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Cable Update (GBPUSD)

  • #757,681
  • Jul 12, 2023 12:54am Jul 12, 2023 12:54am
GBPCAD is also going to get obliterated.
Trade at your own risk.
  • #757,682
  • Jul 12, 2023 12:55am Jul 12, 2023 12:55am
Quoting Fx3423454
GBPCAD is also going to get obliterated.
at some point yup you are correct sir!!!
  • #757,683
  • Jul 12, 2023 12:58am Jul 12, 2023 12:58am
"I do not play according to a given set of rules; I look for changes in the rules of the game." - George Soros
Trade at your own risk.
  • #757,684
  • Jul 12, 2023 1:03am Jul 12, 2023 1:03am
I also won't be surprised when Bitcoin and Gold collapse.
Trade at your own risk.
  • #757,685
  • Jul 12, 2023 1:05am Jul 12, 2023 1:05am
Quoting Bella.al
Cable Update : Bella's Price Action, There is a Hot Zone resistance at 1.29886 , price action is giving out sell , i will try short here and see how it goes. Enabled Floor Pivots R2 is High Bullish area may contained the Price Short GBPUSD : 1.29566 S/L : 1.29812 T/P ( max ) : 1.26683 Bella's Blue ( beta v1.7F ) {image}
I have disabled the hot zones and enabled Bella's Stop Resistance 1.29812 , if this hits this price action setup is invalid and will keep away
Bella's Price Objective : 1.28845

Bella's Blue ( beta v1.7F )
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Goddess of Thunder..
  • #757,686
  • Jul 12, 2023 1:05am Jul 12, 2023 1:05am
"I’m only rich because I know when I’m wrong…I basically have survived by recognizing my mistakes." - George Soros
  • #757,687
  • Jul 12, 2023 1:10am Jul 12, 2023 1:10am
closed my long for 190pips...i think it will go down today..just prepare for the news
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  • #757,688
  • Jul 12, 2023 1:26am Jul 12, 2023 1:26am
Quoting Pat Chiko
{quote} GU Averaging down.{image}
Hi Sir, could you share strategy when you need to averaging down? Are u split the volume entry or u just raise the risk
For some trader, averaging down break the disipline like you on diet and just having 1 beer, and drink one more
Cuz for my, i doing averaging down and lose bigger but never averanging when profit for bigger profit
Cheers
my loss is your gain
  • #757,689
  • Jul 12, 2023 1:29am Jul 12, 2023 1:29am
Quoting Bogdanoff
{quote} Hi Sir, could you share strategy when you need to averaging down? Are u split the volume entry or u just raise the risk For some trader, averaging down break the disipline like you on diet and just having 1 beer, and drink one more Cuz for my, i doing averaging down and lose bigger but never averanging when profit for bigger profit Cheers
Hello, sir did we get a CHOCH yet???
  • #757,690
  • Jul 12, 2023 1:32am Jul 12, 2023 1:32am
Quoting GEfx
{quote} Peter, I trade the 4H and 1H charts, with entry and exit work on the 10M chart. All that bullshit you just spewed comes from your 1M charts, and means absolutely nothing to me. It makes no sense, and it makes no difference to how I trade. So your critique of my trading is from the perspective of a 1M chart reader. Think about this: a bank trader trades the Day chart, and enters and exits on the 1H chart. Do you think any of what you just typed has any impact on actual trading? It does not, because the market movers don't think about the...
So ..... wannabe it is!! Congrats. I merely read straight off YOUR chart. FOOL. No 1m chart read. But your trader mates are probably just like you so well done. Would I ever let you trade with my money? No way! Never EVER! Not gonna happen. And that is how I determine the salt of a trader not their charts or their cohorts or anything else that is superficial, Boy. Hehehehe. Toodles.

