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Cable Update (GBPUSD)

  • #758,281
  • Jul 13, 2023 11:27am Jul 13, 2023 11:27am
Entered short again at 1.31060... i want daily close below 1.31........ aiming for 10pips.....

amazing day so far….
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Extreme gut feeling trader
  • #758,282
  • Jul 13, 2023 11:32am Jul 13, 2023 11:32am
Quoting pipfarm
Is 5m filling the FVG to the upside before the short or is this a continuation Anyone work out the difference?
+10 pips more from 08 and i’d start worrying about the shorts
I believe there are no or few buyers at this level, i think everything driven by dx and short squeeze.
You have an IQ lower than 90 if you interact with this user.
  • #758,283
  • Jul 13, 2023 11:35am Jul 13, 2023 11:35am
Getting those hips in motion !

5min triple top ohhhhh Sell stop 3110 SL10TP100!
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #758,284
  • Edited 12:48pm Jul 13, 2023 11:40am | Edited 12:48pm
USD/JPY (useful for GBP/USD also)

USD/JPY to drop some more, but not much and it's highly likely retracement is in order.

Plan: wait for Asian Session to make a new low on USD/JPY hitting ~137.375 and then start Buying USD/JPY Long term.
On GBP/USD price should go up some more on Asian Session and retracement is in order throughout Friday.

Yen pairs to reach their highs yet again before the next big move is probable.

If Weekly candle closes below Yellow "Support", we could be seeing USD/JPY at ~130 again in the near future, but I doubt it.
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  • #758,285
  • Jul 13, 2023 11:43am Jul 13, 2023 11:43am
I have been liquidated today. Humbled by the great British Pound. Thanks everyone for your support and guidance over 2 years. It was a nice journey
  • #758,286
  • Jul 13, 2023 11:50am Jul 13, 2023 11:50am
If Gold breaks out to the upside then GU shorts are even more doomed, above 1963/64 is the level
Follow The Markets Structure - Patience and Discipline
  • #758,287
  • Jul 13, 2023 11:50am Jul 13, 2023 11:50am
Quoting mtako
Getting those hips in motion ! 5min triple top ohhhhh Sell stop 3110 SL10TP100! {image}
130? Let’s go lower it will pay for a cream cake to
Insane in the Brain..
  • #758,288
  • Jul 13, 2023 12:00pm Jul 13, 2023 12:00pm
Quoting Headland
{quote} Hi. I agree - stats can be made to say anything but if you use them/a data-set constantly and consistently in the same way then they become more reliable. Really I was commenting that the instrument may be getting 'over-extended' on an intraday, and wkly basis. @ current dly hi 103% now of 30day adr and above Y/day hi +76.4% for eg, and in that prev dly sw hi zone that runs 3060/65-90. Re risking 40% on one trade against a strong trend, I think you probably know the answer to your question re whether that is smart thing to do over the longer...
please how many percent do you rusk per trade?
  • #758,289
  • Jul 13, 2023 12:09pm Jul 13, 2023 12:09pm
Next target GBPUSD 1.3500
  • #758,290
  • Jul 13, 2023 12:24pm Jul 13, 2023 12:24pm
Quoting Vishu258
I have been liquidated today. Humbled by the great British Pound. Thanks everyone for your support and guidance over 2 years. It was a nice journey
Hi Vishu,
I have been in your position before. Take time out, reflect and see where you went wrong. 2 years of trading is a lot of time to spend on a possible income to just give up.
For me there is a cheat sheet. When price turns at every whim at daily support/res you know that we are in a range and these can last for weeks if not months.
When price does not respect fundamentals nor daily sup/res get out and follow direction because trendy conditions are starting. It is easier said than done but practice and practice over and over again,
I wish you all the best,
Cheers.
Trade to trade another day
  • #758,291
  • Jul 13, 2023 12:25pm Jul 13, 2023 12:25pm
Quoting mtako
Getting those hips in motion ! 5min triple top ohhhhh Sell stop 3110 SL10TP100! {image}
Quoting BeeTogether
{quote} 130? Let’s go lower it will pay for a cream cake to
lets gets that butter done !
Inserted Video


This trade is for instant gratification
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #758,292
  • Jul 13, 2023 12:31pm Jul 13, 2023 12:31pm
Quoting Vishu258
I have been liquidated today. Humbled by the great British Pound. Thanks everyone for your support and guidance over 2 years. It was a nice journey
R.I.P

Its a rare enough day where range traders and trend traders both make money. That 1 min chart is tasty.
  • #758,293
  • Jul 13, 2023 12:41pm Jul 13, 2023 12:41pm
Dxy is on a really big slippery slope.......... hoping 99.8700-800 for some retracement...... Fryday can give us some retracement that all sellers hoping.......
Extreme gut feeling trader
  • #758,294
  • Jul 13, 2023 12:41pm Jul 13, 2023 12:41pm
Let's go!
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  • #758,295
  • Jul 13, 2023 12:46pm Jul 13, 2023 12:46pm
The two little mice will have to run faster than that ! Last Chance for today. Sell stop 31192. Out if day doesnt close <31
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #758,296
  • Jul 13, 2023 12:48pm Jul 13, 2023 12:48pm
Quoting Moty
time to drop enough is really enough {image}
Moty, this was craziest rise since January we ever witnessed, and yes, we are in dangerous business.
  • #758,297
  • Jul 13, 2023 12:51pm Jul 13, 2023 12:51pm
Quoting JereMi256
I will love to watch the reaction from 1.313- 1.323 if we make it there today/tomorrow.
Approaching area of interest!
Face 'ur fears & tame 'ur greed
  • #758,298
  • Jul 13, 2023 12:56pm Jul 13, 2023 12:56pm
Dxy took out the swing low from 21.4.22 99.18
  • #758,299
  • Jul 13, 2023 1:02pm Jul 13, 2023 1:02pm
Quoting Vishu258
I have been liquidated today. Humbled by the great British Pound. Thanks everyone for your support and guidance over 2 years. It was a nice journey

Don't you dare take the coward's way out. You have a dream to be a trader don't you? Do you really want to go back to that other life? You know. The one where you will be working for others for as long as you can perceive. That is IF you play by their rules completely and get a retirement package. Is that what you want? Waking up every week day on someone else's schedule. I don't think so. You lost your money. So the fuck what. Figure out what you did wrong, and get back on the horse. Look at your trades. If most were lost, look for another system. If they were about even, meaning you lost 10 and won 14, then your issue is money management. Quitting should not be an option. So.. start saving your money and in the meantime get a demo account, and I will see you tomorrow. No tears. No whining, No quitting. Man up!


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Don't compare your trades to others. Most often the masses are the asses
  • #758,300
  • Jul 13, 2023 1:04pm Jul 13, 2023 1:04pm
The problem is the USD. It is like a huge sell off. I'm not sure what is going on but I don't really like it. It is too strong and too fast. We had that also years ago and now it is summer time but anyway, it feels wrong somehow.

I really wonder if it is in interest of FED to let the usdollar drop so hard. May be they want to get better exports? Weird enough the interest rates are about 4-5% if you park your money in USD. 2 Years ago it was zero and much stronger. Weird times...
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