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Cable Update (GBPUSD)

  • #681,321
  • Sep 6, 2022 8:14am Sep 6, 2022 8:14am
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yes yes yes
  • #681,322
  • Sep 6, 2022 8:16am Sep 6, 2022 8:16am
Quoting dempire1
{quote} Sell limit activated @ London. Shorting uptrend. Might get lucky this time. Turns out I’ve been hunting with the big boyz SL moved to 1.16110 {image}
TP hit. Got lucky this time. Seems like it was good idea to hunt with big boiz and ignore institutional dads…
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How to succeed in zero sum game?
  • #681,323
  • Sep 6, 2022 8:17am Sep 6, 2022 8:17am
Quoting dempire1
{quote} TP hit. Got lucky this time. Seems like it was good idea to hunt with big boiz and ignore institutional dads… {image}
the show isnt over ...you seriously needs to master patience !
Blank and Empty
  • #681,324
  • Sep 6, 2022 8:22am Sep 6, 2022 8:22am
UJ
Has been flying hard just like an Eagle.
I missed the whole move, and there was a low risk entry
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DXY looks like it will retrace,
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Before breaking that level!
More time in the market, does not mean you trade better!
  • #681,325
  • Sep 6, 2022 8:23am Sep 6, 2022 8:23am
Quoting buffedmage
{quote} the show isnt over ...you seriously needs to master patience !
yea you’re right. I’m just a regular retail trader and need to learn more about patience. Thanks for the tip tho. Hopefully your trade goes well
How to succeed in zero sum game?
  • #681,326
  • Sep 6, 2022 8:24am Sep 6, 2022 8:24am
Quoting buffedmage
{quote} enter bottom and sell top ..never enter middle ...i personally lost and blown account many times by doing that mistake
Per my system, entering Long via my lower key level is 1 of the earlier entry trigger, i guess how early depends on each people's system.
My trade actually worked, in hindsight i should have exited when the first big bearish engulfing has printed, because my trade traveled 80% to TP is also the resistance area, the bounce is also off my upper key level, but anything can happen, it's a tough choice by choosing to follow strict fixed TP/SL rule or to follow price action. I've seen many times the trade printed nonsense price action that eventually lead to TP.

It's fine, if the price stay this way until today ends, most likely tomorrow's bias will switch back to bearish and trade my system trigger again, hopefully a TP to cover my 1st SL this week. Long term trend is down anyway, price is just doing what it is suppose to do, revert the trend back to its course.
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  • #681,327
  • Sep 6, 2022 8:28am Sep 6, 2022 8:28am
DXY
IS it possible?
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More time in the market, does not mean you trade better!
  • #681,328
  • Sep 6, 2022 8:29am Sep 6, 2022 8:29am
Only bad USD news can save pound now
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #681,329
  • Sep 6, 2022 8:34am Sep 6, 2022 8:34am
Quoting Theoak
{quote} Red Bull kicking in!!!!
Needs a couple of more cans.
  • #681,330
  • Sep 6, 2022 8:43am Sep 6, 2022 8:43am
Quoting Chris_35
{quote} Needs a couple of more cans.
Just pulled the plug on this... small loss. I could not take the chance on news. I would rather play the move of the market makers. I'm sure they push the market to slaughter retail. Good luck with your shorts. I'll be jumping back in after news and play their moves, but it's very stressful.

I think they may push it up to then slam down, but we will see!!

Good luck Bud
Don't trade what you think. Just what you see!!!
  • #681,331
  • Sep 6, 2022 8:43am Sep 6, 2022 8:43am
Gbpusd waiting to long at 1.15260
  • #681,332
  • Sep 6, 2022 8:45am Sep 6, 2022 8:45am
Quoting Theoak
{quote} Just pulled the plug on this... small loss. I could not take the chance on news. I would rather play the move of the market makers. I'm sure they push the market to slaughter retail. Good luck with your shorts. I'll be jumping back in after news and play their moves, but it's very stressful. I think they may push it up to then slam down, but we will see!! Good luck Bud
if tats the case we might get chance to vist 1.1636 region and down probably
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  • #681,333
  • Sep 6, 2022 8:47am Sep 6, 2022 8:47am
Gold short at 1710
  • #681,334
  • Sep 6, 2022 8:50am Sep 6, 2022 8:50am
As long as 1.1648 holds GU is vulnerable to making a new low as per my method.
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Always trade your own plan...I don't provide trading signals.
  • #681,335
  • Sep 6, 2022 8:51am Sep 6, 2022 8:51am
Quoting buffedmage
{quote} if tats the case we might get chance to vist 1.1636 region and down probably {image}
I expect it to take these lows out, but the only concern was it was at lowest point of two yesr where it bounced before 5day bull ride.

Lets see
Don't trade what you think. Just what you see!!!
  • #681,336
  • Sep 6, 2022 8:51am Sep 6, 2022 8:51am
Quoting Coreg2004
As long as 1.1648 holds GU is vulnerable to making a new low as per my method. {image}
yep, it will give as a bearish cypher too
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  • #681,337
  • Sep 6, 2022 8:55am Sep 6, 2022 8:55am
Yes Coreg Gbpusd will retrace and then sell down again
  • #681,338
  • Sep 6, 2022 8:56am Sep 6, 2022 8:56am
Love waking up to the usual Red!
Master your mind. Master Trading.
  • #681,339
  • Sep 6, 2022 8:58am Sep 6, 2022 8:58am
sell limit at 1.166 placed, stop above 1.172, target is 1.146 and below

https://www.theguardian.com/world/20...ed-says-moscow

Quote
Russia will not resume gas supplies to Europe until sanctions lifted, says Moscow
Quote
Kremlin blames western sanctions for failure to deliver gas through Nord Stream 1 pipeline

Energy prices should be higher, affecting growth and inflation, which is negative for EUR and GBP, especially against the USD. Rallies in Cable will likely be sold.

https://www.barchart.com/futures/quo...eractive-chart
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #681,340
  • Sep 6, 2022 9:02am Sep 6, 2022 9:02am
With the news spike just now, price touched my daily pivot today which is located way down, today is a heavy sell day.
I am looking to buy if price gave me a V shape recovery, bounce upwards from my daily pivot and unable to break below it.
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