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Cable Update (GBPUSD)

  • #758,021
  • Jul 13, 2023 1:17am Jul 13, 2023 1:17am
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yes yes yes
  • #758,022
  • Jul 13, 2023 1:18am Jul 13, 2023 1:18am
Quoting Fardeen1209
{quote} I already took out 75% of my position @ +27pips. The trade still working, GDP still -ve, expecting to see 1.297 BOS => RSF, then UP, first hour in London session I think they make the consensus worst, then when the data come in worst but not as worst as the consensus's worst, retails saw it as omg thats good, imma buy
kind of felt that way especially as the expected data was significantly worse than last period.
Insane in the Brain..
  • #758,023
  • Jul 13, 2023 1:29am Jul 13, 2023 1:29am
Gu long
My telegram: https://t.me/avidforex
  • #758,024
  • Jul 13, 2023 1:31am Jul 13, 2023 1:31am
Quoting GODofMC
{quote} i starting to feel weird, you put your view in a good manner today , I might be miss the sell as waiting to fill above 1.3020 1.3040 and 1.3060 before news. But not even touching 1.3020 and PA look like starting to get down, or just a mere corrections, who knows, i will decide latter As im buying on TOP and closed below new hight {image} My possibility reaction {image} Possiblity of Short Trap {image}
Put that aside this may short and buy trap with tight stop

Opened and Stop above 1.3035
now depend on usdollar if dollah going down it will goes to price mention above
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #758,025
  • Jul 13, 2023 1:32am Jul 13, 2023 1:32am
Quoting PeterCaleb
{quote} Understandable you would think this way. But for me, no. Your cute 10min chart is just a chart. It might assist with your daily schedule etc but is superfluous to its function; whether it be a 1min or 10min chart. You're assuming I cannot see and read a chart. I've shown and proven in my reply to your post, as well as in real time many times that I can. What I spoke of is not "unique" to the 10min view. But it can be observed on any "time frame" of price movement. My disgust doesn't come from believing to be "superior" it comes from people...
what does maturation of bonds have to do with all this, and the only chart you left was open for interpretation, didnt say what u looked for/at.
You have an IQ lower than 90 if you interact with this user.
  • #758,026
  • Jul 13, 2023 1:33am Jul 13, 2023 1:33am
Quoting Fardeen1209
{quote} I already took out 75% of my position @ +27pips. The trade still working, GDP still -ve, expecting to see 1.297 BOS => RSF, then UP, first hour in London session I think they make the consensus worst, then when the data come in worst but not as worst as the consensus's worst, retails saw it as omg thats good, imma buy
1.3115 Supply Zone in play.
Still holding my 25% shorts, ok with it being stopped out for 15pips.
plan waiting for Resistance => Support
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More time in the market, does not mean you trade better!
  • #758,027
  • Jul 13, 2023 1:38am Jul 13, 2023 1:38am
Quoting Yngwie
Long 1.2995 SL 1.2965 TP 1.3030
too sloww. closed 20p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #758,028
  • Jul 13, 2023 1:42am Jul 13, 2023 1:42am
Quoting PeterCaleb
{quote} Again I will say = Top down-bottom up. "News" get into people's heads but real issues are not plagued by "news". Once you and others learn to appreciate that a problem is a problem regardless of its form, then you are now ready to face it. And so, as you can see, I don't subscribe to the plethora of "stuff" happening. When you watch an 'end of the world' type movie, there are two basic types of people - the ones who freak out, scream and shout and run around with their hands in the air then inevitably get killed. Then there's the other type,...
All the businessmen i ever saw did following: 1) Get up early 2) Read the NEWS 3) work hard
Every successful person on this planet follows the news intensively, and you are saying it’s their doom? Wake up! We live in a changing world!
Just cause alot of people doing it maybe means more that it worked, more than that they are fools.
You have an IQ lower than 90 if you interact with this user.
  • #758,029
  • Jul 13, 2023 1:48am Jul 13, 2023 1:48am
doesnt appear to be too much order flow around this 1.30 area....a drop coming????
  • #758,030
  • Jul 13, 2023 1:51am Jul 13, 2023 1:51am
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  • #758,031
  • Jul 13, 2023 1:55am Jul 13, 2023 1:55am
I think GBP too tired already. Think max it can go up 1.3030 unless later USD PPI and Unemployment Claims news is bad GBP can climb again
.
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #758,032
  • Jul 13, 2023 1:56am Jul 13, 2023 1:56am
Today will be my last posts in this GU forum for a while, unless I wish to give my opinion on something I feel strongly about.

