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Cable Update (GBPUSD)

  • #743,341
  • Apr 28, 2023 11:35am Apr 28, 2023 11:35am
Quoting Waveskierrob
Just when I thought it was safe to go back in the water..... still underwater and just ordered a truck load of patience from Amazon ....
cheer up, I saw it drop 2.5 pips in the last 5 minutes


Even a marathon start with a single step
  • #743,342
  • Apr 28, 2023 11:36am Apr 28, 2023 11:36am
Judging by the increase in short sentiment, my guess is that all the way up traders have been jumping in short. Now the Money question is when will it actually turn around (without the fakeout!) and how far will it drop?
  • #743,343
  • Edited 12:12pm Apr 28, 2023 11:37am | Edited 12:12pm
Short these levels long term. Looking for just under 1.0. Probably start on Monday? See you then.
UJ long..
My possible plan
Waves 2 and 4 being counter trend waves are identified by price leaving support level/channel.
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Don't compare your trades to others. Most often the masses are the asses
  • #743,344
  • Apr 28, 2023 11:37am Apr 28, 2023 11:37am
It is better to stay off When there is no clarity than forcing issues and regretting later, price used the whole of April to range in small distance of 273 pips only to pick the last trading day of the month and week to crush the high... Now I sold at 1.2578 for a target of 1.2510....

Medium term outlook is now bullish to 1.29 this Quarter since only 310 pips of expected 700 pips has only occured, expect some serious Volatility next Month.

80% of month May usually ends Bearish... A quick fire 200 pips overshoot to 1.2760 cannot be ruled out in the first 3 trade days of May.

Trade with utmost caution and see you all in May (by God's Grace).
Data + Stat + Risk/Emotions Management
  • #743,345
  • Apr 28, 2023 11:47am Apr 28, 2023 11:47am
Quoting Waveskierrob
Just when I thought it was safe to go back in the water..... still underwater and just ordered a truck load of patience from Amazon ....

1 pip target turn 500 pips loss still counting


best trade that ever lived.
MY OPINION NOT FINANCIAL ADVISE
  • #743,346
  • Apr 28, 2023 11:49am Apr 28, 2023 11:49am
The bulls are on the attack. Goal 1.3!
  • #743,347
  • Apr 28, 2023 11:52am Apr 28, 2023 11:52am
Quoting Whale
{quote} cheer up, I saw it drop 2.5 pips in the last 5 minutes Even a marathon start with a single step
Longest I've been underwater, luckily I'm working and getting on with my life instead of starring at a screen all day, been there, done that, it's not for me, down 4,000 GU, 5,000 DJIA and 1,000 GOLD....can't wait to post when they are all in profit hopefully this side of Christmas ...
  • #743,348
  • Edited 1:16pm Apr 28, 2023 12:00pm | Edited 1:16pm
>Hard &Big support / resistance to break but first tp 125587 and second 2 TP 1.25466
  • #743,349
  • Apr 28, 2023 12:01pm Apr 28, 2023 12:01pm
Quoting Mitiblotch
{quote} Oh glory! What a erection!
That erection F****ed me real good today
  • #743,350
  • Apr 28, 2023 12:04pm Apr 28, 2023 12:04pm
I am hoping it's establishing some support right now , next week could be tasty for another run up, so we have a few hours to see if this will.push or run out of steam
  • #743,351
  • Apr 28, 2023 12:06pm Apr 28, 2023 12:06pm
Quoting Waveskierrob
{quote} Longest I've been underwater, luckily I'm working and getting on with my life instead of starring at a screen all day, been there, done that, it's not for me, down 4,000 GU, 5,000 DJIA and 1,000 GOLD....can't wait to post when they are all in profit hopefully this side of Christmas ...
You take care bud.
Don't trade what you think. Just what you see!!!
  • #743,352
  • Apr 28, 2023 12:22pm Apr 28, 2023 12:22pm
Quoting Theoak
{quote} You take care bud.
Lucky I have deep pockets, but thanks...
  • #743,353
  • Apr 28, 2023 12:25pm Apr 28, 2023 12:25pm
Quoting Waveskierrob
{quote} Longest I've been underwater, luckily I'm working and getting on with my life instead of starring at a screen all day, been there, done that, it's not for me
I can't stare at screens all day long either. I look for a few set ups a week maybe 2 to 6 set ups. I check for 20 minutes a day and then I go do other work haha
  • #743,354
  • Apr 28, 2023 12:26pm Apr 28, 2023 12:26pm
Quoting ashur123
sell order initiated. Next sell order 1.26. TP 1.238 {image}
Good job so far. I'm encouraged by your trades. I'm just curious and have a question to ask. Does your indicator adjust itself automatically as price moves?
  • #743,355
  • Apr 28, 2023 12:27pm Apr 28, 2023 12:27pm
Quoting Pat Chiko
{quote} GU Waiting by the roadside to catch that ride {image}
GU
(Power of QM)

