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Cable Update (GBPUSD)

  • #692,381
  • Oct 6, 2022 2:40am Oct 6, 2022 2:40am
M5 frame
long
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in wondering about yourself, you forgot what you came here to be part of
  • #692,382
  • Oct 6, 2022 2:41am Oct 6, 2022 2:41am
Quoting knkie
{quote} BoE is powerful dont fight it
You hear that all the time but no one ever explains what it means or how it relates to the 1, 5, 15 minute timeframes.
  • #692,383
  • Oct 6, 2022 2:41am Oct 6, 2022 2:41am
Quoting Fardeen1209
You guys also experiencing some user interface problem on FF? I'm getting the coding!
Seems to be ok for me
I am neither brave nor stupid...I am just a part time trader
  • #692,384
  • Oct 6, 2022 2:44am Oct 6, 2022 2:44am
Quoting bestchao14
{quote} I know the feeling. I just lost a chunk of my account on that down move also. I still believe price will hit 1.1450 today though. Just gotta find a good price to get back in... Entering LONG at 1.1365
TP seems good at 1.1460
  • #692,385
  • Oct 6, 2022 2:44am Oct 6, 2022 2:44am
Quoting Indiara
{quote} Seems to be ok for me
Its good now, i logout and login again.
Thanks
More time in the market, does not mean you trade better!
  • #692,386
  • Oct 6, 2022 2:45am Oct 6, 2022 2:45am
Looks like I'm going back to demo again after 5.5 years.
  • #692,387
  • Oct 6, 2022 2:45am Oct 6, 2022 2:45am
...There is bullish hidden div @ y/day's lo on the 4hr t/f. May stay valid above 1.1086 on any deeper pullback in the 4hr uptrend.
Trader with an Edge.
  • #692,388
  • Oct 6, 2022 2:45am Oct 6, 2022 2:45am
Quoting MrFanciful
{quote} You hear that all the time but no one ever explains what it means or how it relates to the 1, 5, 15 minute timeframes.
im not sure about the relation to time frames,
but BoE committed to two weeks of bond buying to strengthen the pound.
I just keep that in min when considering shorts.

I did short yesterday and i was surprised it worked out to be honest.
in wondering about yourself, you forgot what you came here to be part of
  • #692,389
  • Oct 6, 2022 2:48am Oct 6, 2022 2:48am
Quoting MrFanciful
Looks like I'm going back to demo again after 5.5 years.
Mate, I know why people do it, and I won't be telling you anything you don't know, but if you are losing 50% of your a/c in one trading day, you are doing something fundamentally wrong. I don't mean about your edge - that may or may not be sound, ie based on known probabilities over large empirical sample (s) size in conditions it is most suited to, - I mean about the money and risk management you are applying to it.
Trader with an Edge.
  • #692,390
  • Oct 6, 2022 2:49am Oct 6, 2022 2:49am
Quoting MrFanciful
Well, totall screwed up this morning. 32% 35% down
Over leveraged to be that underwater in just a morning GU hasn't even moved that much, you will blow account after account, please drop your lot size, but this is only my opinion take it as you please
  • #692,391
  • Oct 6, 2022 2:49am Oct 6, 2022 2:49am
Quoting bestchao14
{quote} I know the feeling. I just lost a chunk of my account on that down move also. I still believe price will hit 1.1450 today though. Just gotta find a good price to get back in... Entering LONG at 1.1365
Trade what you see, not what you think or believe. None of us know what will happen, and to believe you do over everyone else will only get you into trouble over any given future time horizon.
Trader with an Edge.
  • #692,392
  • Oct 6, 2022 2:50am Oct 6, 2022 2:50am
Im stuck in between long and short.
That 1 hour tweezer/bullish engulfing though.
Guess I'll be looking for a long for now.
Exhausted
  • #692,393
  • Oct 6, 2022 2:53am Oct 6, 2022 2:53am
Quoting knkie
{quote} im not sure about the relation to time frames, but BoE committed to two weeks of bond buying to strengthen the pound. I just keep that in min when considering shorts. I did short yesterday and i was surprised it worked out to be honest.
They have't needed to do any bond buying for 2 days, possibly 3 if they don't do it today. Doesn't sound very committed.
  • #692,394
  • Oct 6, 2022 2:53am Oct 6, 2022 2:53am
Quoting knkie
M5 frame long {image}
what is OC?
  • #692,395
  • Oct 6, 2022 2:54am Oct 6, 2022 2:54am
Gbp Usd ... I have one short...@13403 ...but...I think I'm closing it...
Eur Usd ...I have now +50 and I think I maintain both... they are from yesterday...

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God luck folks! & Have a nice trading day!
God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #692,396
  • Oct 6, 2022 2:55am Oct 6, 2022 2:55am
Folks, be carefull! Don't get whipsawed...
  • #692,397
  • Oct 6, 2022 2:55am Oct 6, 2022 2:55am
Quoting Headland
{quote} Trade what you see, not what you think or believe. None of us know what will happen, and to believe you do over everyone else will only get you into trouble over any given future time horizon.
Well, I'm basing this trade on the strong rebound off the daily low and the crossover of the 8 hr open. My TP is based on the open and close of the previous couple days.

That's just my rationale, but if you see something else feel free to let me know. We are here to learn from each other after all
  • #692,398
  • Oct 6, 2022 2:56am Oct 6, 2022 2:56am
Quoting Elysion
Im stuck in between long and short. That 1 hour tweezer/bullish engulfing though. Guess I'll be looking for a long for now.
How can you trade both side in the short term?
Thought you were already looking for the long term for one of these 2
Just asking huh, always happy to learn.
More time in the market, does not mean you trade better!
  • #692,399
  • Oct 6, 2022 2:57am Oct 6, 2022 2:57am
...Rangy intraday market so far today.
Trader with an Edge.
  • #692,400
  • Oct 6, 2022 2:57am Oct 6, 2022 2:57am
Quoting Whale
{quote} what is OC?
Open-Close
I ignore hi-lo
in wondering about yourself, you forgot what you came here to be part of
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