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Cable Update (GBPUSD)

  • #760,481
  • Jul 24, 2023 2:11am Jul 24, 2023 2:11am
Quoting boodvah
exited longs with small profit. waiting for momentum post LO
reentered longs..
be a thinker before being a reacter
  • #760,482
  • Jul 24, 2023 2:11am Jul 24, 2023 2:11am
..break above Asian hi - just into the 4hr part of the prev 1hr/4hr sw hi zone that extends to fri's 2904 hi, = prev res = pot res...a fib cluster and Dly R1 in there. 1hr part starts circa 2894.

EDIT: ...reaction to some bad Eu data there? German stuff next @ 0830am Uk time
Trader with an Edge.
  • #760,483
  • Jul 24, 2023 2:24am Jul 24, 2023 2:24am
So because french PMI was bad, does that mean german PMI will also be bad? Have a EURJPY long currently defending previous low.
  • #760,484
  • Jul 24, 2023 2:26am Jul 24, 2023 2:26am
Quoting Scotteyy
So because french PMI was bad, does that mean german PMI will also be bad? Have a EURJPY long currently defending previous low.
Hi, probably, as might uk's @ 0930am uk time
Trader with an Edge.
  • #760,485
  • Jul 24, 2023 2:28am Jul 24, 2023 2:28am
Quoting Headland
{quote} Hi, probably, as might uk's @ 0930am uk time
But then is it already priced in and will we rocket on german PMI release, ahh fundamentals.
  • #760,486
  • Jul 24, 2023 2:32am Jul 24, 2023 2:32am
Inserted Video
Trade at your own risk.
  • #760,487
  • Jul 24, 2023 2:33am Jul 24, 2023 2:33am
sadly i gave some back. out
be a thinker before being a reacter
  • #760,488
  • Jul 24, 2023 2:33am Jul 24, 2023 2:33am
Lol bye longs, my shorts are loving it
Master your mind. Master Trading.
  • #760,489
  • Jul 24, 2023 2:37am Jul 24, 2023 2:37am
Just posting this incase anyone followed me & Joilita. Long Long ways to go but she trying . And like Joilita said this pair is a Snail
Any newbies watching, this is a good pair to practice on, Also AUD/CAD
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  • #760,490
  • Jul 24, 2023 2:40am Jul 24, 2023 2:40am
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yes yes yes
  • #760,491
  • Jul 24, 2023 2:48am Jul 24, 2023 2:48am
H4 above D1 but D1 below W1

is H4 correction in D1 downswing over so quick?
Follow The Markets Structure - Patience and Discipline
  • #760,492
  • Jul 24, 2023 2:52am Jul 24, 2023 2:52am
Quoting Konichiwhaat
{quote} TP hit for 15 pips Now, the reason I am taking a break from this group... because of too much bullshit bickering! Why are some of you arguing here publicly? None of us actually give a shit! I am wasting too much time reading all the BS, and it does not benefit me at all. My trading is profitable. I make a living from it. Also, I have got into the egotistical habit of quoting myself when I post... I know you don't care, as I don't care when others do it. So I need to break the habit. I wish everyone all the best for their trading. And...
8 trading days since taking a break from this group to give full focus to my trading...

Live account. All prices in JPY.
8 trading days.
20x GBP/USD trades.
8 Losses (aprox 1% per loss)
6 Break even (or close to)
6 Wins (aprox 3% per win)

Approximately a 10% gain to my account in 8 trading days.

Very humble. High respect for the market. Focus. Concentration. Long may it continue
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Emotional Control. Process, not outcome.
  • #760,493
  • Jul 24, 2023 2:53am Jul 24, 2023 2:53am
Quoting Moty
{image}
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Master your mind. Master Trading.
  • #760,494
  • Jul 24, 2023 2:56am Jul 24, 2023 2:56am
.... PMi's all coming out worse than forecast in Eu, Precursor to uk's ???
Trader with an Edge.
  • #760,495
  • Jul 24, 2023 2:59am Jul 24, 2023 2:59am
Quoting Konichiwhaat
{quote} 8 trading days since taking a break from this group to give full focus to my trading... Live account. All prices in JPY. 8 trading days. 20x GBP/USD trades. 8 Losses (aprox 1% per loss) 6 Break even (or close to) 6 Wins (aprox 3% per win) Approximately a 10% gain to my account in 8 trading days. Very humble. High respect for the market. Focus. Concentration. Long may it continue {image}
NICE mate!! excellent risk management..
  • #760,496
  • Jul 24, 2023 3:02am Jul 24, 2023 3:02am
Quoting Konichiwhaat
{quote} 8 trading days since taking a break from this group to give full focus to my trading... Live account. All prices in JPY. 8 trading days. 20x GBP/USD trades. 8 Losses (aprox 1% per loss) 6 Break even (or close to) 6 Wins (aprox 3% per win) Approximately a 10% gain to my account in 8 trading days. Very humble. High respect for the market. Focus. Concentration. Long may it continue {image}
Is your account in profit or loss overall? that is all that matters
Follow The Markets Structure - Patience and Discipline
  • #760,497
  • Jul 24, 2023 3:04am Jul 24, 2023 3:04am
Quoting greenpips4
{quote} NICE mate!! excellent risk management..
Arigato gozaimasu
Emotional Control. Process, not outcome.
  • #760,498
  • Jul 24, 2023 3:04am Jul 24, 2023 3:04am
So i'm still of the belief that weekly pivot should be touched before weekly S1. Its somewhere in the 75-80% region chance of this happening. Was 75% last time I checked over 52 week period but thats been improved recently. Maybe we will see daily S1 today before going up.
  • #760,499
  • Jul 24, 2023 3:06am Jul 24, 2023 3:06am
Quoting pipfarm
{quote} Is your account in profit or loss overall? that is all that matters
In profit, scaling up and down accordingly, risking 1% per trade in blocks of 20 trades
Emotional Control. Process, not outcome.
  • #760,500
  • Jul 24, 2023 3:13am Jul 24, 2023 3:13am
Quoting hans91
{quote} i don't think wavegarrick is scammer, i have to say that he's a very good trader and deserve to receive what he got after working and studying hard from forex markets so many years..
Well as with trading we all have our own opinions...
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