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Cable Update (GBPUSD)

  • #725,461
  • Feb 1, 2023 8:46pm Feb 1, 2023 8:46pm
Not sure if its a good idea but scalp short GU.

Will look to maybe buy when it retest 1.234
Exhausted
  • #725,462
  • Feb 1, 2023 10:47pm Feb 1, 2023 10:47pm
Quoting firsttimer
sell UJ.
continue to sell.
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  • #725,463
  • Feb 1, 2023 10:49pm Feb 1, 2023 10:49pm
Quoting KareemAliFx
{quote} ftmo challenge works like this. First challenge is the one I’m going through right now. I have 30 days to reach a profit target of $132,000 CAD without breaking the daily loss rule of $6000 and total loss rule of $12000. Once achieved I transition to verification phase where I have the same objectives but my profit target is slashed in half and I get an extra month to trade. After that I get the funded account which is a profit split of 80% at first. Once you can prove you consistently profit they will scale your account and give you 90%...
if possible update your experience ..
may it deserve separate thread..
each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #725,464
  • Edited 11:06pm Feb 1, 2023 10:56pm | Edited 11:06pm
divergence GU and DXY on daily.

DXY LL, GU not (yet) HH

im shorting 1.2394 with out SL right now.
maybe to around 1.2346 area
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  • #725,465
  • Feb 1, 2023 11:04pm Feb 1, 2023 11:04pm
Quoting Whale
divergence GU and DXY on daily. DXY LL, GU not (yet) im shorting 1.2394 with out SL right now. maybe to around 1.2346 area {image}
Time to fill the gaps?
Exhausted
  • #725,466
  • Feb 1, 2023 11:08pm Feb 1, 2023 11:08pm
Quoting Macd-rsi
{quote} if possible update your experience .. may it deserve separate thread..
I like to be really silent and low key about my background. Some guy on here last year accused me of being the “Canadian MVT” most valuable trader for 2019-2021. Maybe . Maybe not… still I have been thinking about starting a thread if enough is interested. We can share analysis there and make pips .
Master your mind. Master Trading.
  • #725,467
  • Feb 1, 2023 11:15pm Feb 1, 2023 11:15pm
Quoting KareemAliFx
{quote} I like to be really silent and low key about my background. Some guy on here last year accused me of being the “Canadian MVT” most valuable trader for 2019-2021. Maybe . Maybe not… still I have been thinking about starting a thread if enough is interested. We can share analysis there and make pips .
Oh really I actually didn't get the sense about your preference for low-key.
In any case, perhaps more beneficial for like-minds if your analysis were shared.
I, too, wanna kickstart a prop account with E8 Funding.
I know scaling through those evaluations, and mastering the sustenance of a live funded account, can be a great game-changer for many a trader.
Bon chance!
  • #725,468
  • Feb 1, 2023 11:25pm Feb 1, 2023 11:25pm
Quoting Elysion
{quote} Time to fill the gaps?
Im tired of waiting, closing sell EU 3 pips, GU 6 pips
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #725,469
  • Feb 1, 2023 11:26pm Feb 1, 2023 11:26pm
Quoting BrainBucks
{quote} I really didn't get the sense about your preference for low-key. In any case, perhaps more beneficial for like-minds if your analysis were shared. I, too, wanna kickstart a prop account with E8 Funding. I know scaling through those evaluations, and mastering the sustenance of a live funded account, can be a great game-changer for many a trader. Bon chance!
In the end , trading is all a psychological game. It always has been and always will be. The only person you are fighting in the market is really yourself . If you overcome emotions and eliminate these during your trading, you will undoubtedly succeed. Taking proper risk management and removing all emotions when you analyze the market will give you the ultimate edge. When you transition from demo to live it will be hard for most to ease their mind and this will hinder their performance. Why? Well it’s not fake money anymore, it’s REAL. Now emotions have changed dramatically, now you’re worried about losing real money, you’re worried about your SL being hit, you’re staring at price action all day and hoping it reverses, all these awful things. This should never be overlooked. If you can master your mind , master your emotions, then trading is actually really quite simple from there. Good luck! I’m off to bed !
Master your mind. Master Trading.
  • #725,470
  • Feb 1, 2023 11:30pm Feb 1, 2023 11:30pm
Quoting GODofMC
{quote} Im tired of waiting, closing sell EU 3 pips, GU 6 pips
Need Frankfurt and London volume to push those two, currently in UJ trading.

