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Cable Update (GBPUSD)

  • #726,801
  • Feb 7, 2023 7:33am Feb 7, 2023 7:33am
Quoting MrFanciful
The pounds just going to zero isn't it?
just towards, but also back up again. All a matter of scale…
  • #726,802
  • Feb 7, 2023 7:34am Feb 7, 2023 7:34am
I'm gonna sell it until FED Powell speaks
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I'm enjoying the wins because I was once terrified by loses
  • #726,803
  • Feb 7, 2023 7:35am Feb 7, 2023 7:35am
Quoting 2046
{quote} oh dear! :|
As I've said plenty of times before. I'm the best indicator you guys have.
  • #726,804
  • Feb 7, 2023 7:35am Feb 7, 2023 7:35am
Quoting MrFanciful
Aaaaannnnnnddddd I just surpassed £9000 of losses in 18 months.
Feel for you buddy, but you need to stop and assess why you are losing...
  • #726,805
  • Feb 7, 2023 7:40am Feb 7, 2023 7:40am
good luck!
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  • #726,806
  • Feb 7, 2023 7:41am Feb 7, 2023 7:41am
Quoting Waveskierrob
{quote} Feel for you buddy, but you need to stop and assess why you are losing...
I have done a lot of that. It basically comes down to, no matter what I do it's wrong.
  • #726,807
  • Feb 7, 2023 7:43am Feb 7, 2023 7:43am
Quoting Pat Chiko
{quote} GU Partial TP 1 Was able to manage my unsuccessful trades by using the averaging up technique. Added to my position late last night and then took partial profits and closed out underperforming trades before the London market opened. Some trades are still ongoing and will keep monitoring them. Once in a profitable position, will try exit any weak trades to safeguard my capital. Some element of luck does help in executing those trades.{image}
GU

Waiting for short set up.
Usually will come late just before or after LC
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #726,808
  • Feb 7, 2023 7:44am Feb 7, 2023 7:44am
Quoting MrFanciful
Aaaaannnnnnddddd I just surpassed £9000 of losses in 18 months.
I can totally relate mate, I was there few years back.
and the money which i lost was not even my money, so the losses did hit hard.
but moving on to higher timeframe and taking 1 or 2 trades max per day with pre determined stoploss helped me lot.
find a stratigy that sutes your personality , and try to keep it simple.
regards mate.
  • #726,809
  • Feb 7, 2023 7:46am Feb 7, 2023 7:46am
Quoting pipcenturion
{quote} I am thinking 1.89194 will be a better level to buy from.
I will sell around 1.9043

Target 1.892X
  • #726,810
  • Feb 7, 2023 7:47am Feb 7, 2023 7:47am
Quoting pipfarm
Longer term , gbpusd is bullish, if we look at the daily, the larger degree swing broke the structure of the downtrend, whenever there is a change in structure there is always a retest or pullback to the last higher low swing of the same degree. The daily price action we saw prior to the current move down was part of an abc expanding flat leg B so C is now in play and would expect at some point to test 1750 area and then after possible a huge impulse wave to the upside maybe even 1.35
I agree totally, the medium term destination is 1.31 - 1.35.
Data + Stat + Risk/Emotions Management
  • #726,811
  • Feb 7, 2023 7:48am Feb 7, 2023 7:48am
Quoting MrFanciful
Aaaaannnnnnddddd I just surpassed £9000 of losses in 18 months.
join the club mate although mine is a lot more in 3 years.
Insane in the Brain..
  • #726,812
  • Feb 7, 2023 7:52am Feb 7, 2023 7:52am
Quoting Pat Chiko
{quote} GU Waiting for short set up. Usually will come late just before or after LC {image}{image}
GU

or......
somethin ' like this

I wait
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #726,813
  • Feb 7, 2023 7:53am Feb 7, 2023 7:53am
Quoting Pat Chiko
{quote} GU Waiting for short set up. Usually will come late just before or after LC {image}{image}
mind FED speech Powell though
  • #726,814
  • Feb 7, 2023 7:53am Feb 7, 2023 7:53am
Quoting W0lfram
{quote} 2/3 longs failed y'day. Seems like it's sliding towards my initial long-awaited targets, finally lowest shorts above the water now {quote} cathing knives somewhere there... {quote} ...mnthly ATR(14) low ~1.181 Funny EU observation: Jan 5, lotRatio 73% long, (ff users starting to short) - bottom Feb 3, lotRatio 13% long - top Source: FF daily sentiment{image}
W0lfram, not fair, not fair at all, buddy. Why didn't you give us a warning that you are a highly accomplished programmer, so we wouldn't make a$$es of ourselves arguing with you? Yes, I finally google "W0lfram Mathematica" and got you "unmasked" Great career and unreal modesty. I salute you.
Always trade your own plan...I don't provide trading signals.
  • #726,815
  • Feb 7, 2023 7:53am Feb 7, 2023 7:53am
Quoting gjgriff1960
{quote} I agree the impulse wave to 1.35 is coming but not until we hit a low closer to 1.10 or lower. I believe the annual range for 2023 will be at least 2000 pips. I don't know who posted this chart back in December but I think it is on target. {image}
Daily

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Follow The Markets Structure - Patience and Discipline
  • #726,816
  • Feb 7, 2023 7:55am Feb 7, 2023 7:55am
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To free Gazans of Hamas, use whatever it takes.
  • #726,817
  • Feb 7, 2023 8:09am Feb 7, 2023 8:09am
Quoting MrFanciful
{quote} As I've said plenty of times before. I'm the best indicator you guys have.
as you experienced, there are many reasons to lose money. those are almost entirely independent of the call you make for your trades.

thorough testing, strategy, discipline, Risk management including position size, risk/reward (SL vs TP), exposure, news.

great if you can afford to lose, and don't mind, yet if you take it and yourself serious you could consider to draw conclusions...

all the best.
  • #726,818
  • Feb 7, 2023 8:12am Feb 7, 2023 8:12am
Quoting catch22
{quote} how did you hedge?
going both long and short at the same time.
You have an IQ lower than 90 if you interact with this user.
  • #726,819
  • Feb 7, 2023 8:13am Feb 7, 2023 8:13am
Quoting 2046
{quote} mind FED speech Powell though
I share your anticipation and am fascinated by the discussions among elite traders regarding the future of GU.
Can you provide any predictions or probabilities for the next few hours?
If there is a strong signal, I would consider following it.

Thanks
PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #726,820
  • Feb 7, 2023 8:13am Feb 7, 2023 8:13am
We can still push lower , GBPJPY SHORT.
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