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Cable Update (GBPUSD)

  • #677,041
  • Aug 19, 2022 7:40am Aug 19, 2022 7:40am
I remember yesterday, someone said that today a lot of Counter-Trend Traders will be wiped out. Forget his name. Even forget that in this forum or not. Damn my poor IQ
With courage, patience, and discipline, success is a matter of time.
  • #677,042
  • Aug 19, 2022 7:41am Aug 19, 2022 7:41am
going long 1.1834
POSTMASTER
  • #677,043
  • Aug 19, 2022 7:42am Aug 19, 2022 7:42am
Quoting BeeTogether
{quote} yeah london is expensive, and at times with very little value for money too.. but its home although we are talking at possible change of countries to move to lol Never been to the dungeons its on my tourist in my city bucket list lol
The value of Pound in terms of foreign currency is different from UK to Scotland.

Pound has lower value in Scotland.

I dunno why.

And the trip from Europe to London via Sea, I can not forget. Still in my memory
Intraday only.
  • #677,044
  • Aug 19, 2022 7:45am Aug 19, 2022 7:45am
Quoting Robinhood1
going long 1.1834
major low
POSTMASTER
  • #677,045
  • Aug 19, 2022 7:48am Aug 19, 2022 7:48am
Quoting Robinhood1
{image}
riding it down to 81/82 as it stands now
POSTMASTER
  • #677,046
  • Aug 19, 2022 7:49am Aug 19, 2022 7:49am
Bulls are starting to fight!!
Don't trade what you think. Just what you see!!!
  • #677,047
  • Aug 19, 2022 7:50am Aug 19, 2022 7:50am
Have we finally touched today's bottom, thus seeing a bounce from here on out?
  • #677,048
  • Aug 19, 2022 7:51am Aug 19, 2022 7:51am
Averaging loss
Loaded some longs @1.1830

Tight SL 1.1809
Face 'ur fears & tame 'ur greed
  • #677,049
  • Edited 8:02am Aug 19, 2022 7:51am | Edited 8:02am
Had a quick Mega scalp on EU with precise entries

EU not GU though.


Kind regards,

RD
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  • #677,050
  • Aug 19, 2022 7:55am Aug 19, 2022 7:55am
Quoting JameRomeo168
I remember yesterday, someone said that today a lot of Counter-Trend Traders will be wiped out. Forget his name. Even forget that in this forum or not. Damn my poor IQ
That because they sell at the LOW and buy at the HIGH.

FOMO really sucks.

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...because you never know - until you do!
  • #677,051
  • Aug 19, 2022 7:55am Aug 19, 2022 7:55am
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  • #677,052
  • Aug 19, 2022 7:58am Aug 19, 2022 7:58am
What fallen down must go up, when fallen fast can go up fast too
People don't plan to lose. They lose because they don't plan.
  • #677,053
  • Aug 19, 2022 8:01am Aug 19, 2022 8:01am
Quoting greed
{quote} Thank you for your detailed reply. It's kinda funny tho, how we both seem to avoid answering each others questions In order to meet you i want to be plain. If i have to forcefully make a point to what i was saying, i would state that this retail sentiments don't tell you nothing, besides how the very smallest participant in the forex market of which 70-80% of them loose all the time anyways is positioned. I firmly believe some people only use this sentiments for promoting their own view on the market....

Okay!

Here's what, sentiment chart is a tool to continue the doom cycle IMO

Like you said, statistically, the participants whose data is being used as sentiment only 5% are consistently profitable. So, instead of using that as sentiment, you can always use that as an hedge chart do opposite of what you see. Honestly, no report is what looking at, even COT, all can be manipulated.

For instance, when you look at the majority selling, look at the charts and see what is happening, if it's doing otherwise, find why people sold and why the chart is pumping and punishing the majority. If you discover anything, you take note. This is how you discover tricks being played in the markets by large operators.

Kind regards,
  • #677,054
  • Aug 19, 2022 8:02am Aug 19, 2022 8:02am
Quoting Theoak
Bulls are starting to fight!!
Lock and loaded
Don't trade what you think. Just what you see!!!
  • #677,055
  • Aug 19, 2022 8:08am Aug 19, 2022 8:08am
Quoting Theoak
{quote} 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...
[/b]
Theoak, happy as always to trade financial markets and interact in this thread. I use TA to keep my emotions in check and not as a truth written in stone. When the market gets into my PRZ I need to see the signs from the price action that the reversal is occurring. It's a very simple approach.
Always trade your own plan...I don't provide trading signals.
  • #677,056
  • Aug 19, 2022 8:09am Aug 19, 2022 8:09am
Aiming for a headshot … let’s take out these zombie bears
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Insane in the Brain..
  • #677,057
  • Aug 19, 2022 8:10am Aug 19, 2022 8:10am
Quoting ScalaFX
What fallen down must go up, when fallen fast can go up fast too
I dont expect a fast rise, but i think next week will be very good for bulls.
Face 'ur fears & tame 'ur greed
  • #677,058
  • Aug 19, 2022 8:13am Aug 19, 2022 8:13am
Quoting JereMi256
{quote} I dont expect a fast rise, but i think next week will be very good for bulls.
We do have the Tory leadership results next week I think. That could send the pound down big time. Also I think we haven’t seen the end of 118
Insane in the Brain..
  • #677,059
  • Aug 19, 2022 8:30am Aug 19, 2022 8:30am
Quoting BeeTogether
{quote} We do have the Tory leadership results next week I think. That could send the pound down big time. Also I think we haven’t seen the end of 118
my lowest long order is 1.1714
  • #677,060
  • Edited 8:49am Aug 19, 2022 8:38am | Edited 8:49am
Quoting BeeTogether
{quote} We do have the Tory leadership results next week I think. That could send the pound down big time. Also I think we haven’t seen the end of 118
Pound can crash to 0.0000 and I'm fine by it. It should make sure it gives me 1900 first then it can sink into the ocean.
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