Also crooked chart in M1, giving up looking at it. Moved to M5 and M15 for today. :/
Exhausted
  • #725,471
  • Feb 1, 2023 11:31pm Feb 1, 2023 11:31pm
Quoting Elysion
{quote} Time to fill the gaps?
I dont know..
IMO GU running on smart money concept (Wyckoff) pattern.

and we could be on the last rally that should or i may say could failed

we need to wait for Frunkfurt..we could get nice high to hunt
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  • #725,472
  • Feb 1, 2023 11:45pm Feb 1, 2023 11:45pm
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Attached File(s)
File Type: ex4 fvg.ex4   204 KB | 200 downloads
Attached File(s)
File Type: ex4 PriceActionDetector3.ex4   106 KB | 183 downloads
  • #725,473
  • Feb 2, 2023 12:00am Feb 2, 2023 12:00am
I'm going full short on gold. Not sure if GU is following.
Exhausted
  • #725,474
  • Feb 2, 2023 12:02am Feb 2, 2023 12:02am
Anyone kind expecting where BOE rate going today. Used all brain cell to focus on Fed.
Expecting 50bps while votes: 6(50bps) 1(25bps) 2(0bps)
Thus fall in GU by 50-70pips on BOE rate release and retracement then another 40-50pips fall on ECB release. In total we can easily get a 90pips fall.
But wont trade today, took a day off, as i'm preparing myself for NFP.

Not predicting, but i love to have a base scenario in my head so when actual deviates from my based scenario, it made me react quickly to close or to add, unfortunately I'm not that experienced trader so I never reverse, because it is not a planned trade. So I simply look for decent BO then N3 on RT in the opposite direction.
More time in the market, does not mean you trade better!
  • #725,475
  • Feb 2, 2023 12:49am Feb 2, 2023 12:49am
Quoting Whale
{quote} I dont know.. IMO GU running on smart money concept (Wyckoff) pattern. and we could be on the last rally that should or i may say could failed we need to wait for Frunkfurt..we could get nice high to hunt {image}
cable is in accumulation phase, i m expecting a mark up
chaos is just unknown order
  • #725,476
  • Feb 2, 2023 12:51am Feb 2, 2023 12:51am
Quoting Fardeen1209
Anyone kind expecting where BOE rate going today. Used all brain cell to focus on Fed. Expecting 50bps while votes: 6(50bps) 1(25bps) 2(0bps) Thus fall in GU by 50-70pips on BOE rate release and retracement then another 40-50pips fall on ECB release. In total we can easily get a 90pips fall. But wont trade today, took a day off, as i'm preparing myself for NFP. Not predicting, but i love to have a base scenario in my head so when actual deviates from my based scenario, it made me react quickly to close or to add, unfortunately I'm not that experienced...
so the rumour is 0.5 but it will be the last rise. No more after this month. If that is the case it’s should be a drop. I personally we might get an initial spike up if that is the case before dropping to below 12250 (area that is now untested since the move up nearly 16 days ago)
Insane in the Brain..
  • #725,477
  • Feb 2, 2023 12:54am Feb 2, 2023 12:54am
The assault on 1.2400 is taking more time than anticipated.
Yet then again, according to some brilliant analysis shared here during the upswing yesterday by @Georginson, the day after FOMC statistically brings a substantial reversal with it.
Might have to sit back and watch this one play out for a bit before pulling more triggers.
Good luck y'all!
  • #725,478
  • Feb 2, 2023 1:06am Feb 2, 2023 1:06am
Im expecting one last push to 1.2465 to hunt all the SL’s before the drop.

Same scenario in EU, rise to 1.1085 followed with a sharp drop
  • #725,479
  • Feb 2, 2023 1:20am Feb 2, 2023 1:20am
Quoting Fardeen1209
Anyone kind expecting where BOE rate going today. Used all brain cell to focus on Fed. Expecting 50bps while votes: 6(50bps) 1(25bps) 2(0bps) Thus fall in GU by 50-70pips on BOE rate release and retracement then another 40-50pips fall on ECB release. In total we can easily get a 90pips fall. But wont trade today, took a day off, as i'm preparing myself for NFP. Not predicting, but i love to have a base scenario in my head so when actual deviates from my based scenario, it made me react quickly to close or to add, unfortunately I'm not that experienced...
A very valid point. The data market is unpredictable, but you can plan ahead accordingly. When the event occurs, we can make a quick decision, which is beneficial for traders.
Just follow the trend.
  • #725,480
  • Feb 2, 2023 1:24am Feb 2, 2023 1:24am
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yes yes yes
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