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Cable Update (GBPUSD)

  • #746,461
  • May 19, 2023 3:52am May 19, 2023 3:52am
Good morning, If it break PP then it should go to 1.2470at least.. or maybe to 1.2500
  • #746,462
  • May 19, 2023 3:54am May 19, 2023 3:54am
Quoting GODofMC
{quote} Her we go {image} But already taking profit to buy some domino chips {image}
Or not.
Bears alive!
  • #746,463
  • May 19, 2023 3:55am May 19, 2023 3:55am
Quoting GODofMC
{quote} relatable, as Navk usually says, Fryday is a Sell Days. Ye shell not pass 1.2390, if it is, then moty should digging more {image}

Some people say that Friday is a one-way market, while others say that it is a sell-only market.
This is a myth and a misleading statement to the members of this community.

There is no proven record or statistic to support this claim.
The past three Fridays have shown that Friday is just another normal day in trading.
Greed and fear do not change based on the day of the week.
[Chart of the last four Friays]
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #746,464
  • May 19, 2023 3:56am May 19, 2023 3:56am
Quoting BrainBucks
{quote} Or not. Bears alive!
Its a good fight between them so far, lets see who wins.
  • #746,465
  • May 19, 2023 4:04am May 19, 2023 4:04am
Quoting Pat Chiko
{quote} Some people say that Friday is a one-way market, while others say that it is a sell-only market. This is a myth and a misleading statement to the members of this community. There is no proven record or statistic to support this claim. The past three Fridays have shown that Friday is just another normal day in trading. Greed and fear do not change based on the day of the week. [Chart of the last four Friays] {image} {image} {image} {image}
Good point. It's the difference between 'anecdotal' evidence and 'empirical' (recorded large multi-year sample size) evidence, and too often traders rely on small sample anecdotal/observational evidence to determine whether an edge exists or not.
Trader with an Edge.
  • #746,466
  • May 19, 2023 4:09am May 19, 2023 4:09am
Quoting kenny4real
{quote} OMG ...I am so sorry. You will surely recover the losses! Your charts and setups are always an inspiration to me. Even these loses, I count them as inspiration too. So thank you for showing us. It is well.
Hi Kenny,

Any set up or marked up chart by any individual is always have a 50/50 chance of winning.
Thus I believe if you have a system on how to handle trades, losses or winning will not change you attitude towrds trading.

Some mistakes are due to our own misinstrperation data or chart.
Some are beyond our control, like good news bring in opposite reaction of the currency movement.

I'm sure many here have set of rules to correctly identified the trend or any reversals.
But then, so many inexplicable paranoid fear of making a mistake, thus messing their judgement about the prediction of a particular move in the market.
Thats why is not necessary to follow other trade calls because one or two of them might be wrong ( sometimes more than two...) .

But most traders here will say that 100% full proof systems don't exist, so you have to learn to deal with these mistakes.
And you know probability theory, so you know that a system with 55% chance of winning is enough to become a billionaire.
Having rules and plan before trading helps to reduce feeling of emotion.

Best Wishes and may green pips with you all the way to becoming next top traders.

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #746,467
  • May 19, 2023 4:11am May 19, 2023 4:11am
Quoting Pat Chiko
{quote} Some people say that Friday is a one-way market, while others say that it is a sell-only market. This is a myth and a misleading statement to the members of this community. There is no proven record or statistic to support this claim. The past three Fridays have shown that Friday is just another normal day in trading. Greed and fear do not change based on the day of the week. [Chart of the last four Friays] {image} {image} {image} {image}
For me Friday means.................. ( pick a word...)
( every Friday.... hope to get all this trade over ASAP, so I can get ready early)
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #746,468
  • May 19, 2023 4:13am May 19, 2023 4:13am
Quoting Pat Chiko
{quote} Some people say that Friday is a one-way market, while others say that it is a sell-only market. This is a myth and a misleading statement to the members of this community. There is no proven record or statistic to support this claim. The past three Fridays have shown that Friday is just another normal day in trading. Greed and fear do not change based on the day of the week. [Chart of the last four Friays] {image} {image} {image} {image}
it was just for fun for me , Fry Day
When this community lost on fryday i usually make profit, but when this community made big profit, i made a big loss too on fry day
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #746,469
  • May 19, 2023 4:38am May 19, 2023 4:38am
I can scalp mf
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yes yes yes
  • #746,470
  • May 19, 2023 4:42am May 19, 2023 4:42am
Trading is not abourt BULL or BEAR.

