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Cable Update (GBPUSD)

  • #758,521
  • Jul 14, 2023 7:14am Jul 14, 2023 7:14am
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Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #758,522
  • Jul 14, 2023 7:19am Jul 14, 2023 7:19am
Quoting TheWraith
GBP/USD Sell Limit @ 1.31155 SL @ 1.31455 {image}
Sell Limit removed. Was thiking price will hit base line again before dropping.
Next time I guess. GL to the rest of you!
  • #758,523
  • Jul 14, 2023 7:23am Jul 14, 2023 7:23am
Quoting Pat Chiko
{quote} GU First reason fulfilled Now can start moving to positive stop or at least acceptable losses you're willing to sacrifice. Play the game wisely. The HTF shows the view. LTF, on micro, how to go about the trades.{image} {image}
Question please ... were you also buying into that high as it came up?
Real Trading is not gambling.
  • #758,524
  • Jul 14, 2023 7:24am Jul 14, 2023 7:24am
Quoting TheWraith
{quote} Sell Limit removed. Was thiking price will hit base line again before dropping. Next time I guess. GL to the rest of you!
Wait for me!! LoL

Short @ 1.31158
SL @ 1.31458

Hoping Bailey didn't gave me the price I wanted just to screw me and push the Pound up... hmm.
You always have to have someone to blame! This time I blame Bailey and bad weather if trade goes wrong. Haha..
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  • #758,525
  • Jul 14, 2023 7:27am Jul 14, 2023 7:27am
Quoting Yngwie
{image}
Picture Speaks Louder Then Charts Hahahahaaaaa
  • #758,526
  • Jul 14, 2023 7:28am Jul 14, 2023 7:28am
Price finally creating something to base a trade on
I don’t know how significant but i might not trade until tues. gotta let the situation mature. One loss today on a gamble with no structure as to how I get in the market. May attempt a Monday trade but I could get whipsawed. Just know positions have been priced in and positions have been liquidated, so Monday might be hellacious to try to trade easily.
be a thinker before being a reacter
  • #758,527
  • Jul 14, 2023 7:32am Jul 14, 2023 7:32am
Quoting boodvah
Price finally creating something to base a trade on I don’t know how significant but i might not trade until tues. gotta let the situation mature. One loss today on a gamble with no structure as to how I get in the market. May attempt a Monday trade but I could get whipsawed. Just know positions have been priced in and positions have been liquidated, so Monday might be hellacious to try to trade easily.
There are a couple of news next week that should provide enough liquidity to make some money. News for China, Retail Sales (US) and CPI (UK) and (EU).
  • #758,528
  • Jul 14, 2023 7:35am Jul 14, 2023 7:35am
Quoting PeterCaleb
{quote} To me, if people use "biases" and "confluence" they're gambling....... they're just not being truthful about what it is they're dealing with. When a person gets serious about getting real results, the person will learn 2 things - realistically and truthfully, you have a 45-55% chance of getting the "direction" right with your own analysis. The second is, that to get a realistic "overall win %" that is consistent and above say, 80-90%, one must take control of the trading which means manual trading. Yes harder in some ways but definitely...
honestly Pete you are right. I should’ve stayed on track as to what works for me. I got caught watching others enter the market and I had an “oh well” moment. I should really sit down and ask myself why I would go against my own strategy. Honestly thank you for bringing this to my attention. At the the end of the day this is a business environment and there is no point in treating it like I.e. mw2 or mortal kombat. Kudos to you for the quote. I’ll keep this one in my back pocket because it has value to me. Thank you Pete.

edit: it is not my strategy per se but I was not taught it either. It was a mix of trail and error and deep thinking as to what MAY move price. I believe I could trade without a chart utilizing the method I trade. I try to keep it simple and logical. There is nothing new under the sun. I’m just catching rays
be a thinker before being a reacter
  • #758,529
  • Jul 14, 2023 7:37am Jul 14, 2023 7:37am
This gold looks to be turning into a triangle so that is looking good for the GU long
The correction to the left was a b/o failure
The current 4h correction is failing to make a lower low and is ranging into a triangle
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GU remains on the precipice of moving into 4H territory but H1 correction remains valid as of now
Follow The Markets Structure - Patience and Discipline
  • #758,530
  • Jul 14, 2023 7:39am Jul 14, 2023 7:39am
Quoting Pat Chiko
{quote} GU First reason fulfilled Now can start moving to positive stop or at least acceptable losses you're willing to sacrifice. Play the game wisely. The HTF shows the view. LTF, on micro, how to go about the trades.{image} {image}
GU

Both GOLD and GU making similar move.
A bit twisted if you compare to Index, like DAC, S&P 500 or USD/JPY.

