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Cable Update (GBPUSD)

  • #700,581
  • Oct 25, 2022 11:06am Oct 25, 2022 11:06am
Quoting donfriday
{quote} we need to break 1.15 by next week failure of that may send Gu down to 1.07 in November before picking up to the major destination of 1.20

whatsa needed
MY OPINION NOT FINANCIAL ADVISE
  • #700,582
  • Oct 25, 2022 11:07am Oct 25, 2022 11:07am
#GU m1
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RedcaT 3003
25k Return This Week: na
  • #700,583
  • Oct 25, 2022 11:17am Oct 25, 2022 11:17am
1.1474 short
SL 1.149
tp 1.1425

good luck.
last trade today.
  • #700,584
  • Oct 25, 2022 11:19am Oct 25, 2022 11:19am
Quoting Wavegarrick
{quote} Have to love it when a plan comes together Folks Patience and more patience was needed on this one. Gu descending trend line break and more importantly 1.14000. {image}Eu 10 month trend line break and 4hr moving averages crossing over. {image}Usdx support area broken and nice move down {image}Have a great day.
Hedge sell trade at 1.14717. Waiting for buy set up at 1.14000 ish
Cheers
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Trade to trade another day
  • #700,585
  • Oct 25, 2022 11:31am Oct 25, 2022 11:31am
Quoting Wavegarrick
{quote} Hedge sell trade at 1.14717. Waiting for buy set up at 1.14000 ish Cheers {image}
Hi there mate, can I take your rational behind the buy at 1.14? I have a sell more or less at the same level as yourself and from the daily chart it looks there is liquidity at 1.13 area at which I have set my TP, and it is a 50% fibs retracement area.
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  • #700,586
  • Oct 25, 2022 11:33am Oct 25, 2022 11:33am
My daily chart: if 1.14533 holding successfully, next target 1.1546 and 1.16887

or else 1.1349 for a downside risk.
I may be wrong
Good luck
  • #700,587
  • Oct 25, 2022 12:05pm Oct 25, 2022 12:05pm
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REDA_EL_HARAOUI
ELITE MOROCCO SNIPER All Time Return: 27.5%
  • #700,588
  • Oct 25, 2022 12:14pm Oct 25, 2022 12:14pm
Because nothing is promised in the market.. we take a trade in the hope that we'll lose,,, That's why we try as much as possible to minimize our risk, the probability of scoring a 6 while you roll a dice is slim


We are going to take 15 pips sl on this USDCAD Long trade
As usual we aim 70 to 80 pips

Good Luck,
@BigNumbers
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My telegram: https://t.me/avidforex
  • #700,589
  • Oct 25, 2022 12:26pm Oct 25, 2022 12:26pm
Quoting Forex.z1
{quote} Hi there mate, can I take your rational behind the buy at 1.14? I have a sell more or less at the same level as yourself and from the daily chart it looks there is liquidity at 1.13 area at which I have set my TP, and it is a 50% fibs retracement area. {image}
Hi ForexZ,
Thanks for your question. Here's the thing for me. I am in a significant break out area above 1.14000 especially with a daily close above and also a symmetrical triangle. I have looked for liquidity zones when Gu was in a down trend much like Pat is doing. For me it works when we are ranging. The question for me is. Are we out of this range and breaking upside? It is not definite. Could we reach 1.13 or 1.14 for liquidity. I once again look at how it was when we were trending down. Will the big boyz take it back to 1.13 or smash it up from 1.14?. It is questionable at this point but not impossible.
Thanks for your insights.
Current trades.
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  • #700,590
  • Oct 25, 2022 12:26pm Oct 25, 2022 12:26pm
bad trading day for me ,initiating investigation to find the reason behind bad trade ! ...never giving up without fight ..me vs market !
Blank and Empty
  • #700,591
  • Oct 25, 2022 12:27pm Oct 25, 2022 12:27pm
Quoting BigNumbers
Because nothing is promised in the market.. we take a trade in the hope that we'll lose,,, That's why we try as much as possible to minimize our risk, the probability of scoring a 6 while you roll a dice is slim We are going to take 15 pips sl on this USDCAD Long trade As usual we aim 70 to 80 pips Good Luck, @BigNumbers {image}

This trade is not too clear... We have had much pips for the day (about 300 pips) so we can afford to give away 15 pips... But if you're taking my trade for the first time. You have to be patient even if we lose...

