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Cable Update (GBPUSD)

  • #760,861
  • Jul 25, 2023 6:01am Jul 25, 2023 6:01am
Shorted EUR/MXN to add to my collection.
Trade at your own risk.
  • #760,862
  • Jul 25, 2023 6:03am Jul 25, 2023 6:03am
...1hr inverted hammer close

1hr below
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Trader with an Edge.
  • #760,863
  • Jul 25, 2023 6:04am Jul 25, 2023 6:04am
Second buy Goldi 1958
People don't plan to lose. They lose because they don't plan.
  • #760,864
  • Jul 25, 2023 6:05am Jul 25, 2023 6:05am
also Buyed EUR/MXN now
People don't plan to lose. They lose because they don't plan.
  • #760,865
  • Jul 25, 2023 6:08am Jul 25, 2023 6:08am
What do they do with this Loss, Passed onto tax payer or Accept the loss, drain BOE reserve, print money to fill up the reserve?
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The bond market is a whole area which need to be studied more closely.
More time in the market, does not mean you trade better!
  • #760,866
  • Jul 25, 2023 6:08am Jul 25, 2023 6:08am
Gold is a sell IMHO

H4 made a correction to the D1 downswing we can see the correction more clearly on H1 with a clear abc up then a break down a correction up and now coming down
Follow The Markets Structure - Patience and Discipline
  • #760,867
  • Jul 25, 2023 6:10am Jul 25, 2023 6:10am
Quoting Headland
G/M, (late,) 7 consecutive bearish-bodied dly candles now and a much lower than 50% chance of an 8th. Y/day's lo still intact @ 2797 as is the asian lo which was a test on the prev 1hr/4hr sw lo zone that has developed @ it, = prev supp = pot supp. Asian hi was breached to the upside in earlier london session but it's a false 1st break. 4hr general downtrend in place and dly/wkly general uptrends still intact too. Not finding it easy these bulls are they? 1hr below {image}
One should wait until 9 am candle to trade NY
Intraday only.
  • #760,868
  • Jul 25, 2023 6:10am Jul 25, 2023 6:10am
Just my take on GU. Dont follow me, its my A$$ if it goes TITSUP. I Swing i dont Scalp. And we got USD News so this is dangerous. Repect your RISK PARAMETERS
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  • #760,869
  • Jul 25, 2023 6:10am Jul 25, 2023 6:10am
Quoting ScalaFX
Second buy Goldi 1958
Good luck and don't forget your no stop loss hat bro!
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Trade at your own risk.
  • #760,870
  • Jul 25, 2023 6:12am Jul 25, 2023 6:12am
Quoting Fx3423454
{quote} Good luck and don't forget your no stop loss hat bro! {image}
3rd buy GOLD 1955.50
People don't plan to lose. They lose because they don't plan.
  • #760,871
  • Jul 25, 2023 6:13am Jul 25, 2023 6:13am
Quoting Fardeen1209
{quote} Yup, love to have FED on board tho, every month FOMC rate hike been all a winner for me using the "buy the rumor, sell the fact" technique. Either way, FED hike by 25bps or Skip, will be sell for USD.
First hike priced in, all gossip is o the 2nd one and reading about it is highly possible.
  • #760,872
  • Jul 25, 2023 6:13am Jul 25, 2023 6:13am
H&S developed on the 5 min and 15 min GU.
  • #760,873
  • Jul 25, 2023 6:14am Jul 25, 2023 6:14am
Quoting ScalaFX
{quote} 3rd buy GOLD 1955.50
so blessed
  • #760,874
  • Jul 25, 2023 6:21am Jul 25, 2023 6:21am
Quoting Fardeen1209
{quote} Agreed. Just because we risk $X amount doesnot mean the market should give us $Y amount. But personally I dont have a prefix Risk reward. I may be risking 1-5% of my capital (depending on setup) to short the market at a possible Resistance(for eg) but will probably sit out the Short setup at a Support zone. My reward is never based on the % of my capital, but i always look at it from Pip perspective. Use FVGs and Unmitigated Zones. Using solely risk reward for trade management, isnot a good way imo. Was like this before. But from Pat trade...
reading Sang trade rule again and trying to understand some of his fundamentals but what pop up to me was exactly what you wrote up here, trade goes my way but won't close because I was targeting a ridiculous fixed percentage and guess what trade reverses and am forced to close before I lose my total profit. now working on how to take profit along the way
  • #760,875
  • Jul 25, 2023 6:22am Jul 25, 2023 6:22am
Quoting pipfarm
Gold is a sell IMHO H4 made a correction to the D1 downswing we can see the correction more clearly on H1 with a clear abc up then a break down a correction up and now coming down
A 3 swings B 3 swings , odds on for 5 down

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Follow The Markets Structure - Patience and Discipline
  • #760,876
  • Edited 7:02am Jul 25, 2023 6:25am | Edited 7:02am
Quoting GODofMC
{quote} {image} Small test {image} Tighten SL, look not profitable{image}
Buy SL hit, looking at DXY GBPUSD may down, but who knows
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Gold goes shitty to
Goes GU will make move like Gold too?
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #760,877
  • Edited 7:18am Jul 25, 2023 6:27am | Edited 7:18am
Quoting Fardeen1209
What do they do with this Loss, Passed onto tax payer or Accept the loss, drain BOE reserve, print money to fill up the reserve? {image} The bond market is a whole area which need to be studied more closely.
The taxpayer pays UK and US.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #760,878
  • Jul 25, 2023 6:30am Jul 25, 2023 6:30am
Quoting BigNumbers
I’m also short on EJ {image}
Surprising good trade taking in consideration JPY futures weak today
  • #760,879
  • Jul 25, 2023 6:33am Jul 25, 2023 6:33am
Do we have a valid H&S on M15?
Risk Management is of utmost importance!
  • #760,880
  • Jul 25, 2023 6:37am Jul 25, 2023 6:37am
Quoting Bones
{quote} The taxpayer pays UK and US.
Working age will rise as total loss will double by 2033.
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