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Cable Update (GBPUSD)

  • #800,361
  • Jan 3, 2024 10:43am Jan 3, 2024 10:43am
Quoting aa4fx
{quote} are always closing the trades by the end of the day? And if, supposing one is in a loss at the midnight, you: -take the loss to have everything closed? -keep the trade for the 2nd day? -close the trade before midnight and reopen it again after? (That is a trick on those prop acc to have tue daily balance reset and fully available on the next day) and if that trade that may be loosing or, why not, gaining, how you fill the spreadsheet in this situation? Balance base or equity base? - we all know the diff between those indicators. ah, the...
The values, % profit, are based on Initial balance of that day.

End of day equity appears as next day balance.
Intraday only.
  • #800,362
  • Jan 3, 2024 10:49am Jan 3, 2024 10:49am
Quoting MrFanciful
Hope you all have good lives. Might see you around.
Hi fanciful.
I usually do not commentate on traders and their performance, but seeing your posts I feel compelled to be of some kind of assistance. You have caught my attention and I hope you will not do anything stupid. I must however give my opinion on my observations.
You are trading high leverage in comparrison with your equity. Facts - You should not trade more than .01 lots for every 300 to 500 dollars invested.
Trading is not a quick rich scheme and never has been.
Do not compare yourself with traders here as all are at various levels of development in their trading careers.
You need to feel good when you open a trade and not become anxious and look for answers on the internet.
You need to feel that you can go into drawdown. I can guarantee you that very few traders get it right on their first attempt, You can work your risk tolerance from there within your comfort zone.
These are live changing decisions in my Forex career and probably the most important for you.
I bode you well.
Cheers.
Trade to trade another day
  • #800,363
  • Jan 3, 2024 10:51am Jan 3, 2024 10:51am
Quoting donfriday
above 1.27 may attract sellers in the 1st Quarter of 2024 at the moment i am looking for a buy on drops {image}

I am yet to open trade in 2024


discipline will give you consistency not the numbers of trade you make daily.

focused on the big money
MY OPINION NOT FINANCIAL ADVISE
  • #800,364
  • Jan 3, 2024 10:57am Jan 3, 2024 10:57am
GBPNZD LONG..
What is your occupation ?
I am in the business of hunting stops...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd.png Size: 12 KB
My telegram: https://t.me/avidforex
  • #800,365
  • Jan 3, 2024 11:05am Jan 3, 2024 11:05am
Quoting BigNumbers
GBPNZD LONG.. What is your occupation ? I am in the business of hunting stops... {image}
that’s interesting to watch from aside as I am tight on taking risks atm… also, I would have sell it, the now 0276, just bcs I come from a different domain.
how much up would that hunt be?
  • #800,366
  • Jan 3, 2024 11:05am Jan 3, 2024 11:05am
Quoting donfriday
{quote} I am yet to open trade in 2024 discipline will give you consistency not the numbers of trade you make daily. focused on the big money
Don, isn't this your setup at 1.2750?
Attached Image (click to enlarge)
Click to Enlarge Name: GU 01.03 4H.png Size: 72 KB
Always trade your own plan...I don't provide trading signals.
  • #800,367
  • Jan 3, 2024 11:14am Jan 3, 2024 11:14am
Quoting RCtrader
Go my wonderful bears and bring me the pips!
Today's price movement was rather awkward, eurusd's and audusd's price action was way better.
Risk Management is of utmost importance!
  • #800,368
  • Jan 3, 2024 11:14am Jan 3, 2024 11:14am
gj made up for gu
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.22.png Size: 21 KB
Personal Journal...https://www.forexfactory.com/thread/1260265-the-journal
  • #800,369
  • Jan 3, 2024 11:15am Jan 3, 2024 11:15am
Quoting Coreg2004
{quote} Don, isn't this your setup at 1.2750? {image}

you seems to know my setup Coreg, welcome back let make the pips again this year..