Good Luck..
My telegram: https://t.me/avidforex
  • #700,592
  • Oct 25, 2022 12:32pm Oct 25, 2022 12:32pm
Love when folks say that "hedging is no good and it will blow your bank"...and then they start hedging ...
  • #700,593
  • Oct 25, 2022 12:42pm Oct 25, 2022 12:42pm
I am going to keep working hard until I'm able to achieve a Zero (0) pip draw down.. This is my goal to become better every each day that passes by..
Thank you Forex factory for proving such a great platform that helps us grow and be in a community of like minds..

I see you again tomorrow, time to grab some barbecue fish and wine and sit to loud music..!

@BigNumbers
My telegram: https://t.me/avidforex
  • #700,594
  • Oct 25, 2022 12:45pm Oct 25, 2022 12:45pm
Quoting BigNumbers
I am going to keep working hard until I'm able to achieve a Zero (0) pip draw down.. This is my goal to become better every each day that passes by.. Thank you Forex factory for proving such a great platform that helps us grow and be in a community of like minds.. I see you again tomorrow, time to grab some barbecue fish and wine and sit to loud music..! @BigNumbers
If you have a spread to pay, then it is IMPOSSIBLE to have 0 drawdown, because the instant that the order fills, you are in drawdown by the amount of the spread.
To free Gazans of Hamas, use whatever it takes.
  • #700,595
  • Oct 25, 2022 12:52pm Oct 25, 2022 12:52pm
Quoting Waveskierrob
Love when folks say that "hedging is no good and it will blow your bank"...and then they start hedging ...
Hahaha ..got a thumbs down Karen is getting rattled
  • #700,596
  • Oct 25, 2022 12:53pm Oct 25, 2022 12:53pm
Quoting Waveskierrob
Love when folks say that "hedging is no good and it will blow your bank"...and then they start hedging ...
Hello Robbi boy. Since I am the only one talking about hedging. I am glad that you are reading my posts
Take note I hedge only when I am in profit
Trade to trade another day
  • #700,597
  • Oct 25, 2022 12:55pm Oct 25, 2022 12:55pm
How's the wedding invitations going. I have my plane ticket,
Trade to trade another day
  • #700,598
  • Oct 25, 2022 12:56pm Oct 25, 2022 12:56pm
Quoting DrDave
{quote} If you have a spread to pay, then it is IMPOSSIBLE to have 0 drawdown, because the instant that the order fills, you are in drawdown by the amount of the spread.
"then it is IMPOSSIBLE to have 0 drawdown" I'm Just trying to encourage everyone to strive to be better everyday...
Come and join me Dr Dave; I'm going out to sit to music and have some wine
My telegram: https://t.me/avidforex
  • #700,599
  • Oct 25, 2022 1:02pm Oct 25, 2022 1:02pm
Quoting Waveskierrob
{quote} Hahaha ..got a thumbs down Karen is getting rattled
if you focus on trading rather than chatting , you care less for dislikes and likes..only a weak person would care for number of attention / hates he gets ..just dont mind those ...saying these from my experience
Blank and Empty
  • #700,600
  • Oct 25, 2022 1:03pm Oct 25, 2022 1:03pm
Quoting BigNumbers
I am going to keep working hard until I'm able to achieve a Zero (0) pip draw down.. This is my goal to become better every each day that passes by.. Thank you Forex factory for proving such a great platform that helps us grow and be in a community of like minds.. I see you again tomorrow, time to grab some barbecue fish and wine and sit to loud music..! @BigNumbers
If you can achieve that, you should do the "Rags to Riches contest", from 100 bucks to 50k within a few trades

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