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Cable Update (GBPUSD)

  • #740,361
  • Apr 11, 2023 4:19am Apr 11, 2023 4:19am
You shell not pass 1.24459 mf
yes yes yes
  • #740,362
  • Apr 11, 2023 4:24am Apr 11, 2023 4:24am
Quoting josi
{quote} one way to look at it, I suppose {image}
Thanks for sharing a very good clean chart.
TL is looking good and appreciate for you sharing it.

Like a wise words from a seasoned trader :

"There are numerous ways to earn money in the market, but there is only one way to lose it, and that is by neglecting money management."

Trade your best and stay green.

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #740,363
  • Apr 11, 2023 4:27am Apr 11, 2023 4:27am
12440 resisting well. Seems bulls need a break above whilst the bears can patently wait till bulls run out of steam knocking at 12440s door
Insane in the Brain..
  • #740,364
  • Apr 11, 2023 4:29am Apr 11, 2023 4:29am
Quoting karankeni
Now maybe a small correction on daily next week and then dump again considering abc pattern turns out to be true {image}
will be holding todays shorts till somewhere around fib level (0.618) on Daily
Attached Image (click to enlarge)
Click to Enlarge Name: 2023-04-11 (2).png Size: 63 KB
  • #740,365
  • Apr 11, 2023 4:40am Apr 11, 2023 4:40am
Bought gu 45 mins ago for 100 pips. 10 pips sl as usual.
Patience.....
  • #740,366
  • Apr 11, 2023 5:02am Apr 11, 2023 5:02am
Quoting Fredo219
Bought gu 45 mins ago for 100 pips. 10 pips sl as usual.
Mate, this is not a very good post. I respect your right to post anything you want, but this post hasn't helped anybody following you and it isn't the first time I have read this. Your entry is so excellent that it's always 10-pip SL which never gets hit and you get to win 100 pips. This is very possible, I agree. But how about helping those who follow or read your comments understand your thought process and how you have managed to achieve such level of precision?
  • #740,367
  • Apr 11, 2023 5:07am Apr 11, 2023 5:07am
Quoting Fredo219
Bought gu 45 mins ago for 100 pips. 10 pips sl as usual.
I bought two weeks ago too for 200 pips
People don't plan to lose. They lose because they don't plan.
  • #740,368
  • Apr 11, 2023 5:09am Apr 11, 2023 5:09am
The next opportunity now is to wait


waiting means you know what you are doing
MY OPINION NOT FINANCIAL ADVISE
  • #740,369
  • Apr 11, 2023 5:13am Apr 11, 2023 5:13am
Quoting ScalaFX
{quote} I bought two weeks ago too for 200 pips
I bought four weeks ago too, 400 pips!!
Don't trade what you think. Just what you see!!!
  • #740,370
  • Apr 11, 2023 5:14am Apr 11, 2023 5:14am
Quoting Mitiblotch
{quote} Mate, this is not a very good post. I respect your right to post anything you want, but this post hasn't helped anybody following you and it isn't the first time I have read this. Your entry is so excellent that it's always 10-pip SL which never gets hit and you get to win 100 pips. This is very possible, I agree. But how about helping those who follow or read your comments understand your thought process and how you have managed to achieve such level of precision?
How is this different than your posts?
How to succeed in zero sum game?
  • #740,371
  • Apr 11, 2023 5:19am Apr 11, 2023 5:19am
Quoting donfriday
The next opportunity now is to wait waiting means you know what you are doing
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 44 KB
  • #740,372
  • Apr 11, 2023 5:21am Apr 11, 2023 5:21am
Quoting ScalaFX
{quote} First trade too early but all ok, next 2430, now 2441 pending 2450, target 2400, I wish price can test this RN, cheers!
Yess you are right Scala , i see equal lows on m5 right at RN , let's see i think price might attack those lows
  • #740,373
  • Apr 11, 2023 5:32am Apr 11, 2023 5:32am
Quoting Moty
You shell not pass 1.24459 mf
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-04-11-13-31-42-448-edit_net.metaquotes.metatrader4.jpg Size: 607 KB
yes yes yes
  • #740,374
  • Apr 11, 2023 5:44am Apr 11, 2023 5:44am
It completely retraced the last 1hr swing down.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20230411-114327_fxTrade.jpg Size: 539 KB
I have no clue where it's going
  • #740,375
  • Apr 11, 2023 5:45am Apr 11, 2023 5:45am
Quoting Mitiblotch
{quote} Mate, this is not a very good post. I respect your right to post anything you want, but this post hasn't helped anybody following you and it isn't the first time I have read this. Your entry is so excellent that it's always 10-pip SL which never gets hit and you get to win 100 pips. This is very possible, I agree. But how about helping those who follow or read your comments understand your thought process and how you have managed to achieve such level of precision?
I agree with you, I should be sharing analysis instead of entry. I'll be sharing analysis henceforth. My trading strategy is the combination of top down analysis (entry at 15M TF) and retail sentiment (i go against retail sentiment). Its simple but it isn't holy grail because holy grail doesn't exist. I go for big wins because getting a winning trade is difficult, why not milk it to the last drop?? ( at least 1:10).
I shared my last trade late because I was busy recording an artiste in my studio, sorry about that (I'm a music producer).
Patience.....
  • #740,376
  • Apr 11, 2023 5:46am Apr 11, 2023 5:46am
Quoting Fredo219
{quote} I agree with you, I should be sharing analysis instead of entry. I'll be sharing analysis henceforth. My trading strategy is the combination of top down analysis (entry at 15M TF) and retail sentiment (i go against retail sentiment). Its simple but it isn't holy grail because holy grail doesn't exist. I go for big wins because getting a winning trade is difficult, why not milk it to the last drop?? ( at least 1:10). I shared my last trade late because I was busy recording an artiste in my studio, sorry about that (I'm a music producer).
How do you measure retail seintiment?
How to succeed in zero sum game?
  • #740,377
  • Apr 11, 2023 5:47am Apr 11, 2023 5:47am
Taking a breather right now, Dollar on a pivot as it awaits CPI numbers , if numbers are as forecast/cooler than expected we can see fewer rate hikes and a reduction in inflation pushing it lower, the market is anticipating this so it makes sense where this sits at after the bank holidays over the weekend.

oppertunities for scalps or to buy the dips need good money management or you could get caught out either side, we may cool off in the Asian session and grind back up or either way, but it seems like its going sideways unless big money pushes us either way.

Be safe first, look at longer time frames which if continues the dollar for me is still bearish - look to buy in other markets against the dollar if markets dont suite gold, smp500 , not just GBP - - I am still in for the longs on GBP
  • #740,378
  • Apr 11, 2023 5:48am Apr 11, 2023 5:48am
Attached Image (click to enlarge)
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  • #740,379
  • Edited 6:00am Apr 11, 2023 5:50am | Edited 6:00am
Quoting Theoak
{quote} Trade based on your knowledge, not your emotions. Although I've experienced losses, I plan to get them back after midday. While there may be bullish sentiment (TA), my fundamental analysis suggest a short position long term. Take a step back, reassess, and then make an informed decision. Escape, revaluate then pull the trigger!! See you all after lunch!!!
She has shown her hand! Long in at 1.2446. The market bulls are in charge. This could go 40 pips or more!

ADDDED POSITIONS - CHART ATTACHED
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-04-11 115915.png Size: 26 KB
Don't trade what you think. Just what you see!!!
  • #740,380
  • Apr 11, 2023 5:50am Apr 11, 2023 5:50am
Stopped out of short trades.
No more trade today
Intraday only.
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