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Cable Update (GBPUSD)

  • #741,461
  • Apr 17, 2023 3:59pm Apr 17, 2023 3:59pm
Quoting TonyTepeli
{quote} Hello martinez1 10 years are reasonable to make such amount of money, from 2009 to 2023 dude congratulations that you made it this far because not everyone can master the artistry way of making money, while i don't know if it's true or not but kindly provide us the reason why you lost such amount at once , what really happened i guess we might have something to learn from you TonyT.
Well am going to respond to this because of how polite you are,
Normally i won't give my exact entries or trading system because it's my trophy after may years of battle but let me give a hints:
We had a down trend on Friday so i went for continuation today after a certain BOS but unfortunately my 50 pip stop was hit seeing and knowing
that is very rare to have my stop hit twice so i went in again for another break to the upside and again my stop was hit again another 50 pip.

Am not the smartest but i keep my way of trading as simple as possible. Pure TL and PA. Remember TL and PA is subjective
I hope this helps. More pips to us all
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #741,462
  • Apr 17, 2023 4:02pm Apr 17, 2023 4:02pm
Quoting ashur123
Support still holding. Buy positions still active. TP 1.25. A drop down to 1.23 still possible, plan accordingly. {image}

Thank you for your guidance and mentorship in trading. Your passion and expertise inspire me, and I always look forward to learning from your insights. I am grateful for the opportunity to grow as a trader under your guidance.
I would also like to encourage you to post more often on the platform. Your posts have been incredibly helpful to me, and I believe they would benefit many others in the trading community as well. Your insights and expertise are valuable, and I look forward to seeing more of your content in the future.
  • #741,463
  • Edited 6:52pm Apr 17, 2023 4:03pm | Edited 6:52pm
Quoting dentist007
Hi My charting app cannot read the date and time.Any ides what i should do.?{image}
What is your charting app and how should the data be formatted so that the app can recognize it?
If something like YYYY-MM-DD HH:MM:SS

1.Right click on A column - Insert to prepend empty column
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2. Select column with your time data, go to 'Data - Text to Columns'. Click 'Fixed width', move slider
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3. Destination should be $A$1. Click 'Finish', then Ok
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4. Delete Column B with '+00:00" remnants
5. 'Home - Find & Select - Replace'
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6. Replace T with space and click Replace all
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Should work but no guarantees
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Air force
  • #741,464
  • Apr 17, 2023 4:16pm Apr 17, 2023 4:16pm
Quoting W0lfram
{quote}{image} {image}
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Less than 50 pips in 11 days. Bears are coming?
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Air force
  • #741,465
  • Apr 17, 2023 4:26pm Apr 17, 2023 4:26pm
A Lot of traders don't talk about trading psychology but to me is the most important think but take this:

Remember to watch out for your inner demons, when they don't get fed by not doing what they want like breaking of rules, revenging trades etc, you feel and become stronger, more powerful and in control while they become weaker, starve and die
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #741,466
  • Apr 17, 2023 4:29pm Apr 17, 2023 4:29pm
GU looking bearish off resistance to me now.
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Compulsions can be hard to resist
  • #741,467
  • Apr 17, 2023 5:46pm Apr 17, 2023 5:46pm
Quoting martinez1
{quote} Hahahhaahhahaha, This is always the problem, so because am trading a multi million dollar account i should not be here on forex factory or on this thread? i may be in and out, post a little but bro i have been here for over 10 years so am not going anywhere. Lol. Has for my account i will show it but not today. cheers more pips to you
Painful to lose, but you are smart, you will gain. You have strength to control the risk, not everyone can.
Take some rest Martinez, let it settle all the best
  • #741,468
  • Apr 17, 2023 5:54pm Apr 17, 2023 5:54pm
V pattern now in play, GU finally closed firmly under the break it line.
Daily chart
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  • #741,469
  • Apr 17, 2023 6:25pm Apr 17, 2023 6:25pm
Quoting Jolita
{quote} Painful to lose, but you are smart, you will gain. You have strength to control the risk, not everyone can. Take some rest Martinez, let it settle all the best
Thankyou Jolita, i really appreciate this.
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #741,470
  • Apr 17, 2023 7:06pm Apr 17, 2023 7:06pm
took short with little lot little risk...breaking 1.24 will start bullish today
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  • #741,471
  • Apr 17, 2023 8:56pm Apr 17, 2023 8:56pm
I am currently long USDJPY, trading in-line with the current trend. I traded the breakout of last week's high, and managed to avoid becoming directionally biased. This afternoon, I closed out of my position, and not an hour later, the dealer broke the zone of consolidation. When I got home, I noticed something... I've spent years identifying this same behavior, and I was able to measure it out. Feel free to read through my markup, it's easier to read from left to right. Just follow the price action for a better understanding of my analysis.

