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Cable Update (GBPUSD)

  • #796,261
  • Edited 5:37am Dec 11, 2023 5:23am | Edited 5:37am
You shell not pass the 200 ema band
yes yes yes
  • #796,262
  • Dec 11, 2023 5:31am Dec 11, 2023 5:31am
Bullish morning not sure if NYO will change the PA however it could be a day of correction post NFP
Insane in the Brain..
  • #796,263
  • Dec 11, 2023 5:44am Dec 11, 2023 5:44am
Quoting BeeTogether
Bullish morning not sure if NYO will change the PA however it could be a day of correction post NFP
Numbers of the nfp will affect the market in a few days
  • #796,264
  • Dec 11, 2023 5:49am Dec 11, 2023 5:49am
Forex trading has really changed and it keeps evolving.... It crawls 80% of the times these days and frustrate the hell of out of position and swing traders, while the remaining 20% of the times it explodes in a one way traffic.

It's become harder now to profit due to the nature of these movements as it tests one's patience resolve and yet defies both technical and fundamental logic sometimes. Classic example... Good NFP, Hourly Wage and Unemployment rate still not good enough for selling follow through.

I have to adjust that for the past two years I have been struggling to come to terms with these slow motion and sudden explosion movements. Scalping was so rewarding in lower time frames in the past as lots of up and down movement usually occured then but now Swing can also let you wait in vain.

Maybe I'm one of the few seeing this aspect of forex market change or it's just my psychology that is being messed up.

Whichever way, adaptability is key for survival in all aspects of life as the only thing that's constant in life is change.
Data + Stat + Risk/Emotions Management
  • #796,265
  • Dec 11, 2023 5:51am Dec 11, 2023 5:51am
Cable refusing to come down even dxy slowly moving up.. time to cut my shorts… cant get better signals than this
Extreme gut feeling trader
  • #796,266
  • Dec 11, 2023 5:54am Dec 11, 2023 5:54am
Quoting montygoldy
Cable refusing to come down even dxy slowly moving up.. time to cut my shorts… cant get better signals than this
Its trying but keeps losing the push
  • #796,267
  • Dec 11, 2023 5:56am Dec 11, 2023 5:56am
Quoting Moty
You shell not pass the 200 ema band
That would be nice
  • #796,268
  • Dec 11, 2023 5:58am Dec 11, 2023 5:58am
Quoting MarcoJnr
{quote} Its trying but keeps losing the push
seems like bull day why fight the trend …
Extreme gut feeling trader
  • #796,269
  • Dec 11, 2023 6:00am Dec 11, 2023 6:00am
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yes yes yes
  • #796,270
  • Dec 11, 2023 6:01am Dec 11, 2023 6:01am
Quoting montygoldy
Cable refusing to come down even dxy slowly moving up.. time to cut my shorts… cant get better signals than this
closed all shorts now on sidelines…
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Extreme gut feeling trader
  • #796,271
  • Dec 11, 2023 6:01am Dec 11, 2023 6:01am
Quoting montygoldy
{quote} seems like bull day why fight the trend …
Of course, thought it might range but the bulls have it
  • #796,272
  • Dec 11, 2023 6:08am Dec 11, 2023 6:08am
Quoting Georginson
{quote} Exited 1.2575... +58 pips
It still has more room to go, am thinking till today ADR
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #796,273
  • Dec 11, 2023 6:12am Dec 11, 2023 6:12am
Gold, critical area.
if not hold 1933 and 1900

up resistance 2055
  • #796,274
  • Dec 11, 2023 6:19am Dec 11, 2023 6:19am
Quoting Georginson
Forex trading has really changed and it keeps evolving.... It crawls 80% of the times these days and frustrate the hell of out of position and swing traders, while the remaining 20% of the times it explodes in a one way traffic. It's become harder now to profit due to the nature of these movements as it tests one's patience resolve and yet defies both technical and fundamental logic sometimes. Classic example... Good NFP, Hourly Wage and Unemployment rate still not good enough for selling follow through. I have to adjust that for the past two years...
Love your comments George!
  • #796,275
  • Dec 11, 2023 6:27am Dec 11, 2023 6:27am
Quoting Whale
Gold, critical area. if not hold 1933 and 1900 up resistance 2055
long 1995
Based on 5m possible ltf premium level on higher timeframe discounts
  • #796,276
  • Dec 11, 2023 6:37am Dec 11, 2023 6:37am
I was once again traded my feeling and not the strategy
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yes yes yes
  • #796,277
  • Dec 11, 2023 6:41am Dec 11, 2023 6:41am
Down to 1.256? what we thinking, or back up lol
  • #796,278
  • Dec 11, 2023 6:45am Dec 11, 2023 6:45am
Quoting Georginson
Forex trading has really changed and it keeps evolving.... It crawls 80% of the times these days and frustrate the hell of out of position and swing traders, while the remaining 20% of the times it explodes in a one way traffic. It's become harder now to profit due to the nature of these movements as it tests one's patience resolve and yet defies both technical and fundamental logic sometimes. Classic example... Good NFP, Hourly Wage and Unemployment rate still not good enough for selling follow through. I have to adjust that for the past two years...
i have also noticed that precise approaches or systems work worse than before.

i think that more and more algorithms change and influence what happens.

for example, i only test forwards and no longer backwards.

everything must be more robust than before.

but everyone has different experiences i guess.
trading is like dancing, don't think and just listen to the music!
  • #796,279
  • Dec 11, 2023 6:49am Dec 11, 2023 6:49am
All winners
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yes yes yes
  • #796,280
  • Dec 11, 2023 6:50am Dec 11, 2023 6:50am
GU collapses in short SL
Is it currently on the rise?
Revenge has been returned with GJ long

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