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Cable Update (GBPUSD)

  • #681,981
  • Sep 8, 2022 7:24am Sep 8, 2022 7:24am
Quoting Moty
{image}
yes Moti, it may be possible..still something left in pound for today
Intraday only.
  • #681,982
  • Sep 8, 2022 7:25am Sep 8, 2022 7:25am
Quoting Indiara
a lot of news coming over the next hour. My UJ trade might get killed or it might go all the way to TP line. I could close it now and take some pips, but I think I won't. The market can choose for me

So market decided to eat my SL. Easy to say now that I should have taken some pips, but I will not look back, only look forward! So much news was bound to cause problems, so I'm not sad. Still ahead this week.

Attached Image (click to enlarge)
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I am neither brave nor stupid...I am just a part time trader
  • #681,983
  • Sep 8, 2022 7:25am Sep 8, 2022 7:25am
I love when ppl say 'Today rate hike will took place, imma long' so naively!
I used to do that, and innocent me, i get wreck every time,
The answer is Here
More time in the market, does not mean you trade better!
  • #681,984
  • Sep 8, 2022 7:29am Sep 8, 2022 7:29am
Quoting Georginson
{quote} Target attained.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #681,985
  • Sep 8, 2022 7:31am Sep 8, 2022 7:31am
Quoting Coreg2004
{quote} Georginson, did you start to use EW principles in your TA?... {image}
I don't even know how to apply Elliot Waves, I'm just applying price action and distance covered on lower time frame (4 hours and 1 candles).
Data + Stat + Risk/Emotions Management
  • #681,986
  • Sep 8, 2022 7:41am Sep 8, 2022 7:41am
1st TP for today 1581-1594
  • #681,987
  • Sep 8, 2022 7:49am Sep 8, 2022 7:49am
Waiting....After news (Fed Chair Powell Speech), I will decide what to do?
Attached Image (click to enlarge)
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Intraday Trading is an Art _ hoda
  • #681,988
  • Sep 8, 2022 7:50am Sep 8, 2022 7:50am
Quoting Indiara
{quote} So market decided to eat my SL. Easy to say now that I should have taken some pips, but I will not look back, only look forward! So much news was bound to cause problems, so I'm not sad. Still ahead this week. {image}
learn to trade gu, it is much better
  • #681,989
  • Sep 8, 2022 7:51am Sep 8, 2022 7:51am
With 9.1% from 8.9% Eurozone HCPI expected on Sept 16(i think)
ECB projection for Real GDP Growth rate rises from 2.8% (June) to 3.1%(Sept) for 2022,
And ECB inflation projection raise from 7.4% (6.8%-8%)[expected] to Avg 8.1%

On OCT 27, we might see ECB hike another 75bps.

But for the time being, i think swap market will start to priced in 50bps hike, depending on the tone at the conference
More time in the market, does not mean you trade better!
  • #681,990
  • Sep 8, 2022 7:55am Sep 8, 2022 7:55am
Quoting maxi444
{quote} learn to trade gu, it is much better
All pairs have their personality, but when so much news comes along it really is a gamble. I gambled with my sure 40 pips, and I lost. So I came out with no win and no loss. Is ok, my eyes were open. Another day tomorrow
I am neither brave nor stupid...I am just a part time trader
  • #681,991
  • Sep 8, 2022 7:59am Sep 8, 2022 7:59am
Quoting Indiara
{quote} All pairs have their personality, but when so much news comes along it really is a gamble. I gambled with my sure 40 pips, and I lost. So I came out with no win and no loss. Is ok, my eyes were open. Another day tomorrow
often the news are no trade, better it is before or following the news
  • #681,992
  • Sep 8, 2022 8:02am Sep 8, 2022 8:02am
Quoting maxi444
{quote} often the news are no trade, better it is before or following the news
Yes, but I was already in my trade about 4 hours before the news. I could exit before the news, or ride the news and see. I chose to ride the news.
I am neither brave nor stupid...I am just a part time trader
  • #681,993
  • Sep 8, 2022 8:09am Sep 8, 2022 8:09am
100% clueless About GU
  • #681,994
  • Sep 8, 2022 8:10am Sep 8, 2022 8:10am
Ranging hard may be
Attached Image (click to enlarge)
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  • #681,995
  • Sep 8, 2022 8:11am Sep 8, 2022 8:11am
Quoting Waveskierrob
{quote} Added SHORTIE 1.1543 no tp no sl
Closed SHORTIE 1.1483 +60
  • #681,996
  • Sep 8, 2022 8:11am Sep 8, 2022 8:11am
That’s a dump and a half.. EU raises rates and no reaction then a dump after!
Insane in the Brain..
  • #681,997
  • Sep 8, 2022 8:12am Sep 8, 2022 8:12am
Quoting BeeTogether
That’s a dump and a half.. EU raises rates and no reaction then a dump after!
typical friday lol
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  • #681,998
  • Sep 8, 2022 8:13am Sep 8, 2022 8:13am
Quoting buffedmage
{quote} typical friday lol
But it's a Thursday! Lol
Insane in the Brain..
  • #681,999
  • Sep 8, 2022 8:13am Sep 8, 2022 8:13am
Quoting BeeTogether
{quote} But it's a Thursday! Lol
oh yea forgot what day today is..my bad..always happens when i get focused too much on charts
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  • #682,000
  • Sep 8, 2022 8:18am Sep 8, 2022 8:18am
whatever the Powell givng speech must be helping my current position for while...im a noob at fundamentals,
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