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Cable Update (GBPUSD)

  • #782,241
  • Oct 12, 2023 2:57am Oct 12, 2023 2:57am
Quoting Georginson
I'm seeing some bullish exhaustion signs due to 5 - 6 days of consecutive buying... One sell candle may wipe out these buy candles... Sold 1.2328... target 1.2288.
Exited at 1.2298... +30 pips.
Data + Stat + Risk/Emotions Management
  • #782,242
  • Oct 12, 2023 3:00am Oct 12, 2023 3:00am
Quoting Konichiwhaat
Today looking for buys around 2300 and 2280
Long
Emotional Control. Process, not outcome.
  • #782,243
  • Oct 12, 2023 3:01am Oct 12, 2023 3:01am
Quoting Fardeen1209
{quote} Or simply setup a trust where all funds goes in. You dont taxed as an individual. Dont know if it is possible for jackpot earnings.
There are rules about the payout going to a living individual, not an estate, trust, dependent, spouse and so on.
  • #782,244
  • Oct 12, 2023 3:03am Oct 12, 2023 3:03am
Quoting ScalaFX
{quote} we must be ready for manipulation, Israel, Ukraine, so many to manipulate the price, I will be opening net of positions till 1900 if go there to gap close target, trade safe
the situation in israel will not affect the price.
  • #782,245
  • Oct 12, 2023 3:04am Oct 12, 2023 3:04am
interesting..long gu 2296 ..
  • #782,246
  • Oct 12, 2023 3:06am Oct 12, 2023 3:06am
Quoting Georginson
{quote} Exited at 1.2298... +30 pips.
nice trade. it was also a big-range-bar on h1, so good to close the trade.
trading is like dancing, don't think and just listen to the music!
  • #782,247
  • Oct 12, 2023 3:07am Oct 12, 2023 3:07am
Quoting dantpm
{quote} There are rules about the payout going to a living individual, not an estate, trust, dependent, spouse and so on.
If you took the $750 million and put it in government bonds yielding 4% income, compounding annually, well do the math, it is more than $1.76 billion!
  • #782,248
  • Oct 12, 2023 3:07am Oct 12, 2023 3:07am
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 12 KB
yes yes yes
  • #782,249
  • Oct 12, 2023 3:07am Oct 12, 2023 3:07am
Quoting dantpm
{quote} There are rules about the payout going to a living individual, not an estate, trust, dependent, spouse and so on.
Thought there would be a string attached to the payout.
Well in that case i'd move to Bahamas or cayman island. With that kind of money, directly become a citizen
More time in the market, does not mean you trade better!
  • #782,250
  • Oct 12, 2023 3:10am Oct 12, 2023 3:10am
Quoting Fardeen1209
{quote} Thought there would be a string attached to the payout. Well in that case i'd move to Bahamas or cayman island. With that kind of money, directly become a citizen
Actually you need to pick a country with tax treaties with the US where income tax paid in the US can be recovered locally, otherwise you still pay both federal and state income taxes in the US. You then have to look at how lottery 'income' is taxed in that country, if at all.
  • #782,251
  • Oct 12, 2023 3:20am Oct 12, 2023 3:20am
Quoting Moty
{image}
I believe there's one more leg up too
  • #782,252
  • Oct 12, 2023 3:23am Oct 12, 2023 3:23am
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 12 KB
yes yes yes
  • #782,253
  • Oct 12, 2023 3:24am Oct 12, 2023 3:24am
Quoting kenny4real
{quote} I believe there's one more leg up too
what makes you think that one more leg up ? EW ?
  • #782,254
  • Oct 12, 2023 3:26am Oct 12, 2023 3:26am
'Most' of the US$ pairs appear to be largely ranging between the high and low of yesterday
  • #782,255
  • Oct 12, 2023 3:27am Oct 12, 2023 3:27am
what's with the sudden drop in the last hour?
"No trade is still a trade." - Peter Borish
  • #782,256
  • Oct 12, 2023 3:30am Oct 12, 2023 3:30am
here are my morning trades, one short and one long.

i won't show them often, besides i have no ego need. it's only for learning.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 17 KB
trading is like dancing, don't think and just listen to the music!
  • #782,257
  • Oct 12, 2023 3:37am Oct 12, 2023 3:37am
scalping short but M30 2290 is in the way as support
dumped BE
in wondering about yourself, you forgot what you came here to be part of
  • #782,258
  • Oct 12, 2023 3:49am Oct 12, 2023 3:49am
Quoting knkie
scalping short but M30 2290 is in the way as support dumped BE
real support area is 1.2255-1.227 as i see it.. but when i look on the weekly candle, and i think to
myself where it will going to visit this week, it will be below it.
  • #782,259
  • Oct 12, 2023 3:53am Oct 12, 2023 3:53am
I hope they don't going to range for 2.5-3 hours
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2023-10-12-11-47-09-643_com.tradingview.tradingviewapp-edit.jpg Size: 577 KB
yes yes yes
  • #782,260
  • Oct 12, 2023 3:56am Oct 12, 2023 3:56am
Lmao, I'm scalping intraday not swing trading.
Was the leg moving downwards? Yes.
Was I correct about it dropping instead of shooting up?
I would say so.
Bigger picture? This could be a correction to wave 5 downtrend.



To be fair, the uptrend isn't exactly strong, sellers presence can be seen. The minor retracement to the uptrend were tend to be stronger than usual strong trends. U can see 61.8% to completely wipe out of bullish move from day to day.
Exhausted
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