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Cable Update (GBPUSD)

  • #715,341
  • Dec 20, 2022 5:37am Dec 20, 2022 5:37am
Quoting Pat Chiko
{quote} GU Ranging past since Friday. Trapping both seller and buyer. Maybe it want to range until XMas.......{image}
I think the true direction will take place when everyone is partying ($$$ will be low) while hedgies and banks will drag her to place where they want.
More time in the market, does not mean you trade better!
  • #715,342
  • Dec 20, 2022 5:38am Dec 20, 2022 5:38am
Quoting RemyLou
{quote} I was also planning on catching a retracement but UJ retracements are built different. Last time i implemented that strategy mf just kept goin down. This time im planning on sellin UJ retracement
That's why I enter with smaller lot size so I can endure even 100 pips without too much of a worry. Eventually retracement will come and I'll even be 100 pips in profit if not even more. We're talking about USD here..
  • #715,343
  • Dec 20, 2022 5:44am Dec 20, 2022 5:44am
Dancing around the Christmas tree…(pivot point) a break out above could be useful
Insane in the Brain..
  • #715,344
  • Dec 20, 2022 5:49am Dec 20, 2022 5:49am
Quoting TheWolf
{quote} That's why I enter with smaller lot size so I can endure even 100 pips without too much of a worry. Eventually retracement will come and I'll even be 100 pips in profit if not even more. We're talking about USD here..

Admire your patience Wolf....
Agree with you.....It's very difficult to "predict" the exact level to enter or exit a trade, so you trade on "actionable zones".
Thus, you're waiting for the correction movement for trade to move in your favour.
That's what I called.. "patient and controlling risk"
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #715,345
  • Dec 20, 2022 5:55am Dec 20, 2022 5:55am
sell - 1.2170

stop loss - 1.2190
Together we can be strongest
Vantage Return This Month: -97.0%
  • #715,346
  • Dec 20, 2022 5:57am Dec 20, 2022 5:57am
Quoting palpite
sell - 1.2170 stop loss - 1.2190
If you dont mind me asking, are you aiming for 1.2140 or lower?

Kind regards,

C.
  • #715,347
  • Dec 20, 2022 5:58am Dec 20, 2022 5:58am
update gbpusd and usindex

gbpusd = still in green channel, but 1,2180 is double top pattent
short

1.2155 is S of green ch., so if we are below 1.2180 is all for sell
Attached Image (click to enlarge)
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Trendlines H1,H4, SMC
  • #715,348
  • Dec 20, 2022 6:01am Dec 20, 2022 6:01am
Quoting Cfin
{quote} If you dont mind me asking, are you aiming for 1.2140 or lower? Kind regards, C.
Yes, around 1.21
Together we can be strongest
Vantage Return This Month: -97.0%
  • #715,349
  • Dec 20, 2022 6:07am Dec 20, 2022 6:07am
Quoting Cfin
{quote} If you dont mind me asking, are you aiming for 1.2140 or lower? Kind regards, C.
move the stop loss to break even and leave the trade running, no risk more.
Together we can be strongest
Vantage Return This Month: -97.0%
  • #715,350
  • Dec 20, 2022 6:08am Dec 20, 2022 6:08am
Quoting palpite
{quote} move the stop loss to break even and leave the trade running, no risk more.
You are very kind. Appreciate it!
  • #715,351
  • Dec 20, 2022 6:08am Dec 20, 2022 6:08am
I am seeing SELL here but these wicks are a cause for a concern.
Attached Image (click to enlarge)
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The market hides a perfect geometry.
  • #715,352
  • Dec 20, 2022 6:10am Dec 20, 2022 6:10am
Quoting palpite
{quote} move the stop loss to break even and leave the trade running, no risk more.
The urge to accept the profits so I won't regret it afterwards is the actual devil.
  • #715,353
  • Dec 20, 2022 6:12am Dec 20, 2022 6:12am
long in at 1.2152 will add if it goes down to 1.2140
Don't trade what you think. Just what you see!!!
  • #715,354
  • Dec 20, 2022 6:22am Dec 20, 2022 6:22am
Quoting Cfin
{quote} The urge to accept the profits so I won't regret it afterwards is the actual devil.
Yes, for all of us
Together we can be strongest
Vantage Return This Month: -97.0%
  • #715,355
  • Dec 20, 2022 6:24am Dec 20, 2022 6:24am
Today i am lucky enough to catch a short position from 1.2209 in the asian session and hit the tp now waiting for buy trade to hit tp. Waiting patiently
Attached Image (click to enlarge)
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  • #715,356
  • Dec 20, 2022 6:26am Dec 20, 2022 6:26am
Quoting Cfin
{quote} The urge to accept the profits so I won't regret it afterwards is the actual devil.
NO ,not to accept lost is bigger devil
  • #715,357
  • Dec 20, 2022 6:27am Dec 20, 2022 6:27am
Attached Image (click to enlarge)
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yes yes yes
  • #715,358
  • Dec 20, 2022 6:28am Dec 20, 2022 6:28am
Quoting Pat Chiko
{quote} Hi The Wolf........ I like and appreciate your methodical approach to analysis. However, financial markets are extraordinarily complex with a multitude of players, each with a different agenda and time perspective, providing the trader with a variety of opportunities for profit....{image}
Im glad you brought that up Pat coz i wanted to ask...

See i was having a good coffee the other day and a thought just hit me...

What if you could break it down to key major players, understand their temperament,agendas and affiliations.

wouldnt give me an edge on where the market is about to go?
Lou Vincii Code
  • #715,359
  • Dec 20, 2022 6:35am Dec 20, 2022 6:35am
Quoting erez h
{quote} NO ,not to accept lost is bigger devil
That is also incredibly true!
  • #715,360
  • Dec 20, 2022 6:42am Dec 20, 2022 6:42am
im attempting a 5k evaluation mff. wish me luck
be a thinker before being a reacter
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