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Cable Update (GBPUSD)

  • #724,101
  • Jan 27, 2023 10:36am Jan 27, 2023 10:36am
Quoting Gonzzo
Bears take the lead))
Bro ,

cannot guessing just like that.
Everything must be substantiate with structure.

Bull or bear doesn't come out from anywhere and take over.
It must go with structure.

Buul or Bear must be in context with TF you're trading.
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Here is real time example.
I come from the future.
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  • #724,102
  • Jan 27, 2023 10:40am Jan 27, 2023 10:40am
Moty hope you recovered some of that long trade mate
Insane in the Brain..
  • #724,103
  • Jan 27, 2023 10:42am Jan 27, 2023 10:42am
Quoting Wavegarrick
{quote} The game continues. I treat every pullback as a buy opportunity. Gu has cleverly sneaked in with a daily close just below 1.24000 for many days now. Could we have a weekly close above 1.24000?? We shall see. {image}
Expanding triangle or megaphone, whatever you call it. Stick with your system and believe in it. Do not ever be dissuaded by your fellow traders here. We are in a greater up move and markets do not swing in a whim. It takes weeks of lower highs and lows and so forth to realize a massive short swing. I am always comfortable with my buy trades because I know that we have been in a 5 month upswing and any reasonable retrace can be seen as a buy opportunity. Month end moves can be volatile. It is your choice to trade it. A rule of thumb, trade in the general direction of the longer time frame direction if you wish to enter a trade towards month end or any other day. Heed this and you will be successful. Scalper or medium to long term trader. I have been accused of chart fixing, photo shopping ( how does that work by the way?) I have no clue, needless to say I don't have the time or day for that, because I own and run an extremely busy enterprise. A simple rule for me is to wait for a retrace towards my daily pivot and mostly a round number for an overshoot. As we all know, markets are manipulated and pullbacks can even run to the 68.1% fib retrace of the previous high to low. These are areas I look for entries. I have posted in this thread since January 2018 non stop. It is 4 years later. I am considering my options. I honestly think that my time could be better spent elsewhere. We shall see.
Take care.
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Trade to trade another day
  • #724,104
  • Jan 27, 2023 10:44am Jan 27, 2023 10:44am
Quoting BeeTogether
Moty hope you recovered some of that long trade mate
His challenge would have been margin to cover the trade with the spike down.
  • #724,105
  • Jan 27, 2023 10:44am Jan 27, 2023 10:44am
End of this week trading. Have a great weekend all.
  • #724,106
  • Jan 27, 2023 10:45am Jan 27, 2023 10:45am
1.24300 is the ideal TP i guess
  • #724,107
  • Jan 27, 2023 10:45am Jan 27, 2023 10:45am
Quoting Pat Chiko
{quote} Bro , cannot guessing just like that. Everything must be substantiate with structure. Bull or bear doesn't come out from anywhere and take over. It must go with structure. Buul or Bear must be in context with TF you're trading. {image} Here is real time example.
Thanks brother... this analyses clears most of the concepts. Bravo... You are doing tremendous job for newbies. Regards.
  • #724,108
  • Jan 27, 2023 10:49am Jan 27, 2023 10:49am
Now go down
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yes yes yes
  • #724,109
  • Jan 27, 2023 10:49am Jan 27, 2023 10:49am
add sell - 1.2388
Together we can be strongest
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  • #724,110
  • Jan 27, 2023 10:51am Jan 27, 2023 10:51am
Quoting Erto
{quote}FOMO is costing people
Yup, me too still have great FOMO especially my last year (2022) my losses exceed my imagination. usually i got 100% in one weeks then next week MCed and that repeat all the time, lost all my savings and my child savings ( because my mind telling me to recover All my lossess on 2021 and under ).
Lucky got unexpected fortune at late december 2022 and start trading again at 5 Jan 2023, with only one thing in mind "I dont need to recover what i lost, i dont need to be rich, i only need $10 per day" Thats save me much. with help of chart that people posted here and ANALyze their trading style, learning how market react with data release (like why green number is not always good, or sometimes green number is lagging).

As for 2023 my account can stand more than 2-3 weeks, i think i make a small progress now.
if my hand got itchy im opening small lot to try some setup or just merely guesses.
Still FOMO is always there, but hey i got lot of work now at office so i can't looking at chart more like i did before.