It is mind control.
If you have a good system( after back test it for 5000 hours), I'm sure you can trade well with it.

Have ever been in a situation where unable to take a good trade because of fear, afraid to lose, not sure and wait for validation, confirmation or seeing how other traders coming in with thousand of interpretation of thier own......
Read my previous post again, you may find deeping meaning to that.

Here is the post :
Quoting Pat Chiko
{quote} Two versions of fear impair traders: the fear of losing money and the fear of missing opportunity. Out of fear of losing money, traders will avoid buying weak markets or selling strong ones; they will stop out of long trades on weakness and exit short trades on strength. Out of fear of missing opportunity, traders will buy markets when they're up and sell them when they're down. .- Sang Real "
BTW, there is no bull or bear in the market, just boar.
Look at this.

Market in In theory
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Market in reality.
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Choose your weapon...........and fight it like a men.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #746,471
  • May 19, 2023 4:49am May 19, 2023 4:49am
GU: H4
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Intraday Trading is an Art _ hoda
  • #746,472
  • May 19, 2023 4:56am May 19, 2023 4:56am
...upside breach of the then potential sbr -ie weds lo and the prev 1hr sw hi that had developed there (now pot rbs) .... current dly hi @ a 1hr desc t/line in a prev minor 30min sw hi zone, above that more pot res/sbr on the 1hr t/f.

1hr below
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Trader with an Edge.
  • #746,473
  • May 19, 2023 4:57am May 19, 2023 4:57am
Quoting GODofMC
{quote} Her we go {image} But already taking profit to buy some domino chips {image}
yup yup, it was an UP. near my target. But i stop this week, may trade next week
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #746,474
  • May 19, 2023 5:13am May 19, 2023 5:13am
Quoting Pat Chiko
{quote} Some people say that Friday is a one-way market, while others say that it is a sell-only market. This is a myth and a misleading statement to the members of this community. There is no proven record or statistic to support this claim. The past three Fridays have shown that Friday is just another normal day in trading. Greed and fear do not change based on the day of the week. [Chart of the last four Friays] {image} {image} {image} {image}
Also, sell what? GBP or USD?
  • #746,475
  • May 19, 2023 5:19am May 19, 2023 5:19am
Pound-dollar long positions are profitable with chicken hearts. It was eaten more than I thought, so I will close it once and see how it goes. +11.9 pips
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  • #746,476
  • May 19, 2023 5:24am May 19, 2023 5:24am
Bulls are waking up must be smelling something good to eat
Insane in the Brain..
  • #746,477
  • May 19, 2023 5:25am May 19, 2023 5:25am
Support is holding at a key lvl....risk to reward favors going long !!!
  • #746,478
  • May 19, 2023 5:33am May 19, 2023 5:33am
...Bulls grinding it out atm, last few fractal prints on 4hr are LL (y/day's lo,) LH, =LL, and what will be a H when it prints. I am guessing bulls could do with a break and clear of the main recent 4hr/dly desc t/line that joins current yrly hi 2679 with 2510, for some comfort. A HL wouldn't hurt either lol.

4hr below
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Trader with an Edge.
  • #746,479
  • May 19, 2023 5:41am May 19, 2023 5:41am
Quoting Headland
...Bulls grinding it out atm, last few fractal prints on 4hr are LL (y/day's lo) LH, =LL, and what will be a H when it prints. I am guessing bulls could do with a break and clear of the main recent 4hr/dly desc t/line that joins current yrly hi 2679 with 2510, for some comfort. A HL wouldn't hurt either lol. 4hr below {image}
agree a HL in the region of 12480-12530 be a good place to let it rest tonight

there is some news later at 4pm UK time which could blow it out of proportion though.
Insane in the Brain..
  • #746,480
  • May 19, 2023 5:45am May 19, 2023 5:45am
Powell too has the potential to tank the dollar
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