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Cable Update (GBPUSD)

  • #739,961
  • Apr 7, 2023 6:52pm Apr 7, 2023 6:52pm
support held well end of week. Lookin' to see a run up early next week.
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  • #739,962
  • Apr 7, 2023 7:19pm Apr 7, 2023 7:19pm
Quoting 7154Superman
OMG!!! EUR/USD spiked 75 pips up to 1.0981 immediately after market close. But GBP/USD did nothing. I held my EUR/USD short trade over the weekend, expecting 100+ pips within a couple more days. Now what?! {image} {image}
Oops.

Seriously, are you trading a lot or more
  • #739,963
  • Apr 7, 2023 7:56pm Apr 7, 2023 7:56pm
Quoting Fml
{quote} Oops. Seriously, are you trading a lot or more
More.
You cannot fail if you never give up.
  • #739,964
  • Apr 7, 2023 8:28pm Apr 7, 2023 8:28pm
Quoting 7154Superman
OMG!!! EUR/USD spiked 75 pips up to 1.0981 immediately after market close. But GBP/USD did nothing. I held my EUR/USD short trade over the weekend, expecting 100+ pips within a couple more days. Now what?! {image} {image}
I think you should be ok for market open. If price remains here when market opens I'll take a sell position TP 1.08 . There is the possibility of price hitting the next resistance point at 1.10 though. If current resistance point breaks, there is a higher chance it'll go up. If your position can't handle that potential drawdown, you might want to make sure it does when market opens.
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  • #739,965
  • Apr 7, 2023 8:52pm Apr 7, 2023 8:52pm
Quoting 7154Superman
{quote} More.
Hopefully you can take the hit since you went crazy with all those nano trades ...didn't think that was accepted even.

Do what you feel, don't take other's advice. They aren't the one holding the position. Learn something from it whichever way you decide if you're trying to become more than the typical. You've got a long ways and can't be doing the idiotic like this.

Good luck
  • #739,966
  • Apr 7, 2023 9:11pm Apr 7, 2023 9:11pm
Quoting 7154Superman
OMG!!! EUR/USD spiked 75 pips up to 1.0981 immediately after market close. But GBP/USD did nothing. I held my EUR/USD short trade over the weekend, expecting 100+ pips within a couple more days. Now what?! {image} {image}
https://www.ig.com/en/indices/market...weekend-eurusd
Stay low, Go fast - No luck, All skill
  • #739,967
  • Apr 8, 2023 12:54am Apr 8, 2023 12:54am
Quoting ashur123
support held well end of week. Lookin' to see a run up early next week. {image}
You really trust this circles? What is that? Why here or there? Please I really wonna know
People don't plan to lose. They lose because they don't plan.
  • #739,968
  • Apr 8, 2023 12:58am Apr 8, 2023 12:58am
Quoting Fml
{quote} Me too, you guys like small accounts right....this one of my pecker accounts this week. 100% or close to it +/- on a 1k account this week. Is this what we're supposed to do on forexfactory... {image} {image}
Trading like this you can do only one thing... blow your account fast! Better when you learn some MM and wait and collect some more money to deposit. Thats will be better for your trading journey, cheers!
People don't plan to lose. They lose because they don't plan.
  • #739,969
  • Apr 8, 2023 2:32am Apr 8, 2023 2:32am
Quoting Moty
summery of the last 2 days i am on fire {image}
Congratulations, but...

21 trades in two days?

That's a lot of trading for just 90 bucks.

Is it worth your time?

Serious question, not to insult in any way...is it worth the time?

Or is it better to analyze once per day (10-15mins), wait for the largest most volatile moves and then snipe a portion of that.

* Better Risk/Reward
* Less stress
* Better emotional control
* Let's ideas thaw out more before commiting
* Gives you more free time to do what you actually want to do.

Just my two cents.
  • #739,970
  • Apr 8, 2023 3:28am Apr 8, 2023 3:28am
Quoting Pat Chiko
{quote} I'm saving some money on food, to have enough to buy plane ticket to visit you. Cutting the budget on my food. Today, am having only fish and chips.{image}
what if fish will eat all chips? you will have only fish then.
  • #739,971
  • Apr 8, 2023 3:31am Apr 8, 2023 3:31am
Quoting Moty
summery of the last 2 days i am on fire {image}
Moty, you are the best!
  • #739,972
  • Apr 8, 2023 5:43am Apr 8, 2023 5:43am
Quoting 7154Superman
OMG!!! EUR/USD spiked 75 pips up to 1.0981 immediately after market close. But GBP/USD did nothing. I held my EUR/USD short trade over the weekend, expecting 100+ pips within a couple more days. Now what?! {image} {image}
No Need to worry, market will open flat to slightly negative on Sunday..... there is no news yet to support this
  • #739,973
  • Apr 8, 2023 6:37am Apr 8, 2023 6:37am
A couple of setups that I am exploring for longer-term potential
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  • #739,974
  • Apr 8, 2023 10:20am Apr 8, 2023 10:20am
Quoting donfriday
{quote} yes price may go up but we have to wait for next week any buy now can serve are Liquidity grab aka stop Hunt the sell can grab liquidity the buy can also do the same price touch at 1.25 is crucial Q point 2500pips of major 10000pips range {image}
@DonFriday,
thanks so much for your input sir.
My VAP method shows me that GU will sell until 1.23022 or slightly lower.
I still remember a VAP demand level at 1.2124 thereabouts which price refused to touch since about three weeks ago.
I am hopeful that we might see this level in the new week. For now, I am certain that price will get to 1.23022 because between 1.2440 and 1.23022 there is no VAP demand/supply level which has not been tested.
I expect free fall until 1.23022 from where I will re-analyze.
  • #739,975
  • Apr 8, 2023 10:37am Apr 8, 2023 10:37am
Quoting Robinhood1
{quote} {image}
This man is an excellent trader.
I recommend that we pay attention to his posts.
  • #739,976
  • Apr 8, 2023 10:47am Apr 8, 2023 10:47am
Quoting Robinhood1
{quote} Guessing target around 1.2260
I have 1.2252 then maybe 1.2124
  • #739,977
  • Apr 8, 2023 12:00pm Apr 8, 2023 12:00pm
Quoting ScalaFX
{quote} You really trust this circles? What is that? Why here or there? Please I really wonna know
They're fibonacci circles. I don't trust them, I trust my MM. These circles just show where you are, where you want to go and where you might end up if plans go wrong. So it helps manage your money to avoid blowing accounts or taking unnecessary losses.
  • #739,978
  • Apr 8, 2023 12:59pm Apr 8, 2023 12:59pm
Quoting ashur123
{quote} They're fibonacci circles. I don't trust them, I trust my MM. These circles just show where you are, where you want to go and where you might end up if plans go wrong. So it helps manage your money to avoid blowing accounts or taking unnecessary losses.
Good to hear that, good luck with your trades
People don't plan to lose. They lose because they don't plan.
  • #739,979
  • Apr 8, 2023 3:30pm Apr 8, 2023 3:30pm
Quoting pipcenturion
{quote} This man is an excellent trader. I recommend that we pay attention to his posts.
Hi PC. the markets are not easy but I try to do the best I can. thank you
POSTMASTER
  • #739,980
  • Apr 8, 2023 5:18pm Apr 8, 2023 5:18pm
Quoting pipcenturion
{quote} I have 1.2252 then maybe 1.2124
The pattern has developed a lower target by now. I may be wrong
POSTMASTER
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