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Cable Update (GBPUSD)

  • #777,821
  • Sep 25, 2023 8:15am Sep 25, 2023 8:15am
Quoting shakmoney
{quote} So you switched to short
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #777,822
  • Sep 25, 2023 8:15am Sep 25, 2023 8:15am
...I wonder whether we'll see a 4th consecutive bearish-bodied dly candle today? Looking like it so far but not closed yet. Price @ the current dly lo into the 4hr part of the prev 4hr/dly sw lo zone that extends down to 2189 (@/around Dly S2,) below that a prev 4hr sw lo zone that extends down to 2178. Wkly S1 is @/around 2170. Dly S3 is the next pivot @/around 2148.


dly below
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Trader with an Edge.
  • #777,823
  • Sep 25, 2023 8:16am Sep 25, 2023 8:16am
1.215 is obvious this week.
Secret to the Price Action is Liquidity.
  • #777,824
  • Sep 25, 2023 8:18am Sep 25, 2023 8:18am
Maybe even 1.16 is in play.
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  • #777,825
  • Sep 25, 2023 8:23am Sep 25, 2023 8:23am
So when it was 1.25 everybody was looking at 1.30+
now its 1.22 everybody looking below 1.20 ?

Sounds good to me
COT: The precious data ignored
  • #777,826
  • Sep 25, 2023 8:23am Sep 25, 2023 8:23am
Quoting DrDave
{quote} if you have used it & still have it, then you just can compare if it give the same result as that picture Really, I am not interested enough in that to bother with such a comparison.
Then i'm not sure why we have this argument mate. I mean, you doubt my statement that "that" one tma in the pict. is repainting.
You said you use it and i might be wrong. But you really not interested enough to compare/prove it. Whahaaat....
You know, all i asked from the poster to test it before they use it & gave my caution from my experience with tma.
Don't mind me.. i'm crazy
  • #777,827
  • Sep 25, 2023 8:26am Sep 25, 2023 8:26am
[quote=kuroro001;14590435]So when it was 1.25 everybody was looking at 1.30+ now its 1.22 everybody looking below 1.20 ? Sounds good to me[/q
Very good Question.
  • #777,828
  • Sep 25, 2023 8:30am Sep 25, 2023 8:30am
scalped the Sh*t out of the M5 & M1 frame to recover some losses from the morning.
Im in profit again now
in wondering about yourself, you forgot what you came here to be part of
  • #777,829
  • Sep 25, 2023 8:38am Sep 25, 2023 8:38am
Laid back. Too laid back that exits could be better...
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  • #777,830
  • Sep 25, 2023 8:45am Sep 25, 2023 8:45am
Attached Image (click to enlarge)
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yes yes yes
  • #777,831
  • Sep 25, 2023 8:49am Sep 25, 2023 8:49am
I opened in profit with my new account and now I am again in loss just. because this GU is hitting my SL again and again and the moving in the TP direction. It hates me I guess.
Secret to the Price Action is Liquidity.
  • #777,832
  • Sep 25, 2023 8:50am Sep 25, 2023 8:50am
PA right now dedicated to all the "round-number enthusiasts."
It's your time to shine - Go get 'em!
  • #777,833
  • Sep 25, 2023 8:52am Sep 25, 2023 8:52am
Quoting iusman23
I opened in profit with my new account and now I am again in loss just. because this GU is hitting my SL again and again and the moving in the TP direction. It hates me I guess.
Perhaps try without SLs, albeit with lower lot sizing, since it seems your analysis is usually correct.
There are few things more frustrating in the whole wide world than analyzing and predicting correctly, only for PA to hit SL and then head right where you'd anticipated all along. And then some!
  • #777,834
  • Sep 25, 2023 8:55am Sep 25, 2023 8:55am
Quoting Sezavo
{quote} I love it, sold at 1.24000 targeting 1.20000 Add more position on any pullback.
Happy 200 pips drop!
Still 200pips more to drop.
Target still 1.20
I'm 360 pips in profit now, added two more positions. Fingers crossed!
  • #777,835
  • Sep 25, 2023 8:57am Sep 25, 2023 8:57am
1.2193 is the first bounce and it would touch 1.2250 but it'll pierce below 1.2193 and it'll look for the support 1.1973.
  • #777,836
  • Sep 25, 2023 8:58am Sep 25, 2023 8:58am
Quoting Zebi
{quote} i got up early to see if my orders got hit will add if get a 4H buy signal gona try holding till 2350 for 100+ pips im boolish baby

welp...im long with an avg of 2225 so at the moment im in a 8 pip DD...

havent had a 4H buy signal yet but ill add a small one if it signals cause id rather take a bigger size long on whats looking like a daily buy signal than ill hold for 2500 target if get that daily sig
short trump and go long the deepstate
  • #777,837
  • Sep 25, 2023 9:00am Sep 25, 2023 9:00am
Quoting iusman23
I opened in profit with my new account and now I am again in loss just. because this GU is hitting my SL again and again and the moving in the TP direction. It hates me I guess.


are you obligated to use stoploss orders for this challenge?...if not then dont


tou only need a stoploss when you leave the trade running and your away from the monitor
short trump and go long the deepstate
  • #777,838
  • Sep 25, 2023 9:09am Sep 25, 2023 9:09am
Quoting iusman23
I opened in profit with my new account and now I am again in loss just. because this GU is hitting my SL again and again and the moving in the TP direction. It hates me I guess.
How you put your stop? At swing low/high?
Just an idea, have an emergency stop pips away from that swing. Close manually when it close above/below it.
Not statistically tested it. But i think we can agree, a breakout is more convincing if the close is higher/lower from peak/valley.
Don't mind me.. i'm crazy
  • #777,839
  • Sep 25, 2023 9:10am Sep 25, 2023 9:10am
A "W" is in formation, we can see a price retest at 1.223* or 1.224* too. Waiting for the "W" pattern to complete before entry. It should clear all the losses with some bonus profits.
Secret to the Price Action is Liquidity.
  • #777,840
  • Sep 25, 2023 9:12am Sep 25, 2023 9:12am
for 12 pips
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yes yes yes
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