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Cable Update (GBPUSD)

  • #749,681
  • Jun 5, 2023 10:34am Jun 5, 2023 10:34am
For tuesday, the price can get close to 2480 This can happen after price tests close to today current low.

Tuesday range 2365 /70 to 2480 as it stands now.

I will not be doing short ( stupid trade ) for me today...but will have a look in asia ( tokyo ) open to short few.
Intraday only.
  • #749,682
  • Jun 5, 2023 10:37am Jun 5, 2023 10:37am
Quoting Whale
{quote} This trade base on impulsive wave on dxy. Since no new high nothing to bother posted the chart when price was below the discount line. {image}
Whale I think you could probably just sit back this week and let the profits roll in

small correction tomorrow early I think then I think we can go to 25th low

today was stressful but my buy including an addon at 1.24 has left me in a small profit for the day

time to erase this day from memory and start fresh tomo
  • #749,683
  • Jun 5, 2023 10:43am Jun 5, 2023 10:43am
Quoting Bella.al
{quote} S/L is hit -24 Pips . -Bella
The losses don't really matter if it is manageable and small,even if we get it couple of times consecutively.
One trade will eventually recover all the tiny losses and will also put the account into a decent % gain.
At this point, when you will look back and connecting all the dots, it will be all worth it.
More time in the market, does not mean you trade better!
  • #749,684
  • Jun 5, 2023 10:43am Jun 5, 2023 10:43am
Quoting OBsayMkMoney
{quote} I don't know about the rest of folks, but I personally have seen some correlation for Mondays. Today for instance I called for the dollar to be flat today overall. Bullish during Asia and Europe, and bearish during US, turning bullish again. This was based off of last week's Bullish move, and Friday's PA. For me any move the dollar makes the previous week either get's faded on the coming Monday, or it goes sideways. I have yet to see it continue up unless the market is closed in a country. Nothing is of course written in stone, but I personally...
What i noticed is Monday is most likely to be either a range day or 'swing to Z' day (like today, dip below daily low then recovery to daily open)
Tuesday most likely to be classic buy or classic sell day (fakeout to trap traders then complete ADR opposite direction)
This is if there is no major news events

I do think its really important to try and map out what kind of day it will be in advance given all the info you have in front of you but its not just as simple as the day of the week, depends on HVNs, dollar situation, everything. This is only if you're an intraday/scalper trader. I do not think the outcome of the news has anything to do with the recovery in the afternoon.

I don't have any stats this is just impressions from 3.5ish years full time trading and is not any kind of gospel truth. Everyone will have their own impressions which make up their edge.
  • #749,685
  • Jun 5, 2023 10:50am Jun 5, 2023 10:50am
Quoting OBsayMkMoney
{quote} I don't know about the rest of folks, but I personally have seen some correlation for Mondays. Today for instance I called for the dollar to be flat today overall. Bullish during Asia and Europe, and bearish during US, turning bullish again. This was based off of last week's Bullish move, and Friday's PA. For me any move the dollar makes the previous week either get's faded on the coming Monday, or it goes sideways. I have yet to see it continue up unless the market is closed in a country. Nothing is of course written in stone, but I personally...
Correlations come and go. Everything is programmable and the liquidity providers dont like to lose money.
Imagine a train of lemmings coming in on monday buying liquidity from the banks only to sell it off at a higher price later in the day cause of a correlation. The banks got ways and professionals to off-set this risk.
If all were true what is read in trading books and from gurus, we all would be robbing the bank every day every week every year.
Yet we aren’t.
You have an IQ lower than 90 if you interact with this user.
  • #749,686
  • Jun 5, 2023 10:52am Jun 5, 2023 10:52am
Quoting Pat Chiko
{quote} GU ( Real Time / Post sight trader - Not Hind sight) Newbie trying some luck with Scalping SHORT{image}
GU

