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Cable Update (GBPUSD)

  • #746,421
  • May 19, 2023 1:48am May 19, 2023 1:48am
GU was that run up really necessary if you were still hellbent on piercing down 2400??
Would have truly sucked if I'd set a SL that got hit, only to run back down like we originally intended.
Let's get under 2400 c'mon!!!!!!
  • #746,422
  • May 19, 2023 1:51am May 19, 2023 1:51am
Quoting Whale
I lost yesterday. still not ready to short with this mega support zone. I believe real sellers are waiting for discount price. 1.255 is the equilibrium area. i will post chart when/if i will get into new trade
You will recover soon. Loss is a part of trading.
Take it as the cost of doing business.

The real problem is when a trader doesn't want to take losses and will hold onto the trade, hoping for a reversal.
This puts psychological pressure on the trader and can lead to missed opportunities for other trades, as their capital is locked into a large drawdown and negative position.

It is important to move on from losses and not dwell on them.
I have had many more losses than all the people combined in this thread.

However, I have also had many more wins. The key is to learn from your losses and not let them discourage you.
I hope this is helpful to lift your spirit and win more trades as we move forward.

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #746,423
  • May 19, 2023 1:52am May 19, 2023 1:52am
Quoting genadi
{quote} nice. you are with me. we need Moty on our side and we can climb up
sad, moty was still digging
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #746,424
  • May 19, 2023 1:53am May 19, 2023 1:53am
Quoting josi
{quote} and - as in this case - divergence
No understand the context of that word in my trading luck, appreciate if you make it clear for me, as I'm not a very smart person.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #746,425
  • May 19, 2023 1:55am May 19, 2023 1:55am
Quoting Pat Chiko
{quote} I'm late in posting result and this makes me thinking of quit trading full time. Only when I'm not travelling, I will trade and dedicate one or two days a month to trading only. The rest is to enjoy life and travelling. I'm very old guy, time to enjoy this fruit of life. Not going to sit in from of chart till I'm 55 years old.. I wiil be back next week
your spirit nowhere near indicates youre old
  • #746,426
  • May 19, 2023 1:57am May 19, 2023 1:57am
G/M, bearish dly candle y/day but no downside follow thru (yet,?) after 2 tests in the Asian session and the new prev 1hr/4hr sw lo zone there held as support. of course this is coexistent with the prev 4hr/dly sw lo zone that extends down to 2364 which itself is coexistent with the same that extends to 2344. Upside recovery attempt has encountered supply at a prev1hr/4hr sw lo zone = prev supp = pot sbr which is also a prev 30min sw hi zone = prev res = pot res/23.6% 2546-y/day's 2392 lo.

1hr below
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Trader with an Edge.
  • #746,427
  • May 19, 2023 2:02am May 19, 2023 2:02am
Quoting karankeni
{quote} your spirit nowhere near indicates youre old
Hi,


Grreting.

I am 40 years old, and most of my trader friends are only part-time traders.
They have invested in passive investments, such as real estate and bonds., which gives a yearly return of 7-8%.

You are still young, and you have the energy and drive to go further.

It is time for me to take a rest, travel more, and enjoy whatever balance of my life remains.

Trade safely, and best wishes to you.

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #746,428
  • May 19, 2023 2:02am May 19, 2023 2:02am
Pound dollar I went long. I don't think today's Daily-open will break. The QQE index also exceeded 50.

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  • #746,429
  • May 19, 2023 2:02am May 19, 2023 2:02am
My GU FF BE @ 1.1943 getting there ....slowly
  • #746,430
  • May 19, 2023 2:04am May 19, 2023 2:04am
Quoting Headland
G/M, bearish dly candle y/day but no downside follow thru (yet,?) after 2 tests in the Asian session and the new prev 1hr/4hr sw lo zone there held as support. of course this is coexistent with the prev 4hr/dly sw lo zone that extends down to 2364 which itself is coexistent with the same that extends to 2344. Upside recovery attempt has encountered supply at a prev1hr/4hr sw lo zone = prev supp = pot sbr which is also a prev 30min sw hi zone = prev res = pot res/23.6% 2546-y/day's 2392 lo. 1hr below {image}

Hey Bro....

