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Cable Update (GBPUSD)

  • #677,801
  • Aug 23, 2022 10:02am Aug 23, 2022 10:02am
Quoting Whale
{quote} Lol, fine. My target is 129 to be honest, with my current short.
That is around 50 Fibo if I'm not mistaken.
  • #677,802
  • Aug 23, 2022 10:04am Aug 23, 2022 10:04am
Quoting OBsayMkMoney
{quote} NEVER? My friend you are in the beginning of a death spiral. Get out. You are taking your trades way too personally unless this is a joke. The more personal you take your trades, the more it will seem like your person is being attacked, and when you expect failure it comes for you in spades my friend. If that happens.. quit trading for 3 weeks.. you will HAVE to reset. Good luck.
IDF (I Don't Fail).
Hahah

Also, I'm getting sick of the USD already. May it fall as fast as it has climbed up.
  • #677,803
  • Aug 23, 2022 10:05am Aug 23, 2022 10:05am
Quoting Wavegarrick
{quote} Anyway Folks. I cannot say that I have been successful in my trading in the last couple of months.. I have probably F%cked up, but hey, this is the nature of trading. I have protected my trades and come out with minimal profits/losses but also lost out on some good profits. I got into some some sell trades but not something I like to promote in this area. From past experience price can shoot up 500 pips in a mo around here. We also have the 20th to month end which could be a changer. My monthly pivot at 1.20614. There will be better days...
Hi Guys,
I have closed my last surviving sell trade for 1100 pips and essentially am flat now. We have crossed my weekly open at 1.18153 ish and I hope to see a daily close above this level. I will look for a possible buy trade towards my future daily pivot at 1.18137 ish and also for an overshoot towards 1.1800. It will be essential for a rejection from 1.18 and I will be looking for a higher candle close or higher high.
Hope to update tomorrow.
Trade safe.
Cheers.
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Trade to trade another day
  • #677,804
  • Aug 23, 2022 10:13am Aug 23, 2022 10:13am
Fabulous 6.4 k. Two accounts.

I am out from my PC for the day.

Sorry..sorry... I am out from MT4.

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Intraday only.
  • #677,805
  • Aug 23, 2022 10:14am Aug 23, 2022 10:14am
Pound already got over 1.14 vs CHF. Last low was exactly at 1.13.
  • #677,806
  • Aug 23, 2022 10:16am Aug 23, 2022 10:16am
add long target 1.1900
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  • #677,807
  • Aug 23, 2022 10:17am Aug 23, 2022 10:17am
Quoting Matej.FX
{quote} That is around 50 Fibo if I'm not mistaken.
Maybe

daily Fvg with 100 fib FE
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  • #677,808
  • Aug 23, 2022 10:21am Aug 23, 2022 10:21am
Quoting Georginson
That was a very good bounce... But can't wrap my head around it on why I strongly feel it's still heading to 1.1576 area before final 450+ pips bounce.

Definitely It will. It's just a mater of collecting more orders.

Kind regards
  • #677,809
  • Aug 23, 2022 10:21am Aug 23, 2022 10:21am
Quoting navk
Fabulous 6.4 k. Two accounts. I am out from my PC for the day. Sorry..sorry... I am out from MT4. {image} {image}

Wait... you didn't close those in profit yet?

Oh boy.. Forex rule number 6080 incoming.
Don't compare your trades to others. Most often the masses are the asses
  • #677,810
  • Aug 23, 2022 10:22am Aug 23, 2022 10:22am
Quoting Matej.FX
Pound already got over 1.14 vs CHF. Last low was exactly at 1.13.
Today we had a very strong bull action. On USD/JPY we also had extremely heavy sell-off of USD.
I say we wait for tommorow again for NY open to see what is really going on after this wild day. London is horrible and only keeps making false signals left and right, almost seems like they don't have any clue where to take the price and are waiting for their Boss in America. Is it me or NY session is much easier to trade?
  • #677,811
  • Aug 23, 2022 10:24am Aug 23, 2022 10:24am
Quoting OBsayMkMoney
{quote} Wait... you didn't close those in profit yet? Oh boy.. Forex rule number 6080 incoming.
close, open, close, open, close, open and close.

ha...ha...

