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Cable Update (GBPUSD)

  • #789,241
  • Nov 9, 2023 4:57pm Nov 9, 2023 4:57pm
Quoting pipfarm
Nice long set up 4H in correction against D1 and D1 moving up with W1 a good close above 23017 to be precise on H4 sets a new trend in motion for the upside to continue same set up on eurusd long and usdchf short ( usdchf d1 is still above w1 so GU and EU are the preferred trades with higher probability) {image}

No 4H close so no trend continuation on the set ups, no harm done.
Follow The Markets Structure - Patience and Discipline
  • #789,242
  • Nov 9, 2023 4:59pm Nov 9, 2023 4:59pm
Quoting pipfarm
{quote} dxy set up for short , break and close below 105.27 on 4H should set a new trend down in motion

same here no 4h close to confirm the trend continuation
Follow The Markets Structure - Patience and Discipline
  • #789,243
  • Nov 9, 2023 5:11pm Nov 9, 2023 5:11pm
Quoting elbert3
{image} Interesting long time trade Swissy
Im short gbp/chf and looking to add around 1.1100 area to under 1.1000 first and lower fwiw.. posted chart a few days back

Anyways goodnight all
  • #789,244
  • Nov 9, 2023 5:18pm Nov 9, 2023 5:18pm
Some red sticker data tomorrow could take us well below 122. Being Friday we could see both bulls and bears tomorrow. If we do manage to test 123 again (80 pips from here) it might be a liquidity grab from a drop harder. I’m seeing a more bearish outlook on 4H
Insane in the Brain..
  • #789,245
  • Nov 9, 2023 5:27pm Nov 9, 2023 5:27pm
o.k i took the loss
340 $
took short eu
dx will close the gap tomorrow
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yes yes yes
  • #789,246
  • Nov 9, 2023 5:47pm Nov 9, 2023 5:47pm
Quoting Moty
o.k i took the loss 340 $ took short eu dx will close the gap tomorrow {image} {image}
Why are you enter, when even participants of market not there? Is it make really sense...
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  • #789,247
  • Nov 9, 2023 5:56pm Nov 9, 2023 5:56pm
Maybe future movement, can be level for buying, but right now we are in the middle of the field... Better waiting imho
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  • #789,248
  • Nov 9, 2023 6:02pm Nov 9, 2023 6:02pm
Closed 2/3 of my EUR/USD short position. Left the rest running for T.P. of 1.055. If price pumps up again, I will add to my short for the dump.
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You cannot fail if you never give up.
  • #789,249
  • Nov 9, 2023 6:04pm Nov 9, 2023 6:04pm
Look at the different angle
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  • #789,250
  • Nov 9, 2023 6:16pm Nov 9, 2023 6:16pm
Quoting DmShka
Look at the different angle {image}
expecting daily s1 before any upmove.. dxy too strong right now
Extreme gut feeling trader
  • #789,251
  • Edited 6:37pm Nov 9, 2023 6:23pm | Edited 6:37pm
Quoting 7154Superman
{quote} Ok, let's say if I would use a funded account, then make a bunch of bad trades, whittling the account down to nothing with a bunch of -3% losing trades, what would the funding firm do about it? Would I have to pay them back?

its all play acting with prop firms ..its just a demo account you can get money out of like video slot machines

the firms do their best to screw you over once you get "funded"... and if you happen to get to the finish line of a payout theyll try denying you that payout for any number of stupid reasons

go back about 2 months in this thread and you can witness all the bitchin, moaning and crying cause the cftc closed down a dishonest prop LOL

https://www.forexfactory.com/thread/...2#post14649372

ask montygoldy about his experiences hes just starting out on his forex prop firm journey and hes probably the only honest trader in that room that actually loses challenges cause nobody else ever admits losing with prop firms LOL

lots of people moving over to futures prop trading cause they regulated by americans so theyre a bit more honest


i like reading that thread for amusement purposes...like i said go back about 2 months when MFF got shut down you wont believe the amount of crying by supposedly well financed traders over there LOL
short trump and go long the deepstate
  • #789,252
  • Nov 9, 2023 6:25pm Nov 9, 2023 6:25pm
Quoting montygoldy
{quote} expecting daily s1 before any upmove.. dxy too strong right now
Maybe gbp gdp news bring rocket later
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #789,253
  • Nov 9, 2023 6:37pm Nov 9, 2023 6:37pm
hi guys, i am back with an incredible system, one that requires extreme discipline, but only have to look at the chart once a day, set and forget, is Moty still here?
  • #789,254
  • Nov 9, 2023 6:38pm Nov 9, 2023 6:38pm
selling cable since tuesday
  • #789,255
  • Nov 9, 2023 6:51pm Nov 9, 2023 6:51pm
Morning guys.

The price formed a nice downtrend bar last night. it was working from the Monday pin bar. now very close to my initial target 1.2190. expecting to close the order today !

Cheers!
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Daily Chart Trader - Appreciate time to work
  • #789,256
  • Nov 9, 2023 6:54pm Nov 9, 2023 6:54pm
Quoting Zebi
{quote} its all play acting with prop firms ..its just a demo account you can get money out of like video slot machines the firms do their best to screw you over once you get "funded"... and if you happen to get to the finish line of a payout theyll try denying you that payout for any number of stupid reasons go back about 2 months in this thread and you can witness all the bitchin, moaning and crying cause the cftc closed down a dishonest prop LOL https://www.forexfactory.com/thread/...2#post14649372 ask montygoldy about...
Good to know, thanks. I mean, it's an option for me to try a good "American" funded account if for whatever reason I blow my account, and don't have the energy to try again with my own cash. But hopefully, it doesn't come to that. I'm working on balancing my risk management the same way I learned how to get good at the game of "Risk: Global Domination". It's all about risk management.
I like to go in heavy, with high risk, high reward trades, but still have enough free margin to hedge if necessary, then add to the original position when price stops going underwater. I'm not a stop loss kind of person. It just messes with me because of all the "random" choppy action that almost always takes out my stop loss before going the direction I called for. LoL. It would have gotten stopped out today with that pump before the dump. But I survived it because I just knew what price was going to do in the end. Sometimes you just know. Listen to your gut. LoL
But as my account grows, the idea is to bank some of the profit for real life income, and leave the rest in for compounded growth. If my trading skill improves similar to my past history of playing the game of "Risk: Global Domination", it will take only a few more years to get to a profit/income level that I can only dream about now. One thing that I discovered helps me reduce my mental stress while trading with exponential growth after the initial deposit is withdrawn, is realizing that if I never had the money, then I won't miss it if I lose it. It's not mine until I spend it in real life. I can treat it like a funded prop firm account. I don't have to pay taxes on the profit until I bank it anyway.
You cannot fail if you never give up.
  • #789,257
  • Nov 9, 2023 6:58pm Nov 9, 2023 6:58pm
2260?
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  • #789,258
  • Nov 9, 2023 7:07pm Nov 9, 2023 7:07pm
Quoting STLongTerm
Morning guys. The price formed a nice downtrend bar last night. it was working from the Monday pin bar. now very close to my initial target 1.2190. expecting to close the order today ! Cheers! {image}
quite shocking how such a strong bullish daily candle last friday can be virtually wiped out this week, the market can not be predicted , just followed
  • #789,259
  • Nov 9, 2023 7:12pm Nov 9, 2023 7:12pm
Quoting voeltoez
sold 2304..dare to short until tomorrow?
who is following this?
  • #789,260
  • Nov 9, 2023 7:12pm Nov 9, 2023 7:12pm
Long 1.2215 SL 1.2195
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
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