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Cable Update (GBPUSD)

  • #752,381
  • Edited 5:29am Jun 16, 2023 5:09am | Edited 5:29am
Quoting Georginson
{quote} I mean it is rare for me to have such a big drawdown since mid February, my maximum drawdown has been 12.53%... I caused this big drawdown though, I knew it's a buy and yet kept selling in the last month of the second quarter. 1.2774 was clear as day and yet I kept selling from 1.26.... I consider myself a shitty trader for this nonsensical decisions.
LOL. But as long as you have reasonable trade management and money management skills, your nonsenical decisions can still end positive. Afterall, trading is more about trade management than about making good entries.
To free Gazans of Hamas, use whatever it takes.
  • #752,382
  • Jun 16, 2023 5:13am Jun 16, 2023 5:13am
Sold a bit here - we'll see if the flag breaks down
  • #752,383
  • Jun 16, 2023 5:13am Jun 16, 2023 5:13am
...4hr part of the prev 1hr/4hr sw hi zone that provided the support (rbs) on the dip down from current dly hi-2818. Can the bulls make a new current dly/yrly hi today? Struggling so far!

4hr below
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Trader with an Edge.
  • #752,384
  • Jun 16, 2023 5:14am Jun 16, 2023 5:14am
I also creeped in a bit current short avg. 1.27955, let's see if we all get busted to the upside, lol
  • #752,385
  • Jun 16, 2023 5:21am Jun 16, 2023 5:21am
Anyone trading with prop firms?
I remember navk is, any recommendation of it? You can DM me maybe to not breach the rules & regulation of FF.

Kinda tired of building small capital account.
FTMO is kinda on the expensive side and I heard there are some issues going on.
Exhausted
  • #752,386
  • Jun 16, 2023 5:24am Jun 16, 2023 5:24am
Quoting Elysion
Anyone trading with prop firms? I remember navk is, any recommendation of it? You can DM me maybe to not breach the rules & regulation of FF. Kinda tired of building small capital account. FTMO is kinda on the expensive side and I heard there are some issues going on.
I used to for a start up where I live. Honestly, hated it. The capital comes with its own form of costs; in my experience I could not stand my immediate manager, neither could most traders. When I jumped ship so did 3 other traders.

That's just my small experience so its not much to go off. Just do keep in mind you will be working for someone else, so a lot of non-monetary perks of trading will be lost. Although mine was before COVID so things could have changed.
  • #752,387
  • Jun 16, 2023 5:24am Jun 16, 2023 5:24am
Quoting Elysion
Anyone trading with prop firms? I remember navk is, any recommendation of it? You can DM me maybe to not breach the rules & regulation of FF. Kinda tired of building small capital account. FTMO is kinda on the expensive side and I heard there are some issues going on.
Just started FTMO challenge today.
  • #752,388
  • Jun 16, 2023 5:24am Jun 16, 2023 5:24am
Quoting Elysion
Anyone trading with prop firms? I remember navk is, any recommendation of it? You can DM me maybe to not breach the rules & regulation of FF. Kinda tired of building small capital account. FTMO is kinda on the expensive side and I heard there are some issues going on.
We also have my forex funds.
Dont know about them, just heard of them.
Not using any prop firms
More time in the market, does not mean you trade better!
  • #752,389
  • Jun 16, 2023 5:25am Jun 16, 2023 5:25am
Quoting Elysion
{quote} I have only drawn up chart for EURAUD. Not too free for GBPAUD but they were pretty much moving in similar method. {image}

Thanks for the beautiful chart you got there.

EUR AUD

It may goes up to "kink" for another round of accumulation before going for H4FVG
It need refueling to go up
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #752,390
  • Jun 16, 2023 5:26am Jun 16, 2023 5:26am
Quoting JackintheBox
{quote} And have you looked on daily? I'm an intra-day trader. If you would have read my posts carefully you would have seen that I'm talking about about last days intra-day. Cheers
I guessed that you likely were referring to intra-day. And again, after examining Weekly and Monthly TFs and observing where they are in their current swings and progressing "as usual", then we can also say that the Daily and smaller TFs are behaving as expected. That is, they are supporting the Weekly and Monthly progression. And when such big TFs are at play, the smaller TFs MUST maintain a direction bias that support the Weekly and Monthly. Afterall, the smaller TFs ARE the Weekly and Monthly, simply viewed at a different scaling level.
To free Gazans of Hamas, use whatever it takes.
  • #752,391
  • Jun 16, 2023 5:44am Jun 16, 2023 5:44am
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yes yes yes
  • #752,392
  • Jun 16, 2023 5:55am Jun 16, 2023 5:55am
...5min area of activity for last couple of hours

5min below
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Trader with an Edge.
  • #752,393
  • Jun 16, 2023 5:55am Jun 16, 2023 5:55am
Quoting cablekingdom
I feel we are all thinking that volume on upside is drained out & now GU will head south, i am sure market will react 100% in opposite direction, GU will still head to 1.2860 today, that's what mkt is doing fr past few days, in 2 hrs from now GU will head north--- just my view which is not based on technical or fundamental --- it's just that market is not aligned with any technical or fundamental
if you find the right technical analysis method, the possible direction can be revealed. I think that bear is the right direction now.
at least H1.
  • #752,394
  • Jun 16, 2023 5:57am Jun 16, 2023 5:57am
Quoting Moty
{image}
Moty very soon it will break down and drop hard.
  • #752,395
  • Jun 16, 2023 6:02am Jun 16, 2023 6:02am
Quoting Mitiblotch
{quote} Moty very soon it will break down and drop hard.
Agree, just hope it doesnt take my stop before it does.
  • #752,396
  • Jun 16, 2023 6:02am Jun 16, 2023 6:02am
Quoting Headland
...5min area of activity for last couple of hours 5min below {image}
Looks like a distribution in the 5miins with wider falling candles
More time in the market, does not mean you trade better!
  • #752,397
  • Jun 16, 2023 6:03am Jun 16, 2023 6:03am
Quoting Fardeen1209
{quote} Looks like a distribution in the 5miins with wider falling candles
Hi, hard to say really.
Trader with an Edge.
  • #752,398
  • Jun 16, 2023 6:04am Jun 16, 2023 6:04am
GU: Can we see it as a gradual rise?
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  • #752,399
  • Jun 16, 2023 6:08am Jun 16, 2023 6:08am
Quoting Mitiblotch
{quote} Moty very soon it will break down and drop hard.
what do you mean Miti!? Why?
You have an IQ lower than 90 if you interact with this user.
  • #752,400
  • Jun 16, 2023 6:11am Jun 16, 2023 6:11am
Looking for more opportunities to continue going long to the next major quarter 1.29.
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