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Cable Update (GBPUSD)

  • #745,441
  • May 12, 2023 11:17am May 12, 2023 11:17am
Quoting Pat Chiko
{quote} Announcement. All trading now closed , please vacate this room immediately and please proceed to your nearest club for Party................... ( Take a shower and brush your teeth first before going) {image}
....what sort of party ....a paradym party....
  • #745,442
  • May 12, 2023 11:20am May 12, 2023 11:20am
Another account blown
  • #745,443
  • May 12, 2023 11:26am May 12, 2023 11:26am
Quoting eyefeelsix
{quote} 1.2575 has been broken --- Commitment of my trade, Exit All the rest {image}
nice folds from yesterday..
Attached Image (click to enlarge)
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https://breakpullback.com
  • #745,444
  • May 12, 2023 11:33am May 12, 2023 11:33am
Quoting Pat Chiko
{quote} Announcement. All trading now closed , please vacate this room immediately and please proceed to your nearest club for Party................... ( Take a shower and brush your teeth first before going) {image}
Inserted Video
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #745,445
  • May 12, 2023 11:33am May 12, 2023 11:33am
Quoting Waveskierrob
{quote} ....what sort of party ....a paradym party....

That is schedule in different location.
Not attending it... Only for 7 years old children

Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #745,446
  • May 12, 2023 11:36am May 12, 2023 11:36am
Quoting MrFanciful
Another account blown
Last time I'm going to say it "OVER LEVERAGED"...I do feel for you but you think that trying to predict the market is the key....Money Management pure and simple, good luck with your endeavours...
  • #745,447
  • May 12, 2023 11:37am May 12, 2023 11:37am
GU bulls spotted making a hurried escape

2436 is the last bastion for them
Attached Image (click to enlarge)
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  • #745,448
  • May 12, 2023 11:38am May 12, 2023 11:38am
Quoting dantpm
I don't understand today's move. We appear to be heading back toward the pricing that pulled the US stock market down! I haven't seen any data to suggest a change in the relative strengths of any economies to support this surge by the USD.
USD being a bitch
  • #745,449
  • May 12, 2023 11:39am May 12, 2023 11:39am
Quoting Pat Chiko
{quote} That is schedule in different location. Not attending it... Only for 7 years old children {image}
She's back...
Attached Image (click to enlarge)
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  • #745,450
  • May 12, 2023 11:40am May 12, 2023 11:40am
Quoting karankeni
{quote} USD being a bitch
after todays move it does seem just like senior traders saying here news might help but structure seems to be more important
  • #745,451
  • May 12, 2023 11:41am May 12, 2023 11:41am
Quoting dantpm
I don't understand today's move. We appear to be heading back toward the pricing that pulled the US stock market down! I haven't seen any data to suggest a change in the relative strengths of any economies to support this surge by the USD.
dantpm, follow thru after yesterday's drop.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 05.12 daily.png Size: 55 KB

Note very weak retracement. GU didn't retrace even 38.2% of this drop, below PP @1.2550. 100% daily (ATR) is 94 pips which I use to tp or go countertrade (min. condition).
Attached Image (click to enlarge)
Click to Enlarge Name: GU 05.12 15M.png Size: 41 KB
Always trade your own plan...I don't provide trading signals.
  • #745,452
  • May 12, 2023 11:44am May 12, 2023 11:44am
Quoting Coreg2004
{quote} dantpm, follow thru after yesterday's drop. {image} Note very weak retracement. GU didn't retrace even 38.2% of this drop, below PP @1.2550. 100% daily (ATR) is 94 pips which I use to tp or go countertrade (min. condition). {image}
Trading with your calmness is a dream..Someday
  • #745,453
  • May 12, 2023 11:47am May 12, 2023 11:47am
Quoting dantpm
I don't understand today's move. We appear to be heading back toward the pricing that pulled the US stock market down! I haven't seen any data to suggest a change in the relative strengths of any economies to support this surge by the USD.
Don't worry...The USD is going to zero, just like every other fiat currency. The others are just going there faster.
  • #745,454
  • May 12, 2023 11:53am May 12, 2023 11:53am
Quoting karankeni
{quote} Trading with your calmness is a dream..Someday
karankeni, thanks. It didn't happen overnight. Give yourself time, it will come. Price dorppd below the channel, no rush to enter C-T trade in my book.
Always trade your own plan...I don't provide trading signals.
  • #745,455
  • May 12, 2023 11:55am May 12, 2023 11:55am
1.24100 (H1 Support) is also a good place to take off.
Dollar Index looks quite strong now, I'm expecting GU might stay around 1.241 ~ 1.242, and leave imagination space for 1.23
My terrible loss yesterday repairs quite well today. Thanks God
Hope everyone here have Green pips
  • #745,456
  • May 12, 2023 11:56am May 12, 2023 11:56am
Quoting dantpm
I don't understand today's move. We appear to be heading back toward the pricing that pulled the US stock market down! I haven't seen any data to suggest a change in the relative strengths of any economies to support this surge by the USD.
Fuck them fundamentals bro. Patter recognition telegraphed this move IMO. I spent years following fundamentals and blowing accounts. So glad I jumped off. Elliot Waves are so relaxing. Good luck
Don't compare your trades to others. Most often the masses are the asses
  • #745,457
  • May 12, 2023 11:58am May 12, 2023 11:58am
Quoting OBsayMkMoney
{quote} Fuck them fundamentals bro. Patter recognition telegraphed this move IMO. I spent years following fundamentals and blowing accounts. So glad I jumped off. Elliot Waves are so relaxing. Good luck
fundamentals backed up with technical analysis sure do go a long way tbh
  • #745,458
  • May 12, 2023 12:01pm May 12, 2023 12:01pm
Quoting MrFanciful
Another account blown
Dude.. how the hell are you trading? What kind of Money management? Try this. For every 100 dollars you have in your FREE MARGIN, you trade .01 trade to open up. IF you find yourself having caught a trend then and only then add another .01 when the first is around 10 dollars in profit. It seems like you are putting in 200 dollars and trading .60 lots like I used to when I blew accounts because I wanted the amount I won to be substantial. Now I just want it to be positive and if I only get a little here.. no problem because I will get more later. Plus if my .01 for ever 100 goes in the wrong direction it doesn't rip my ball hairs out.
Don't compare your trades to others. Most often the masses are the asses
  • #745,459
  • May 12, 2023 12:05pm May 12, 2023 12:05pm
Quoting LitEU
{quote} fundamentals backed up with technical analysis sure do go a long way tbh
I actually trade the other way around lol. I look at the technicals and then look for incoming fundamental news to spur on my analysis. So I do my wave counts looking for waves 2 or 4, or an approaching one. Then look to the fundamentals and if I find myself in the pocket right before the news comes out.. Boom. Makes things a little easier for me at least.
Don't compare your trades to others. Most often the masses are the asses
  • #745,460
  • May 12, 2023 12:07pm May 12, 2023 12:07pm
I am in short at 1.2451 TP 1.2406 on 4H first wave was 144 pips and 2nd wave should be the same s2 should be hit ...
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