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Cable Update (GBPUSD)

  • #789,521
  • Nov 10, 2023 10:27am Nov 10, 2023 10:27am
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yes yes yes
  • #789,522
  • Edited 12:27pm Nov 10, 2023 10:38am | Edited 12:27pm
Quoting Pat Chiko
{quote} EU Swing swing....{image}
EU

20 hours swing to nowhere.


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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #789,523
  • Edited 12:20pm Nov 10, 2023 10:41am | Edited 12:20pm
Quoting Pat Chiko
{quote} GU re-enter anothrer "swing trades" Asia and london swing not so good, now NY swing. {image}
GU

Another20 hours of looking a price swinging in circle back to the same place.


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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #789,524
  • Nov 10, 2023 10:42am Nov 10, 2023 10:42am
Quoting Pat Chiko
{quote} EU 20 hours swing to nowhere. Closed{image}
That's very frustrating...sorry bro
  • #789,525
  • Nov 10, 2023 10:43am Nov 10, 2023 10:43am
Quoting navk
{quote} with my broker, for 1 lot 7 dollar commision. For 5 lots 35 $ {image}
I get $8 per lot with my broker. And extremely rare to have negative slippage on either entries or exits, and very common to get positive slippage on exits.
To free Gazans of Hamas, use whatever it takes.
  • #789,526
  • Nov 10, 2023 10:44am Nov 10, 2023 10:44am
Quoting Pat Chiko
{quote} {quote} Thanks for your signal Elysion. sniper call and good swing. GOLD Open LONG{image}
GOLD
Need to brag a bit on these losses............
No luck with this.
Loss money in swing.


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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #789,527
  • Nov 10, 2023 10:49am Nov 10, 2023 10:49am
Quoting mkvy
{quote} whats this got to do with forex trading?
It's Friday.
Just ignore it if you want.
Lost....
  • #789,528
  • Nov 10, 2023 10:50am Nov 10, 2023 10:50am
Quoting kenny4real
{quote} That's very frustrating...sorry bro

Hey Bro.

I scalp (typo) swing on H4 TF. Only looking at it twice today, thus not really time wasting.
But as traders, we need to put our capital to good use in order to achieve a reasonable or better return.

Thus, as I posted earlier this week, I suggest we look into other trading instruments, as USD crosses are not really moving.
Here the link to the statemnt made earlier. :
Quoting Pat Chiko
{quote} Some thought. {image}
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #789,529
  • Nov 10, 2023 10:59am Nov 10, 2023 10:59am
put pending order on this supply zone. price got back in the trendline and not rejecting. small risk with 30 pip.
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The future influences the present just as much as the past - Friedrich N.
  • #789,530
  • Nov 10, 2023 11:03am Nov 10, 2023 11:03am
Whelp Shitpa across the board today on Fukem friday ----- Best performing Bull pair of day is eur/aud and im not in the bugger... But am in OIL which hasnt been too bad. Was in a few days ago and got stopped out @breakeven then got in again today at same price

Other trades i am Swinging are ftse, us500 and short eur/gbp for a swing

Hope you guys all had a great week
  • #789,531
  • Nov 10, 2023 11:10am Nov 10, 2023 11:10am
Quoting DrDave
{quote} I get $8 per lot with my broker. And extremely rare to have negative slippage on either entries or exits, and very common to get positive slippage on exits.
yes, when commision is more,slippage is nil.
Intraday only.
  • #789,532
  • Nov 10, 2023 11:12am Nov 10, 2023 11:12am
Quoting Pat Chiko
{quote} GOLD Need to brag a bit on these losses............ No luck with this. Loss money in swing. {image}
How you do that, it's a gold with 10 pips sl, sometimes blink one time and it's already -20
  • #789,533
  • Nov 10, 2023 11:16am Nov 10, 2023 11:16am
I did manage to book profits in long direction.

It is simple because i did scalping.

The trend is still down since yesterday when 4 hr changed in line with daily.

I expect this to contnue ....sunday night too...

Monday morning when NY opens, watchout for reversal.
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Intraday only.
  • #789,534
  • Nov 10, 2023 11:18am Nov 10, 2023 11:18am
Quoting Headland
{quote} Hi Pat, thanks for your posts....an interesting question - do you not think you are effectively placing the same trade (to a large extent, not exactly though,) across 3 separate instruments -or- is it in essence a hedge of sorts, rather than place it all on say Gbpusd long for example?
Hey Bro.

Headland,
You have undoubtedly as one of the best hand on deck in this forum and generous enough to share your value contant chart almost everyday.
I thanks you for that.

