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Cable Update (GBPUSD)

  • #767,841
  • Aug 17, 2023 1:32am Aug 17, 2023 1:32am
Quoting PeterCaleb
{quote} I don't see the sense in the push for everyone to be "lighting up" or "vaping" etc. People showing their ignorance once again re: such a thing. Unless the plan is to get everyone so hooked and mello, that they don't realize what's been done to them. Gods help future generations of truly ignorant souls.
How about reality for so many people is neither satisfying nor fulfilling, and they discovered that there are other simple ways to achieve those missing aspects of life.
To free Gazans of Hamas, use whatever it takes.
  • #767,842
  • Aug 17, 2023 1:34am Aug 17, 2023 1:34am
False break in making?!?!?!?
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yes yes yes
  • #767,843
  • Aug 17, 2023 1:37am Aug 17, 2023 1:37am
Quoting Konichiwhaat
{quote} mmm, I give the set up a B- only, so long here, but only 0.5% risk
Half closed with 15 pips. SL to BE. Second half will trail
Emotional Control. Process, not outcome.
  • #767,844
  • Aug 17, 2023 1:43am Aug 17, 2023 1:43am
Quoting pipfarm
This GBPUSD is a a pain 4H has made the first correction after the D1 downswing but H1 is refusing to break down, on H1 we currently have the first pullback, but considering the Daily close is above the weekly i might give this one a miss, having said that i have seen it where the swing 5 which we are currently in does pull back into the weekly before continuing down, so will have to decide later what to do. {image} {image}

PS.

Wave 5 subdividing 3-3-3-3-3 which is why it is a pain to trade so always best to take the first PB after the breakdown , could even drop to the 15 and try and get in a bit closer to the top as the H1 swing breaks down that is if it does.

Lets see what the reaction is as it hits that RBS area i market in my previous post.
Follow The Markets Structure - Patience and Discipline
  • #767,845
  • Aug 17, 2023 1:48am Aug 17, 2023 1:48am
1.2720. It's all that matters to bears.
  • #767,846
  • Aug 17, 2023 2:01am Aug 17, 2023 2:01am
cable still in range, and i still will not trade against dollar . start shorting again
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chaos is just unknown order
  • #767,847
  • Aug 17, 2023 2:07am Aug 17, 2023 2:07am
Quoting Yngwie
Long 1.2713 SL 1.2693
Closed for 30p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #767,848
  • Aug 17, 2023 2:11am Aug 17, 2023 2:11am
Quoting donfriday
{quote} getting funded mean buying power u buy 100k acc for 500$ maxx dd 10-12% 10k-12k you pass you receive ur 500$ back you manage 10-12k if you fund ur account with 500$ will are you going to have 10k of margin? passing is not that easy strict rules base on proper Money management
I didnt say it easy to pass, i dont know what are the rules.

but i do think it kind of weird thing to marketing the nostro trade to entire public depend on tests.

i'm using local broker only due to tax policy of my country, it makes thing in Bureaucratic terms easier.

But anyway. Good luck with the buying power
  • #767,849
  • Aug 17, 2023 2:18am Aug 17, 2023 2:18am
GOLD

in tandem with GU.
pull back for wave 4.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #767,850
  • Aug 17, 2023 2:21am Aug 17, 2023 2:21am
Quoting pipfarm
This GBPUSD is a a pain 4H has made the first correction after the D1 downswing but H1 is refusing to break down, on H1 we currently have the first pullback, but considering the Daily close is above the weekly i might give this one a miss, having said that i have seen it where the swing 5 which we are currently in does pull back into the weekly before continuing down, so will have to decide later what to do. First retest of RBS failed , good indication of no more liquidity up there {image} {image}
H1 is refusing to break down
That's because it is H2 that is making a return up before the H4 down move can kick in.
(More TFs = more important intel.)
To free Gazans of Hamas, use whatever it takes.
  • #767,851
  • Aug 17, 2023 2:26am Aug 17, 2023 2:26am
Quoting DrDave
{quote} H1 is refusing to break down That's because it is H2 that is making a return up before the H4 down move can kick in. (More TFs = more important intel.)

