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Cable Update (GBPUSD)

  • #742,261
  • Apr 20, 2023 4:54pm Apr 20, 2023 4:54pm
I think we should wait, cable is on consolidation Zone. Only wait
  • #742,262
  • Apr 20, 2023 5:33pm Apr 20, 2023 5:33pm
support still holding. Hope everyone's patience is holding as strong. TP 1.25
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  • #742,263
  • Apr 20, 2023 5:34pm Apr 20, 2023 5:34pm
Quoting Pat Chiko
{quote} {quote} I copy.... GU SHORT {image}
GU

Loss day... in range price movement.
Give it all back to market.


Attached Image (click to enlarge)
Click to Enlarge Name: gu 052.png Size: 65 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #742,264
  • Apr 20, 2023 5:37pm Apr 20, 2023 5:37pm
Inside Day shows indecision was never truer than with this pair

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It takes a lot for me to IGNORE you, but you can try.
  • #742,265
  • Apr 20, 2023 5:42pm Apr 20, 2023 5:42pm
Quoting genadi
{quote} This bussiness is cruel. Not everyone can stay calm and polite while facing huge losses.
Thanks Bro, good encouragement.
I'm a scalper and always play scalp in any market condition.
Sometimes, got into wrong footing and have to deal with bad trades.

BTW my trade stategy as scalper is as simple as this..... (not applicable to anyone, just my kind of taste.)
Always take profit especially when U feel too comfortable in your trade!..............(confortable near to over confident level)

I Don’t shy away from small profits!
Most are losing, and I don’t be one of them! especially holding large drawdown and hope price to turn back soonest...

I know this is smartass talk but trust me if I had a mentor back then, telling me this with my bankroll back then I would have said no I‘m going for the big green but this is not how it works!

Trust me the longer you are in this game you will learn to appreciate the even the small wins! Serious.....
They will add up and at the end you are one of those 10% who actually make money from trading!

Keep this in mind!

Put in the work and you will find this very wise at some point!
The more experienced trader know what I‘m talking about!

Worth my 1.3 cents ( after inflation)
PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #742,266
  • Apr 20, 2023 5:48pm Apr 20, 2023 5:48pm
Quoting Pat Chiko
{quote} GU Loss day... in range price movement. Give it all back to market. {image}
I've seen how you move though so I know you'll have no problem making it back quick. Respect for posting the loss. You got this.
  • #742,267
  • Apr 20, 2023 5:57pm Apr 20, 2023 5:57pm
Quoting ashur123
support still holding. Hope everyone's patience is holding as strong. TP 1.25 {image}
Why you think it should go up? i'm thinking 30 pips more for me.
You have an IQ lower than 90 if you interact with this user.
  • #742,268
  • Apr 20, 2023 6:11pm Apr 20, 2023 6:11pm
Quoting Ferna
{quote} Why you think it should go up? i'm thinking 30 pips more for me.
Every market runs on cycles. 1.25 is the estimated area of interest for the end of the bull cycle short term. It can definitely go the other way or passed 1.25. All we can do is plan in case things don't go our way.
  • #742,269
  • Apr 20, 2023 6:38pm Apr 20, 2023 6:38pm
Quoting Pat Chiko
{quote} GU Loss day... in range price movement. Give it all back to market. {image}
Friday may want to see GU pullback to demand zone.

Out look on Technical
Attached Image (click to enlarge)
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BoE call after UK inflation with expectaation the MPC to push through two more hikes, taking Bank Rate to 4.75% in June.
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UK economy expected to do worse than Russia's.
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UK economy is in serious trouble and worsening.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #742,270
  • Apr 20, 2023 9:25pm Apr 20, 2023 9:25pm
Thoughts for today.
Upward comes first or downward come first.
Exhausted
  • #742,271
  • Edited 11:16pm Apr 20, 2023 11:04pm | Edited 11:16pm
While GU has sat on its ass and done nothing so far today, GJ has dropped 50 pips at this time. UJ is down 42 pips as well.
  • #742,272
  • Apr 20, 2023 11:44pm Apr 20, 2023 11:44pm
Quoting dantpm
While GU has sat on its ass and done nothing so far today, GJ has dropped 50 pips at this time. UJ is down 42 pips as well.
Yen is gaining strength and dragging it down.
But it could be temporary only until USD weakens further
Exhausted
  • #742,273
  • Apr 20, 2023 11:48pm Apr 20, 2023 11:48pm
Quoting Pat Chiko
{quote} Friday may want to see GU pullback to demand zone. Out look on Technical{image} BoE call after UK inflation with expectaation the MPC to push through two more hikes, taking Bank Rate to 4.75% in June. {image} UK economy expected to do worse than Russia's.{image} UK economy is in serious trouble and worsening.
GU

Partial TP.
A lot of wicks on GU Charts which presumably ,many a recaught in the wick (buy/or/ sell side)

The chart is not cleanest of all, which difficult to interpret atm.
Making an ABC pattern with "M" formation on H4.

