all red until 1 of the red candle gave me a concrete Short by closing reasonably below Pivot, it is also the lowest candle close so far in the day, yes I mentioned shouldn't give too much weight to today's pivot since price keep ranging around here, but it is worth mentioning the price action leading to my Short. It's like the upper end of pivot are all retest and unable to close above. The candle that lead to my Short is reasonably distanced from the relatively tight range of the Pivot, giving enough space for SL I think, thus I am still using upper end of pivot as SL. Let's see if FOMC drive the price down to my TP.
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https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 64.4%
  • #676,316
  • Aug 17, 2022 10:12am Aug 17, 2022 10:12am
Quoting Robinhood1
{quote} Pivots? from where? calculated from a chart that is not showing all prices? no ofense, just my 2 cents
Not sure what is your question, if you are asking what is the current pivot, it is 1.20626 - 1.20826, pivot is calculated by using HLC from previous day.
If you are saying I am talking about pivot without attaching my chart, then I am sorry for not providing visual aid.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 64.4%
  • #676,317
  • Aug 17, 2022 10:20am Aug 17, 2022 10:20am
Quoting JereMi256
Boring PA waiting for news. I hate that it's giving bulls false hope of slaughter.
Bulls were warned!
This is the last warning...
Face 'ur fears & tame 'ur greed
  • #676,318
  • Aug 17, 2022 10:23am Aug 17, 2022 10:23am
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  • #676,319
  • Aug 17, 2022 10:26am Aug 17, 2022 10:26am
Quoting Reverso
{quote} One way to look at this, is that the market stopped trending for now, my system is based on trend continuing, so if I am starting to hit SL more often, that means I need to switch my mindset to a more active one, draw support and resistance and try to trade bounces while still trying to respect at least the Pivot in my system if needed, basically Range mode on, use my head more to think and trade.
That nice it is not much risk i think,
I only use reversal/retrace trade to take few pips and sometimes float some big pips while that happen may burn account and very risky friday and yesterday(closed today) my big loss. And shit price this time at my open sell yesterday, but if i didnt cut today at -50pis, i will be mc ed
Im thinking trying another method this week
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #676,320
  • Aug 17, 2022 10:39am Aug 17, 2022 10:39am
At a wedding today and have totally missed the action. Long at 12057 will tp when I get some phone reception
Insane in the Brain..
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