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Cable Update (GBPUSD)

  • #762,221
  • Jul 28, 2023 11:04am Jul 28, 2023 11:04am
Had sold at 1.2877, took profited at 1.2870, price went to 1.2850. I miss too much pips.
  • #762,222
  • Jul 28, 2023 11:06am Jul 28, 2023 11:06am
Quoting Eren10
Had sold at 1.2877, took profited at 1.2870, price went to 1.2850. I miss too much pips.
It happens.. try using multiple small position then its easier to hold and scale out. EG -- lets say we all trade with 1$ then break that into 5 smaller positions this way you can scale some out on the way
  • #762,223
  • Jul 28, 2023 11:15am Jul 28, 2023 11:15am
Quoting Waveskierrob
{quote} I can't even afford dinner because I'm a shit trader...ah I forgot I don't even trade so I can afford dinner...a chicken dinner {image}
Just noticed ftse making a move. Still a helluva long way to go and probably take most or all of next month
  • #762,224
  • Jul 28, 2023 11:17am Jul 28, 2023 11:17am
US30 short just kicked, I wasn’t expecting this to happen today again. I had prepared my mind for Mondays Lo/Ny kill zone. I’m short now though
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My telegram: https://t.me/avidforex
  • #762,225
  • Jul 28, 2023 11:35am Jul 28, 2023 11:35am
Quoting T721
{quote} It happens.. try using multiple small position then its easier to hold and scale out. EG -- lets say we all trade with 1$ then break that into 5 smaller positions this way you can scale some out on the way
Thanx, maybe I have to think more like a investor for couple of hours.

Like today if you kept the trade from the morning you would get almost 100 pips. If you just go for 10 pips you would need maybe 10 days and if you are right ofcourse.

But then there are many small range days
  • #762,226
  • Edited 12:26pm Jul 28, 2023 12:06pm | Edited 12:26pm
Quoting Eren10
Had sold at 1.2877, took profited at 1.2870, price went to 1.2850. I miss too much pips.
We all do.

Look, as far as I'm concerned these entities that are pushing price up and down are first of all in cooperation. All of these entities are working together against us retail traders.

Now, I believe they have a plan in advance.
They push the price from point A to point B and after the price has reached point B then they make a new deal where another point B is and so on. If we can somehow figure out where this point A and B is we would make great money. News just slows down the price to point A or B or speeds it up, but news don't really matter. News are great for entities to hunt every nearby SL there is and that's what the news are for. Because of the news, they have excuse for everything.

This is why Daily chart is the best chart, because it's easiest to find this point A and B on Daily chart.

Anyone who thinks it's about bulls or bears (in it's pure sense) doesn't have any clue what's going on in FX.

They work together to destroy us (retail traders) over and over again.

This is why you get the most play only when Wall Street opens, because they all then work together and the reason why price doesn't move anywhere during Frankfurt and London session.
  • #762,227
  • Jul 28, 2023 12:08pm Jul 28, 2023 12:08pm
Quoting BigNumbers
US30 short just kicked, I wasn’t expecting this to happen today again. I had prepared my mind for Mondays Lo/Ny kill zone. I’m short now though {image}
thanks for the buy signal.
You have an IQ lower than 90 if you interact with this user.
  • #762,228
  • Jul 28, 2023 12:45pm Jul 28, 2023 12:45pm
Quoting TheWraith
{quote} They work together to destroy us (retail traders) over and over again.
I hope that there are more competition between them. Else we are a very easy opponent for them.
There are definitely very big ones that can control the market to the pip value.

There was a case were gold dropped for for a couple of minutes 100 dollar and then up again in the Asian times. There was no news. There are big companies that can do like that. Imagine if you had an open trade in gold .
  • #762,229
  • Jul 28, 2023 12:54pm Jul 28, 2023 12:54pm
Quoting T721
GU UPDATE -- Next week analysis. If you follow, build small positions and add to thosefuckers on the way down Simples All ugotta do is RESPECT THE PISSINRISK {image} {image}
Cant shout on your profile for some reason, so just wanted to say thanks for the call. Feels good to identify the zones earlier in the day and have them confirmed by your analysis. Have some shorts at this current liq zone and will be adding on the way down if it goes that way.

As for my own analysis, I believe Monday will decide direction, if candle closes bullish we will go up for the rest of the week and vice versa. Weekly candle is a doji often cited as an "indecision" candle thus my belief that Monday will decide direction. I'm also of the belief that near the start of a trend a doji is more likely to be continuation, whereas near the end more likely to be a reversal candle. Daily has printed a LH however we have not yet broken the HL at 1.26 and potential liquidity zone below. A break of this level could indicate a long-term downtrend and take us a lot lower possibly even to parity sometime in 2024.

