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Cable Update (GBPUSD)

  • #745,861
  • May 16, 2023 9:17am May 16, 2023 9:17am
Short at 1.2490 tp 1.2450
MY OPINION NOT FINANCIAL ADVISE
  • #745,862
  • May 16, 2023 9:18am May 16, 2023 9:18am
1.249 could act a support on 1h
1h below and it will be smmmmoooth down
if not take what you can and wait for next setup
  • #745,863
  • Edited 9:36am May 16, 2023 9:19am | Edited 9:36am
Quoting beetogether
added long at 12492


SHORT OH.

i dont like to be against seniors
MY OPINION NOT FINANCIAL ADVISE
  • #745,864
  • May 16, 2023 9:24am May 16, 2023 9:24am
Quoting Pat Chiko
{quote} It is crucial to be independent and not influenced by others. Especially newbie like me... This does not mean that you should not be on social media, but you should be careful about who you listen to. If you have a new business, you should try to find your own model or develop your own approach. If you do not have the discipline to do this, then you should follow someone else who knows what they are doing. However, even if you are following someone who is successful, you will only be developing co-dependence. I believe that independence...


And I have a question, Pat Chicko
If you were to start over, where would you start?
First 2 years?
Would you do everything as you did? at the beginning ?
Could be something changed
Because it's interesting how you look at it in retrospect
  • #745,865
  • May 16, 2023 9:29am May 16, 2023 9:29am
Quoting GODofMC
up and down, -$30, BE, + $30 buying UJ save me Taking Out UJ. Waiting GU at least at 2510, Cut loss at 2518 still in prpfit, i want mooarrr {image}
Closing while i believe USD slighty stronger but nevermind
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #745,866
  • May 16, 2023 9:32am May 16, 2023 9:32am
Quoting donfriday
{quote} I WENT LONG OH. i dont like to be against seniors
are you against Yellen?

https://www.cnbc.com/2023/05/16/debt...-services.html
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #745,867
  • May 16, 2023 9:33am May 16, 2023 9:33am
You can hold it. RR 11+
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  • #745,868
  • May 16, 2023 9:37am May 16, 2023 9:37am
Quoting forexgoose
{quote} are you against yellen? https://www.cnbc.com/2023/05/16/debt...-services.html {image}
i dont listen to them they talk trash always..

I just apply mm
MY OPINION NOT FINANCIAL ADVISE
  • #745,869
  • May 16, 2023 9:39am May 16, 2023 9:39am
Anyone has in mind what topic will Bailey talk tomorrow?
More time in the market, does not mean you trade better!
  • #745,870
  • May 16, 2023 9:45am May 16, 2023 9:45am
from earlier this morning.
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be a thinker before being a reacter
  • #745,871
  • May 16, 2023 9:46am May 16, 2023 9:46am
Long @ 2495 to target 2530 levels.

leaning on current DXY resistance @ 102.55

will exit if price breaks back below 2485
  • #745,872
  • May 16, 2023 9:46am May 16, 2023 9:46am
Quoting ForexGoose
{quote} are you against Yellen? https://www.cnbc.com/2023/05/16/debt...-services.html {image}
Great post sir, but can you or someone who read the. news please explain to me why $10trillion of household wealth would evaporate?
Because they heavily used their credit card to finance their daily spending and mortgages on their house?
More time in the market, does not mean you trade better!
  • #745,873
  • May 16, 2023 9:50am May 16, 2023 9:50am
Quoting eyefeelsix
{quote} atm test scalp long on Microstructure -6p risk for 12R maybe {image}
One Last Try
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https://breakpullback.com
  • #745,874
  • May 16, 2023 9:52am May 16, 2023 9:52am
Quoting Fardeen1209
{quote} Great post sir, but can you or someone who read the. news please explain to me why $10trillion of household wealth would evaporate? Because they heavily used their credit card to finance their daily spending and mortgages on their house?
The stock market would go down in value and all those holding stocks would lose their 'wealth'.
  • #745,875
  • May 16, 2023 9:58am May 16, 2023 9:58am
Quoting dantpm
{quote} The stock market would go down in value and all those holding stocks would lose their 'wealth'.
Could be, but the % of American households holding stocks isnt that much i believe compares to the total households. But majority of them have their hands deep in debts, they are using their credit cards to maintain their purchasing power against inflation and mortgages on their houses and car financing.
Losing their jobs= no income, they can no longer repay their debts
Idk for sure but this is the type of post which shaped my focused to what to think when some fundamentals are taking place as we talked.
More time in the market, does not mean you trade better!
  • #745,876
  • May 16, 2023 10:06am May 16, 2023 10:06am
Show yourself you shyster
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  • #745,877
  • May 16, 2023 10:08am May 16, 2023 10:08am
Guys I have one question.
Especially to those who uses Technical Indicators to generate entries and exits.

