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Cable Update (GBPUSD)

  • #707,041
  • Nov 14, 2022 9:45am Nov 14, 2022 9:45am
Quoting bilal1947
{quote} it is i just long the GU the very last time at 1.17169 -8pip SL
You can say that again.
MM still painting a bearish picture to suck in dumb money

Ah ah, classic MM moves
  • #707,042
  • Nov 14, 2022 9:49am Nov 14, 2022 9:49am
MM: Just stand there for a few more munites
BEAR:
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  • #707,043
  • Nov 14, 2022 9:54am Nov 14, 2022 9:54am
Can I get 25 pips
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  • #707,044
  • Nov 14, 2022 9:56am Nov 14, 2022 9:56am
Gbpusd long at 1.16973
  • #707,045
  • Nov 14, 2022 9:58am Nov 14, 2022 9:58am
Quoting JayBag
{quote} You can say that again. MM still painting a bearish picture to suck in dumb money Ah ah, classic MM moves
Jay, you are a very experienced trader to know these pranks of market makers... They want to gather as much liquidity as possible... I now see it as market randomness.

This week I'm expecting 1.1878/1.1920 to 1.1598/1.1534...
Data + Stat + Risk/Emotions Management
  • #707,046
  • Nov 14, 2022 10:01am Nov 14, 2022 10:01am
sold third time
it needs correction to min.1.1656
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  • #707,047
  • Nov 14, 2022 10:05am Nov 14, 2022 10:05am
Needing a lift to 11780 area for another short
Insane in the Brain..
  • #707,048
  • Nov 14, 2022 10:06am Nov 14, 2022 10:06am
Quoting Georginson
{quote} Jay, you are a very experienced trader to know these pranks of market makers... They want to gather as much liquidity as possible... I now see it as market randomness. This week I'm expecting 1.1878/1.1920 to 1.1598/1.1534...
Bro, MM steadily competing with Leonard.

though I will start selling at 1.184X, I will be very happy to negotiate even more shorts around your 1.1878 and 1.1920 area
Target: 1.1555.

For long, I may consider the same 1.1555X or your 1.1534 if they decide to sweep
Thanks for sharing these levels with us

Cheers
  • #707,049
  • Edited 3:26pm Nov 14, 2022 10:09am | Edited 3:26pm
This order was cancelled , please see link below

https://www.forexfactory.com/thread/...4#post14222364



Quoting Bella.al
Current Rate : 1.17661 Bullish Cycle Started – 04.11.2022 Strategy/Entry level: Date :14.11.2022 Type: Limit Order Buy Limit : 1.16891 Stop-Loss: 1.16500 Objective: 1.20281 -Bella's Blue {image}
Current Rate : 1.17329

I am still waiting for my Buy Limit at 1.16891 to initialize . Expecting "Bella's Support : 1.16541" to hold any drop below 1.16891 lvl.

-bella
Goddess of Thunder..
  • #707,050
  • Nov 14, 2022 10:17am Nov 14, 2022 10:17am
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yes yes yes
  • #707,051
  • Nov 14, 2022 10:19am Nov 14, 2022 10:19am
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #707,052
  • Nov 14, 2022 10:20am Nov 14, 2022 10:20am
Quoting mtako
{image}
  • #707,053
  • Nov 14, 2022 10:26am Nov 14, 2022 10:26am
It’s slow going
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  • #707,054
  • Nov 14, 2022 10:30am Nov 14, 2022 10:30am
Right paint has dried… now watching the weekends football highlights. Please nudge if the markets wake up
Insane in the Brain..
  • #707,055
  • Nov 14, 2022 10:35am Nov 14, 2022 10:35am
Quoting BeeTogether
Right paint has dried… now watching the weekends football highlights. Please nudge if the markets wake up
Mtako nudging BeeTogether right now!!!!!!!!!!!!!!!!!!!!!!!!!!!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #707,056
  • Nov 14, 2022 10:37am Nov 14, 2022 10:37am
Quoting Wavegarrick
{quote} Hi Guys, Gu from a daily perspective with my monthly resistance1 and ascending trend line coming up at 1.17665. Perhaps we will see a retrace from here. Having said we are in a new trading zone between 1.16169 and 1.1956 and bulls will want to stay in this area reaching the mid point of the 4th quarter. Have a great day, Cheers. {image}
Hi Guys, I am in with a little buy trade at 1.17342 which I could cut short. My weekly pivot at 1.16577 an attractive target to get into more buy trades,
Have a great week,
Cheers
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Trade to trade another day
  • #707,057
  • Nov 14, 2022 10:39am Nov 14, 2022 10:39am
Quoting JayBag
{quote} You can say that again. MM still painting a bearish picture to suck in dumb money Ah ah, classic MM moves
perhaps it is only me whose SL hunting was being done since rest of the people dont even use it

Psychologically MM has built the narrative that it is better not to use SL, so let retailers keep the doors be open so they can wipe it all
"Exchange of hands"
  • #707,058
  • Nov 14, 2022 10:39am Nov 14, 2022 10:39am
Quoting BeeTogether
Right paint has dried… now watching the weekends football highlights. Please nudge if the markets wake up
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  • #707,059
  • Nov 14, 2022 10:42am Nov 14, 2022 10:42am
Teased me there. A mini spike and now back to range levels lol. School run beckoning back in an hour
Insane in the Brain..
  • #707,060
  • Nov 14, 2022 10:46am Nov 14, 2022 10:46am
Quoting bilal1947
{quote} perhaps it is only me whose SL hunting was being done since rest of the people dont even use it Psychologically MM has built the narrative that it is better not to use SL, so let retailers keep the doors be open so they can wipe it all
It's not better not to use stop.

The trick is to average in trades bro.
If I planned on using 1 full LOT, I'd simply break it down to small lots and just take 0.1 lot trades instead.
Adding up on every dip till I reach my psyc level or the amount I am willing to risk in the first place.

Another thing one could do is have multiple sub-accounts. If $100 is the capital, just open sub and push $5or$10 to a sub-account and attack with it at a time.

I hope I am making any sense.
Cheers
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