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Cable Update (GBPUSD)

  • #676,741
  • Aug 18, 2022 2:42pm Aug 18, 2022 2:42pm
Quoting Moty
Crooky retracement Mf , they fooled me again {image}
As far as i know you always make a comeback, switching sell or something like rocketing, but this time i think your lot was to big, lets hope it can make epic comeback, at least some retracement
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #676,742
  • Aug 18, 2022 2:43pm Aug 18, 2022 2:43pm
Quoting Headland
....assuming current 1923 dly lo holds, (@ wkly s2,) 2001-12 is a 5 fib cluster. Same again @ 2057-69.
I’d take 2001!
Insane in the Brain..
  • #676,743
  • Aug 18, 2022 2:49pm Aug 18, 2022 2:49pm
Quoting Headland
....assuming current 1923 dly lo holds, (@ wkly s2,) 2001-12 is a 5 fib cluster. Same again @ 2057-69.
Afraid of Asian might be make it lower
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #676,744
  • Aug 18, 2022 2:51pm Aug 18, 2022 2:51pm
Will anybody start shorting on D1 candle open?
IgorFX
  • #676,745
  • Aug 18, 2022 2:53pm Aug 18, 2022 2:53pm
Quoting Moty
{quote} They looked nice also before I am the stupid that took tiny 27 pips from 136 pips move I am the stupid that tried to catch dangerous pips in the retracement , and i am the one that lose all of its profit and in a situation to get wipe out with my account. The indicators gave all the data that i needed, it is me who decided to ruined it all up

Hi Moty,

How are you?

You said it correctly. The system is not the issue but Human Error.

Journal today's trade. You are not stupid, you just let emotion take the wheel today.

Every loss is an opportunity to become better at the art of charting.

Keep at it.

Looking at the weekly chart, it was showing signs of a weak Pound. Why? Last week's candle closed outside a strong POI in premium level, hence, the sell was inevitable.

No one is above mistakes, it's what we do with the mistakes that counts!

I hope you take a glass of juice and watch a movie.

Kind regards,

RD
  • #676,746
  • Aug 18, 2022 3:03pm Aug 18, 2022 3:03pm
Quoting ScalaFX
{quote} Im very greedy today for scalping {image}
I laid some calves to rest.
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Face 'ur fears & tame 'ur greed
  • #676,747
  • Aug 18, 2022 3:04pm Aug 18, 2022 3:04pm
Any bounce looks like an opportunity to keep shorting for a new low below 1760
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Compulsions can be hard to resist
  • #676,748
  • Aug 18, 2022 3:12pm Aug 18, 2022 3:12pm
Quoting Georginson
{quote} Pending buy at 1.1938 triggered already, manually added another at 1.1927... all target now modified to 1.1994
I'm exiting buy trades from ,1.1927 and 1.1938 ... While buy trades from. 1.2000 - 1.1975 area will be left as floating...

Reason for 50% closure is due to the fact that the retracement is weak which means 1.1867 is now exposed tomorrow or anytime next week... 1.1976 looks a certain area price will touch tomorrow.

