Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#743,361
Apr 28, 2023 11:08am Apr 28, 2023 11:08am

Ferna
Joined Dec 2022 | Status: Trader | 2,427 Posts

what is interesting is how good GBP hold it’s levels late yesterday and today compared to the other currencies.
Is there any larger macro news i missed? i dont follow news much.

You have an IQ lower than 90 if you interact with this user.

#743,362
Apr 28, 2023 11:11am Apr 28, 2023 11:11am

pipcenturion
Joined May 2013 | Status: Trader | 1,684 Posts

USDJPY bears spotted.

Let the weekend party begin!

#743,363
Apr 28, 2023 11:13am Apr 28, 2023 11:13am

Ferna
Joined Dec 2022 | Status: Trader | 2,427 Posts

Quoting Mitiblotch

Disliked

{quote} Thanks a lot. Your return this month is mind-blowing! Feels good to be green. I wish I held mine, but I was top sure of the trade and overleversged (bad habit) so went out when I got good profit.

Ignored

Thank you! trading is starting to become fun now, feels like a game of starcraft 2, need both good micro and macro.
please post more often, you and some other traders here are a great inspiration to me, so nice of you all to share so much!

you know it was a bloody battlefield with GU this week, i think almost everyone who daytrades it were confused.
the only sensible play was taking short range profits and put alot of limit orders in case something goes south.

You have an IQ lower than 90 if you interact with this user.

#743,364
Edited 12:05pm Apr 28, 2023 11:13am | Edited 12:05pm

BeeTogether
Joined Oct 2020 | Status: Trader | 14,074 Posts

Have a good weekend folks. Took profit 70 pips,

was stuck in a trade for over 2 weeks. Now let’s see where Monday takes us. UK bank holiday on Monday but looking at other pairs all in the red cable could be playing catch up

Insane in the Brain..

#743,365
Edited 11:43am Apr 28, 2023 11:22am | Edited 11:43am

spacca
Joined Jul 2012 | Status: Trader | 516 Posts

#743,366
Apr 28, 2023 11:22am Apr 28, 2023 11:22am

OperaniyiFx
Joined Jun 2020 | Status: Trader | 340 Posts

Quoting pipcenturion

Disliked

USDJPY bears spotted. Let the weekend party begin!

Ignored

yeah on it already

#743,367
Apr 28, 2023 11:23am Apr 28, 2023 11:23am

Waveskierrob
Joined May 2020 | Status: Best trader ever to exist ever | 10,707 Posts

Quoting Pat Chiko

Disliked

{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...

Ignored

There ain't no Monday in the UK it's 'May day"...

#743,368
Apr 28, 2023 11:23am Apr 28, 2023 11:23am

Fix-it
Joined Oct 2019 | Status: Trader | 336 Posts

Quoting Pat Chiko

Disliked

{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...

Ignored

Power to you man, as i always say :-Live Authentically Love unconditionally and follow your destiny.
just ignore -ve people and be happy

#743,369
Apr 28, 2023 11:26am Apr 28, 2023 11:26am

MarcoJnr
| Joined Mar 2023 | Status: Trader | 257 Posts

Quoting Pat Chiko

Disliked

{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...

Ignored

Well said, foresight is important, it's no good people saying things in hindsight it doesn't help anyone after the fact, I like to share my ideas and research. I do my due diligence as best as I can and try to understand the markets, not just reacting to data or news, technical analysis is important but fundemental analysis is important too and sharing information with eachother can help a lot. I joined this forum as there was a lot of people making good cases in the moment not just websights posting after moves which can influence you to make bad decisions and trades.

Alongside trolling I don't support people just saying it's gonna do this or that with no evidence or supporting information, this can lead to people jumping in on things if they see someone saying this is going to happen with confidence, it's just like guessing, and these people are basically gambling and it's 50/50 it's gonna go one why or the other so can get lucky a lot.
Even with supporting information, we can be wrong but at least we can understand why after or use that to learn and make better decisions in the future.

I love your analysis and love this forum as a whole

#743,370
Apr 28, 2023 11:50am Apr 28, 2023 11:50am

matkooo2575
| Joined Apr 2013 | Status: Trader | 321 Posts

Quoting Pat Chiko

Disliked

{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...

Ignored

Pat, What is the QM? What I should study?