Cable Update (GBPUSD) | Page 35198 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #703,941
  • Nov 4, 2022 8:27am Nov 4, 2022 8:27am
11370/11400 would be a good area to either load shorts (if trend still down) and/or take profits on longs
COT: The precious data ignored
  • #703,942
  • Nov 4, 2022 8:30am Nov 4, 2022 8:30am
hahaha... I cant believe the big boys still take gold to the border... hahaha... well they hit my sl for gold... but im taking it back... sorry.. hahaha.. but most unbelievable is cable still stand firm... lol...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_2022-11-04-21-24-51-65_a068875e8d70110f8d1ec48729c67374.jpg Size: 483 KB
Click to Enlarge Name: Screenshot_2022-11-04-21-26-13-91_a068875e8d70110f8d1ec48729c67374.jpg Size: 468 KB
  • #703,943
  • Nov 4, 2022 8:30am Nov 4, 2022 8:30am
...it's a prev minor 4hr sw lo zone = prev supp = pot sbr @ current dly hi.

4hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 14 KB
Trader with an Edge.
  • #703,944
  • Nov 4, 2022 8:31am Nov 4, 2022 8:31am
GU doesn't want to go up. But EU drag it along. Now seems we may revisit 1.137-1.14 before a another down move.
With courage, patience, and discipline, success is a matter of time.
  • #703,945
  • Nov 4, 2022 8:31am Nov 4, 2022 8:31am
Quoting navk
Price between daily open and Daily pivot. Currently showing some down move... I will not be surprised if the initial reaction after news will lead the push down. Later based on NFP numbers, the price may ( may ) reverse ( retrace ) IMO. {image}
Before NFP, I posted my chart with my analysis.

And this has happened in that way.

Nice.

I made some money too during NFP.

Now I want to protect profits made.

Thanks to all guys.

Have great week end.

I may not be trading on Monday and Tuesday as I am traveling long distance.
Attached Image (click to enlarge)
Click to Enlarge Name: book.png Size: 46 KB
Intraday only.
  • #703,946
  • Nov 4, 2022 8:33am Nov 4, 2022 8:33am
Quoting Whale
{quote} well done. Im 0.5% a day.. lol. Hot day is 3%
yea if you want a crazy life you can go big but most of the time it is not worth the stress,
i trade less now because making huge gains comes with a cost.

one thing you can do is have a high risk account
and have an account for low risk trades and hold long term

but trade like this is enough for me to not trade an entire year.
that's why i rarely come here.
i used to stare at chart 10 hours a day for like 3 years...
making one accurate trade is more than enough than day trading

i just want to let people know its possible
  • #703,947
  • Nov 4, 2022 8:33am Nov 4, 2022 8:33am
...yeh, quite a bounce up 152pips so far...was probably a 'tight' stop hunt just under the then current dly/wkly lo?

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 14 KB
Trader with an Edge.
  • #703,948
  • Nov 4, 2022 8:35am Nov 4, 2022 8:35am
Quoting PapaSmurf-fx
{quote} Consider this.... no need to make a trade call... but if you share your chart and let someone see what you are seeing(with out a trade call) It helps those of us who are learning to see what you and others are seeing and reasoning behind what you are seeing. You can help others become good traders without calling out a trade. I don't understand the resistance. I am new at this and never take anyone's suggested trade...simply because I want to be sure about why I am taking a trade and want to know that the probability of success is more on...
Very well said.
I think if a pro trader wants to help newbie, he/she should at least show what he/she is watching on the chart that tells him/her to take the trade. That's how a newbie trader will understand how to take a trade without the need for an entry/exit call.

Once the newbie trader learns enough for him/her to took a trade, he can move to a small live account.

Every trader has a different trading style.
Once you find that person who is already making it from the way you(the new trader) always wanted (whether relying on indicators[Using TA only], Hedging, using Price action only, Using Support/Resistance, Elliot wave, Liquidity zones , Smart money concept, or MA/EMa cross,butterfly and so on..)
or
Using Fundamentals only
or
Merging TA with FA,

You stuck with them and learn how they are doing it.

I saw many in here complaining that they follow pro trader calls and lose their money or blow up their account.
NEVER DO THAT!!!!

Instead learn, learn, learn, learn, and keep learning. At some point when you have enough know-how, you will know when to apply the knowledge you were learning.

