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Cable Update (GBPUSD)

  • #758,441
  • Jul 14, 2023 2:58am Jul 14, 2023 2:58am
Quoting TheWraith
{quote} If Moty is down 100 pips, that's our sign to start following Moty. Moty always ends up recovering losses and actually ends in profit. So, when I see Moty down 100 pips I am strongly looking at joining in.
excellent
liquidity for bulls
in wondering about yourself, you forgot what you came here to be part of
  • #758,442
  • Jul 14, 2023 3:04am Jul 14, 2023 3:04am
131 will be tough to break , it’s Friday it’s also a very little data Friday too. Volumes maybe low to have a feeling 13070-80 could be the lowest we get. (RBS) area
Insane in the Brain..
  • #758,443
  • Jul 14, 2023 3:05am Jul 14, 2023 3:05am
Buying M5
M30 next step (thicker white line)
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in wondering about yourself, you forgot what you came here to be part of
  • #758,444
  • Jul 14, 2023 3:07am Jul 14, 2023 3:07am
Sellers shouldn't lose hope too soon. Price action during EU and GB Session is always up down up down etc.. until an hour before US session.
  • #758,445
  • Jul 14, 2023 3:10am Jul 14, 2023 3:10am
Quoting TheWraith
Sellers shouldn't lose hope too soon.
“Losing all hope was freedom.” ~Edward Norton in Fight Club
in wondering about yourself, you forgot what you came here to be part of
  • #758,446
  • Jul 14, 2023 3:12am Jul 14, 2023 3:12am
...price challenging a prev 1hr sw lo zone now = prev supp = pot sbr....after a piercing pattern 1hr thrust candle closed after gaining support @ current dly lo / a prev 1hr sw lo zone.

You can see on my mthly chart below that y/day's hi was @ the 50% fib of the longer-term 5930-0327 move. Next upside fibs are 3223, (shown on chart below - a 61.8% of 5016-0327, ) then 3254, then 3333} (not shown.)

mthly below

Quoting knkie
{quote} “Losing all hope was freedom.” ~Edward Norton in Fight Club
Hi, lol-great quote, Reminds me of that quote in the film Clockwork by John Cleese - '...I can stand the despair, it's the hope I can't manage...'
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Trader with an Edge.
  • #758,447
  • Jul 14, 2023 3:17am Jul 14, 2023 3:17am
Quoting knkie
{quote} “Losing all hope was freedom.” ~Edward Norton in Fight Club
You know, in trading having any kind of emotion is always bad. So, no hope (no emotion), more objective look at the price action.

Fortunately, I have a system to tell me what to do and expect, so identifying where price will go is one problem less I have. "Only" thing left to fight for me are emotions and where to put SL and take profit. Where to enter trade, this is what system tells me. Everything else I have to do by myself.

The more things the system does for us the better. The more things we have to do on our own, the worse it is. People will never outperform a good system. As in anything there are exceptions, but this number is negligible.
  • #758,448
  • Jul 14, 2023 3:29am Jul 14, 2023 3:29am
Quoting voeltoez
loss 2% on short yesterday..funfact my little pororo acc doubled because long.. lol.. now im short..no trade on prop.. {image}
closed all short @1.3100 .45pips x 3 order..
  • #758,449
  • Jul 14, 2023 3:31am Jul 14, 2023 3:31am
...bulls are trying!

1hr below
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Trader with an Edge.
  • #758,450
  • Jul 14, 2023 3:31am Jul 14, 2023 3:31am
Quoting TheWraith
{quote} You know, in trading having any kind of emotion is always bad. So, no hope (no emotion), more objective look at the price action. Fortunately, I have a system to tell me what to do and expect, so identifying where price will go is one problem less I have. "Only" thing left to fight for me are emotions and where to put SL and take profit. Where to enter trade, this is what system tells me. Everything else I have to do by myself. The more things the system does for us the better. The more things we have to do on our own, the worse it is. People...
So if we could hook up a heart- and blood pressure monitor to your laptop we could program MT4 to only take trades if you are calm and collected.
If you try to execute a trade with elevated blood pressure the trade will not be filled.

We will be get rich
in wondering about yourself, you forgot what you came here to be part of
  • #758,451
  • Jul 14, 2023 3:33am Jul 14, 2023 3:33am
Quoting knkie
{quote} So if we could hook up a heart- and blood pressure monitor to your laptop we could program MT4 to only take trades if you are calm and collected. If you try to execute a trade with elevated blood pressure the trade will not be filled. We will be get rich
Hahahah this is hilarious!
We probably would hahah.. this is what's funny in the end.
  • #758,452
  • Jul 14, 2023 3:34am Jul 14, 2023 3:34am
Looks like a good place to long but can we really have 7 bullish daily candles in a row? When was the last time that happened? Im staying out.
  • #758,453
  • Jul 14, 2023 3:36am Jul 14, 2023 3:36am
Quoting BigNumbers
price will go back and retest this old supply or even form its own supply because no sign of bear yet. It can also break above. But there is H4 Supply without a complete cycle. We have a strong uptrend, H4 supply is almost useless. {image}
What do you mean by complete cycle?
  • #758,454
  • Jul 14, 2023 3:36am Jul 14, 2023 3:36am
Quoting Scotteyy
Looks like a good place to long but can we really have 7 bullish daily candles in a row? When was the last time that happened? Im staying out.
We'll see if the top will hold.
  • #758,455
  • Jul 14, 2023 3:42am Jul 14, 2023 3:42am
Just went long on GBPNZD. My TP1 is 2.06644
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My telegram: https://t.me/avidforex
  • #758,456
  • Jul 14, 2023 3:45am Jul 14, 2023 3:45am
sell GU 3120, revenge trade some bigger lot, hope for a some drop
People don't plan to lose. They lose because they don't plan.
  • #758,457
  • Jul 14, 2023 3:49am Jul 14, 2023 3:49am
Quoting Scotteyy
Looks like a good place to long but can we really have 7 bullish daily candles in a row? When was the last time that happened? Im staying out.
Hi, last time we had more than 6 bullish-bodied dly candles consecutively was May then July 2020 when both times there were 10! It's a rare occurrence on this t/f on this pairing.
Trader with an Edge.
  • #758,458
  • Jul 14, 2023 3:49am Jul 14, 2023 3:49am
Hello guys, I went to fetch out chart of July 2020 and the Outlook then look very similar to this July 2023... It continued buying all though till September 1 and that leg contained 1200 pips and the range for July 2020 was over 800 pips... This current July is still 470+ pips.... I will not short this, I will be buying at every 100 - 130 pips pullback...
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Data + Stat + Risk/Emotions Management
  • #758,459
  • Jul 14, 2023 3:49am Jul 14, 2023 3:49am
This hour close as also h4 candle and next hour can be decisition making. Signal 3086 remain intact so far.. Watching.
The high close the more pressure for bull, below 3106may counteract now! Below 10 min left!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #758,460
  • Jul 14, 2023 3:51am Jul 14, 2023 3:51am
Quoting ScalaFX
sell GU 3120, revenge trade some bigger lot, hope for a some drop
hoping for major drop through next week hopefully 2867/2687 area for me ...
average dude treading water
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