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Cable Update (GBPUSD)

  • #757,701
  • Jul 12, 2023 2:07am Jul 12, 2023 2:07am
Quoting Konichiwhaat
2950 break down before open. Waiting for re test
Short
Emotional Control. Process, not outcome.
  • #757,702
  • Jul 12, 2023 2:07am Jul 12, 2023 2:07am
short opened GU 2950, pendings 2970, 2990, 3010, building medium term
People don't plan to lose. They lose because they don't plan.
  • #757,703
  • Jul 12, 2023 2:09am Jul 12, 2023 2:09am
Quoting Konichiwhaat
{quote} Short
SL halved
Emotional Control. Process, not outcome.
  • #757,704
  • Jul 12, 2023 2:10am Jul 12, 2023 2:10am
Quoting Konichiwhaat
{quote} SL halved
SL to BE
Emotional Control. Process, not outcome.
  • #757,705
  • Jul 12, 2023 2:11am Jul 12, 2023 2:11am
Quoting Moty
100 pips drop to 1.28500 to go please {image}
nice i follow. But first need to break 1.2925
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #757,706
  • Jul 12, 2023 2:14am Jul 12, 2023 2:14am
Quoting Konichiwhaat
{quote} SL to BE
BE. re entry
Emotional Control. Process, not outcome.
  • #757,707
  • Jul 12, 2023 2:15am Jul 12, 2023 2:15am
Quoting TheWraith
GBP/JPY @ 180.5. Looking on Daily it's possible pullback will occur here before price starts dropping below 180 and way more actually.
Reaction took place. How far will the price go? I don't know. Slight price of interest is slightly below 181.
  • #757,708
  • Jul 12, 2023 2:16am Jul 12, 2023 2:16am
Quoting Konichiwhaat
{quote} BE. re entry
2 attempts. Not today
Emotional Control. Process, not outcome.
  • #757,709
  • Jul 12, 2023 2:17am Jul 12, 2023 2:17am
if USD goes up on the news consider it as a gift at this point.
  • #757,710
  • Jul 12, 2023 2:22am Jul 12, 2023 2:22am
...1st 3 (+) fib cluster to the downside is actually a 4 fib cluster 2812-25 (2 shown on chart below)

4hr below
Attached Image (click to enlarge)
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Trader with an Edge.
  • #757,711
  • Jul 12, 2023 2:22am Jul 12, 2023 2:22am
passed my first phase of MFF
Attached Image (click to enlarge)
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  • #757,712
  • Jul 12, 2023 2:25am Jul 12, 2023 2:25am
Client sentiment changed on Yen pairs and traders are Buying the dips and will continue to catch falling knives.

USD/JPY @ 160 rubbish will cost a lot of traders still hoping for that price.
  • #757,713
  • Jul 12, 2023 2:29am Jul 12, 2023 2:29am
Attached Image (click to enlarge)
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yes yes yes
  • #757,714
  • Jul 12, 2023 2:38am Jul 12, 2023 2:38am
...2 attempts already to get south of the prev 1hr sw hi zone = prev res = pot rbs, that runs 2834-14. How much more demand there if tested?

1hr below
Attached Image (click to enlarge)
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Trader with an Edge.
  • #757,715
  • Jul 12, 2023 2:50am Jul 12, 2023 2:50am
Short in at 1.2938
Don't trade what you think. Just what you see!!!
  • #757,716
  • Jul 12, 2023 2:54am Jul 12, 2023 2:54am
Quoting AlfieSolomon
passed my first phase of MFF {image}
Good job Alfie! Happy to hear that! Keep it up!
  • #757,717
  • Jul 12, 2023 2:54am Jul 12, 2023 2:54am
long way to 1.2850...
for now price just stopped @H1 mid bands..candle need to close below it..then targetting lower bands @1.2895..
1.29 is the key bounce up..or continue down 1.2860..
maybe not today..because of news...
my analysis will bounce up and going to 1.3 at news..
  • #757,718
  • Jul 12, 2023 2:59am Jul 12, 2023 2:59am
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
Hi Sir, could you share strategy when you need to averaging down?
Averaging down is not strategy, it is tactical.

Are u split the volume entry or u just raise the risk
Risk Reward remain the same as per my trading plan

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.
I don't know about other trader, but in that case better for him/her to quit drinking beer, go for coffee instead.
(Meaning, that is he/she doesn't know what he's doing, then blame it to the strategy)


1........Start with a plan. Today plan. Read this first, that is the PLAN.
Quoting Pat Chiko
GU Some early view of GU interesting S&R level observation. We will revise the outlook as we move into Tokyo and London later. But as it is now, this is my newbie view. I'm interested in "pullback" in particular.{image} {image}
2.............Then you go with your strategy including risk rewrd analysis before punching the N3 button.

3..........Then during the trade is active, you try to mitigate and deploy tecchtical way to combat the draw down, one of such is get stopped out and re enter as revenge trading ( I've given few example on revenge trading earlier)
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #757,719
  • Jul 12, 2023 3:00am Jul 12, 2023 3:00am
lets try long for 20 pips
Cheers
my loss is your gain
  • #757,720
  • Jul 12, 2023 3:01am Jul 12, 2023 3:01am
Quoting voeltoez
long way to 1.2850... for now price just stopped @H1 mid bands..candle need to close below it..then targetting lower bands @1.2895.. 1.29 is the key bounce up..or continue down 1.2860.. maybe not today..because of news... my analysis will bounce up and going to 1.3 at news..
Attached Image (click to enlarge)
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