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Cable Update (GBPUSD)

  • #778,561
  • Sep 27, 2023 1:53pm Sep 27, 2023 1:53pm
Quoting TheWraith
We were cursing strong USD last year and we are cursing strong USD this year as well hahahah... Seriously... USD needs to chill! It's not fun anymore..
Yes. Check out how powerful weekly EMA 200 was, to hold all the trend and reverse! Wow.
  • #778,562
  • Sep 27, 2023 1:56pm Sep 27, 2023 1:56pm
[quote=JereMi256;14594571]
Quoting dempire1
{quote} Bulls might hold the lows. If they do, tomorrow may be the day we have long waited for. {image}

ooh finally. Yea it seems that from tomorrow it’s safe to buy
How to succeed in zero sum game?
  • #778,563
  • Sep 27, 2023 1:58pm Sep 27, 2023 1:58pm
it is going below 1.21 regardless
  • #778,564
  • Sep 27, 2023 1:58pm Sep 27, 2023 1:58pm
[quote=dempire1;14594596]
Quoting JereMi256
{quote} ooh finally. Yea it seems that from tomorrow it’s safe to buy
Damn croocks like Moty likes to say
How to succeed in zero sum game?
  • #778,565
  • Sep 27, 2023 1:58pm Sep 27, 2023 1:58pm
Zebi, many of us where dollar bullish from start of the year, GBP was a toilet paper, only was rising with RS new ideas. Fake things don't last long though.

Keep it strong and believe in three back crows same as 3 white solders. It's a sign .
  • #778,566
  • Sep 27, 2023 1:58pm Sep 27, 2023 1:58pm
GBP/USD is getting more unpredictable for me day by day. I entered sell limits without SL. And now, I have $60+ drawdown. damn!!!
Secret to the Price Action is Liquidity.
  • #778,567
  • Sep 27, 2023 2:01pm Sep 27, 2023 2:01pm
Quoting shakmoney
it is going below 1.21 regardless
This huge retracement will drop it to 1.20165 I guess.
Secret to the Price Action is Liquidity.
  • #778,568
  • Sep 27, 2023 2:02pm Sep 27, 2023 2:02pm
Quoting iusman23
GBP/USD is getting more unpredictable for me day by day. I entered sell limits without SL. And now, I have $60+ drawdown. damn!!!
Look.

I have shown a very nice example of how to lose over 200 trades and still be alive and remain super calm. There are two main things for you to learn from it and they are …. and …..
How to succeed in zero sum game?
  • #778,569
  • Sep 27, 2023 2:02pm Sep 27, 2023 2:02pm
Quoting TheWraith
We were cursing strong USD last year and we are cursing strong USD this year as well hahahah... Seriously... USD needs to chill! It's not fun anymore..
Good sell opportunity approaching on UJ, double top end on Sunday, 1st of Oct?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20230927-200002~2.png Size: 41 KB
  • #778,570
  • Sep 27, 2023 2:05pm Sep 27, 2023 2:05pm
Quoting Jolita
{quote} Good sell opportunity approaching on UJ, double top end in Sunday, 1st of Oct?{image}
I've been focused on USD/JPY the whole day. It seems to me 150 won't be breached. So yeah, I think you're right this could be it for USD/JPY.
  • #778,571
  • Sep 27, 2023 2:07pm Sep 27, 2023 2:07pm
Quoting dempire1
{quote} Look. I have shown a very nice example of how to lose over 200 trades and still be alive and remain super calm. There are two main things for you to learn from it and they are …. and …..
I am calm, but I regret abandoning my SL.
Secret to the Price Action is Liquidity.
  • #778,572
  • Sep 27, 2023 2:08pm Sep 27, 2023 2:08pm
okay seriously where did this random mini rally come from. at such an odd time too
  • #778,573
  • Sep 27, 2023 2:08pm Sep 27, 2023 2:08pm
Quoting TheWraith
{quote} I've been focused on USD/JPY the whole day. It seems to me 150 won't be breached. So yeah, I think you're right this could be it for USD/JPY.
Double top or not it is not advisable to try and pre-empt it , price could blow through that top , let it come down and confirm the double top then short it.

Look back at the chart , how many places are there where you could assume there was a double top formed and price blew through , come on guys common sense
Follow The Markets Structure - Patience and Discipline
  • #778,574
  • Sep 27, 2023 2:10pm Sep 27, 2023 2:10pm
Quoting pipfarm
{quote} Double top or not it is not advisable to try and pre-empt it , price could blow through that top , let it come down and confirm the double top then short it.
I'm not trading USD/JPY (CHF/JPY), I pay attention to USD/JPY, because of possible intervention by Japan.

But, thanks!
  • #778,575
  • Sep 27, 2023 2:10pm Sep 27, 2023 2:10pm
im gona add to my longs to average down on this 4h candle if closes like this or hier
cause daily may signal a buy too

unless drops before the close
short trump and go long the deepstate
  • #778,576
  • Sep 27, 2023 2:11pm Sep 27, 2023 2:11pm
Sell limit 1.21470
SL open
TP 1.21236
Secret to the Price Action is Liquidity.
  • #778,577
  • Sep 27, 2023 2:12pm Sep 27, 2023 2:12pm
Quoting TheWraith
{quote} I've been focused on USD/JPY the whole day. It seems to me 150 won't be breached. So yeah, I think you're right this could be it for USD/JPY.
Second double top can end lower too, not necessarily to reach the top top.
It will happen, but not sure for how long.
Feds are going against JPY remember not to fight but for economical purpose (little bird told me).
  • #778,578
  • Sep 27, 2023 2:12pm Sep 27, 2023 2:12pm
Quoting navk
{quote} This is what happening....nowadays. Price going down... never turns up. lol
Yeah Thats True
  • #778,579
  • Sep 27, 2023 2:13pm Sep 27, 2023 2:13pm
What is making GU upwards?
Secret to the Price Action is Liquidity.
  • #778,580
  • Sep 27, 2023 2:13pm Sep 27, 2023 2:13pm
moty...we may have a lifeline buddy.... its hump day so the worst may be over especially if daily signals
short trump and go long the deepstate
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