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Cable Update (GBPUSD)

  • #682,901
  • Sep 12, 2022 2:53pm Sep 12, 2022 2:53pm
Quoting eyefeelsix
{quote} sl is the most hard part of trading, if correct in determining, the level will be hard to broken and vice versa btw, maybe we see more than 3k trading system threads on FF mostly discussing how to make a profit, but not a single thread discussing how to keep the profits ( and I haven't found it yet ) lol
Could not agree more. If the profits exceeds losses and losses are cut to a minimum, then we are on the right track.

Not many threads on profits, perhaps you would like to create one?
  • #682,902
  • Sep 12, 2022 4:12pm Sep 12, 2022 4:12pm
Quoting Waveskierrob
{quote} SHORT x 7 BE 1.1590 ...fingers crossed
Tomorrow CPI could be anything. I just holding a quarter of my comfortable size.
Trade safe buddy....
  • #682,903
  • Edited 7:08pm Sep 12, 2022 6:16pm | Edited 7:08pm
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No pen no gen
  • #682,904
  • Sep 12, 2022 7:32pm Sep 12, 2022 7:32pm
US Inflation

Both CPI headline and Core Down- USD Down
CPI down but Core UP- USD UP
CPI UP , Core Down - USD Down
Both CPI & Core UP- USD UP

Expectation-
CPI Down
Core- Between Unchanged to slightly Down.

Overall USD down

GU UP
More time in the market, does not mean you trade better!
  • #682,905
  • Sep 12, 2022 9:07pm Sep 12, 2022 9:07pm
Quoting eyefeelsix
{quote} sl is the most hard part of trading, if correct in determining, the level will be hard to broken and vice versa btw, maybe we see more than 3k trading system threads on FF mostly discussing how to make a profit, but not a single thread discussing how to keep the profits ( and I haven't found it yet ) lol
yea. agree.

My simple method : My pocket has been filled up. So no more trading even if the price moves to sky high.

I have been following this.

If I make 0.5 to 1.5 percent in a day , I call it a day.

Risk management, i am forced to apply.
Intraday only.
  • #682,906
  • Sep 12, 2022 9:24pm Sep 12, 2022 9:24pm
Expect the price to go up when frankfurt opens...

Then on LO... price to drop...and then on.

Let us see.

Or else vice versa.

This is theory.

Will watch PA and trade accordingly. This brings success
Intraday only.
  • #682,907
  • Sep 12, 2022 10:38pm Sep 12, 2022 10:38pm
Quoting Fardeen1209
US Inflation Both CPI headline and Core Down- USD Down CPI down but Core UP- USD UP CPI UP , Core Down - USD Down Both CPI & Core UP- USD UP Expectation- CPI Down Core- Between Unchanged to slightly Down. Overall USD down GU UP
excellent post

this is what i am always looking for
  • #682,908
  • Sep 12, 2022 10:54pm Sep 12, 2022 10:54pm
Quoting navk
Expect the price to go up when frankfurt opens... Then on LO... price to drop...and then on. Let us see. Or else vice versa. This is theory. Will watch PA and trade accordingly. This brings success
purchased on your recommendation
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  • #682,909
  • Sep 12, 2022 11:13pm Sep 12, 2022 11:13pm
Quoting PatienceFx
{quote} purchased on your recommendation {image}
pay me 50 %.

Unfortunately, I work on sharing basis only.

Intraday only.
  • #682,910
  • Sep 12, 2022 11:18pm Sep 12, 2022 11:18pm
sold UJ
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  • #682,911
  • Sep 12, 2022 11:22pm Sep 12, 2022 11:22pm
Quoting PatienceFx
sold UJ {image}
i did not like red lines, so i changed the color
  • #682,912
  • Sep 12, 2022 11:55pm Sep 12, 2022 11:55pm
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yes yes yes
  • #682,913
  • Sep 12, 2022 11:55pm Sep 12, 2022 11:55pm
Quoting Reverso
{quote} Long scenario materialized, entry 1.17035, SL 1.16504, TP 1.17833 {image}
Ongoing Long failed to make any meaningful highs, but failed to go low enough to hit my SL too.
When I see prices keep reacting around an area and unable to break through, I will draw a resistance zone at that area.

When London Opens, my options are as follows:

1. Price already below today's daily pivot 1.16554, bias changed to bearish, SL is very nearby anyway, so it'll be a loss. Look another new opportunity for Short.
2. Price made another attempt at the resistance but failed again, I will exit and re-enter with Short.
3. Price remained above today's daily pivot, dropped low enough towards daily pivot then bounced back and resume up, I will do nothing and let my ongoing Long do its thing, unless the up move rejected by resistance again then refer to point 2.

I expect this ugly range to continue until London opens.
Also, today's daily pivot happened to be around the previous resistance zone which now turned support zone.
Status quo will be ranging between 1.16557 - 1.16956 until something breaks.
With that said, there are still some distance left before reaching the long term pivot up there, so I expect there are still some juice left in the bull move before getting rejected near long term pivot and resume down for its true direction, we'll see.
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  • #682,914
  • Sep 13, 2022 12:12am Sep 13, 2022 12:12am
Quoting PatienceFx
{quote} excellent post this is what i am always looking for
Thanks bro. I use UP and Down just like caveman used to communicate. Simple and accurate
More time in the market, does not mean you trade better!
  • #682,915
  • Sep 13, 2022 12:25am Sep 13, 2022 12:25am
Target of last week was hit yesterday now time to sell 1st tp 1.1635-50 2nd to 1.1590 have a blessed one
  • #682,916
  • Sep 13, 2022 12:42am Sep 13, 2022 12:42am
London could do this wave C
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Read the chart... Fundies are catalyst...
  • #682,917
  • Sep 13, 2022 12:49am Sep 13, 2022 12:49am
11minutes until the move will start.. hope GU down….
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  • #682,918
  • Sep 13, 2022 12:51am Sep 13, 2022 12:51am
Quoting Robinhood1
OIL may resume correction around 89.50
Maybe its been 89.20. Shorted one to keep track at 86.75. under 79 should be nice long
POSTMASTER
  • #682,919
  • Sep 13, 2022 12:58am Sep 13, 2022 12:58am
Quoting Fardeen1209
{quote} Thanks bro. I use UP and Down just like caveman used to communicate. Simple and accurate
that reminds me i can code a wonderful MTF indicator to read trend on all time frames
  • #682,920
  • Sep 13, 2022 1:13am Sep 13, 2022 1:13am
1.186xx the next target after 1.175xx
WARNING: This post warps space and time in its vicinity.
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