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Cable Update (GBPUSD)

  • #788,861
  • Nov 8, 2023 10:22am Nov 8, 2023 10:22am
Quoting Moty
{quote} Changed it to 3m and 1m macd {image}
I used the colored macd and set it to respond to RSI levels instead of prices. Produces a very responsive price curve.
  • #788,862
  • Nov 8, 2023 10:23am Nov 8, 2023 10:23am
Gu closed now 1.2297
sold EU here
  • #788,863
  • Nov 8, 2023 10:25am Nov 8, 2023 10:25am
All I can say is that the market loves to take me out first
Exhausted
  • #788,864
  • Nov 8, 2023 10:27am Nov 8, 2023 10:27am
I have closed mine longs for now. All done for today.
  • #788,865
  • Nov 8, 2023 10:29am Nov 8, 2023 10:29am
Quoting Elysion
All I can say is that the market loves to take me out first
that because we want what initially ours back in no time
That is why i said do not hasty
My $3500 gone ine a week because i want to buy a car
not stop at that now at $3800ish
as they said 1 percent perday compound in a week much more than Bank interest in a years
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #788,866
  • Nov 8, 2023 10:35am Nov 8, 2023 10:35am
Quoting DrDave
{quote} You have to treat the system like you are standing between 2 mountains. A call comes from one and you start that way. But then the ECHO bounces off the other mountain and you hear it as a call for the other direction. So you have several options. 1. Ignore all of the calls. 2. Heed only the calls from one direction. 3. Heed calls from both directions. I typically choose #2, but when things are rather slow, like today, choose #3.
Today would have been ideal to short in the morning and long in the afternoon. A slow day indeed I entered long near the days low (12256). With another long on order at daily S2 around 12215-20. In a way it’s been profitable as my overnight trade on GBP/CAD I made a few bob too.

now looking at the current PA we’ve had one rejection of daily pivot. If we get another it may take us well beyond 12310 but as we are end of the day it ore than likely will dither along. Have SL at b/e +5
Insane in the Brain..
  • #788,867
  • Nov 8, 2023 10:37am Nov 8, 2023 10:37am
Come on mf
Short position is ready
Sl will be at 1.23020
Tp for 15 pips
3m macd is the signal
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yes yes yes
  • #788,868
  • Nov 8, 2023 10:38am Nov 8, 2023 10:38am
A possible return to 1.2260 cannot be ruled out before final uninterrupted bull move for the rest of the week. Fingers crossed.
Data + Stat + Risk/Emotions Management
  • #788,869
  • Nov 8, 2023 10:38am Nov 8, 2023 10:38am
I stuck to my Call of 1.23 and it paid off. Held through and through.

I have learnt to follow my heart as a newbie and not be moved by what I see from others.

I am still learning, but winning.

Done for the day.
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  • #788,870
  • Nov 8, 2023 10:40am Nov 8, 2023 10:40am
GU sell 1.2294, sl 1.2304, tp 1.2258
  • #788,871
  • Nov 8, 2023 10:42am Nov 8, 2023 10:42am
Quoting Jackoboms
I stuck to my Call of 1.23 and it paid off. Held through and through. I have learnt to follow my heart as a newbie and not be moved by what I see from others. I am still learning, but winning. Done for the day. {image}
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  • #788,872
  • Nov 8, 2023 10:47am Nov 8, 2023 10:47am
Quoting Whale
Gu closed now 1.2297 sold EU here
if next h EU is green i will cut
  • #788,873
  • Nov 8, 2023 10:48am Nov 8, 2023 10:48am
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yes yes yes
  • #788,874
  • Nov 8, 2023 10:48am Nov 8, 2023 10:48am
Quoting Georginson
A possible return to 1.2260 cannot be ruled out before final uninterrupted bull move for the rest of the week. Fingers crossed.

same view
MY OPINION NOT FINANCIAL ADVISE
  • #788,875
  • Nov 8, 2023 10:48am Nov 8, 2023 10:48am
EG short as well based 4h res
  • #788,876
  • Nov 8, 2023 10:49am Nov 8, 2023 10:49am
Quoting Moty
All out!!!! Yes yes yes !!! Equity 640 $ 1/3 of the road to 2000 is almost done The price reached 1.23000 ( my tp ) but i closed it manually 3 pips below The mf like to revarse right before my tp {image}
well done moty..happy green pips.
  • #788,877
  • Nov 8, 2023 10:50am Nov 8, 2023 10:50am
Quoting Whale
EG short as well based 4h res
Swing it to 8600 and below
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  • #788,878
  • Nov 8, 2023 11:04am Nov 8, 2023 11:04am
Quoting Wavegarrick
{quote} Gu setting up for a buy trade right now at 1.22766. Minumum target 1.2300. Cheers.
Todays price action has gotten me out of some bad buy trades. Having said, I am getting buy confirmation signals from an hourly perspective, but the dilemma for me is that my 4 hour t/frame is bearish. Price needs a daily close and hold above 1.23102 very quickly to confirm a bullish bias, We are a few days from the halfway mark of the 4th quarter at 1.22500 and it is no surprise that we are sitting here.
Trade safe Folks and ensure stops in place as price could only come back to this area maybe in Feb next year.
Cheers.
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Trade to trade another day
  • #788,879
  • Edited 11:40am Nov 8, 2023 11:06am | Edited 11:40am
while h1 turned bullish already, h4 is in the making of bullish structure.

Once h4 turns bullish, it is 100 + pips move.
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Intraday only.
  • #788,880
  • Nov 8, 2023 11:09am Nov 8, 2023 11:09am
Quoting navk
{quote} 3 pips below the set TP. That is due to emotion Moty. Anycase very well done. I would say, have a profit target or loss target in mind every day. You can easily avoid emotion.
You can easily avoid emotion.
LOL
You do not know Middle Eastern culture.
To free Gazans of Hamas, use whatever it takes.
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