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Cable Update (GBPUSD)

  • #757,461
  • Jul 11, 2023 3:38am Jul 11, 2023 3:38am
Their longs got trapped now. Highly likely going down to .12886-87 now (currently 1.2890)
  • #757,462
  • Jul 11, 2023 3:39am Jul 11, 2023 3:39am
Quoting TheWraith
If price manages to climb to 1.30 before CPI, I would be wary of holding Long into CPI release.
I'm expecting the UK GDP negative print will be more impactful than US CPI, this week.
More time in the market, does not mean you trade better!
  • #757,463
  • Jul 11, 2023 3:48am Jul 11, 2023 3:48am
Quoting JackintheBox
Their longs got trapped now. Highly likely going down to .12886-87 now (currently 1.2890)
The beauty on my trading style is, sometimes I can predict market on next minutes or at least now the chances of few pips next minutes. I closed out on last drop/slippage to 1.28874. That's what I waited for. Now, game can start again.

Longs have to be careful now not to drop too low, else we have a lower high formed. I think they are aware of it. They made some space to drop/sell now. critical area low 1.2870's. No trade for me currently.
  • #757,464
  • Jul 11, 2023 3:49am Jul 11, 2023 3:49am
Quoting TheWraith
If price manages to climb to 1.30 before CPI, I would be wary of holding Long into CPI release.
FED cleveland nowcasting;
US CPI
y/y
Headline: 3.22%
Core: 5.11%
m/m:
Headline: 0.42%
Core: 0.43%


Dude from twitter making his own CPI computation
Attached Image (click to enlarge)
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More time in the market, does not mean you trade better!
  • #757,465
  • Jul 11, 2023 3:49am Jul 11, 2023 3:49am
Quoting JackintheBox
{quote} The beauty on my trading style is, sometimes I can predict market on next minutes or at least now the chances of few pips next minutes. I closed out on last drop/slippage to 1.28874. That's what I waited for. Now, game can start again. Longs have to be careful now not to drop too low, else we have a lower high formed. I think they are aware of it. They made some space to drop/sell now. critical area low 1.2870's. No trade for me currently.
You forecast was 1.289 to 1.2886?
3 pips yeah?
  • #757,466
  • Jul 11, 2023 3:52am Jul 11, 2023 3:52am
i am still looking to Short this market but not now ( working and waiting ). Perhaps after 13:00 PM GMT

Hot Zone Resistance: 1.29151 is still intact and if it stays like this till after 13:00 PM GMT i will try again.

Bella's Blue (beta v1.7 E )
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Goddess of Thunder..
  • #757,467
  • Jul 11, 2023 3:59am Jul 11, 2023 3:59am
Quoting JackintheBox
{quote} The beauty on my trading style is, sometimes I can predict market on next minutes or at least now the chances of few pips next minutes. I closed out on last drop/slippage to 1.28874. That's what I waited for. Now, game can start again. Longs have to be careful now not to drop too low, else we have a lower high formed. I think they are aware of it. They made some space to drop/sell now. critical area low 1.2870's. No trade for me currently.
So what is your trading style?
  • #757,468
  • Jul 11, 2023 4:02am Jul 11, 2023 4:02am
...5th consecutive 4hr bullish-bodied candle close a min or so ago (gmt+3 price feed.) Chances of a 6th - over a large multi-year sample on this t/f, on this pairing, is <50% but doesn't mean to say it won't happen. 1hr inverted hammer close at same time.

4hr below
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Trader with an Edge.
  • #757,469
  • Jul 11, 2023 4:08am Jul 11, 2023 4:08am
Quoting noox
{quote} So what is your trading style?
Mainly countertrend in small time frames. Lots of traders avoid that or cannot trade it because the spread is too big (I had recently 0.9 pips spread, now it got worse to 1.5 pips (I cannot trade with ECN yet, I need very fine position management so I'm not able to start with 0.5 lots or sth. like this).
When you specialise on that you see sometimes when they mess up their position in very short time frame (max. 30 minutes I would say). Zig Zag movements always indicates accumulation or problems .

