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Cable Update (GBPUSD)

  • #704,861
  • Nov 8, 2022 1:46am Nov 8, 2022 1:46am
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yes yes yes
  • #704,862
  • Nov 8, 2022 1:46am Nov 8, 2022 1:46am
Quoting Bella.al
Current Rate : 1.14896 Today i would like to be a "Responsive Buyer" that is buying when the GBPUSD is under-value in relation to Pivot Point. Waiting for Dip below Pivot Point -Bella's Trend Cycles. {image}
Current Rate : 1.14749

Well, nothing has happened what i am expecting , GBPUSD dips below the Pivot Point 1.14480 .

Waiting Patiently.

-Bella's Trend Cycles.

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Goddess of Thunder..
  • #704,863
  • Nov 8, 2022 1:46am Nov 8, 2022 1:46am
Alright with bulls now… targetting anything above 1.15… let see… sl will be low of the day…1:1RR
Extreme gut feeling trader
  • #704,864
  • Nov 8, 2022 1:48am Nov 8, 2022 1:48am
...so bulls launch a with 1hr uptrend attempt to go higher (after the pullback) from deeper in that prev 1hr sw lo zone confluence with the daily pivot & 2 x fibs.

1hr below
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Trader with an Edge.
  • #704,865
  • Nov 8, 2022 1:49am Nov 8, 2022 1:49am
Quoting billytt
{quote} also, once price moves back into that 08-00 15 minute area, we can trade the breakout again. This does mean more risk. The more we trade the more we risk. The 00-00 to 04-00 range can be traded with a breakout and also more than once. trade well.
Yesterday I worked out trading 5 candles only on the break of previous high and closing at candle close, could of brought me 143 pips. Not to be sniffed at
  • #704,866
  • Edited 2:14am Nov 8, 2022 1:50am | Edited 2:14am
Quoting MrFanciful
It doesn't matter what timeframe I use, whether I use indicators or just price action. I even learned C# so I could code my own custom indicator to help with directional bias. I just lose lose lose. Interspersed with the rare lucky day. I'm close to calling it quits.
Since you have such a high rate of scoring negative profits one way to progress might be to invest in a notebook, pencil, red colour pen and possibly a ruler if tidy drawn lines are more desirable. Using this approach demands a very careful studies of charts and decision to either buy or sell. Now comes a notebook and a pencil! Write the intention to trade, and add any and all explanation/s as to why to buy or to sell. Do not pull the trigger yet, there is a bit more to do. After that hard work of studying and writing is accomplished, please use the red pen (and a ruler if more aesthetic lines are of more comfort) and draw a red line below all that has been written. Once that has been done, please do the opposite to what is written above the red coloured line. Once in trade concentrate where to place stops and profit targets as the ones that were worked out and written above the red line will not do. Money Management is also important, add more lots ONLY when position is in profit.This supposedly simple approach works in all TFs, but better in shorter TFs and with any and more indicators, especially the ones used without any knowledge as to what they are.

Before dismissing this approach, please try it on small lots but trade real cash.
That will afford to observe the interaction with the market, PA, fake news and the emotional stress ect, causing many to do the opposite of what is required. Reversed psychology might just work, especially when there has been a high proportions of loosing trades, and a high proportion of badly loosing trades.
Make sure losses are small and profits are bigger!
  • #704,867
  • Nov 8, 2022 1:51am Nov 8, 2022 1:51am
Quoting montygoldy
Alright with bulls now… targetting anything above 1.15… let see… sl will be low of the day…1:1RR
4 hours candle support is 1.1440,

Below 1.1440 means 1.1373 today
Above 1.1440 means 1.1600 today.

Simple tip with no obligation to follow
Buy and set stop at 1.1437... for a target of 1.1600.

If stop gets hit, then bearish confirmation to attack 1.1373 will follow.
Data + Stat + Risk/Emotions Management
  • #704,868
  • Nov 8, 2022 1:52am Nov 8, 2022 1:52am
come on !!!!!!!!!
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yes yes yes
  • #704,869
  • Edited 2:07am Nov 8, 2022 1:52am | Edited 2:07am
Maybe a long to 115 not sure

SL at b/e (11478) after 11510 reaches

took profit.

