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Cable Update (GBPUSD)

  • #768,141
  • Aug 18, 2023 1:11am Aug 18, 2023 1:11am
Quoting Moty
{image}
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yes yes yes
  • #768,142
  • Aug 18, 2023 1:12am Aug 18, 2023 1:12am
Quoting ninner
setting up for a nice short on the 4 hour tf....
and this is what you are supposed to do!!!!!!!!
  • #768,143
  • Aug 18, 2023 1:12am Aug 18, 2023 1:12am
Quoting cablekingdom
In long 1.2742....will be rocket post retail data
It is better to let the data come out, then see how the chart (people) reacts. To enter before the data release is only a 50/50 shot. Better to get more information first, see the reaction, than work with it
Emotional Control. Process, not outcome.
  • #768,144
  • Aug 18, 2023 1:12am Aug 18, 2023 1:12am
From my perspective, looking at the daily, any rallies, like shorting opportunities for 1.25 or below
Compulsions can be hard to resist
  • #768,145
  • Aug 18, 2023 1:13am Aug 18, 2023 1:13am
Quoting Zebi
{quote} they did?...i wanted them to win it all just cause of their name
Compulsions can be hard to resist
  • #768,146
  • Aug 18, 2023 1:15am Aug 18, 2023 1:15am
Quoting Konichiwhaat
{quote} "I" want 2720 (Monday high) or even better 2700 Monday open. But "they" may want 2800. Moving with the situation carefully {image}
Closing half here. SL tight to 2750
Emotional Control. Process, not outcome.
  • #768,147
  • Aug 18, 2023 1:30am Aug 18, 2023 1:30am
Quoting Moty
{quote} {image}
Come on
Today i bringing some money back to my account
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yes yes yes
  • #768,148
  • Aug 18, 2023 1:30am Aug 18, 2023 1:30am
i believe it is at least going to test that 1.2692 high...have to see how it hits that bar.
  • #768,149
  • Aug 18, 2023 1:36am Aug 18, 2023 1:36am
Quoting ninner
i believe it is at least going to test that 1.2692 high...have to see how it hits that bar.
...and what is the price right now ...
  • #768,150
  • Aug 18, 2023 1:38am Aug 18, 2023 1:38am
Quoting ScalaFX
{quote} Im already selling now GJ 186.220, 186.300, 186.340, lets see I can make some more from this shorts
Im done the week with this trade trade safe folks
People don't plan to lose. They lose because they don't plan.
  • #768,151
  • Aug 18, 2023 1:41am Aug 18, 2023 1:41am
Uk data was a big miss however, it’s Friday north bears and bulls get to play. 127 area for a launch back to 12750?
Insane in the Brain..
  • #768,152
  • Aug 18, 2023 1:44am Aug 18, 2023 1:44am
Quoting Pat Chiko
{quote} GU LONG{image}
hope you cut your losses
  • #768,153
  • Aug 18, 2023 1:45am Aug 18, 2023 1:45am
Quoting Konichiwhaat
{quote} Closing half here. SL tight to 2750
2720 breach. SL to 2735
Emotional Control. Process, not outcome.
  • #768,154
  • Aug 18, 2023 1:56am Aug 18, 2023 1:56am
Quoting Fx3423454
{quote} Thanks for posting all your losing trades ahead of time so we all know exactly what not to do.
OOPS!
To free Gazans of Hamas, use whatever it takes.
  • #768,155
  • Aug 18, 2023 1:58am Aug 18, 2023 1:58am
Quoting Konichiwhaat
{quote} 2720 breach. SL to 2735
...and maybe finally, SL to 2720 before London open
Emotional Control. Process, not outcome.
  • #768,156
  • Aug 18, 2023 1:59am Aug 18, 2023 1:59am
Quoting Moty
{quote} Come on Today i bringing some money back to my account {image} {image}
Ohhhhhh, sorry man. I took some of your money yesterday. How about a falafel to make it up to you?
To free Gazans of Hamas, use whatever it takes.
  • #768,157
  • Aug 18, 2023 1:59am Aug 18, 2023 1:59am
OK there is that 4h correction i was talking about on GU

D1 is still above W1 but W1 is below MN1 so we assume the D1 swing is corrective and H4 PB is swing 2 so will trade swing 3 from an H1 entry

Now if this is an abc correction and we are in B then there must be an abc on H1 and there is one and quite a clean looking one.

3 options for entry

1. trend line break from H1
2. H1 swing trend back up with matching bars on H4 ie one set up, one set down, one set up
3. turning point at support from h4
Follow The Markets Structure - Patience and Discipline
  • #768,158
  • Aug 18, 2023 2:00am Aug 18, 2023 2:00am
Quoting shakmoney
{quote} hope you cut your losses
Maybe holding the long positions for a long-term investment?
To free Gazans of Hamas, use whatever it takes.
  • #768,159
  • Aug 18, 2023 2:03am Aug 18, 2023 2:03am
Quoting DrDave
{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.
I dont know u but i dont make money by searching explanation or participating in a discussion. In my post there was a solution if any has caught the sense
chaos is just unknown order
  • #768,160
  • Aug 18, 2023 2:06am Aug 18, 2023 2:06am
Quoting pipfarm
OK there is that 4h correction i was talking about on GU D1 is still above W1 but W1 is below MN1 so we assume the D1 swing is corrective and H4 PB is swing 2 so will trade swing 3 from an H1 entry Now if this is an abc correction and we are in B then there must be an abc on H1 and there is one and quite a clean looking one. 3 options for entry 1. trend line break from H1 2. H1 swing trend back up with matching bars on H4 ie one set up, one set down, one set up 3. turning point at support from h4
This current correction internal structure from the 15m is A 3 swings down B 3 swings up and C is a 5 wave impulse, so we could see the turn up today
Follow The Markets Structure - Patience and Discipline
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