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Cable Update (GBPUSD)

  • #752,041
  • Jun 15, 2023 7:49am Jun 15, 2023 7:49am
Small risk nice reward
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Was slipping off the edge but i held up.
  • #752,042
  • Jun 15, 2023 7:51am Jun 15, 2023 7:51am
Quoting ObadaAdel
{quote} Hello, sir. I wanted to ask you a quick question, do you trade against or with the traders' sentiment provided by a lot of websites or brokerages? Cheers.
None of the above. When I followed others I lost money. I had to step out on my own. My basis for trading is elliot waves, but I then incorporate fundamentals to support the chart. My entries are usually on waves 2 and 4. So basically I counter trade the counter traders. Meaning I get into trends on the retracements. Waves 2 and 4 I find the easiest to locate because they are both counter trends. To identify them I put a channel around the trend and wait for price to exit that channel. When it does I FIB the move and watch for s/r around the key levels. That's really it. I use 3 SMA's and the Macd for scalping. I also have one of those nifty Elliot wave indicators like the above gentleman, except mine was free. I use it to ballpark my limit orders. Two biggest things to save my account. Money management and Elliot waves.
Don't compare your trades to others. Most often the masses are the asses
  • #752,043
  • Jun 15, 2023 7:52am Jun 15, 2023 7:52am
Quoting Alevsky017
{quote} DXY isn‘t in a downtrend
Agreed. I wouldn't be surprised if it passes 130s and up in the next two years....
Lost....
  • #752,044
  • Jun 15, 2023 7:53am Jun 15, 2023 7:53am
So US red data from DailyFX was better than expected. EU data was as expected and yet GU going up. A bit confused.com here
Insane in the Brain..
  • #752,045
  • Jun 15, 2023 7:54am Jun 15, 2023 7:54am
Quoting Elysion
GU stalled. Other pairs are moving. This is fishy.
Be patient bro
Wait 1 hour if whether it swep today low or high
Cheers
my loss is your gain
  • #752,046
  • Jun 15, 2023 7:58am Jun 15, 2023 7:58am
Quoting BeeTogether
So US red data from DailyFX was better than expected. EU data was as expected and yet GU going up. A bit confused.com here
Because fundamentals are a mirage to make you trade worse.

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  • #752,047
  • Jun 15, 2023 7:59am Jun 15, 2023 7:59am
Quoting Cetka
{quote} How are you reading that? The DXY is in a downtrend with valid retracements. Based on it I think we are looking long EU GU and a new lower low for DXY.
Ahh yes. The musings of a newly birthed trader. You my friend are looking at the lower time frames. I am thinking 1m - 30m? Expand your horizons. Look at the Daily. The 4hr. These charts will show you the true trend. The dollar is and has been Bullish for a while. The bearish activity you see is simply those taking profits from that long run, and folks like yourself, as well as others who think they can spot tops.
Don't compare your trades to others. Most often the masses are the asses
  • #752,048
  • Jun 15, 2023 8:05am Jun 15, 2023 8:05am
I will live or die on this trade
Get margin called or get to break even
I don't care
Fuck it
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yes yes yes
  • #752,049
  • Jun 15, 2023 8:05am Jun 15, 2023 8:05am
Quoting OBsayMkMoney
{quote} Ahh yes. The musings of a newly birthed trader. You my friend are looking at the lower time frames. I am thinking 1m - 30m? Expand your horizons. Look at the Daily. The 4hr. These charts will show you the true trend. The dollar is and has been Bullish for a while. The bearish activity you see is simply those taking profits from that long run, and folks like yourself, as well as others who think they can spot tops.
Dont be to sure about that, us dollar is tumbeling and the end is not near. Currencies like Gbp and Euro strongly on the rise against the Usd imo and what the charts tell me, especially the monthly/weekly charts.
Was slipping off the edge but i held up.
  • #752,050
  • Jun 15, 2023 8:14am Jun 15, 2023 8:14am
So...is this range going to hold or are we revisiting the high of yesterday?
  • #752,051
  • Jun 15, 2023 8:15am Jun 15, 2023 8:15am
Quoting Wavegarrick
{quote} Have to love it when a plan comes together Trade safe. {image}
Update on my trades from yesterday.
I am getting bullish hints from an hourly perspective.
Cheers.
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Trade to trade another day
  • #752,052
  • Jun 15, 2023 8:15am Jun 15, 2023 8:15am
Quoting Moty
I will live or die on this trade Get margin called or get to break even I don't care Fuck it {image}
possible movement goes UP
Still wondering how to close this order
If this goes down, may MC because need a lot time to close this

