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Cable Update (GBPUSD)

  • #784,381
  • Oct 19, 2023 4:15am Oct 19, 2023 4:15am
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E. and BP 5' --- I havent seen such a diversion in E, and BP . . . . . .We are very close to a significant Low imho

  • #784,382
  • Oct 19, 2023 4:18am Oct 19, 2023 4:18am
I took long eu and gu at the same time
In the gu i an in a loss of 80 pips and in the ru only 25
This is not logic at all
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yes yes yes
  • #784,383
  • Oct 19, 2023 4:19am Oct 19, 2023 4:19am
Quoting Moty
I took long eu and gu at the same time In the gu i an in a loss of 80 pips and in the ru only 25 This is not logic at all {image}
you might lose everything if you don't close
  • #784,384
  • Oct 19, 2023 4:21am Oct 19, 2023 4:21am
Quoting Moty
I took long eu and gu at the same time In the gu i an in a loss of 80 pips and in the ru only 25 This is not logic at all {image}
You can state WHAT you do. Just, seemingly never why. And if you did I don't imagine it would be for a reason that actually makes sense. Just another T/A trader on the way to busting.

I don't think you look at anything but charts. Doomed to fail, and document it maniacally for all to see, as though it's new.
Congratulations ScalaFX for coming out of the closet!
  • #784,385
  • Oct 19, 2023 4:21am Oct 19, 2023 4:21am
end of great day. wont trade at tricky NY.. good luck all
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  • #784,386
  • Oct 19, 2023 4:26am Oct 19, 2023 4:26am
Quoting Moty
I took long eu and gu at the same time In the gu i an in a loss of 80 pips and in the ru only 25 This is not logic at all {image}
That is why GU is the best & worst pair to trade!

They are similar, but they never produce the same results at the same time. GU is more volatile than EU.
Don't give EU a chance to take you to -200$
Face 'ur fears & tame 'ur greed
  • #784,387
  • Oct 19, 2023 4:29am Oct 19, 2023 4:29am
wow its going down again..im not trade but hope to see 2050 before NY.
No regret.. spending time. with family is more important
  • #784,388
  • Oct 19, 2023 4:31am Oct 19, 2023 4:31am
Quoting voeltoez
end of great day. wont trade at tricky NY.. good luck all {image}
Nice call, well done!
Face 'ur fears & tame 'ur greed
  • #784,389
  • Oct 19, 2023 4:32am Oct 19, 2023 4:32am
Quoting Moty
I took long eu and gu at the same time In the gu i an in a loss of 80 pips and in the ru only 25 This is not logic at all {image}

put ur portfolio management first, trading is a game of luck risk management is a game of skills..

you can sometime get luck in trading but you are never lucky with how you manage your money cus its wall planned and only u know how to manage ur risk markets doesnt.
MY OPINION NOT FINANCIAL ADVISE
  • #784,390
  • Oct 19, 2023 4:36am Oct 19, 2023 4:36am
....bears take it deeper down and 0327-2038 asc t/line breached to the downside now...testing a prev 1hr/4hr sw hi zone now = prev res = pot rbs.Only the 85.4% fib left of the 2038-2337 upmove now. Dly S2 @/around the current dly lo.

