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Cable Update (GBPUSD)

  • #772,721
  • Sep 5, 2023 9:45am Sep 5, 2023 9:45am
bought for 20 pips
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  • #772,722
  • Sep 5, 2023 9:46am Sep 5, 2023 9:46am
Quoting fontu
still waiting 2500 breaks and hold for 2460/00 play . , anyway they weekly levels ! and may a test early , now signal 2544 may test 2500 or so ! waiting and watching for targets! {image} {image}
If the Weekly closes Bearish, then it would close below Buy Zone line I have on the chart which indicates bigger sell is coming. We would probably visit 1.215 if that's the case, but way too early to tell.
  • #772,723
  • Sep 5, 2023 9:47am Sep 5, 2023 9:47am
Quoting Fardeen1209
{quote} Sir, here the 30mins FVG which lies inside the 4hr FVG The MID-point of the FVG majority of the time get hits = the most price can go based on the market reaction i have been accumulating for the last 1 1/2 years of spot forex majors {image} But they dont work the same for Daily/Weekly FVG and bitcoin and SPX
Fardeen, we never know which extension will be hit. As discretionary traders, we set our eyes on the swing we trade and execute our trades. There is always something else between.
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Always trade your own plan...I don't provide trading signals.
  • #772,724
  • Sep 5, 2023 9:47am Sep 5, 2023 9:47am
In at 1.25473 & 1.25903 with a target price of 1.267...
"No trade is still a trade." - Peter Borish
  • #772,725
  • Sep 5, 2023 9:51am Sep 5, 2023 9:51am
waiting Good Momentum TO SELL GU again.

Inserted Video
  • #772,726
  • Sep 5, 2023 9:51am Sep 5, 2023 9:51am
Quoting JereMi256
Long 1.2566 SL 1.2544
Closed -16pips
Face 'ur fears & tame 'ur greed
  • #772,727
  • Sep 5, 2023 9:53am Sep 5, 2023 9:53am
Quoting ServerUang
waiting Good Momentum TO SELL GU again.
right now no?
  • #772,728
  • Sep 5, 2023 10:03am Sep 5, 2023 10:03am
Quoting TheWraith
{quote} If the Weekly closes Bearish, then it would close below Buy Zone line I have on the chart which indicates bigger sell is coming. We would probably visit 1.215 if that's the case, but way too early to tell.
all those weekly levels plays , test , bounce may get enough time to next month real decision making . so with or without 1 st signal bear at 1.2308 play ok this month while this week may 2500/2475/50 lone may play . so range down but in a slow pace !
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #772,729
  • Sep 5, 2023 10:18am Sep 5, 2023 10:18am
Tough and Epic battles could be won from here. 1.26850 bears versus bulls at 1.25290. Break out on the upside could extend till 1.26197/1.26700 against the downside of 1.24850/ 1.24477. Upside in view for a rally
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Keep the Lights on then you can catch the rise from the dark.
  • #772,730
  • Sep 5, 2023 10:23am Sep 5, 2023 10:23am
Quoting Robinhood1
{quote} I expect the short from 147.49. Lets see
CHF/JPY
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  • #772,731
  • Sep 5, 2023 10:25am Sep 5, 2023 10:25am
Quoting AlfieSolomon
bought for 20 pips {image}
closed for 16+ pips
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  • #772,732
  • Sep 5, 2023 10:26am Sep 5, 2023 10:26am
Quoting TheWraith
{quote} I think 2% rule depends. With smaller size account, risking more isn't out of the question, because the account is small and earning enough money for it to matter can only be achieved if trader risks more than the traditional 2%. I'm not talking 10% or 20% on one trade, but 4% to 5% is necessity for smaller accounts in my opinion for it to be worth it. If average pay in your country is 1000 something, whatever, let's say USD and you have 10 000$ on your account, then risking 2% per trade is optimal. You'll have at least 15-20 trades a month...
The only protection against account burning is to use SL.
I thought this was worth mentioning. Although many people don't use this, I wonder how they handle unexpected situations.
  • #772,733
  • Sep 5, 2023 10:33am Sep 5, 2023 10:33am
Quoting Coreg2004
{quote} Fardeen, we never know which extension will be hit. As discretionary traders, we set our eyes on the swing we trade and execute our trades. There is always something else between. {image}
Agreed sir, i think this is the cost we pay in this business.
We never know how long the swing will ride or ready to reverse, but we can have an achieveable target in our mind and that lies on the chart.
More time in the market, does not mean you trade better!
  • #772,734
  • Sep 5, 2023 10:35am Sep 5, 2023 10:35am
a daily dollar close above the aug 25th candle will give me another buy signal which means it should breakout hier

i kid and call it a badass dollar but its beginning to even surprise me with its strength LOL

it seems like its taunting and daring the asian banks to dump it which will be a mistake cause will just go right back up once they stop

i dont know what the fundamental reasons are for the asian currencies drowning in the toilet and i dont want to know...

my own wild ass theory is theres some sort of military conflict gona happen over there and people running for dollars safe haven
short trump and go long the deepstate
  • #772,735
  • Sep 5, 2023 10:49am Sep 5, 2023 10:49am
Quoting tiborf71
{quote} The only protection against account burning is to use SL. I thought this was worth mentioning. Although many people don't use this, I wonder how they handle unexpected situations.
They probably lose two or three times more than was necessary.

Best Loser Wins is a great book in which it is explained that we as humans are terrible traders naturally. We want to avoid pain hence we close the winning positions too soon and losing trades too late. Without SL it's only a matter of time when the horrible trade and poor judging will lead to the whole equity being lost or huge chunk of it after which it's all over. Getting back from that is impossible to say the least.
  • #772,736
  • Sep 5, 2023 10:51am Sep 5, 2023 10:51am
Holding longs to 1.26
Extreme gut feeling trader
  • #772,737
  • Sep 5, 2023 10:54am Sep 5, 2023 10:54am
Quoting Moty
{quote} live signal {image}
THE trade was a loser
but good news
the indi isn't repainting
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yes yes yes
  • #772,738
  • Sep 5, 2023 10:57am Sep 5, 2023 10:57am
Im decided to buy GOLD now, already price maked some correction and in my eyes will be going up to magnet 2000 one more time, so first buy 1926 and pendings 1923, 1920, 1916, 1912 with SL 1885, target magnet 2000, please use proper MM, medium term trade
People don't plan to lose. They lose because they don't plan.
  • #772,739
  • Sep 5, 2023 11:00am Sep 5, 2023 11:00am
Same with GU, buyed some at 2550 where I closed mu shorts, have still active pendings 2530, 2520, 2510, 2500, I will add more if price slip under 2500 but not heavy, targeting 2850, 2900 with SL around 2400, medium term
People don't plan to lose. They lose because they don't plan.
  • #772,740
  • Sep 5, 2023 11:02am Sep 5, 2023 11:02am
Quoting TheWraith
{quote} CHF/JPY {image}
Usdjpy has gone a bit higher than expected but its okay. In fact, It was supposed to reach 147.80 but as it was pushed below 144.71, we have to do some deductions for squaring.
My target 140.00
POSTMASTER
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