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Ok done set TP for $7, dont be greedy
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #752,053
  • Jun 15, 2023 8:16am Jun 15, 2023 8:16am
Quoting Elysion
Any comments? I'm still re-entering shorts This looks like a inducement for liquid. Got stop hunted Price currently stopped at 1.267 again.
Wait for the another 4hr candle to close.
  • #752,054
  • Jun 15, 2023 8:16am Jun 15, 2023 8:16am
Quoting JustPipping
{quote} Dont be to sure about that, us dollar is tumbeling and the end is not near. Currencies like Gbp and Euro strongly on the rise against the Usd imo and what the charts tell me, especially the monthly/weekly charts.

OK
Don't compare your trades to others. Most often the masses are the asses
  • #752,055
  • Jun 15, 2023 8:17am Jun 15, 2023 8:17am
Sold 1.2675... target 1.2600... if yesterday high doesn't get taken out within 4 hours, it means we may have seen the high for this week and 130 pips sell off to 1.2570 will be very possible.
Data + Stat + Risk/Emotions Management
  • #752,056
  • Jun 15, 2023 8:17am Jun 15, 2023 8:17am
Quoting OBsayMkMoney
{quote} Ahh yes. The musings of a newly birthed trader. You my friend are looking at the lower time frames. I am thinking 1m - 30m? Expand your horizons. Look at the Daily. The 4hr. These charts will show you the true trend. The dollar is and has been Bullish for a while. The bearish activity you see is simply those taking profits from that long run, and folks like yourself, as well as others who think they can spot tops.
I don't really look at the charts. I got a buddy on the inside, he's feeding me info on the next move. He is like a tech guy, the guy on the Short/Long button. Before he clicked Long for the pair in the system, he let me know.
  • #752,057
  • Jun 15, 2023 8:17am Jun 15, 2023 8:17am
Quoting Wavegarrick
{quote} Update on my trades from yesterday. I am getting bullish hints from an hourly perspective. Cheers. {image}
Likely be sideways between 1.2670 - 1.2550.
  • #752,058
  • Jun 15, 2023 8:17am Jun 15, 2023 8:17am
Quoting Yngwie
Sold 1.2670 SL 1.2710 TP 1.2615
Luckily i closed early 20p from this before news. only 1 from 3 bad USD news but shitty news reaction
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #752,059
  • Jun 15, 2023 8:19am Jun 15, 2023 8:19am
Quoting OBsayMkMoney
{quote} Ahh yes. The musings of a newly birthed trader. You my friend are looking at the lower time frames. I am thinking 1m - 30m? Expand your horizons. Look at the Daily. The 4hr. These charts will show you the true trend. The dollar is and has been Bullish for a while. The bearish activity you see is simply those taking profits from that long run, and folks like yourself, as well as others who think they can spot tops.
Sometimes the most important part gets missed, so highlighting it..
Don't compare your trades to others. Most often the masses are the asses
  • #752,060
  • Jun 15, 2023 8:20am Jun 15, 2023 8:20am
Quoting Cetka
{quote} I don't really look at the charts. I got a buddy on the inside, he's feeding me info on the next move. He is like a tech guy, the guy on the Short/Long button. Before he clicked Long for the pair in the system, he let me know.
The force is strong in this one. The dark side it calls
Don't compare your trades to others. Most often the masses are the asses
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