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Cable Update (GBPUSD)

  • #754,321
  • Jun 26, 2023 12:40pm Jun 26, 2023 12:40pm
Quoting Ferna
{quote} what kind of news do you mean?
Hot News, economic data..
Any news that cause price to move.
More precisely the unknown one (the not yet release)
More time in the market, does not mean you trade better!
  • #754,322
  • Jun 26, 2023 12:44pm Jun 26, 2023 12:44pm
Sticky Inflation

Americans say they need $1.27 million to retire
Using the 4% Rule, that's $50,800 a year to live on per year.

Traders need $2.5 million to retire then?
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #754,323
  • Jun 26, 2023 12:50pm Jun 26, 2023 12:50pm
Quoting Fardeen1209
{quote} Hot News, economic data.. Any news that cause price to move. More precisely the unknown one (the not yet release)
the transaction cause the price movement, the news set up the conditions for it.
You have an IQ lower than 90 if you interact with this user.
  • #754,324
  • Jun 26, 2023 12:53pm Jun 26, 2023 12:53pm
Quoting pipfarm
PA terrible, hence i leave pa alone when it is corrective/corrective on the next HTF
Would like to tell AU the same, but Auzzie is worse.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #754,325
  • Jun 26, 2023 12:55pm Jun 26, 2023 12:55pm
Quoting Fardeen1209
{quote} You still holding those USDCHF shorts bro? First time i'm able to make it through weekend holding my UC shorts. I was just worry about GAP beyond my Stop Loss level on Monday Open GU been flat for a while now, no decent trade setup seems to appear atm. Last Day to trade GU was BOE rate release
Few more to let go.
Already cash out most.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #754,326
  • Jun 26, 2023 1:06pm Jun 26, 2023 1:06pm
Quoting Pat Chiko
Sticky Inflation Americans say they need $1.27 million to retire Using the 4% Rule, that's $50,800 a year to live on per year. Traders need $2.5 million to retire then?{image}
Do you see other face beside Washington's face? What is up with all those number 12?
  • #754,327
  • Jun 26, 2023 2:12pm Jun 26, 2023 2:12pm
What goes up must come down
You have an IQ lower than 90 if you interact with this user.
  • #754,328
  • Jun 26, 2023 2:25pm Jun 26, 2023 2:25pm
Back from Glastonbury bumped into me old mate ninner...
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  • #754,329
  • Jun 26, 2023 2:25pm Jun 26, 2023 2:25pm
Quoting Pat Chiko
Sticky Inflation Americans say they need $1.27 million to retire Using the 4% Rule, that's $50,800 a year to live on per year. Traders need $2.5 million to retire then?{image}
You can retire already then!
  • #754,330
  • Jun 26, 2023 2:38pm Jun 26, 2023 2:38pm
Quoting Wavegarrick
{quote} As anticipated, the pullback to my weekly pivot just below 1.27500 played out to the pip which got me into one more sell trade. Right now I am setting up for a sell trade from an hourly perspective. It must be noted though that 1.27000 is holding strong at the moment and a daily close below could change bull fortunes. We shall see. Trade well. {image}
Still setting up for short trades and to my dislikers I am real from the first buy trade posted 6 months ago in this forum to now. Follow your own trades Folks but do not be dissuaded by the haters. They have an agenda.
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I have 11 buy trades and 15 sell trades to offset my bias currently. My buy trades are over 19000 pips and growing. Be yourself and trade your trades. 1.26000 remains my target.
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Cheers.y
Trade to trade another day
  • #754,331
  • Jun 26, 2023 2:55pm Jun 26, 2023 2:55pm
Quoting Wavegarrick
{quote} Still setting up for short trades and to my dislikers I am real from the first buy trade posted 6 months ago in this forum to now. Follow your own trades Folks but do not be dissuaded by the haters. They have an agenda. {image} I have 11 buy trades and 15 sell trades to offset my bias currently. My buy trades are over 19000 pips and growing. Be yourself and trade your trades. 1.26000 remains my target. {image} Cheers.y
If you don't mind sharing, what are your exit criteria for your trades?
  • #754,332
  • Jun 26, 2023 3:03pm Jun 26, 2023 3:03pm
Quoting Ferna
What goes up must come down
just +10 pips, enough to buy some eggs and milk.
You have an IQ lower than 90 if you interact with this user.
  • #754,333
  • Jun 26, 2023 3:15pm Jun 26, 2023 3:15pm
Quoting Scotteyy
{quote} If you don't mind sharing, what are your exit criteria for your trades?
Scottey, You have followed me for a long time and you should know by now that there is no exit criteria. I open trades and close my weakest trades on a daily basis as scalps. I typically make between 300 to 500 pips on scalps per week but can also book up to 1000 pips per week. The main thing is to leave my best trade for the day or week at break even and some and forget about it like it never existed. IF breakeven and some gets taken out I know that we could be in for a retrace, simple. I do not cry about 100 pips or more profit gone to waste. I let my trades thaw like a crab pod and hope to come and collect the booty, I have no stress when I go and sleep because I build positions.
Cheers.
Trade to trade another day
  • #754,334
  • Jun 26, 2023 3:33pm Jun 26, 2023 3:33pm
Quoting Wavegarrick
{quote} Scottey, You have followed me for a long time and you should know by now that there is no exit criteria. I open trades and close my weakest trades on a daily basis as scalps. I typically make between 300 to 500 pips on scalps per week but can also book up to 1000 pips per week. The main thing is to leave my best trade for the day or week at break even and some and forget about it like it never existed. IF breakeven and some gets taken out I know that we could be in for a retrace, simple. I do not cry about 100 pips or more profit gone to...
Yes I had thought I had asked before but I'm still not sure I understand. I envy your ability to hold onto to trades as long as you do but after all, if you don't exit, you don't make money. A trade that is 2000 pips in profit, I would assume, you wouldn't stay in until it reversed back to break-even? So what causes you to exit these trades? Multi-timeframe trend analysis? Or do you just keep building positions both ways so that your floating profit increases?
  • #754,335
  • Jun 26, 2023 3:42pm Jun 26, 2023 3:42pm
[quote=Scotteyy;14476417]{quote} Yes I had thought I had asked before but I'm still not sure I understand. I envy your ability to hold onto to trades as long as you do but after all, if you don't exit, you don't make money. A trade that is 2000 pips in profit, I would assume, you wouldn't stay in until it reversed back to break-even? So what causes you to exit these trades? Multi-timeframe trend analysis? Or do you just keep building positions both ways so that your floating profit increases?[/quote]
I build positions both ways so that my floating profit increases and I take scalp profits out of it.
Cheers.
Trade to trade another day
  • #754,336
  • Jun 26, 2023 3:47pm Jun 26, 2023 3:47pm
Quoting Wavegarrick
{quote} Scottey, You have followed me for a long time and you should know by now that there is no exit criteria. I open trades and close my weakest trades on a daily basis as scalps. I typically make between 300 to 500 pips on scalps per week but can also book up to 1000 pips per week. The main thing is to leave my best trade for the day or week at break even and some and forget about it like it never existed. IF breakeven and some gets taken out I know that we could be in for a retrace, simple. I do not cry about 100 pips or more profit gone to...
Nice Garrick! i like the part where there is no stress.
Stress is a killer.
You have an IQ lower than 90 if you interact with this user.
  • #754,337
  • Jun 26, 2023 3:54pm Jun 26, 2023 3:54pm
Quoting TheWraith
{quote} This guy sums it all up. Definitely suggest you watch it. It's not long, but it's worth every minute of the video. For others, this isn't supposed to be offensive, rather, illuminating. https://www.youtube.com/watch?v=nOznDh4BkWo
He is right about alot what he says, but these truthsayers never offer any solution.
You have an IQ lower than 90 if you interact with this user.
  • #754,338
  • Jun 26, 2023 4:03pm Jun 26, 2023 4:03pm
Quoting BigNumbers
{quote} The Algorithm might want to secure the orders in this position today by drifting far away from the entry point before the news tomorrow. So it may likely use the news to figure out how to put more money into the market that’s if there is already a balance in today’s trading. I use very bogus time frames for my analysis. If you check CADJPY no insane person should buy CADJPY from where it currently is but I see differently now. I’m not perfect, no system is perfect. If there is a balance after today’s trading, The market will assume an equilibrium...
CAD like GBP is right where they started, +/- 0.01% today.
I'm thinking CAD/JPY cannot go any higher, there is nothing higher than 100 pips above today since 2007.