So I know when my position management works better and better they have a problem, other way around, too. Than I have a problem lol.
  • #757,470
  • Jul 11, 2023 4:10am Jul 11, 2023 4:10am
Quoting EtzzyPoo
{image} Lets see what this does
Attached Image (click to enlarge)
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Closed half my remaining position
10% left in now
+185 pips
  • #757,471
  • Jul 11, 2023 4:11am Jul 11, 2023 4:11am
GU for 20 pips
closed 20 pips in 20 min
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trade safe
cheers
my loss is your gain
  • #757,472
  • Jul 11, 2023 4:12am Jul 11, 2023 4:12am
Quoting JackintheBox
{quote} Mainly countertrend in small time frames. Lots of traders avoid that or cannot trade it because the spread is too big (I had recently 0.9 pips spread, now it got worse to 1.5 pips (I cannot trade with ECN yet, I need very fine position management so I'm not able to start with 0.5 lots or sth. like this). When you specialise on that you see sometimes when they mess up their position in very short time frame (max. 30 minutes I would say). Zig Zag movements always indicates accumulation or problems . So I know when my position...
Can you show this on a chart?
  • #757,473
  • Jul 11, 2023 4:14am Jul 11, 2023 4:14am
Looking like a USD bearish breakout could be imminent.
GBP bulls currently in control.
Attached Image(s) (click to enlarge)
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Compulsions can be hard to resist
  • #757,474
  • Jul 11, 2023 4:17am Jul 11, 2023 4:17am
Quoting Konichiwhaat
{image}
Finally (hopefully) I am now in sync. I will follow this for a while. SL to BE
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Emotional Control. Process, not outcome.
  • #757,475
  • Jul 11, 2023 4:22am Jul 11, 2023 4:22am
Quoting ScalaFX
Leon? Why we are no longer buddies? Now only I subscribing your profile.. what I did that you went out from subscibing? I have this silly red or Orange or yellow thing in my ass but I only want to know, is that I play opposite your trend and positions or Im liking others guys posts or views that you dont agree, just courius...
Why we are no longer buddies? Now only I subscribing your profile.. what I did that you went out from subscibing?
Are you serious?? THAT is so important to you?? If yes, OH. MY. GOD!! You need to seriously consider getting off of this, and any other, forum and seek professional counseling!
To free Gazans of Hamas, use whatever it takes.
  • #757,476
  • Jul 11, 2023 4:22am Jul 11, 2023 4:22am
risking another 17 pips
will be my last for the day.
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  • #757,477
  • Jul 11, 2023 4:27am Jul 11, 2023 4:27am
Quoting Bella.al
i am still looking to Short this market but not now ( working and waiting ). Perhaps after 13:00 PM GMT Hot Zone Resistance: 1.29151 is still intact and if it stays like this till after 13:00 PM GMT i will try again. Bella's Blue (beta v1.7 E ) {image}
Please note : If you have missed my Long Term Analysis , feel free to check it out at ( Bella's Trend -0.25 )
https://www.forexfactory.com/thread/...5#post14490405

Yes, Bella can perform Long Term Analysis as well , even though she has trading experience under 1 year. If Indiara would be here she would be very very proud of me and happy .

Note: Bella's Date Forecasting has been removed and all it's features are added to my Bella's Fair Value Analysis.

Bella
Goddess of Thunder..
  • #757,478
  • Jul 11, 2023 4:28am Jul 11, 2023 4:28am
Quoting Mitiblotch
{quote} You simply have not read what I wrote nor bothered to understand it. What do you mean by "correct"? Do you own the market or do you know for 100% certainty what would happen? She gave her position and put her SL. A 25 pip SL, which is good and smart. The SL is there to protect her account. What else do you want if not to show off? I see you don't lose trades. Enjoy mate. I don't have time for unfruitful arguments.
Isn't it clear that he was merely pointing out, in an off-handed way, that based on the information that she has presented to the thread, her present system needs signifcant changes? The fact that she has shown good consistency in following what the system dictates lends support to this conclusion.
To free Gazans of Hamas, use whatever it takes.
  • #757,479
  • Jul 11, 2023 4:31am Jul 11, 2023 4:31am
Quoting ScalaFX
{quote} Im specialy writen this here public, maybe more people is interested in that answear
maybe more people is interested in that answear
Sadly, you are probably right. Because DRAMA catches a lot more attention than worthwhile trading discussions.
To free Gazans of Hamas, use whatever it takes.
  • #757,480
  • Jul 11, 2023 4:34am Jul 11, 2023 4:34am
Quoting DrDave
{quote} Why we are no longer buddies? Now only I subscribing your profile.. what I did that you went out from subscibing? Are you serious?? THAT is so important to you?? If yes, OH. MY. GOD!! You need to seriously consider getting off of this, and any other, forum and seek professional counseling!
read one more time this post and come back, is there letters with no importance in my side, get back to trading men
People don't plan to lose. They lose because they don't plan.
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