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Cable Update (GBPUSD)

  • #778,621
  • Sep 27, 2023 10:58pm Sep 27, 2023 10:58pm
Quoting iusman23
{quote} According to my analysis it was supposed to hit back to the lowest once again before jumping up. But it’s bouncing on resistance.
IT might drop to 1.2110 again
  • #778,622
  • Sep 27, 2023 11:02pm Sep 27, 2023 11:02pm
Quoting shakmoney
{quote} IT might drop to 1.2110 again

Please share the chart fr your analysis
  • #778,623
  • Sep 27, 2023 11:03pm Sep 27, 2023 11:03pm
GBP mates, quick cheers to all from Taco world !

Buy stop 2160 2195 2222 2245 2285 2310 2350

Maybe just in 2024

Take good care you good people,

Thank you for being there, being yourself, and continue to have the wisdom and strength to love, not hate, and respect your well thought out trading rules 100% with discipline of steel at all times(add regular laughter, it will help also on the long-run!) !!
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #778,624
  • Sep 27, 2023 11:33pm Sep 27, 2023 11:33pm
Possible H&S in the 5 and 15 min GU.
  • #778,625
  • Sep 28, 2023 12:02am Sep 28, 2023 12:02am
Hello Guys,
waoo what a Nice fall it was, but i think that's time to buy Little in the mix,
i will prepare for NFP and PCE for sure,
Don't compare your Trades with Others
  • #778,626
  • Sep 28, 2023 12:05am Sep 28, 2023 12:05am
Just share what I saw, R2 is my tp
Attached Image (click to enlarge)
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  • #778,627
  • Sep 28, 2023 12:22am Sep 28, 2023 12:22am
a structure is a trend movement making HH or LL

now that you have found the structure look for HL or LH this are the basic correction where you can find entry

a trend consists of consecutive HH or LL


How you read the market is your strategy
how you manage ur portfolio is your skills

you need you have the 5

time
strategy
skills
patience
psychology
MY OPINION NOT FINANCIAL ADVISE
  • #778,628
  • Sep 28, 2023 12:47am Sep 28, 2023 12:47am
GU UPDATE --- hit lower Liquidity, so far so good
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  • #778,629
  • Sep 28, 2023 12:48am Sep 28, 2023 12:48am
Yesterday I started a new strategy on the channel,
let's say that it was not recommended to take a long
when the price is below the daily pivot and a general bearish trend,
although it is a bit strange this never-ending downward trend,
in any case, I took a long twice and it worked,
then I lost patience and took a long when the stochastic shows oversold,
but Price was the head of the channel, so it's not according to the rules,
you take a long at the bottom of a channel
from there it only got worse, when i ate my heart when I see that the channel works great
when you work according to its rule
I believe that I will return to Breakeven and then I will return to work according to the rules
Attached Image(s) (click to enlarge)
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yes yes yes
  • #778,630
  • Sep 28, 2023 12:50am Sep 28, 2023 12:50am
Quoting Zebi
at least theres some movement WASHINGTON (AP) — As the Senate marches ahead with a bipartisan approach to prevent a government shutdown, House Speaker Kevin McCarthy is back to square one — asking his hard-right Republicans to do what they have said they would never do: approve their own temporary House measure to keep the government open. The Republican speaker laid out his...
Thanks!

So, on Friday it is.
  • #778,631
  • Sep 28, 2023 12:51am Sep 28, 2023 12:51am
Quoting Moty
Yesterday I started a new strategy on the channel, let's say that it was not recommended to take a long when the price is below the daily pivot and a general bearish trend, although it is a bit strange this never-ending downward trend, in any case, I took a long twice and it worked, then I lost patience and took a long when the stochastic shows oversold, but Price was the head of the channel, so it's not according to the rules, you take a long at the bottom of a channel from there it only got worse, when i ate my heart when I see that the channel...
You keep building new systems, it is not going long. Forget about it
  • #778,632
  • Sep 28, 2023 12:53am Sep 28, 2023 12:53am
Quoting shakmoney
{quote} why man
Because I said I was waiting for price to reach 1.21 and it did. Now, it's time to Buy. SL in place and TP open.
  • #778,633
  • Sep 28, 2023 12:54am Sep 28, 2023 12:54am
Quoting TheWraith
{quote} Because I said I was waiting for price to reach 1.21 and it did. Now, it's time to Buy. SL in place and TP open.
No it never touched 1.21
  • #778,634
  • Sep 28, 2023 12:58am Sep 28, 2023 12:58am
Quoting shakmoney
{quote} No it never touched 1.21
Price will never hit exactly what we want, but price was in this area and Support held yesterday. For which reason I didn't Buy at 1.21099, but rather 1.232. I wanted to see first if Support would hold and it did and is for now.

Every trade includes risk! That's why every trade I take includes SL!
  • #778,635
  • Sep 28, 2023 12:59am Sep 28, 2023 12:59am
watching for a last leg up up in the bear set up , possible test 2185. 2150 breaks and hold mau signal . take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #778,636
  • Sep 28, 2023 1:08am Sep 28, 2023 1:08am
Follow a trend -unless you think to be smarter and try to fight it- is the most easy job for a trader. The real challenge is when price start ranging, that s the time where u need to collect all the possible informations, decode market partecipants behaviour and forecast the next big move. It s the greatest gratification.
chaos is just unknown order
  • #778,637
  • Sep 28, 2023 1:12am Sep 28, 2023 1:12am
Now this is funny...

Due to all this Bear pressure, people don't believe in any rally anymore and what will probably happen?

What will probably happen is price will start going up and people will be Selling instead of Buying, again catching knives...

I hope people here learned a valuable lesson to remain patient and not to act on every minor pullback!


Let's pray!
  • #778,638
  • Sep 28, 2023 1:16am Sep 28, 2023 1:16am
Quoting Wavegarrick
{quote} At least you are going for a few weeks now. Cheers. {image}
Thank you Garrick. How are your trades?
How to succeed in zero sum game?
  • #778,639
  • Sep 28, 2023 1:17am Sep 28, 2023 1:17am
Quoting TheWraith
Now this is funny... Due to all this Bear pressure, people don't believe in any rally anymore and what will probably happen? What will probably happen is price will start going up and people will be Selling instead of Buying, again catching knives... I hope people here learned a valuable lesson to remain patient and not to act on every minor pullback! Let's pray!
Notice also how EU is still very bullish while only GU has faded from being more bullish the EU to less bullish.
  • #778,640
  • Sep 28, 2023 1:20am Sep 28, 2023 1:20am
Quoting dantpm
{quote} Notice also how EU is still very bullish while only GU has faded from being more bullish the EU to less bullish.
Are you crazy? How is EU bullish?
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