And BoJ are intervening.
You have an IQ lower than 90 if you interact with this user.
  • #754,339
  • Edited 6:51pm Jun 26, 2023 6:35pm | Edited 6:51pm
1.2680 in the cards as mentioned
Weekly slightly bearish, monthly bullish
1.2750 to 1.2780

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  • #754,340
  • Edited 8:12pm Jun 26, 2023 7:31pm | Edited 8:12pm
Quoting Bella.al
{quote} It is been a long time i have revised my open order and what is happening to it. Using the Bella's 13:38 GMT i went long on 23.06.2023 due to Time has Squared Date [Bella's Date Forecasting] My Stoploss since Friday has been : 1.26873 My First Target is Bella's Price Objective 1 : 1.27835 Bella's Blue (beta v1.6 b ) {image}

A new day started below the pivot point 1.27150 . This puts the pressure on the bulls side . However, as bulls i do have 2 Support areas i can depend upon.

1. Normal MS1 : 1.26985
2. Bella's Support : 1.26914 [ this been good support since Friday and protecting my stop loss : 1.26873 ]

When i look for new conditions Time Squaring the Date , there is nothing new so i am still holding long , the setup which i build to trade is still long which is depicted by Bella's OSC.

Bella's Blue (beta v1.6 b )
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Goddess of Thunder..
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