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cable short for gbpusd? 10 replies

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Cable Update (GBPUSD)

Quoting Pat Chiko
GU Next set up thought process. Not financial advice! I mostly made bad calls. Any constructive comment welcome{image}
I think your charts are excellent and I enjoy looking at them. No bad calls, all just a game of making higher probability choices based on one's own judgement and studies.

Swing-trading is more stressful than day-trading and scalping I think because of focus on HTFs. Patience is so important as targets take far longer to reach and trades may stay underwater or risk BE after days of opened trades which means swaps are incurred regardless.

Good thing is that the sharks and whales look at the same charts instead of 5M, 15M, 1H which is how the big moves happen.
Quoting Pat Chiko
GU Next set up thought process. Not financial advice! I mostly made bad calls. Any constructive comment welcome{image}
GU

Quick revision based on Price action.
As it is strong momentum bull, we may find the next pull back going to be shallow.
This is part of Bearish Squeeze taking out any short position

We revise as price move along towards LO.
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I come from the future.
Quoting voeltoez
closed all minus short, losing 50% cpi profit. brand new fresh meta. sold 2650 will add @2700 {image}
closed all 60 pips
my short zone will start at 1.2670 and my long zone at 1.2623
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trading is like dancing, don't think and just listen to the music!
From experience what is best??.. Trade a single pattern across multiple pairs or multiple pattern on a single pair. Every pattern has almost equal winning rate.
If GBP/USD doesn't break the 1.2650 level in the next couple of hours, I am thinking about going short here. Possible entry around 1.2640-1.2650 with target at 1.2510. I have not figured out the SL yet. Although, I rarely use Stop Losses.

Note: Please note this is not any trading advice, just my personal opinion.
Small lot sizes, big wins
checking pa , it took the first available support to next bounce target 2651 tested .daily bounce target 2645 exactly not hit yet but over 61.8 fibs played , next price below 2628 and hold then likely correct below 2561 before last try bounce up or fail confirm!

overall bounce tries intact again and again . even price below 2375 or 2186 as there may a second chance get the daily target and highs even !
again market should strain seriously in recent days as oil testing 67 or better 65 levels . the are just pullback and last lest up level , may bounce vigorously or tan tame artificially with every pressure on it to even 38 dollars( long time waiting for ) a barrel but again it must shoot up like never before ! so some war or something disaster may going to happen year end or new year ! the limit the play be better for me .
take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
Quoting beejay
From experience what is best??.. Trade a single pattern across multiple pairs or multiple pattern on a single pair. Every pattern has almost equal winning rate.
better 10 lot at 1 pair or 1 lot x 10 pair ?
i will choose 10 lot 1 pair.
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All the money gone !!!
1700 $ turned into 30 $
Before the fmoc i took short on gold 20$ per point
Euro 30$ per pip
Gu 50$ per pip during

I told to myself how much can it be worse, so gold will spike 20 pts , it's only 400 $ loss but the mf bulls runed more then 50
Eu climbed over 100 pips
And gu more then 60 pips
I have been in a fcom scenarios, but this is the aggressive one in the last few , and it's always against me, unbelievable
short again 2640 tp 2620
Quoting voeltoez
{quote} better 10 lot at 1 pair or 1 lot x 10 pair ? i will choose 10 lot 1 pair.
Thanks for your reply.. But I don't mean lot.. I mean trading patterns.. Trading the same patterns on multiple pairs or multiple patterns on a single pair.. Which one will limit mistakes, trade miss and balanced trading
Perfect entry
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Quoting Moty
All the money gone !!! 1700 $ turned into 30 $ Before the fmoc i took short on gold 20$ per point Euro 30$ per pip Gu 50$ per pip during I told to myself how much can it be worse, so gold will spike 20 pts , it's only 400 $ loss but the mf bulls runed more then 50 Eu climbed over 100 pips And gu more then 60 pips I have been in a fcom scenarios, but this is the aggressive one in the last few , and it's always against me, unbelievable
i'm amazing with the profit you got moty, may i know how much money you deposit to get till $1700 balance?
i believe you can get it back.
Quoting beejay
{quote} Thanks for your reply.. But I don't mean lot.. I mean trading patterns.. Trading the same patterns on multiple pairs or multiple patterns on a single pair.. Which one will limit mistakes, trade miss and balanced trading
if i were you, i will focus on one pair..because if it anytime getting worse, just one pair i have to look.
but whatever you do, just enjoy and happy for it. just remember dont be greedy.
Quoting voeltoez
short again 2640 tp 2620
updated chart
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Quoting moondoggie
{quote} I also at times feel uncomfortable moving against the grain on this forum since everyone is looking at opportunities to short GU in the short-term. But looking at D1, all indicators on Ichimoku Kinko Hyo seem to foreshadow continued bullish energy into 2024. Coupled with the dovish Fed earlier today, I do see the possibility of sustained upward movement growing, especially if price stays above 1.2577xx. For your trading style, how do you define "medium-term"? {image}
Hi Moondoggie,
By my own definition I define a medium term trade as a trade signal that I get on the 4 timeframe and can last from a week to a month. It depends how quick price turns and I get signals in the opposite direction.
Cheers.
Trade to trade another day
closed all..let me breath...still need $1500 to get my money back
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Quoting Yngwie
Sold 1.2640
time to relax. closed 20p. Price can go up until 1.2685
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
Quoting Georginson
Sold GU 1.2638, Target 1.2612... stop 1.2660.
Exited at 1.2621... +17 pips.
Rejections spur me for greatness!!!
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