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Cable Update (GBPUSD)

  • #740,241
  • Apr 10, 2023 1:14pm Apr 10, 2023 1:14pm
Quoting dantpm
{quote} The big drop happened with all of the connecting markets closed. Not sure if this makes sense. The whales, MM's and so on would want full access to all the brokers if it was a stop hunt!

one minute I think I understand GU the next i get surprised
  • #740,242
  • Apr 10, 2023 1:55pm Apr 10, 2023 1:55pm
Quoting LitEU
{quote} one minute I think I understand GU the next i get surprised

one minute YOU think YOU understand GU the next YOU LEARN SOMETHING.

Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #740,243
  • Apr 10, 2023 1:58pm Apr 10, 2023 1:58pm
Added a long at 12380 b/e now 12461
Insane in the Brain..
  • #740,244
  • Apr 10, 2023 2:01pm Apr 10, 2023 2:01pm
Quoting LitEU
{quote} one minute I think I understand GU the next i get surprised
Everyone has gone through this. You understand it when it is trending. Where it confuses most is when it starts to go sideways because then all those triple top, inverted cheese wedge, monkey paw head and shoulders patterns that folks swear by go out of the window. Google complex corrections. Saved me a few shekels.
Don't compare your trades to others. Most often the masses are the asses
  • #740,245
  • Apr 10, 2023 2:07pm Apr 10, 2023 2:07pm
Quoting OBsayMkMoney
{quote} Everyone has gone through this. You understand it when it is trending. Where it confuses most is when it starts to go sideways because then all those triple top, inverted cheese wedge, monkey paw head and shoulders patterns that folks swear by go out of the window. Google complex corrections. Saved me a few shekels.
I'll do that now thanks
  • #740,246
  • Apr 10, 2023 2:09pm Apr 10, 2023 2:09pm
Quoting BeeTogether
Added a long at 12380 b/e now 12461

hmmmm... thinking weren't you in an ugly draw down? I think this long was just a small retrace before we continue.. but hey...
Don't compare your trades to others. Most often the masses are the asses
  • #740,247
  • Apr 10, 2023 2:21pm Apr 10, 2023 2:21pm
Quoting LitEU
Where the bulls at ? {image}
These were the only "bulls" I could find around here for Easter Monday - loafing around...

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  • #740,248
  • Apr 10, 2023 2:29pm Apr 10, 2023 2:29pm
Quoting OBsayMkMoney
{quote} hmmmm... thinking weren't you in an ugly draw down? I think this long was just a small retrace before we continue.. but hey...
last two weeks been a cluster fuck tell you truth. Took a hit back end of last week thing we are going to see a bullish move to 126 and its gone the other way. Had I kept the short running Id be in little profit now
Insane in the Brain..
  • #740,249
  • Apr 10, 2023 2:31pm Apr 10, 2023 2:31pm
Quoting Pat Chiko
{quote} Dollar Index Put some hammer.......... {image}
What like this???

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  • #740,250
  • Apr 10, 2023 3:00pm Apr 10, 2023 3:00pm
Quoting eyefeelsix
{quote} Cable Update (GBPUSD) --- take some and leave the rest.. {image}
maybe there.. idk
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https://breakpullback.com
  • #740,251
  • Apr 10, 2023 3:08pm Apr 10, 2023 3:08pm
Trading is about who can take the risk

its totally not true if you think you have the best system,

sometime your entry will start turning profit just after entry
sometime your entry keep stays at loses just after entry
sometime your entry almost hit Sl and reverse to profit
Sometime it breakeven and continue in the main direction

this business doesnt have seniority, I have seen 4yrs Trader making good profit than someone with 20yrs experience .

The choice is urs if you have the balls to take the risk, Your patience is part of the risk and remember to protect your capital at all, failure to use SL or when to close losing position mean you are risking it all, set a plan and execute the plan .

cut your lose and let your win run to ur target


both the new and the old traders are always on the hot seat Dont let anyone delude you with there account balance .
MY OPINION NOT FINANCIAL ADVISE
  • #740,252
  • Apr 10, 2023 3:12pm Apr 10, 2023 3:12pm
Quoting BeeTogether
{quote} last two weeks been a cluster fuck tell you truth. Took a hit back end of last week thing we are going to see a bullish move to 126 and its gone the other way. Had I kept the short running Id be in little profit now
I feel you I would have made profit off my shorts or broke even too and been looking for a better long entry, I closed out shorts anticipating a bit more of a climb or to get in and follow it down but due to working shifts I couldn't keep my finger on the pulse and now I'm chasing back my long trade which sits at aBE of 1.246 - It sounds like we are in the same boat, I have already took a loss this month. WOuld love to see a climb but id be happy to reach here before the news screws me.

Bad US news would be great but knowing my luck it will go one way then the other and ill take more losses so I don't blow away too much. You can always get back in
  • #740,253
  • Apr 10, 2023 3:12pm Apr 10, 2023 3:12pm
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yes yes yes
  • #740,254
  • Apr 10, 2023 3:18pm Apr 10, 2023 3:18pm
Quoting Moty
{image}
My tp is 1.23932
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yes yes yes
  • #740,255
  • Apr 10, 2023 3:30pm Apr 10, 2023 3:30pm
GU BUY SL at BE
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  • #740,256
  • Apr 10, 2023 3:32pm Apr 10, 2023 3:32pm
Quoting Moty
{image}
Looking at the 1h trend on a bigger time frame or the 4hr, it's still looking in a bullish channel?

Doesnt mean its staying these channels but this is what i see
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  • #740,257
  • Apr 10, 2023 3:54pm Apr 10, 2023 3:54pm
all out !!!
3rd profitable day in a row
overall i turn 66 $ to 180 $ in 3 days
not bad at all
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yes yes yes
  • #740,258
  • Apr 10, 2023 3:59pm Apr 10, 2023 3:59pm
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My view on daily.
  • #740,259
  • Apr 10, 2023 4:01pm Apr 10, 2023 4:01pm
Quoting MarcoJnr
{quote} Looking at the 1h trend on a bigger time frame or the 4hr, it's still looking in a bullish channel? Doesnt mean its staying these channels but this is what i see {image} {image}
What do you see on the weekly timeframe? Tomorrow, we hopefully get the answer, but will need some juice to break the resistance. I'm more bearish, but that's just my take!
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Don't trade what you think. Just what you see!!!
  • #740,260
  • Apr 10, 2023 4:20pm Apr 10, 2023 4:20pm
This is a good point - Firstly looking at daily it's still on trend but there is a lot of room on the downside for a bigger retracement where the upward is limited in the short term but its been grinding higher

The weekly does look to be trading sideways in a range but like you said tomorrow may hold more answers or Wednesday - Market sentiment will say it all, we could see more downside or a push higher which if that happens we will have a lot of selling pressure on new highs especially when news can push the dollar higher.
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