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Cable Update (GBPUSD)

  • #745,361
  • May 12, 2023 7:36am May 12, 2023 7:36am
You can be wrong a million times, but it's enough to be right once
This morning's ringbound killed me
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yes yes yes
  • #745,362
  • May 12, 2023 7:37am May 12, 2023 7:37am
New weekly low
  • #745,363
  • May 12, 2023 7:38am May 12, 2023 7:38am
Quoting Moty
You can a million times, but it's enough to be right once This morning's ringbound killed me {image}
Same

About 25% of my account lost. Much better than previously. Normally I'd be ranting about blowing my account at this point.
  • #745,364
  • May 12, 2023 7:39am May 12, 2023 7:39am
Haha, they really do it, lol. Greedy guys. Let's see if they shake out now the weak hands shorting at 1.2496 with a retrace. But PA shows strong sell, not letting out longs. Happy I'm not yet long lol. (of course not)

Scalped from 1.24925 to 1.2495... (long) but got out again. Stupid PA. I really wanted to go short today at 1.2505. Shorties are too greedy. Backbounce till 1.2501 possible. I will not short there anyway. DR now at 48... 15 left till 63
  • #745,365
  • May 12, 2023 7:43am May 12, 2023 7:43am
That was perhaps the slowest down move I've ever seen without retracing.

1 bullish candle in the last 10 5 minute ones but only 34 pips. It was relentlessly monotonous.
  • #745,366
  • May 12, 2023 7:44am May 12, 2023 7:44am
Quoting Pat Chiko
{quote} GU Spike the "kink", then go down.................{image}

GU

kink me baby one more time...........
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #745,367
  • May 12, 2023 7:46am May 12, 2023 7:46am
Quoting Moty
You can a million times, but it's enough to be right once This morning's ringbound killed me {image}
Bro, try to avoid getting whipsawed by switching half way.
There were a few trades that was about to go your way but u switched sides and got whipsaw in that range trade.
Exhausted
  • #745,368
  • May 12, 2023 7:47am May 12, 2023 7:47am
Quoting Pat Chiko
{quote} GU kink me baby one more time........... {image} {image} {image}

further bring down required come on MF (Moty’s words not mine..)
Insane in the Brain..
  • #745,369
  • May 12, 2023 7:47am May 12, 2023 7:47am
Quoting ForexGoose
{image}
the bear should squeeze the bull to 1.245 today and then to 1.238 next week
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #745,370
  • May 12, 2023 7:51am May 12, 2023 7:51am
Closed GBPUSD sell and XAUUSD buy in profit.
Still at a net loss for the week, but today was a good day.
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Funded trader
  • #745,371
  • May 12, 2023 7:53am May 12, 2023 7:53am
switched to long at weekly s1
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yes yes yes
  • #745,372
  • May 12, 2023 7:54am May 12, 2023 7:54am
Quoting AlfieSolomon
Waiting for London {image}
Perfect
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  • #745,373
  • May 12, 2023 7:55am May 12, 2023 7:55am
Quoting JackintheBox
Haha, they really do it, lol. Greedy guys. Let's see if they shake out now the weak hands shorting at 1.2496 with a retrace. But PA shows strong sell, not letting out longs. Happy I'm not yet long lol. (of course not) Scalped from 1.24925 to 1.2495... (long) but got out again. Stupid PA. I really wanted to go short today at 1.2505. Shorties are too greedy. Backbounce till 1.2501 possible. I will not short there anyway. DR now at 48... 15 left till 63
Consolidation finished, retailers taken out to up side. I short now 1.2507, SL 1.2525, Target: 1.2480. I never trade like that but I want to learn so... I try it.
  • #745,374
  • May 12, 2023 7:55am May 12, 2023 7:55am
Quoting sbmortimer
Closed GBPUSD sell and XAUUSD buy in profit. Still at a net loss for the week, but today was a good day. {image}
Same, closed all GU. Patience paid off for GU today.
Been holding positions from 1.252 - 1.253.
I'm done for the day. 70% winrate I would say, a few losses before the price goes into my direction.

Trade safe peeps.
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Exhausted
  • #745,375
  • May 12, 2023 7:57am May 12, 2023 7:57am
Quoting JackintheBox
{quote} Consolidation finished, retailers taken out to up side. I short now 1.2507, SL 1.2525, Target: 1.2480. I never trade like that but I want to learn so... I try it.

Price is filling up the gaps.
Might even be a reversal point so take care and trade safe.
Exhausted
  • #745,376
  • May 12, 2023 7:58am May 12, 2023 7:58am
Quoting JackintheBox
{quote} Consolidation finished, retailers taken out to up side. I short now 1.2507, SL 1.2525, Target: 1.2480. I never trade like that but I want to learn so... I try it.
Perfect setup now for short. I could take my SL down to 1.2510. They attack again now, if 1.2510 is failing to hold, than upwards probably (should hold).

Damn it, USD is weak. My patience is tiny... USD/CHF down 15 pips. SL 1.2510 (-2 pips loss if so)

Edit: God, damn it, SL almost hit, 1.25097 max. lol. Now take it down please, it's enough with trend trading for me today. Really annoying lol.
  • #745,377
  • May 12, 2023 8:01am May 12, 2023 8:01am
Quoting AlfieSolomon
{quote} Perfect {image}
Moty how many indicators do you have? LOL.
  • #745,378
  • May 12, 2023 8:02am May 12, 2023 8:02am
With only this and one more 4 hour candle for the week. I'm hoping we've just seen the weekly low and now it's targeting the recent sellers
  • #745,379
  • May 12, 2023 8:02am May 12, 2023 8:02am
Quoting MrFanciful
4 times now I've been in the position to close out for a profit and each time I didn't, only for it to turn around and hit my SL
you might want to search for a momentum indicator that can help you recognize a weakening trend so you can cash out ahead of time.
"No trade is still a trade." - Peter Borish
  • #745,380
  • May 12, 2023 8:05am May 12, 2023 8:05am
Quoting Huntpips
{quote} Moty how many indicators do you have? LOL.
Doesn't matter if you are in profit
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