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Cable Update (GBPUSD)

  • #771,541
  • Aug 31, 2023 11:03am Aug 31, 2023 11:03am
Quoting Robinhood1
{quote} Usdjpy More adding 145.46
I could be wrong but be careful pal
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  • #771,542
  • Aug 31, 2023 11:07am Aug 31, 2023 11:07am
Quoting Ferna
{quote} You’ve just got to know what to look for. I think this is the main problem, just like Peter describes: one has to learn risk.
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  • #771,543
  • Aug 31, 2023 11:12am Aug 31, 2023 11:12am
Quoting Robinhood1
{quote} Usdjpy More adding 145.46
If you're right, you started Buying at probably the best price.
  • #771,544
  • Aug 31, 2023 11:13am Aug 31, 2023 11:13am
Quoting T721
{quote} Has Chiko left the building ?
don't think so, hope not...
  • #771,545
  • Aug 31, 2023 11:14am Aug 31, 2023 11:14am
Quoting BeeTogether
{quote} Not seen him recently is he just taking time out?
probably, he does like to party...
  • #771,546
  • Aug 31, 2023 11:15am Aug 31, 2023 11:15am
Quoting navk
{quote} Bounce is on the way. Booked some good profits in NY session in my 200k ac. The other 100k ac. I did not trade in NY. Happy with that 0.6 % made after LO. And more than 1 % is more than enough in my 200k ac Now will scan thro important posts in prop funds thread. {image} {image}
well, i found again the price attractive to go long, took long.

Eventually, again stalled around ( time being ) 2670.

So, booked profit. 1.55 % in 200k ac. 0.75 % in 100k ac

Definitely calling it a day now.

Will goto sleep.

So be ready for tokyo open + 1 hr.
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Intraday only.
  • #771,547
  • Aug 31, 2023 11:18am Aug 31, 2023 11:18am
Quoting T721
{quote} Has Chiko left the building ?

He won't do that...
  • #771,548
  • Aug 31, 2023 11:19am Aug 31, 2023 11:19am
Quoting Wavegarrick
{quote} Hi Hans, The past month and some has been brutal for trend traders. Yes, I have sell trades up yonder and buy trades down below. My chart looks like a battlefield switching from short to long over the last month or so. So, to tell you the honest truth. I do not know if 1.3000 will come first or 1.2500. I try and position myself for the best possible scenario and will have to see how it plays out. Money management remains key for me at this point. Also last day of the month so touch and go. Cheers. {image}
Hi my friend,, thanks a lot for your good analysis
Do you think that in the current situation, the bottom of the scales will be heavier on the side of the pound and the euro than on the side of the dollar?
Half of the time, the market is building resistance and support levels, and
  • #771,549
  • Aug 31, 2023 11:30am Aug 31, 2023 11:30am
Hey everyone,

First off, shoutout to those who are sharing valuable insights on trading pairs, risk management, and technical analysis. It's great to see such active participation from rookies and seasoned traders alike.

On the topic of trading pairs, specializing in one isn't necessarily a limitation. If you're good at GU, why spread yourself thin? Focus on what you do best. However, diversifying a bit could provide additional opportunities, especially when your primary pair isn't moving in a favorable manner.

Speaking of timeframes, it's really a matter of personal preference and trading style. Some people find the M1 and M5 too noisy, but others thrive on the rapid decision-making these timeframes require. Like Ferna said, "You’ve just got to know what to look for." The best traders are adaptable and can scale their methods to various timeframes. Your strategy should dictate your timeframe, not the other way around.

Risk management remains a universally acknowledged cornerstone of trading. Whether you're scalping or position trading, keeping your risk to a manageable level—like T721 and donfriday mentioned with 0.25%—is crucial. The old saying, "Plan your trade and trade your plan," could not be more relevant here.

As for the discussion about the dramatic moves in USD/JPY, remember that the forex market is extremely volatile. You could find great setups in any pair if you know what you're looking for. For those betting on the USD dropping further, keep your eyes peeled for any economic news that could drive the market in either direction.

Lastly, it's indeed sad to see knowledgeable traders leaving the community. They add so much value and their absence is a loss for all of us. I hope they return because, at the end of the day, we're all here to learn and grow.

Cheers and good luck to all. Trade to trade another day!

