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Cable Update (GBPUSD)

  • #800,401
  • Jan 3, 2024 2:26pm Jan 3, 2024 2:26pm
Today’s high done. 90 mins till CoB maybe see a spike in the morning not sure. 127 could be a big resistance area and it has been for a while. Strange though as it was a weak support area yesterday
Insane in the Brain..
  • #800,402
  • Jan 3, 2024 2:34pm Jan 3, 2024 2:34pm
Quoting BeeTogether
Today’s high done. 90 mins till CoB maybe see a spike in the morning not sure. 127 could be a big resistance area and it has been for a while. Strange though as it was a weak support area yesterday
I had to check out calendar for
CoB - also a small loaf of bread
  • #800,403
  • Jan 3, 2024 2:36pm Jan 3, 2024 2:36pm
Quoting BigNumbers
It takes someone with a brave heart to trade Gold, Just a slight negative movement, I’m seeing a big ass number! Whooa!
Hi BigNumbers,

Here's someone who Trades it everyday with success https://www.forexfactory.com/thread/...-sjmr2?page=28
  • #800,404
  • Jan 3, 2024 3:02pm Jan 3, 2024 3:02pm
GU, H1
my view
if we stay below 1.2680 = short
Attached Image (click to enlarge)
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Trendlines H1,H4, SMC
  • #800,405
  • Jan 3, 2024 3:13pm Jan 3, 2024 3:13pm
hello in New Year! Hope everyone is well, lets make some profits, first proposition is sell GU 2663 SL 2690 target below 2600
People don't plan to lose. They lose because they don't plan.
  • #800,406
  • Jan 3, 2024 3:39pm Jan 3, 2024 3:39pm
Quoting BigNumbers
It takes someone with a brave heart to trade Gold, Just a slight negative movement, I’m seeing a big ass number! Whooa!
Whale had a a huge number, he had guts to keep the short from somewhere 2070.
He traded biiiiig
  • #800,407
  • Jan 3, 2024 4:27pm Jan 3, 2024 4:27pm
Quoting BigNumbers
It takes someone with a brave heart to trade Gold, Just a slight negative movement, I’m seeing a big ass number! Whooa!
also oil I would say.
with smaller size 1$ x 1 cent, means in a move like today you get approx 400$ from hi to low.

I used to trade gold and silver in the past, mainly medium term range using a combination of study with option expiry contracts.
then I left.

Oil is definitely my favorite.
imjust like how it moves and behaves
90% of traders use TA, indicators and prediction
  • #800,408
  • Jan 3, 2024 4:45pm Jan 3, 2024 4:45pm
Quoting elude
{image} Bought 1.2638 SL 1.2608, 30 pips TP 1.2733
Moved:
- SL to 1.2644 = 6.0 pips (+);
- TP to 1.2700 = 62.0 pips
  • #800,409
  • Jan 3, 2024 5:38pm Jan 3, 2024 5:38pm
Incredibly risky set-up. Ready to reverse at earliest sign of danger
Attached Image (click to enlarge)
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Personal Journal...https://www.forexfactory.com/thread/1260265-the-journal
  • #800,410
  • Jan 3, 2024 6:13pm Jan 3, 2024 6:13pm
Quoting MrFanciful
{quote} Same as yesterday with GBP. I sold at the top but didn't think they were going to collapse and so closed at a "sensible" level and started taking buy signals, only for it to collapse even further and never stop. Almost £600 lost since yesterday and 3 accounts blown. Nothing helps, it's all bullshit and a scam. The only winners are the brokers, in the same way that the only rich people during the Gold Rush were the people selling the shovels.
This has got to be a troll account.
Congratulations ScalaFX for coming out of the closet!
  • #800,411
  • Jan 3, 2024 6:13pm Jan 3, 2024 6:13pm
Welcome Tokyo Open Kill Zones.

