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Cable Update (GBPUSD)

  • #685,841
  • Sep 20, 2022 9:02am Sep 20, 2022 9:02am
Quoting DrDave
{quote} Never forget that beliefs always trump facts. And there are lots of believers in the power of the USD.
It could also be that a lot of people are sheep and are simply buying the dollar because they think that other people are buying the dollar, which causes the price to rise which causes people to buy the dollar.

But they would simply be richer sheep than me.
  • #685,842
  • Sep 20, 2022 9:04am Sep 20, 2022 9:04am
It appears this will keep heading lower towards 1350 at least. I have closed two hedge shorts. Entered another hedge short at 1394 which I will bank at 1370 and call it a day. With that I will be in good net profit for the day. Price is now firmly below the daily pivot. Let's keep it falling.

Crazy day!
  • #685,843
  • Sep 20, 2022 9:05am Sep 20, 2022 9:05am
Quoting Whale
{quote} 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 .
yes, that's the critical point btw
https://breakpullback.com
  • #685,844
  • Sep 20, 2022 9:05am Sep 20, 2022 9:05am
Quoting erez h
{quote} he's not but I need M there to go long for more than 20 pips
Yes, everyone's style is different Someone doesn't accept 20 pips & right now there are scalpers who take our profit for the whole month with 2-4 pips(one trade). In your opinion, it is not logical. Right now I can close my longs with profit, but I prefer to look now because I took the daily profit. This is where people's style can be seen. There were days when everyone said to buy only, but I got my daily profit by selling only or vice versa. This is entirely a matter of taste. This market offers benefits for every style
There is nothing wrong with being kind & loving to each other
  • #685,845
  • Sep 20, 2022 9:07am Sep 20, 2022 9:07am
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 only, we cannot know whether it will win or lose on that particular occassion. 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 in the particular circumstances you placed the trade (ie your edge set up) it wins more...
This post should be the engraved on every trader's brain, the foundation to build upon ....great post
  • #685,846
  • Sep 20, 2022 9:08am Sep 20, 2022 9:08am
Quoting MrFanciful
{quote} 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.
I don't know how do you trade but maybe look back at your previous trades and see what's wrong with it?
Or simply just avoid ranging markets if you can't decide on it.
I usually avoid ranging ones because they're hard to read (psst, and predict)
Exhausted
  • #685,847
  • Sep 20, 2022 9:08am Sep 20, 2022 9:08am
Quoting Headland
{quote} Typically the range hi and lo would be as shown, the highest hi (s) and lowest lo (s) that contain the rangy price action (see schematic below.) Very often but not always, don't we,? we see a range b/o and pullback inside the range or to it's extremes for a 2nd truer b/o? Today's 15min to 1hr gbpusd is a good eg of a range on those t/f's - ie no discernable trends on those t/f's, and a double top and bottom on them both at the range extremes - ie the range extremes held until one didn't - the lower one with price poking just below at the...
Not all good though Headland you photoshopping skills suck
  • #685,848
  • Sep 20, 2022 9:09am Sep 20, 2022 9:09am
Quoting MrFanciful
{quote} It could also be that a lot of people are sheep and are simply buying the dollar because they think that other people are buying the dollar, which causes the price to rise which causes people to buy the dollar. But they would simply be richer sheep than me.
You just agreed with what I said about beliefs.

a lot of people are sheep and are simply buying the dollar because they think believe that other people are buying the dollar, which causes the price to rise which [verifies their belief], causing people [including themselves with their now verified belief] to buy the dollar
To free Gazans of Hamas, use whatever it takes.
  • #685,849
  • Sep 20, 2022 9:12am Sep 20, 2022 9:12am
OFF TOPIC

I just realized there is a dislike button when using PC, this doesn't shows when I browse in mobile :O
Exhausted
  • #685,850
  • Sep 20, 2022 9:13am Sep 20, 2022 9:13am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 19 KB
Attached Image (click to enlarge)
Click to Enlarge Name: dx.png Size: 9 KB
yes yes yes
  • #685,851
  • Sep 20, 2022 9:19am Sep 20, 2022 9:19am
Quoting Moty
7 successful trade of 10 pips tp {image}
Nice, keep it up man.
Exhausted
  • #685,852
  • Sep 20, 2022 9:24am Sep 20, 2022 9:24am
Quoting MrFanciful
{quote} Maybe. After all the dollar is soooo amazing that no one can get enough of it.
Doesnt look like it hit chikos FGV OR BGF? LOL
  • #685,853
  • Sep 20, 2022 9:25am Sep 20, 2022 9:25am
Quoting bilal1947
{quote} Lets see if its fill the H4 fvg: {image}
Sell side FVG is filled, watch for accumulation for long
"Exchange of hands"
  • #685,854
  • Sep 20, 2022 9:29am Sep 20, 2022 9:29am
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 12 KB
yes yes yes
  • #685,855
  • Sep 20, 2022 9:32am Sep 20, 2022 9:32am
Quoting MrFanciful
{quote} 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.

I feel you pain buddy


i will
only advise u to strategize urself into a trading plan that match ur way of thinking.

Also ur trading hours so you can focus have other things to do.

over thinking of this market have serious health problems so as such I should think of ur health first remember the market is always here
MY OPINION NOT FINANCIAL ADVISE
  • #685,856
  • Sep 20, 2022 9:32am Sep 20, 2022 9:32am
Quoting RaHaG0D
{quote} Yes, everyone's style is different Someone doesn't accept 20 pips & right now there are scalpers who take our profit for the whole month with 2-4 pips(one trade). In your opinion, it is not logical. Right now I can close my longs with profit, but I prefer to look now because I took the daily profit. This is where people's style can be seen. There were days when everyone said to buy only, but I got my daily profit by selling only or vice versa. This is entirely a matter of taste. This market offers benefits for every style ...
agree on every word
  • #685,857
  • Sep 20, 2022 9:32am Sep 20, 2022 9:32am
Quoting bilal1947
{quote} Sell side FVG is filled, watch for accumulation for long
Watchout Dxy still has some room to go further.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 20 KB
"Exchange of hands"
  • #685,858
  • Sep 20, 2022 9:35am Sep 20, 2022 9:35am
Quoting Moty
{image}{image}
I still think 1.15 is very far we'll see how dxy is reacting in 5 minutes.
Waiting for the impulsive move right now.
Exhausted
  • #685,859
  • Sep 20, 2022 9:38am Sep 20, 2022 9:38am
Quoting erez h
{quote} agree on every word
There is nothing wrong with being kind & loving to each other
  • #685,860
  • Sep 20, 2022 9:40am Sep 20, 2022 9:40am
Quoting Elysion
{quote} I still think 1.15 is very far we'll see how dxy is reacting in 5 minutes. Waiting for the impulsive move right now.
I am expecting a dump in GU.
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F.g