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Cable Update (GBPUSD)

  • #772,741
  • Sep 5, 2023 11:04am Sep 5, 2023 11:04am
Quoting montygoldy
Holding longs to 1.26
Monty you are riskfighter ass hell, every time I see your account and positions I see what I must not doing, you are overlavered but I know this is your style, get rich or die tryin, but be carefull mate, I saw earlier that in that account was 13 or 14k, now is 2.5k
People don't plan to lose. They lose because they don't plan.
  • #772,742
  • Sep 5, 2023 11:11am Sep 5, 2023 11:11am
Quoting Robinhood1
{quote} 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
If I see a signal to Short from H4 I'll jump in! GL!
  • #772,743
  • Sep 5, 2023 11:12am Sep 5, 2023 11:12am
Quoting Ferna
{quote} For me there is few unexpected situations anymore. It was these red news today, but it usually reverts to mean. Setting up SL’s is basically making you a duck who walks over a shooting range. {image}
hey duck, always be behind the covers.
S/R.

  • #772,744
  • Sep 5, 2023 11:19am Sep 5, 2023 11:19am
Quoting TheWraith
{quote} 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.
This is why it is unnecessary to have large Drawdown, when you can simply stopped out and reverse the position(may use smaller lot size if not too comfortable with the entry level) this put some gain into the account- may cover future losses,or margin for the next trade or recover the losses you've just incurred.
Because if the drawdown gets too large, then dude will hoping. Not good for trading and mental state.
More time in the market, does not mean you trade better!
  • #772,745
  • Sep 5, 2023 11:27am Sep 5, 2023 11:27am
Quoting Ferna
{quote} You could basically draw a treasure map, hand it to them and say: here is my plan, i trust you not to take my money. Support and resistance.. well ain’t taking that debate as it would ruin my entertainment. I would say it’s relative as for example the GU ain’t returning to 2,00 and above anytime soon, i see strong market resistance to such a move, both in time and price.
of course, do as you like.
  • #772,746
  • Sep 5, 2023 11:33am Sep 5, 2023 11:33am
Quoting ScalaFX
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
Scalafx don't buy gold allow it to breathe before buying it
Just allow seller to push price down to 914.398
All else your stop loss we get hot
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Tradeing is not your mate
  • #772,747
  • Sep 5, 2023 11:37am Sep 5, 2023 11:37am
Love when all my positions are all green…. Up 13% this week . Probably time to close it down for this week. No use getting greedy lol
  • #772,748
  • Sep 5, 2023 11:45am Sep 5, 2023 11:45am
Quoting ScalaFX
{quote} Monty you are riskfighter ass hell, every time I see your account and positions I see what I must not doing, you are overlavered but I know this is your style, get rich or die tryin, but be carefull mate, I saw earlier that in that account was 13 or 14k, now is 2.5k
this is fun accounts bro… small deposit to get rich trying .. btw my regular trading account is million times more conservative …. As well as trading is my hobby and aiming to build enough equity to go fulltime… which i think with my conservative pace will take 3-4 years… thats why play around with these casino accounts to fast track the progress…using offshore brokers with high leverages..
Extreme gut feeling trader
  • #772,749
  • Sep 5, 2023 11:49am Sep 5, 2023 11:49am
the strategy is improving
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yes yes yes
  • #772,750
  • Sep 5, 2023 11:54am Sep 5, 2023 11:54am
Quoting montygoldy
{quote} this is fun accounts bro… small deposit to get rich trying .. btw my regular trading account is million times more conservative …. As well as trading is my hobby and aiming to build enough equity to go fulltime… which i think with my conservative pace will take 3-4 years… thats why play around with these casino accounts to fast track the progress…using offshore brokers with high leverages..
3-4yrs -- wont take that long, get on zoom or skype with me once i feel better. Still got covid and sleeping most of the day right now
  • #772,751
  • Sep 5, 2023 12:19pm Sep 5, 2023 12:19pm
Quoting Wavegarrick
{quote} Damage control: Closed 3 buy trades today for 53 pips loss. {image} {image} {image} I have 12 buy trades and 14 sell trades overall, it is a matter of time before direction becomes clear to me. {image} I have done my best to help as many traders here since 2017 and it seems that my best is not good enough. Scamming is totally out of my dictionary, however the hate gang is onto me. If I don't provide proof for each and every trade opened/closed they will find ways to discredit me or label me as a scammer. Enough is enough and I will post...
Gu setting up for sell trades. 1.250000 next target.
Cheers.
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Trade to trade another day
  • #772,752
  • Sep 5, 2023 12:54pm Sep 5, 2023 12:54pm
Quoting Nordling
GOLD long from 1939 SL at 1928
SL hit. Tomorrow's US Services PMI can start the bullish momentum we are waiting for (if it disappoints). Current bearish momentum is driven by last week's good US PMI numbers. No unemployment, no gdp. Tomorrow, the pmi data can put an end to this, since service sector makes up the biggest part of the us gdp.

