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Cable Update (GBPUSD)

  • #782,101
  • Oct 11, 2023 9:18am Oct 11, 2023 9:18am
I like moty's new approach but consolidation will be over soon. We hit the 200 ema on 4 hour basis from below so GBP/USD can drop again now. From higher time frame that was a huge correction upwards but still downtrend. It can be soon an uptrend but it is not yet.

I short myself into the market building up a bigger and bigger position, currently it is twice as high as my scalp volume and my average is 1.2312 short for 60-100 pips.

The news also did not fit to the uprun today so it could be purely technical to hit the upper side of the channel before turning down again. cheers
  • #782,102
  • Oct 11, 2023 9:22am Oct 11, 2023 9:22am
Read my last post where i said Moty will gamble and lose all of his balance since he will stay long. He doesn't withdrawal his profits
  • #782,103
  • Oct 11, 2023 9:27am Oct 11, 2023 9:27am
Quoting DrDave
{quote} Not even M5 is confirmed short yet. You are essentially guessing/gambling.
Stop annoying me or I put you on my ignore list. You want to be first DrDave? Always? Well, you can. You can be the first on my ignore list. Cheers.
I even don't know why I talk to you. And of course news have impact on the quotes, depends on the news and how strong the forecast is away from the actual numbers. Today it seems they just wanted to fullfill the 4-hour touch from below and now it drops,- as it should be. So stop guessing my friend. Cheers.
  • #782,104
  • Oct 11, 2023 9:27am Oct 11, 2023 9:27am
Quoting knkie
{quote} just my 2 cents but on M15 price would have to close below 2289 for me to go short.
right on 2289 now
will it hold or not?
in wondering about yourself, you forgot what you came here to be part of
  • #782,105
  • Oct 11, 2023 9:31am Oct 11, 2023 9:31am
Quoting shakmoney
Read my last post where i said Moty will gamble and lose all of his balance since he will stay long. He doesn't withdrawal his profits
He is new to that approach of trend trading and I can understand the problem he has: He is more a counter trend / scalp trader like me and it is really difficult to let a position go then /close like that. Trend trading (so waiting for an established trend and ride the wave) is really difficult because it ends somewhere and than you have to cut the position off. You need practise for that. I'm not yet there. But it works also of course.
  • #782,106
  • Oct 11, 2023 9:33am Oct 11, 2023 9:33am
Quoting knkie
{quote} right on 2289 now will it hold or not?
Nice rejection. At least good for scalp.
  • #782,107
  • Oct 11, 2023 9:33am Oct 11, 2023 9:33am
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yes yes yes
  • #782,108
  • Oct 11, 2023 9:34am Oct 11, 2023 9:34am
Quoting JackintheBox
{quote} Nice rejection. At least good for scalp.
yes.
in wondering about yourself, you forgot what you came here to be part of
  • #782,109
  • Oct 11, 2023 9:35am Oct 11, 2023 9:35am
Quoting shakmoney
Read my last post where i said Moty will gamble and lose all of his balance since he will stay long. He doesn't withdrawal his profits
You still holding your shorts?
More time in the market, does not mean you trade better!
  • #782,110
  • Oct 11, 2023 9:40am Oct 11, 2023 9:40am
Quoting Moty
Dx you shell not pass 105.650 Eu you shell not drop below 1.0600 Guyou shell not drop below 1.22600 Aussie Eu you shell not drop below 0.64000
you can go and check this support and resistance as much that you want
You will do what i say
get up you sob , cause moty loves you
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yes yes yes
  • #782,111
  • Oct 11, 2023 9:44am Oct 11, 2023 9:44am
Signal
Profit in an hour
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yes yes yes
  • #782,112
  • Oct 11, 2023 9:48am Oct 11, 2023 9:48am
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This could be where we see a more informed direction. 5 min rule stop and short entry below . Pp is down now also
  • #782,113
  • Oct 11, 2023 9:50am Oct 11, 2023 9:50am
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As above
  • #782,114
  • Oct 11, 2023 9:54am Oct 11, 2023 9:54am
I sold 2295
on M5

25 pip target
in wondering about yourself, you forgot what you came here to be part of
  • #782,115
  • Oct 11, 2023 9:59am Oct 11, 2023 9:59am
Quoting JackintheBox
{quote} Stop annoying me or I put you on my ignore list. You want to be first DrDave? Always? Well, you can. You can be the first on my ignore list. Cheers. I even don't know why I talk to you. And of course news have impact on the quotes, depends on the news and how strong the forecast is away from the actual numbers. Today it seems they just wanted to fullfill the 4-hour touch from below and now it drops,- as it should be. So stop guessing my friend. Cheers.
Sure, no problemo to be on your Ignore list. Has no effect on me whatsoever.

Yes, the news does have an impact on quotes--I said it does. But as for any kind of CORRELATION such as "good news" == price move up, "bad news" == price move down, well, as I said, studies have already shown there is no correlation.

LOL. If I am guessing, then I must be the greatest guesser ever, based on my record.
To free Gazans of Hamas, use whatever it takes.
  • #782,116
  • Oct 11, 2023 10:00am Oct 11, 2023 10:00am
Let's go
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yes yes yes
  • #782,117
  • Oct 11, 2023 10:02am Oct 11, 2023 10:02am
Quoting LongTrmTrdng
{quote} I Have Admired you as always
That's very sweet! Thank you
  • #782,118
  • Oct 11, 2023 10:05am Oct 11, 2023 10:05am
Quoting Moty
Let's go {image}
lol it's gonna bomb down
  • #782,119
  • Oct 11, 2023 10:06am Oct 11, 2023 10:06am
Fomc Min in a hour
Master your mind. Master Trading.
  • #782,120
  • Oct 11, 2023 10:07am Oct 11, 2023 10:07am
Bulls can still cut their losses

price is still playing with 2289 but i think its gonna break
in wondering about yourself, you forgot what you came here to be part of
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