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Cable Update (GBPUSD)

  • #713,041
  • Dec 9, 2022 9:49am Dec 9, 2022 9:49am
Quoting bilal1947
{quote} Long at 1.22529 - take some thing and set at BE. it can hit BE anytime. {image}
stopped out at BE due to news

re-entered on same GU long bias. (both set to BE will hold for the weekend, hoping price wont open gap down below the BE price )
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and EU too:
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"Exchange of hands"
  • #713,042
  • Dec 9, 2022 9:51am Dec 9, 2022 9:51am
Quoting Fardeen1209
{quote} I don't use any indicators, only Price action on multiple timeframes, Market structure, Support and resistance, Risk and money management, and lastly and most importantly, when I open a position I say "God Please help me and please make my TP hit. Amen" But as you were saying, it could be true, now GU is rejecting at a very large Order block on 1hr tf, I am expecting that minor retrace so I can add some more longs at 1.223 or the fall could continue took my SL on my add-ons at 1.223, and SL hit below at positive pip
these stop hunts were expected at such a strong resistance breakout level
price will continue north for 150 approx then meet another stop hunt level
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  • #713,043
  • Dec 9, 2022 9:56am Dec 9, 2022 9:56am
Quoting bilal1947
{quote} stopped out at BE due to news re-entered on same GU long bias. (both set to BE will hold for the weekend, hoping price wont open gap down below the BE price ) {image} and EU too: {image}
Quoting bilal1947
{quote} I trade 1 min chart which is Lower time frame (LTF), whereas i wish to convert into higher time frame (HTF). I have practiced to see the fake out / stop hunt on LTF only. Best regard Good luck and good trading bilal
Getting better had converted 1Min trading to HTF

had caught low of these days this week
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Thanks to everyone on this thread including PAT and others who has helped me improve


happy weekend everyone!

stay blessed
regards
bilal
"Exchange of hands"
  • #713,044
  • Dec 9, 2022 9:57am Dec 9, 2022 9:57am
green isn't always good
we live in an ugly economic world where only the FED matter
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #713,045
  • Dec 9, 2022 9:58am Dec 9, 2022 9:58am
Quoting Yngwie
This is funny. 3 good high impact news for USD but no bear at all.
Too many retail sellers are responsible for this surge as market makers will not give them their wish until their stops are hit or they start closing manually... A gap down on Monday extremely likely.
Data + Stat + Risk/Emotions Management
  • #713,046
  • Dec 9, 2022 10:00am Dec 9, 2022 10:00am
Scenario
1) Break of new high around 1.24 before plummeting today later

2) Failure to break 1.233 ish then plummeting

3) Rocket up and you see extremes gap downwards on Monday.
Exhausted
  • #713,047
  • Dec 9, 2022 10:01am Dec 9, 2022 10:01am
Forget it bears the bull game still remain tough, even with the high grade numbers from America the resistance at 1.22025 still remain the absolute numbers to beat. 1.25000 from. Today
Keep the Lights on then you can catch the rise from the dark.
  • #713,048
  • Dec 9, 2022 10:07am Dec 9, 2022 10:07am
green is good if price bounces off it in a bullish market
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #713,049
  • Dec 9, 2022 10:16am Dec 9, 2022 10:16am
Up up and away.
Trading demo keeps showing me my system has an edge and I'm usually on the right side.
How am I not profitable yet in my live acc omg.
Exhausted
  • #713,050
  • Dec 9, 2022 10:18am Dec 9, 2022 10:18am
Possible gap up and reversal opening next week cable and UJ, UC the other way unless we close with a run, it should be a considerable run though
POSTMASTER
  • #713,051
  • Dec 9, 2022 10:21am Dec 9, 2022 10:21am
LvMMT

Inserted Video
POSTMASTER
  • #713,052
  • Dec 9, 2022 10:24am Dec 9, 2022 10:24am
Blow my account today. Fk

eu drop but gu shooting. I never really understand the market fk
  • #713,053
  • Dec 9, 2022 10:33am Dec 9, 2022 10:33am
Quoting Phil_GMT
K.I.S.S {image} I'm buying at any new low l may even get a retrace to yellow Trend line 1.2135. Keeping my lot sizes low. Important USA News at 1330 GMT (Core PPI). That will be the decider.
I'm still here in my longs, still hoping for a breakout upwards, I think I should take profit. My Target of 1.2427 is not going to happen today.

My first SL B4 News was @ 1.2186.

The News at 1330 GMT Respected a Trendline on the H1 chart.

I stuck to my plan for low lots ,as the news could wipe me out, I also added more trades after the slaughter.
Stop Loss was around 1.2246 (under thick lime trendline).

Red UP Arrows are my Entries.


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All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 19.9%
  • #713,054
  • Dec 9, 2022 10:34am Dec 9, 2022 10:34am
Decision time, hold 'em or fold 'em
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Always trade your own plan...I don't provide trading signals.
  • #713,055
  • Dec 9, 2022 10:39am Dec 9, 2022 10:39am
Quoting Georginson
{quote} Too many retail sellers are responsible for this surge as market makers will not give them their wish until their stops are hit or they start closing manually... A gap down on Monday extremely likely.
What if traders do not have a SL and donīt close manually? Just asking
POSTMASTER
  • #713,056
  • Dec 9, 2022 10:39am Dec 9, 2022 10:39am
Dxy? Let go.. 105.6
  • #713,057
  • Dec 9, 2022 10:40am Dec 9, 2022 10:40am
Closed long 20 pips, considering short.
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Exhausted
  • #713,058
  • Dec 9, 2022 10:46am Dec 9, 2022 10:46am
Quoting Robinhood1
{quote} I still think we must close the gap. curious to see the outcome. {image}
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POSTMASTER
  • #713,059
  • Dec 9, 2022 10:48am Dec 9, 2022 10:48am
Crazy day! GU goes up even though the data was against it. Will be holding shorts till next week
Insane in the Brain..
  • #713,060
  • Dec 9, 2022 10:48am Dec 9, 2022 10:48am
Quoting Robinhood1
{quote} What if traders do not have a SL and donīt close manually? Just asking
Mmakers could be fk up right? logic
POSTMASTER
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