Why trade more than one instrument ? ( my previous post on this was published)

Let start with noticing that all USD crosses have been stagnant for the past few weeks.
This is due to headwinds facing the US Dollar from the Federal Reserve holding rates and UK and the Euro Zone's economic woes.
This has created a "game of the weak vs. the weak" that is rather dull to watch.

Despite a lukewarm US Dollar, the most realistic outlook is that USD crosses will consolidate before making a break higher or lower.
This suggests that the pair is trying to find traction or a direction to start moving.

Therefore , I am looking at US bonds, which appear to have bottomed.
If this is the case, it means that US yields have likely topped, making it reasonable to expect money to flow into Nasdaq or stocks next.

Meanwhile, the JPY is on a journey to the unknown, as the BOJ continues to intervene in the market.
This orchestrated move by the BOJ appears to be following instructions from the FED. ( if you look carefully)
It is important to observe how the JPY moves, as it will need to please USD bonds.

Outside of forex, indices have been the most robust moving instruments in recent months.
I have been trading heavily on the US30, US500, UK100, and NASDAQ.
I have withdrawn most of my funds from forex and channeled them into index trading, as I believe that indices will continue to move aggressively until the next US presidential election.

Will share all my trades in NASDAQ, US300, US100 and UK100 trades which I seldom share in this thread.

Regards

Pat CHIKO
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #789,535
  • Nov 10, 2023 11:23am Nov 10, 2023 11:23am
Quoting DmShka
{quote} How you do that, it's a gold with 10 pips sl, sometimes blink one time and it's already -20
I'm here to brag about all my losses!
It's a rare thing in this thread, I know, but I'm not afraid to admit it. I'm the king of losses, but not destroyer of accounts. (dtill got enough money to trade gold next week).

But I'm not here to complain.
I'm here to celebrate my losses!
Because what's trading without a little bit of pain?
A little bit of suffering?
A little bit of screw up?

So here's to all my fellow losers out there!
Keep up the good work!

It's Friday, lets party !!!!
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #789,536
  • Nov 10, 2023 11:26am Nov 10, 2023 11:26am
Maybe this scenario will play out.
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Always trade your own plan...I don't provide trading signals.
  • #789,537
  • Nov 10, 2023 11:26am Nov 10, 2023 11:26am
Quoting Pat Chiko
{quote} Hey Bro. Headland, You have undoubtedly as one of the best hand on deck in this forum and generous enough to share your value contant chart almost everyday. I thanks you for that. Why trade more than one instrument ? ( my previous post on this was published) Let start with noticing that all USD crosses have been stagnant for the past few weeks. This is due to headwinds facing the US Dollar from the Federal Reserve holding rates and UK and the Euro Zone's economic woes. This has created a "game of the weak vs. the weak" that is rather dull...
Have you tried Dax and Nikkei?, it's looks like more easiest than nas, just imho...
  • #789,538
  • Nov 10, 2023 11:29am Nov 10, 2023 11:29am
Quoting Pat Chiko
{quote} I'm here to brag about all my losses! It's a rare thing in this thread, I know, but I'm not afraid to admit it. I'm the king of losses, but not destroyer of accounts. (dtill got enough money to trade gold next week). But I'm not here to complain. I'm here to celebrate my losses! Because what's trading without a little bit of pain? A little bit of suffering? A little bit of screw up? So here's to all my fellow losers out there! Keep up the good work! It's Friday, lets party !!!!
well, you win some you lose some. right?
The future influences the present just as much as the past - Friedrich N.
  • #789,539
  • Nov 10, 2023 11:32am Nov 10, 2023 11:32am
Quoting Pat Chiko
{quote} I'm here to brag about all my losses! It's a rare thing in this thread, I know, but I'm not afraid to admit it. I'm the king of losses, but not destroyer of accounts. (dtill got enough money to trade gold next week). But I'm not here to complain. I'm here to celebrate my losses! Because what's trading without a little bit of pain? A little bit of suffering? A little bit of screw up? So here's to all my fellow losers out there! Keep up the good work! It's Friday, lets party !!!!
I think to showing loses, it's exactly what need that forum, cause' the best experience that possible to get are someone loses and mistakes
  • #789,540
  • Nov 10, 2023 11:41am Nov 10, 2023 11:41am
Quoting DmShka
{quote} Have you tried Dax and Nikkei?, it's looks like more easiest than nas, just imho...
Yeah.

i spend most of time with US30, US 100, UK100 and NASDAQ.
I will share you those trades later.

DAX and Nikkei is also interesting to look at, coz it focus only during those market open and active.
Thus easier to wait for good set up at appropriate timing.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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