Long time no see.

Thought you've retired., as most of senior traders already made their money and enjoying life.

Thanks for keeping up with your chart posting. Many will benefit from your post.
Keep it coming, even you decide to retire...

Best Wishes

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #746,431
  • May 19, 2023 2:07am May 19, 2023 2:07am
Quoting Waveskierrob
My GU FF BE @ 1.1943 getting there ....slowly
very slow

i think 1.26+ again
but first tp will be 1.256
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  • #746,432
  • May 19, 2023 2:08am May 19, 2023 2:08am
Quoting Pat Chiko
{quote} GU Revenge trades. Need the money to cover losses.....{image}
GU

On going revenge trades to recover losses.
Hope got luck......

Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #746,433
  • May 19, 2023 2:08am May 19, 2023 2:08am
Quoting Whale
{quote} very slow i think 1.26+ again {image}
I copy you Bro.

Hope got luck
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #746,434
  • May 19, 2023 2:15am May 19, 2023 2:15am
Quoting Pat Chiko
{quote} I'm late in posting result and this makes me thinking of quit trading full time. Only when I'm not travelling, I will trade and dedicate one or two days a month to trading only. The rest is to enjoy life and travelling. I'm very old guy, time to enjoy this fruit of life. Not going to sit in from of chart till I'm 55 years old.. I wiil be back next week
Do investments or swings then.
Instead of full time trading.
Exhausted
  • #746,435
  • May 19, 2023 2:22am May 19, 2023 2:22am
Quoting Pat Chiko
{quote} Hey Bro.... Long time no see. Thought you've retired., as most of senior traders already made their money and enjoying life. Thanks for keeping up with your chart posting. Many will benefit from your post. Keep it coming, even you decide to retire... Best Wishes PAT
Hi Pat, yeh been on an extended break. I am I guess semi-retired but plan to continue trading for a while yet, (gotta have something to do other than holidays lol!)
----------------------

That prev 1hr/4hr sw lo zone (weds lo) causing upside barrier again....

4hr below
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Trader with an Edge.
  • #746,436
  • May 19, 2023 2:25am May 19, 2023 2:25am
closed buy from yesterday earlier, been shorting since 1.2422 area, looking for a liquidity grab below yesterdays low before a buy biased day

might hit 1.2380ish
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  • #746,437
  • May 19, 2023 2:26am May 19, 2023 2:26am
Quoting Pat Chiko
{quote} Hi, Grreting. I am 40 years old, and most of my trader friends are only part-time traders. They have invested in passive investments, such as real estate and bonds., which gives a yearly return of 7-8%. You are still young, and you have the energy and drive to go further. It is time for me to take a rest, travel more, and enjoy whatever balance of my life remains. Trade safely, and best wishes to you. PAT
40 is still considered young, the peak of hardwork they said was 50ish . My father still work at 60 thought it his hobby he stopped work when his leg cant stand hardwork anymore
he both farmer and goverment employes, btw now he about 65-67 and he is sti work for goverment
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #746,438
  • May 19, 2023 2:32am May 19, 2023 2:32am
May I know if you are actively trading in the Forex, Gold, Oil, or Indices Market?
  • #746,439
  • May 19, 2023 2:32am May 19, 2023 2:32am
The price is in range. Below 1.2390 probably it will go much lower. Above 1.2425 the door opens for higher, maybe 1.2470.
  • #746,440
  • May 19, 2023 2:33am May 19, 2023 2:33am
Quoting Waveskierrob
My GU FF BE @ 1.1943 getting there ....slowly
GU

Bro. this is my newbie version of the coming exciting week/months of GU.
Just a raw scatch, need comment from EW traders on this view.

As for of today, I will go LONG for price to catch up with some liquidity above water.

And this is just a view, don't take it seriously...........
Travelling doesn't help me focus on trading, as I've my eyes on other better things to watch.........
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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