I'm curious if the dealer is absorbing breakout long pending orders on the other side of yesterday's high, and reversing to hit stops, or if its a weak correction as the dealer allows selling volume to pile in on the inside of yesterday's high before the next rally... Only time will tell.

For those who are curious, my stop loss is just outside the 15-pip stop hunt zone (134.260), risking a handful of pips. Take profit somewhere in the 135.4xx zone.
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Discouragement is the language of the devil. Results over hype.
  • #741,472
  • Apr 17, 2023 9:25pm Apr 17, 2023 9:25pm
Quoting ashur123
Support still holding. Buy positions still active. TP 1.25. A drop down to 1.23 still possible, plan accordingly. {image}
I am curious to learn more about your concentric oval trading strategy. Can you point out a reference?
  • #741,473
  • Apr 17, 2023 9:26pm Apr 17, 2023 9:26pm
Quoting Jolita
V pattern now in play, GU finally closed firmly under the break it line. Daily chart{image}
Please explain what a V pattern in the daily chart signifies other than you are back to where you started.
  • #741,474
  • Apr 17, 2023 9:48pm Apr 17, 2023 9:48pm
Quoting imjoshbrown
I am currently long USDJPY, trading in-line with the current trend. I traded the breakout of last week's high, and managed to avoid becoming directionally biased. This afternoon, I closed out of my position, and not an hour later, the dealer broke the zone of consolidation. When I got home, I noticed something... I've spent years identifying this same behavior, and I was able to measure it out. Feel free to read through my markup, it's easier to read from left to right. Just follow the price action for a better understanding of my analysis. I'm...
What's the point of detailing your UJ trade here when the thread is very clearly marked "Cable Update (GBPUSD)?"
I just have never been able to wrap my head around why some of us keep doing this.
There is a USDJPY thread, go there and post this! I'm sure it'll be appreciated there.
Thank you!
  • #741,475
  • Apr 17, 2023 10:21pm Apr 17, 2023 10:21pm
Around 1.2400, I intend to short.

Probably, the price could test 1.2300 today.

s2 is 1.2304
Intraday only.
  • #741,476
  • Apr 17, 2023 10:27pm Apr 17, 2023 10:27pm
Quoting imjoshbrown
I am currently long USDJPY, trading in-line with the current trend. I traded the breakout of last week's high, and managed to avoid becoming directionally biased. This afternoon, I closed out of my position, and not an hour later, the dealer broke the zone of consolidation. When I got home, I noticed something... I've spent years identifying this same behavior, and I was able to measure it out. Feel free to read through my markup, it's easier to read from left to right. Just follow the price action for a better understanding of my analysis. I'm...
I wonder if the dealers will continue to try and take out stops above april's high now or the high from 5 weeks ago ?????
  • #741,477
  • Apr 17, 2023 11:06pm Apr 17, 2023 11:06pm
Quoting navk
Around 1.2400, I intend to short. Probably, the price could test 1.2300 today. s2 is 1.2304
have a look at eurjpy!!! nice place for a long ....tp around 137.80
  • #741,478
  • Apr 17, 2023 11:13pm Apr 17, 2023 11:13pm
GBPUSD

On the H4, what we saw yesterday, when compared with the support (LOWEST CLOSE) of last week can be correctly called a DOUBLE BOTTOM.

After a double bottom, price usually tests the NECKLINE.

Having the above mentioned in mind, it becomes imperative that price trades toward the resistance (HIGHEST CLOSE) of last week.

Well, my VAP method puts a value a few pips short of the highest close but nonetheless an excellent level where profit can be taken.

VAP target is at 1.25297

Enjoy the ride everyone!
  • #741,479
  • Apr 17, 2023 11:51pm Apr 17, 2023 11:51pm
Quoting navk
Around 1.2400, I intend to short. Probably, the price could test 1.2300 today. s2 is 1.2304
Hi friend how are you? Is it still valid and can we placed a sell limit order pending?
  • #741,480
  • Apr 17, 2023 11:56pm Apr 17, 2023 11:56pm
...zoomin out the chart helps always to have a better view
chaos is just unknown order
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