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Cable Update (GBPUSD)

  • #739,801
  • Apr 6, 2023 10:54pm Apr 6, 2023 10:54pm
Liquidity above this trending
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  • #739,802
  • Apr 6, 2023 10:58pm Apr 6, 2023 10:58pm
today will be quiet because all european banks have holidays;-)
trading is like dancing, don't think and just listen to the music!
  • #739,803
  • Apr 6, 2023 11:03pm Apr 6, 2023 11:03pm
It is strange that the market is closed and the US non-farm payrolls data is released as scheduled, why it is not postponed?
Just follow the trend.
  • #739,804
  • Apr 6, 2023 11:03pm Apr 6, 2023 11:03pm
Quoting birdland
today will be quiet because all european banks have holidays;-)
US market is open and it is NFP today, so it might pick up a bit.
  • #739,805
  • Apr 6, 2023 11:03pm Apr 6, 2023 11:03pm
Quoting birdland
today will be quiet because all european banks have holidays;-)
Probably, on nfp day.. yak.
Monday as well.

imo we will still go down, naturally. Watch the chart, confluences zone and equilibrium. We are down with it.
  • #739,806
  • Apr 6, 2023 11:11pm Apr 6, 2023 11:11pm
Quoting birdland
today will be quiet because all european banks have holidays;-)
Till USD data
People don't plan to lose. They lose because they don't plan.
  • #739,807
  • Apr 6, 2023 11:22pm Apr 6, 2023 11:22pm
Quoting Moty
i am leatal when i with low equity started the with 66 $ , finished with 110 $ almost 200 % profit {image}
as one that see your chart for years, you are usually gain profit when the market is ranging on 100-200 pips for few days to 2 weeks.
when it move you are most of the time losing.

I know why, i use to have the same problem back in the days, you are day trader, and you most of the time try to predict every move.. it down 40? You will go to the 10 pips correction to try to get everything out of the daily move.
when you down you will not think of let go and trade it from better price.

IMO, fucking impossible.. no trader in the world can do it. A lot think they could..
check out Atrade (your broker) advertisements.
the state force them to publish the stats of losers/winners precent on their platform.. check the numbers.
Thats because everyone think they can take 100$ and make it 1,000,000$ or the other smartass traders that think with 500-1000$ they can manage to gain 100-150$ on daily basis.

possible from time to time, most of the time the future is bright and well known for the Brokers.
  • #739,808
  • Apr 6, 2023 11:34pm Apr 6, 2023 11:34pm
Quoting Whale
{quote} as one that see your chart for years, you are usually gain profit when the market is ranging on 100-200 pips for few days to 2 weeks. when it move you are most of the time losing. I know why, i use to have the same problem back in the days, you are day trader, and you most of the time try to predict every move.. it down 40? You will go to the 10 pips correction to try to get everything out of the daily move. when you down you will not think of let go and trade it from better price. IMO, fucking impossible.. no trader in the world can do...
Profitability is what matters, not predicting every move. For me, personally, every month when I do my profit and loss I am profitable. Very profitable. I don't win all the trades, even though I try to. Hahaha... countless times for me $45 becomes $400 in a veeery good week. Some weeks $45 remains $45 all through the week. Once in a while $45 becomes $0 (this is very rare and cannot remember when last it happened). I am glad now that all my accounts are profitable and I am actually now taking money from my broker on a regular basis. There is hardly a week I do not make a good withdrawal.

