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Cable Update (GBPUSD)

  • #718,841
  • Jan 6, 2023 10:25am Jan 6, 2023 10:25am
Quoting Georginson
Sold 1.1940... target 1.1880... Second sell limit at 1.1968...
Already swimming in 100 pips drawdown within minutes of entries... Bulls are rampant though signs of exhaustion ongoing at 1.2045 area, will close one position once price retraces to 1.1987... I'm not adding anymore sell.
Data + Stat + Risk/Emotions Management
  • #718,842
  • Jan 6, 2023 10:28am Jan 6, 2023 10:28am
Let see if we see a BOS, price hits daily fvg high
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"Exchange of hands"
  • #718,843
  • Jan 6, 2023 10:28am Jan 6, 2023 10:28am
Sidelines but will try to long on retracement… i think 1.21 is a possibility today or monday
Extreme gut feeling trader
  • #718,844
  • Jan 6, 2023 10:31am Jan 6, 2023 10:31am
1.19935 is yours. If you're Short. At least..
  • #718,845
  • Jan 6, 2023 10:34am Jan 6, 2023 10:34am
Seems like bulls can go and buy a private island while we (I) sellers can go back to work to McDonald's


What has happened to me...
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How to succeed in zero sum game?
  • #718,846
  • Jan 6, 2023 10:38am Jan 6, 2023 10:38am
Dxy has still room to go down .. probably take out the yesterday low maybe… not sure as its already in oversold zone… waiting for retracement to enter at better price
Extreme gut feeling trader
  • #718,847
  • Jan 6, 2023 10:40am Jan 6, 2023 10:40am
Looks like I'll be down here until next week but you never know
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  • #718,848
  • Jan 6, 2023 10:41am Jan 6, 2023 10:41am
just 6 points, iss good.

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Together we can be strongest
Vantage Return This Month: -97.0%
  • #718,849
  • Jan 6, 2023 10:42am Jan 6, 2023 10:42am
happy bday dave insiders only KAboom or bust re cycles
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  • #718,850
  • Jan 6, 2023 10:45am Jan 6, 2023 10:45am
Quoting palpite
just 6 points, iss good. {image}
+6 is better than -6!
  • #718,851
  • Jan 6, 2023 10:46am Jan 6, 2023 10:46am
103.800 zone is a place i feel we get a meaningful retracement….
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Extreme gut feeling trader
  • #718,852
  • Jan 6, 2023 10:46am Jan 6, 2023 10:46am
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2085 mmmm that’s a big resistance
  • #718,853
  • Jan 6, 2023 10:47am Jan 6, 2023 10:47am
Quoting Phil_GMT
Got Slaughtered -$850, -4.3% Plan did not workout, put too much on, overconfident, 93 days funded, is this the end? Probably not getting my 3rd payout now. Buyers well Done. My day started off bad, when I got to the screens late, knowing I missed an easy sell setup. I'll enter a Sell medium lot size 0.4, 200pip SL on Monday aiming for 1.1800, If that does not work, I won't be around.
Saying this cause I want you to stay at the game. Reconsider, you may be chasing. Come at it on Monday with a clear head. We're likely entering a bullish phase on cable. After such a long accumulation on the dollar it can take us up to 1.23 easily. 4.3% down isn't the end of the world. Twice that and you will have trouble staying funded.
  • #718,854
  • Jan 6, 2023 10:48am Jan 6, 2023 10:48am
buy again.

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Together we can be strongest
Vantage Return This Month: -97.0%
  • #718,855
  • Edited 11:18am Jan 6, 2023 10:56am | Edited 11:18am
trade what you see re vi sionist get your booster gallo NO never ....protect your own immune system stay informed no consent follow the money pfizer WHO profits keep it super natural law

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  • #718,856
  • Jan 6, 2023 10:59am Jan 6, 2023 10:59am
I'll wait to close the candle H1, maybe i'll sell and the target will be the MA200 - M1.

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Together we can be strongest
Vantage Return This Month: -97.0%
  • #718,857
  • Jan 6, 2023 11:00am Jan 6, 2023 11:00am
Quoting FulMargnAlch
{quote} Thank you very much for this elaboration. I am looking forward to hear more from you about this kind of topic. Keep sharing.
You’re welcome! There is a book by Tom Hougaard called The Best Loser Wins which is just outstanding when it comes to trader mindset. He makes a tonne of great points about how to avoid thinking like the 99% of losing traders. Having some kind of edge is necessary but not enough, you have to be a good loser and not allow fear and cognitive dissonance to mess with your head when you are in a losing trade. Easier said than done but his book deals with the subject really well if it is something that interests you.
  • #718,858
  • Jan 6, 2023 11:01am Jan 6, 2023 11:01am
...worth coming back to the desk - to catch the upside follow-thru on the last but one 1hr candle close - the big 1hr bullish-thrust (always a hi-probability,) after the pullback and bounce off a prev 1hr sw hi zone = prev res = pot rbs...price @ current dly hi is just @ bottom of 4hr part of that prev 1hr/4hr/minor dly sw hi zone that extends up to to 2087/wed's hi, = prev res = pot res. A couple of upside fibs and the wkly pivot in that zone.

1hr below
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Trader with an Edge.
  • #718,859
  • Jan 6, 2023 11:01am Jan 6, 2023 11:01am
This weeks resistance level next 12085-12090. If cracked then we’re back to mid 121 areas that PC and Suhaas mentioned earlier
Insane in the Brain..
  • #718,860
  • Edited 11:19am Jan 6, 2023 11:09am | Edited 11:19am
if it breaks through the resistance, I will close my position.

sorry for the eur/usd post.
but maybe it helps to analyze gbp/usd.
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