More about that later.

For now, eying 3000 and 3200 for action after the open
Emotional Control. Process, not outcome.
  • #758,033
  • Edited 2:09am Jul 13, 2023 1:57am | Edited 2:09am
Quoting Ferna
{quote} what does maturation of bonds have to do with all this, and the only chart you left was open for interpretation, didnt say what u looked for/at.
Compounding interest works both ways. creating increase in money and decrease in money. please go research bonds etc. Now put two concepts together. Most people do not understand that say, you trade GBPUSD, you place two trades and both are stopped out. Then later you go put another order into GBPUSD to try to get back the money you lost on those 2 earlier trades, your risk on trade:trade position, is now double. However treasuries have been around longer than the GBP or USD so they are more fundamental to society. The returns are not always high but it's more profitable than allocating "losses" as a profit:trade ratio.... which is what speculators do and call it "profit factor" etc etc etc rubbish. Money is useless and has no purpose if stops moving. As I have said many times, "losses" are not what people think they are. Many just say "oh well" but if you look at profit to profit and trade:trade it's better than just saying "let's try again with the GBPUSD etc".

If someone cannot trade treasuries, then the quiet achiever equivalent is usually 2 longs against one short if markets favor higher IR's or vice versa for low IR's or whatever mix you prefer.

I use a top down-bottom up approach every day. Previous posts around done by me show and explain how I see things and do things. It's no secret.

Peter
Real Trading is not gambling.
  • #758,034
  • Jul 13, 2023 2:01am Jul 13, 2023 2:01am
Could be going up again H1, did not clear the lower FVG but looks like an abc correction running flat

waiting on lower t/f for signs of uptrend
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Follow The Markets Structure - Patience and Discipline
  • #758,035
  • Jul 13, 2023 2:01am Jul 13, 2023 2:01am
Quoting tradexyz
{image}
you posted a chart!!! What does it mean?????
  • #758,036
  • Jul 13, 2023 2:01am Jul 13, 2023 2:01am
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yes yes yes
  • #758,037
  • Jul 13, 2023 2:02am Jul 13, 2023 2:02am
Quoting Yngwie
I think GBP too tired already. Think max it can go up 1.3030 unless later USD PPI and Unemployment Claims news is bad GBP can climb again .
I have been following Stacey Burke of Stacey Burke Trading, if I get it right this is a 2 day in a 3 day cycle and likely to not amount to much as the markets get ready for more a more impressive move tomorrow.
  • #758,038
  • Jul 13, 2023 2:03am Jul 13, 2023 2:03am
G/M, 5th consecutive dly bullish-bodied candle y/day. Other than Industrial production the Uk data 1hr ago not as bad as forecast. Early London bought it.

To the upside above Asian/current dly hi...There is a a prev dly sw hi zone that starts @ circa 3065 and extends to 3090

1hr below
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Trader with an Edge.
  • #758,039
  • Jul 13, 2023 2:07am Jul 13, 2023 2:07am
Quoting ninner
doesnt appear to be too much order flow around this 1.30 area....a drop coming????
Mind i asked how do you know that?
More time in the market, does not mean you trade better!
  • #758,040
  • Jul 13, 2023 2:07am Jul 13, 2023 2:07am
Quoting Ferna
{quote} All the businessmen i ever saw did following: 1) Get up early 2) Read the NEWS 3) work hard Every successful person on this planet follows the news intensively, and you are saying it’s their doom? Wake up! We live in a changing world! Just cause alot of people doing it maybe means more that it worked, more than that they are fools.

Sure sure, ok. When your head inevitably overloads or explodes from information overload, then it'll be time for you to grow up and realize that data and sound bites are not what makes things work or happen. Society has layers and until you realize and accept this then you'll be fighting any learning available. This is not an opinion or fact or preference it is observable and so, if one cannot differentiate between useless information from useful, then it's a crowded space up in your head. Take it or leave it.

It's simple - the closer to the surface the information, the less important it is. and the more it rots people's minds. Maybe spend some years with this and then return to the basic question - what is necessary?

Peter
Real Trading is not gambling.
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