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Cable Update (GBPUSD)

  • #736,121
  • Mar 15, 2023 3:23am Mar 15, 2023 3:23am
Quoting AlfieSolomon
To all those people who are here to copy signals from the red badge members, just dont blindly follow them if they say I think it will fall 100 pips or it will rise 200 pips , because I have observed that when they say its gonna fall hard price still goes 100 pips against them and they can stand that much drawdown but you can't ,as you don't have risk management because you are following them blindly and they can still be in profits because they are good risk managers .
Lol sadly it usually takes a severe burn or two to experience the very depth of heartbreak that unearths this time-tested reality that you've just brilliantly articulated.
We learn by either experience or wisdom. In the FX markets, the best lessons come from bitter, bitter experience.
  • #736,122
  • Mar 15, 2023 3:24am Mar 15, 2023 3:24am
Quoting ScalaFX
{quote} You are right, those people are not magicans or guru, always trade your plan
the problem is, most of them have a plan only to win lol
https://breakpullback.com
  • #736,123
  • Mar 15, 2023 3:28am Mar 15, 2023 3:28am
Quoting Robinhood1
Accurate MA squaring. Should not hold. I may be wrong {image}
Holding MA so long 1.2154. Rising freely after ranging whenever that is
POSTMASTER
  • #736,124
  • Mar 15, 2023 3:29am Mar 15, 2023 3:29am
Quoting MrFanciful
is it just going to do this for the next 4 hours?
No only until it lulls people to sleep, then it will pop, entice people to trade and range again!
  • #736,125
  • Mar 15, 2023 3:34am Mar 15, 2023 3:34am
if its going to be bear please be a big bear..
im tired of of this ranging..
  • #736,126
  • Mar 15, 2023 3:37am Mar 15, 2023 3:37am
Quoting silverjazz
if its going to be bear please be a big bear.. im tired of of this ranging..
I hate shocks too, a lot!
But there's nothing we can do about it, that's the trade.
Just follow the trend.
  • #736,127
  • Mar 15, 2023 3:38am Mar 15, 2023 3:38am
Waiting to Close 4H below 1.2154
Attached Image (click to enlarge)
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  • #736,128
  • Mar 15, 2023 3:39am Mar 15, 2023 3:39am
Quoting dantpm
{quote} No only until it lulls people to sleep, then it will pop, entice people to trade and range again!
Wish it would give a hint
  • #736,129
  • Mar 15, 2023 3:40am Mar 15, 2023 3:40am
Quoting Robinhood1
Bitcoin Support around 21600 Target around 28300 I may be wrong
Bitcoin takes about 2 days to copy cable so long without target when reaching MA. It could still move up but in any case believe needs to hit MA which is dynamic, 612 at 1 hora tf which is the number of the "beast" 9. Good thing opposite of belief.

I may be wrong.

Attached Image (click to enlarge)
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POSTMASTER
  • #736,130
  • Mar 15, 2023 3:45am Mar 15, 2023 3:45am
Quoting eyefeelsix
{quote} the problem is, most of them have a plan only to win lol
I have this plan every single day, week and month. Everybody who want make money from this must have a plan to win. Otherwise you are just worm on a fishing rod
People don't plan to lose. They lose because they don't plan.
  • #736,131
  • Mar 15, 2023 3:59am Mar 15, 2023 3:59am
Quoting ScalaFX
{quote} I have this plan every single day, week and month. Everybody who want make money from this must have a plan to win. Otherwise you are just worm on a fishing rod
and what is your risk reward ratio average for overall? may I know
https://breakpullback.com
  • #736,132
  • Mar 15, 2023 3:59am Mar 15, 2023 3:59am
GU is ranging. Better to avoid taking any position till it shows momentum in one direction.
  • #736,133
  • Mar 15, 2023 4:02am Mar 15, 2023 4:02am
Quoting MrFanciful
Another day of annihilation for me by the looks of things
bro are you shorting ?
Insane in the Brain..
  • #736,134
  • Mar 15, 2023 4:05am Mar 15, 2023 4:05am
Quoting anandy1
GU is ranging. Better to avoid taking any position till it shows momentum in one direction.
03:26 hours from now.. the range will be behind us.

north or south? god knows.
  • #736,135
  • Mar 15, 2023 4:05am Mar 15, 2023 4:05am
Quoting ScalaFX
{quote} I have this plan every single day, week and month. Everybody who want make money from this must have a plan to win. Otherwise you are just worm on a fishing rod
In fact, I'm missing the plan. I'm trying to change it.
Just follow the trend.
  • #736,136
  • Mar 15, 2023 4:06am Mar 15, 2023 4:06am
Caution guys, the range was surprisingly minimal yesterday (70 pips) despite CPI News that used to move price by 150 - 250 pips.

Today there are plethora of important News on USD which I feel will spark Volatility that should have happened yesterday... There is a gap at 1.2031 yet to be closed and considering the News is forecasted to come out very Negative for USD, it has a strong chance of coming out positive Instead which may send the price crashing to 1.2000 area today.

Just in case of some surprises, below are some possible simulated scenarios for today...

1.2180/1.2205 minus 160 pips = 1.2030 area
1.2130/1.2115 plus 160 pips = 1.2280 area...

A good USD data may bring fore the closure of the Gap and trigger 1.2030 area... As always prepare for either directions and remember, money management is King to stay in business.

Please, no obligation to follow.

Cheers,
George.

Quoting OnlineAddict
I have this feeling we will see 19xx this week, even though we are hovering at 2150-2200 now...nothing to do with the chart or anything, just a hunch.
1.1965 is actually the average expected price for this week based on my weekend post... The only reason 1.1965 may not happen is if price touches 1.2300 between 17:00 London time today to Frankfurt open tomorrow.
Data + Stat + Risk/Emotions Management
  • #736,137
  • Mar 15, 2023 4:15am Mar 15, 2023 4:15am
eu is going down
Attached Image (click to enlarge)
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yes yes yes
  • #736,138
  • Mar 15, 2023 4:15am Mar 15, 2023 4:15am
my view

gbpusd
still above S
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Trendlines H1,H4, SMC
  • #736,139
  • Mar 15, 2023 4:18am Mar 15, 2023 4:18am
Quoting eyefeelsix
{quote} and what is your risk reward ratio average for overall? may I know
Im always searching for minimum 2:1 where 1 is SL, Im usually dont trade with stops. Everyone who is here some time knows my style including you😉
People don't plan to lose. They lose because they don't plan.
  • #736,140
  • Mar 15, 2023 4:19am Mar 15, 2023 4:19am
is it the cable character after the news the chart boost up then getting sideways afterwards?
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Olu