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Cable Update (GBPUSD)

  • #777,861
  • Sep 25, 2023 8:03am Sep 25, 2023 8:03am
Quoting purevenom
{quote} Then my advise is to take trade at the more solid SnR that you have in your chart. "If this level break, trend might change" kind of SnR. It is tempting to collect every pips available and waiting is boring. But you see, the risk is greater. If you want to hone your skill with the less reliable SnR, the least you can do is lower your lot. Raise it when you build up your confidence.
Spot on!
  • #777,862
  • Sep 25, 2023 8:08am Sep 25, 2023 8:08am
Quoting purevenom
{quote} Then my advise is to take trade at the more solid SnR that you have in your chart. "If this level break, trend might change" kind of SnR. It is tempting to collect every pips available and waiting is boring. But you see, the risk is greater. If you want to hone your skill with the less reliable SnR, the least you can do is lower your lot. Raise it when you build up your confidence.
My most of the analysis are correct, price moves in the direction where I predict it. But, I'm losing confidence because I only get to make profit with only 1 trade a day. The rest one kept hitting SL. Even tho SL is not tight enough. MY GU spread is 4-5.
Secret to the Price Action is Liquidity.
  • #777,863
  • Sep 25, 2023 8:11am Sep 25, 2023 8:11am
They say:
"Follow the trend, the trend is your friend"

And I agree, I made my pips today with a couple of small positions...
But I say, follow the trend until it is exhausted, or until it reaches the support or resistance of the higher time frame

Attached Image (click to enlarge)
Click to Enlarge Name: 25-09-23.png Size: 5 KB


I'm out, took profit and sitting on my hands
Waiting to see if we are in a possible trend change area

Green pips to all
  • #777,864
  • Sep 25, 2023 8:14am Sep 25, 2023 8:14am
Quoting iusman23
{quote} I tried with no SL and went straight 15$ another loss. SL is quite necessary for me because I'm beginner. 1st day with 2nd account, already 100$ loss. I cannot even recover it now. I was targeting 200$ profit this week. But here we go. I'm no more buying GU.
iusman, you need to recognize when you go C-T, and when you go with the continuation trade. Very important. Choose your best 2 setups.
Attached Image (click to enlarge)
Click to Enlarge Name: Gu 09.25 15MB.png Size: 42 KB
Always trade your own plan...I don't provide trading signals.
  • #777,865
  • Sep 25, 2023 8:19am Sep 25, 2023 8:19am
pending long at 21840.. might miss the trades
but wont enter on FOMO will be following my system
  • #777,866
  • Sep 25, 2023 8:40am Sep 25, 2023 8:40am
Quoting iusman23
{quote} My most of the analysis are correct, price moves in the direction where I predict it. But, I'm losing confidence because I only get to make profit with only 1 trade a day. The rest one kept hitting SL. Even tho SL is not tight enough. MY GU spread is 4-5.
In your day trading analysis when you decide whether it is counter or continuation as Coreg said. Pick the extreme where it really look exhausted.
If your stop hit and it still going, then it isn't the extreme.
I know we want to put limit order and the price bounce right off so we can feel so proud.
But it is not less lit to wait a bit to see the level retested and get rejected again. If no retest, i know everybody find it hard including me.
It's ok to miss the trade.
Don't mind me.. i'm crazy
  • #777,867
  • Edited 8:56am Sep 25, 2023 8:44am | Edited 8:56am
Attached Image (click to enlarge)
Click to Enlarge Name: bandicam 2023-09-25 08-43-16-054.png Size: 27 KB

where do jew find S&R lawrow...VW
  • #777,868
  • Sep 25, 2023 8:44am Sep 25, 2023 8:44am
My account atm
Attached Image
How to succeed in zero sum game?
  • #777,869
  • Sep 25, 2023 8:46am Sep 25, 2023 8:46am
Quoting dempire1
My account atm {image}
Everything is ok, bro
  • #777,870
  • Sep 25, 2023 8:58am Sep 25, 2023 8:58am
Went long at 1.22134
TP, 1.22340
SL, 1.22086

If this makes it to my TP, it'll recover my losses.

At my TP, there is another Sell Limit placed with TP, 1.22110. It'll give me bonus profit.
Hoping for the best.
Secret to the Price Action is Liquidity.
  • #777,871
  • Sep 25, 2023 9:01am Sep 25, 2023 9:01am
I want to share the pain my UJ long tp missed by 1.4 pip
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 11 KB
Don't mind me.. i'm crazy
  • #777,872
  • Sep 25, 2023 9:04am Sep 25, 2023 9:04am
added another long 2216.3 off hourly


4H will prolly trigger a buy sig so trying to anticipate amd get in lower
short trump and go long the deepstate
  • #777,873
  • Sep 25, 2023 9:06am Sep 25, 2023 9:06am
In short 1.2215...resistance zone....tp- 1.2187
  • #777,874
  • Sep 25, 2023 9:06am Sep 25, 2023 9:06am
Quoting iusman23
Went long at 1.22134 TP, 1.22340 SL, 1.22086 If this makes it to my TP, it'll recover my losses. At my TP, there is another Sell Limit placed with TP, 1.22110. It'll give me bonus profit. Hoping for the best.

what timeframe you using trying to pick this bottom?
short trump and go long the deepstate
  • #777,875
  • Sep 25, 2023 9:12am Sep 25, 2023 9:12am
***NATO Hits Russian Navy Headquarters in Crimea***

Russia to respond...
War between US and Russia just became official
  • #777,876
  • Sep 25, 2023 9:14am Sep 25, 2023 9:14am
Quoting TheWraith
***NATO Hits Russian Navy Headquarters in Crimea*** Russia to respond... War between US and Russia just became official
might as well go cash the money in . But might not have a world to spend it in
  • #777,877
  • Sep 25, 2023 9:14am Sep 25, 2023 9:14am
Quoting Zebi
{quote} what timeframe you using trying to pick this bottom?
Analyzed it from M5 and M1, and used M1 to get in.
Secret to the Price Action is Liquidity.
  • #777,878
  • Sep 25, 2023 9:15am Sep 25, 2023 9:15am
***China and Saudi Arabia dumped a huge amount of US treasury holdings, buying Gold***
  • #777,879
  • Sep 25, 2023 9:15am Sep 25, 2023 9:15am
Quoting TheWraith
***NATO Hits Russian Navy Headquarters in Crimea*** Russia to respond... War between US and Russia just became official
I really do not want to get nuked before getting married on 7tch Oct. Gotta tell bride side to hurry up.
Secret to the Price Action is Liquidity.
  • #777,880
  • Sep 25, 2023 9:16am Sep 25, 2023 9:16am
Quoting TheWraith
***China and Saudi Arabia dumped a huge amount of US treasury holdings, buying Gold***
Russia vs US and then this, USD going down soon
Secret to the Price Action is Liquidity.
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