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Cable Update (GBPUSD)

  • #749,421
  • Jun 3, 2023 11:11pm Jun 3, 2023 11:11pm
Quoting Nala66
{quote} Why is it unhealthy? Just because it doesn't match your narrative.
what is unhealthy for me is healthy for some one.

You are right.

Holiday topic is unhealthy for me. ( and for most who do not participate )
Intraday only.
  • #749,422
  • Jun 3, 2023 11:38pm Jun 3, 2023 11:38pm
On a side note :

We had wonderful Saturday here since 8 AM local time. Returned home around 5 PM. Drove around 150 km from home.

We, a group of around 150 members met in a common place, where we had discussed things, enjoyed lots of home made food, volunteered by members.

We had meanigful , wonderful & fun filled meet after a long time.

No trading, no loss, no bickering. ( ha..ha.. )
Intraday only.
  • #749,423
  • Jun 4, 2023 1:18am Jun 4, 2023 1:18am
Quoting eyefeelsix
{quote} the correct level in sl will not be easy to broken, now the price back to the cage --- atm 50% partial close and trailing stop hold for the next week, Cya! {image}
slightly more detailed scenario for the next week ( swing only )
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 52 KB
https://breakpullback.com
  • #749,424
  • Edited 1:46am Jun 4, 2023 1:35am | Edited 1:46am
Quoting Nala66
{quote} I do worry about it all the time. I cry like a baby if the market takes a single dollar from me. If not for profit, then why trade in the first place. Some of us here like to share our stuff for the benefit of those struggling, as we sow so shall we reap. To that end just master the three types of trades on the chart below and you will easily get out of the rut you are in. Or you can continue with the sharp stick in the eye if that is your choice. {image} This chart read in conjunction with higher and lower time frames is a master class...
I have a feeling that you only come here to make some jelous noise becouse you are angry that you have not so good traffic in your thread like here is, arent you? When you want expose your master class please post your view with entry, SL and TP and become a star or not
People don't plan to lose. They lose because they don't plan.
  • #749,425
  • Jun 4, 2023 3:49am Jun 4, 2023 3:49am
Dont quit

Inserted Video
Don't compare your trades to others. Most often the masses are the asses
  • #749,426
  • Jun 4, 2023 4:43am Jun 4, 2023 4:43am
Can someone please tell me what the average weekly range is for GU this year if you have that info to hand. Thanks. Even better if you can recommend an indicator for mt4 or tradingview.
  • #749,427
  • Jun 4, 2023 4:51am Jun 4, 2023 4:51am
Quoting ScalaFX
{quote} I have a feeling that you only come here to make some jelous noise becouse you are angry that you have not so good traffic in your thread like here is, arent you? When you want expose your master class please post your view with entry, SL and TP and become a star or not
This is not even worth an answer.

