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Cable Update (GBPUSD)

  • #795,741
  • Dec 7, 2023 10:32am Dec 7, 2023 10:32am
How low … when to take my extra profits for today I wonder
  • #795,742
  • Dec 7, 2023 10:32am Dec 7, 2023 10:32am
Quoting Moty
Can loss only 20 $ Can win 60 $ {image} {image}
Won 56
It's allready 59.6 then 52 so didn't took chance
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yes yes yes
  • #795,743
  • Dec 7, 2023 10:40am Dec 7, 2023 10:40am
Golden scalpings today.
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  • #795,744
  • Edited 12:43pm Dec 7, 2023 11:03am | Edited 12:43pm
The weekly low @1.2591 should be closely watched by bears now...Edited.
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Always trade your own plan...I don't provide trading signals.
  • #795,745
  • Dec 7, 2023 11:26am Dec 7, 2023 11:26am
for tomorrow i thinking for buy and next week should be in buy
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Work Hard In Silence, Let Your Success Be Your Noise.
  • #795,746
  • Dec 7, 2023 11:27am Dec 7, 2023 11:27am
Golldi again got support from 2020
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yes yes yes
  • #795,747
  • Dec 7, 2023 11:35am Dec 7, 2023 11:35am
daily dollar still boolish

this futures 4H candle close above 103.59 in 90 min will give me a dollar buy signal

ill be back later..beautiful day in chiraq
short trump and go long the deepstate
  • #795,748
  • Dec 7, 2023 11:53am Dec 7, 2023 11:53am
Hello Guys,
i hope all is well.
NFP is hear tomorrow, be careful it has that weird Effect on market sometimes, its a double edge knife,
no matter if you are on buy or sell sometimes it eats you alive just thinking and wishing i should have stayed away from NFP specially when laos this month we Dec meeting, no clue what will happen,
i think i am fine taking the day off,
just made hell of money from YEN it took us almost 3 months to get there but finally it did,
honestly i am happy to take even a week away from market,
but as well know its addictive,
so one day is fine see you all on Monday,
wish you all the best.
Don't compare your Trades with Others
  • #795,749
  • Dec 7, 2023 12:18pm Dec 7, 2023 12:18pm
brushing the dust of the keyboard, hello all, been a while
  • #795,750
  • Dec 7, 2023 12:47pm Dec 7, 2023 12:47pm
Quoting 7154Superman
{quote} So, after some busy taxi driving last week, I finally had the chance to open 2 demo accounts (one for longs and one for shorts) and start trading this week. The goal is to double them from $100k to $200k. Once achieved, then I will start trading live again, starting with $100, then adding more funds after I double to $200, etc. I played around with all the currency pairs available on Oanda.com with small leverage just to feel out the market, then attempted a few max leverage trades. I lost some at first, like -2%, then made it all back,...
So, last night, I played around some with EUR/JPY and NZD/CAD with max leverage during Asian session.
Demo #1 = -9.2, -0.9 pips. Total -10.1 pips EUR/JPY
Demo #2 = +2.5, -1.2 pips. Total +1.3 pips EUR/JPY
and +0.6 pips NZD/CAD

I also closed all the small leverage trades I had going on all the currency pairs in order to keep things simple to trade from now on.

Today, during NY session, I tried a few max leverage trades on EUR/USD.
#1 Demo account starting balance = $102,448.
2 trades = +9.0, -1.8 pips. Total +7.2 pips (+3.3% ROI)
Ending Balance = $105,834

#2 Demo account starting balance = $105,053.
1 trade = -1.4 pips (-0.69% ROI)
Ending Balance = $104,328

