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Cable Update (GBPUSD)

  • #781,461
  • Oct 9, 2023 2:46am Oct 9, 2023 2:46am
Quoting Konichiwhaat
Going again. 2180, Wednesday high, long
SL. Eyes now on 2150 for long PA. Must happen within 1 H 15 mins
Emotional Control. Process, not outcome.
  • #781,462
  • Oct 9, 2023 2:47am Oct 9, 2023 2:47am
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_2489.png Size: 102 KB

That’s the long and short of it lol
  • #781,463
  • Oct 9, 2023 2:48am Oct 9, 2023 2:48am
Quoting mngnglkl
{quote} Because reversal can happen?
not under these circumstances
in wondering about yourself, you forgot what you came here to be part of
  • #781,464
  • Oct 9, 2023 2:51am Oct 9, 2023 2:51am
Quoting knkie
{quote} not under these circumstances
I respect your opinion, but as what Ive learned so far in my trading career, anything can happen. I have biases since I'm long, yes, but I have an exit plan in case what you call circumstances indeed make the price goes further south.

I also have strategy in case I have to reverse my trade, but i will wait for my technical criteria to align with fundamentals or sentiments first before I go short.

Cheers!
Fortune favors the brave.
  • #781,465
  • Oct 9, 2023 2:51am Oct 9, 2023 2:51am
This hits that bottom it’s going to be a.zebibones gate all over again
  • #781,466
  • Oct 9, 2023 2:54am Oct 9, 2023 2:54am
Slippage so strong in challenge acc.
Wdf
Exhausted
  • #781,467
  • Oct 9, 2023 2:54am Oct 9, 2023 2:54am
Quoting mngnglkl
{quote} My guess. {image}
yeah for me if saw ur chart...its worth to hold -20 pips for 150pips..nice
  • #781,468
  • Oct 9, 2023 2:54am Oct 9, 2023 2:54am
Quoting mngnglkl
{quote} I respect your opinion, but as what Ive learned so far in my trading career, anything can happen. I have biases since I'm long, yes, but I have an exit plan in case what you call circumstances indeed make the price goes further south. Thanks
well said
it is only my opinion.
it would be crazy to trade off an opinion on a thread.
no one actually does that i hope.
in wondering about yourself, you forgot what you came here to be part of
  • #781,469
  • Oct 9, 2023 2:59am Oct 9, 2023 2:59am
Quoting knkie
{quote} well said it is only my opinion. it would be crazy to trade off an opinion on a thread. no one actually does that i hope.
Well said also Sir. Thanks
Fortune favors the brave.
  • #781,470
  • Oct 9, 2023 3:00am Oct 9, 2023 3:00am
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_2496.png Size: 33 KB

Last 5 min rejection si profits down and safe . Add a bigger lot if it breaks the next low to double lot size I think
  • #781,471
  • Oct 9, 2023 3:01am Oct 9, 2023 3:01am
Quoting Konichiwhaat
{quote} SL. Eyes now on 2150 for long PA. Must happen within 1 H 15 mins
hmmmm... actually long here based on 5 min PA and possible support zone from last week
Emotional Control. Process, not outcome.
  • #781,472
  • Oct 9, 2023 3:02am Oct 9, 2023 3:02am
Happy New Week Everyone .
May this week be pipful for us, Amen!
  • #781,473
  • Oct 9, 2023 3:04am Oct 9, 2023 3:04am
Quoting mngnglkl
{quote} My guess. {image}
Tend to agree, why aren't you making money on the way down?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 8 KB
  • #781,474
  • Oct 9, 2023 3:06am Oct 9, 2023 3:06am
Long 1.2167...
  • #781,475
  • Oct 9, 2023 3:08am Oct 9, 2023 3:08am
Quoting randu
Long 1.2167...
+ Buy limit 1.2150
  • #781,476
  • Oct 9, 2023 3:09am Oct 9, 2023 3:09am
Quoting Konichiwhaat
{quote} hmmmm... actually long here based on 5 min PA and possible support zone from last week
hi Konichiwhaat
i was seriously wondering which PA you are looking at?
I dont see any signs of reversal.
Could you point out what you are seeing?
this is m5
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 8 KB
in wondering about yourself, you forgot what you came here to be part of
  • #781,477
  • Oct 9, 2023 3:13am Oct 9, 2023 3:13am
Quoting knkie
{quote} hi Konichiwhaat i was seriously wondering which PA you are looking at? I dont see any signs of reversal. Could you point out what you are seeing? this is m5 {image}
Sure. In your chart, see how there is a "flag" shape in the middle, then it continues down? That "grab down" as I call it can often reverse on the hour close as people exit and enter positions. Like everything, not always. Just something I have noted over time. Hope it helps
Emotional Control. Process, not outcome.
  • #781,478
  • Oct 9, 2023 3:15am Oct 9, 2023 3:15am
Quoting mallee
{quote}Tend to agree, why aren't you making money on the way down?{image}
I am more of a longer term trader Sir. Normally trades on the 4Hr but also on the daily.
Fortune favors the brave.
  • #781,479
  • Oct 9, 2023 3:15am Oct 9, 2023 3:15am
Quoting Konichiwhaat
{quote} Sure. In your chart, see how there is a "flag" shape in the middle, then it continues down? That "grab down" as I call it can often reverse on the hour close as people exit and enter positions. Like everything, not always. Just something I have noted over time. Hope it helps
Nice !
I had never noticed that.
Will take a look

Thanx !
in wondering about yourself, you forgot what you came here to be part of
  • #781,480
  • Oct 9, 2023 3:17am Oct 9, 2023 3:17am
Quoting knkie
{quote} Nice ! I had never noticed that. Will take a look Thanx !
No problem. Also, if you look now, it could be painting the top of a potential "head" of a small inverse "head and shoulders pattern... maybe... as always haha
Emotional Control. Process, not outcome.
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