The chart I showed does show the entries, targets, stops, timing and money management.
  • #749,428
  • Jun 4, 2023 5:17am Jun 4, 2023 5:17am
Quoting mysterio
Can someone please tell me what the average weekly range is for GU this year if you have that info to hand. Thanks. Even better if you can recommend an indicator for mt4 or tradingview.
Georginson! He considers himself a GU historian and I agree with him.
  • #749,429
  • Jun 4, 2023 6:09am Jun 4, 2023 6:09am
Quoting Nala66
{quote} I think you miss the point relating to the 40 pips. That was just mentioned as the example, but pips are pips and profits are something entirely different requiring discipline and strategy not the psychology most people get themselves involved with. (I am generalizing here) Caratacus was using wishful thinking with his much larger army thinking he could defeat the discipline and strategy of the Roman legions. To the Romans it was business with tried and tested positive results whereas Caractacus was just pissing into the wind. We should...
The news does not give the facts, the theories do not either it is the charts that are telling the story, but traders need to comprehend the language of the charts.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 2 KB
To free Gazans of Hamas, use whatever it takes.
  • #749,430
  • Jun 4, 2023 6:10am Jun 4, 2023 6:10am
Quoting mysterio
Can someone please tell me what the average weekly range is for GU this year if you have that info to hand. Thanks. Even better if you can recommend an indicator for mt4 or tradingview.
Is there any special reason why the ATR on meta is not a good enough approximation for this?
  • #749,431
  • Jun 4, 2023 6:26am Jun 4, 2023 6:26am
Quoting Nala66
{quote} When I have the time and the inclination, I do express my reasoning behind the trades and have made thousands of posts detailing my methods. However, when I am trading, I have neither the time nor the inclination because it takes a lot of effort to monitor the real time situations. Better to learn how to fish for life than to be gifted a fish for a meal. I just checked and see I have made over 5 thousand thread replies so what is cryptic about this so I can address any problem you may have regarding my methods.
Better to learn how to fish for life than to be gifted a fish for a meal.
WHAT??
What are these cryptic words that you have gifted us? Are they some incantation to be recited in an unholy ceremony, calling upon the devil himself to reward us? Or perhaps a cypher, with words and letters to be turned 'round and about until the true meaning and intent illuminate a grand reward?
To free Gazans of Hamas, use whatever it takes.
  • #749,432
  • Jun 4, 2023 7:03am Jun 4, 2023 7:03am
Quoting DrDave
{quote} Better to learn how to fish for life than to be gifted a fish for a meal. WHAT?? What are these cryptic words that you have gifted us? Are they some incantation to be recited in an unholy ceremony, calling upon the devil himself to reward us? Or perhaps a cypher, with words and letters to be turned 'round and about until the true meaning and intent illuminate a grand reward?
Whatever turns you on Doc.
  • #749,433
  • Jun 4, 2023 7:41am Jun 4, 2023 7:41am
Quoting DrDave
{quote} Better to learn how to fish for life than to be gifted a fish for a meal. WHAT?? What are these cryptic words that you have gifted us? Are they some incantation to be recited in an unholy ceremony, calling upon the devil himself to reward us? Or perhaps a cypher, with words and letters to be turned 'round and about until the true meaning and intent illuminate a grand reward?
Thats some poetry right there bro
  • #749,434
  • Jun 4, 2023 8:58am Jun 4, 2023 8:58am
Friday provided hourly support at 2440.

Watchout this level for possible retrace up...first.

I want to see if this level holds ( 4 hr support )
Intraday only.
  • #749,435
  • Jun 4, 2023 9:32am Jun 4, 2023 9:32am
Quoting mysterio
Can someone please tell me what the average weekly range is for GU this year if you have that info to hand. Thanks. Even better if you can recommend an indicator for mt4 or tradingview.
ATR is more than enough.
Just find out how to use it and fine tune it to your need.
  • #749,436
  • Jun 4, 2023 11:03am Jun 4, 2023 11:03am
Quoting navk
Friday provided hourly support at 2440. Watchout this level for possible retrace up...first. I want to see if this level holds ( 4 hr support )


What is your short term and long term target on gu
  • #749,437
  • Jun 4, 2023 11:10am Jun 4, 2023 11:10am
Quoting Black-Star
Long term, it seems like Cable may be bearish but short term probably a minor rally by the bulls to 1,2500 area. So I think price may first trade back into the range before the next significant move by the bears. Let's see how the market behaves Charts: D1, H4, H1 {image} {image} {image}
So the rally by the Bulls to 1,2500 played out well last week but looking at Price Action it seems likes bulls are not yet done with the minor uptrend. Seems like bulls want to push price higher. My view is that Cable may decline slightly to 1,2410 zone before Bulls continue with their rally to 1,2600 area. From 1,2600 is where I think Bears may take control and begin the downtrend

Let's see how the market unfolds

Charts: D1, H4, H1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD D1 04-06-2023.png Size: 49 KB
Click to Enlarge Name: GBPUSD H4 04-06-2023.png Size: 66 KB
Click to Enlarge Name: GBPUSD H1 04-06-2023.png Size: 58 KB
  • #749,438
  • Jun 4, 2023 11:17am Jun 4, 2023 11:17am
Quoting shakmoney
{quote} What is your short term and long term target on gu
I do not trade based on target price level though I follow daily pivot levels and support/resistance as guideline.

I exit from trades based on :

1) Enough profit ( 0.6 to 2 % of capital ) is made in a day

2) Quit trading for a particular day if my risk level ( 3 to 3.5 % ) is met
Intraday only.
  • #749,439
  • Jun 4, 2023 1:01pm Jun 4, 2023 1:01pm
3 waves out of 6 been performed. Expect recent high to be surpassed.
POSTMASTER
  • #749,440
  • Jun 4, 2023 1:16pm Jun 4, 2023 1:16pm
Quoting mysterio
Can someone please tell me what the average weekly range is for GU this year if you have that info to hand. Thanks. Even better if you can recommend an indicator for mt4 or tradingview.
i added you to my indicator room on telegram. you should find the ADR and WTR in there
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