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Cable Update (GBPUSD)

  • #800,581
  • Jan 4, 2024 12:19pm Jan 4, 2024 12:19pm
Quoting Wavegarrick
{quote} Anyway folks, Gu seems to be setting up for intraday buy trades and a possible try for the highs. Here's the caveat. 1.2750 is an important quarterly level. I was hoping for a yearly close, close to 1.3000 but it is evident that it won't happen. A close near 1.27500 could see a 500 pip drop in the 1st quarter to around 1.2250. Next week will be very slow, so I will look to clear out some trades. Don't want to be caught on the wrong side of it. Have a happy and prosperous new year. Cheers. {image}
The year is young. Lots of scalper pips to be made. I believe that the trendline and horizontal line breakouts are important to start this year and the first quarter. No trades yet for long term trading.
Take care.
Cheers.
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Trade to trade another day
  • #800,582
  • Jan 4, 2024 12:25pm Jan 4, 2024 12:25pm
Quoting Vincent1
What do you think about?? {image}
If H4 closed with bearish. Maybe happened as a prediction.
Look right, we'll see the signs
  • #800,583
  • Jan 4, 2024 1:04pm Jan 4, 2024 1:04pm
if todays daily candle closes red i wont wait for the usual suspects ill start shorting now cause keyser soze called and said short this shit

2664 is the short signal for me
short trump and go long the deepstate
  • #800,584
  • Edited 2:15pm Jan 4, 2024 1:18pm | Edited 2:15pm
Quoting 7154Superman
{quote} So, now I have 6 Demo accounts open with varying levels of success towards the goal of +100%. The best to worst results so far are as follows: +62.34%, +43.57%, +25.88%, +25.73%, +1.09%, -13.45%. Yes, this was accomplished with EUR/USD during the holiday season. It is absolutely possible to be profitable during low volume/unpredictably volatile times. I now closed all but one of my EUR/USD shorts and opened a long position because price bounced off the 1 hour 200 SMA line at 1.1018. Right now I'm hedged equally on 2 accounts for scalping...
Yay!!! I made my first +100% ROI finally!!!
Time to level up to a $100 funded account.

I had to open a 7th Demo account with an EUR/USD long at 1.09 to average down the deep drawdown of my EUR/USD long positions. Closed all longs at 1.0967 today with good profit. I had a bunch of TPs set there at 1.0967 where the +100% gain was expected to be achieved, and was sleeping when the bulls rallied this morning during the London session. So my phone goes off with a bunch of TP alerts, wakes me up, and so I closed all the rest of my long EUR/USD positions manually, and went back to sleep. Woke up again in the middle of the New York session, and found out it was a lucky sniper TP, since the price went down and stayed down immediately afterwards.
Had to go to work then and didn't have time to trade today until now.
Best to worst results are now as follows: +100.6%, +63.0%, +32.8%, +24.2%, +21.6%, -9.5%, -26.8%.
Overall result for everything combined is now +29.4% ROI.
The end of the last round 2 days ago with 6 Demo accounts was approximately +23.5% combined, so now we're up about +5.9% since then.
I started with the first $100k demo account on November 26, 2023, less than 6 weeks ago.
Now, with seven $100k demo accounts running, (Total $700k) with a total profit of $205.8k (+29.4% ROI), it's looking good for only 6 weeks of trading, especially considering the fact that 5 of the accounts were added only 7 trading days ago or less. (The +100% gain was made in 6 trading days.)
This leveling up system looks like it will actually work with my risky 50:1 maximum leverage trading style.
Because I start opening positions with my smallest account, then if it gets into under-margined drawdown, I keep adding positions from the next larger demo or funded account, repeat, etc., all the way up, in that order. So, that the largest account always ends up taking the cake with the least risk of loss when the win comes. All I need is just 1 account leveling up to the moon to get rich from in the end. Most likely, I will end up with 2 or 3 accounts leveling up and competing with each other. The others are ok with minimal gains or even getting blown, because they will be either demo or small funded accounts. This will be fun to watch the progress. I will keep updating my trade explorer along the way. Check it out.

