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Cable Update (GBPUSD)

  • #715,381
  • Dec 20, 2022 8:18am Dec 20, 2022 8:18am
Quoting palpite
sell - 1.2170 stop loss - 1.2190
Great call. I closed my trade before. If 1m candle is not going where I want I'm closing it. Sadly the level 2170 was great but I wasn't sure if we even get there that's why I opened my sell before.

SF
  • #715,382
  • Dec 20, 2022 8:18am Dec 20, 2022 8:18am
for once i stayed out when the data came out
now i can short again
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 14 KB
yes yes yes
  • #715,383
  • Dec 20, 2022 8:23am Dec 20, 2022 8:23am
Quoting Moty
for once i stayed out when the data came out now i can short again {image}
I think the next point will be around 1.22
Together we can be strongest
Vantage Return This Month: -97.0%
  • #715,384
  • Dec 20, 2022 8:27am Dec 20, 2022 8:27am
USD/JPY

15M Long
30M just confirmed Long

We'll see..

This or next 15M closing below 132.140 isn't good for Bulls..still!

15M Chart...
30M...

And H1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPY 15M.png Size: 19 KB
Click to Enlarge Name: USDJPY 30M.png Size: 19 KB
Click to Enlarge Name: USDJPY H1.png Size: 21 KB
  • #715,385
  • Dec 20, 2022 8:32am Dec 20, 2022 8:32am
Quoting erez h
{quote} NO ,not to accept lost is bigger devil
Well Said, most Retail Traders hold on HOPES it will Recover, i do too sometimes but only when i am Trading Long term, for that you need to be very very careful,
+ a lot of Fundamentals can change in matter of Weeks, for instance today BOJ surprised and see what happened, i never suspected that much Drop,
Yesterday i mentioned Selling EURJPY and EURUSD, i shorted both.
to be honest EURUSD didn't do much, but i am biting my Nails why the hell i didn't left EURJPY TP open not just 50 pips..
but that is how it is some times,
in my Honest Review of 100's of live traders i Knew did 1 Big Mistake,
when a Position Start Going Against you, their mind automatically makes that SHort term 30 pip trade into Long term Trade,
never do that, in forex mind Plays Tricks on Charts Because a CHart is worth thousand words,
so buyers can see Buy and Sellers can see SELL very easily,
first Set your mind about the True Trend and then holdo n to it until something big changes Trust me i am Writing from Experience
and i can tell you for Fact that Fundamentals Move the Market in long term not technicals,
Don't compare your Trades with Others
  • #715,386
  • Dec 20, 2022 8:35am Dec 20, 2022 8:35am
Quoting DubaiFX
{quote} Well Said, most Retail Traders hold on HOPES it will Recover, i do too sometimes but only when i am Trading Long term, for that you need to be very very careful, + a lot of Fundamentals can change in matter of Weeks, for instance today BOJ surprised and see what happened, i never suspected that much Drop, Yesterday i mentioned Selling EURJPY and EURUSD, i shorted both. to be honest EURUSD didn't do much, but i am biting my Nails why the hell i didn't left EURJPY TP open not just 50 pips.. but that is how it is some times, in my Honest Review...

You're a man of great wisdom. I appreciate your contributions.
  • #715,387
  • Dec 20, 2022 8:36am Dec 20, 2022 8:36am
Quoting RemyLou
{quote} I dont have a concrete plan. My fundamental analysis is a work in progress. I have a lot of homework to do. If i may ask you,what are the key variables to focus on with recession on the way?
Well, we look at the history right?

Which currencies do well during recession? USD, CHF and JPY.
Next, we look for those very good opportunities to enter long on these currencies.

Which currencies do badly during recession? Well, the winner here is GBP.
We also then look for opportunities to Short Pound when market provides us good price to start Selling Pound from.