you are right its my setup

1.2750 to 1.25 is my setup meaning i start my week in a view of quarter point to quarter point
1 this week have not take stops above the old highs december 2023
2 Today is day 3 1.25 is likely to fail that failure of price going to next Quarter point should reverse price back to the starting quarter point which is 1.2750.
MY OPINION NOT FINANCIAL ADVISE
  • #800,370
  • Jan 3, 2024 11:17am Jan 3, 2024 11:17am
Quoting Coreg2004
{quote} Don, isn't this your setup at 1.2750? {image}

i am looking for price to take the stops from above Q4 2023 high before reversal


next dip will be 1.25 to 1.2375
my setup is kinda similar to urs from to WRE bounce
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2024-01-03_08-11-04_f23b7.png Size: 22 KB
MY OPINION NOT FINANCIAL ADVISE
  • #800,371
  • Jan 3, 2024 11:28am Jan 3, 2024 11:28am
Quoting aa4fx
{quote} that’s interesting to watch from aside as I am tight on taking risks atm… also, I would have sell it, the now 0276, just bcs I come from a different domain. how much up would that hunt be?
The hunt is endless bro. All you need to learn is when it changes direction and time is a determinant.
Attached Image (click to enlarge)
Click to Enlarge Name: NZD1.PNG Size: 17 KB
My telegram: https://t.me/avidforex
  • #800,372
  • Jan 3, 2024 11:30am Jan 3, 2024 11:30am
I Just realised crypto market crashed quote heavy today
90% of traders use TA, indicators and prediction
  • #800,373
  • Jan 3, 2024 11:37am Jan 3, 2024 11:37am
Quoting BigNumbers
{quote} The hunt is endless bro. All you need to learn is when it changes direction and time is a determinant. {image}
can’t it be more simpler and less vague like, if it will go up 100p? / 200p? … then we could say it was a hunt and it it will not, … then, we call it retrace or other hunt? … or maybe a take profit hunting to eliminate those from the sight so that they don’t have the time to make the tp wider for more money profit….
  • #800,374
  • Jan 3, 2024 11:47am Jan 3, 2024 11:47am
Quoting Iansco
gj made up for gu {image}
yeah, gj reached 181.75 … I think I messed up with some numbers as I sold 100p below … but, if that was the only wrong part, it should drop from here and go way under my starting point.
  • #800,375
  • Jan 3, 2024 11:47am Jan 3, 2024 11:47am
Quoting _BBKing_
I Just realised crypto market crashed quote heavy today
BTCUSD looks like a Wyckoff on H4
More time in the market, does not mean you trade better!
  • #800,376
  • Jan 3, 2024 11:50am Jan 3, 2024 11:50am
Quoting MrFanciful
Hope you all have good lives. Might see you around.
posted numerous times that you were overleveraged, then you posted that you was adamant that is was nothing to do with your leverage, please take this advice as others have said also "BIGGEST BANK smallest lots" you can still compound your profits just slowly...
  • #800,377
  • Jan 3, 2024 11:52am Jan 3, 2024 11:52am
Seems unlikely we will see 127 today 12650 not cracking
Insane in the Brain..
  • #800,378
  • Jan 3, 2024 11:59am Jan 3, 2024 11:59am
...back @ desk updating supp/res charts, less to do @ start tomorrow. Pretty 'labored' day for the bulls re upside progress as the prev 1hr sw lo zone = prev supp = pot supp that extends down to y/day's lo holds twice on retests, sending price higher, but met with sellers each time resulting in 2 x false upside breaks of the Asian hi. This zone of course is partly coexistent with a prev 1hr/4hr sw hi zone = prev res = pot rbs, that I posted earlier today, (4hr chart,) and is replicated below. Only 53% of 30day adr traveled so far today. Could see a bullish inside bar on dly close today?

1hr then 4hr below
Attached Image(s) (click to enlarge)
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Trader with an Edge.
  • #800,379
  • Jan 3, 2024 12:00pm Jan 3, 2024 12:00pm
Quoting BeeTogether
Seems unlikely we will see 127 today 12650 not cracking
as any good movie, it should take longer than the usual ones
  • #800,380
  • Jan 3, 2024 12:02pm Jan 3, 2024 12:02pm
Quoting donfriday
{quote} i am looking for price to take the stops from above Q4 2023 high before reversal next dip will be 1.25 to 1.2375 my setup is kinda similar to urs from to WRE bounce {image}
Don, a different trading method but the outlook is similar. The AB=CD pattern implies a new high, but GU has 2 zones where up move can be stopped.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 01.03 4Hb.png Size: 72 KB
Always trade your own plan...I don't provide trading signals.
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