I will be looking for GU and EU long opportunities if the Services PMI comes lower than expected
You have to have an IQ higher than 90 to interact with this user.
  • #772,753
  • Sep 5, 2023 12:57pm Sep 5, 2023 12:57pm
Quoting montygoldy
{quote} this is fun accounts bro… small deposit to get rich trying .. btw my regular trading account is million times more conservative …. As well as trading is my hobby and aiming to build enough equity to go fulltime… which i think with my conservative pace will take 3-4 years… thats why play around with these casino accounts to fast track the progress…using offshore brokers with high leverages..
wish you this milion buddy, trade safe!
People don't plan to lose. They lose because they don't plan.
  • #772,754
  • Sep 5, 2023 12:58pm Sep 5, 2023 12:58pm
Quoting Ferna
{quote} You a pensioner or a pimp? https://www.youtube.com/watch?app=desktop&v=w5uM9mtr8nE
Farsa, whats your trading going?
People don't plan to lose. They lose because they don't plan.
  • #772,755
  • Sep 5, 2023 1:07pm Sep 5, 2023 1:07pm
i will look for sell signal at 1.2600/17 level tomorrow . target 1.2484 level.
  • #772,756
  • Sep 5, 2023 1:11pm Sep 5, 2023 1:11pm
Still waiting for breakout for 2500 and down play! Usdx successfully broken the 1st signal for bull, gu still at corresponding high running!! So when start fall may to reach below 1.2308 in short time, weekly / monthly sr to interact though. Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #772,757
  • Sep 5, 2023 1:16pm Sep 5, 2023 1:16pm
Quoting montygoldy
{quote} this is fun accounts bro… small deposit to get rich trying .. btw my regular trading account is million times more conservative …. As well as trading is my hobby and aiming to build enough equity to go fulltime… which i think with my conservative pace will take 3-4 years… thats why play around with these casino accounts to fast track the progress…using offshore brokers with high leverages..
Hello bro,. Fun account you mean demo or...
Please I need an account,. One that I can get percentages off,. Like a prop account..
Just that I don't have dollars to buy one..
Any help?
  • #772,758
  • Sep 5, 2023 1:23pm Sep 5, 2023 1:23pm
I assume the AUD is waiting for the GDP news.
  • #772,759
  • Sep 5, 2023 1:32pm Sep 5, 2023 1:32pm
GBP/USD

Based on the Hourly TF, while we still don't have a signal to go Long, candles are closing just right for Long to become a possibility tommorow.
We'll see before Franky what the situation will look like.

By looking at the Weekly TF, because of today, the Weekly candle dropped below the Support at 1.256. However, the price has returned above the Support as this day nears its end. Weekly would have to close below this Support before we can start talking about lower levels like 1.243 and 1.211. Still clueless about the real direction on GBP/USD.

M15 and M30 confirmed Long. Waiting for H1 tommorow to decide the direction.
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  • #772,760
  • Sep 5, 2023 1:49pm Sep 5, 2023 1:49pm
Quoting Ferna
{quote} aight so SL on the longs, but you are new long? What signals u seeing?
Not yet, i gotta see the PMI data in order to go long again.

So first of all, FED will either hike or pause. They said they are data dependant, so i am sure they will consider unemployment data, gdp growth rate, pmis, pce and cpi numbers. My logic is simple:

1. GDP, lower than forecast. (signalling no hike)
2. Unemployment Rate, higher than forecast (no hike again)
3. PMI, not gonna lie they are better than other countries but still tomorrow's data will be the most important PMI this month. So if it disappoints, i will take it as a no hike signal.
4. PCE in line with the forecast, not a strong hike or pause signal.
5. CPI numbers will also play a crucial part in betting the rate hikes.

I know that my trades didn't work out, but interestingly, i was right about the rate hike bets. But it didn't show up in price. Value of USD and rate hike bets are usually correlated strongly, but something is off lately. Idk why. One week ago, probability of a rate hike pause was 86%, now it is 93% but USD continues to go up. This is a rare situation
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