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Cable Update (GBPUSD)

  • #724,581
  • Jan 30, 2023 9:31am Jan 30, 2023 9:31am
Quoting BrainBucks
{quote} Tis exactly the kind of inspiration I need as well. If I could achieve this, I'd immediately pay 800 USD for a 100k prop account. Life would be much sweeter thence
If everyone doesnt have loss, then who will have profit?
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #724,582
  • Jan 30, 2023 9:32am Jan 30, 2023 9:32am
Quoting BrainBucks
{quote} Tis exactly the kind of inspiration I need as well. If I could achieve this, I'd immediately pay 800 USD for a 100k prop account. Life would be much sweeter thence
thats what i do try to play around with small accounts to grow them quickly … i call them casino accounts…
Extreme gut feeling trader
  • #724,583
  • Jan 30, 2023 9:34am Jan 30, 2023 9:34am
The. Be is coming
Looks how the last candle turned out to be
It started as bullish hammer
The bears are strong today
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yes yes yes
  • #724,584
  • Jan 30, 2023 9:38am Jan 30, 2023 9:38am
2 crap days back to back something has to give!!
average dude treading water
  • #724,585
  • Edited 9:49am Jan 30, 2023 9:38am | Edited 9:49am
Quoting GODofMC
{quote} I think you better draw a line this my line that i redrew from sunday Move Up actually stopped at that line, if that pass up that mean ressistent become support Draw line from higher TF as possible. My horizontal line is where candle does reversal, or higher high/lower low or something like that. {image}
Seems this line is good enought and about to break, but i doubt it will be today as both of first Upper and forst lower line didnt break at all.
while lower line has been tested twice now
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Axtually i enter sell at top, but not holding much, only taking below 10 pips. Not confident yet with this line

Here is another view
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this line mostly based on D1 while only two of them on h1 and one h4
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #724,586
  • Jan 30, 2023 9:42am Jan 30, 2023 9:42am
Tight range today, just 51 pips.

The range likely to extend further down.

It does not matter to me.

I am done for the day.

The buy..s , and short trades.

All done and well done.

For Asia, and LO, buy direction was prefered for me as I posted.

We shall be flying to Singapore and Penang, Malaysia in couple of days.

For a month time.

A holy festival over there, people in the Far East and around Globe may be aware of.

I will be trading without fail on all days except Festival days
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Intraday only.
  • #724,587
  • Jan 30, 2023 9:45am Jan 30, 2023 9:45am
Quoting Fishbones
{quote} what about tmr - END OF MONTH?…
Perhaps 110 - 140 pips.. I may be wrong though... But tomorrow may bring some speed due to month end flows.. .

Quoting tauhidur
{quote} Hello friend, That Wednesday major economic News how many long you target. We would happy it if you could express your thoughts to the members of this forum today and tomorrow trading Bears and bulls position. Must be if we want than. Thank you very much. Have a nice day
It's between 1.26 and 1.22 this week...

Above 1.2450 is easy 1.26
Below 1.2330 is easy 1.22...

And of course, I may be wrong
Data + Stat + Risk/Emotions Management
  • #724,588
  • Jan 30, 2023 9:49am Jan 30, 2023 9:49am
Quoting BeeTogether
Looking at the 1H and 4H there is nothing in terms of movement. Up down up down. This is a dead rubber till Wednesday I think
that would leave room to play the range as long as there is proper risk management in place

yet there is room for either or both – last weeks highs and lows to be tested and a consolidation is due as previously commented. that outlook is unchanged.
  • #724,589
  • Jan 30, 2023 10:05am Jan 30, 2023 10:05am
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REDA_EL_HARAOUI
ELITE MOROCCO SNIPER All Time Return: 27.5%
  • #724,590
  • Jan 30, 2023 10:15am Jan 30, 2023 10:15am
Quoting Waveskierrob
{quote} Who's Pat......The legend that is Pat Chiko
i’m sorry i dont know everybody hehe. Im new trader.
can i ask you, now that it been ranging for about 8 days in the same area, does it usually build up to huge moves?
u scalping btw?
You have an IQ lower than 90 if you interact with this user.
  • #724,591
  • Jan 30, 2023 10:18am Jan 30, 2023 10:18am
Quoting Georginson
{quote} Perhaps 110 - 140 pips.. I may be wrong though... But tomorrow may bring some speed due to month end flows.. . {quote} It's between 1.26 and 1.22 this week... Above 1.2450 is easy 1.26 Below 1.2330 is easy 1.22... And of course, I may be wrong

