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Cable Update (GBPUSD)

  • #769,661
  • Aug 23, 2023 6:02am Aug 23, 2023 6:02am
Quoting Yngwie
{quote} Long 1.2628
long at 1.2625, SL 40 pips, TP TBC
  • #769,662
  • Aug 23, 2023 6:03am Aug 23, 2023 6:03am
Quoting T721
{quote} you starting to see the markets in a new way now ?
The larger fibs are much better for at least temporary turning points. Definitely makes it easier to navigate.
I have no clue where it's going
  • #769,663
  • Aug 23, 2023 6:06am Aug 23, 2023 6:06am
Quoting GEfx
{quote} Peter, you are a liar. Instead of taking the challenge to post live trades here, you posted "your results". Peter, it took you over 3 hours between your last post and the attached post to create this fake image. Do you think everyone here is an idiot? Oh wait, based on your history, the answer if yes. Posting false results adds to the observation that you are a fake and a liar. Really, three hours to come up with this? Or did you use that time to also Google all you could about pivots? Posing as a trader is fraudulent behavior, Peter. Let's...
Actually it's very funny. I'm old and wouldn't have a clue how to forge a picture to show fake results. So the egg's on your face. Wherever you work, or maybe you're still at school (wouldn't surprise me these days) it wouldn't impress me.

The one thing I find interesting is this - there are indeed people whom I have come in contact with on or from this kind of site and they remember very well people like you. Not you per say but the type. The kind of person who is actually convinced that everyone around is brainless and "needs" these sites. That everyone will bow down to the people on these sites etc. Baaa humbug pal. You didn't impress me back when we first met and you still don't. No slander re: you needed. I'm not an online twit.

People will believe whatever they want. A person's learning and personal experience/s will scream volumes beyond people like you and me. Therefore for people on here to agree with you and follow people like you are clearly either fake secondary accounts or just not too bright to begin with.


Have fun.


Peter
Real Trading is not gambling.
  • #769,664
  • Aug 23, 2023 6:08am Aug 23, 2023 6:08am
Quoting voeltoez
{quote} thanks..i just need 15pips to clear it all
It's moving...
I have no clue where it's going
  • #769,665
  • Aug 23, 2023 6:11am Aug 23, 2023 6:11am
Quoting Fardeen1209
{quote} GU {image} Any comment who see otherwise?
nice chart as always..
  • #769,666
  • Aug 23, 2023 6:11am Aug 23, 2023 6:11am
...wait
Emotional Control. Process, not outcome.
  • #769,667
  • Aug 23, 2023 6:11am Aug 23, 2023 6:11am
Quoting Moty
If the mf isn't stopping at 1.25900-1.26200 I don't know where it will stop
Hold it !!!!!!!!
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yes yes yes
  • #769,668
  • Aug 23, 2023 6:29am Aug 23, 2023 6:29am
We are at the point where you can literally Buy at 1.26 put SL 50-70 pips and TP at 1.33.
If Support fails, then don't Buy just Sell every pullback.

Next Support is at 1.18.
  • #769,669
  • Aug 23, 2023 6:33am Aug 23, 2023 6:33am
Quoting Whale
{quote} nice chart as always..
Thank sir
But it was better when one see the future
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Took it for the journaling of my shorts


Anyway thats hindsight.

Foresight one
Saw Wyckoff on 1hr, I lost my EW counts at this complex Wave 4, back when folks start talking about ABCDE WXY ABC Idk these wave counts yet.
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Someone here once said "if a corrective wave is complex, prepare for the next implusive wave to be shitty"

Any view on this move sir?
More time in the market, does not mean you trade better!
  • #769,670
  • Aug 23, 2023 6:34am Aug 23, 2023 6:34am
As often is the case, because the whole market is manipulated to the core, BRICS statement will probably come out as soon as price gets near the Support. If it does, then just Buy and hold, because price is then heading up.
  • #769,671
  • Aug 23, 2023 6:34am Aug 23, 2023 6:34am
Quoting dantpm
GU price is back close to the market open. Todays move so far has been a liquidity grab, up and down.
So it'd be 'fair' to say that "liquidity" is everpresent and evergreen for the "lifespan" of a/the market ??

So maybe people's misguided ideas of money availability is complete rubbish?

Just sayin.

Common sense puts food on the table and bullshit ends up on websites.

Again just sayin.


Peter
Real Trading is not gambling.
  • #769,672
  • Aug 23, 2023 6:40am Aug 23, 2023 6:40am
2680... max 2700 for next drop.

2620 may hold for today
Intraday only.
  • #769,673
  • Aug 23, 2023 6:42am Aug 23, 2023 6:42am
Quoting Pat Chiko
{quote} Good call on the trades you made 14 hours ago. But as a professional trader, trading is all about risk and reward. Every trade involves the potential to lose money, as well as the potential to make money. The goal of any trader is to maximize the potential rewards while minimizing the potential risks. Mathematically, you have 1:1 RR. Putting things into perspective. Here's the chart for clarity.{image}

I'm sorry but NO lifelong trader/money manager I know would concur with saying that trading is about risk and reward. Nor that it's about maximizing profits and minimizing risk. It is ALL about RISK and all the different type of Risk. The proceeds of your efforts are able to take care of themselves unless you're gambling of course. In this case you're screwed. You've deliberately put yourself behind the 8 ball. I laugh when I see or read about how gamblers believe they've gotten away with something profitable re: trading.

It's about time that bullshit rhetoric like this be put where it belongs .... in the garbage.

Pat you need to learn some things. As do others.


Peter
Real Trading is not gambling.
  • #769,674
  • Aug 23, 2023 6:45am Aug 23, 2023 6:45am
Quoting Konichiwhaat
...wait
...wait
Emotional Control. Process, not outcome.
  • #769,675
  • Aug 23, 2023 6:47am Aug 23, 2023 6:47am
Quoting dantpm
{quote} I actually follow Nala and understand his method. Nothing cryptic there.
So Nala's a price chart trader .... jeez no surprise there.

Sorry, didn't mean to butt in.
Real Trading is not gambling.
  • #769,676
  • Aug 23, 2023 6:54am Aug 23, 2023 6:54am
Quoting LifeRider
{quote} It's moving...
its flat..wait for news result
  • #769,677
  • Aug 23, 2023 6:58am Aug 23, 2023 6:58am
Quoting pipfarm
{quote} Might be time for the big short

Is today the day

D1 is close to a choch and bos all in one

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Follow The Markets Structure - Patience and Discipline
  • #769,678
  • Aug 23, 2023 6:59am Aug 23, 2023 6:59am
Catching knives at 1.25985.

Hoping it will be a steady support if only for a few days....
"No trade is still a trade." - Peter Borish
  • #769,679
  • Aug 23, 2023 7:01am Aug 23, 2023 7:01am
If people ever wonder why most of the human population are in such serious trouble, they only need to visit this thread and these sites.

Of course you'd have to get offline long enough to remove head from sphincter.

If you don't WANT to be stupid then don't BE stupid. A simple remedy.
Real Trading is not gambling.
  • #769,680
  • Aug 23, 2023 7:01am Aug 23, 2023 7:01am
GBPUSD SEL
DXY BUY
Attached Image(s) (click to enlarge)
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