How do you ingrain/ensure setups or system into your brain. Months of practices? Having notes standby during trades? Or any kind of tools to help you with it.

Everytime I review or backtest I see the clear entries but sometimes i fail to do so during livetrades.
It's like a brain malfunctioning during live

I see so many setups during review but my brain fail to do so during live.
Exhausted
  • #745,878
  • May 16, 2023 10:11am May 16, 2023 10:11am
Quoting OBsayMkMoney
Dollar Mondays... Fade the previous week's move. We were up. So today the Dollar goes down... more up tomorrow. US30 at 6th day down. When down days are consecutive like that they often go for three weeks. So petentially we have another 14 days of up/sideways Dollar action.
Tasty Tuesday. The day that the instrument continues the move it did the previous week, and counters the move it did on Monday. Two of the easiest days to trade IMO. For the most part. Once in a while it surprises, but Elliot Wave theory usually telegraphs. DOW continued it's downslide. For how long TBD, but at least another week IMO. If anyone watches CNBC the talking heads usually telegraph it when they repeatedly say how many days it has been declining. That usually signals a turn is coming. Like most things chart related. As soon as the news gets on board it is usually about to end.
Don't compare your trades to others. Most often the masses are the asses
  • #745,879
  • May 16, 2023 10:16am May 16, 2023 10:16am
Quoting Elysion
Guys I have one question. Especially to those who uses Technical Indicators to generate entries and exits. How do you ingrain/ensure setups or system into your brain. Months of practices? Having notes standby during trades? Or any kind of tools to help you with it. Everytime I review or backtest I see the clear entries but sometimes i fail to do so during livetrades. It's like a brain malfunctioning during live I see so many setups during review but my brain fail to do so during live.
One thing that kept me going is i had never did a backtesting of anything in my life (for me this is bullshit)
At first, i had a small account gathering the data of every setups i used and with the outcome i get i checked their validity, to know when to go a little more aggressive and when to not.
This helps me to make my state of mind adapt with losing money (i kept a fixed % small by always placing stops)
Backetesting has nothing to do with the psychological part of trade which is the #1 aspect of trade managememt.



Edit: Dont be like this guy running a hedgefunds on his mt4
Attached File(s)
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More time in the market, does not mean you trade better!
  • #745,880
  • May 16, 2023 10:19am May 16, 2023 10:19am
Quoting Fardeen1209
{quote} Could be, but the % of American households holding stocks isnt that much i believe compares to the total households. But majority of them have their hands deep in debts, they are using their credit cards to maintain their purchasing power against inflation and mortgages on their houses and car financing. Losing their jobs= no income, they can no longer repay their debts Idk for sure but this is the type of post which shaped my focused to what to think when some fundamentals are taking place as we talked.
Yellen doesn't care about those who don't own stock! 'Those people don't count. She is trying to get Congress and the Senate to panic by appealing to voters. Household wealth of the very rich is what evaporates. Notice how she doesn't refer to the average household wealth.
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