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Cable Update (GBPUSD)

  • #756,761
  • Jul 7, 2023 10:42am Jul 7, 2023 10:42am
Quoting BigNumbers
{quote} Price are already at premium… because the candles appear very green does not make its a strong uptrend. Why did you not say when it was at discount and call it a strong uptrend so we know and follow the uptrend. Now deep down in my mind it is now a strong down trend. I don’t want to ever think like a retailer. NOT AGAIN
what does it mean to think like retailer?
How to succeed in zero sum game?
  • #756,762
  • Jul 7, 2023 10:42am Jul 7, 2023 10:42am
Quoting Moty
Again they fuck me at the nfp {image}
Same here. But my case, i hedge before nfp but i forgot to delete my stop.
This ride should cover it. Maybe a bit extra let see.
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Don't mind me.. i'm crazy
  • #756,763
  • Jul 7, 2023 10:44am Jul 7, 2023 10:44am
Quoting Vishu258
I'm progressively short from 1.24000, my long term target was 1.16000 in the near term which unfortunately has been invalidated. Pound breaking 1.30000 will trigger my margin call. This is my trading style and it's the first time in 4 years that I have been tested to the limit. Now praying for breakeven at 1.26000.
126 I’d be under by 100 but totally manageable let’s see what next week holds
Insane in the Brain..
  • #756,764
  • Jul 7, 2023 10:53am Jul 7, 2023 10:53am
Short again stop loss 8 pips
My telegram: https://t.me/avidforex
  • #756,765
  • Jul 7, 2023 10:53am Jul 7, 2023 10:53am
Quoting dempire1
{quote} what does it mean to think like retailer?
good question...
  • #756,766
  • Jul 7, 2023 10:59am Jul 7, 2023 10:59am
Quoting Waveskierrob
{quote} {image}
Btw tell your friend coreg2004 I will see him in the afterlife.
So. tell me arse wipe. Are you still looking for breakeven at 1.19? By my estimation it it is almost 1000 pips down on one position alone. God knows how many positions you have down there and that is over 6 months ago. You must be sinking fast. I can see that in your demeanor.
It amazes me most that you still comment on my posts whilst I am on your ignore list.
Karma is like a rubber band. You can only stretch it so far before it comes back and smacks you in the face.
Here is something for you to snack on. You better look at closing your positions because 1.30000 plus is knocking on the door.
Happy travels.
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Trade to trade another day
  • #756,767
  • Jul 7, 2023 11:03am Jul 7, 2023 11:03am
LOL
  • #756,768
  • Jul 7, 2023 11:06am Jul 7, 2023 11:06am
Save your money guys

not like me that im about to lose all i gained today with stupid high hunting..

but i will keep it 1.2843 as my SL and pray for god
  • #756,769
  • Jul 7, 2023 11:07am Jul 7, 2023 11:07am
trying to get entry inside the range. Always hectic but once you succeed you smile till the end of the journey
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  • #756,770
  • Jul 7, 2023 11:09am Jul 7, 2023 11:09am
Looks like today will break the last high 1.2845
  • #756,771
  • Jul 7, 2023 11:10am Jul 7, 2023 11:10am
Quoting Wavegarrick
{quote} Btw tell your friend coreg2004 I will see him in the afterlife. So. tell me arse wipe. Are you still looking for breakeven at 1.19? By my estimation it it is almost 1000 pips down on one position alone. God knows how many positions you have down there and that is over 6 months ago. You must be sinking fast. I can see that in your demeanor. It amazes me most that you still comment on my posts whilst I am on your ignore list. Karma is like a rubber band. You can only stretch it so far before it comes back and smacks you...
Please go on Wavegarrick
  • #756,772
  • Jul 7, 2023 11:12am Jul 7, 2023 11:12am
Quoting Whale
Save your money guys not like me that im about to lose all i gained today with stupid high hunting.. but i will keep it 1.2843 as my SL and pray for god
LOL
  • #756,773
  • Jul 7, 2023 11:15am Jul 7, 2023 11:15am
Quoting Wavegarrick
{quote} Btw tell your friend coreg2004 I will see him in the afterlife. So. tell me arse wipe. Are you still looking for breakeven at 1.19? By my estimation it it is almost 1000 pips down on one position alone. God knows how many positions you have down there and that is over 6 months ago. You must be sinking fast. I can see that in your demeanor. It amazes me most that you still comment on my posts whilst I am on your ignore list. Karma is like a rubber band. You can only stretch it so far before it comes back and smacks you...
I didn't think Coreg2004 was being sarcastic. You guys have your own beef, having you both as my buddies won't make me pick sides. I hope you settle your beef in time to come.
That's my wish.