Whilst I don't really consider fundamentals in my trading for many reasons which I won't go into. From a fundamental perspective I'm bullish GU, US inflation is dropping like a rock and they will likely have to start lowering interest rates soon, alternatively the UK inflation has a long way to go and I see more rate rises in the future.
  • #762,230
  • Jul 28, 2023 1:01pm Jul 28, 2023 1:01pm
Quoting Ferna
{quote} thanks for the buy signal.
yo maybe pick a bone with someone who can actually trade? What is this shit? Some wavegarrick minion attack?
How to succeed in zero sum game?
  • #762,231
  • Jul 28, 2023 1:33pm Jul 28, 2023 1:33pm
Quoting Ferna
{quote} Ok, who? And why you implying Bignumbers can’t trade?
pick a bone with me
How to succeed in zero sum game?
  • #762,232
  • Jul 28, 2023 1:49pm Jul 28, 2023 1:49pm
Quoting Ferna
{quote} But you don’t really have anything to say regarding trading.
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How to succeed in zero sum game?
  • #762,233
  • Jul 28, 2023 1:59pm Jul 28, 2023 1:59pm
Quoting dempire1
{quote} pick a bone with me
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Trade at your own risk.
  • #762,234
  • Jul 28, 2023 2:06pm Jul 28, 2023 2:06pm
Quoting dempire1
{quote}{image}
You misunderstand, this is not about your trade success.

It is meant literally. 80% of your posts is either something about someone, a verb or some kind of emotion.

Sure you could be successful, i’m just saying you have nothing useful to say about trading.
You have an IQ lower than 90 if you interact with this user.
  • #762,235
  • Jul 28, 2023 2:24pm Jul 28, 2023 2:24pm
I did OK until Wednesday and lost all my gains yesterday and today.
I have no clue where it's going
  • #762,236
  • Jul 28, 2023 2:32pm Jul 28, 2023 2:32pm
Quoting Ferna
{quote} You misunderstand, this is not about your trade success. It is meant literally. 80% of your posts is either something about someone, a verb or some kind of emotion. Sure you could be successful, i’m just saying you have nothing useful to say about trading.
Unfortunately that's the case with 90% of people here. At one point I considered muting everyone who didn't discuss trading but then I realised I'd probs rarely see a post here. So I'll leave it for now and just enjoy the snippets of analysis we get here whether I agree or disagree. All analysis is important. It's just a shame all the shit that has to come along with it.
  • #762,237
  • Jul 28, 2023 2:47pm Jul 28, 2023 2:47pm
Quoting Ferna
{quote} You misunderstand, this is not about your trade success. It is meant literally. 80% of your posts is either something about someone, a verb or some kind of emotion. Sure you could be successful, i’m just saying you have nothing useful to say about trading.
ive been dealing with misinformation and scammer shitposters. Bullying the bullies. But at the end I agree it hasnt yielded any fruit just fun. And I do hope lots of people are not wasting their time on ict or other yt guru.

I have plenty to say about trading. But no one asked me anything so why would I say anything

What is useful in trading discussion?
How to succeed in zero sum game?
  • #762,238
  • Jul 28, 2023 2:50pm Jul 28, 2023 2:50pm
Quoting Scotteyy
{quote} Unfortunately that's the case with 90% of people here. At one point I considered muting everyone who didn't discuss trading but then I realised I'd probs rarely see a post here. So I'll leave it for now and just enjoy the snippets of analysis we get here whether I agree or disagree. All analysis is important. It's just a shame all the shit that has to come along with it.
We can make a new thread if you want. Only trades, everything else will be deleted and members blocked. What do you think?
I tried this once already, but there ain't too many real traders here.. perhaps if we make a new one we will attract some good traders there.

We can always come here on cable forum to have fun and laugh and eat popcorn while watching the show over the weekend.
It's nice to have fun here and laugh, but we're trading to pull ourselves out of the shithole we are currently in in life.
This ain't no f joke. If you are in the similar situation or want trading to be your job than we should get serious.

You can pick the name of the thread!
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  • #762,239
  • Jul 28, 2023 2:54pm Jul 28, 2023 2:54pm
Quoting TheWraith
{quote} We can make a new thread if you want. Only trades, everything else will be deleted and members blocked. What do you think? I tried this once already, but there ain't too many real traders here.. perhaps if we make a new one we will attract some good traders there. We can always come here on cable forum to have fun and laugh and eat popcorn while watching the show over the weekend. It's nice to have fun here and laugh, but we're trading to pull ourselves out of the shithole we are currently in in life. This ain't no f joke. If you...
Sure I’m up for it, will drop you a PM tomorrow bud.
  • #762,240
  • Jul 28, 2023 3:07pm Jul 28, 2023 3:07pm
Quoting Scotteyy
{quote} Unfortunately that's the case with 90% of people here. At one point I considered muting everyone who didn't discuss trading but then I realised I'd probs rarely see a post here. So I'll leave it for now and just enjoy the snippets of analysis we get here whether I agree or disagree. All analysis is important. It's just a shame all the shit that has to come along with it.
For me i don’t mind people socializing and doing that myself. It’s just when people go into automatic, emotional-driven behavior and cannot stop, it really shows an lack of self-control and an inability to change behavior.

I’m thinking to myself, maybe they never been into any real conflicts and never developed that part of the brain which deals with conflict and consequential thinking. Maybe it’s still at the development of the time they were children and they are stuck in this development stage forever?

It is sad cause i think many of them are smart people, and good traders. it makes me wonder which part of the brain are most active at their post: the analytical part or the emotion part?
Cause if alot of traders are here to sabotage for each other, it surely can be the emotional part.
And then reading even the most experienced traders analysis/views can be a big waste of time.
You have an IQ lower than 90 if you interact with this user.
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