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Cable Update (GBPUSD)

  • #788,121
  • Nov 6, 2023 1:53am Nov 6, 2023 1:53am
Quoting hans91
{quote} this will be happening also for monday i think.. IMO, perhaps we need retracement till 1.227xx - 1.228xx before this pair moving to up again.
a slight correction to around 123-12330 would be good for a further move up. A move below 123 would be great but in terms of finding liquidity be harder. To drop 130 odd pips before a move of over 130 a lot less likely historically
Insane in the Brain..
  • #788,122
  • Nov 6, 2023 2:02am Nov 6, 2023 2:02am
Quoting BeeTogether
{quote} a slight correction to around 123-12330 would be good for a further move up. A move below 123 would be great but in terms of finding liquidity be harder. To drop 130 odd pips before a move of over 130 a lot less likely historically
yes, my analysis can be right or wrong..no one know for sure in few hours or days later..of course, 1.227xx - 1.228xx i believe will not be happening today, but there is a possibility price will reach that area tomorrow or the day after tomorrow..
  • #788,123
  • Nov 6, 2023 2:26am Nov 6, 2023 2:26am
Attached Image (click to enlarge)
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example
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yes yes yes
  • #788,124
  • Nov 6, 2023 2:33am Nov 6, 2023 2:33am
Quoting Moty
{image} example {image} {image}


your strategy will only work if you make it work by staying with at all time..

changing every day will create more and more damage, the market dont know u its you that need to manage the information you know from the market.
MY OPINION NOT FINANCIAL ADVISE
  • #788,125
  • Nov 6, 2023 2:39am Nov 6, 2023 2:39am
Quoting montygoldy
{quote} i believe london open will give that push… i am aiming for exact 1.24140
enjoy
chaos is just unknown order
  • #788,126
  • Nov 6, 2023 2:40am Nov 6, 2023 2:40am
Quoting montygoldy
{quote} i believe london open will give that push… i am aiming for exact 1.24140
update 4 more pips to go come on
Attached Image (click to enlarge)
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Extreme gut feeling trader
  • #788,127
  • Nov 6, 2023 2:42am Nov 6, 2023 2:42am
Quoting BigNumbers
Once GU settles above this support. Don’t let me remind you to go long. Blessed week already. {image}


Take profit at the next level.

Good luck.
Attached Image (click to enlarge)
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My telegram: https://t.me/avidforex
  • #788,128
  • Nov 6, 2023 2:47am Nov 6, 2023 2:47am
bye bye mister eu mf
Attached Image (click to enlarge)
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yes yes yes
  • #788,129
  • Nov 6, 2023 2:49am Nov 6, 2023 2:49am
Quoting donfriday
{quote} your strategy will only work if you make it work by staying with at all time.. changing every day will create more and more damage, the market dont know u its you that need to manage the information you know from the market.
and that means willing to actually take a loss.
If you remove the SL because you dont want it to hit, price will run you over.
Thats why he is still holding a short from last week that is over 100 pips in drawdown now.

this is a terrible strategy if you dont have discipline.
in wondering about yourself, you forgot what you came here to be part of
  • #788,130
  • Nov 6, 2023 2:50am Nov 6, 2023 2:50am
Quoting montygoldy
{quote} update 4 more pips to go come on {image}
closed ….
Extreme gut feeling trader
  • #788,131
  • Nov 6, 2023 2:57am Nov 6, 2023 2:57am
Quoting cablekingdom
{quote} Closed short at BE In long -1.2371 Tp-1.2415 Sl-1.2360
Taken partial .....rest riding till R1...1.2440 will be tp
  • #788,132
  • Nov 6, 2023 2:57am Nov 6, 2023 2:57am
Quoting montygoldy
{quote} update 4 more pips to go come on {image}

When it's demo it's easy mate
  • #788,133
  • Nov 6, 2023 3:01am Nov 6, 2023 3:01am
critical cluster 1.2445/60
chaos is just unknown order
  • #788,134
  • Nov 6, 2023 3:05am Nov 6, 2023 3:05am
Quoting PetroPol
{quote} When it's demo it's easy mate
Not demo, methinks. Prop account. Demo realistically though, but real ish at stake.
  • #788,135
  • Nov 6, 2023 3:07am Nov 6, 2023 3:07am
this level is looking good for sells.. hope it holds
  • #788,136
  • Nov 6, 2023 3:07am Nov 6, 2023 3:07am
Quoting BrainBucks
Trading Vs. Gambling.
Trading- waiting for your edge to appear, timing and execution.

Gambling- dont know what they are doing, buy at resistance or sell at support, risking 100 pips for 30pips, dont have a plan if trade goes against you, then hoping it will reverse. Using massive lot size in relation to their account size just because the broker offer unlimited leverage(they forget their broker intention towards their capital)- they get 3 pips wrong, 50% of their account evaporate.

Similarity-
Outcome is unknown in both cases.
More time in the market, does not mean you trade better!
  • #788,137
  • Nov 6, 2023 3:08am Nov 6, 2023 3:08am
60% down so far this morning
  • #788,138
  • Nov 6, 2023 3:17am Nov 6, 2023 3:17am
Quoting Fardeen1209
{quote} Trading- waiting for your edge to appear, timing and execution. Gambling- dont know what they are doing, buy at resistance or sell at support, risking 100 pips for 30pips, dont have a plan if trade goes against you, then hoping it will reverse. Using massive lot size in relation to their account size just because the broker offer unlimited leverage(they forget their broker intention towards their capital)- they get 3 pips wrong, 50% of their account evaporate. Similarity- Outcome is unknown in both cases.
Difference- With an edge an edge the probability of success is higher if it has been properly tested.
  • #788,139
  • Nov 6, 2023 3:18am Nov 6, 2023 3:18am
Quoting Georginson
{quote} Possible more pain for bears on Monday... How can market makers mess traders up? They will reason most traders will expect a gap down on Monday, instead they will do another gap up or simply buy to 1.2500 area before mini correction to 1.2311 and zoom it up to 1.27... This calls for thinking outside of the box.
Classic market makers move... The market can stay liquid than most traders can stay solvent... The game is tough only the strong and resilient can survive.

Sold 1.2420... target 1.2337.
Data + Stat + Risk/Emotions Management
  • #788,140
  • Nov 6, 2023 3:18am Nov 6, 2023 3:18am
Quoting PetroPol
{quote} When it's demo it's easy mate
He said it's a prop firm account.
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