Cable Update (GBPUSD) | Page 38378 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #767,541
  • Aug 16, 2023 2:47am Aug 16, 2023 2:47am
Waiting for 1.275-ish to close all my longs.
I know it may go higher up to 1.28 area but I don't wanna get too greedy with it.
Especially when Im already up by 40 pips.
Exhausted
  • #767,542
  • Aug 16, 2023 2:48am Aug 16, 2023 2:48am
Quoting DrDave
{quote} Clearly, FAKE NEWS! Officials never never make official announcements like that.
You're ironic or?

RBNZ Forecasts Now Show Small Chance Of Another Rate Hike And Show A Recession Starting In Q3 2023
  • #767,543
  • Aug 16, 2023 2:49am Aug 16, 2023 2:49am
Quoting PeterCaleb
{quote} Sorry if what I said made you react that way. I'm sure there's a pill or vaccination available for that kind of problem. Have fun sucking on the teet. Peter
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2023-08-16 at 08.46.06.png Size: 77 KB
  • #767,544
  • Aug 16, 2023 2:50am Aug 16, 2023 2:50am
Quoting T721
{quote} Funny thing is some people here still wont believe you and think you photoshitted your wins
doesn't bother me as don't read their posts any more, it's like a breath of fresh air, yep it's all about the money
  • #767,545
  • Aug 16, 2023 2:57am Aug 16, 2023 2:57am
My first long busted at be.
There is a saying that i still hold dear as day trader .
The sooner price goes in my favor, the longer i hold it. I got anxiety if the next candle after my entry not in my favor.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 10 KB
Don't mind me.. i'm crazy
  • #767,546
  • Aug 16, 2023 3:00am Aug 16, 2023 3:00am
Quoting TheWraith
{quote} You're ironic or? RBNZ Forecasts Now Show Small Chance Of Another Rate Hike And Show A Recession Starting In Q3 2023
You're ironic or?

It wasn't clear??
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 194 KB
To free Gazans of Hamas, use whatever it takes.
  • #767,547
  • Aug 16, 2023 3:05am Aug 16, 2023 3:05am
Quoting sajad.g
{quote} Hey mate, Appreciate your input and certainly, you've got some impressive insights gleaned from your 2 years of trading. However, I'd like to shed some light on a few points, if you'll entertain a different perspective. Firstly, Wyckoff's theory, as you know, was developed in the era of the stock market, but it's essential to remember that it was designed to decode the intentions of 'composite men' - the big players. The principle remains the same regardless of the market or the timeframe. The reason I find the 4H timeframe valuable when...
Agreed

Each individual approach the market differently, and each pip up or down represent an edge of a participant.

You very well explained the Wyckoff- shows you have a great understanding and more experience using the method, mind you shed some light on how the AR will determine the strength of the accumulation phases.
Something which i didn't fully understand from an objective perspective
More time in the market, does not mean you trade better!
  • #767,548
  • Aug 16, 2023 3:13am Aug 16, 2023 3:13am
Quoting purevenom
My first long busted at be. There is a saying that i still hold dear as day trader . The sooner price goes in my favor, the longer i hold it. I got anxiety if the next candle after my entry not in my favor. {image}
you must have had too tight a stop ?? you need to give it time to perculate
  • #767,549
  • Aug 16, 2023 3:14am Aug 16, 2023 3:14am
Quoting monaghan
My scalp for today target 12750 {image}
Target reached, enough for today
  • #767,550
  • Aug 16, 2023 3:16am Aug 16, 2023 3:16am
Quoting Fardeen1209
{quote} Agreed Each individual approach the market differently, and each pip up or down represent an edge of a participant. You very well explained the Wyckoff- shows you have a great understanding and more experience using the method, mind you shed some light on how the AR will determine the strength of the accumulation phases. Something which i didn't fully understand from an objective perspective
There are a million ways to trade --- no right way, no wrong way just your way.... you dont need or should be in the market trying to get every up n down move --- just wait for your A game, if that makes you money just keep repeating
  • #767,551
  • Aug 16, 2023 3:21am Aug 16, 2023 3:21am
Quoting T721
{quote} There are a million ways to trade --- no right way, no wrong way just your way.... you dont need or should be in the market trying to get every up n down move --- just wait for your A game, if that makes you money just keep repeating
Beg to differ:
There are right ways and wrong ways! Right ways are profitable. Wrong ways are not profitable.
  • #767,552
  • Edited 11:01am Aug 16, 2023 3:37am | Edited 11:01am
GU UPDATE ----- still doing what it should,, hopefully see the red circle hit or just a little higher would be nice to build shorts. will see how it goes...