Now all CLOSE.

Intraday only.
  • #677,812
  • Aug 23, 2022 10:25am Aug 23, 2022 10:25am
Quoting Whale
{quote} Maybe daily Fvg with 100 fib FE {image}
Okey... But we can look at it at different angle. I am starting to look at it as that today we had a LH actually and that a down-trend perhaps is starting to form. Hmm, don't know anything yet honestly but we should definitely tell what on Earth is going on after this week is over.
  • #677,813
  • Aug 23, 2022 10:28am Aug 23, 2022 10:28am
Quoting Matej.FX
{quote} Okey... But we can look at it at different angle. I am starting to look at it as that today we had a LH actually and that a down-trend perhaps is starting to form. Hmm, don't know anything yet honestly but we should definitely tell what on Earth is going on after this week is over.
Bulls took 100 pips back
  • #677,814
  • Aug 23, 2022 10:29am Aug 23, 2022 10:29am
Quoting thatRichDude
{quote} Definitely It will. It's just a mater of collecting more orders. Kind regards
From earlier you are too sure boy.

Cheers
https://breakpullback.com
  • #677,815
  • Aug 23, 2022 10:29am Aug 23, 2022 10:29am
Moti, I saw your bolinger band set up.

This is my set up.

Just using 5 min chart.
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Intraday only.
  • #677,816
  • Aug 23, 2022 10:31am Aug 23, 2022 10:31am
Quoting Matej.FX
{quote} Okey... But we can look at it at different angle. I am starting to look at it as that today we had a LH actually and that a down-trend perhaps is starting to form. Hmm, don't know anything yet honestly but we should definitely tell what on Earth is going on after this week is over.

I am with you my friend.. on the analysis side of things that is. Which is why in your shoes I would take the profit.. close the trades, and enter when more surety comes into play. I have done what you are doing.. and was spanked for it. The only real money is realized money. An in profit trade is just fantasy money until you close that puppy. Just my 2 cents though.. I could be wrong. But you will be less sorry closing and POSSIBLY missing profits than leaving it open and POSSIBLYlosing them entirely.
Don't compare your trades to others. Most often the masses are the asses
  • #677,817
  • Aug 23, 2022 10:31am Aug 23, 2022 10:31am
Closed Gbpusd short.
  • #677,818
  • Aug 23, 2022 10:35am Aug 23, 2022 10:35am
Quoting Whale
{quote} Bulls took 100 pips back
True.. Well, let's if they can conquer 137 again or not. If they can then price movement is quite straight forward is heading to last High no doubt about it. Where it actually is at the moment I think it's crucial where the price heads now before NY close.
  • #677,819
  • Aug 23, 2022 10:38am Aug 23, 2022 10:38am
Quoting OBsayMkMoney
{quote} I am with you my friend.. on the analysis side of things that is. Which is why in your shoes I would take the profit.. close the trades, and enter when more surety comes into play. I have done what you are doing.. and was spanked for it. The only real money is realized money. An in profit trade is just fantasy money until you close that puppy. Just my 2 cents though.. I could be wrong. But you will be less sorry closing and POSSIBLY missing profits than leaving it open and POSSIBLYlosing them entirely.
Yes that is entirely true and I know it..
We always wanna get at the best price and on the bottom or the top of the trend. Sadly, tops and bottoms were called at least 20 times already while the price keeps surprising us..
  • #677,820
  • Aug 23, 2022 11:25am Aug 23, 2022 11:25am
Quoting navk
Moti, I saw your bolinger band set up. This is my set up. Just using 5 min chart. {image}
i think it will work on m30+ ...trend catcher
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