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Cable Update (GBPUSD)

  • #771,381
  • Aug 31, 2023 3:30am Aug 31, 2023 3:30am
Quoting ScalaFX
{quote} SL hit from all, revenge trade 5xlot for quick recovery enter 2720
closed partial now, loss from yesterday recovered plus some rest protected and now free ride, TP still 2500
People don't plan to lose. They lose because they don't plan.
  • #771,382
  • Aug 31, 2023 3:37am Aug 31, 2023 3:37am
Quoting ScalaFX
Started selling GOLD, first 1938, pendings 1940, 42, 44, 46, 48, 50 mid term SL 1960, TP under 1900, lets see
in plan, all positions active, now SL or TP price can go to 1970 and further or from now slowly slip to 1900 one more time, waiting...
People don't plan to lose. They lose because they don't plan.
  • #771,383
  • Aug 31, 2023 3:40am Aug 31, 2023 3:40am
Quoting Wavegarrick
{quote} My weekly pivot at 1.26404 still in play with really difficult conditions this week with an expanding triangle. I don't exclude an over shoot to 1.26500. I will be careful here too. Is GU finding a bottom at 1.25500? Really important to wait for price to move down or look for good clues before considering shorts. Cheers. {image}
I got out of all my sell trades for the last 2 weeks with a modest profit. I do not feel comfortable at all with shorts at this point. Price currently touching my daily pivot and I will be looking for bullish signals from here on wards.
Trade safe.
Cheers.
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Trade to trade another day
  • #771,384
  • Aug 31, 2023 3:47am Aug 31, 2023 3:47am
Dxy hourly chart. H&S breakdown. The chart is of yesterday. Price will retest 103.400 before continuing downtrend
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  • #771,385
  • Aug 31, 2023 3:54am Aug 31, 2023 3:54am
Secure 10pip and off to work
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  • #771,386
  • Aug 31, 2023 3:55am Aug 31, 2023 3:55am
Quoting Wavegarrick
{quote} I got out of all my sell trades for the last 2 weeks with a modest profit. I do not feel comfortable at all with shorts at this point. Price currently touching my daily pivot and I will be looking for bullish signals from here on wards. Trade safe. Cheers. {image}
Hi Leon, are you still holding your longs from 1.0xxxx till now?and still aiming to 1.37xxx?
almost everyone is bullish in DXY , and i feel that MM could reverse it to massive sell-off incoming days. also look at the chart that this thing is not able to break down below 1.25..it's hard situation to decide for long or short at this moment.
  • #771,387
  • Aug 31, 2023 4:03am Aug 31, 2023 4:03am
Quoting TheWraith
{quote} That's not fair! We'll see what awaits us tommorow pal!
Very few fair things at trading markets by the ones who set the rules. Big fish eats small fish
POSTMASTER
  • #771,388
  • Aug 31, 2023 4:05am Aug 31, 2023 4:05am
Hopefully its self explanatory, all the best traders
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  • #771,389
  • Aug 31, 2023 4:15am Aug 31, 2023 4:15am
Quoting monaghan
Hopefully its self explanatory, all the best traders {image}
People don't plan to lose. They lose because they don't plan.
  • #771,390
  • Aug 31, 2023 4:28am Aug 31, 2023 4:28am
Quoting Robinhood1
{quote} Very few fair things at trading markets by the ones who set the rules. Big fish eats small fish
Yeah..
  • #771,391
  • Aug 31, 2023 4:29am Aug 31, 2023 4:29am
Quoting Yngwie
Short 1.2726 SL 1.2756
Closed 50 pips
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #771,392
  • Aug 31, 2023 4:29am Aug 31, 2023 4:29am
Quoting BlackLotus
{quote} Peter, I'm very impressed by your reverse psychology statements which, I believe may confuse some traders. Personally, I've started to be successful once I've stripped all my charts from the lagging indicators and I started to follow the fundies and the R/S chart patterns. I have not seen you post any real traders only some comments on how to accept losses. Interesting concept if you get the drift. I'm new to FF and I would like learn from professional traders. While we're still on the topic, please see my UJ & GJ trade ideas which I've...
I have no need for, nor use for forceful manipulation techniques on people. I do not try to confuse people, merely to get them thinking. Fundies? Are they fun undies? I have spoken about many things and showed many things on these sites for all to peruse. I'm glad you are enjoying your trading.

Peter
Real Trading is not gambling.
  • #771,393
  • Aug 31, 2023 4:32am Aug 31, 2023 4:32am
Trading for today....... again .... 1 pair. 1% after costs. real account. real trading.

If you have a problem with that, it's your problem.


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Peter
Real Trading is not gambling.
  • #771,394
  • Aug 31, 2023 4:32am Aug 31, 2023 4:32am
Long small SL 1.2678 SL 1.2670
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #771,395
  • Aug 31, 2023 4:35am Aug 31, 2023 4:35am
Closed 30p
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  • #771,396
  • Aug 31, 2023 4:36am Aug 31, 2023 4:36am
Time to take long gu
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yes yes yes
  • #771,397
  • Aug 31, 2023 4:41am Aug 31, 2023 4:41am
So guys the most ridiculous thing just happened before I closed my last short position a minute ago.
I'd taken a hit from an initial long, and so when my Sell Stop got activated from the round number 2700, of course I was rooting for the Bears to dump this thing.
In the background I was playing a song titled Firestone by Kygo, then all of a sudden I was getting those dreaded retracements, and I kid y'all not when I tell you the price action followed the song's beat in precise lockstep for about 10 seconds or so! Like, for every beat of the song, there was a corresponding price movement. I'm utterly embarrassed to admit that with over a decade of trading under my belt, I had to turn down the music to stabilise price action And true to form the sudden spiking retraces settled IMMEDIATELY
Gosh no need to ask if I ever turned up the music again.
Might as well trash that sound system forever
  • #771,398
  • Aug 31, 2023 4:44am Aug 31, 2023 4:44am
Quoting birdland
{quote} ok, your english is good compared to mine, but complicated and awkward instead of simple;-) i looked at some of your older posts yesterday and there were a few better, useful ones among them. i'm not interested in the posts about the psyche. i'm aware of the fact that you can't live without a healthy psyche, but it's paralysing to read about it again and again. But what is interesting about the old posts are the mt4 indicators that you make available for download. where did you actually get them?
As I have stated many times, to you and others, real life requires concept building before rushing for the finishing line. So make good use of google or a paper dictionary and thesaurus. You'll be very surprised what you learn.

Re: psyche - keep it true and real. Most don't bother and fail to do their trading as world changes. As I have said - I'm not perfect but I have learned -- be honest about you and truthful about the people and the world around you. History has proven this is a good way to observe and learn. But don't "believe me", let Life show you and teach you.

FAR TOO MANY inhibitors on these sites, both structural and personal, so people need to actually learn and not just rely on copying and imitating.

As to the indicators I have no clue which ones you are referring to. I usually only use mt4 for testing or research with either a practice or live account, not live trading, but sure there are many very interesting indicators around.


Peter
Real Trading is not gambling.
  • #771,399
  • Aug 31, 2023 4:49am Aug 31, 2023 4:49am
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  • #771,400
  • Aug 31, 2023 5:01am Aug 31, 2023 5:01am
Quoting karankeni
I've been reading some tweets lots of people are staying away from trading for these 2 days due to uncertainty..what exactly is it all about any idea?
Why?
These 2 days are no different than any other days, and the trades remains 50-50.
I have net losses in "good" day, but net wins in bad day.
More time in the market, does not mean you trade better!
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