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Cable Update (GBPUSD)

  • #735,581
  • Mar 10, 2023 3:48pm Mar 10, 2023 3:48pm
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  • #735,582
  • Mar 10, 2023 5:52pm Mar 10, 2023 5:52pm
Quoting Moty
from monday i am trading only the gu chart , the 5m and 1m chart and only what the chart says and what i think or hope it says {image} {image}
Moty sorry buddy but THINKING and HOPING is just not going to cut it.
  • #735,583
  • Mar 10, 2023 6:55pm Mar 10, 2023 6:55pm
Quoting Nala66
{quote} Moty sorry buddy but THINKING and HOPING is just not going to cut it.
Reading his post, I think he forgot to put the word “not” in there
Compulsions can be hard to resist
  • #735,584
  • Mar 10, 2023 8:04pm Mar 10, 2023 8:04pm
Quoting Moty
from monday i am trading only the gu chart , the 5m and 1m chart and only what the chart says and what i think or hope it says {image} {image}
Moty ，you have your own strategy and very good analysis. Sometimes I saw you already make profit but you didn't close your trade. When you miss it, it turns out to be loss. Besides, the position is quite big, maybe try consider small position. Anyway, best wishes to you.
  • #735,585
  • Mar 10, 2023 8:39pm Mar 10, 2023 8:39pm
Quoting trumps
{quote} Reading his post, I think he forgot to put the word “not” in there
as in “Not what I think or hope”
Compulsions can be hard to resist
  • #735,586
  • Mar 10, 2023 9:15pm Mar 10, 2023 9:15pm
Quoting trumps
USD bulls could be done {image}
Some supplementary weekend TL analysis
Attached Image (click to enlarge)
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Compulsions can be hard to resist
  • #735,587
  • Mar 10, 2023 9:43pm Mar 10, 2023 9:43pm
Quoting eyefeelsix
{quote} last shot before the market closes {image}
what a wonderful trade!
  • #735,588
  • Mar 10, 2023 9:46pm Mar 10, 2023 9:46pm
Quoting trumps
With that neat bear trick, we could be at a long term bottom here {image} {image}
Some market price memory
Attached Image(s) (click to enlarge)
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Compulsions can be hard to resist
  • #735,589
  • Mar 10, 2023 10:15pm Mar 10, 2023 10:15pm
Quoting Moty
from monday i am trading only the gu chart , the 5m and 1m chart and only what the chart says and what i think or hope it says {image} {image}
take it easy bro, every system will lose you money for time to time, and if not the system so the emotions
its just like that, we have to decide where or WHEN to let it go automatically by SL or Manually SL.

Im mainly trading according the DXY on major pairs.
Dxy took out old high and create a fresh pure annoying fractal (swing high), im using 3 candles of potential reversal, i fell into the emotional side and stay with my short even a clear break of the third candle of the fractal low. Chart attached.
Real fucked up BUT, it Happens!! And it will happen in the future.

my point is that you, me and other could fall into the emotional phase, period!
the problem with your trading style, to fall into the emotional side it can be after 10 minutes of London session and you can't react, because the floating loss is too big comparing to your account size or more.
im not going to talk about using SL or RISK Management, everyone have is style and it ok,therel is no single truth.

just think about how you stay in the game while you are in the emotional phase.

shabat shalom
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  • #735,590
  • Edited 11:02pm Mar 10, 2023 10:49pm | Edited 11:02pm
Now back to trading.. mid term view
price is strongly on the way to the last daily swing high around 1.227 or inside the interesting wick of this high.

so long setup on 1h or less is what i will wait for
It could be very low from here, the range is gigantic right now so Monday is a mystery
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  • #735,591
  • Mar 11, 2023 12:34am Mar 11, 2023 12:34am
checking pa higher tf , ok a correction up a little but likely in bigger bear still coming next . take care
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #735,592
  • Mar 11, 2023 12:38am Mar 11, 2023 12:38am
Quoting Bones
{image}
so try retest or as far possible for the last times to get more supply to back to demand zone .
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #735,593
  • Mar 11, 2023 12:46am Mar 11, 2023 12:46am
Quoting Jolita
{quote} Birdland is this you? You ok? Haven't seen anything like this you ever post.
yes, that's me, i always have fun with my wife on fridays and yesterday i was already looking deep into the glass;-)
trading is like dancing, don't think and just listen to the music!
  • #735,594
  • Mar 11, 2023 12:51am Mar 11, 2023 12:51am
Quoting fontu
checking pa higher tf , ok a correction up a little but likely in bigger bear still coming next . take care {image} {image} {image}
I think - at the moment - anything can happen:
if you look at the last monthly and weekly candle: they tell the whole story
Attached Image(s) (click to enlarge)
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  • #735,595
  • Mar 11, 2023 1:04am Mar 11, 2023 1:04am
Here is a good point to sell though it's also a turning point for trend...anything higher is even better sell until next month at least.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #735,596
  • Mar 11, 2023 1:30am Mar 11, 2023 1:30am
Quoting ChiForex
Here is a good point to sell though it's also a turning point for trend...anything higher is even better sell until next month at least.
Didn't you post on the 8th "prepare for a 300 pip drop" 🤔....just be careful what you post you don't know who is reading them...😉🙂
  • #735,597
  • Mar 11, 2023 1:38am Mar 11, 2023 1:38am
I see a move up above 121 not sure how much above though lol. Will check it on Monday
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Insane in the Brain..
  • #735,598
  • Mar 11, 2023 1:47am Mar 11, 2023 1:47am
Quoting BeeTogether
I see a move up above 121 not sure how much above though lol. Will check it on Monday {image}
speculation only
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  • #735,599
  • Mar 11, 2023 1:52am Mar 11, 2023 1:52am
I want to take back my 120 pips loss of last week, which necessitated this research work on GBPUSD.. I feel it may be useful to traders here. As always, no obligation to follow.

Last 10 Months first 13 trade days range
✓485 pips
✓595 pips
✓395 pips
✓918 pips*
✓570 pips*
✓387 pips
✓290 pips
✓421 pips
✓686 pips
✓480 pips
✓200 pips
✓437 pips

Most Repeated and expected: 395 - 480 pips

Simulations for 13 - 17th March
✓1.2113 - 395 pips = 1.1718
✓1.1801 + 395 pips = 1.2196

Expect either 1.2196 or 1.1718 next week...
Data + Stat + Risk/Emotions Management
  • #735,600
  • Mar 11, 2023 2:04am Mar 11, 2023 2:04am
Quoting birdland
{quote} yes, that's me, i always have fun with my wife on fridays and yesterday i was already looking deep into the glass;-)
Yeah, ok, thought so and why not. Love good glass of 🍷.
In my opinion hang on, price will return, market confused atm and return back to lows.
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