Why NEVER COPY OTHER people's TRADE???

#1 Their account size is not the same as your account size. If you can afford to lose 20pips per trade set your SL at 20pips only and not 90pips just because MR Pro Trader A set his at 90pips. Obviously, you will get wrecked.

#2 Just because MR PRO trade A is Buying does not mean you too should be buying or vice-versa. Follow your trading plan.

#3 The CONS goes on...

IMHO, the objective of a novice trader is to find yourself a high probability CONSISTENT winning strategy that suits your personality.

Look for somebody who is doing it, the way you want it, learn from them, analyze how they are doing it, using his/her strategy, placed some psychology trade(or on a Demo account or best, open a tiny live account)

Keep doing it, Over the next two years, you will be way ahead than copying someone else's trade now.
As the saying goes "It is a marathon, not a sprint"


Apologize in advance PAPAsmurf,
I quote your post in mine,
But i think the topic is very related and in hope, it may help many here who are constantly losing from copying Pro Trader trades.

Regards,
Fardeen
More time in the market, does not mean you trade better!
  • #703,949
  • Edited 9:14am Nov 4, 2022 8:37am | Edited 9:14am
Quoting bilal1947
I expect price to go up to 1.12717 if further than to 1.13770 if it goes above {image} but if price structure change here it can go down from here even and i have to collapse. {image}
GU short at 1.1273 - 10 pip SL

Update: went +35 pips didnt took any partials not set BE price comes back hit SL
"Exchange of hands"
  • #703,950
  • Nov 4, 2022 8:38am Nov 4, 2022 8:38am
Quoting profits7
______________ nfp all Factored in Already lol = dont Blieve me ? ! ? ________ just use Moty's [ or Davit ] wkly pvt's 2day and you'll B alright IMHO
_________ well Now you Blieve , just keep it Simple = K.I.S.S. - - - when I've time I'll post sume Real Live cable trades in Advance next wk
Don’t focus on making $$$, focus on protecting what you have.
  • #703,951
  • Nov 4, 2022 8:40am Nov 4, 2022 8:40am
...approaching that prev 1hr sw hi zone = prev res = pot rbs
------------------------------------------------------------------------
..anyone get the whole reversal candle closing outside 20bol - this time on 15min? The close is the trigger for entry on these. This time with regular bearish div not osc extr's.

15min below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 14 KB
Trader with an Edge.
  • #703,952
  • Nov 4, 2022 8:48am Nov 4, 2022 8:48am
Hmm 113 rejected and a move down. Not feeling it much on my trade may cut losses
Insane in the Brain..
  • #703,953
  • Nov 4, 2022 8:52am Nov 4, 2022 8:52am
Quoting Fardeen1209
{quote} Very well said. I think if a pro trader wants to help newbie, he/she should at least show what he/she is watching on the chart that tells him/her to take the trade. That's how a newbie trader will understand how to take a trade without the need for an entry/exit call. Once the newbie trader learns enough for him/her to took a trade, he can move to a small live account. Every trader has a different trading style. Once you find that person who is already making it from the way you(the new trader) always wanted (whether relying on...
I use daily pivot point with r1, s1 as guideline for me.

Daily open level is very important too.

1) General guideline : Me and Moti discussed this many times.

When daily opens, see if open line is below daily pivot or above daily pivot.

If the open is below daily pivot, the price goes most of times to daily s1.

Vice versa for R1 .

2) wHEN previous day high or low breaks...it goes without saying...the price falls or rises directly to s1 or r1.

3) If daily open is not broken ( like it happened today ), the price goes above or below daily pivot without saying.

4)Always look for session open with respect to 4 hr close.

5) Look for momentum after 4hr close with support or resistance.

You can see daily open did not break today and then a momentum ( arrow ). It goes with out saying price will break daily pivot. That is exactly happened today
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.iM5.png Size: 16 KB
Intraday only.
  • #703,954
  • Nov 4, 2022 8:53am Nov 4, 2022 8:53am
I still wonder why cable still stand firm... i cannot find the border of why she stop there...anyway... its good news hahaha
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2022-11-04-21-49-48-09_a068875e8d70110f8d1ec48729c67374.jpg Size: 418 KB
  • #703,955
  • Nov 4, 2022 8:54am Nov 4, 2022 8:54am
Quoting navk
{quote} Before NFP, I posted my chart with my analysis. And this has happened in that way. Nice. I made some money too during NFP. Now I want to protect profits made. Thanks to all guys. Have great week end. I may not be trading on Monday and Tuesday as I am traveling long distance. {image}
This is Exactly what im trying to learn...so for ive noticed wolf and Pat doing it but how do you knw how the new reaction is going to impact the market.

