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Cable Update (GBPUSD)

  • #757,441
  • Jul 11, 2023 2:51am Jul 11, 2023 2:51am
Would much prefer a retrace to pivot before going long but im not convinced it's going to get there. Will keep an eye out for a strong green candle to enter.
  • #757,442
  • Jul 11, 2023 3:00am Jul 11, 2023 3:00am
why gu loves to go back to my entry 28700
everytime i join the ride it always like this..
  • #757,443
  • Jul 11, 2023 3:01am Jul 11, 2023 3:01am
...Mthly, wkly and dly R1 all within a few pips of each other just below current dly lo were all reached in early London run up to current dly/yrly/uptrend hi of 2913.
Trader with an Edge.
  • #757,444
  • Jul 11, 2023 3:01am Jul 11, 2023 3:01am
Ufff.. i can't believe this happened the said resistance held 1.29151 , i lost -24 pips due to taking short early.

beta v1.7.F is coming soon. ( this was based on Bella's Price Action )

Bella's Blue ( beta v1.7 E )
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Goddess of Thunder..
  • #757,445
  • Jul 11, 2023 3:02am Jul 11, 2023 3:02am
smell of violent PA
  • #757,446
  • Jul 11, 2023 3:05am Jul 11, 2023 3:05am
risk 20 for 60 (partial)
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  • #757,447
  • Jul 11, 2023 3:11am Jul 11, 2023 3:11am
Quoting Whale
risk 20 for 60 (partial) {image}
awful start
  • #757,448
  • Jul 11, 2023 3:15am Jul 11, 2023 3:15am
Quoting boodvah
{quote} double dochian setup. been there before. that chart is from the 4th. i see no value in the post tbh. but please carry on. im a fool i suppose.
if that's all you know then fair enough. The dates shouldn't matter.
Real Trading is not gambling.
  • #757,449
  • Jul 11, 2023 3:20am Jul 11, 2023 3:20am
Mini bearish trend
Waiting for a sell signal from the super trend indi
Ty mister 1.29000
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yes yes yes
  • #757,450
  • Jul 11, 2023 3:21am Jul 11, 2023 3:21am
...5min bullish hidden div kicking in @ current p/back lo...to the immediate upside;

a. prev 1hr sw hi zone to current dly hi of 2913 contains Mthly, Wkly and Dly R1 -this coexistent with top of a prev dly/wkly sw lo zone 2854- circa 2914.
b. 2944 Dly R2
c. 2950/51 longer term 76.4% and 38.2% fibs
d. 2972-2990 prev minor dly sw lo x 2 zone = prev supp = pot sbr, contains Wkly R2 circa 2973
e. 3020 Dly R3
f. 3060-90 prev dly minor sw hi zone = prev res = pot res.

1hr below
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Trader with an Edge.
  • #757,451
  • Jul 11, 2023 3:22am Jul 11, 2023 3:22am
Quoting Bella.al
Ufff.. i can't believe this happened the said resistance held 1.29151 , i lost -24 pips due to taking short early. beta v1.7.F is coming soon. ( this was based on Bella's Price Action ) Bella's Blue ( beta v1.7 E ) {image}
So that was another programming mistake which costed -24 pips i would have been at trailing +2 pips at least . Those -24 pips added to my Bella's Blue Journal ( which i need to recover later ). I do have another plan but i am waiting for later time watching said resistance.

Bella.
Goddess of Thunder..
  • #757,452
  • Jul 11, 2023 3:22am Jul 11, 2023 3:22am
Quoting dempire1
{quote} Again if you dont provide winning strategy then how can you or anyone else comment on how I trade my strategy? There are just way too many different ways of trading… everything else you are talking about is already happening here on this thread. anyways good luck with your thread!
Other traders could provide hints to you if they realize something about your trading that you yourself do not realize. On NNT forum you are putting your strategy to the test. Perhaps someone will give you a hint on how you can improve perhaps they won't. However, after some time and after you post a dozen of trades, other experienced traders will definitely be able to identify the weak link in your trading if you have one. While I agree that there are many strategies, those who have found a strategy that is working aren't deviating from it and only keep repeating it. On the other hand, people who aren't profitable constantly change strategy and are trying out different things.

There are a couple of traders here that are profitable and stick to their strategy, but there is also way too much people not trading for real and/or are either not posting real time trades and do not provide a feedback on the trades taken. So, on NNT I will eliminate all useless posts.

Thanks!

TW
  • #757,453
  • Jul 11, 2023 3:23am Jul 11, 2023 3:23am
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Emotional Control. Process, not outcome.
  • #757,454
  • Jul 11, 2023 3:23am Jul 11, 2023 3:23am
Quoting dempire1
{quote} oh wait. You should consider making a thread where people have visible real money TE- amount wouldnt matter. Now that would be another story.
What do you mean by TE? On NNT the amount doesn't matter, as long as it is live trades.
  • #757,455
  • Jul 11, 2023 3:23am Jul 11, 2023 3:23am
Quoting Whale
risk 20 for 60 (partial) {image}
Out -14
  • #757,456
  • Jul 11, 2023 3:26am Jul 11, 2023 3:26am
GU

Late to join the party.
Just open trading station and punch in 1st trade
Try some luck
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #757,457
  • Jul 11, 2023 3:26am Jul 11, 2023 3:26am
Quoting Bella.al
{quote} So that was another programming mistake which costed -24 pips i would have been at trailing +2 pips at least . Those -24 pips added to my Bella's Blue Journal ( which i need to recover later ). I do have another plan but i am waiting for later time watching said resistance. Bella.
Why don't you learn to manual trade? You'll learn more and cost you less. Just a thought.
Real Trading is not gambling.
  • #757,458
  • Jul 11, 2023 3:29am Jul 11, 2023 3:29am
Yesterday and in the night we had an extraordinary rise up on GBP/USD, but mainly USD got smashed. Small consolidation finished since 25 minutes on GBP/USD.
Let's see if they can keep up the pace now. I lost 2 trading days on that move up. Whipsaws are ok this morning, speaks also for selling some stuff off to gain fresh money for next move up. They still loaded lots of GBP and unloaded lots of USD, so potential quite big for more drop today.

But rally can continue. I think they hope now for more buyers to jump in. It is summer time, so there is no big counter part - which means big swings up and also big swings down (they have to close their stuff again). Lots of pros wait for better entry to buy but is not coming yet so more volatility in form of big swings coming in?

USD made fresh low against CHF, so may be more weakness to see on USD, so GBP/USD up. I just mention that because it is a critical level and has quite high impact on USD.
  • #757,459
  • Jul 11, 2023 3:33am Jul 11, 2023 3:33am
Quoting Pat Chiko
GU Late to join the party. Just open trading station and punch in 1st trade Try some luck{image}
That would be wild to go to 1.2950 today but it is at least possible. Small consolidation finished so your entry from that perspective was fine.
Move up currently got stuck. Looks like they unload more. Not satisfied with their positions.
  • #757,460
  • Jul 11, 2023 3:36am Jul 11, 2023 3:36am
If price manages to climb to 1.30 before CPI, I would be wary of holding Long into CPI release.
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