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Cable Update (GBPUSD)

  • #772,581
  • Sep 5, 2023 1:41am Sep 5, 2023 1:41am
Quoting Konichiwhaat
{quote} Adding here. Possible exhausted and a nice roll over?
All out here at 2580 before multiple weekly and daily levels (crude phone snapshot as on the road). First and last trade of September. Back in October... enjoy trading
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Emotional Control. Process, not outcome.
  • #772,582
  • Sep 5, 2023 1:47am Sep 5, 2023 1:47am
Quoting ninner
I am just crushing it and almost made my monthly profit goal in 1 day lol!! Oh lord Fartdeen if you only knew the power of the dark side lol
Good job!

The thing with dark side however...

If one believes in the dark, he must acknowledge the light.
Then, how wise is to be on the dark side if we know the light enlightens and casts away the darkness?

"And the light shineth in darkness; and the darkness comprehended it not" - John 1:5
  • #772,583
  • Sep 5, 2023 1:50am Sep 5, 2023 1:50am
Quoting Dr.Zain
{quote} WHAT DID YOU SAY ???
I will no longer participate in this forum Dr Zain till the haters stop the abuse, good luck to all the decent people here, and to you
  • #772,584
  • Sep 5, 2023 1:55am Sep 5, 2023 1:55am
Quoting monaghan
{quote} I will no longer participate in this forum Dr Zain till the haters stop the abuse, good luck to all the decent people here, and to you
ok bye Monaghan hope to see you back soon!!
  • #772,585
  • Sep 5, 2023 2:11am Sep 5, 2023 2:11am
Quoting randu
{quote} still underwater.... it's ok for me... {image}
Not perfect entry.... will look another setup.
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  • #772,586
  • Sep 5, 2023 2:21am Sep 5, 2023 2:21am
bulls trap
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yes yes yes
  • #772,587
  • Sep 5, 2023 2:22am Sep 5, 2023 2:22am
1.2535 is my target
Am I being delusional?
  • #772,588
  • Sep 5, 2023 2:28am Sep 5, 2023 2:28am
Quoting BrainBucks
1.2535 is my target Am I being delusional?
Absolutely ...bcoz i am in long
  • #772,589
  • Sep 5, 2023 2:30am Sep 5, 2023 2:30am
Quoting GEfx
{quote} Peter gave you the best answer he can. He introduced the concept of constituency, which has nothing to do with your question, because he doesn't know how to answer your question. He said the GBP is a constituent base, which means that there are many elements that determine its value, which is true, but that has nothing to do with the correlation between the FTSE and the GBP. He then said, for some reason, "All industries and management and conservative departments. Each major centre of business and finance worldwide, has it's own constituent...
yes, thank you, this tip makes perfect sense and is logical. i can do something with it, i will continue to observe it.

well, maybe it will make me act less as a day trader, who usually closes positions on the same day or a little later. but good to know;-)
trading is like dancing, don't think and just listen to the music!
  • #772,590
  • Sep 5, 2023 2:35am Sep 5, 2023 2:35am
Quoting PeterCaleb
{quote} you cannot track what you do not understand. And you cannot trade what you cannot track. Simple common sense. Now go read my response to danger-mouse for added explanation. Peter
true...could be from an indian who is a good ferry reader and must know his prey well;-)
trading is like dancing, don't think and just listen to the music!
  • #772,591
  • Sep 5, 2023 2:41am Sep 5, 2023 2:41am
Quoting BrainBucks
1.2535 is my target Am I being delusional?
I'm targeting 1.25500. check sentiment retailers are buying the low lol
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  • #772,592
  • Sep 5, 2023 2:43am Sep 5, 2023 2:43am
longed GU, 10 pips SL
#Stay blue. /swinger/scalper/
  • #772,593
  • Sep 5, 2023 2:48am Sep 5, 2023 2:48am
Long 1.2570 SL 1.2530
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #772,594
  • Sep 5, 2023 2:49am Sep 5, 2023 2:49am
Quoting PeterCaleb
{quote} Using mt4, I opened a $200+ AUD account. Doing this keeps it realistic for someone to relate to the whats and whys. Seeing as its a basic account, it uses max 1:30 leverage on majors. While the margin reqd is low-ish, there's no choice than to do it manually and overlap orders as little as possible. I get around the games brokers play by manually trading. No I won't go into it more here or anywhere else as that is a no-no. Each person should do their research, placing multiple asset classes side by side from several different locations so...
"You track by being generic not specific/super-specific." ...i found this sentence helpful. and can only succeed with low leverage and wide stops.

why is it a no-no to talk about trading manually, to not let market makers look at your book?
trading is like dancing, don't think and just listen to the music!
  • #772,595
  • Sep 5, 2023 2:52am Sep 5, 2023 2:52am
Quoting Ferna
Notice that the dissolvement of the Volcker rule by chairman Jerome Powell in 2020 coincides good with economic crisis since then. The Volcker rule separated Commercial banks from Investment banks. Without it, it allows commercial banks to freely speculate with depositors money. It was implented in response to the 2007-2008 financial crisis. You can look at the massive rise of s&p500 one month after it’s dissolvement. Some say it was covid money, but would be more logical to say it was the freeing of money for the commercial banks to speculate....
You back again, where you bn
  • #772,596
  • Sep 5, 2023 3:01am Sep 5, 2023 3:01am
Quoting JereMi256
{quote} Still holding, if we break last Friday's low, I will hold for a swing to 1.246 with trialing stops!
Friday low broken, +SL set
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Face 'ur fears & tame 'ur greed
  • #772,597
  • Sep 5, 2023 3:01am Sep 5, 2023 3:01am
Morning all, a crazy drop this morning, haven’t had a chance to do my reading, is it data driven?
Insane in the Brain..
  • #772,598
  • Sep 5, 2023 3:03am Sep 5, 2023 3:03am
Quoting Yngwie
Long 1.2570 SL 1.2530
not good out -10p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #772,599
  • Sep 5, 2023 3:05am Sep 5, 2023 3:05am
Quoting BeeTogether
Morning all, a crazy drop this morning, haven’t had a chance to do my reading, is it data driven?
There hasn't been any data released today.
The news has the US deficit doubling this year but that doesn't appear to have had a negative impact unless traders believe this will cause US rates to rise.
  • #772,600
  • Sep 5, 2023 3:08am Sep 5, 2023 3:08am
Quoting Georginson
{quote} Sold as well at 1.2623, target is around 1.2576... I will change my bearish plan if price attacks 1.2700. This week may see a fall to 1.2480 area, something that should have happened last month.
Exited 1.2552... +71 pips.
Data + Stat + Risk/Emotions Management
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