This is how I do these stuff.
Of course closely monitoring any changes in monetary policy also. Client sentiment also to some degree.
  • #715,388
  • Dec 20, 2022 8:37am Dec 20, 2022 8:37am
Quoting palpite
{quote} I think the next point will be around 1.22
good call! 122 would be a good safety area too for a flip long.
Insane in the Brain..
  • #715,389
  • Dec 20, 2022 8:39am Dec 20, 2022 8:39am
GBP/USD complete Range, don't even bother trading this crap.. unless you can actually make money in this disaster..
  • #715,390
  • Dec 20, 2022 8:40am Dec 20, 2022 8:40am
Quoting TheWolf
USD/JPY 15M Long 30M just confirmed Long We'll see.. This or next 15M closing below 132.140 isn't good for Bulls..still! 15M Chart... 30M... And H1 {image} {image} {image}
Wolf be Very very Careful,
Remember 3 main things,
1: End of Year Position Adjustment is Happening, also Christmas is coming,
2: USD INDEX is Puzzling right now,
3: with Yen there is no Bottom or TOP it may go up 200 pips from here and may Drop 200 pips also,
if i were you i will wait for new Year after that i will see where to go from where ever the level YEN will be..
just my 2 Cents, Please Don't Mind it was just an opinion,
because i have when we lose and Big boys make millions from our mistakes..
Good Luck.
Don't compare your Trades with Others
  • #715,391
  • Dec 20, 2022 8:45am Dec 20, 2022 8:45am
Quoting TheWolf
GBP/USD complete Range, don't even bother trading this crap.. unless you can actually make money in this disaster..
It's not actually disaster but a range with opportunities.
Plan your trades and trade your plan.
  • #715,392
  • Dec 20, 2022 8:47am Dec 20, 2022 8:47am
Quoting BeeTogether
{quote} good call! 122 would be a good safety area too for a flip long.
This and the next week is better to do scalps and put the money in the pocket. The market is very aggressive.
Together we can be strongest
Vantage Return This Month: -97.0%
  • #715,393
  • Dec 20, 2022 8:49am Dec 20, 2022 8:49am
Quoting DubaiFX
{quote} Wolf be Very very Careful, Remember 3 main things, 1: End of Year Position Adjustment is Happening, also Christmas is coming, 2: USD INDEX is Puzzling right now, 3: with Yen there is no Bottom or TOP it may go up 200 pips from here and may Drop 200 pips also, if i were you i will wait for new Year after that i will see where to go from where ever the level YEN will be.. just my 2 Cents, Please Don't Mind it was just an opinion, because i have when we lose and Big boys make millions from our mistakes.. Good Luck.
Thanks for reply! After this Week, I'll think about the situation definitely as I am not keen on leaving trades open during holidays because anything can happen and we are much more vulnerable to crazy moves.
  • #715,394
  • Dec 20, 2022 8:52am Dec 20, 2022 8:52am
Quoting TheWolf
USD/JPY 15M Long 30M just confirmed Long We'll see.. This or next 15M closing below 132.140 isn't good for Bulls..still! 15M Chart... 30M... And H1 {image} {image} {image}
Either we'll get the retracement now or... 1M and 5M also Long now. Would be way better for Hourly to confirm, but we're 150 pips or more away from that and could potentially miss the trade.
  • #715,395
  • Dec 20, 2022 8:55am Dec 20, 2022 8:55am
EUR/CAD H4
Went Short @ 144.705.

Potential: 450 pips
Attached Image (click to enlarge)
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  • #715,396
  • Dec 20, 2022 9:04am Dec 20, 2022 9:04am
NZD/CAD Weekly

Short @ 0.86275

** (NZ Change in GDT Price Index: -3.8% (prev +0.6%)) **
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCAD Weekly.png Size: 24 KB
  • #715,397
  • Dec 20, 2022 9:11am Dec 20, 2022 9:11am
Quoting TheWolf
NZD/CAD Weekly Short @ 0.86275 ** (NZ Change in GDT Price Index: -3.8% (prev +0.6%)) ** {image}
Hey Thewolf,

Perhaps not related to your post, but I just picked up a buy trade on NZDUSD
Interesting to see. Having seen your post, I may just target previous significant HIGH to be safe.

Cheers
  • #715,398
  • Dec 20, 2022 9:18am Dec 20, 2022 9:18am
Quoting palpite
{quote} I think the next point will be around 1.22
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 20 KB
yes yes yes
  • #715,399
  • Dec 20, 2022 9:34am Dec 20, 2022 9:34am
Quoting Cfin
{quote} You're a man of great wisdom. I appreciate your contributions.
Thank You Appreciated Cfin.


Your Past Mistakes are Meant to Guide you, Not DEFINE you...
Don't compare your Trades with Others
  • #715,400
  • Dec 20, 2022 9:40am Dec 20, 2022 9:40am
Quoting Moty
{quote}{image}
Something is wrong, because the Usd Index is dropping and GBPUSD is dropping too.

Attached Image (click to enlarge)
Click to Enlarge Name: palpite.png Size: 18 KB
Together we can be strongest
Vantage Return This Month: -97.0%
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