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Cable Update (GBPUSD)

  • #747,681
  • May 25, 2023 3:13pm May 25, 2023 3:13pm
Quoting ForexStats
Fitch announced they may cut the U.S. credit rating due to the debt standoff in congress. Here's what happened to GBP/USD after S&P cut the U.S.'s credit rating in 2011: {image} As you can see, the reaction was very ambiguous. Here's a table of returns for major currencies over the following month, shorting USD/JPY was really the optimal trade. {image}
Please which exact date did the credit rating cut happen in 2011...?
Data + Stat + Risk/Emotions Management
  • #747,682
  • May 25, 2023 4:09pm May 25, 2023 4:09pm
Closed all trades about 10 minutes ago, before end of NY session, rather than have swap fees added on top of negative trades.
End of day, net loss of 82 pips. But, clean slate, now I get to start fresh.
Safe trading everyone!
Funded trader
  • #747,683
  • May 25, 2023 4:19pm May 25, 2023 4:19pm
Quoting Georginson
{quote} Please which exact date did the credit rating cut happen in 2011...?
August 5th, 2011
  • #747,684
  • May 25, 2023 9:16pm May 25, 2023 9:16pm
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yes yes yes
  • #747,685
  • May 25, 2023 9:21pm May 25, 2023 9:21pm
Price testing support. TP 1.26. Next buy order at 1.217.
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  • #747,686
  • May 25, 2023 9:27pm May 25, 2023 9:27pm
Quoting ashur123
Price testing support. TP 1.26. Next buy order at 1.217. {image}
last closed sell +200++ pips
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #747,687
  • Edited 10:16pm May 25, 2023 9:45pm | Edited 10:16pm
where we going no idea... wait to close all...
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btw still in test mode let u know hunt pips...
  • #747,688
  • Edited 10:45pm May 25, 2023 10:33pm | Edited 10:45pm
Quoting tradexyz
where we going no idea... wait to close all... {image} btw still in test mode let u know hunt pips...
Maybe next week we have clearer direction, my bias is UP, price telling DOWN.


Quoting ashur123
Price testing support. TP 1.26. Next buy order at 1.217. {image}
How excatly your indicator work bro? Your TP was OK but how you find entry
Buy order line/elipse is where your buy hold or adding buy if price keep going down?
and last question, thats elipse line act as support and ressistent?
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #747,689
  • May 25, 2023 11:02pm May 25, 2023 11:02pm
There's almost nothing I like about the Asian session.
Yet I can't fold my arms and not trade its frustrations.
The only and best thing I fancy about the Asian session is, for folks like me who trade without SL most times, there's not a high probability that there will be sudden moves that can blow up an account. Other than this reason, I have absolutely no liking for this bore of a trading session.
  • #747,690
  • May 25, 2023 11:08pm May 25, 2023 11:08pm
Made a long position that hold for few days if missed (Minus Position). Tired of this two week non stop trade, althought profit was good in this two weeks but drawdown was also HUGE. One wrong postition and lot could ended as MC. I'l try minimze this today
D1
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H4
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H1
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #747,691
  • May 25, 2023 11:18pm May 25, 2023 11:18pm
Quoting GODofMC
Made a long position that hold for few days if missed (Minus Position). Tired of this two week non stop trade, althought profit was good in this two weeks but drawdown was also HUGE. One wrong postition and lot could ended as MC. I'l try minimze this today D1 {image} H4{image} H1{image}

If you follow Pat Chiko, you should see 20+ pips fairly quickly but then he believes a big drop off.
A few others appear to favor a drop as well in the near term.
  • #747,692
  • May 25, 2023 11:33pm May 25, 2023 11:33pm
Quoting eyefeelsix
{quote} possibility the fifth waves for crab on 5 minutes timeframe {image}
failure crab, I took long for corrections

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https://breakpullback.com
  • #747,693
  • Edited May 26, 2023 12:22am May 25, 2023 11:38pm | Edited May 26, 2023 12:22am
Quoting dantpm
{quote} If you follow Pat Chiko, you should see 20+ pips fairly quickly but then he believes a big drop off. A few others appear to favor a drop as well in the near term.
I follow him not for position yet, but just for analysis how and when. I made my own.who know when he stop posting . We dont know how much he can handle for every position.
PAT already close his sell, if the drop come my buy limit was at his previous sell TP. Even if that buy limit triggered i still can hold about 300 pips floating till MC.
If today was dropping, i think i could hold for next whole week and may recalculate TP to higher poin above 1.24 or even 1.25. If today was UP, TP may hit and closed all PO.
The first position risk reward is still huge about 2:1. Even so my margin can still tank a lot down underwater even MCed i only risk this month profit
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one last addition, i may cut off losses if price move one sided way
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #747,694
  • May 25, 2023 11:49pm May 25, 2023 11:49pm
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  • #747,695
  • May 25, 2023 11:51pm May 25, 2023 11:51pm
Quoting eyefeelsix
{quote} failure crab, I took long for corrections {image}
there is bullish baby shark / chyper dududu .... but betterr waiting for the mother


*** bagus ya dashboard buatan anak negeri
not euphoria follower
  • #747,696
  • May 26, 2023 12:11am May 26, 2023 12:11am
Quoting mysterio
{quote} whereabouts ? i see that accumulation zone 1.2357-77 going to have trouble breaking that but we'll see what happens it's technically supply unless this was just a liquidity move below the daily lows edit-that will do, secured profits (im a scalper, said to myself i was gonna hold til 1.2480 but who am i kidding) {image}

It broke it just like i said mysterio!!!
  • #747,697
  • May 26, 2023 12:31am May 26, 2023 12:31am
The bulls are finnly here
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yes yes yes
  • #747,698
  • May 26, 2023 12:36am May 26, 2023 12:36am
Quoting Moty
The bulls are finnly here {image}


Moty, Moty , moty!!!
  • #747,699
  • May 26, 2023 12:42am May 26, 2023 12:42am
Liquidity level to the upside is 1.23880 area
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yes yes yes
  • #747,700
  • May 26, 2023 12:45am May 26, 2023 12:45am
Quoting Moty
Liquidity level to the upside is 1.23880 area {image}

i have liquidity at the 1.2378 area?????
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