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Cable Update (GBPUSD)

  • #679,561
  • Aug 31, 2022 4:40am Aug 31, 2022 4:40am
Quoting donfriday
{quote} counter trend meaning u are looking for a discount in the main trend as it stands now it make no sense selling from historical low i believe u can actually see it urself looking at the chart, correction to 1.20 and 1.25 is possible in 1M-2M from now. {image}


Yes, I agree with you that there could be possible correction to 1.20 - 1.25 but the fact remains that we trade in the now. I mean what is currently happening. I don't like predicting price because price mostly disappoints us and do whatever it like and that's why I try as hard as I can to keep following the price until it changes it mood and start something else.
Trading is a hard job and that's why I always try to do what will cost me less pain.
I hope you understand were I'm coming from.......
Happy trading
  • #679,562
  • Aug 31, 2022 4:44am Aug 31, 2022 4:44am
Quoting JereMi256
Asia Dump? Only time will tell! {image}
Asia session moved up to fill an Imbalance ,down pressure resumes
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Face 'ur fears & tame 'ur greed
  • #679,563
  • Aug 31, 2022 4:57am Aug 31, 2022 4:57am
Quoting voeltoez
{quote} SL hit
yes
was a very important tourning point...STL very little
  • #679,564
  • Aug 31, 2022 4:59am Aug 31, 2022 4:59am
138.80 breached on USD/JPY...time to say goodbye!
If GBP/USD is going down, then USD/JPY 99% of the times is going up.
140 I'm coming for ya buddy!
USD/CAD broke HH.
  • #679,565
  • Aug 31, 2022 5:00am Aug 31, 2022 5:00am
Quoting Matej.FX
Pound is going to crash and burn today. Georginson 1.1560 was the level right?
Not really, not today bud! And why do you think so?!
I live in the future
  • #679,566
  • Aug 31, 2022 5:03am Aug 31, 2022 5:03am
Quoting Indiara
{quote} My stop loss protects my trade now {image}

There we are. My 40 pips are in my bank now

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I am neither brave nor stupid...I am just a part time trader
  • #679,567
  • Aug 31, 2022 5:04am Aug 31, 2022 5:04am
I don't think this is a good trade. But long 1625.
  • #679,568
  • Aug 31, 2022 5:04am Aug 31, 2022 5:04am
We are testing yesterday’s low already. Even the high inflation report from the EU hasn’t helped the pair. 11550 (rounded number) next I think.
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Insane in the Brain..
  • #679,569
  • Aug 31, 2022 5:06am Aug 31, 2022 5:06am
Quoting TonyTepeli
{quote} Not really, not today bud! And why do you think so?!
It just broke the Support, after this annoying but necessary retracement Pound will visit 1.15.
  • #679,570
  • Aug 31, 2022 5:07am Aug 31, 2022 5:07am
Quoting Theoak
Short in at 1.1659 target 1.1631 sl 1.1675
Time for the Bull ride

Long in at 1.1633
Don't trade what you think. Just what you see!!!
  • #679,571
  • Aug 31, 2022 5:08am Aug 31, 2022 5:08am
All out at y's low area
Gained back 90 $ from y's 95 $ loss
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summery of the last 2 days
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yes yes yes
  • #679,572
  • Aug 31, 2022 5:08am Aug 31, 2022 5:08am
Quoting Theoak
{quote} Time for the Bull ride Long in at 1.1633
Retracement time yup. After 50% OR 61% Fibo, depends, I'm shorting Pound.
  • #679,573
  • Aug 31, 2022 5:10am Aug 31, 2022 5:10am
Quoting Matej.FX
{quote} Retracement time yup. After 50% OR 61% Fibo, depends, I'm shorting Pound.
Long term I'm short, but trying to get a retrace Bud
Don't trade what you think. Just what you see!!!
  • #679,574
  • Aug 31, 2022 5:13am Aug 31, 2022 5:13am
Quoting Theoak
{quote} Long term I'm short, but trying to get a retrace Bud
Of course, why not!
  • #679,575
  • Aug 31, 2022 5:16am Aug 31, 2022 5:16am
Quoting Otiken
{quote} Yes, I agree with you that there could be possible correction to 1.20 - 1.25 but the fact remains that we trade in the now. I mean what is currently happening. I don't like predicting price because price mostly disappoints us and do whatever it like and that's why I try as hard as I can to keep following the price until it changes it mood and start something else. Trading is a hard job and that's why I always try to do what will cost me less pain. I hope you understand were I'm coming from....... Happy trading
You are so right buddy. Counter-trend trading is dangerous. It is basically "risking dollars to make pennies". Unless a trader sees a possible reversal, it is always safer to sell the pullbacks in a downtrend/buying dips in an uptrend.

Swimming against the current is tiring, dangerous and not wise overall.

I know a scalper who made great returns last year from US30 & SP500 while just buying the dips in a bull market. He went against the bear market trend this year and lost all his funds.
You have to have an IQ higher than 90 to interact with this user.
  • #679,576
  • Aug 31, 2022 5:16am Aug 31, 2022 5:16am
Quoting voeltoez
... H4 is Bearish with Target test 1.1620, If Break we will see 1.1520 (low 24 march) Focus To Sell..Long for scalp only. cmiiw post 3 {quote} halving target..very slow market..dont wanna take risk.. aussie very hard to tame..lol edit : using FF feature to merge 3 post.. {image} {image}
i think bear is ooooveeeer now...time to scalp long..
  • #679,577
  • Aug 31, 2022 5:17am Aug 31, 2022 5:17am
I expect one more 15M candle to do a retracement and that's it.
  • #679,578
  • Aug 31, 2022 5:18am Aug 31, 2022 5:18am
Quoting Moty
All out at y's low area Gained back 90 $ from y's 95 $ loss {image}summery of the last 2 days {image}
congrats moty with ur new trading system
  • #679,579
  • Aug 31, 2022 5:21am Aug 31, 2022 5:21am
It's tempting to go long for the retracement
It's usually what i do and loss big
This time i will wait for only short signals
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yes yes yes
  • #679,580
  • Aug 31, 2022 5:22am Aug 31, 2022 5:22am
Quoting Matej.FX
Pound is going to crash and burn today. Georginson 1.1560 was the level right?
GBP/USD could taget 1.1550 with a drop below 1.1620.
1.1620 (multi-year lows, mid-point of the descending channel) aligns as first support. Below that level, 1.1600 (psychological level) could act as interim support before the pair could extend its losses toward 1.1550 (lower-limit of the descending channel).”
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