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Cable Update (GBPUSD)

  • #791,261
  • Nov 19, 2023 1:35pm Nov 19, 2023 1:35pm
Kareem Eurusd also has resistance not far above.
  • #791,262
  • Nov 19, 2023 1:40pm Nov 19, 2023 1:40pm
Quoting fxmasterdxb
{quote} i have been analysing the market in the past hour or so, i like to do so few hours before market open. My initial analysis are similar to yours, I expect USD to fall during this week, will be looking to sell UJ and UCAD and buying GU & EU Gold is a bit tricky though, there’s no fundamental reason to push gold through the current ceiling (2070ish), i dont trust technical analysis much with gold as its fundemantely driven more than anything else, i might scalp it for few dollars up and down only
thank you for your validation ! It’s good to have another agree . I have to say that gold is fundamentally bullish just because of the geopolitical tensions and especially what’s going on with the Middle East . That paired with USD weakness , I believe gold is overall bullish . That’s just my view ! Cheers !
Master your mind. Master Trading.
  • #791,263
  • Nov 19, 2023 1:40pm Nov 19, 2023 1:40pm
Quoting Houtbay
Kareem Eurusd also has resistance not far above.
I see that too , I think it will pullback when it reaches it
Master your mind. Master Trading.
  • #791,264
  • Nov 19, 2023 2:14pm Nov 19, 2023 2:14pm
Eurgbp short until 0.87460.
  • #791,265
  • Nov 19, 2023 2:30pm Nov 19, 2023 2:30pm
Quoting Houtbay
Kareem Eurusd also has resistance not far above.
EURUSD is in a box range and appears to be headed to 1.1230 so potential for alot of pips.
  • #791,266
  • Nov 19, 2023 2:33pm Nov 19, 2023 2:33pm
Quoting KareemAliFx
{quote} thank you for your validation ! It’s good to have another agree . I have to say that gold is fundamentally bullish just because of the geopolitical tensions and especially what’s going on with the Middle East . That paired with USD weakness , I believe gold is overall bullish . That’s just my view ! Cheers !
Well in my opinion the war heat has cooled down, israel managed to penetrate through Ghaza with ground troops and its matter of time before they take down Hammas, Iran & huzzaballah didnt interfere yet so its highly unlikely any third party will get involved.

From the above i personally conclude that there are no events in the middle east that could spark a sudden bullish movement in gold, i think it will either keep moving side ways before falling or it’ll fall soon.

im not planning to trade gold in this week unless i see clear signs of a fall, otherwise i consider buying gold at those levels as a high risk.
  • #791,267
  • Nov 19, 2023 2:49pm Nov 19, 2023 2:49pm
He went long when I said before the 3 crows ever existed and never changed the targets since then. His reasoning was too many people are long $.
None of that matters, as all he wants is an American persona of someone in the 5%, who has been trading since the Jurassic period.
It is beggars belief, but some members are happy to send strangers with a good persona money and that's what this is about.
It's called fatting the pig and that's a stage before the slaughter.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #791,268
  • Nov 19, 2023 2:58pm Nov 19, 2023 2:58pm
What are you talking about??
  • #791,269
  • Nov 19, 2023 3:14pm Nov 19, 2023 3:14pm
Quoting clemmo17
{quote} I turned up the brightness on your screenshot and I can see the original numbers behind the number that you pasted in (photoshop?) The font doesn’t even match. Not sure what this edit is meant to do anyway as nobody ever believes anything shown on this site. For obvious reasons. {image}
Great people have eagles eye, I have been reading your some of threads "clemmo" and those are great My below post is not belongs to Kareem or any other people who shows big profit.

"Photoshop" may hide flaws in an image, but it can't erase the truth. In trading, transparency and honesty are your strongest allies. "Manipulating results not only lacks integrity but also paves the way for a chain of mistakes." and a loss of credibility. The real journey to success starts with integrity and an authentic commitment to learning."

