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Cable Update (GBPUSD)

  • #746,161
  • May 17, 2023 9:35pm May 17, 2023 9:35pm
GU is showing no strength whatsoever...with 30 min left to go on the 4 hour chart it is appearing that it will close weak.
  • #746,162
  • May 17, 2023 9:36pm May 17, 2023 9:36pm
The following thought of mine was posed as a question before.
Today, however, I'm not asking. Rather I'm saying:
I am now convinced that it is impossible for a Forex trader to make a living trading only the Asian session.
  • #746,163
  • May 17, 2023 9:43pm May 17, 2023 9:43pm
Quoting BrainBucks
The following thought of mine was posed as a question before. Today, however, I'm not asking. Rather I'm saying: I am now convinced that it is impossible for a Forex trader to make a living trading only the Asian session.
I dont even trade Asian,
unless that trader trade with heavily lot like 50 or 60, 20-30 pips would be enough for them.
But it is in Asian session, that price goes to deep liquidity levels
More time in the market, does not mean you trade better!
  • #746,164
  • May 17, 2023 9:50pm May 17, 2023 9:50pm
Quoting BrainBucks
The following thought of mine was posed as a question before. Today, however, I'm not asking. Rather I'm saying: I am now convinced that it is impossible for a Forex trader to make a living trading only the Asian session.

Gotta trade the Yen pairs if u wanna trade Asian session.
They usually move at least 20 - 40 pips.
Exhausted
  • #746,165
  • May 17, 2023 10:14pm May 17, 2023 10:14pm
Quoting BrainBucks
The following thought of mine was posed as a question before. Today, however, I'm not asking. Rather I'm saying: I am now convinced that it is impossible for a Forex trader to make a living trading only the Asian session.
I have the great little indicator that just told me to short GU for the past 2 hours. Tried to 2nd guess it and lost.
  • #746,166
  • May 17, 2023 10:14pm May 17, 2023 10:14pm
Long, sl is important
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  • #746,167
  • May 17, 2023 10:20pm May 17, 2023 10:20pm
Quoting dantpm
{quote} I have the great little indicator that just told me to short GU for the past 2 hours. Tried to 2nd guess it and lost.
And now it's time to buy.
Exhausted
  • #746,168
  • May 17, 2023 10:26pm May 17, 2023 10:26pm
Quoting Elysion
{quote} And now it's time to buy.
Actually it is on the fence suggesting hold but not buy or sell.
  • #746,169
  • May 17, 2023 10:27pm May 17, 2023 10:27pm
Quoting dantpm
{quote} I have the great little indicator that just told me to short GU for the past 2 hours. Tried to 2nd guess it and lost.
I'd stick with the short too. In fact been at it for 15hrs at least now.
  • #746,170
  • May 17, 2023 10:29pm May 17, 2023 10:29pm
Quoting boodvah
target is 1.24250
We'll, I've left my target at 1.24300 too which is around the same range.
  • #746,171
  • May 17, 2023 10:39pm May 17, 2023 10:39pm
Aussie love to consolidate
Took long
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yes yes yes
  • #746,172
  • May 17, 2023 11:03pm May 17, 2023 11:03pm
I'm currently long on GU and short on UJ.
if GU proceeda to hit my SL then I'll look for entries again. Gotta nonitor on UJ for now.
Exhausted
  • #746,173
  • May 17, 2023 11:15pm May 17, 2023 11:15pm
The pound-yen short was closed before the settlement point because the QQE-indicator did not go down. There was also a sufficient profit, including a little backlash.
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  • #746,174
  • May 17, 2023 11:29pm May 17, 2023 11:29pm
i forgot about gold.
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be a thinker before being a reacter
  • #746,175
  • May 17, 2023 11:41pm May 17, 2023 11:41pm
Hmm, GU is weak today.
Exhausted
  • #746,176
  • May 17, 2023 11:43pm May 17, 2023 11:43pm
Quoting Elysion
Hmm, GU is weak today.

seems to be a rinse and repeat of yesterday morning. No data to push and pull either just a natural drop in gravity lol
Insane in the Brain..
  • #746,177
  • May 17, 2023 11:48pm May 17, 2023 11:48pm
Quoting BeeTogether
{quote} seems to be a rinse and repeat of yesterday morning. No data to push and pull either just a natural drop in gravity lol
Please see my charts last night. GU and EU are prepping for a good launch. I wanted to sell this morning to my lower trendline, but chickened out. And now it's falling. I expected it to fall so kept a pending long, but I am pissed I didn't sell when I wanted to.
  • #746,178
  • May 17, 2023 11:49pm May 17, 2023 11:49pm
Quoting Mitiblotch
{quote} Please see my charts last night. GU and EU and prepping for a good launch. I wanted to sell this morning to my lower trendline, but chickened out. And now it's falling. I expected it to fall so kept a pending long, but I am pissed I didn't sell when I wanted to.
ouch.. hopefully you get in time for the long though
Insane in the Brain..
  • #746,179
  • May 17, 2023 11:51pm May 17, 2023 11:51pm
Price currently at 61.8 fib of yesterday impulse wave.
And GU no winners from morning till now
My profits fron other trades went back into GU
Exhausted
  • #746,180
  • May 17, 2023 11:54pm May 17, 2023 11:54pm
Quoting dantpm
{quote} Are they taking bets? What odds are they offering?
Hahaha... you know you can never trust those people.
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