1.1867 - 1.1975 looks likely tomorrow... I may be brutally wrong but I will prepare a large buy @ 1.1870 if it gets there.
Data + Stat + Risk/Emotions Management
  • #676,749
  • Aug 18, 2022 3:16pm Aug 18, 2022 3:16pm
Quoting Georginson
{quote} I'm exiting buy trades from ,1.1927 and 1.1938 ... While buy trades from. 1.2000 - 1.1975 area will be left as floating... Reason for 50% closure is due to the fact that the retracement is weak which means 1.1867 is now exposed tomorrow or anytime next week... 1.1976 looks a certain area price will touch tomorrow. 1.1867 - 1.1975 looks likely tomorrow... I may be brutally wrong but I will prepare a large buy @ 1.1870 if it gets there.
the 11975-11960 could be SBR area which will be interesting to see how it reacts
Insane in the Brain..
  • #676,750
  • Aug 18, 2022 3:18pm Aug 18, 2022 3:18pm
Quoting JereMi256
{quote} I laid some calves to rest. {image}
Bravo Jeremi!!! Good you see only blue color, more profit comes naturally when you will be consistent like today!
People don't plan to lose. They lose because they don't plan.
  • #676,751
  • Aug 18, 2022 3:20pm Aug 18, 2022 3:20pm
Quoting JereMi256
{quote} I laid some calves to rest. {image}
Attached Image (click to enlarge)
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IgorFX
  • #676,752
  • Aug 18, 2022 3:27pm Aug 18, 2022 3:27pm
SL open for remaining positions
Buy limit RN 1.19
Face 'ur fears & tame 'ur greed
  • #676,753
  • Aug 18, 2022 3:30pm Aug 18, 2022 3:30pm
Waiting to see the closing price. See if price closes above 1940 static support.
  • #676,754
  • Aug 18, 2022 3:31pm Aug 18, 2022 3:31pm
Quoting ScalaFX
{quote} Bravo Jeremi!!! Good you see only blue color, more profit comes naturally when you will be consistent like today!
I am learning from the best. You guys motivate me to go an extra mile.

Face 'ur fears & tame 'ur greed
  • #676,755
  • Aug 18, 2022 3:44pm Aug 18, 2022 3:44pm
long live bloody gbp
IgorFX
  • #676,756
  • Aug 18, 2022 4:03pm Aug 18, 2022 4:03pm
Quoting keyman.
long live bloody gbp
Yeah until it pulls the rug from under your feet lol
Insane in the Brain..
  • #676,757
  • Aug 18, 2022 4:47pm Aug 18, 2022 4:47pm
Quoting Coreg2004
{quote} Theoak, any m.avg's in trending market are useful.
I agree bud. That 4hr MaCD strategy was fantastic in trending markets, but ranging it got smashed to bits. The thing was when the MA's merged together it was ranging, so it kept you out the market. Don't know if anyone done any good with it as its more of a swing traders strategy. I' believe they are a useful tool. It's like anything if enough people use them they are self proclaiming, because we are using the same and looking at the same charts.

When that news hit today regarding how great your neck of the woods was doing. I knew in my own mind.. time to be a bear, but I did not react straight away, but the charts did not give it away straight away.. That chart you showed me as soon as I looked at it. I knew time to be a Bull, but I'd got my stupid head on before you showed it to me . Sometimes you need to look at something with a new set of eyes.

There is no MA, oscillator, support and resistance, doji star, double top or head a shoulders going to magic the price, but some people believe it will, but you know that anyway.

Are you still in the grove?
Don't trade what you think. Just what you see!!!
  • #676,758
  • Edited 5:29pm Aug 18, 2022 4:55pm | Edited 5:29pm
Quoting JereMi256
{quote} I dont really know much. But if they work for you, keep up bro! I have nothing against that.
What I'm trying to say is they are not magic. They're a tool. Like a hammer.. It helps to knock a nail in, but you still have to knock the nail in. Even if they are used to show the market is going up or down.
Don't trade what you think. Just what you see!!!
  • #676,759
  • Aug 18, 2022 5:19pm Aug 18, 2022 5:19pm
Quoting keyman.
It certainly did not exceed its daily volatility (100-130 points). But it has already fallen so much in a week, including last Friday. The pound data is not as bad as expected. The interest rate for the pound will rise even more. It's more than USD to blame, I see it that way.
The interest rates are going up all over the world. The cost of living is not just some figures you read. I don't know what its like over there, but here food is more than doubled in the past year. Petrol is 11 pound a gallon, even though crude oils has dropped for the last 3 months. Some people will debate to eat or put the fire on this winter.

The USD is the reference currency, so if it does well, the pound has to drop. So will every currency with the USD has the base currency.
Don't trade what you think. Just what you see!!!
  • #676,760
  • Aug 18, 2022 5:36pm Aug 18, 2022 5:36pm
Cmon ..1950 only
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