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Cable Update (GBPUSD)

  • #780,181
  • Oct 4, 2023 7:59am Oct 4, 2023 7:59am
Time to short and looking for 121 again
Insane in the Brain..
  • #780,182
  • Oct 4, 2023 8:00am Oct 4, 2023 8:00am
@shakmoney… give us a sign of life.. we are worried about you
  • #780,183
  • Oct 4, 2023 8:00am Oct 4, 2023 8:00am
Quoting kenny4real
I thought some of us wanted GU to buy? Then what's all these sells when GU is already bullish?
Retail traders will always be contrarian, its why the majority lose.
  • #780,184
  • Oct 4, 2023 8:00am Oct 4, 2023 8:00am
Quoting Moty
{quote} Mf didn't turned light green I'm in 20 pips loss Added another 0.05 lot short You shell not pass 1.21800 daily r3 We allready at 140 pips daily range Not today at least {image}
Risky though, I really don't recommend entering short hah.
Pound may move up to 200 pips (irregularity)
Has happened before and may happens.
Exhausted
  • #780,185
  • Oct 4, 2023 8:00am Oct 4, 2023 8:00am
Took short, SL 1.21794, TP open.
Eyes on chart
Secret to the Price Action is Liquidity.
  • #780,186
  • Oct 4, 2023 8:03am Oct 4, 2023 8:03am
Quoting Moty
{quote} Mf didn't turned light green I'm in 20 pips loss Added another 0.05 lot short You shell not pass 1.21800 daily r3 We allready at 140 pips daily range Not today at least {image}
Short signal
For 15 pips
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yes yes yes
  • #780,187
  • Oct 4, 2023 8:08am Oct 4, 2023 8:08am
Quoting Zebi
im gona add a long if this hourly candle closes above the low if it closes green in an hour ill add more than one longs bad news for GU at the lows means its boolish LOL time to squeeze those shorts {image} {image}
this is an old fashioned short squeeze gentlemen.... thing is is if us bools squeeze the bears like they are pimples ...pic is in my quote LOL


thats why im a contrarion...always go against the majority in the room so you dont become the 95% losers ...you wont be always right but youll be correct more times than they are

yesterdasys jolts jobs news was boolish not to mention BOJ dollar dumping

lets see if this bear pimple squeeze turns into a stampede

Inserted Video
short trump and go long the deepstate
  • #780,188
  • Oct 4, 2023 8:09am Oct 4, 2023 8:09am
Quoting ScalaFX
UJ close to sell area, pendings all the way from 149.50 to 150, maybe add some more, will be watching, so GU can slide some more to 2150 2100 where is my buy area, medium term trades
some closed, some run and protected
People don't plan to lose. They lose because they don't plan.
  • #780,189
  • Oct 4, 2023 8:10am Oct 4, 2023 8:10am
Quoting iusman23
Took short, SL 1.21794, TP open. Eyes on chart
First TP set at 1.21260.
Seems like head and shoulder pattern is in development. Ready for a long short guys.
Secret to the Price Action is Liquidity.
  • #780,190
  • Oct 4, 2023 8:13am Oct 4, 2023 8:13am
Waiting for 5 min ema to bounce of lol
  • #780,191
  • Oct 4, 2023 8:14am Oct 4, 2023 8:14am
Quoting iusman23
{quote} First TP set at 1.21260. Seems like head and shoulder pattern is in development. Ready for a long short guys.
Closing before news.
Secret to the Price Action is Liquidity.
  • #780,192
  • Edited 8:28am Oct 4, 2023 8:14am | Edited 8:28am
Hello. Big reaction from that prev 4hr/dly sw lo zone that extends down to 2007, = prev supp = pot supp, 2036 the current dly lo after (a false 1st downside break of the Asian lo) Big move up to a prev 1hr sw lo x 2 zone = prev supp = pot sbr, breaking upside of the Asian hi. Dly R3 surpassed, 1hr falling wedge surpassed - both to the upside, price now approaching top of 4hr descending channel/top of dly falling wedge/Wkly Pivot - @/around 2195. 162% 30day adr traveled so far today, 83% 13wk awr so far this week.

dly then 1hr below
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Trader with an Edge.
  • #780,193
  • Oct 4, 2023 8:15am Oct 4, 2023 8:15am
Quoting Waveskierrob
When all the text books say " cut your losses short and let your profits run" ..., dont let others tell you how to trade think for yourselves... {image}
100% agree, replace "stop loss" with patience, small trade in relation to account and see how it goes, think how the broker position works as well. Saw an interview with a pro trader some time ago who had a close relationship with a broker, the business was in an overall counter trend position, when asked why he simply replied "Because most of our clients are short the market".

In other words the broker didn't care which way people were gambling, the house always has its stops to collect. I never use stops, let my EAs do most of the work and make around 0.5% per week on average. That doesn't mean it's easy and there are certainly some interesting DD scenarios to live with but if I backtest my EAs over any historical period they always produce, maintaining a healthy margin is my only concern.
Sounds like a lot of screen time to me.
  • #780,194
  • Oct 4, 2023 8:15am Oct 4, 2023 8:15am
Quoting Zebi
{quote} this is an old fashioned short squeeze gentlemen.... thing is is if us bools squeeze the bears like they are pimples ...pic is in my quote LOL thats why im a contrarion...always go against the majority in the room so you dont become the 95% losers ...you wont be always right but youll be correct more times than they are yesterdasys jolts jobs news was boolish not to mention BOJ dollar dumping lets see if this bear pimple squeeze turns into a stampede https://youtu.be/PFGyhSifqzA?t=6
loverly you must be my age lol
  • #780,195
  • Oct 4, 2023 8:16am Oct 4, 2023 8:16am
Quoting Headland
Hello. Big reaction from that prev 4hr/dly sw lo zone that extends down to 2007, = prev supp = pot supp, 2036 the current dly lo...big move up to a prev 1hr sw lo x 2 zone = prev supp = pot sbr. Dly R3 surpassed, 1hr falling wedge surpassed - both to the upside, price now approaching top of 4hr descending channel/top of dly falling wedge/Wkly Pivo - @/around 2195. 162% 30day adr traveled so far today, 83% 13wk awr so far this week. Dly then 1hr below {image} {image}
Oh hey Headland.
It's been a while.
Exhausted
  • #780,196
  • Oct 4, 2023 8:20am Oct 4, 2023 8:20am
After news, there is another short opportunity for GBP/USD, M5 and M15 charts showing head and shoulder pattern in form. Close short positions before news, take short at highest point after news, double your profit.
Secret to the Price Action is Liquidity.
  • #780,197
  • Oct 4, 2023 8:27am Oct 4, 2023 8:27am
Quoting elbert3
Waiting for 5 min ema to bounce of lol
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State of play all longs tp was taken thank you again
  • #780,198
  • Oct 4, 2023 8:28am Oct 4, 2023 8:28am
Quoting T721
{quote} {image}
Making some moves but a real slow bugger
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  • #780,199
  • Oct 4, 2023 8:29am Oct 4, 2023 8:29am
Conflicting here mmm hedge time as it’s not far away from the main trading point
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  • #780,200
  • Oct 4, 2023 8:35am Oct 4, 2023 8:35am
Quoting JereMi256
{quote} Re-entry short SL & TP pending... {image}
Closed +10pips
Face 'ur fears & tame 'ur greed
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