Peter
Real Trading is not gambling.
  • #757,691
  • Jul 12, 2023 1:42am Jul 12, 2023 1:42am
"Easiest" way to make money on FX is identifying the trend. All the indicators we use work great when price is either trending up or down. Range is where traders give back all they have earned and then some. Figuring out when price is trending and when there is a chance Range will occur is our biggest job to figure out. Range usually occurs due to lack of High-Impact news that week or perhaps some very Major news is in a week or two, so price will start Ranging until this Major news are out. No High-Impact news, no liquidity (not as much). Good thing is, if GBP/USD starts Ranging, there are other 27 pairs to look at and at least 3,4 or more pairs will be trending up or down. This is why trading one pair only isn't something I fully understand.
  • #757,692
  • Jul 12, 2023 1:48am Jul 12, 2023 1:48am
1.2930 may be AOI!!!!!

N3
  • #757,693
  • Jul 12, 2023 1:49am Jul 12, 2023 1:49am
GBP/JPY @ 180.5. Looking on Daily it's possible pullback will occur here before price starts dropping below 180 and way more actually.
  • #757,694
  • Jul 12, 2023 1:57am Jul 12, 2023 1:57am
100 pips drop to 1.28500 to go please
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yes yes yes
  • #757,695
  • Jul 12, 2023 1:58am Jul 12, 2023 1:58am
Quoting voeltoez
closed my long for 190pips...i think it will go down today..just prepare for the news {image}
Wow... Amazing!
Nice one
  • #757,696
  • Jul 12, 2023 2:00am Jul 12, 2023 2:00am
2950 break down before open. Waiting for re test
Emotional Control. Process, not outcome.
  • #757,697
  • Edited 2:19am Jul 12, 2023 2:03am | Edited 2:19am
G/M, a sub 30day adr bullish thrust candle on dly y/day, the 4th consecutive bullish-bodied candle on that t/f. Asia follows thru to a new current dly/wkly/mthly/yrly and uptrend hi and pulls back a little bit, and early London sells it on the retest of that now prev 1hr sw hi x 2 zone. It's been pretty relentless since Monday's 2750 lo/current wkly lo resulting in 10 x bullish-bodied 4hr candles - this a very rare phenomenon on this pairing and t/f.

1hr below
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Trader with an Edge.
  • #757,698
  • Jul 12, 2023 2:04am Jul 12, 2023 2:04am
Quoting Bella.al
{quote} I have disabled the hot zones and enabled Bella's Stop Resistance 1.29812 , if this hits this price action setup is invalid and will keep away Bella's Price Objective : 1.28845 Bella's Blue ( beta v1.7F ) {image}

This time i recorded live the p/l increased to +10 pips at least , The price action analysis is new feature which is used for
beta v1.8 inclusion still in development ( current beta v1.7F ) , Notice my standard market order sl = 24 pips and t/p 288 which requires a new home after removed from Bella's Date Forecasting which is now part of Bella's Fair Value Analysis. ( coming soon )

so 1.29812 setup is still intact waiting for Projections

Bella's Blue ( beta v1.7 F )
Attached Image (click to enlarge)
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Goddess of Thunder..
  • #757,699
  • Jul 12, 2023 2:05am Jul 12, 2023 2:05am
Quoting TheWraith
"Easiest" way to make money on FX is identifying the trend. All the indicators we use work great when price is either trending up or down. Range is where traders give back all they have earned and then some. Figuring out when price is trending and when there is a chance Range will occur is our biggest job to figure out. Range usually occurs due to lack of High-Impact news that week or perhaps some very Major news is in a week or two, so price will start Ranging until this Major news are out. No High-Impact news, no liquidity (not as much). Good...
Well you may have a point but I remain a "A lone pair Trader!"
  • #757,700
  • Jul 12, 2023 2:06am Jul 12, 2023 2:06am
"We try to catch new trends early and in later stages we try to catch trend reversals. Therefore, we tend to stabilize rather than destabilize the market. We are not doing this as a public service. It is our style of making money." - Georgie Soros
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