Gone short at 11485
Insane in the Brain..
  • #704,870
  • Nov 8, 2022 2:02am Nov 8, 2022 2:02am
1.14970 I will short cable
  • #704,871
  • Nov 8, 2022 2:03am Nov 8, 2022 2:03am
GU

Setting for SHORT Scalping
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #704,872
  • Nov 8, 2022 2:03am Nov 8, 2022 2:03am
Quoting Bella.al
{quote} Current Rate : 1.14749 Well, nothing has happened what i am expecting , GBPUSD dips below the Pivot Point 1.14480 . Waiting Patiently. -Bella's Trend Cycles. {image}
Just in case you didn't catch it, on the 5 min chart it did poke a wick below the 1.14480 point.
  • #704,873
  • Nov 8, 2022 2:05am Nov 8, 2022 2:05am
Quoting Georginson
{quote} Hello Mate, here are few tips that may help you continue trading... ✓ Do not trade with money you cannot afford to lose, this will help regulate your emotions; ✓ Define your Risk and Reward before making that entry and stick to it (Ensure your risk is lesser than your reward); ✓ Avoid Fear of Missing Out (Fomo), it's okay to miss out on some opportunities which may be threats in disguise, do wait for that confirmation; ✓ Be as flexible as possible (Do not be too loyal or fixated on a position); ✓ The trend...

If you have lost money you better keep your mouth shut rather than expressing how lovers should feel after re evaluating their short position after the immediate rise. Forex doesn't respect discipline you trade everyday and you don't know why. Qed
Keep the Lights on then you can catch the rise from the dark.
  • #704,874
  • Nov 8, 2022 2:05am Nov 8, 2022 2:05am
Buy GU @ 1.14900
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!! Radha Radha !!
  • #704,875
  • Nov 8, 2022 2:06am Nov 8, 2022 2:06am
Quoting dantpm
{quote} Just in case you didn't catch it, on the 5 min chart it did poke a wick below the 1.14480 point.
Hello,

Yes, thank you. I need more of those pokes from GBPUSD

-bella
Goddess of Thunder..
  • #704,876
  • Nov 8, 2022 2:10am Nov 8, 2022 2:10am
Cable trend currently remains up. Will sell soon, however possible that this will be a retracement. Let’s wait and see.
  • #704,877
  • Nov 8, 2022 2:11am Nov 8, 2022 2:11am
Quoting montygoldy
So i have withdrawn my initial deposit for this casino acc … in case i lose this one to start over…. Let see how far this account can go targeting 4k by the end of the week..
Hi montygoldy, Lately I have not been on the forum that much and on this thread I have not been for many many years. Once upon the time I used to trade cable and other fx pairs, but have moved to trade indices. This might be one of the longest thread on FX, and bears the scars of many battles (many of them were battles with myself).
Good wishes to you!
2be
Make sure losses are small and profits are bigger!
  • #704,878
  • Nov 8, 2022 2:12am Nov 8, 2022 2:12am
...last 1hr close bullishly engulfs last 3 candle bodies...bulls now struggling at breached asc t/line -underside / a prev 30min sw hi zone. Last gmt+2 4hr close a bullish-bodied pinbar a few mins ago

1hr below
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Trader with an Edge.
  • #704,879
  • Nov 8, 2022 2:18am Nov 8, 2022 2:18am
Quoting ricmaj
{quote} If you have lost money you better keep your mouth shut rather than expressing how lovers should feel after re evaluating their short position after the immediate rise. Forex doesn't respect discipline you trade everyday and you don't know why. Qed
Language please, I don't understand your write up.
Data + Stat + Risk/Emotions Management
  • #704,880
  • Nov 8, 2022 2:19am Nov 8, 2022 2:19am
Quoting Pat Chiko
GU Setting for SHORT Scalping{image}
GU

Try luck Scalp SHORT
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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