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Cable Update (GBPUSD)

  • #685,821
  • Sep 20, 2022 8:31am Sep 20, 2022 8:31am
Beast in Gu
MY OPINION NOT FINANCIAL ADVISE
  • #685,822
  • Sep 20, 2022 8:32am Sep 20, 2022 8:32am
Quoting Headland
{quote} No, you are conflating prediction with probability. In placing a trade we are not predicting which way the market will go. We are playing the probabilities because if we do place a trade we should know from the large historical sample (s) of empirical evidence that gives rise to our edge, that there is a greater chance of our trade winning over losing, or if not, that when it does win ion those circumstances it wins more than when it loses sufficient to realise a gain over any given sample. We are not predicting what will happen, how can...
Maybe I just can't think in probabilities. I lost 30% of my account yesterday but then made it back to 6% profit. Currently down 25% today because I just can't see it. Been trying to succeed at this for over 5 years. My GF think's I'm going to have a stroke.
  • #685,823
  • Sep 20, 2022 8:33am Sep 20, 2022 8:33am
brutal dxy
  • #685,824
  • Sep 20, 2022 8:35am Sep 20, 2022 8:35am
Quoting Reverso
{quote} Bounce scenario materialized nicely, closed below lower key level but unable to break through pivot then reversed up with bullish engulfing, a beautiful Long signal. Long entry 1.14329, SL 1.13986, TP 1.14842. Potential resistance 1.14600, will seriously consider exit and switch trade direction if I see bearish engulfing formed around that area. Technically we're still stuck in a range but I am obeying the direction of the pivot for now, which is up. {image}
Well, this sucks, it feels like I am being watched and getting traded against. SL hit.

Entered Short due to closed beyond daily pivot, entry 1.13865, SL 1.14192, TP 1.13374

If I get another few more SL without much relief I might stop posting for a while and trade in silence.
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https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 53.6%
  • #685,825
  • Sep 20, 2022 8:35am Sep 20, 2022 8:35am
Quoting dantpm
{quote} Curious, I would have thought consumer prices falling month over month implies that inflation is getting beaten, Not sure why it is bad news.
I didn't understand it also. However, it seems like the higher the inflation, the more excuse CB have to raise interest rates more and by larger hikes, which consequently drives market into demand for this currency, however, lower inflation has the opposite effect where since the inflation seems to be slowing down a little bit, necessity for larger and more rate hikes isn't as great. Though, inflation isn't the only factor for determining rate hikes, however is the most important.
  • #685,826
  • Sep 20, 2022 8:35am Sep 20, 2022 8:35am
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yes yes yes
  • #685,827
  • Sep 20, 2022 8:38am Sep 20, 2022 8:38am
long 1.13888 no sl to tp

my main target is the 4h OB body
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better view
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  • #685,828
  • Sep 20, 2022 8:42am Sep 20, 2022 8:42am
i hope they make only W on 4h chart…
  • #685,829
  • Sep 20, 2022 8:43am Sep 20, 2022 8:43am
Haha I just absolutely love the red my friends ! It just never gets old !
Master your mind. Master Trading.
  • #685,830
  • Sep 20, 2022 8:45am Sep 20, 2022 8:45am
Quoting Bryan5229
{quote} I beg to differ that a supply or demand becomes weaker when it gets hit many times, what is important is what price does when it gets to that certain level because most of the time moves inside a range are just random moves.
That's an interesting supposition. Do you have a published study to support it, or is this just from your own observations?
To free Gazans of Hamas, use whatever it takes.
  • #685,831
  • Sep 20, 2022 8:47am Sep 20, 2022 8:47am
Quoting MrFanciful
{quote} I'm just in awe at the markets belief that the dollar, not gold or silver, but the dollar. A currency that has been printed on such a scale that 40% of it was created in the last 2 years. That currency, central bank and government, is where people are placing their trust. I'm gobsmacked. I see them as crazy, but I guess that's why I'm not very profitable at the moment because I don't think I'm crazy. To me its like getting on a rollercoaster but the track is all corroded due to mismanagement. EDIT: That isn't to say that I think the GBP...
Never forget that beliefs always trump facts. And there are lots of believers in the power of the USD.
To free Gazans of Hamas, use whatever it takes.
  • #685,832
  • Sep 20, 2022 8:48am Sep 20, 2022 8:48am
Quoting Whale
long 1.13888 no sl to tp my main target is the 4h OB body{image} better view{image}
i will wait for another touch at 110.227 and I will join you! bli neder lol
  • #685,833
  • Sep 20, 2022 8:49am Sep 20, 2022 8:49am
Added-Long
SL = Manual
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There is nothing wrong with being kind & loving to each other
  • #685,834
  • Sep 20, 2022 8:49am Sep 20, 2022 8:49am
Quoting Whale
long 1.13888 no sl to tp my main target is the 4h OB body{image} better view{image}
I'm joining, rebalance price with my bullish deepcrab pattern on M5, my target still on 1.1500
https://breakpullback.com
  • #685,835
  • Sep 20, 2022 8:50am Sep 20, 2022 8:50am
7 successful trade of 10 pips tp
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yes yes yes
  • #685,836
  • Sep 20, 2022 8:51am Sep 20, 2022 8:51am
Quoting erez h
{quote} i will wait for another touch at 110.227 and I will join you! bli neder lol
i dont know about the DXY, i dont think $ is the king.
  • #685,837
  • Sep 20, 2022 8:53am Sep 20, 2022 8:53am
Quoting dantpm
{quote} If you look at the monthly chart it tends to be pretty flat.
Ohhhhh, so NOW you add some more information. Why didn't you include that very important information about TF in the first post??

In any case, maybe we have a different idea of what "flat" is, because I don't see EURGB MN1 as mostly flat.
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To free Gazans of Hamas, use whatever it takes.
  • #685,838
  • Sep 20, 2022 8:55am Sep 20, 2022 8:55am
Quoting Whale
{quote} i dont know about the DXY, i dont think $ is the king.
he's not but I need M there to go long for more than 20 pips
  • #685,839
  • Sep 20, 2022 8:57am Sep 20, 2022 8:57am
Quoting eyefeelsix
{quote} I'm joining, rebalance price with my bullish deepcrab pattern on M5, my target still on 1.1500
gimme 1.1465 (today) and i will be extremely happy.
it will be my weekly target and i will avoid to trade the fireworks tomorrow and the day after .
  • #685,840
  • Sep 20, 2022 8:57am Sep 20, 2022 8:57am
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yes yes yes
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