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Cable Update (GBPUSD)

  • #762,041
  • Jul 28, 2023 4:38am Jul 28, 2023 4:38am
Quoting Waveskierrob
{quote} "Post of the day"...
Can't believe they hid one of the best posts ever...
  • #762,042
  • Jul 28, 2023 4:39am Jul 28, 2023 4:39am
Quoting Whale
{quote} I lost a lot of money and now price is above my long entry.. nothing to do, we couldn’t knew it will retrace before another low… Se la vi my borther.
This is why I concentrate on money management rather than direction...
  • #762,043
  • Jul 28, 2023 4:39am Jul 28, 2023 4:39am
Short on the OB
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  • #762,044
  • Jul 28, 2023 4:50am Jul 28, 2023 4:50am
Quoting Waveskierrob
{quote} This is why I concentrate on money management rather than direction...
this is 100% right.. rookie trade base on ADR
  • #762,045
  • Jul 28, 2023 4:57am Jul 28, 2023 4:57am
Quoting navk
For me, 2760 to 2860 today
Booked my profits.

Will add longs when NY opens
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Intraday only.
  • #762,046
  • Jul 28, 2023 5:11am Jul 28, 2023 5:11am
Waiting for TP to hit since asian session…
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How to succeed in zero sum game?
  • #762,047
  • Jul 28, 2023 5:21am Jul 28, 2023 5:21am
Daily pivot abd potential drop point at at 1.28500
yes yes yes
  • #762,048
  • Jul 28, 2023 5:27am Jul 28, 2023 5:27am
Quoting dempire1
Waiting for TP to hit since asian session… {image}
ah finally TPd
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How to succeed in zero sum game?
  • #762,049
  • Jul 28, 2023 5:28am Jul 28, 2023 5:28am
* bulls have pushed thru first prev 1hr/4hr sw lo zone and thru 1hr part of the 2nd...in the 4hr part now - top of which is coexistent with the next one - a prev 1hr sw lo zone which extends up to 2747.
*30min bearish hidden div still present - may stay good whilst under 2871, 1hr developing and may stay good if does under y/day's / current wkly hi.
* 4 fib cluster 2847-57 leads up to DP.
* 2nd upside break of Asian hi remains true, Current London lo remains above Current Asian/dly lo.

1hr below
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Trader with an Edge.
  • #762,050
  • Jul 28, 2023 5:31am Jul 28, 2023 5:31am
One old POC @ 1.3378.
In due course all lower levels will be visited, imho
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Air force
  • #762,051
  • Jul 28, 2023 5:37am Jul 28, 2023 5:37am
Quoting BeeTogether
{quote} I have no patience but whilst trading I have been quietly. The hit I took earlier this month was when there was a point of no return in terms of margin calls. Sometimes it’s just checking to see if there is anything that can make the right direction. The hit earlier this month was due to not seeing the direction but hey we learn and still make similar mistakes. It’s all about how to make the profits and minimise on the losses
I believe you'll get there Bee ! Last time I lived a similar situation as you just did, it was one too many times. I went through major re-assessing of everything, but with the lowest of leverage. When I did that, many doors opened in regards to what is possible not only in positions management, daily/weekly/monthly/quarterly gain preservation, diversification of strategies, instruments, bringing important modifications to the strategies themselves, with complementation of strategies in mind, and with the main aim of the best possible return/drawdown consistency over the several spans of time evaluated etc., BUT also in terms of my emotions and other psychological issues... Only Anyhow, long story short, only when all that was done did I adjust leverage accordingly, black swans taken into account, of course.