This is biggest active thread on FF and new traders always come here to find the holy grail and new GURU's who can teach them, my humble advice to all newbies "Be cautious of the glittering illusions. In the world of trading, genuine expertise speaks louder than flashy profits. Newbies, seek guidance from those who emphasize learning, strategy, and risk management, not from those who "sell dreams without substance". Your success depends on knowledge, not on empty promises."

"Intelligence should be present in imitation"

Always believe only on FF Trade Explorer linked trading account if someone is selling hope.
If you believe in yourself anything is possible !!
  • #791,270
  • Nov 19, 2023 3:34pm Nov 19, 2023 3:34pm
Quoting imifx
{quote} Great people have eagles eye, I have been reading your some of threads "clemmo" and those are great My below post is not belongs to Kareem or any other people who shows big profit. "Photoshop" may hide flaws in an image, but it can't erase the truth. In trading, transparency and honesty are your strongest allies. "Manipulating results not only lacks integrity but also paves the way for a chain of mistakes." and a loss of credibility. The real journey to success starts with integrity and an authentic commitment to learning." This is biggest...
I have no problem at all with what you said, however, one point all traders regardless if experts or newbies need to take into consideration NEVER EVER FOLLOW ANY TRADE CALL HERE OR ANY OTHER FORUM/PLATFORM UNLESS IF IT AGREES WITH YOUR ANALYSIS

One of my biggest mistakes i made in the past was reading the “red tagged” traders opinions and acting on them although my analysis indicates the opposite! Of course this was many years back.

I personally share my opinion and sometimes trade calls for discussions, if you agree why agree and if you are against then why, then i analyse the responses and start putting it in perspective in order to have another angle to the market, i never expect anyone to follow my trade just because i have a “red tag”
  • #791,271
  • Nov 19, 2023 3:41pm Nov 19, 2023 3:41pm
Quoting fxmasterdxb
{quote} I have no problem at all with what you said, however, one point all traders regardless if experts or newbies need to take into consideration NEVER EVER FOLLOW ANY TRADE CALL HERE OR ANY OTHER FORUM/PLATFORM UNLESS IF IT AGREES WITH YOUR ANALYSIS One of my biggest mistakes i made in the past was reading the “red tagged” traders opinions and acting on them although my analysis indicates the opposite! Of course this was many years back. I personally share my opinion and sometimes trade calls for discussions, if you agree why agree and if you...
Thank you for adding, you're absolutely correct.

Green pips to you
If you believe in yourself anything is possible !!
  • #791,272
  • Nov 19, 2023 3:52pm Nov 19, 2023 3:52pm
With photoshop and other image editing software using skills it is possible to create images to support all kinds of results.
What isn't possible to fake is to a recommendation and a result after a period of time like 5 minute, 10 minutes, 1 hour, 1 day that reflect the results that transpired since the recommendation.
Just sayin.
  • #791,273
  • Nov 19, 2023 4:03pm Nov 19, 2023 4:03pm
Following other traders' calls is of less value - and may even be harmful in the long run - than learning how to be a better trader and being consistently successful in it.

Trade safe, prosper.

