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Cable Update (GBPUSD)

  • #792,381
  • Nov 23, 2023 3:14am Nov 23, 2023 3:14am
Quoting voeltoez
hold cable averaging short...will close before news.. {image}
partial close before news...lol..little bit scary..
could spike up or down 50pips
  • #792,382
  • Nov 23, 2023 3:17am Nov 23, 2023 3:17am
Quoting BeeTogether
{quote} yeah I suppose so , but that damn magnet is non stop. I sense if we do get a drop to below today’s open it won’t be a big one. It’s all how the markets feel the pound and euro are today. Markets didn’t react to the autumn budget yesterday so it could by status quo. Maybe see an attempt at 126 later on
i hear ya.
and i agree for the most part. There is indecision around your magnet.

But just looking at the current PA on smaller frames im looking for buy setups.

just now bought 2510 on M5
in wondering about yourself, you forgot what you came here to be part of
  • #792,383
  • Nov 23, 2023 3:18am Nov 23, 2023 3:18am
Quoting Pat Chiko
{quote} Hello traders, that was just a warm up trades............ I'm going for big fish( heeard that somewhere) , Anyway, here's my take. Put zip on your trouser. GU These are just test trades, serving as initial positions. I am focused on the bigger picture and the underlying structure of this setup. However, considering the deeper setup and probability, I am looking to enter a LONG position again after MM traps enough sellers to eliminate them on the next move. Therefore, it is crucial to remain vigilant as MM are driven by the goal of acquiring...
Will you show the bigger picture chart that you see?
  • #792,384
  • Nov 23, 2023 3:21am Nov 23, 2023 3:21am
...bulls trying again from deep into the prev 1hr minor sw lo zone = prev supp = pot supp/38.2% fib...5min bullish hidden div there @ p/back lo....may stay good above 2501. Scary 1hr candle close last time though re bulls? Uk data may affect things in a few mins?

1hr below
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Trader with an Edge.
  • #792,385
  • Nov 23, 2023 3:25am Nov 23, 2023 3:25am
Quoting martinez1
{quote} Yes, i agree with him, am seeing the same thing.


NOooooooo. please NO.

Don't copy my trades, I can close this Short at any moment coz I'm setting for LONG trades.

Let me clarify again................ I'm not giving signal, I sharing thought process....

It is evident that many traders are primarily seeking trade signals rather than delving into the underlying thought process that drives successful trades.
While trade signals can serve as a starting point, fostering a deeper understanding of market dynamics and developing a sound trading methodology are far more crucial for long-term success.

I encourage traders to engage with my thought process, to question my assumptions, and to develop their own trading methodologies. Last week I got blamed, for some idiot trying to follow "signal" which are meant to be thought process, ended up reporting me to FF admin. Those are IDIOT.

By understanding the factors I consider and the reasoning behind my actions, you can cultivate your own trading acumen and make informed decisions that align with your risk tolerance and trading style.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #792,386
  • Nov 23, 2023 3:25am Nov 23, 2023 3:25am
Quoting knkie
{quote} i hear ya. and i agree for the most part. There is indecision around your magnet. But just looking at the current PA on smaller frames im looking for buy setups. just now bought 2510 on M5

I can’t see a drop today below say 12470 (overshoot from opening) it may bounce up to a decent area after. My initial plan for the week was to buy the dips which for some reason I just didn’t execute both on Monday and yesterday. Let’s see if I can make some money this week by minimising losses , 126 looks a decent target
Insane in the Brain..
  • #792,387
  • Nov 23, 2023 3:26am Nov 23, 2023 3:26am
Quoting genadi
{quote} Will you show the bigger picture chart that you see?
M30 chart I just poste above, OB on M30
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #792,388
  • Nov 23, 2023 3:30am Nov 23, 2023 3:30am
That was vicious!
  • #792,389
  • Nov 23, 2023 3:32am Nov 23, 2023 3:32am
Boom
im glad i took the trade setup
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in wondering about yourself, you forgot what you came here to be part of
  • #792,390
  • Nov 23, 2023 3:33am Nov 23, 2023 3:33am
Quoting dantpm
That was vicious!
tell me about it! Bang up 60 odd pips and then down by 30 lol. Data was good for UK. Strange on dialyfx it’s a yellow sticker event not red
Insane in the Brain..
  • #792,391
  • Nov 23, 2023 3:34am Nov 23, 2023 3:34am
Quoting dantpm
That was viscious!
Looks like someone had the news just 10 seconds before release... spike came 10-7 seconds before news... investigation will start on that. May be we will never now but that was inside trade, 99% sure.