if you have notes plz share thm
Lou Vincii Code
  • #703,956
  • Nov 4, 2022 8:58am Nov 4, 2022 8:58am
Quoting navk
{quote} I use daily pivot point with r1, s1 as guideline for me. Daily open level is very important too. 1) General guideline : Me and Moti discussed this many times. When daily opens, see if open line is below daily pivot or above daily pivot. If the open is below daily pivot, the price goes most of times to daily s1. Vice versa for R1 . 2) wHEN previous day high or low breaks...it goes without saying...the price falls or rises directly to s1 or r1. 3) If daily open is not broken ( like it happened today ), the price goes above or below daily pivot...
nice fairy tales... hahaha if u say so..
  • #703,957
  • Nov 4, 2022 8:59am Nov 4, 2022 8:59am
Quoting Fardeen1209
{quote} Very well said. I think if a pro trader wants to help newbie, he/she should at least show what he/she is watching on the chart that tells him/her to take the trade. That's how a newbie trader will understand how to take a trade without the need for an entry/exit call. Once the newbie trader learns enough for him/her to took a trade, he can move to a small live account. Every trader has a different trading style. Once you find that person who is already making it from the way you(the new trader) always wanted (whether relying on...


The right answer is to let everyone be themselves. Someone who does not want to share his chart must have his own reasons. Let's not force anyone to act against their inner desire. There are many charts shared here on a daily basis, and I think there are many, many topics for someone to learn.
You said good points, but be sure that 99% of newbies will not do it like our past self and maybe our present self. There are people who just see a signal from somewhere, they enter their entire account into the trade & lose the account.
I think there are really few people who do demo or micro test at first
And this forum, Forex Factory, YouTube, etc., provides endless resources, but the best of all is that he learned from an expert teacher and got advice and guidance from him. This may not be the right place. Because the more resources you have, the more you get lost & wander
One of the things that I have stated that I have to do in my trading path is to attend Georginson's training classes, which I haven't been able to do yet, and I will definitely do it in the future ( I don't know when).
There is nothing wrong with being kind & loving to each other
  • #703,958
  • Nov 4, 2022 9:00am Nov 4, 2022 9:00am
Quoting RemyLou
{quote} This is Exactly what im trying to learn...so for ive noticed wolf and Pat doing it but how do you knw how the new reaction is going to impact the market. if you have notes plz share thm
It is combined with intuition + technical.

The price fell a lot and weekly range has extended. There may not be enough liquidity to fall further from daily open.

From daily open, asia gave 100 pips spike. It tells that selling interest is off temporarily this week due to liquidity.

Usually NFP ( These days gives push down... then if daily open is not broken... the price has to go up.

The uppish move from daily open was confirmed in my chart with a momentum indicator.
Intraday only.
  • #703,959
  • Nov 4, 2022 9:03am Nov 4, 2022 9:03am
Quoting RaHaG0D
{quote} The right answer is to let everyone be themselves. Someone who does not want to share his chart must have his own reasons. Let's not force anyone to act against their inner desire. There are many charts shared here on a daily basis, and I think there are many, many topics for someone to learn. You said good points, but be sure that 99% of newbies will not do it like our past self and maybe our present self. There are people who just see a signal from somewhere, they enter their entire account into the trade & lose the account. I think there...
i would say the best decision for me is stop coming here overall,
i only make like 400 post in 7 years
because everyone's trading style is different and i end up trading without using any indicators at all
best decision ever.
i have turned 1k - 400k in one week without using anything from forexfactory

Also do not trade demo account for more than a month!!!! very important
trade with real money please
demo account is a waste of time
i still get nervous seeing thousands going up and down every minute .
you won't feel that with demo

i wasted many months on demo before and build a lot of bad habbit
  • #703,960
  • Nov 4, 2022 9:05am Nov 4, 2022 9:05am
Yes yes yes
Classic nfp. Retracement
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2022-11-04-16-03-25-530_net.metaquotes.metatrader4.jpg Size: 586 KB
yes yes yes
696 traders viewing now