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Cable Update (GBPUSD)

  • #790,301
  • Nov 14, 2023 12:42pm Nov 14, 2023 12:42pm
Quoting Jolita
{quote} FxStreet mentioned GU can still stretch to 1.2430. Cameron is back, appointed as foreign secretary, good news. Autumn statement next Wednesday, 22nd Nov, will see what Mr Hunt will bring.
Hi Checking in, nice move up, tp closed at 1.2430. Love the markets
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Entered short at 12491
  • #790,302
  • Nov 14, 2023 12:47pm Nov 14, 2023 12:47pm
Quoting Pat Chiko
{quote} That’s not the definition of insanity, it is the definition of the norm. The norm is doing the same thing over and over again – and expecting a different result. Traders keep making the same mistake over and over again. And they cannot stop themselves from falling into this trap and it’s cost them a bundle. {image} It’s a revelation to them that it is normal for traders to fall into a compulsion to act as they are waiting for set-ups to appear. The priming for an emotional hijacking is already underway, even before they bring up their charts...
Quote
{quote} Adult man here is worst than these tiktok 'influencers'
She need her wife hug, as account not doing well off late.
No shit Sherlock. You were degrading me hours back and you are here once again preaching like a saint.
Quote
No surprise to see Pat FX, the multi user name bully, return to Cable and the whole thread turns to mud. Anyone who follows this thread should know two things about Pat FX;

1) Pat FX bullies good people, viciously, and uses multiple profiles in such pathetic ego wars.

2) Pat FX has been bankrupt twice in two years, but is still trying to get seed funding via social media channels. Do not give this person any money
Trade to trade another day
  • #790,303
  • Nov 14, 2023 12:47pm Nov 14, 2023 12:47pm
Quoting JackintheBox
{quote} Lol. I just realized, I talk to myself and call them mf also. Moty is in my brain now . The news today were USD bearish, for sure. But it was not the big suprise or anything, just in sync what was expected. I think they used it to create a market / another level. I was so stupid to jump in too early. On the other hand I traded correct. Extremes you most times miss or trade on the wrong side.

dont beat yourself up....its just like poker

if you traded your plan off of your chart analysis but came out losing its like a poker player that read his opponents all in bluff and called and still lost on the river card he did the right thing just luck beat him with the 5th card

we can avoid that disaster by spacing out our entries and initially use small size to average which poker players cant do once the flop happens

only time to beat yourself up is when do a really bonehead move
short trump and go long the deepstate
  • #790,304
  • Nov 14, 2023 12:48pm Nov 14, 2023 12:48pm
Quoting Jolita
{quote} Hi Checking in, nice move up, tp closed at 1.2430. Love the markets {image} Entered short at 12491
if markets starts selling, can't it go as low as 1.239?

The bulls were crazy today.
  • #790,305
  • Nov 14, 2023 12:53pm Nov 14, 2023 12:53pm
Now, Bears are looking to hide their orders. #1.25
Let us see
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Ahmad Hassan
  • #790,306
  • Nov 14, 2023 12:54pm Nov 14, 2023 12:54pm
Quoting Zebi
this shits beginning to piss me off long 2214..theres no TA reason on hier timeframes for price to be falling averasge 2260 and gona hold come hell or high water


i dont feel like sitting and waiting for my oanda 2500 tp to get hit so closed all longs at 2489 and going short temporarily to 2450 where ill start buying down to 2400

its christmas time in november cause made 230 pips

i lightened up but kept some of my futures longs and will buy lower as well so its kind of a hedge that americans can do
short trump and go long the deepstate
  • #790,307
  • Nov 14, 2023 12:55pm Nov 14, 2023 12:55pm
Quoting Jackoboms
{quote} if markets starts selling, can't it go as low as 1.239? The bulls were crazy today.
May be...

This was a bulls day, and the rest week will be for bears...?
Ahmad Hassan
  • #790,308
  • Nov 14, 2023 12:56pm Nov 14, 2023 12:56pm
Quoting Mitiblotch
{quote} Tomorrow will most likely be a short day. It has hit targets today. I will sell some tomorrow.
Almost everybody in this thread sold much..much...much before.



I shorted around 2450, Got out. As no sign of reversal.