Looks like UK finally get on track again. Startpoint for shorting EUR/GBP finally. Adds fuel to GBP/USD going up more, I think downtrend weekly is now obsolete. Flash PMI not first time surprise, looks stable.
  • #792,392
  • Nov 23, 2023 3:35am Nov 23, 2023 3:35am
Quoting knkie
Boom im glad i took the trade setup {image}
unless there is an evident pullback im letting this trade ride
in wondering about yourself, you forgot what you came here to be part of
  • #792,393
  • Nov 23, 2023 3:35am Nov 23, 2023 3:35am
Quoting BeeTogether
{quote} tell me about it! Bang up 60 odd pips and then down by 30 lol. Data was good for UK. Strange on dialyfx it’s a yellow sticker event not red

I fall in the camp that believes that the market controls price as they see fit. It has nothing to do with news. It is about manipulation of prices and orders will eventually be placed that the market can use.
  • #792,394
  • Nov 23, 2023 3:36am Nov 23, 2023 3:36am
Quoting fxmasterdxb
{quote} so i have been bullish for last 10 hours or so but on the sideline, took my first long @ 1.2502 targeting 1.2585 {image}
closed my long, time to look for shorts
  • #792,395
  • Nov 23, 2023 3:37am Nov 23, 2023 3:37am
This is why we was advised to not trade before high impact news release. 60pips + in a seconds. Most sellers got stopped out surprisingly.
With courage, patience, and discipline, success is a matter of time.
  • #792,396
  • Nov 23, 2023 3:37am Nov 23, 2023 3:37am
Quoting dantpm
{quote} I fall in the camp that believes that the market controls price as they see fit. It has nothing to do with news. It is about manipulation of prices and orders will eventually be placed that the market can use.
then join the market club !
they have a wonderful newsletter and a gold credit card
in wondering about yourself, you forgot what you came here to be part of
  • #792,397
  • Nov 23, 2023 3:39am Nov 23, 2023 3:39am
Quoting dantpm
{quote} I fall in the camp that believes that the market controls price as they see fit. It has nothing to do with news. It is about manipulation of prices and orders will eventually be placed that the market can use.
it does feel like manipulation, looks like 126 is on for today
Insane in the Brain..
  • #792,398
  • Nov 23, 2023 3:39am Nov 23, 2023 3:39am
Random up and down through high impact news but target remain the same.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #792,399
  • Nov 23, 2023 3:43am Nov 23, 2023 3:43am
Quoting Pat Chiko
{quote} I can close this Short at any moment coz I'm setting for LONG trades. Let me clarify again................ I'm not giving signal, I sharing thought process.... {image}
GU

The trap was set way in advance.
Think before you follow my trades.

Here my thought process, again
Target ? maybe 1.263, but watch out MM can take this fellow down again.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #792,400
  • Nov 23, 2023 3:44am Nov 23, 2023 3:44am
Quoting Pat Chiko
{quote} GU The trap was set way in advance. Think before you follow my trades. Here my thought process, again Target ? maybe 1.263, but watch out MM can take this fellow down again.{image}
Hi. Good points in your last couple of posts Pat.
-----------------------------------------------------------

...price @ the immediate post data/current dly hi still in that prev dly sw lo zone (once disrespected) that started @ 2747, with one that starts @ 2577 (@/around Wkly R1) just above it. This one extends to circa 2584. 50% of main 3142-2038 down move just above @ 2589.

dly below
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