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Cable Update (GBPUSD)

  • #775,101
  • Sep 15, 2023 1:52pm Sep 15, 2023 1:52pm
according you Quarters theory

the trend structure consists of 3 rise followed by 3 drop of correction

the money is on the left
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MY OPINION NOT FINANCIAL ADVISE
  • #775,102
  • Sep 15, 2023 2:00pm Sep 15, 2023 2:00pm
Quoting Waveskierrob
Hidden
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  • #775,103
  • Sep 15, 2023 2:00pm Sep 15, 2023 2:00pm
Quoting iusman23
{quote} I agree with you because 2 days before I was trading with my own analysis and was making a little profit, but today I was following this forum and noting points for learning, I beared loss. Now I am more confused. I need someone who can push start me. I am spending my nights without sleeping. i am learning and learning to trade. I know basics already. But confused about that why people think GBP/USD will go up, because I think it will hit 1.23***. I think that because UK is facing inflation and last weak all the news were red. Gas prices...
PA all the time changing, you must answear the question that you are swing trader, day trader or scalper, everybody here is diffrent so when you want catch the swing dont bother with fast scalpers here and viceversa, always use proper MM and will be fine
People don't plan to lose. They lose because they don't plan.
  • #775,104
  • Sep 15, 2023 2:01pm Sep 15, 2023 2:01pm
Quoting iusman23
{quote} I agree with you because 2 days before I was trading with my own analysis and was making a little profit, but today I was following this forum and noting points for learning, I beared loss. Now I am more confused. I need someone who can push start me. I am spending my nights without sleeping. i am learning and learning to trade. I know basics already. But confused about that why people think GBP/USD will go up, because I think it will hit 1.23***. I think that because UK is facing inflation and last weak all the news were red. Gas...
iusman23, if you knew better, you wouldn't seek advice here only stick to your playbook. You have to know TA and the methods we use here to objectively say that our analysis didn't pan out.
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Always trade your own plan...I don't provide trading signals.
  • #775,105
  • Sep 15, 2023 2:02pm Sep 15, 2023 2:02pm
Quoting iusman23
Hello mates, I am new to the trading, it's been 3 weeks I am trading with my funded account and cannot make profit. I am so confused with GBP/USD. My personal analysis says it will hit 1.2300 and them might go bullish to 1.2500 or maybe higher. Can someone help me to understand if I am right or wrong and if yes then why? and if no, then why? It will really help me a lot. Also, if there is some expert or an experienced trader who can get in touch with me out of this forum. It would be great to learn from him/her.
Zoom on weekend if you have time
  • #775,106
  • Sep 15, 2023 2:04pm Sep 15, 2023 2:04pm
Quoting iusman23
{quote} I agree with you because 2 days before I was trading with my own analysis and was making a little profit, but today I was following this forum and noting points for learning, I beared loss. Now I am more confused. I need someone who can push start me. I am spending my nights without sleeping. i am learning and learning to trade. I know basics already. But confused about that why people think GBP/USD will go up, because I think it will hit 1.23***. I think that because UK is facing inflation and last weak all the news were red. Gas prices...
Hit the nail on the head "nobody knows" its that simple, you can't control the market no matter how much news you read, the only thing you can control is your money management although your emotions will get in the way so learn to control your feelings also...
  • #775,107
  • Sep 15, 2023 2:04pm Sep 15, 2023 2:04pm
Quoting Wavegarrick
{quote} Ouch and now?. 374 pips draw down Better change that TE from Leonas worst nightmare to Dumpires worst nightmare. Cheers. {image}
Ouch even worse now. almost break even.
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Trade to trade another day
  • #775,108
  • Sep 15, 2023 2:05pm Sep 15, 2023 2:05pm
Quoting T721
{quote} Zoom on weekend if you have time
Sure, I would love to join the session.
Secret to the Price Action is Liquidity.
  • #775,109
  • Sep 15, 2023 2:06pm Sep 15, 2023 2:06pm
Quoting Wavegarrick
{quote} Ouch even worse now. almost break even. {image}
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  • #775,110
  • Sep 15, 2023 2:09pm Sep 15, 2023 2:09pm
Quoting Waveskierrob
{quote} {image}
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  • #775,111
  • Sep 15, 2023 2:10pm Sep 15, 2023 2:10pm
Quoting iusman23
{quote} Sure, I would love to join the session.
send me dm and we can figure out a time pal
  • #775,112
  • Sep 15, 2023 2:14pm Sep 15, 2023 2:14pm
Quoting iusman23
{quote} I agree with you because 2 days before I was trading with my own analysis and was making a little profit, but today I was following this forum and noting points for learning, I beared loss. Now I am more confused. I need someone who can push start me. I am spending my nights without sleeping. i am learning and learning to trade. I know basics already. But confused about that why people think GBP/USD will go up, because I think it will hit 1.23000. I think that because UK is facing inflation and last weak all the news were red. Gas prices...
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  • #775,113
  • Sep 15, 2023 2:15pm Sep 15, 2023 2:15pm
Quoting Wavegarrick
{quote} Ouch even worse now. almost break even. {image}
Dang, getting worse. Somebody stop the flood gates
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Trade to trade another day
  • #775,114
  • Sep 15, 2023 2:17pm Sep 15, 2023 2:17pm
Quoting iusman23
{quote} Sure, I would love to join the session.
Sent you dm
  • #775,115
  • Sep 15, 2023 2:17pm Sep 15, 2023 2:17pm
Quoting iusman23
{quote} I agree with you because 2 days before I was trading with my own analysis and was making a little profit, but today I was following this forum and noting points for learning, I beared loss. Now I am more confused. I need someone who can push start me. I am spending my nights without sleeping. i am learning and learning to trade. I know basics already. But confused about that why people think GBP/USD will go up, because I think it will hit 1.23000. I think that because UK is facing inflation and last weak all the news were red. Gas prices...
The three things that improved my trading significantly was:

