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Cable Update (GBPUSD)

  • #792,921
  • Nov 27, 2023 2:07am Nov 27, 2023 2:07am
Looks like candle closed above 1.26125, while I was waiting for it to close below 1.25935 to enter a short.
Candle closed above my area which means this is a buying opportunity at the same time there is no volume so better wait instead of jumping in.
Secret to the Price Action is Liquidity.
  • #792,922
  • Nov 27, 2023 2:15am Nov 27, 2023 2:15am
Quoting Oylux
{quote} you may want to tone down on negative thoughts . The mind is very powerful. You attract what you think. Focus on learning how to overturn these things you so fear . Happy new week.
  • #792,923
  • Nov 27, 2023 2:17am Nov 27, 2023 2:17am
The biggest error in forex trading is trying to predict where the price is going based on the charts

does not matter how many lines you draw, the price will make its own decision
  • #792,924
  • Nov 27, 2023 2:20am Nov 27, 2023 2:20am
Quoting MrFanciful
{quote} Hard not to be. The market basically forces me to pick up the soap every day.
no not the markets, your money management is horribile;-)

you will have to go a loooooong way through pain
trading is like dancing, don't think and just listen to the music!
  • #792,925
  • Nov 27, 2023 2:25am Nov 27, 2023 2:25am
2012 short gold
  • #792,926
  • Nov 27, 2023 2:26am Nov 27, 2023 2:26am
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Quoting Oylux
{quote} you may want to tone down on negative thoughts . The mind is very powerful. You attract what you think. Focus on learning how to overturn these things you so fear . Happy new week.
  • #792,927
  • Nov 27, 2023 2:27am Nov 27, 2023 2:27am
I cant find something in the market ATM.
short EU is the best option foe swing to below 1.07

GU waiting for development
  • #792,928
  • Nov 27, 2023 2:27am Nov 27, 2023 2:27am
checking pa , to play towards 2641 waiting . may ext 4 down 2606 restart bull!
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #792,929
  • Nov 27, 2023 2:30am Nov 27, 2023 2:30am
Quoting Houtbay
2012 short gold
Im in too, big underwater from last positions, I dont used SL but I think price will reverse to 1950, GU too still underwater 2520,30,40,50 added 2600 short, patience
People don't plan to lose. They lose because they don't plan.
  • #792,930
  • Nov 27, 2023 2:35am Nov 27, 2023 2:35am
Quoting birdland
{quote} no not the markets, your money management is horribile;-) you will have to go a loooooong way through pain
£20,000 of pain not enough? The problem is not my money management, its not over leveraging. I'm in the wrong direction all the time. It doesn't matter how good my money management is if I'm in the wrong direction. Remember "follow the trend"? Well, there is also "don't chase price" but they are exactly the same thing. The longer a trend goes on for, the closer it gets to the end. It's not like the longer it goes on for, the stronger it gets because it that was the case, by definition, the market would only go in one direction, and the rate would increase exponentially.

When I "follow the trend", the trend ends and it goes sideways, or reverses. When I trade S&R, it breaks through it. I know, I know...I should "wait for confirmation". But what is that exactly? How am I meant to determine what I'm seeing is "confirmation" and not just a pull back? What is the criteria precisely? Is it like the what that guy said about pornography? "I can't give a definition but I know it when I see it"? If that's the case then it's purely subjective, which by definition means there aren't objective rules.
  • #792,931
  • Nov 27, 2023 2:35am Nov 27, 2023 2:35am
Quoting ScalaFX
{quote} Im in too, big underwater from last positions, I dont used SL but I think price will reverse to 1950, GU too still underwater 2520,30,40,50 added 2600 short, patience
I agree about 1950-->1908
but will not trade it atm.
  • #792,932
  • Nov 27, 2023 2:36am Nov 27, 2023 2:36am
CADCHF long
CADJPY long

gu will continue buying like I said last week.
note: CADCHF look like is going to drop but my analysis say long. So I’ll stick with my analysis.
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My telegram: https://t.me/avidforex
  • #792,933
  • Nov 27, 2023 2:40am Nov 27, 2023 2:40am
Quoting T721
USD/CHF UPDATE ---- just for any daftcunt following thisdaftcunt ---- Should start moving north next week a minimum120pips {image}
usd/chf quick update --- all positions underwater and added more today, would still like lower to add more
  • #792,934
  • Nov 27, 2023 2:41am Nov 27, 2023 2:41am
GBPUSD focus on M15
GBPJPY focus on H1
Gold still rising took long @ 2010
in wondering about yourself, you forgot what you came here to be part of
  • #792,935
  • Nov 27, 2023 2:42am Nov 27, 2023 2:42am
Quoting MrFanciful
{quote} £20,000 of pain not enough? The problem is not my money management, its not over leveraging. I'm in the wrong direction all the time. It doesn't matter how good my money management is if I'm in the wrong direction. Remember "follow the trend"? Well, there is also "don't chase price" but they are exactly the same thing. The longer a trend goes on for, the closer it gets to the end. It's not like the longer it goes on for, the stronger it gets because it that was the case, by definition, the market would only go in one direction, and the rate...
Did you not practice liquidity we went over... look 4it at extremes - makes life a whole lot easier imo
  • #792,936
  • Nov 27, 2023 2:44am Nov 27, 2023 2:44am
Quoting ScalaFX
{quote} Im in too, big underwater from last positions, I dont used SL but I think price will reverse to 1950, GU too still underwater 2520,30,40,50 added 2600 short, patience
no earliest signal for gold short yet , so likely continue up above 2007.03. target can be 2018 previous high to 22 /32areas . take care
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #792,937
  • Nov 27, 2023 2:44am Nov 27, 2023 2:44am
Quoting MrFanciful
{quote} £20,000 of pain not enough? The problem is not my money management, its not over leveraging. I'm in the wrong direction all the time. It doesn't matter how good my money management is if I'm in the wrong direction. Remember "follow the trend"? Well, there is also "don't chase price" but they are exactly the same thing. The longer a trend goes on for, the closer it gets to the end. It's not like the longer it goes on for, the stronger it gets because it that was the case, by definition, the market would only go in one direction, and the rate...
Start scaling into longs on usd/chf --- small positions and if it goes lower look for areas to add then hold for 100-125pips north maybe more. Dont complicate shit just keep it simple asfuck
  • #792,938
  • Nov 27, 2023 2:54am Nov 27, 2023 2:54am
ON your marks, get set... Sell.......................
  • #792,939
  • Nov 27, 2023 2:55am Nov 27, 2023 2:55am
Quoting T721
{quote} Start scaling into longs on usd/chf --- small positions and if it goes lower look for areas to add then hold for 100-125pips north maybe more. Dont complicate shit just keep it simple asfuck
First part of this trade is to ask yourself -----

if i get in now with lets say a small £10 long position and it drops 30pips can i hold that trade comfortably and still have no worries adding

If the answer is no then the £10 needs to be reduced to £5 then ask yourself the same question
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  • #792,940
  • Nov 27, 2023 2:57am Nov 27, 2023 2:57am
Quoting ScalaFX
{quote} Im in too, big underwater from last positions, I dont used SL but I think price will reverse to 1950, GU too still underwater 2520,30,40,50 added 2600 short, patience
There is a high possibilty that we will revisit $2032-$2050 daily supply on Gold before reversing.
I'm monitoring it closely, waiting for scalping setup
More time in the market, does not mean you trade better!
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