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Cable Update (GBPUSD)

  • #793,421
  • Nov 28, 2023 11:40am Nov 28, 2023 11:40am
Quoting ScarBack
{quote} Same...my Gold short is being smoked...why is USD being dumped? Doesn't Bowman's speech suggest more hikes?
...again don't know, could be a million and one different reasons....
  • #793,422
  • Nov 28, 2023 11:41am Nov 28, 2023 11:41am
Quoting Waveskierrob
{quote} ...again don't know, could be a million and one different reasons....
The reason is a simple one:Investors dump dollar in bet that US rates have peaked (ft.com)
This is one investment in a bucket of thousands!
  • #793,423
  • Nov 28, 2023 11:41am Nov 28, 2023 11:41am
Quoting fxmasterdxb
{quote} If i would guess a number where GU could slightly pull back for 50 pips or so, that would be around 1.2740
Yes could do...
  • #793,424
  • Nov 28, 2023 11:44am Nov 28, 2023 11:44am
Quoting JourneyLife
{quote} I said nothing of that matter. However, the so-called "smart money" in forex does not need our, tiny and retail, liquidity to move prices the other way as is taught by most price action traders.
You really misunderstood what I meant then. Not sure why you are so quick trying to correct but nvm, forget it.

Edit: In case you didn't understand. When I said big money, I meant institutional traders. Absolutely not retail traders or whatever it is you think I was referring to.
  • #793,425
  • Nov 28, 2023 11:44am Nov 28, 2023 11:44am
Cable swing that started at 1.2037 will resume at 1.3825
POSTMASTER
  • #793,426
  • Nov 28, 2023 11:44am Nov 28, 2023 11:44am
Quoting JourneyLife
{quote} Take the loss.
Why? you don't know how I trade, how big my bank is, what my lot sizes are, if I'm hedging with something else ...
  • #793,427
  • Nov 28, 2023 11:45am Nov 28, 2023 11:45am
You can say this trade failed
This strategy is so good because you can exit when price broke the bottom of the box with a little profit or wait to be stopped out with a tiny loss of 4 pips after gaining a few dozen along the trading day

I'm still alive baby
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yes yes yes
  • #793,428
  • Nov 28, 2023 11:47am Nov 28, 2023 11:47am
[quote=JourneyLife;14670552]
Quoting woody70
{quote} Because humans like to brag about their wins and hide their losses to keep up with appearances. Just like all the youtubers out there in the world that are furus (fake gurus). Not one of them shows a real statement from their tax authority; and if they do show any statement at all, then, it is manipulated in a way to make it seem like they are winning when they are just faking.
Exactly, I've been a member for a very long time and I don't really comment at all. I'm retired so now I have more time to do things so I will be around I guess.
  • #793,429
  • Nov 28, 2023 11:51am Nov 28, 2023 11:51am
For 37 pips
Let's short this mf
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yes yes yes
  • #793,430
  • Nov 28, 2023 11:56am Nov 28, 2023 11:56am
Quoting Waveskierrob
{quote} Why? you don't know how I trade, how big my bank is, what my lot sizes are, if I'm hedging with something else ...
LOL. He tells people how to handle their trades. What's happening around, when to take profit and losses. He is a new member with so much authority. Respect
  • #793,431
  • Nov 28, 2023 11:56am Nov 28, 2023 11:56am
Quoting Moty
For 37 pips Let's short this mf {image}
let’s do it!
Insane in the Brain..
  • #793,432
  • Nov 28, 2023 11:58am Nov 28, 2023 11:58am
Well done Well-endowed Bull!!:
Quoting mtako
Cheers dear GBP mates, your old pal quickly dropping by!! All my shared longs finally well in the green, so now it is sit back and relax time for me until 2024. And therefore, although it is early, I already feel like wishing to all, for 2024, the biggest dreams you wished for in 2023!! ...Really big November bulls (+-500pips body as of now) are hard at work to cancel September completely(+450pips body), and they only need another 20pips! ouch! Poor October, only 30pips body stuck under...
Mr.Price right smack in the middle of last 7years, but just another 1000some pips and you'll have not only made a new 2-years high!, but also cancelled the 3333pips drop that happened since

Good luck Mr.Bull, and don't you ever forget that you're not alone in this, I'll always be right there behind you!
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #793,433
  • Nov 28, 2023 11:58am Nov 28, 2023 11:58am
Quoting Waveskierrob
{quote} Why? you don't know how I trade, how big my bank is, what my lot sizes are, if I'm hedging with something else ...
But you really can't blame him. Remember, you said if it goes higher you would have to sell a kidney. He probably prefers you taking your loss than selling your precious kidney.
  • #793,434
  • Nov 28, 2023 12:01pm Nov 28, 2023 12:01pm
Quoting Jackoboms
{quote} But you really can't blame him. Remember, you said if it goes higher you would have to sell a kidney. He probably prefers you taking your loss than selling your precious kidney.
Hell no! Sell the Kidney and use the money to buy several prop firm challenges.
  • #793,435
  • Nov 28, 2023 12:02pm Nov 28, 2023 12:02pm
Quoting BeeTogether
{quote} let’s do it!
Are you going short? Think is the right time to go short?
  • #793,436
  • Nov 28, 2023 12:03pm Nov 28, 2023 12:03pm
Quoting woody70
{quote} Hell no! Sell the Kidney and use the money to buy several prop firm challenges.
LoL, that's a smart one.
  • #793,437
  • Nov 28, 2023 12:04pm Nov 28, 2023 12:04pm
Quoting Jackoboms
{quote} Are you going short? Think is the right time to go short?
I been short since 12485 lol
Insane in the Brain..
  • #793,438
  • Nov 28, 2023 12:08pm Nov 28, 2023 12:08pm
Quoting kelvinftg
{quote} You really misunderstood what I meant then. Not sure why you are so quick trying to correct but nvm, forget it. Edit: In case you didn't understand. When I said big money, I meant institutional traders. Absolutely not retail traders or whatever it is you think I was referring to.
You said, "Are you trying to say that institutional traders do not use TA?". I was replying to that question. They do use technical analysis.
This is one investment in a bucket of thousands!
  • #793,439
  • Nov 28, 2023 12:10pm Nov 28, 2023 12:10pm
Quoting BeeTogether
{quote} I been short since 12485 lol
Wow. With proper risk management, you wont worry. Kudos
  • #793,440
  • Nov 28, 2023 12:14pm Nov 28, 2023 12:14pm
Price got back below significant ress (1.26800 ) and adr high
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yes yes yes
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