Attached Image (click to enlarge)
Click to Enlarge Name: gu 054.png Size: 43 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #742,274
  • Apr 20, 2023 11:57pm Apr 20, 2023 11:57pm
This could have been an temporary setback.
You have an IQ lower than 90 if you interact with this user.
  • #742,275
  • Apr 21, 2023 12:04am Apr 21, 2023 12:04am
Quoting Pat Chiko
{quote} GU Partial TP. A lot of wicks on GU Charts which presumably ,many a recaught in the wick (buy/or/ sell side) The chart is not cleanest of all, which difficult to interpret atm. Making an ABC pattern with "M" formation on H4. {image}
GU

Completion "M" formation to do the ABC reversal to the upside.

Just my newbie analysis, if you have something different, please share , as we all open to discussion and matured enough to engaged in positive ways.
(unless you want to be jerks or Karen- I deal with you separately)

Make some noise, let me hear you in Real Time ( not hind sight)

Attached Image (click to enlarge)
Click to Enlarge Name: gu 055.png Size: 22 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #742,276
  • Apr 21, 2023 12:06am Apr 21, 2023 12:06am
Quoting Pat Chiko
{quote} GU Partial TP. A lot of wicks on GU Charts which presumably ,many a recaught in the wick (buy/or/ sell side) The chart is not cleanest of all, which difficult to interpret atm. Making an ABC pattern with "M" formation on H4. {image}
I believe the point of the 300-point swings the last couple of days has been to trap liquidity. If the intent is to now have a big move, they have probably collected sufficient liquidity to do it from GU. That or they simply farm more.
  • #742,277
  • Apr 21, 2023 12:09am Apr 21, 2023 12:09am
Quoting Pat Chiko
{quote} GU Completion "M" formation to do the ABC reversal to the upside. Just my newbie analysis, if you have something different, please share , as we all open to discussion and matured enough to engaged in positive ways. (unless you want to be jerks or Karen- I deal with you separately) Make some noise, let me hear you in Real Time ( not hind sight) {image}
Your ABC completes a H&S in the 4 hr time frame as well.
  • #742,278
  • Apr 21, 2023 12:13am Apr 21, 2023 12:13am
Quoting dantpm
{quote} I believe the point of the 300-point swings the last couple of days has been to trap liquidity. If the intent is to now have a big move, they have probably collected sufficient liquidity to do it from GU. That or they simply farm more.
Hi Dan.......

I'm lost too.................Really can't figure out what GU trying to say.......
There are times in life--and especially in markets--when confusion reigns.
We have all the pieces but can't figure out how they fit into a puzzle.

Confusion often occurs when the parts of different time frames don't line up.
When we see the larger picture--when all the pieces come together in a meaningful way--------
then we experience the opposite of confusion:
clarity.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #742,279
  • Apr 21, 2023 12:30am Apr 21, 2023 12:30am
i rather expect buying support at the blue zone and then up to new yearly highs. the structure is still healthy.
Attached Image (click to enlarge)
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trading is like dancing, don't think and just listen to the music!
  • #742,280
  • Apr 21, 2023 12:33am Apr 21, 2023 12:33am
Quoting Pat Chiko
{quote} Hi Dan....... I'm lost too.................Really can't figure out what GU trying to say....... There are times in life--and especially in markets--when confusion reigns. We have all the pieces but can't figure out how they fit into a puzzle. Confusion often occurs when the parts of different time frames don't line up. When we see the larger picture--when all the pieces come together in a meaningful way-------- then we experience the opposite of confusion: clarity.

Sometimes, I get confused when people say, “I am not going to trade today because there’s no volatility ”.

As traders we don’t have the luxury to pick and chose day type.
The market could lack vol for months.
We need to adapt and have a plan for differing volatility conditions.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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