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Cable Update (GBPUSD)

  • #782,681
  • Oct 12, 2023 7:12pm Oct 12, 2023 7:12pm
Quoting Elysion
Interesting moves. I genuinely wanna try holding longs without tp and sl to see what happens today.
Emotional Control. Process, not outcome.
  • #782,682
  • Oct 12, 2023 7:19pm Oct 12, 2023 7:19pm
Quoting Konichiwhaat
{quote}
What?
I'm serious.
And I'm currently in profits.

I'm looking at my H1, H4 and daily.
But for some reason I have this weird feeling.
Exhausted
  • #782,683
  • Oct 12, 2023 7:19pm Oct 12, 2023 7:19pm
Quoting ninner
{quote} Short you mean!!!
yes, in LO

Around daily pivot.

True, it dropped 160 pips in NY session but i do not expect a bounce right now.

A new low is likely to be formed to daily s1 and then may bounce.
Intraday only.
  • #782,684
  • Oct 12, 2023 7:26pm Oct 12, 2023 7:26pm
Quoting Elysion
{quote} What? I'm serious. And I'm currently in profits. I'm looking at my H1, H4 and daily. But for some reason I have this weird feeling.
I know deep down you know this is not trading. If you are trading on "weird feelings" without at least a SL in place, your ass will be handed to you over time, and you will always trade anxiously as you are trading on feelings and not with a plan. Please be more careful
Emotional Control. Process, not outcome.
  • #782,685
  • Oct 12, 2023 7:30pm Oct 12, 2023 7:30pm
Quoting Konichiwhaat
{quote} I know deep down you know this is not trading. If you are trading on "weird feelings" without at least a SL in place, your ass will be handed to you over time, and you will always trade anxiously as you are trading on feelings and not with a plan. Please be more careful
Nah, already been through that phase.
I gave zero F into emotion anymore.
I have manual SL in mind.
Just not set in the book.
Exhausted
  • #782,686
  • Oct 12, 2023 7:31pm Oct 12, 2023 7:31pm
Quoting navk
{quote} yes, in LO Around daily pivot. True, it dropped 160 pips in NY session but i do not expect a bounce right now. A new low is likely to be formed to daily s1 and then may bounce.
you are expecting a bounce then if a short near daily pivot???
  • #782,687
  • Oct 12, 2023 7:34pm Oct 12, 2023 7:34pm
Quoting ninner
{quote} you are expecting a bounce then if a short near daily pivot???
yea
Intraday only.
  • #782,688
  • Oct 12, 2023 7:46pm Oct 12, 2023 7:46pm
15min...
Attached Image (click to enlarge)
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1hr...
Attached Image (click to enlarge)
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  • #782,689
  • Oct 12, 2023 7:48pm Oct 12, 2023 7:48pm
Quoting navk
{quote} yea
it’s forming a bear flag as we speak
  • #782,690
  • Oct 12, 2023 7:49pm Oct 12, 2023 7:49pm
Quoting tradexyz
{image}
what is all this??
  • #782,691
  • Oct 12, 2023 7:52pm Oct 12, 2023 7:52pm
Quoting ninner
{quote} it’s forming a bear flag as we speak
In smaller tf, it might again test low for a bounce.
Intraday only.
  • #782,692
  • Oct 12, 2023 7:53pm Oct 12, 2023 7:53pm
I reckon Daily Pivot is a great place to short this again, wonder when it will get there. Kinda knew the price would go towards the WPP last night but closed my shorts at yesterday's R1. Oh well, profits are profits.
Attached Image (click to enlarge)
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  • #782,693
  • Oct 12, 2023 7:57pm Oct 12, 2023 7:57pm
Quoting Elysion
{quote} Nah, already been through that phase. I gave zero F into emotion anymore. I have manual SL in mind. Just not set in the book.
Good. As long as you are protecting your capital and making a living, the method doesn't matter. Best of luck
Emotional Control. Process, not outcome.
  • #782,694
  • Oct 12, 2023 8:37pm Oct 12, 2023 8:37pm
place to short : 50 % to 74 % to me.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDxM5.png Size: 15 KB
Intraday only.
  • #782,695
  • Oct 12, 2023 8:54pm Oct 12, 2023 8:54pm
It’s going parabolic!!!!!
  • #782,696
  • Oct 12, 2023 8:54pm Oct 12, 2023 8:54pm
Quoting Pat Chiko
{quote} Good call on the trades you made 14 hours ago. But as a professional trader, trading is all about risk and reward. Every trade involves the potential to lose money, as well as the potential to make money. The goal of any trader is to maximize the potential rewards while minimizing the potential risks. Mathematically, you have 1:1 RR. Putting things into perspective. Here's the chart for clarity.{image}
long time no see
  • #782,697
  • Oct 12, 2023 9:00pm Oct 12, 2023 9:00pm
Quoting Konichiwhaat
Morning. Back into a downtrend. Looking for sells around 2200 and 2220
Short. But a little bit premature
Emotional Control. Process, not outcome.
  • #782,698
  • Oct 12, 2023 9:01pm Oct 12, 2023 9:01pm
Quoting Konichiwhaat
{quote} Short. But a little bit premature
yes still can go higher so abit premature
  • #782,699
  • Oct 12, 2023 9:09pm Oct 12, 2023 9:09pm
Quoting ninner
{quote} yes still can go higher so abit premature
how high it may go?
im still short since yesterday
  • #782,700
  • Oct 12, 2023 9:10pm Oct 12, 2023 9:10pm
Short is preferable when London/Fankfurt opens.

But beaware.... do not expect a big drop .... may be to 2175 for today.

Then long again.
Intraday only.
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