And, of course, there are so many approaches to trading and I 100% respect them all, for they give price that "je ne sais quoi" that I have come to love, as as that sounds

My trade updates:
Quoting mtako
Happy Tuesday my GBP mates !{quote}!Perhaps Rock&Blues starting here folks: Sell stops 2880 + 2840 + 2820 + 2740 + 2650 2H Trying to Engulf the 2H MadCowCandle in the NewHigh of the last 64 weeeeeks. Mates, that's a ton of tacos !!!!!! {image}
Quoting mtako
Hi GBP mates, hope you are doing greeeeat !! Perhaps adding to my losing shorts and untriggered sell stops! Sell stops 2980 2965 2950 2915 ! They are among us {image}
Quoting mtako
{quote}One down folks, but it is getting bloody hot in here isn't it ! Sell stop 30862 3085 3074 3060 3030 3008! {image}
Quoting mtako
...All < 3000 are closed, all >3000 have Stops at BE or better, with closest TP <1.25. Untriggered stops cancelled ! just in case Mr.Bear wins determinantly in this longer-term-reversal-potential 1.28-1.30 battle! Still a long ways to go, but we've got this ! Cheers folks, and continue to take great care of yourself and your loved ones ! P.S So sweet and grand, as we had we had not seen Mr.Bear so joyful in while. {image}
This last 12H hammer at previously determinant average retracement of this uptrend, and making it into the lows of 12H breakOut candle of the 10thJuly, and failing to follow through the low in this here fashion, closing within Monday's shadows, and support before the 50% of the months downtrend up to now, have forced me to tighten SLs, now at 2840, 2866, 2900, 2940, 3010, 30862.



That said dear GBP friends, Happy Friday and may you have a Taco Loving Fun of a weekend !!!!
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #762,052
  • Jul 28, 2023 5:37am Jul 28, 2023 5:37am
Quoting voeltoez
last night i was debate with my wife..told her trend is over..but she still hold her short..and she is survived...women always right {image}
and nooow my wife acc back to bep..i have told her to take profit but she doesnt listen..
if she take profit.. she could banked $3000
  • #762,053
  • Jul 28, 2023 5:39am Jul 28, 2023 5:39am
Quoting BigNumbers
AUDCAD long GBPCAD LONG Trade the London and NY kill zones. Any other time is like a waste of time and effort. Price is driven by time. Good luck
t

London kill zones moving price like wtf;
the NY kill zone will come in a moment and also move the price higher.

When you trade out side these times, price is just accumulating orders and preparing food for these kill zones. These zone often time comes with two or three healthy candles and that’s all you need to win.
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My telegram: https://t.me/avidforex
  • #762,054
  • Jul 28, 2023 5:40am Jul 28, 2023 5:40am
Quoting voeltoez
{quote} and nooow my wife acc back to bep..i have told her to take profit but she doesnt listen.. if she take profit.. she could banked $3000
when husband and wife trading in a home, husband should not instruct wife what to trade.

Atleast in trading matter.

Intraday only.
  • #762,055
  • Jul 28, 2023 5:43am Jul 28, 2023 5:43am
Yes...
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  • #762,056
  • Jul 28, 2023 5:44am Jul 28, 2023 5:44am
New strategy
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yes yes yes
  • #762,057
  • Jul 28, 2023 5:44am Jul 28, 2023 5:44am
Quoting voeltoez
{quote} and nooow my wife acc back to bep..i have told her to take profit but she doesnt listen.. if she take profit.. she could banked $3000
Dude, that ain´t nice to badmouth your wife in a public forum. And nothing is sure about markets, ever.
Markets will move to the right.
  • #762,058
  • Jul 28, 2023 5:48am Jul 28, 2023 5:48am
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Daily high 1.28470
Time to short the mf
yes yes yes
  • #762,059
  • Jul 28, 2023 5:50am Jul 28, 2023 5:50am
Quoting BigNumbers
AUDCAD long GBPCAD LONG Trade the London and NY kill zones. Any other time is like a waste of time and effort. Price is driven by time. Good luck
Earlier
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  • #762,060
  • Jul 28, 2023 5:51am Jul 28, 2023 5:51am
Quoting FraterRedox
{quote} Dude, that ain´t nice to badmouth your wife in a public forum. And nothing is sure about markets, ever.
Looks like someone has had a huge sense of humour failure...
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