Real Time not hind sight

Closed scalp SHORT.
Going LONG

MSS with BPR set up for LONG.
BOS on former H4 TF.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 018.jpg Size: 240 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #749,687
  • Jun 5, 2023 10:53am Jun 5, 2023 10:53am
Anyone in here working with a FUNDED account? I am considering it. Want to know if anyone can recommend a good source as I doubt they are all the same.
Don't compare your trades to others. Most often the masses are the asses
  • #749,688
  • Jun 5, 2023 10:56am Jun 5, 2023 10:56am
Quoting mysterio
{quote} What i noticed is Monday is most likely to be either a range day or 'swing to Z' day (like today, dip below daily low then recovery to daily open) Tuesday most likely to be classic buy or classic sell day (fakeout to trap traders then complete ADR opposite direction) This is if there is no major news events I do think its really important to try and map out what kind of day it will be in advance given all the info you have in front of you but its not just as simple as the day of the week, depends on HVNs, dollar situation, everything. This...
My name is ObsayMKMoney, and I endorse this.
Don't compare your trades to others. Most often the masses are the asses
  • #749,689
  • Jun 5, 2023 10:57am Jun 5, 2023 10:57am
Quoting Fardeen1209
{quote} The losses don't really matter if it is manageable and small,even if we get it couple of times consecutively. One trade will eventually recover all the tiny losses and will also put the account into a decent % gain. At this point, when you will look back and connecting all the dots, it will be all worth it.
Yes, They are making me angry but i will Behave.

Back to working on the system , it has till v2.0 Features currently at v1.1 .

-Bella
Goddess of Thunder..
  • #749,690
  • Jun 5, 2023 10:57am Jun 5, 2023 10:57am
Quoting Pat Chiko
{quote} GU Real Time not hind sight Closed scalp SHORT. Going LONG MSS with BPR set up for LONG. BOS on former H4 TF.{image}
GU Real Time

MSS + BPR set up
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #749,691
  • Jun 5, 2023 10:57am Jun 5, 2023 10:57am
Sellable price is 1.2468 - 1.2500...
Buyable price is 1.2326 - 1.2290...
Data + Stat + Risk/Emotions Management
  • #749,692
  • Jun 5, 2023 10:58am Jun 5, 2023 10:58am
Yes yes yes
Be and now let's tp that mf
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yes yes yes
  • #749,693
  • Jun 5, 2023 11:02am Jun 5, 2023 11:02am
i have never seen the most difficult level to trade than half point its even difficult when half point is same as quarter point

meaning half point of 1000pips range
quarter point of 10000 pips range
Attached Image
MY OPINION NOT FINANCIAL ADVISE
  • #749,694
  • Jun 5, 2023 11:04am Jun 5, 2023 11:04am
I should be content with certain % profit.... it can be 0.5 % to 1.5 % to 2 % ....

Today, I made 2 %.

The floating loss was close to 1 .2 % which is within limits.

On some days.. i have witnessed 2 % profit and when we do not know when or where the price will reverse or retrace.. we give up profits earned.

lol

Greediness and overcofidence are enemy to my trading.
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Intraday only.
  • #749,695
  • Jun 5, 2023 11:05am Jun 5, 2023 11:05am
Quoting donfriday
i have never seen the most difficult level to trade than half point its even difficult when half point is same as quarter point meaning half point of 1000pips range quarter point of 10000 pips range {image}
very well done.

Could have held on to my longs for more time... but i was content
Intraday only.
  • #749,696
  • Jun 5, 2023 11:05am Jun 5, 2023 11:05am
Done for the day. I chased price and lucky to end in profit.
Let's have a better day tomorrow.
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Funded trader
  • #749,697
  • Jun 5, 2023 11:05am Jun 5, 2023 11:05am
Quoting Coreg2004
{quote} donfriday, greedy, greedy.... On 30M TF if you run HL in the consolidation zone thru as many bars as possible you can have for your own use the POC of the zone without having a market profile on the chart. {image}
dongreedy
MY OPINION NOT FINANCIAL ADVISE
  • #749,698
  • Jun 5, 2023 11:07am Jun 5, 2023 11:07am
Quoting Whale
Il waiting for new HH before short again Above 1.2432
now its ok to look for 1m structure shift for short side
  • #749,699
  • Jun 5, 2023 11:07am Jun 5, 2023 11:07am
Quoting navk
{quote} very well done. Could have held on to my longs for more time... but i was content

better to follow ur rules that's the goal to consistency.


you have earned it.
MY OPINION NOT FINANCIAL ADVISE
  • #749,700
  • Jun 5, 2023 11:08am Jun 5, 2023 11:08am
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I need to take these type of trades on my prop account - but never do.
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