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Cable Update (GBPUSD)

  • #745,821
  • May 16, 2023 7:37am May 16, 2023 7:37am
out...
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  • #745,822
  • May 16, 2023 7:38am May 16, 2023 7:38am
Quoting BeeTogether
US data wasn’t good so the drop could be just temporary? Not sure gone long at 125 will trade with caution for next hour or so
m1 - m15 is currently bearish for me. Long is still viable.
Daily low is still open target.
Take care.
Cuz market is generally mixed.
No fixed direction.
Exhausted
  • #745,823
  • May 16, 2023 7:39am May 16, 2023 7:39am
Only reason im holding longs is monthly pivot holding price above pivot and value is found above weekly pivot. However market is still perceiving value as lower as well with the drop from monthly R1 last week. So market is conflicted. I am simply going with the most recent perception of value which is long.
  • #745,824
  • May 16, 2023 7:41am May 16, 2023 7:41am
I am in long from 1.2509 TP 1.2560
  • #745,825
  • May 16, 2023 7:42am May 16, 2023 7:42am
Quoting Pat Chiko
{quote} GU Target SHORT closed to add LONG position {image}
GU

Add LONG scalping
(Balance of SHORT position will be closed asap)

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #745,826
  • May 16, 2023 7:43am May 16, 2023 7:43am
No guts no glory
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Extreme gut feeling trader
  • #745,827
  • May 16, 2023 7:43am May 16, 2023 7:43am
Quoting Pat Chiko
{quote} GU Target SHORT closed to add LONG position {image}
Thank you , Pat
quick enter long again and soon cover my stop out loss
  • #745,828
  • Edited 7:58am May 16, 2023 7:44am | Edited 7:58am
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yes yes yes
  • #745,829
  • May 16, 2023 7:45am May 16, 2023 7:45am
Quoting GODofMC
{quote} hunted all my sSL UJ trap work fine Adding manual {image} {image}
all in minusses state
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #745,830
  • May 16, 2023 7:46am May 16, 2023 7:46am
SL at b/e TP 12550 meetings and workshops to present in 15 so need to be careful
Insane in the Brain..
  • #745,831
  • May 16, 2023 7:50am May 16, 2023 7:50am
Quoting montygoldy
No guts no glory {image}
holy gold
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #745,832
  • May 16, 2023 7:53am May 16, 2023 7:53am
Impressive day on 1k deposit 2k profit … literally done for the day.. only gonna play with minute lots…
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Extreme gut feeling trader
  • #745,833
  • May 16, 2023 7:55am May 16, 2023 7:55am
Quoting Pat Chiko
{quote} GU Add LONG scalping (Balance of SHORT position will be closed asap) {image}
GU

End of scalping all SHORT Position
Add LONG Scalping position.

Gimme rocket please
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #745,834
  • May 16, 2023 7:57am May 16, 2023 7:57am
Re entered long at 12512 TP 12550-70
Insane in the Brain..
  • #745,835
  • May 16, 2023 8:08am May 16, 2023 8:08am
F O C U S
on trade Management, not on P&L.

Be systematic and know what you’re supposed to be doing and avoiding the things and not being influenced emotionally and psychologically because of the money.
Because as soon as you put a trade on you're worrying about the P&L of that trade.

You're not worrying about the price action your mind shifts from managing the risk and managing the trade versus hoping you don't lose is this turn around go after your stop
Worse off , it may not even be close to your style but most of the time it will because you're in a hurry to do what “LOCK” your stop loss up and that's not what a profitable Trader does profitable traders aren't in a hurry to race their stop loss to break/

For consistence Profitable traders, they're not concerned about that............ Why ? because they've been here before.
They know that even if this trade fails it's not going to end their career it doesn't undo the efficacy of their model or their approach to trading.

Trade Well and Trade Safe.

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #745,836
  • May 16, 2023 8:11am May 16, 2023 8:11am
Quoting Pat Chiko
F O C U S on trade Management, not on P&L. Be systematic and know what you’re supposed to be doing and avoiding the things and not being influenced emotionally and psychologically because of the money. Because as soon as you put a trade on you're worrying about the P&L of that trade. You're not worrying about the price action your mind shifts from managing the risk and managing the trade versus hoping you don't lose is this turn around go after your stop Worse off , it may not even be close to your style but most of the time it will because you're...
enlightenment...thanks sir
  • #745,837
  • May 16, 2023 8:19am May 16, 2023 8:19am
Quoting bolivarfx
{quote} The signal is still relevant up to 1.2420. {image}
Quoting mysterio
im bearish, shorted on supply earlier. 1.24 is a previous daily POC and untested high volume i'm holding til there. {image} {image} {image}
Sure, GU just needs to demolish a few zones on the way down and we are there......Still possible.
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Always trade your own plan...I don't provide trading signals.
  • #745,838
  • May 16, 2023 8:19am May 16, 2023 8:19am
Quoting Georginson
Sold 1.2515... target 1.2408 Second sell limit at 1.2535...
Both shorts exited again at 1.2500 +15 and +35 pips
Data + Stat + Risk/Emotions Management
  • #745,839
  • May 16, 2023 8:21am May 16, 2023 8:21am
Short 2504. TP 2460.
  • #745,840
  • May 16, 2023 8:22am May 16, 2023 8:22am
Another range
Exhausted
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