Thank you ,

I do not need to check all timeframes, happy as i am with 3 , it works so no point to try and fix it
Follow The Markets Structure - Patience and Discipline
  • #767,852
  • Aug 17, 2023 2:33am Aug 17, 2023 2:33am
Quoting Whale
{quote} I didnt say it easy to pass, i dont know what are the rules. but i do think it kind of weird thing to marketing the nostro trade to entire public depend on tests. i'm using local broker only due to tax policy of my country, it makes thing in Bureaucratic terms easier. But anyway. Good luck with the buying power
i do think it kind of weird thing to marketing the nostro trade to entire public depend on tests
LOL.

They are running a BUSINESS. How can they EASILY and READILY make money every day with little effort? Hook the mass of retail traders with a KNOWN record of ~70% blowing trading accounts. Retailer pays a "small" fee to prove that he can trade "responsibly" and profitably and the company has a good chance of some long-term income via their cut of the winnings. But the company knows that most retailers will blow the trial, so money into the company coffers. And most of the losers will try at least one more time with same result, so more money into the company coffers. And the line of retailers ready to pay up for a shot at winning is never ending=money into the company coffers is never ending. And for most of the firms, the successful traders STILL have some rules to adhere to to keep the funded account. And most of the traders that lose the funded account will PAY again to either keep the account or have yet another attempt.
To free Gazans of Hamas, use whatever it takes.
  • #767,853
  • Aug 17, 2023 2:36am Aug 17, 2023 2:36am
Quoting DrDave
{quote} H1 is refusing to break down That's because it is H2 that is making a return up before the H4 down move can kick in. (More TFs = more important intel.)
i’m waiting for H16, H32, H64; H128, H256… to be in alignment before i make my next move.
You have an IQ lower than 90 if you interact with this user.
  • #767,854
  • Aug 17, 2023 2:37am Aug 17, 2023 2:37am
Quoting pipfarm
{quote} Thank you , I do not need to check all timeframes, happy as i am with 3 , it works so no point to try and fix it
Just offering folks that are reading this thread some additional information that can provide a simple explanation for what may appear to be difficult to explain behavior.
To free Gazans of Hamas, use whatever it takes.
  • #767,855
  • Aug 17, 2023 2:37am Aug 17, 2023 2:37am
Very soon fundamentals will start driving the exchange rates, so technical analysis won't be as necessary anymore.
Just my opinion.
  • #767,856
  • Aug 17, 2023 2:38am Aug 17, 2023 2:38am
Quoting Robinhood1
{quote} I kindly disagree. Wether a trader comes from any social class, he/she will not be able to live off trading nowadays because AI has taken control of markets. If you consider that 99% lose on their own inability, the other 1% are tracked down by the corporation that runs AI. Most richest people come from low class. Just think of companies like Amazon. In fact, grandfather makes a Fortune, son sustains It and grandson ruins It. In general, Lower class people experience how hard it is to create wealth.

So I understand Robinhood that you have your own business or other job and Trading is just an addition to life?
  • #767,857
  • Aug 17, 2023 2:39am Aug 17, 2023 2:39am
Quoting Ferna
{quote} i’m waiting for H16, H32, H64; H128, H256… to be in alignment before i make my next move.
Great! So you're quite the long-term trader then.
To free Gazans of Hamas, use whatever it takes.
  • #767,858
  • Aug 17, 2023 2:44am Aug 17, 2023 2:44am
1.2745 need to hold for bears
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #767,859
  • Aug 17, 2023 2:46am Aug 17, 2023 2:46am
Quoting DrDave
{quote} Just offering folks that are reading this thread some additional information that can provide a simple explanation for what may appear to be difficult to explain behavior.
Well thank you again

however i do not have H12,H23,H56,H97, and neither does anyone else , so means nothing to me.

Maybe you should post your modified HMAs then we can follow along with you , besides i also look at Price action itself , not relying solely on indicators
Follow The Markets Structure - Patience and Discipline
  • #767,860
  • Aug 17, 2023 2:47am Aug 17, 2023 2:47am
Quoting DrDave
{quote} But the problem is, it is likely that what you know is the same that your parent knows. And if what you know leads to "undesirable" consequences, then you likely would find it beneficial if you could be exposed to some alternatives. The paper also pointed out that when 2 people marry and one has good money management skills and the other does not, the one with the good skills tends to take control and get the other out of the hole he has dug himself into. And in some cases, the one with poor skills actually learns from the other and drops...



could you give a link to this article where it is marked because I was interested in it, I would be very grateful
Regards
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