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Cable Update (GBPUSD)

  • #682,381
  • Sep 9, 2022 8:07am Sep 9, 2022 8:07am
Truss opens chequebook
Oil hit its tl
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #682,382
  • Sep 9, 2022 8:07am Sep 9, 2022 8:07am
Target buy side liquidity from this FVG
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  • #682,383
  • Sep 9, 2022 8:07am Sep 9, 2022 8:07am
Quoting buffedmage
tweeking the trading systems will lead to something called doom cycle...so i reviewed the system must see this everyone , awesome informative video (5) Here's why you'll NEVER make money in Forex. The Forex Cycle of Doom... - YouTube

In my opinion, trading system doesn't make money b/c price will never respect and follow your system.
Risk management to the point that you don't get killed in at least 50 negative trade position and your mindset is the key.
Trade well.....
  • #682,384
  • Sep 9, 2022 8:12am Sep 9, 2022 8:12am
Quoting Bones
Truss opens chequebook Oil hit its tl {image} {image}

what i see tone
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  • #682,385
  • Sep 9, 2022 8:12am Sep 9, 2022 8:12am
I think we might see 1.13 and 1.12 next week

failure to reach 1.17 quarter point will send Gu back to 1.1500 half point

1.1625 look more like a liquidity grab
MY OPINION NOT FINANCIAL ADVISE
  • #682,386
  • Sep 9, 2022 8:14am Sep 9, 2022 8:14am
Quoting Otiken
{quote} I think its your risk level that kills you........ The truth is that price even though will do its thing it's way but it will still come our way b/c It never move just in one direction. So, as a trader, it becomes your duty to measure your risk level to the level that you don't get killed before comes your way....... Trade safe mate
nah,for 5k account the risk level in position size i took is not big , i think its the stupid decision of selling (because i mis understood as my system showed possibloe up coming bull trend)
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  • #682,387
  • Sep 9, 2022 8:15am Sep 9, 2022 8:15am
Quoting donfriday
I think we might see 1.13 and 1.12 next week failure to reach 1.17 quarter point will send Gu back to 1.1500 half point 1.1625 look more like a liquidity grab
yes don 1.17 is the keys
https://breakpullback.com
  • #682,388
  • Sep 9, 2022 8:18am Sep 9, 2022 8:18am
Quoting Otiken
{quote} In my opinion, trading system doesn't make money b/c price will never respect and follow your system. Risk management to the point that you don't get killed in at least 50 negative trade position and your mindset is the key. Trade well.....

system gives possible direction , respecting a price or not respecting it all depends upon how flexible the system is being developed , thats why we need to do a backtesting of any system in all conditions of market ..
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  • #682,389
  • Sep 9, 2022 8:19am Sep 9, 2022 8:19am
Quoting AlfieSolomon
Target buy side liquidity from this FVG {image}
Buyside Liquidity tagged i love ICT
  • #682,390
  • Sep 9, 2022 8:20am Sep 9, 2022 8:20am
Trend Gbpusd in up
  • #682,391
  • Sep 9, 2022 8:21am Sep 9, 2022 8:21am
Quoting Georginson
{quote} The girl don dey enter your eyes abi... Asawo man... Na joke o
Hahahahahahahaha, i knw my bro, Na so we dey joke for Naija, leave this white people small thing dem don vex.
For like date one forex girl see to see how she de think, hahahahahaha
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #682,392
  • Sep 9, 2022 8:22am Sep 9, 2022 8:22am
[quote=donfriday;14131738]I think we might see 1.13 and 1.12 next week failure to reach 1.17 quarter point will send Gu back to 1.1500 half point 1.1625 look more like a liquidity grab[/quo


do you think it will arrive today by 1.17
  • #682,393
  • Sep 9, 2022 8:25am Sep 9, 2022 8:25am
Sell 1.1591 target 1.1500 sl 1.1645
MY OPINION NOT FINANCIAL ADVISE
  • #682,394
  • Sep 9, 2022 8:27am Sep 9, 2022 8:27am
ty once again mister goldi
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gu is playing hard to get
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yes yes yes
  • #682,395
  • Sep 9, 2022 8:30am Sep 9, 2022 8:30am
Quoting Reverso
{quote} Long scenario materialized. Entry 1.16352, SL 1.15947, TP 1.16959 PUMP IT. EDIT: the only hurdle is another resistance 1.16555 which is not far above the entry, it was support since 29 Aug and then turned resistance since 31 Aug, then price never visit this level again and went down significantly. If we can clear 1.16555 and close above it, the trade will officially earn a higher safe rating. {image}
My Long got dumped by blockchain brothers and ate a SL. That resistance was in fact still valid, I should have hedged myself by adding a Short after the rejection with bearish engulfing occurred, it would have been TP by now, ending my day with -1 +1 still net profit due to reward higher than risk.

With that said, per my system I entered a Short not long after my Long hit SL.
Entry 1.15685, SL 1.16227, TP 1.14873.

Getting below that resistance we broken today will turn the bias into strong short again.
I think unlikely this trade will end with an outcome, due to Friday hours are limited, i will exit before market close regardless of result.
Currently the ongoing candle is leaving a long up wick, rejection off that resistance we broken today, by the time market near closing, i expect some slight profit.

Overall, a sad week it is, ending the week with breakeven due to I didn't manage the trade when it is close to key support/resistance level where rejection can occur and turn my profit into SL. Lesson learnt.
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https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 50.4%
  • #682,396
  • Sep 9, 2022 8:33am Sep 9, 2022 8:33am
The trend is up, please becareful with any shorts in my opinion.
  • #682,397
  • Sep 9, 2022 8:39am Sep 9, 2022 8:39am
Quoting Moty
ty once again mister goldi{image} gu is playing hard to get {image}
You are bringing your account to big risk, watch 4h structure and will.
  • #682,398
  • Sep 9, 2022 8:46am Sep 9, 2022 8:46am
Quoting nAVIN2007
{quote} what i see tone {image}
no way ! Navin
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #682,399
  • Sep 9, 2022 8:48am Sep 9, 2022 8:48am
ty mister canadi
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yes yes yes
  • #682,400
  • Sep 9, 2022 8:49am Sep 9, 2022 8:49am
Quoting Coreg2004
{quote} Nicco31, is possible as well as this scenario. {image}
My system tells me where my objective for any trade on any day will be.
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Always trade your own plan...I don't provide trading signals.
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