1. Follow the trend ALWAYS, ideally it should align on multiple timeframes. 15m, 1H, 4H, 1D are all down, there are no reasons to be buying at this point. At least wait for a change of character on the 15m/1h before buying. (That would be a break of 1.2450 at this point).
2. Ignore fundamentals, especially if trading intra-day. It serves no use other than to pump volume into the market and take retail traders liquidity. If trading on a weekly/monthly timeframe then you may have a use-case for fundamentals.
3. Ignore this forum, I've been selling all day, I've been seeing people buying all day. It still puts doubts in my mind but more often than not I use this forum as a contrarian indicator nowadays. I'm not saying I've been the only person selling but your brain will trick you into only seeing the people buying because you want a reason to get out. Also bare in mind, you don't know there strategy and timeframes they trade on. I'm sure some people buying have made money today.
  • #775,116
  • Sep 15, 2023 2:19pm Sep 15, 2023 2:19pm
Quoting Wavegarrick
{quote} Dang, getting worse. Somebody stop the flood gates {image}
Leon have you been drinking...
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  • #775,117
  • Sep 15, 2023 2:21pm Sep 15, 2023 2:21pm
Quoting Waveskierrob
{quote} Leon have you been drinking... {image}
LMFAO
  • #775,118
  • Sep 15, 2023 2:25pm Sep 15, 2023 2:25pm
Quoting Wavegarrick
{quote} Dang, getting worse. Somebody stop the flood gates {image}
Oh my God, waiting to laugh at you when this trades gets green! Patience...
People don't plan to lose. They lose because they don't plan.
  • #775,119
  • Sep 15, 2023 2:33pm Sep 15, 2023 2:33pm
Have a great weekend guys, gotta get outta here bout to start zoom with iusman23 --- Ducks out
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  • #775,120
  • Sep 15, 2023 2:35pm Sep 15, 2023 2:35pm
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yes yes yes
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