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Cable Update (GBPUSD)

  • #682,981
  • Sep 13, 2022 4:24am Sep 13, 2022 4:24am
Quoting Whale
{quote} 1.thanks 2. its a small scalp of 40 pips
I love that small scalps of 40 50 or even 467 pips. Who needs big scalps anyway...

  • #682,982
  • Sep 13, 2022 4:25am Sep 13, 2022 4:25am
Long 1.1715
Don't trade what you think. Just what you see!!!
  • #682,983
  • Sep 13, 2022 4:25am Sep 13, 2022 4:25am
I want to make something clear, the corporation that controls MT4/5 is not powerful. They are dedicated to picking up the crumbs from the retailers. Big boys do not use this platform nor do they care about this corporation. They enter and leave in longer periods. Soros is a puppet worldwide and even so he would not dedicate himself to this cauldron. It is only 10% of the market. These memos have no influence in this world and can be defeated of course
POSTMASTER
  • #682,984
  • Sep 13, 2022 4:27am Sep 13, 2022 4:27am
Quoting Matej.FX
{quote} If I double your account you give me 50% of your account. If I lose the account we'll just let bygones be bygones. I think it's fair. Deal!?
Done, where do i deposit 50€?
POSTMASTER
  • #682,985
  • Sep 13, 2022 4:29am Sep 13, 2022 4:29am
Quoting Whale
{quote} 1.thanks 2. its a small scalp of 40 pips
My post is for general information. I had to use your post as an opportunity to pass the info. Good luck to us all.
Data + Stat + Risk/Emotions Management
  • #682,986
  • Sep 13, 2022 4:30am Sep 13, 2022 4:30am
Quoting Indiara
{quote} So Frankfurt did indeed bring the action back to 1.17000, and would have eaten my protecting SL. When London comes, the action reverses and continues up! Frankfurt and London are like children! If this 15 minute candle closes at about 1.17250, then I will protect the trade.
My trade is still alive and I didn't move the SL to profit yet. The action is so tight that a protecting SL would get eaten for sure. SO I continue to wait. I have a Buy on EU as well, but I didn't post it here because it might be off topic.

If none of the trades finish before the USA news I will close them, even if they are not in profit.
I am neither brave nor stupid...I am just a part time trader
  • #682,987
  • Sep 13, 2022 4:35am Sep 13, 2022 4:35am
Quoting Indiara
{quote} My trade is still alive and I didn't move the SL to profit yet. The action is so tight that a protecting SL would get eaten for sure. SO I continue to wait. I have a Buy on EU as well, but I didn't post it here because it might be off topic. If none of the trades finish before the USA news I will close them, even if they are not in profit.
Good idea. Even if you get the right direction the spread / whip saw usually takes you out anyway. Keep up the good work!
Don't trade what you think. Just what you see!!!
  • #682,988
  • Sep 13, 2022 4:35am Sep 13, 2022 4:35am
Quoting Robinhood1
{quote} Done, where do i deposit 50€?
Hhahahahahahahhahahah ajajajajaj 50 Euros. This had me laughing hard..
  • #682,989
  • Sep 13, 2022 4:38am Sep 13, 2022 4:38am
Quoting Indiara
{quote} So Frankfurt did indeed bring the action back to 1.17000, and would have eaten my protecting SL. When London comes, the action reverses and continues up! Frankfurt and London are like children! If this 15 minute candle closes at about 1.17250, then I will protect the trade.
the daily chart gives the reason for slow action
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSDH1.png Size: 20 KB
  • #682,990
  • Sep 13, 2022 4:40am Sep 13, 2022 4:40am
Quoting Matej.FX
{quote} Hhahahahahahahhahahah ajajajajaj 50 Euros. This had me laughing hard..
never laugh at money, god is watching
  • #682,991
  • Sep 13, 2022 4:41am Sep 13, 2022 4:41am
trade safe mate
cadchf h4
Attached Image (click to enlarge)
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Intraday Trading is an Art _ hoda
  • #682,992
  • Sep 13, 2022 4:42am Sep 13, 2022 4:42am
Quoting PatienceFx
{quote} never laugh at money, god is watching
AND I SHALL WATCH WITH THEE.

Damn, it's these mornings you know..
  • #682,993
  • Sep 13, 2022 4:44am Sep 13, 2022 4:44am
Quoting Theoak
{quote} Good idea. Even if you get the right direction the spread / whip saw usually takes you out anyway. Keep up the good work!
Thank you

Yes, getting the news direction right is really just a guess, and if the action jumps up and down (and the spread like you say) it could be dangerous. Better to take a small win or a small loss and try again another time.

I saw a saying somewhere, I don't know where, but it said that 'You can only trade tomorrow, is you survive today". I didn't forget this advice
I am neither brave nor stupid...I am just a part time trader
  • #682,994
  • Sep 13, 2022 4:46am Sep 13, 2022 4:46am
Quoting PatienceFx
{quote} the daily chart gives the reason for slow action {image} {image}
Yes, and I think also that everyone is keeping their money out of the market until after the USA news.
I am neither brave nor stupid...I am just a part time trader
  • #682,995
  • Sep 13, 2022 4:46am Sep 13, 2022 4:46am
Quoting eyefeelsix
{quote} target reached, take profits and U-turn to short atm {image}
my PA updated :
Attached Image (click to enlarge)
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https://breakpullback.com
  • #682,996
  • Sep 13, 2022 4:49am Sep 13, 2022 4:49am
Pound is at 1.18 today.
  • #682,997
  • Sep 13, 2022 4:50am Sep 13, 2022 4:50am
Wow another slow day, only 1 big candle due to GBP Claimant news then resumed sideways immediately.

I guess action only comes after the USD high impact news later in about 2 hours?
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 54.4%
  • #682,998
  • Sep 13, 2022 4:50am Sep 13, 2022 4:50am
I also expect a drop. As much as the price wants to go higher. I see the maximum rise for today at 1.17800-1.1800
Attached Image (click to enlarge)
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There is nothing wrong with being kind & loving to each other
  • #682,999
  • Sep 13, 2022 4:51am Sep 13, 2022 4:51am
usdjpy prices aat 61.8% fib beware of possible uptrend !!!
Attached Image (click to enlarge)
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Blank and Empty
  • #683,000
  • Sep 13, 2022 4:57am Sep 13, 2022 4:57am
Quoting buffedmage
usdjpy prices aat 61.8% fib beware of possible uptrend !!! {image}
That's interesting. Now, if I were the banks what would I do? So I had the price at 145 and now it's at 142.25. I would use these news today to crash the price lower to 139.50 to get buyers out of there. Then, of course when we get more sellers in, at 75/25 ratio, then push the price up yet again.
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