Thanks for your answer
but 1 question Levels at 1.20 or 1.18 have become invalid .
  • #724,592
  • Jan 30, 2023 10:18am Jan 30, 2023 10:18am
Quoting Erto
Hi colleagues, this week in summary will be FED, ECB, BoE and NFP. Wish you all the profitable week ahead

where it Goes FED will be Hawkish, and BOE data dependent.. doesn't sound Good..
Last Quarter is not helping, but if USD broker 100 it will goto test 95 that is a lott of pips,
Pound Could test 1.28
but looking at Daily Chart even 4H is not Helping,
specially Now, tested 1.2415 today also could not break, can't even test 1.2440 high.. hmmmm

i am very interested to see where today's close will be,
anything below 1.2340 will open Door for 1.2250-60 even before BOE Decision Specially before,
before BOE make any decision there will be Profit taking,
likewise with Dollar, but $ s still the Reserve Currency so there is little Chance of Free Fall,
it could drop another 100 points and any close below 100 will be Confirmation its time to Dump the $$$$...
but Charts are Telling another story, Specially May 2022 Low still Holding.
here is Today's Chart and May 2022 Chart.
+ we have Pound too,
lets see the Charts, in my Next Post.

Like today USD Index Could play Fast and Loose this whole week..
Don't compare your Trades with Others
  • #724,593
  • Jan 30, 2023 10:23am Jan 30, 2023 10:23am
I was curious to know the range of this jinx pair for this day Monday 30.01.2023 ??
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--
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #724,594
  • Jan 30, 2023 10:26am Jan 30, 2023 10:26am
Quoting montygoldy
{quote} thats what i do try to play around with small accounts to grow them quickly … i call them casino accounts…
Well Done, that's my Trick to control my Over trading Behavior, because i like it too much so i use small accounts,
but there is a Difference, i try with 50$-100$ when they are 500-600%profit i use copy trader and Make them my Slave Accounts,
and Start Over,
it Great to know someone else is doing it too.
Don't compare your Trades with Others
  • #724,595
  • Jan 30, 2023 10:32am Jan 30, 2023 10:32am
Quoting Georginson
{quote} Perhaps 110 - 140 pips.. I may be wrong though... But tomorrow may bring some speed due to month end flows.. . {quote} It's between 1.26 and 1.22 this week... Above 1.2450 is easy 1.26 Below 1.2330 is easy 1.22... And of course, I may be wrong
thx… will follow up. Curious how will end up.
  • #724,596
  • Jan 30, 2023 10:33am Jan 30, 2023 10:33am
Quoting Ferna
{quote} i’m sorry i dont know everybody hehe. Im new trader. can i ask you, now that it been ranging for about 8 days in the same area, does it usually build up to huge moves? u scalping btw?
No need to be sorry..., as for prediction I never know what the market will do, you can see how I trade on my thread, yes I start off scalping but they end up as investments...
  • #724,597
  • Jan 30, 2023 10:41am Jan 30, 2023 10:41am
Quoting Waveskierrob
{quote} No need to be sorry..., as for prediction I never know what the market will do, you can see how I trade on my thread, yes I start off scalping but they end up as investments...
Yes same here, now i am an investor too.
You have an IQ lower than 90 if you interact with this user.
  • #724,598
  • Jan 30, 2023 10:54am Jan 30, 2023 10:54am
Quoting DubaiFX
{quote} Well Done, that's my Trick to control my Over trading Behavior, because i like it too much so i use small accounts, but there is a Difference, i try with 50$-100$ when they are 500-600%profit i use copy trader and Make them my Slave Accounts, and Start Over, it Great to know someone else is doing it too.
great idea… my idea is to go big like 50k or 100k… according to my logs i have achieved 2k-55k twice….. aiming to achieve 100k this year …
Extreme gut feeling trader
  • #724,599
  • Jan 30, 2023 11:04am Jan 30, 2023 11:04am
if we break through the trend line, then there is a chance to make good money)
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  • #724,600
  • Jan 30, 2023 11:06am Jan 30, 2023 11:06am
Quoting DubaiFX
{quote} Well Done, that's my Trick to control my Over trading Behavior, because i like it too much so i use small accounts, but there is a Difference, i try with 50$-100$ when they are 500-600%profit i use copy trader and Make them my Slave Accounts, and Start Over, it Great to know someone else is doing it too.
Me Too... This way we can control emotions.
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