I didn't have enough energy to keep trying today.
So far, so good. Roughly 5% done, 95% to go until double. All is well that ends well. See you tomorrow.
You cannot fail if you never give up.
  • #795,751
  • Dec 7, 2023 12:58pm Dec 7, 2023 12:58pm
Quoting MarcoJnr
{quote} let’s hope it gets there
it did
  • #795,752
  • Dec 7, 2023 1:14pm Dec 7, 2023 1:14pm
Quoting Wavegarrick
{quote} Thanks Moty, I usually count 6 waves and after that the lull to surf launch my boat into the waves. I try hard to understand waves and I guess Papilon will give us all a good lesson in wave counting. He sat day in and day out throwing coconuts into the water and eventually found a way to escape the island Cheers Mate.
It's way simpler to look at a slightly larger TF for a 3- or 5-bar swing to show that this larger TF ""wave" (swing) is complete. Now that you have the start and end extremes for the wave, drop to a smaller TF and find which one you can fit a "proper" EW pattern to. Why try to guess if the pattern has completed on that smaller TF when you can simply look at the larger TF and SEE that it has ended, showing you that the smaller TF MUST have some kind of completed pattern that you can try to figure out.
To free Gazans of Hamas, use whatever it takes.
  • #795,753
  • Dec 7, 2023 1:49pm Dec 7, 2023 1:49pm
And don't forget to hold your talisman as you do it.
Congratulations ScalaFX for coming out of the closet!
  • #795,754
  • Dec 7, 2023 1:52pm Dec 7, 2023 1:52pm
Quoting navk
{quote} My wife did this challenge. 15k account. Started on 23 rd november as you see. Finished yesterday, 4th december. Phase 1. Patience is the key to success. Have a target in mind, for example 1 % profit or 3 % loss in a day. Woman usually have best patience {image} {image}
Good news for me too, all good
Profit factor 5, win rate 93.10%, traded Nasdaq, BTC and Oil.
Good one, minimum 5 days to complete and can be done over weekend as crypto can be traded.
Waiting for switch over.
Thanks for recommendation.
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  • #795,755
  • Dec 7, 2023 2:15pm Dec 7, 2023 2:15pm
short only today..
i started with 2590...
hope can make much pips before nfp..
  • #795,756
  • Dec 7, 2023 2:22pm Dec 7, 2023 2:22pm
Quoting Pat Chiko
{quote} GU No lick Stopped Out Try agian{image}
NFP day

The Last NFP of the Year: A Critical Trading Opportunity
As the final Non-Farm Payroll (NFP) report of the year approaches, we must seize this crucial trading opportunity.
Regardless of the report's outcome, price action must favor liquidity, leading to upward momentum.

Anticipating Market Dynamics Pre-NFP
I anticipate price appreciating tomorrow to enhance liquidity before the Friday NFP release.
A significantly weak report could trigger an aggressive market response, potentially escalating recent trends and sparking discussions of a potential Fed rate cut in January or a 50-basis-point reduction in March.

Analyzing Market Precursors
Observing today's price action in GU, XAU, and Nasdaq, it's evident that traders adopted a "seek and destroy" strategy ahead of NFP.
Yesterday session highs and lows were reached, with the market effectively held in a tight range. (for GOLD, NASDAQ & GU)

Market Outlook: Potential for Strong Moves
Today presents a unique opportunity for significant market movements.
Will we see a pre-Christmas rally fueled by optimism, or will the NFP data trigger a sharp correction?

Trading NFP: A Strategic Choice
Trading NFP is not for the faint of heart. It requires either a well-defined trading strategy or a significant risk appetite.

Outlook for GU in chart.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #795,757
  • Dec 7, 2023 2:31pm Dec 7, 2023 2:31pm
Quoting Pat Chiko
{quote} With DOW, S&P500,and NASDAQ are falling, and GU is about to join the gang. While German DAX Becomes the first Index in the G7 to make a NEW All Time high. And GOLD may have broken the trendline, the next target could be 2038-2040. Already moved up 100 pipis today.. There are a lot of pending sell orders being installed GBP/USD prolongs its agony to breaks above 1.2600 with up coming not so good news for US ADP data
Indices all time high are perfect for sell opportunities I just added Germany 40 to my watchlist. Nice one.
Gold looks bearish to me for now and higher in Feb, so gap closure still in o radar.
GBP has leadership issues, January home owners will roll into higher mortgage rates. Lots of housekeeping to do, so I sill stand for stronger dollar.this year.
2023 y/h / y/l meets the middle at circa 1.1730. Would be amazing for me if we get lower.

Great profits to you Pat!
  • #795,758
  • Dec 7, 2023 2:49pm Dec 7, 2023 2:49pm
Before this week ends we will see 266 and i will load my long
Ret
  • #795,759
  • Dec 7, 2023 2:59pm Dec 7, 2023 2:59pm
Quoting pipfarm
Lets put a spanner in the works for the shorters H4 is moving up against D1 which is moving down so correction in phase, D1 moving down with W1 RISKY to Short atm

Well the spanner was truly put in the works, price failed to make a new low , H4 was above D1 , logic dictates that there was going to be a bigger correction to the upside but not necessarily a trading opportunity, hard luck shorts.
Follow The Markets Structure - Patience and Discipline
  • #795,760
  • Dec 7, 2023 3:06pm Dec 7, 2023 3:06pm
today was such a beautiful day...its december and was in 50"s...tmoro supposed to be even nicer and warmer so again i wont be here for most of the day


i see everyone makin predictions so mine is

NFP will be inline or hier so GU will drop towards 2400 after the obligatory kneejerk reasction hier first...ill stay around for that... short... than go out in the sunshine


i didnt get a GU daily buy signal so this green daily candle was to sucker bools in
short trump and go long the deepstate
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