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Cable Update (GBPUSD)

  • #799,501
  • Dec 28, 2023 3:44am Dec 28, 2023 3:44am
USDCHF is going down fast.
  • #799,502
  • Dec 28, 2023 3:48am Dec 28, 2023 3:48am
Quoting footprint
{quote} think it will be a straightforward sell day. expecting ADR to hit for the bears by NY session with that said i just closed 80% of my position from 1.2815 area.
reloaded my sell. same target. 50ish pip
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  • #799,503
  • Dec 28, 2023 3:49am Dec 28, 2023 3:49am
down again from here mid bands m30
  • #799,504
  • Dec 28, 2023 3:51am Dec 28, 2023 3:51am
Quoting 7154Superman
{quote} I think the most profitable way to trade is using your head independently every day (play by ear). Let the super computer between your ears play its magic and improvise on every turn to ensure you gain ground in the end of every cycle. You can't share that in the moment. Because once it's thought of, and acted upon, it's gone forever, never to be repeated again.
But my system is mechanical, it follows a set of fixed rules designed by me without exceptions, so it is not "play by ear".
Does your opinion change after hearing this?
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 50.4%
  • #799,505
  • Dec 28, 2023 3:54am Dec 28, 2023 3:54am
Quoting voeltoez
down again from here mid bands m30
life and death depend on Bollinger band
  • #799,506
  • Dec 28, 2023 3:55am Dec 28, 2023 3:55am
Quoting Eren10
USDCHF is going down fast.
With such speed is hard to brake ...
  • #799,507
  • Dec 28, 2023 3:59am Dec 28, 2023 3:59am
The pound yen is almost at the W bottom, will it stop?
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  • #799,508
  • Dec 28, 2023 4:00am Dec 28, 2023 4:00am
Quoting Whale
{quote} life and death depend on Bollinger band
yes, 10 years work with it.
  • #799,509
  • Dec 28, 2023 4:00am Dec 28, 2023 4:00am
for 25 pips
18 pips already caught
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yes yes yes
  • #799,510
  • Dec 28, 2023 4:01am Dec 28, 2023 4:01am
Short confirmed. A close above the red zone invalidate the trade. Note the first Sellside is pretty close @ 1.27887

The second Sellside is pretty far away @1.26907 of course our tp2
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My telegram: https://t.me/avidforex
  • #799,511
  • Dec 28, 2023 4:05am Dec 28, 2023 4:05am
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!! Radha Radha !!
  • #799,512
  • Dec 28, 2023 4:27am Dec 28, 2023 4:27am
Quoting Eren10
USDCHF is going down fast.

Pound being sold off against the Swissy as well

Don't trade it but 1.0650 could be a good buy zone as weekly RSI almost in oversold territory
and daily RSI is in oversold territory
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Don't Leave Money on the Table
  • #799,513
  • Dec 28, 2023 4:32am Dec 28, 2023 4:32am
Quoting Iansco
{quote} on a tangent - just curious, is it possible that there is a bot out there doing this right now? . or if someone has such a system out there that can be coded to work 24hrs. wouldnt that just be amazing. imagine all that money
NO, there is no bot than operate innovatively like a human brain can. They can only operate by a fixed system. Forex price action is designed to make all fixed systems fail and lose money. Some fixed systems might make a small profit if managed with small leverage and position sizing. But that makes for only small gains over time. And only if it's tweaked expertly to a T by an experienced programmer/trader.
You cannot fail if you never give up.
  • #799,514
  • Dec 28, 2023 4:32am Dec 28, 2023 4:32am
Quoting aa4fx
{quote} With such speed is hard to brake ...
Maybe with good USD data will reverse a lot as it is in oversold region. Now support 0.8340.
  • #799,515
  • Dec 28, 2023 4:37am Dec 28, 2023 4:37am
bull gang buy mission aborted waiting next support reaction!!
Keep the Lights on then you can catch the rise from the dark.
  • #799,516
  • Dec 28, 2023 4:39am Dec 28, 2023 4:39am
Quoting MrFanciful
{quote} That's true. It's also not my money while it's in my brokerage account. The brokers needs to have enough money to pay. Even when you withdraw and the money goes into your bank account, it's still not your money. Any money sat there is legally the banks, you are just an unsecured creditor. If you can't hold it, it's not yours which is why I'm a fan of physical gold. I remember listening to a podcast and he was talking about the EUR/CHF floor removal. Even if you had managed to catch that whole massive drop, you wouldn’t have seen a penny...
I know of people who went to prison over that EUR/CHF drop because they were borrowing money to cover their losses, then couldn't pay it back, which bankrupted them. They had a whole big operation going on with lots of investors involved and were dishonest with the funds, using it to buy personal property instead of investing it.
Anyway, money isn't yours until you spend it. Like for something you can use in real life like food, equipment, or a vehicle or a house, etc. Even gold in itself has no value. You cannot eat it or do anything productive with it except maybe mold it into some type of utensils or other equipment, which isn't usually worth more than it's weight in iron or its functionality. The only store of value gold has is its resale value. Same with cash.
You cannot fail if you never give up.
  • #799,517
  • Dec 28, 2023 4:43am Dec 28, 2023 4:43am
Quoting footprint
{quote} reloaded my sell. same target. 50ish pip {image} {image}
TPd early. Enough today
i think we'll drop more but its now 10:44, might not do much until NY now.
focus goes to NQ for the afternoon. Looking at sells above london high.
  • #799,518
  • Dec 28, 2023 4:48am Dec 28, 2023 4:48am
Quoting Reverso
{quote} But my system is mechanical, it follows a set of fixed rules designed by me without exceptions, so it is not "play by ear". Does your opinion change after hearing this?
No, I am aware of such mechanical systems, which most times yield very little gains. Unless it's a genius system. But if your head is screwed on right and not flippy when big money is involved, then you can gain so much more by trading on the fly...
You cannot fail if you never give up.
  • #799,519
  • Dec 28, 2023 4:51am Dec 28, 2023 4:51am
Is it a good time to short the pound/dollar?
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  • #799,520
  • Dec 28, 2023 5:06am Dec 28, 2023 5:06am
We intend on popping our heads back above 2800 in a bit, and then shoot for the stars with 2900-30 in mind
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