Will search for opportunities tomorrow.
Intraday only.
  • #790,309
  • Nov 14, 2023 12:56pm Nov 14, 2023 12:56pm
Quoting emmanuel7788
{quote} GU did better that I expected ... Next target is historical level 1.25708 but first the psych level BRN 1.2500 {image} ... {image}
i think 1.2515 first then we see the reaction, i would hate to see it going all the way to 1.2575 without a retrace as this would mean for me a deeper retrace that could take days to a week before continuation of the uptrend
  • #790,310
  • Nov 14, 2023 1:01pm Nov 14, 2023 1:01pm
Quoting navk
{quote} Almost everybody in this thread sole much..much...much before. I shorted around 2450, Got out. As no sign of reversal. Will search for opportunities tomorrow.
this the thing, when there’s such a massive move, everyone starts looking for tops to sell from which should not be the case, I have seen GU going for 450 pips in both direction without a retrace on 15 min TF! Personally im not planning to sell anytime soon as in my opinion, this the beginning of dollar dump which could last for month!
  • #790,311
  • Nov 14, 2023 1:02pm Nov 14, 2023 1:02pm
Quoting Jackoboms
{quote} if markets starts selling, can't it go as low as 1.239? The bulls were crazy today.
Over shot, I believe should come back down in the zone.tomorrow might test higher, but I still think is bearish trend.
Weekly
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  • #790,312
  • Nov 14, 2023 1:18pm Nov 14, 2023 1:18pm
Quoting Jolita
{quote} Over shot, I believe should come back down in the zone.tomorrow might test higher, but I still think is bearish trend. Weekly{image}
interesting view, lets see the reaction after touching 1.25-1.2515 which should determine if this is an overshoot or beginning of a bull move
  • #790,313
  • Nov 14, 2023 1:21pm Nov 14, 2023 1:21pm
Quoting fxmasterdxb
{quote} this the thing, when there’s such a massive move, everyone starts looking for tops to sell from which should not be the case, I have seen GU going for 450 pips in both direction without a retrace on 15 min TF! Personally im not planning to sell anytime soon as in my opinion, this the beginning of dollar dump which could last for month!
The thing is...who has guts to buy now ?

What is next option ?

sell.

Intraday only.
  • #790,314
  • Nov 14, 2023 1:23pm Nov 14, 2023 1:23pm
gold and usdjpy targeting 1990 for gold and 149.368 for UJ
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Master your mind. Master Trading.
  • #790,315
  • Nov 14, 2023 1:27pm Nov 14, 2023 1:27pm
Quoting navk
{quote} The thing is...who has guts to buy now ? What is next option ? sell.
lol next option is to hold tight and wait for better price to sell or buy
  • #790,316
  • Nov 14, 2023 1:30pm Nov 14, 2023 1:30pm
Quoting KareemAliFx
gold and usdjpy targeting 1990 for gold and 149.368 for UJ {image}
im sure you have your reasons and technical analysis backing up your targets, for me i dont see gold heading much further, on the contrary i expect to fall below 1800 probably by next month or by Jan, this is my opinion only, i do not have any open position in gold right now
  • #790,317
  • Nov 14, 2023 1:44pm Nov 14, 2023 1:44pm
Quoting fxmasterdxb
{quote} im sure you have your reasons and technical analysis backing up your targets, for me i dont see gold heading much further, on the contrary i expect to fall below 1800 probably by next month or by Jan, this is my opinion only, i do not have any open position in gold right now
daily on gold looks good for a retest at my target but you have a solid point as gold tends to drop when stocks rise . I’ll monitor the trade , cheers
Master your mind. Master Trading.
  • #790,318
  • Nov 14, 2023 1:57pm Nov 14, 2023 1:57pm
Quoting eyefeelsix
{quote} I save my pips by being patient, Opportunity is now here! {image}

wow broken the sky it's not good idea to stay with the bear, stop-out accept the loss.

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https://breakpullback.com
  • #790,319
  • Edited 2:10pm Nov 14, 2023 1:59pm | Edited 2:10pm
Quoting Zebi
{quote} lucky for us i have insomnia so we can talk LOL you really think that dollar drop was because of a soft nfp number?...really?? heres a screenshot of past nfp numbers and a chart with lines pointing to the days...the only one that came close was july 7th and what do you think happened in july specifically july 5th? i posted a screenshot of israels attack on jenin and then there was the russian war that everybody seems to have forgotten LOL maybe try marking what world events happening just before or at the time disappointing usd data comes...

i knew the dollar was going lower from the nfp drop but i didnt think it would make an even bigger mother of all drops today LOL to under 104 ...astounding but im not complaining since i was boolish GU all this time

whats concerning to me is whats afoot whether its in the middle east or interest rates or if inflation is finally beaten and biden will win his second term cause the dollar has a date with destiny at 114 and that can only happen with a dem president

maybe the repugs will fund the usa budget by friday so dollar falling because no drama this time like last month or BOJ interveneing which is what i would do if i was incharge using the weak cpi as impetus

id prefer a more orderly decline in the dollar cause theres some kind of other shit pushing it down than just cpi that we'll only know about in a few days or weeks
i dont like surprises
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short trump and go long the deepstate
  • #790,320
  • Nov 14, 2023 2:04pm Nov 14, 2023 2:04pm
Quoting Zebi
{quote} i dont feel like sitting and waiting for my oanda 2500 tp to get hit so closed all longs at 2489 and going short temporarily to 2450 where ill start buying down to 2400 its christmas time in november cause made 230 pips i lightened up but kept some of my futures longs and will buy lower as well so its kind of a hedge that americans can do

i got robbed of 10 pip profit LOL

short another at 2499
short trump and go long the deepstate
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