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Cable Update (GBPUSD)

  • #788,201
  • Nov 6, 2023 6:53am Nov 6, 2023 6:53am
Quoting ChiForex
Placed a big fat sell at 1.24235, we have just hit the monthly resistance, long way next
Not less than 100pips down initially
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #788,202
  • Nov 6, 2023 6:54am Nov 6, 2023 6:54am
Quoting knkie
{quote} most people get into trading because they want to work less. And then we spend more time at the screen than a desk job. 2 or 3 trades, go out for a walk, enjoy some stuff.
The losses have been stressing me out recently and life was kinda shit for months.
Those are the partial factors. Sigh, but I'll take your word and go for a walk.
Exhausted
  • #788,203
  • Nov 6, 2023 6:55am Nov 6, 2023 6:55am
Quoting LitEU
GU will sell but shit wanna mess with us for a while, those early birds are sure to get wiped out
Not a mess just a deep retracement to higher time frame
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #788,204
  • Nov 6, 2023 6:55am Nov 6, 2023 6:55am
Quoting Elysion
{quote} Don't. It's coming down. All my confirmation triggered 15mins ago. Next plan is to identify TP areas. I have zones marked up at 1.239, 1.235 and 1.232 for today at least.
If it gets follow thru to the downside look for Liquidity zones to target
  • #788,205
  • Nov 6, 2023 6:57am Nov 6, 2023 6:57am
Ah fck finally +23p.
Will reenter again later.
Wanna recoup some capital first.
Exhausted
  • #788,206
  • Nov 6, 2023 6:57am Nov 6, 2023 6:57am
Finally shorts paid off …
Second account passed
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Extreme gut feeling trader
  • #788,207
  • Nov 6, 2023 6:58am Nov 6, 2023 6:58am
Quoting Elysion
{quote} The losses have been stressing me out recently and life was kinda shit for months. Those are the partial factors. Sigh, but I'll take your word and go for a walk.
Try get on zoom at weekend if you can pal
  • #788,208
  • Nov 6, 2023 7:00am Nov 6, 2023 7:00am
Most traders loose their money and waste their time and energy because they trade short term 5, 15 min 1, 4 hours then continue whining without changing their mindset and plan!!
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #788,209
  • Nov 6, 2023 7:01am Nov 6, 2023 7:01am
Quoting Moty
I lhad enough of this shit If this mf gives another buy signal, i am taking it {image}
ok , now it acting like a good boy
I am short any so ...
The bottom indi determine the trend
The indi above gives the signals
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yes yes yes
  • #788,210
  • Nov 6, 2023 7:04am Nov 6, 2023 7:04am
Quoting Moty
I lhad enough of this shit If this mf gives another buy signal, i am taking it {image}
Daily pivot is around 1.2318 about 100 pips lower and it was untouched. Price isn't going much higher today until it tracks a bit lower towards the pivot. My fallible opinion. I'm short from 2427 already.
  • #788,211
  • Nov 6, 2023 7:04am Nov 6, 2023 7:04am
2 short Swing trades i am in atm, should be a good drop on both
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  • #788,212
  • Nov 6, 2023 7:06am Nov 6, 2023 7:06am
Have 12310-30 as area of support but it will mean a huge drop to get there
Insane in the Brain..
  • #788,213
  • Nov 6, 2023 7:07am Nov 6, 2023 7:07am
Quoting Elysion
{quote} The losses have been stressing me out recently and life was kinda shit for months. Those are the partial factors. Sigh, but I'll take your word and go for a walk.
just my opinion, but if youre stressed you can not make good decisions.
I actually take a long walk every morning before trading starts.

Hope life turns better again for you.
in wondering about yourself, you forgot what you came here to be part of
  • #788,214
  • Nov 6, 2023 7:09am Nov 6, 2023 7:09am
Quoting BigNumbers
As you begin your journey in Forex; put in mind these two elements 1. When ever I lose, how much money or pips I’m I giving away. 2. When ever I win, how much money or pips I’m I gaining. one to one ratio, is not advisable! Because you’re definitely going to lose more than you win trades. It is how much you gain whenever you win that covers the number of trades lost. So when practicing, put this at the back of your mind. It is the strongest tool to employ in order to win in Forex.
Great post BN ---- newbies should print this off
  • #788,215
  • Nov 6, 2023 7:10am Nov 6, 2023 7:10am
Quoting ChiForex
Most traders loose their money and waste their time and energy because they trade short term 5, 15 min 1, 4 hours then continue whining without changing their mindset and plan!!
absolutely wrong brother if u have an edge, system n trading plan any timeframe will work.
Extreme gut feeling trader
  • #788,216
  • Nov 6, 2023 7:14am Nov 6, 2023 7:14am
Quoting ChiForex
Most traders loose their money and waste their time and energy because they trade short term 5, 15 min 1, 4 hours then continue whining without changing their mindset and plan!!

the time frame was created for your schedules not that the time frame make traders loss money.

first you need to ask yourself what type of trader are you....

i trade of 15min and 4hrs chart 3 hrs , 1hr nap and 3hrs then i closed..
MY OPINION NOT FINANCIAL ADVISE
  • #788,217
  • Nov 6, 2023 7:14am Nov 6, 2023 7:14am
Quoting knkie
{quote} just my opinion, but if youre stressed you can not make good decisions. I actually take a long walk every morning before trading starts. Hope life turns better again for you.
Morning wake up 6am, work 8 - 6pm
Reach home around 7:30pm
Exhausted
  • #788,218
  • Nov 6, 2023 7:17am Nov 6, 2023 7:17am
Quoting giveachance
i wont be surprised if we hit 1.2375 and continue downside. there is nothing which suggest pound should be so high. uj has still not closed the gap of 147.80
looking good so far.
  • #788,219
  • Nov 6, 2023 7:17am Nov 6, 2023 7:17am
Quoting Elysion
{quote} Morning wake up 6am, work 8 - 6pm Reach home around 7:30pm
that does sound stressful.
Thats a long day man.

Working less hours would mean making less money but maybe more free time and less stress in the brain?

idk, just thinking out loud.
in wondering about yourself, you forgot what you came here to be part of
  • #788,220
  • Nov 6, 2023 7:21am Nov 6, 2023 7:21am
I have support levels on M15 and M30 @

1.2384
1.2377

i would not be surprised if price turns upward again.
but as of yet no signals on M5
in wondering about yourself, you forgot what you came here to be part of
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