Phew... Look like i make some shit story
10000% Wannabe . -$3000 & -$4000
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  • #724,111
  • Jan 27, 2023 10:53am Jan 27, 2023 10:53am
Quoting noox
{quote} I understand. But you didn't miss my simple question: "What do you mean by net volume?" You replied many times with a question. And not just in this conversation but in the many months I've been reading this thread, I'm yet to see you post anything that would explain anything about your theory. So do understand that people are not going to blindly believe you or your method just because you throw magic numbers up. This thread however is a great place for everyone to develop and perfect their method, including the possibility that...
It is the buy - sell differential for that period.
  • #724,112
  • Jan 27, 2023 10:56am Jan 27, 2023 10:56am
Quoting Wavegarrick
{quote} Expanding triangle or megaphone, whatever you call it. Stick with your system and believe in it. Do not ever be dissuaded by your fellow traders here. We are in a greater up move and markets do not swing in a whim. It takes weeks of lower highs and lows and so forth to realize a massive short swing. I am always comfortable with my buy trades because I know that we have been in a 5 month upswing and any reasonable retrace can be seen as a buy opportunity. Month end moves can be volatile. It is your choice to trade it. A rule of thumb, trade...
wow interesting
I'm enjoying the wins because I was once terrified by loses
  • #724,113
  • Edited 11:12am Jan 27, 2023 10:59am | Edited 11:12am
Russian mouth in the future full of golden teeth
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  • #724,114
  • Jan 27, 2023 11:04am Jan 27, 2023 11:04am
slow and sleepy.
  • #724,115
  • Jan 27, 2023 11:04am Jan 27, 2023 11:04am
Quoting W0lfram
Let's wait for London session close, but if asia and london bearish, ny also bearish{image} edit: for fridays
So London session is 1 pip bullish
Air force
  • #724,116
  • Jan 27, 2023 11:04am Jan 27, 2023 11:04am
Quoting Wavegarrick
{quote} Expanding triangle or megaphone, whatever you call it. Stick with your system and believe in it. Do not ever be dissuaded by your fellow traders here. We are in a greater up move and markets do not swing in a whim. It takes weeks of lower highs and lows and so forth to realize a massive short swing. I am always comfortable with my buy trades because I know that we have been in a 5 month upswing and any reasonable retrace can be seen as a buy opportunity. Month end moves can be volatile. It is your choice to trade it. A rule of thumb, trade...
I believe you are correct, for longer term traders like yourself buy is the direction, DXY is headed down to take out the daily swing low at 101.30

after that I believe it may be time to switch bias to short but it may just be a correction in a longer term bull trend for GBPUSD

on Monday i'll be looking for buys below 1.2345, scalpers can sell intraday til then, above 1.2420. We've formed a nice rectangle with liquidity resting either side
  • #724,117
  • Jan 27, 2023 11:07am Jan 27, 2023 11:07am
Quoting Wavegarrick
{quote} Expanding triangle or megaphone, whatever you call it. Stick with your system and believe in it. Do not ever be dissuaded by your fellow traders here. We are in a greater up move and markets do not swing in a whim. It takes weeks of lower highs and lows and so forth to realize a massive short swing. I am always comfortable with my buy trades because I know that we have been in a 5 month upswing and any reasonable retrace can be seen as a buy opportunity. Month end moves can be volatile. It is your choice to trade it. A rule of thumb, trade...
you say everything correctly, but as for me at the moment, I think a deeper rollback is possible, I could be wrong
  • #724,118
  • Jan 27, 2023 11:08am Jan 27, 2023 11:08am
Quoting Wavegarrick
{quote} {image} {image}
I cant stand that hundred or maybe it is thousand pips ++
Always amazed how you can hold that all.
This is the truest INVESTMENT i've ever seen in forex to this day!!
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #724,119
  • Edited 11:58am Jan 27, 2023 11:26am | Edited 11:58am
Quoting Moty
Now go down {image}
btw usually when ldn closes trend continues... still trading yesterdays range...
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btw happy birthday aquavite let's not drown dantes inferno... cheers...
  • #724,120
  • Jan 27, 2023 11:47am Jan 27, 2023 11:47am
Quoting Pat Chiko
GU Gimme one final spike for LC.{image}
GU

Partial TP.
Need one more spike to end the week.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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