Today, I'm going to sell all XXX/JPY. If JPY , what happens to other pair biasedly to XXX/USD. Going ? Target for Thursday Reversal
Attached Image (click to enlarge)
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Look right, we'll see the signs
  • #800,412
  • Jan 3, 2024 6:24pm Jan 3, 2024 6:24pm
Quoting Jolita
{quote} Hopefully you had a good trading day, January so far is just giving, you take it or leave it. After a nice email my evaluation account was reinstated! : ) Sharing the meaning of martingale strategy - which I've breached before. Martingale is one of the prohibited strategies, we define it as opening a second position in the same direction (i.e., two buys or two sells) while the first position is in a drawdown, it will flag Martingale if the second position is opened with a lot size greater than the first position For instance, if you open...
There are ways to hide the use of martingale, .. dummy ones:
- just close all and open different lot size and have only one open trade always - yes, you pay the spread but not that important
- trade in batch of trades, instead of 1 lot at quote x, open 10 trades of 0.1 at similar quote, ... because that's the trader style
- martingale can be seen in different ways, like .. open 1 trade - 1 lot, lost 10 pips -> open another trade 2lot looking to BE close or ... but, you can open at 20 pip loss a 0.5 lot trade ... looking for a BE ...
Not going into math, but a trade recovery can be seen from various perspectives, a big entry size at short distance (pips) or low entry size and longer distance (pips) ... of course, different timings.
  • #800,413
  • Jan 3, 2024 6:49pm Jan 3, 2024 6:49pm
Quoting Fardeen1209
{quote} BTCUSD looks like a Wyckoff on H4
Sending home leveraged traders.
After making interesting profits with the use of leverage, especially on those high volatile instruments, 'an incident' happen and flush all out. What one that was out could say? damn, bad luck, ... but what I could have had? ... or had?, for so many days, sa many dreams ... yeah, more $ in.
  • #800,414
  • Jan 3, 2024 7:04pm Jan 3, 2024 7:04pm
Quoting aa4fx
{quote} There are ways to hide the use of martingale, .. dummy ones: - just close all and open different lot size and have only one open trade always - yes, you pay the spread but not that important - trade in batch of trades, instead of 1 lot at quote x, open 10 trades of 0.1 at similar quote, ... because that's the trader style - martingale can be seen in different ways, like .. open 1 trade - 1 lot, lost 10 pips -> open another trade 2lot looking to BE close or ... but, you can open at 20 pip loss a 0.5 lot trade ... looking for a BE ... Not...
"trade recovery"

"averaging down"

"martingale"

"if only my scam broker didn't take me out by that 1 pip I wouldn't have been margin called"

"oh no my account went to zero"
Congratulations ScalaFX for coming out of the closet!
  • #800,415
  • Jan 3, 2024 7:14pm Jan 3, 2024 7:14pm
Quoting nubcake
{quote} "trade recovery" "averaging down" "martingale" "if only my scam broker didn't take me out by that 1 pip I wouldn't have been margin called" "oh no my account went to zero"

you finally woke up from your new years bender and youre starting shit with people right away?
Attached Image (click to enlarge)
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short trump and go long the deepstate
  • #800,416
  • Jan 3, 2024 7:25pm Jan 3, 2024 7:25pm
Quoting nubcake
{quote} "trade recovery" "averaging down" "martingale" "if only my scam broker didn't take me out by that 1 pip I wouldn't have been margin called" "oh no my account went to zero"
Of course, all true as long as you're poor, account wise.
Even in a successful scenario, you start from a loosing position - difference between bid/ask ... I know, I know, what if the price is the same? ...
I don't have all the answers, but, successful traders may be just lucky ppl that maybe wasted their luck in an activity with a return under what a lottery could offer ... (gaining lottery could be a struggle too, maybe less rewarded too, ... many unknowns and that's making everything challenging).
  • #800,417
  • Jan 3, 2024 7:29pm Jan 3, 2024 7:29pm
Quoting aa4fx
{quote} There are ways to hide the use of martingale, .. dummy ones: - just close all and open different lot size and have only one open trade always - yes, you pay the spread but not that important - trade in batch of trades, instead of 1 lot at quote x, open 10 trades of 0.1 at similar quote, ... because that's the trader style - martingale can be seen in different ways, like .. open 1 trade - 1 lot, lost 10 pips -> open another trade 2lot looking to BE close or ... but, you can open at 20 pip loss a 0.5 lot trade ... looking for a BE ... Not...
Thanks for the info.

I always trade this way, only prefere fixed sizes, just didn't know the name martingale.

This account on MT5 has different margins, my opened trades where extremely high lots and on USDCHF, swaps cost me £8k.
I am back and good now, phew.
  • #800,418
  • Jan 3, 2024 7:39pm Jan 3, 2024 7:39pm
Quoting Jolita
{quote} Thanks for the info. I always trade this way, only prefere fixed sizes, just didn't know the name martingale. This account on MT5 has different margins, my opened trades where extremely high lots and on USDCHF, swaps cost me £8k. I am back and good now, phew.
Usually, 3-days swap happen on Wednesday.
Closing all before session end and reopen them after (better +1h later - better spread, watch out on that) could bring some benefits, risks too ... nothing is safely free.
  • #800,419
  • Jan 3, 2024 8:20pm Jan 3, 2024 8:20pm
Quoting Yngwie
{quote} Add 1.2625
closed this for 40p+
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #800,420
  • Jan 3, 2024 9:13pm Jan 3, 2024 9:13pm
UJ
Attached Image (click to enlarge)
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