Wait for price to come to trade.

How it begun
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How it ended
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Once we know what to expect from our system, then have the patience to wait for the price to reach the levels ( QM Level) that our system indicates for either the point of entry or exit.
If our system indicates an entry at a certain level but the market never reaches it, then move on to the next opportunity.

There will always be another trade. Another QM, another SRF, RSF....
In other words, don't chase the plane after it has left the terminal; wait for the next plane.
(Learn more in Patience Is A Trader's Virtue.)
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #743,356
  • Apr 28, 2023 12:34pm Apr 28, 2023 12:34pm
Quoting Pat Chiko
{quote} GU (Power of QM) Wait for price to come to trade. How it begun{image} How it ended{image} Once we know what to expect from our system, then have the patience to wait for the price to reach the levels ( QM Level) that our system indicates for either the point of entry or exit. If our system indicates an entry at a certain level but the market never reaches it, then move on to the next opportunity. There will always be another trade. Another QM, another SRF, RSF.... In other words, don't chase the plane after it has left the terminal; wait...
We are not worthy ...great trade buddy...
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  • #743,357
  • Edited 1:16pm Apr 28, 2023 12:41pm | Edited 1:16pm
bad positions ,,,,,
you have to wait xx red line tp has already arrived to say to close
wowwwwwwwwww
we are in a bad position we have to wait maybe monday,, i don't know
wait 15.20 minutes before opening an order
  • #743,358
  • Apr 28, 2023 12:52pm Apr 28, 2023 12:52pm
Quoting Pat Chiko
{quote} GU (Power of QM) Wait for price to come to trade. How it begun{image} How it ended{image} Once we know what to expect from our system, then have the patience to wait for the price to reach the levels ( QM Level) that our system indicates for either the point of entry or exit. If our system indicates an entry at a certain level but the market never reaches it, then move on to the next opportunity. There will always be another trade. Another QM, another SRF, RSF.... In other words, don't chase the plane after it has left the terminal; wait...


Life is too Short..... Be a good person.........


Everyday I post one good set up in FORESIGHT..... (not hind sight).

The GU simple set up was posted 5hours ahead of the actual QM zone taken up.
Not forcing anyone to follow my trades, but at least two guy came up with good comments and the are in the train.

I find exchanging ideas and engaging in healthy discussions about trade setups enjoyable.
On the other hand, trolling is a despicable behavior that stems from hatred and jealousy.
I have added several trolls to my ignore list to avoid their negativity.

I believe in sharing my Foresight (nothing to do from where I came from).
After all, sharing cost nothing, its up to each and everyone to evaluate the set up and make your own judgement.

Take care and enjoy the weekends like there is no Monday's next week.............

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #743,359
  • Apr 28, 2023 12:53pm Apr 28, 2023 12:53pm
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yes yes yes
  • #743,360
  • Apr 28, 2023 1:00pm Apr 28, 2023 1:00pm
Quoting Pat Chiko
{quote} Life is too Short..... Be a good person......... Everyday I post one good set up in FORESIGHT..... (not hind sight). The GU simple set up was posted 5hours ahead of the actual QM zone taken up. Not forcing anyone to follow my trades, but at least two guy came up with good comments and the are in the train. I find exchanging ideas and engaging in healthy discussions about trade setups enjoyable. On the other hand, trolling is a despicable behavior that stems from hatred and jealousy. I have added several trolls to my ignore list to avoid...
And then Patrick Bateman
very good trade Pat!
Edit: wait did i fall into a trap..
You have an IQ lower than 90 if you interact with this user.
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sanity