But getting every trade correct? Almost impossible. I don't want to say completely impossible because I don't know what access and clearance people have.
  • #739,809
  • Apr 6, 2023 11:35pm Apr 6, 2023 11:35pm
Quoting ScalaFX
{quote} Till USD data
I think before.
From time to time there is unique days like today.
without big banks, gravity will speak.
  • #739,810
  • Apr 6, 2023 11:38pm Apr 6, 2023 11:38pm
Quoting Mitiblotch
{quote} Profitability is what matters, not predicting every move. For me, personally, every month when I do my profit and loss I am profitable. Very profitable. I don't win all the trades, even though I try to. Hahaha... countless times for me $45 becomes $400 in a veeery good week. Some weeks $45 remains $45 all through the week. Once in a while $45 becomes $0 (this is very rare and cannot remember when last it happened). I am glad now that all my accounts are profitable and I am actually now taking money from my broker on a regular basis. There...
im happy for you.
but i guess you get my point, this is a fact unfortunately, i wish it will be so easy to invest a bit and reward the max.
  • #739,811
  • Apr 6, 2023 11:45pm Apr 6, 2023 11:45pm
Quoting Mitiblotch
{quote} Profitability is what matters, not predicting every move. For me, personally, every month when I do my profit and loss I am profitable. Very profitable. I don't win all the trades, even though I try to. Hahaha... countless times for me $45 becomes $400 in a veeery good week. Some weeks $45 remains $45 all through the week. Once in a while $45 becomes $0 (this is very rare and cannot remember when last it happened). I am glad now that all my accounts are profitable and I am actually now taking money from my broker on a regular basis. There...
to be consistent withdrawl is a very great success d, congratulate
  • #739,812
  • Apr 6, 2023 11:46pm Apr 6, 2023 11:46pm
Quoting Whale
{quote} I think before. From time to time there is unique days like today. without big banks, gravity will speak.
I believe that the big banks probably placed their bets already for NFP. They probably had a pretty good idea of where the data is going, just like most of us! Now it's up to the computers.
  • #739,813
  • Apr 6, 2023 11:55pm Apr 6, 2023 11:55pm
Quoting Whale
{quote} im happy for you. but i guess you get my point, this is a fact unfortunately, i wish it will be so easy to invest a bit and reward the max.
True. Last week was one of those weeks for me where $44 (to be precise) remained $44 from Monday till Friday. I made profit, lost it, then entered a useless EU trade (and I rarely trade that pair) went into a loss, hedged it and kept averaging out until Friday where I closed out all trades with the same balance and equity of $44. Crazy! Was a wasted week. And it can happen from time to time.
  • #739,814
  • Apr 7, 2023 12:02am Apr 7, 2023 12:02am
See ya on the other side bye Dubai trading whilst in the air
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Insane in the Brain..
  • #739,815
  • Apr 7, 2023 12:04am Apr 7, 2023 12:04am
Everything happening in this triangle is called shenanigans.
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  • #739,816
  • Apr 7, 2023 12:05am Apr 7, 2023 12:05am
Quoting Reverso
Trade is now in my safe zone, you have my blessings, PUMP it to moon bois. {image} {image}
Launch pad under maintenance, didn't take off.
Exited just now with a tiny loss, not trading today in view of GBP holiday and NFP news later, to resume trading next Tuesday (next Monday is a GBP holiday too).
Trading during holiday can have unexpected price action or the dreaded sideways, I do not risk trading under unfavorable condition.

When you choose to buy an item, you wouldn't want the ones with a little faulty here and there right? Same concept, I can wait.

Happy with this week's profit, hope it keep coming.
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  • #739,817
  • Apr 7, 2023 12:12am Apr 7, 2023 12:12am
Do you all think we will see a drop with todays news?

Thank you,
  • #739,818
  • Apr 7, 2023 12:17am Apr 7, 2023 12:17am
GU　The entrance to London has returned to Tokyo's low price. However, during integration, it is not yet known which way it will swing in the range box.

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  • #739,819
  • Apr 7, 2023 12:17am Apr 7, 2023 12:17am
Quoting huffy13
Do you all think we will see a drop with todays news? Thank you,
drop or no drop is not depend on us nor whether news is good or bad, it is depend on big bank

and sometime the news like to wipe both side, so it is really subjective question, it even can wipe your stoploss only go to your favour direction
  • #739,820
  • Edited 1:20am Apr 7, 2023 12:20am | Edited 1:20am
Hi, Traders
My thoughts
M30, GU
Trend: Short
Point: descending channel line resistance + Stoch indicator cross + SMA resistance.
This is not a very good point, but as long as the price does not break 1.2481, I think the trend will not change.
The non-farm payrolls data could spoil that.
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Just follow the trend.
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