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Cable Update (GBPUSD)

  • #719,301
  • Jan 9, 2023 6:45am Jan 9, 2023 6:45am
GU

Set up revision.
Another round of LQ sweep above, to the Compression origin

Wait for NYO
Attached Image (click to enlarge)
Click to Enlarge Name: gu 204.jpg Size: 174 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #719,302
  • Jan 9, 2023 6:48am Jan 9, 2023 6:48am
price will have to retest weekly open at some point

but with CPI coming, a big move one way is on the way
COT: The precious data ignored
  • #719,303
  • Jan 9, 2023 6:51am Jan 9, 2023 6:51am
Quoting SilentFather
{quote} Having a trend does not mean price will not go other way for a while. I can even see a gap. I'm not saying they will fill it today or this week, but retracement is needed. Retail is heavily SHORT. They will push price down so they think "Oh I'm right!" and then reverses. This must be done first. {image}
Remember we have china reopening today and thus dollar will weaken against major currencies.
I'm enjoying the wins because I was once terrified by loses
  • #719,304
  • Jan 9, 2023 6:53am Jan 9, 2023 6:53am
Quoting cchin
Back from my long holiday. Let's see how are the trades doing. Cable. I left it over the new year. So, just added a few short trades as it went up from 1.188888. USDJPY. Entered short on non-farm. Still holding it. Entered another short just now. Target 129. GBPJPY. Entered a short just right now. Target 155. {image} {image} {image}
Same Here...
  • #719,305
  • Jan 9, 2023 6:55am Jan 9, 2023 6:55am
Quoting Pat Chiko
GU Set up revision. Another round of LQ sweep above, to the Compression origin Wait for NYO{image}
GU

Monday is full of LQ sweep.
Waiting for NYO.
Need to see some spikes for LQ sweep.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 205.jpg Size: 147 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #719,306
  • Jan 9, 2023 6:57am Jan 9, 2023 6:57am
What did I tell you? Should have shorted. Would have go yourselves a quick 10pip scalp.
  • #719,307
  • Jan 9, 2023 6:58am Jan 9, 2023 6:58am
Quoting Pat Chiko
GU Set up revision. Another round of LQ sweep above, to the Compression origin Wait for NYO{image}
Need to learn some terminologies (LQ, CP region and others) to understand your chart.
  • #719,308
  • Jan 9, 2023 6:59am Jan 9, 2023 6:59am
Quoting Indigo45
{quote} Need to learn some terminologies (LQ, and others) to understand your chart.
LQ = Liquidity
  • #719,309
  • Jan 9, 2023 7:01am Jan 9, 2023 7:01am
Quoting MrFanciful
{quote} LQ = Liquidity
Thanks a lot dear...Regards
  • #719,310
  • Jan 9, 2023 7:03am Jan 9, 2023 7:03am
Quoting MrFanciful
So far 20% lost...again.
You are so over leveraged, should not be down 20% with such a small move, stop trying to go for the big win, small steady drip fills the pot, I'm saying this to help you not point fingers...
  • #719,311
  • Jan 9, 2023 7:03am Jan 9, 2023 7:03am
Quoting cchin
Back from my long holiday. Let's see how are the trades doing. Cable. I left it over the new year. So, just added a few short trades as it went up from 1.188888. USDJPY. Entered short on non-farm. Still holding it. Entered another short just now. Target 129. GBPJPY. Entered a short just right now. Target 155. {image} {image} {image}
interesting, uj short now, are you sure?
  • #719,312
  • Jan 9, 2023 7:07am Jan 9, 2023 7:07am
Quoting Waveskierrob
{quote} You are so over leveraged, should not be down 20% with such a small move, stop trying to go for the big win, small steady drip fills the pot, I'm saying this to help you not point fingers...
I have 10 pip TPs
  • #719,313
  • Jan 9, 2023 7:18am Jan 9, 2023 7:18am
Quoting MrFanciful
{quote} I have 10 pip TPs
Makes no difference what your TPs are, it's your bank to lot size that matters, how do you think your trading would change if you had a $100,000 bank trading $1 per pip...something to think about
  • #719,314
  • Jan 9, 2023 7:23am Jan 9, 2023 7:23am
I'm holding longs, I doubt if this market will short anytime soon? I will hold for the whole week to next week
Attached Image (click to enlarge)
Click to Enlarge Name: 1673269476022.png Size: 22 KB
I'm enjoying the wins because I was once terrified by loses
  • #719,315
  • Jan 9, 2023 7:24am Jan 9, 2023 7:24am
Quoting Waveskierrob
{quote} Makes no difference what your TPs are, it's your bank to lot size that matters, how do you think your trading would change if you had a $100,000 bank trading $1 per pip...something to think about
Kept explaining that
No one seems to understand

People have been brainwashed to think forex is a get rich scheme business, by trading overleveraged

No wonder they all lose money
COT: The precious data ignored
  • #719,316
  • Jan 9, 2023 7:27am Jan 9, 2023 7:27am
Quoting Waveskierrob
{quote} Makes no difference what your TPs are, it's your bank to lot size that matters, how do you think your trading would change if you had a $100,000 bank trading $1 per pip...something to think about
I could see myself being incredibly reckless if my TP for a trade was just 0.01% of my balance.
  • #719,317
  • Jan 9, 2023 7:30am Jan 9, 2023 7:30am
Quoting Erto
I'm holding longs, I doubt if this market will short anytime soon? I will hold for the whole week to next week {image}
im with you on that. Have kept some SL’s at b/e now as this could be a decent rise up will employ a sliding SL
Insane in the Brain..
  • #719,318
  • Jan 9, 2023 7:32am Jan 9, 2023 7:32am
Quoting MrFanciful
{quote} I could see myself being incredibly reckless if my TP for a trade was just 0.01% of my balance.
Then you need to exercise patience, as kuroro says forex is not a get rich scheme, need to build up bank over many years
  • #719,319
  • Jan 9, 2023 7:36am Jan 9, 2023 7:36am
Quoting eyefeelsix
just anticipate, an uncontrolled increase will be rewarded by a crash decline as well --- soon or later {image}
test short atm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 26 KB
https://breakpullback.com
  • #719,320
  • Jan 9, 2023 7:38am Jan 9, 2023 7:38am
Quoting Waveskierrob
{quote} Then you need to exercise patience, as kuroro says forex is not a get rich scheme, need to build up bank over many years
if it was I’d be richer than Del Boy and Rodney
Insane in the Brain..
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