Best regards,
100MDC
Follow me on my www.100milliondollarchallenge.com
  • #771,550
  • Aug 31, 2023 11:51am Aug 31, 2023 11:51am
Quoting Robinhood1
{quote} Usdjpy More adding 145.46
Holding all my long positions usdjpy and will be adding further below if that is the case
POSTMASTER
  • #771,551
  • Aug 31, 2023 11:58am Aug 31, 2023 11:58am
Quoting Ferna
{quote} I would focus more learning from professional traders, more so than smaller traders here just wanting to be heard. It is likely a case of the Blind leading the Blind in here(in all friendliness ofc) so it creates alot of noise - more so than in the charts. ICT is a good recommendation, and a fast track to useful information. Indeed there is alot of useful information even on the 1s chart. Alot better go few hours with ICT than exchanging the same amount of information here in about a year with a counterparty, alot more time efficient. https://www.youtube.com/watch?v=JOy9...S3S6-iVKGGGFWz...

i got depressing news for you and all the other dollar haters on FF

if you look at the monthly chart looks like price is targetting 107...thats right even above my initial analysis

so put your ICT crap on a monthly chart and tell me if you agree or not

ill post a chart later cause have to leave right now
short trump and go long the deepstate
  • #771,552
  • Aug 31, 2023 12:01pm Aug 31, 2023 12:01pm
its labor day weekend baby...every american gona eat till he drops and drink till he passes out all the while buying more dollars


next time i upgrade my computer and reregister using a new fake email account and password ill use B.A.M.F. as my username in honor of my countries currency
short trump and go long the deepstate
  • #771,553
  • Aug 31, 2023 12:05pm Aug 31, 2023 12:05pm
Quoting Zebi
{quote} i got depressing news for you and all the other dollar haters on FF if you look at the monthly chart looks like price is targetting 107...thats right even above my initial analysis so put your ICT crap on a monthly chart and tell me if you agree or not ill post a chart later cause have to leave right now

in all my excitement i forgot to add i got a monthly buy signal
short trump and go long the deepstate
  • #771,554
  • Aug 31, 2023 12:27pm Aug 31, 2023 12:27pm
Quoting Waveskierrob
{quote} Yea Pat was a breathe of fresh air but the jealous types couldn't handle his success as a trader and a teacher, now everyone misses out on his knowledge, cheers guys ...
Shame No one troubled him and no one said a word after he posted his buy trades which ended in a total loss. Have we seen him post his closed trades after that. Absolutely not. You sound like you are talking in his own words and talking for himWhy have you disappeared in the same time span?
This is not the first time Chiko disappears after losing trades. I cannot understand why? Admit your losses and move the fuck on. If you don't you have ulterior motives.
Cheers.
Trade to trade another day
  • #771,556
  • Aug 31, 2023 12:38pm Aug 31, 2023 12:38pm
Quoting Wavegarrick
{quote} Shame No one troubled him and no one said a word after he posted his buy trades which ended in a total loss. Have we seen him post his closed trades after that. Absolutely not. You sound like you are talking in his own words and talking for himWhy have you disappeared in the same time span? This is not the first time Chiko disappears after losing trades. I cannot understand why? Admit your losses and move the fuck on. If you don't you have ulterior motives. Cheers.
I don't understand why you are so bent out of shape about him. He was a trader who shared trading ideas. Sometimes they worked and worked well. Like any trader he had good and bad days. As you say move on.
  • #771,557
  • Aug 31, 2023 12:41pm Aug 31, 2023 12:41pm
Quoting dantpm
{quote} I don't understand why you are so bent out of shape about him. He was a trader who shared trading ideas. Sometimes they worked and worked well. Like any trader he had good and bad days. As you say move on.
Like I said, jealousy...
  • #771,558
  • Aug 31, 2023 12:48pm Aug 31, 2023 12:48pm
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}
So where's your post that you've closed you SHORTS with a modest profit...hypocrite...
  • #771,559
  • Aug 31, 2023 12:48pm Aug 31, 2023 12:48pm
Quoting Waveskierrob
Hidden
Harsh words man
Trade to trade another day
  • #771,560
  • Aug 31, 2023 12:50pm Aug 31, 2023 12:50pm
Quoting Wavegarrick
{quote} Harsh words man
...ask me if I give a fuck ...
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