4hr below
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Trader with an Edge.
  • #784,391
  • Oct 19, 2023 4:38am Oct 19, 2023 4:38am
Quoting Moty
I took long eu and gu at the same time In the gu i an in a loss of 80 pips and in the ru only 25 This is not logic at all {image}
Quite logical. GBP weaker than EUR, so, if USD is "neutral", then when EG goes up, EU goes up, and GU either goes up much less than EU, or even goes down.
To free Gazans of Hamas, use whatever it takes.
  • #784,392
  • Oct 19, 2023 4:39am Oct 19, 2023 4:39am
According to my charts, we are nearing the GU short term (potentially long term as well) bottom which is expected somewhere between 1.2085 - 1.2045, im planning to start buying around 1.2075 with small lots, will keep building, SL is 1.2 and TP is open for the time being, potentially im looking at 1.2450 as first target
  • #784,393
  • Oct 19, 2023 4:39am Oct 19, 2023 4:39am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #784,394
  • Oct 19, 2023 4:42am Oct 19, 2023 4:42am
Quoting knkie
{quote} Let's try this one more time: I. Focus on trading II. Respect fellow traders III. No bickering IV. No nationalism or racism V. No politics or religion VI. No conspiracy or doomsday VII. No personal agendas VIII. No commercial agendas IX. One username at a time X. Make love not war
and the last one . Don’t pick on Moty . Trade finally came back after 2 days of crap .
  • #784,395
  • Oct 19, 2023 4:46am Oct 19, 2023 4:46am
Quoting Pat Chiko
{quote} Thanks Doc. Actually, the wave count was completed yesterday when I shorted this pair. {quote} And to confirm this, I posted the visible count again for others to look at and make their own conclusions. {quote} My asking other questions is just a smokescreen to let others participate in technical discussions and benefit from them. BTW , thanks for participating in good discussion. PAT Chiko.
GU
this going to be a boring post.
Please skip, and move on.
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Retail traders perceive price movements as random and unpredictable, failing to discern the underlying structure and manipulation employed by market makers (MMs).
MMs meticulously orchestrate price fluctuations to lure and entrap unsuspecting retail traders.
They exploit common trading biases and herd mentality, creating false breakouts, retracements, and whipsaws.

Relying solely on indicators places retail traders at a significant disadvantage.
Indicators are inherently lagging, providing signals only after price has already moved.
This delay can prove fatal, as MMs can swiftly reverse price direction, leaving indicator-reliant traders stranded on the wrong side of the market.

Price action, on the other hand, offers a proactive approach to market analysis.
By focusing on the raw, unfiltered movements of price, traders can gain insights into the intentions of MMs.
This allows them to anticipate potential reversals and avoid being trapped in unfavorable positions.

Experience is a crucial factor in navigating the MM's manipulative tactics.
Seasoned traders have developed a keen understanding of market structure and are adept at identifying patterns indicative of MM activity.
This knowledge enables them to make informed trading decisions, even in the face of volatile and unpredictable market conditions.

Skill is the ultimate weapon in the battle against MM manipulation.
Skilled traders possess a deep understanding of market dynamics and are able to exploit inefficiencies and imbalances.
They are masters of timing and execution, capable of entering and exiting trades with precision.

Those who possess the trifecta of skill, experience, and price action mastery are the ones who consistently emerge victorious from the MM's games.
They are able to see through the fog of deception and trade with clarity and confidence.


What I see , what you see is different coz I come from future.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #784,396
  • Oct 19, 2023 4:46am Oct 19, 2023 4:46am
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Posted 2095 never tp as you can see it’s moved to my second tp which is 2072 . But one could. Wait untill the price closers back over the ema . And that’s not to say go long maybe hedge or just keep pulling down pp and to at the same time
  • #784,397
  • Oct 19, 2023 4:46am Oct 19, 2023 4:46am
1hr...
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4hr...
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  • #784,398
  • Oct 19, 2023 4:46am Oct 19, 2023 4:46am
Quoting fxmasterdxb
According to my charts, we are nearing the GU short term (potentially long term as well) bottom which is expected somewhere between 1.2085 - 1.2045, im planning to start buying around 1.2075 with small lots, will keep building, SL is 1.2 and TP is open for the time being, potentially im looking at 1.2450 as first target

"It is expected" sounds like a schedule, do you have inside info then? unfortunately this is your expectation and the market does not conform to each individual traders expectations!!!!
Follow The Markets Structure - Patience and Discipline
  • #784,399
  • Oct 19, 2023 4:46am Oct 19, 2023 4:46am
we have reached an important possible support level.
H4.
  • #784,400
  • Oct 19, 2023 4:48am Oct 19, 2023 4:48am
Quoting tiborf71
we have reached an important possible support level. H4.

How to you gauge importance, what makes your assumed important support level so important?
Follow The Markets Structure - Patience and Discipline
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