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Cable Update (GBPUSD)

  • #788,641
  • Nov 7, 2023 1:57pm Nov 7, 2023 1:57pm
Quoting beejay
{quote} This type of partially engulfing candle on the weekly, I have counted like 8 that failed immediately between 2017 and now on the weekly chart including fully engulfed ones..there is nothing like never

i looked for engulfing candles that took out multiple weeks and havent seen any immediately reversed on weekly chart...can you post a screenshot?

im sure there might be but how far back are we going
short trump and go long the deepstate
  • #788,642
  • Nov 7, 2023 2:00pm Nov 7, 2023 2:00pm
Quoting donfriday
{quote} what is a definition of gambler ?
He stated that he is a gambler. I merely acknowledged his statement, so better to ask him how he defines himself.
To free Gazans of Hamas, use whatever it takes.
  • #788,643
  • Nov 7, 2023 2:08pm Nov 7, 2023 2:08pm
Quoting DrDave
{quote} He stated that he is a gambler. I merely acknowledged his statement, so better to ask him how he defines himself.

good movie if you want to watch it

https://en.wikipedia.org/wiki/The_Ga...282014_film%29
short trump and go long the deepstate
  • #788,644
  • Edited 2:43pm Nov 7, 2023 2:11pm | Edited 2:43pm
Quoting JackintheBox
{quote} I think Dr. Dave just wanted to know if I'm a gambler. No further details were discussed. He was just wondering why I picked long at 1.2265 on a hell of downtrend, not even confirmed 1 Minute trend up. Actions like that make him crazy. And even makes him more crazy that I almost picked the bottom with my "gambling" attitude, lol.
You read too much into my simple question. I was simply curious as to why you started buying, not upset about it and far from "crazy". You made it clear that information is not forthcoming. I acknowledged, and thought I ended my post with a closure of the subject.
To free Gazans of Hamas, use whatever it takes.
  • #788,645
  • Nov 7, 2023 2:25pm Nov 7, 2023 2:25pm
Quoting Zebi
{quote} what timeframe is that chart?
M5

i trade M1 and M5
M15 & H1 as reference


i exited +7

im done for today
great day.
This is the first time i have had a perfect score: 6 trades, no losses.
in wondering about yourself, you forgot what you came here to be part of
  • #788,646
  • Nov 7, 2023 3:03pm Nov 7, 2023 3:03pm
i got a buy signal on hourly chart but not taking it cause im stalking big game on 4H ...still an hour to go
short trump and go long the deepstate
  • #788,647
  • Nov 7, 2023 3:31pm Nov 7, 2023 3:31pm
Strange one today. The drop over the last 2 days has been quite impressive. However it seems 12270 as the support level. Even with a move up it couldn’t get back today’s opening level. Some data tomorrow and Fed Powell speech too.
Insane in the Brain..
  • #788,648
  • Nov 7, 2023 3:53pm Nov 7, 2023 3:53pm
Quoting knkie
{quote} M5 i trade M1 and M5 M15 & H1 as reference i exited +7 im done for today great day. This is the first time i have had a perfect score: 6 trades, no losses.

don’t worry soon 3 months win
MY OPINION NOT FINANCIAL ADVISE
  • #788,649
  • Nov 7, 2023 5:20pm Nov 7, 2023 5:20pm
Quoting BeeTogether
Strange one today. The drop over the last 2 days has been quite impressive. However it seems 12270 as the support level. Even with a move up it couldn’t get back today’s opening level. Some data tomorrow and Fed Powell speech too.
The drop had an effect on UK gilts rally as BOE policy makers considering interest rate cuts in 2024.
For more info pls read FT article on UK gilts rally...
  • #788,650
  • Nov 7, 2023 6:29pm Nov 7, 2023 6:29pm
Morning guys

The Monday pin bar still valid. thus, my order (sold at 1.23338) still open and expecting the market down to 1.20348.

Hands free from the trading station and let the market work on its own.

Cheers!
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Daily Chart Trader - Appreciate time to work
  • #788,651
  • Nov 7, 2023 7:10pm Nov 7, 2023 7:10pm
1st trade of the day..
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  • #788,652
  • Nov 7, 2023 8:02pm Nov 7, 2023 8:02pm
Long 1.2280 SL 1.2250
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #788,653
  • Nov 7, 2023 8:09pm Nov 7, 2023 8:09pm
Quoting Yngwie
Long 1.2280 SL 1.2250
where is your target..seems you confident with this long so take 30pips sl
  • #788,654
  • Nov 7, 2023 8:15pm Nov 7, 2023 8:15pm
2215 is the short target for today.

In line with 4hr support.

But then now, retracement. Long taken for few pips.
Intraday only.
  • #788,655
  • Nov 7, 2023 8:17pm Nov 7, 2023 8:17pm
Quoting voeltoez
{quote} where is your target..seems you confident with this long so take 30pips sl
consider up to 1.2320
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #788,656
  • Nov 7, 2023 8:43pm Nov 7, 2023 8:43pm
I think we have reached the weekly low.
Now time to move up.

New system takes hell lots of discipline to make it a guaranteed trade.

Instead of picking bottom or top, I'll miss 20 to 30% of the move sometimes but will guaranteed a profitable trade when everything falls into place.

For this sytem I rather go for commission based trade with raw spread instead of spread based trading.
Cuz spread may messed it up due to the small pips difference.
Exhausted
  • #788,657
  • Nov 7, 2023 8:51pm Nov 7, 2023 8:51pm
Quoting Elysion
I think we have reached the weekly low. Now time to move up. New system takes hell lots of discipline to make it a guaranteed trade. Instead of picking bottom or top, I'll miss 20 to 30% of the move sometimes but will guaranteed a profitable trade when everything falls into place. For this sytem I rather go for commission based trade with raw spread instead of spread based trading. Cuz spread may messed it up due to the small pips difference.
to test the movement, better put half or 30% of ur normal lot..then you could add it later when sure its on right path..we call it averaging..
  • #788,658
  • Nov 7, 2023 9:08pm Nov 7, 2023 9:08pm
Quoting voeltoez
{quote} to test the movement, better put half or 30% of ur normal lot..then you could add it later when sure its on right path..we call it averaging..
Yeah, I took profit of the upwards movement just now.
Bagged average 12 pips.
Now I reentered with smaller lots.
Exhausted
  • #788,659
  • Nov 7, 2023 9:11pm Nov 7, 2023 9:11pm
Price is still below daily pivot, but I wanna see a retest of weekly pivot at 1.232 above that we'll likely go back to previous high.
Exhausted
  • #788,660
  • Nov 7, 2023 9:13pm Nov 7, 2023 9:13pm
Quoting Elysion
{quote} Yeah, I took profit of the upwards movement just now. Bagged average 12 pips. Now I reentered with smaller lots.
protect the balance is no.1,,, focus on pips no.2,, money will follow..slow but sure..
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