Happy weekend to you all,
jereMi.
Face 'ur fears & tame 'ur greed
  • #756,774
  • Jul 7, 2023 11:20am Jul 7, 2023 11:20am
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yes yes yes
  • #756,775
  • Jul 7, 2023 11:21am Jul 7, 2023 11:21am
Quoting JereMi256
{quote} I didn't think Coreg2004 was being sarcastic. You guys have your own beef, having you both as my buddies won't make me pick sides. I hope you settle your beef in time to come. That's my wish. Happy weekend to you all, jereMi.
JereMI, you are guilty by association... If this is any consolation for you, you are not the first one.
Always trade your own plan...I don't provide trading signals.
  • #756,776
  • Jul 7, 2023 11:26am Jul 7, 2023 11:26am
Quoting Pat Chiko
{quote} GU I copy you SHORT {image}
Quoting ricmaj
{quote} I thought the idea was to always wait for the 4hr hour close before making entries I might be wrong
Apologize for late reply ,attending to my cousin brother.

GU

Yes, I agree with you that it is always best to wait for the 4-hour candle to close before making entries.
This is a very conservative way to handle low-risk trades.
In this case, coupled with the NFP data release, the formation of price towards the end of the H4 timeframe is crucial to look at.

The price is forming a QM (Quasimodo) setup with price pushing up for a liquidity sweep towards the QM level. It is normal for price action traders (PAT) to go for the high-probability setup even before the candle closes. In this way, PAT always has an edge in getting a better entry price with very low drawdown.
This is a low-risk, high-reward setup. (scalping)
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As you know, market makers (MMs) are only interested in getting into liquidity zones, as they need to fill up their order books for their clients.
Thus, they are always looking for opportunities to sell at a premium and buy at a discount.

Therefore, it is not surprising that they will occasionally push the price into liquidity zones by the end of the H4 or H1 period to get a better price for themselves.

I didn't follow up this trades plan, as I need the money to place in other pairs (EUR/USD)
This is the earlier trade plan I've put few hours before NFP.
Quoting Pat Chiko
NFP Day GBP/USD has made its classic pre-Nonfarm Payroills clear out as the pair sweeps liquidity on both sides of the bulk of this week's range. Have to run to attennd to my cousin brother, Chris graduation/convocation today. I'm proud of my cousin brother who graduated in Corporate Finance Degree. (Will post some photo later) Meanwhile, this is what GU has establish so far before NFP later. Take care and trade well. Save your bullet to trade NFP.{image} (I think this one got luck)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #756,777
  • Jul 7, 2023 11:26am Jul 7, 2023 11:26am
Quoting JereMi256
{quote} 1.246 might be a hard knuckle, but no one is god in the market. I wish him the best! Somewhat my expectations are in for 1.32× before anything below 1.24
My midterm bais is getting stronger.
Face 'ur fears & tame 'ur greed
  • #756,778
  • Jul 7, 2023 11:29am Jul 7, 2023 11:29am
Quoting voeltoez
{quote} follow {image}
Follow, but you have to look at my earier posting. The complete plan for NFP.
Quoting Pat Chiko
NFP Day GBP/USD has made its classic pre-Nonfarm Payroills clear out as the pair sweeps liquidity on both sides of the bulk of this week's range.
But I didn't follow thru as I am still in EUR/USD commitment. Need capital to trade those.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #756,779
  • Jul 7, 2023 11:32am Jul 7, 2023 11:32am
Quoting pipfarm
Letz see if this one trends up after what looks like manipulation. H4 is up and has a dip indicating an impulse up is due H1 the manipulation (irregular flat) {image}
Trending up
Follow The Markets Structure - Patience and Discipline
  • #756,780
  • Jul 7, 2023 11:33am Jul 7, 2023 11:33am
Quoting pipfarm
Here is another one NZDUSD H4 is up and has a dip indicating an impulse up is due D1 matches that we are in an up swing with H4 being the correction H1 shows the internal structure of H4 manipulation correction so we should see and uptrend at some point although i think the correction has little more to the downside before we see the trend returning to up {image}
About to break out
Follow The Markets Structure - Patience and Discipline
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