Cable Update (GBPUSD)

still running , targeting equal highs

wedge

it can go higher

We took 9 pip loss on GU earlier ... Now we are long on GBPCAD risking 13 pips and targeting

TP1 70 PIPS
TP2 300 PIPS

price action is so crazy... tough to get a read on anything

Waiting to enter long at date Truss has a meeting with the cabinet TP at the end of European session.

What a nice price action going on. It's never been this volatile...ohh.. are we lucky today. 100 pips up, 200 pips down, man..


Wait for Thursday and don't lose money on this shit for God's sake.. unless you can actually trade range, but whatever..

Great! What about this projection?

calm before storm perhaps...

Hahahah nice one!
Albeit too much stability.. LoL

The storm is on Thursday, considering Yen it's on Friday. Just my thinking..

Trade is protected now

done and dusted for the day

I have come to realize that one must learn to embrace losses.. In fact you will lose more than you win trades.. having that in mind the question is "How do you win in a long run" ? This is simple, You must have a good trade management and a system that can beat the current market Algorithm which can be reflected on the risk to reward ratio... Don't just go in and out of trade like a Gambler that's what the market requires from the 95% losers out there.. Dare to join the 5% winners who will focus on their trade plan and System..
Attributes of a good Trader
A good trader should have a trade plan and a system that He or She has been building over the years
A good trader must master a good risk to reward ratio of at least 1:7 that can work at least 90% of the time. I mean, Why should we invest if we don't get good reward for our risk ?
A good trader should be humble, must be a good listener and someone who loves to study..

This is very hard to achieve that's why most trader concentrate on getting in and out of trades with no plan and direction and after 10 years they will realize they haven't learned anything...

Good Luck,
@BigNumbers

Closed all buys selling on rally only...

UJ seems like a form of distribution. Many institutions are liquidating their long positions in a smaller blocks.
But the fundamentals have not changed, with FED on path for further hike!

hope this is what we see . Doji bottom . Pullback the doji type candle on the 4 hour . To then break the top . If so we go to the extension number posted . Please trade your own trade . I change as I see it on lower charts GL…E

the drop is coming

I kind of wish Powell would send out a tweet or something

USDX is trying hard to get above the 112 line. If it can do it, it will kill my GU trade. Watching closely!