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Cable Update (GBPUSD)

  • #680,201
  • Sep 2, 2022 12:42am Sep 2, 2022 12:42am
Plan for today.

im will short Frankfurt
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  • #680,202
  • Sep 2, 2022 12:44am Sep 2, 2022 12:44am
Quoting buffedmage
{quote} Yep kinda almost 40-50 pips in my opinion... But still I don't wanna put TP... I hate it for limited profitability... But let's see if any reversals on pre us open . I close it
chance on my going wrong exists
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  • #680,203
  • Sep 2, 2022 12:48am Sep 2, 2022 12:48am
lesson learned
switched to short
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yes yes yes
  • #680,204
  • Sep 2, 2022 12:48am Sep 2, 2022 12:48am
Quoting PatienceFx
{quote} chance on my going wrong exists {image}

Yes it will... It's in mid .. It may flip down or up.. That's why I hold...need patience....i got enough margin to hold
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  • #680,205
  • Sep 2, 2022 12:50am Sep 2, 2022 12:50am
SHORT 1.1545 +5 tp no sl, little cheeky one before work
  • #680,206
  • Sep 2, 2022 12:51am Sep 2, 2022 12:51am
Quoting Moty
lesson learned switched to short {image} {image}
Share the lesson
it must be important one for us


btw, 1.14098 it is bears target, no way it will be in one shot, but this is only my opinion
friday, big news on the way, imo we will retrace 50 percent of this week Down move
  • #680,207
  • Sep 2, 2022 12:55am Sep 2, 2022 12:55am
LOng .1551will try and hold for daily close over .1620 and the for the run up to .2000
short trump and go long the deepstate
  • #680,208
  • Sep 2, 2022 12:57am Sep 2, 2022 12:57am
Quoting Moty
lesson learned switched to short
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{image} {image}
cable does that sometimes
  • #680,209
  • Sep 2, 2022 1:01am Sep 2, 2022 1:01am
Update :-
Still holding needs Patience ...I ENTERED on Middle of the move...which means it has the risk of flipping opposite side. If Europe fails to bring bulls then the NFP will bring bulls
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  • #680,210
  • Sep 2, 2022 1:02am Sep 2, 2022 1:02am
Quoting PatienceFx
going long cable @ 1553 for 30 pips , no sl
i will keep that trade open till nfp
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  • #680,211
  • Sep 2, 2022 1:11am Sep 2, 2022 1:11am
Quoting PatienceFx
{quote} i will keep that trade open till nfp {image}
target 1.16 set
  • #680,212
  • Sep 2, 2022 1:13am Sep 2, 2022 1:13am
Quoting Moty
lesson learned switched to short {image} {image}
You at least learnt lesson, And I am still taking longs and loosing.

ha..ha..
Intraday only.
  • #680,213
  • Sep 2, 2022 1:14am Sep 2, 2022 1:14am
Quoting Waveskierrob
SHORT 1.1545 +5 tp no sl, little cheeky one before work
Tp hit +5
  • #680,214
  • Sep 2, 2022 1:18am Sep 2, 2022 1:18am
Quoting PatienceFx
{quote} i will keep that trade open till nfp {image}
It is almost a guarantee that you'll make profit. NFP today will be useless. If it is all green price will still go up on the guise that fears of recession are waning. If it is red price will still go up with the excuse that Fed may reduce the size of their tightening. No shorts!
  • #680,215
  • Sep 2, 2022 1:19am Sep 2, 2022 1:19am
Quoting Whale
{quote} Share the lesson it must be important one for us btw, 1.14098 it is bears target, no way it will be in one shot, but this is only my opinion friday, big news on the way, imo we will retrace 50 percent of this week Down move
trade only with the trend
don't guess ,
don't look for a reversal , look at the chart and what it say to you
wait for conformation
don't look at dx and uj and think that if they reached a res so it's time for gu to go up
listen to the pivot

on the false break that i marked , i lost 340 $ because i didn't do anything from the above
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yes yes yes
  • #680,216
  • Sep 2, 2022 1:27am Sep 2, 2022 1:27am
All the buys are good below 1.1530 as long as you have a wide sl more than 100 pips. But i'd wait for some time until ECB. I think it's looking to catch the SL below of psychological PA 1.15. It is looking to gather some momentum and get strong support by likley be trading for a 2 trading days and make a signifiacant move.

In the chart watch the TL's closely and most importantly the prices. 1.1512 - 1.1473 - 1.1430.
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  • #680,217
  • Sep 2, 2022 1:28am Sep 2, 2022 1:28am
Quoting Moty
{quote} trade only with the trend don't guess , don't look for a reversal , look at the chart and what it say to you wait for conformation don't look at dx and uj and think that if they reached a res so it's time for gu to go up listen to the pivot on the false break that i marked , i lost 340 $ because i didn't do anything from the above {image}
All true and wrong.
trading is much more than that.

That’s why TA will always failed, no guarantee, it tactic, you need strategy.
strategy is a set of things, money and risk management, discipline! Without it even the perfect TA will be useless.
  • #680,218
  • Sep 2, 2022 1:37am Sep 2, 2022 1:37am
Remember 1491 was 161.8% fib .
  • #680,219
  • Sep 2, 2022 1:41am Sep 2, 2022 1:41am
Quoting Mitiblotch
{quote} It is almost a guarantee that you'll make profit. NFP today will be useless. If it is all green price will still go up on the guise that fears of recession are waning. If it is red price will still go up with the excuse that Fed may reduce the size of their tightening. No shorts!
Like seriously price is overdue for massive reversal .. buy has been put back at 1.1535... will hold till 1.2000 this time as far as 1.14 stays unbroken.
Data + Stat + Risk/Emotions Management
  • #680,220
  • Sep 2, 2022 1:42am Sep 2, 2022 1:42am
GBP USD Still TESTING my PATIENCE
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