AT LEAST I CONTRIBUTE HERE and hope some people follow to make money.... DONT SEE MANY OTHERS PROVIDING ANALYSIS --- dont matter if its right or wrong there is no shame in being wrong imo ....

A LITTLE LESS CONVERSATION A LITTLE MORE ACTION
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2023-08-16 at 09.33.38.png Size: 87 KB
  • #767,553
  • Aug 16, 2023 3:40am Aug 16, 2023 3:40am
Quoting T721
GU UPDATE ----- still doing what it should,, hopefully see the red circle hit or just a little higher would be nice to build shorts. will see how it goes {image}
I see no such thing as "building shorts", but instead building longs, short, medium and long term. Shorts might target a few hundred pips, but longs can target over a thousand pips easily.
Everyone can see the chart, but only a few can actually read it.
  • #767,554
  • Aug 16, 2023 3:43am Aug 16, 2023 3:43am
Quoting OnlineAddict
{quote} I see no such thing as "building shorts", but instead building longs, short, medium and long term. Shorts might target a few hundred pips, but longs can target over a thousand pips easily.
im looking to get to 125 or just below first but i could very well be wrong pal
  • #767,555
  • Aug 16, 2023 3:45am Aug 16, 2023 3:45am
GBP/CAD hit TP. SL at zero for other half.
  • #767,556
  • Aug 16, 2023 3:46am Aug 16, 2023 3:46am
Quoting T721
{quote}im looking to get to 125 or just below first but i could very well be wrong pal
You might get it, but long targets are safer, I think. And with a better RR ratio.
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 228 KB
Everyone can see the chart, but only a few can actually read it.
  • #767,557
  • Aug 16, 2023 3:46am Aug 16, 2023 3:46am
Quoting Fardeen1209
{quote} Agreed Each individual approach the market differently, and each pip up or down represent an edge of a participant. You very well explained the Wyckoff- shows you have a great understanding and more experience using the method, mind you shed some light on how the AR will determine the strength of the accumulation phases. Something which i didn't fully understand from an objective perspective
In the Wyckoff framework, the AR is an important component that often follows the completion of a distribution phase or a markdown and as you know it represents a strong bullish move that indicates the presence of significant buying pressure and potential accumulation taking place. The strength of the AR is important here.

When the AR produces a clear Market Structure Shift (MSS) on the 4-hour timeframe, it suggests a shift in the balance of power from sellers to buyers. This shift is a result of increased buying interest and participation from institutional or large-scale traders. MSS typically manifests as a higher high and higher low formation on the price chart.
The strength of the AR is dependent on these:

Magnitude and volume, higher volume during the AR shows higher conviction and participation from market participants, reinforcing strength of the accumulation phase.

Speed and momentum, an impulsive rally could be an indication of strong buying pressure and a potential imbalance between supply and demand.

Price structure, look for signs of absorption, where price temporarily pauses or consolidates within the AR, absorbing selling pressure. This absorption indicates that demand is meeting supply, potentially setting the stage for a continuation of the uptrend.

Retracement levels, after the AR, it's common for a retracement or pullback. The depth and duration of the retracement directly signifies the accumulation. A shallow retracement with limited selling pressure indicates strong demand and a potentially robust accumulation phase.

I'm just trying to learn stuff, apologies in case something was unclear or potentially incorrect.
  • #767,558
  • Aug 16, 2023 3:46am Aug 16, 2023 3:46am
R2 is @ 1.28175.
R1 is taken out.
  • #767,559
  • Aug 16, 2023 3:49am Aug 16, 2023 3:49am
rules of engagement
enter after two bar at least from the opposite side
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 17 KB



mister aussie mf , you are crooky like the rest , fy
Attached Image (click to enlarge)
Click to Enlarge Name: aud.png Size: 13 KB
yes yes yes
  • #767,560
  • Aug 16, 2023 3:52am Aug 16, 2023 3:52am
Quoting DrDave
{quote} to be constantly profitable a single stategy will never be enough. Single strategy has worked very well for me to be "constantly [consistently] profitable" for several consecutive years.
ye man i was writing fast while looking at the charts i was meaning not a "single strategy" in operativity but in analyzing, probably "single method" should fit better.
chaos is just unknown order
435 traders viewing now