Chart explain better.
Caveat : This is not trade recommendation, as I'm not the smartest guy here.
Let others do the trade call, I'm here to share my thought process.
It's subjective but based on how one interpret the data and candles formation.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #758,531
  • Jul 14, 2023 7:44am Jul 14, 2023 7:44am
Quoting TheWraith
{quote} There are a couple of news next week that should provide enough liquidity to make some money. News for China, Retail Sales (US) and CPI (UK) and (EU).
I have never learned how to successfully trade the news but I do know they can have impact depending on the trade style. Which ones do you feel would have the most impact. I can just imagine traders going bonkers over the usd this week so I’m assuming when the news starts to release, price will be itching to get volatile. As long as we expect the volatility, we can trade accordingly without fear.
be a thinker before being a reacter
  • #758,532
  • Jul 14, 2023 7:52am Jul 14, 2023 7:52am
Honestly I don’t think price is going anywhere today. Scalpers heaven. H4 created a range imo. I’ve seen this PA after a run and esp on a Friday. So I would not expect too much movement today
be a thinker before being a reacter
  • #758,533
  • Jul 14, 2023 7:55am Jul 14, 2023 7:55am
Quoting Wavegarrick
{quote} Setting up for a buy trade once again, target 1.31500 Cheers. {image}
Above trade closed for 20 pips. I have just opened a buy trade , hopefully we can get a Friday afternoon push.
Cheers.
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Trade to trade another day
  • #758,534
  • Jul 14, 2023 7:58am Jul 14, 2023 7:58am
EU looking good for longs H1
ABC exp flat

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Internal structure of H1

First leg up breaks the top then comes back abc so another break of the top line should send it into a trend



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Follow The Markets Structure - Patience and Discipline
  • #758,535
  • Jul 14, 2023 8:00am Jul 14, 2023 8:00am
Quoting boodvah
Honestly I don’t think price is going anywhere today. Scalpers heaven. H4 created a range imo. I’ve seen this PA after a run and esp on a Friday. So I would not expect too much movement today

Unless.....................(suspense music)

Moty put her hammer down.... which I didn't see over couple of charts/
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #758,536
  • Jul 14, 2023 8:06am Jul 14, 2023 8:06am
Quoting pipfarm
EU looking good for longs H1 ABC exp flat {image} Internal structure of H1 First leg up breaks the top then comes back abc so another break of the top line should send it into a trend {image}
Hi Bro.

EU

I'm thinking this may want to pullback a bit to FVG.
Then, it resume to the trend

That's my 2 cents
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #758,537
  • Jul 14, 2023 8:06am Jul 14, 2023 8:06am
Quoting Pat Chiko
{quote} Unless.....................(suspense music) Moty put her hammer down.... which I didn't see over couple of charts/
first thing moty is a lady?! Well now I know to use my manners

and you are right that hammer has not been active in a while.

Btw moty, have you ever thought about using a baseball bat for longs?
be a thinker before being a reacter
  • #758,538
  • Jul 14, 2023 8:07am Jul 14, 2023 8:07am
Quoting Pat Chiko
{quote} Hi Bro. EU I'm thinking this may want to pullback a bit to FVG. Then, it resume to the trend That's my 2 cents{image}
what round numbers are inside the 4h fvg?
be a thinker before being a reacter
  • #758,539
  • Jul 14, 2023 8:09am Jul 14, 2023 8:09am
Quoting boodvah
{quote} first thing moty is a lady?! Well now I know to use my manners and you are right that hammer has not been active in a while. Btw moty, have you ever thought about using a baseball bat for longs?
You know her sister....
Famous from Israel.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #758,540
  • Jul 14, 2023 8:09am Jul 14, 2023 8:09am
Quoting boodvah
Honestly I don’t think price is going anywhere today. Scalpers heaven. H4 created a range imo. I’ve seen this PA after a run and esp on a Friday. So I would not expect too much movement today
you could be right, however it is Friday and we all know on Fridays crazy shit happens. We haven’t had a bearish day this week in fact any bearish vibe was fitted with a rocket up it arse.. that said a range day could be the bearish vibe as movement could be exhausted
Insane in the Brain..
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