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Cable Update (GBPUSD)

  • #768,121
  • Aug 17, 2023 11:18pm Aug 17, 2023 11:18pm
Quoting Konichiwhaat
{quote} 50 may hold. Closed second short. May close the first at the close of the next 15 min depending on structure
Still good. Still short on the original position
Emotional Control. Process, not outcome.
  • #768,122
  • Aug 17, 2023 11:19pm Aug 17, 2023 11:19pm
Quoting purevenom
{quote} {image} {image}
Those commissions are harsh for short time trades
Emotional Control. Process, not outcome.
  • #768,123
  • Aug 17, 2023 11:21pm Aug 17, 2023 11:21pm
Quoting Konichiwhaat
{quote} Still good. Still short on the original position
Yup H4 - M5 down for me atm.
So far keep getting rejected by H4 MA 200
Don't mind me.. i'm crazy
  • #768,124
  • Aug 17, 2023 11:24pm Aug 17, 2023 11:24pm
Today GU is sell day to me.

Yesterday high unlikely to break.
Intraday only.
  • #768,125
  • Aug 17, 2023 11:24pm Aug 17, 2023 11:24pm
Quoting Konichiwhaat
{quote} Those commissions are harsh for short time trades
Its round trip, so overall just like 1 pip spread. Well maybe 1-1.7 for GU on average.
Don't mind me.. i'm crazy
  • #768,126
  • Aug 17, 2023 11:27pm Aug 17, 2023 11:27pm
Did some quick sell and all closed.

Will see if i can get up for 2 am retail sales
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Intraday only.
  • #768,127
  • Aug 17, 2023 11:55pm Aug 17, 2023 11:55pm
Quoting purevenom
{quote} I was actually just trying to be funny. But it turn out it just prove a stereotype instead. Some of americans really are offended by everything. As scalper i'm grateful of the long term trader here that post charts. When my trades turn in profit fast, i have no clue where to aim. Their chart guides me where the interesting spots are in case i want to keep the trade longer.
true, actually the 5 min gave a nice opportunity just in the ast hour for a nice trade which aligned with the longer term trend. Hopefully you took it.
  • #768,128
  • Aug 18, 2023 12:04am Aug 18, 2023 12:04am
setting up for a nice short on the 4 hour tf....
  • #768,129
  • Aug 18, 2023 12:07am Aug 18, 2023 12:07am
I noticed a number of posts this week speaking of GU being hard to trade, uncertain in direction, and the like. The EU/GU/EG triad for D1/D2/W1 offers some insight into this.

1. Note the white line (W1) is down on all three pairs. (Care to take a guess at direction bias for the weekly?)
2. Note the GU currently going up on D1 (green line) and D2 (yellow line) while EU and GU are going down (red and magenta lines).
3. Based on #2, GU is NOT the preferred pair to be trading, but rather EG is preferred. GU is moving counter to W1 direction bias while EU and EG are moving with the W1 direction bias.
4. The relationships in #3 give an EXPECTATION that GU will be providing a "bumpy ride" whereas EG a much smoother ride.

No prices bars required--a "smoothed view" provides much less cognitive load.
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To free Gazans of Hamas, use whatever it takes.
  • #768,130
  • Aug 18, 2023 12:12am Aug 18, 2023 12:12am
@DRDave what are those lines you used to make the comparison?
  • #768,131
  • Aug 18, 2023 12:18am Aug 18, 2023 12:18am
Quoting DrDave
I noticed a number of posts this week speaking of GU being hard to trade,
uhm.. last two weeks have been very profitable honestly..nothing more simple free money up to +130% of my balance only by shorting cable.

Quoting Luxyus
Critical price 1.27293, a close above of next H4 candle and buyers can reach 1.27811. i m still on bearish side anyway and i ll short on that range, on weekly i still see cable has to bottom
Quoting Luxyus
looking at actual weekly candle cable for me is a scalping .... range atm is .27900-27120. By considering the economical developement i still consider cable on a bearish path in medium-long term. Then soer wil be my main strategy with some countertrend positions sometimes.
chaos is just unknown order
  • #768,132
  • Aug 18, 2023 12:29am Aug 18, 2023 12:29am
Quoting Konichiwhaat
{quote} Still good. Still short on the original position
"I" want 2720 (Monday high) or even better 2700 Monday open. But "they" may want 2800. Moving with the situation carefully
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Emotional Control. Process, not outcome.
  • #768,133
  • Aug 18, 2023 12:30am Aug 18, 2023 12:30am
Quoting Luxyus
{quote} uhm.. last two weeks have been very profitable honestly..nothing more simple free money up to +130% of my balance only by shorting cable. {quote} {quote}
I simply made an observation that several posts were made about GU being problematic to trade for several people and presented a possible explanation.
"Bumpy ride" does not speak to profitablity. Ones prowess in trading during what some consider "untradable" periods is irrelevant to the discussion.
To free Gazans of Hamas, use whatever it takes.
  • #768,134
  • Aug 18, 2023 12:44am Aug 18, 2023 12:44am
Quoting ninner
{quote} Quiz time Caleb, on the daily tf is gbpusd in a uptrend , downtrend or a range????
Been and gone. My part time GBPuSD activity for this week.


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I don't need to lie, cheat or manipulate. Take it or leave it. Now let's see how many cannot do maths and thus prove they don't trade anything but empty blows.


Peter
Real Trading is not gambling.
  • #768,135
  • Aug 18, 2023 12:46am Aug 18, 2023 12:46am
And done on a trading level most here can relate to. So you can relate to the figures and know it is doable to generate 5% per day over 5 instruments.

As i said, basic maths and some effort.


Peter
Real Trading is not gambling.
  • #768,136
  • Aug 18, 2023 12:47am Aug 18, 2023 12:47am
In long 1.2742....will be rocket post retail data
  • #768,137
  • Aug 18, 2023 12:48am Aug 18, 2023 12:48am
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  • #768,138
  • Aug 18, 2023 1:03am Aug 18, 2023 1:03am
Big miss in retail sales!!!
  • #768,139
  • Aug 18, 2023 1:07am Aug 18, 2023 1:07am
Quoting ninner
Big miss in retail sales!!!
will not change the short term will.
dxy will PB down before the next impulse.

IMO, based my own analysis
  • #768,140
  • Edited 2:18am Aug 18, 2023 1:08am | Edited 2:18am
Quoting Pat Chiko
{quote} GU LONG{image}
Thanks for posting all of your losing trades ahead of time so we all know exactly what not to do.
Trade at your own risk.
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