KP

Quoting fxmasterdxb
{quote} I have no problem at all with what you said, however, one point all traders regardless if experts or newbies need to take into consideration NEVER EVER FOLLOW ANY TRADE CALL HERE OR ANY OTHER FORUM/PLATFORM UNLESS IF IT AGREES WITH YOUR ANALYSIS One of my biggest mistakes i made in the past was reading the “red tagged” traders opinions and acting on them although my analysis indicates the opposite! Of course this was many years back. I personally share my opinion and sometimes trade calls for discussions, if you agree why agree and if you...
Do your homework, follow the footprints of smart money
  • #791,274
  • Nov 19, 2023 4:04pm Nov 19, 2023 4:04pm
GBPUSD price action on the daily time frame is sideways but the preceding technical impulse is bullish. Although the technical structure is bearish, we cannot rule out further northward move before a southward turnaround.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #791,275
  • Nov 19, 2023 4:09pm Nov 19, 2023 4:09pm
GU want 1.224
must be patient
  • #791,276
  • Nov 19, 2023 4:09pm Nov 19, 2023 4:09pm
In the red corner we have everyone without trade explorers, in the green corner we have everyone without Photoshop, ding ding ding ding ding
  • #791,277
  • Nov 19, 2023 4:12pm Nov 19, 2023 4:12pm
Quoting 7154Superman
{quote} So, my gambling/hedging style didn't work out this round. Before CPI news on Tuesday, I wasn't convinced to close my EUR/USD short, but I did hedge it with a long from 1.07 to 1.08. But, then I doubled down with shorts from 1.08, only to get margin called, and closed all at around 1.088. I lost about 40% of my account. So, forget that. The only safe way for me to trade is apparently with a tight stop loss. I have had a tendency in the past to get frustrated when stop loss gets hit, then I ended up over trading, trying to make it back, only...
I didn't trade on Friday, due to real life work (taxi driving) not giving me any free time.
Hopefully, this week will give me plenty of time to exercise my tight stop/aggressive high leverage scalping strategy.
Even though it's tough for me to implement, I would like to simply hold a winning trade with stop loss at break even and let it fly. My natural tendency is to quickly close the winning trade when price starts to retrace and erase my winnings.
During a consistent trend, I tend to lose out on the big wins then. But let me try that whenever possible, always with a tight stop loss with no more than -7 pips loss or at break even.
In the past, trading without a tight stop loss has always ultimately ended up in a massive loss, even after being successful for a while like doubling my account size, then losing it all, and then losing some more, and some more, initiating a losing cycle that would give me a PTSD reaction during certain types of price action. I don't think I have ever gotten over that, even now. So, that's why I have now made up my mind that using a tight stop loss is the only way to overcome that potential losing cycle mindset.
I have never really tried using a tight stop loss for any extended periods of trading (more than a few days).
Every other method of trading without a tight stop loss has always ended in tragedy one way or another. I am now convinced using a tight stop loss is the ONLY way to make consistent profit. It does require a higher level of skill and experience to determine when to open a trade and not get that stop loss hit too many times before making net profit.
For me at this point, going all in immediately with max leverage allowed in the USA (50:1) with a tight stop is the simplest way to do this. It gives me no room for "coulda, woulda, shoulda" mind battles. I have enough experience now (over 4 years of consistent screen time) with EUR/USD price action to be able to manage the risk successfully by ultimately winning more than I lose.
The buck stops here. The moment of truth starts now.
Generally, I have found the best time to trade aggressively is during the New York session from 8:00 a.m. to 1:00 p.m. EST. Other sessions can be good sometimes, but it's not as consistent.
So, let's go, looking forward, head held high. Seeking the ultimate prize = $1 million.
You cannot fail if you never give up.
  • #791,278
  • Nov 19, 2023 4:18pm Nov 19, 2023 4:18pm
Quoting mkvy
In the red corner we have everyone without trade explorers, in the green corner we have everyone without Photoshop, ding ding ding ding ding
The car in my photo is not photoshopped. It's an actual photo I took of a car at my house the day I brought it home (September, 2014) from the dealer, brand new for $42,000 USD. 2014 Dodge Challenger SRT8 with a 470 HP 6.4L V-8 and 6 speed manual transmission.
You cannot fail if you never give up.
  • #791,279
  • Nov 19, 2023 4:22pm Nov 19, 2023 4:22pm
Quoting 7154Superman
{quote} The car in my photo is not photoshopped. It's an actual photo I took of a car at my house the day I brought it home from the dealer, brand new for $42,000 USD. 2014 Dodge Challenger SRT8 with a 470 HP 6.4L V-8 and 6 speed manual transmission.
looks awsome!
  • #791,280
  • Nov 19, 2023 4:26pm Nov 19, 2023 4:26pm
Quoting mkvy
{quote} looks awsome!
Maybe you can see it better here.
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You cannot fail if you never give up.
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