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You cannot fail if you never give up.
  • #800,585
  • Jan 4, 2024 1:37pm Jan 4, 2024 1:37pm
Tomorrow it will drop hard
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yes yes yes
  • #800,586
  • Jan 4, 2024 1:41pm Jan 4, 2024 1:41pm
GU, H1
what the trend lines look like
short to 1.2660-50 then up...but will see
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Trendlines H1,H4, SMC
  • #800,587
  • Jan 4, 2024 2:10pm Jan 4, 2024 2:10pm
Quoting Wavegarrick
{quote} The year is young. Lots of scalper pips to be made. I believe that the trendline and horizontal line breakouts are important to start this year and the first quarter. No trades yet for long term trading. Take care. Cheers. {image}
Nice TE Wave
Compulsions can be hard to resist
  • #800,588
  • Jan 4, 2024 2:52pm Jan 4, 2024 2:52pm
Quoting Waveskierrob
{quote} Last one for today SHORT DJIA @ 37590 no tp no sl
Close @ 37450 +140 nice ones more to follow...
  • #800,589
  • Jan 4, 2024 3:07pm Jan 4, 2024 3:07pm
Quoting montygoldy
{quote} playing with fire..:: me personally long term i see bullish…. After looking at monthly candle feels like low of the month is done time to FLY FLY only.... Will be looking to buy at each retracement....
I also do.
and looking at how price behaves, also many others do.

At this moment I don’t see any particular sell pressure. If was strong pressure, we would be now around 1.26 but we are not.
tomoorow us employment data could give some more insights hopefully.
I hope not to see a deadly daily candle up down and closing near open after taking everything out.

but as always, market will do what hurts most.
90% of traders use TA, indicators and prediction
  • #800,590
  • Jan 4, 2024 3:45pm Jan 4, 2024 3:45pm
Looks like USD has further to rise for the retest.
GU looks to have a classic Diamond reversal pattern at resistance, with more down to come
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Compulsions can be hard to resist
  • #800,591
  • Jan 4, 2024 4:22pm Jan 4, 2024 4:22pm
Quoting aa4fx
{quote} I was asking myself why I am not selling it? And just did, 2624.
yeah, too curious ...
Quoting aa4fx
{quote} sold also 2631 {image}
..., and persistent
Quoting aa4fx
Sorry, I will not say it loud gu 2506, to 2586 will be sufficient to end this movie.
those tv series start to take over ...
  • #800,592
  • Jan 4, 2024 4:44pm Jan 4, 2024 4:44pm
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Fools Rushing
  • #800,593
  • Jan 4, 2024 4:46pm Jan 4, 2024 4:46pm
Quoting Pat Chiko
NASDAQ Long set up {image}
Didn't move much today.
Still holding a few buys
  • #800,594
  • Jan 4, 2024 4:51pm Jan 4, 2024 4:51pm
Sold GU last night tp12650, all day didn't move lower. What is happening?
General election postponed the second half of the year. Labour not happy, people would like major party changed.
  • #800,595
  • Jan 4, 2024 4:55pm Jan 4, 2024 4:55pm
Quoting aa4fx
{quote} yeah, too curious ... {quote} ..., and persistent {quote} those tv series start to take over ...
Drama series
  • #800,596
  • Jan 4, 2024 4:57pm Jan 4, 2024 4:57pm
Sorry, this time of day it's my solo session here, love it or hate it
  • #800,597
  • Jan 4, 2024 4:57pm Jan 4, 2024 4:57pm
Quoting Jolita
Sold GU last night tp12650, all day didn't move lower. What is happening? General election postponed the second half of the year. Labour not happy, people would like major party changed.
I think the UK data today helped the pound gain. An election in the H2 allows the government more time in power. Markets wary of Labour wielding the tax axe on their income.
Insane in the Brain..
  • #800,598
  • Jan 4, 2024 5:04pm Jan 4, 2024 5:04pm
Quoting BeeTogether
{quote} I think the UK data today helped the pound gain. An election in the H2 allows the government more time in power. Markets wary of Labour wielding the tax axe on their income.
Game playing also, early election would be a shocker, Starmer is curious at Richi's prolonging his time to power.
  • #800,599
  • Jan 4, 2024 5:08pm Jan 4, 2024 5:08pm
Quoting BeeTogether
{quote} I think the UK data today helped the pound gain. An election in the H2 allows the government more time in power. Markets wary of Labour wielding the tax axe on their income.
Not sufficient food to survive on the peace of land it currently hangs ... not much in the horizon for a week.
  • #800,600
  • Jan 4, 2024 5:16pm Jan 4, 2024 5:16pm
Quoting Jolita
Sold GU last night tp12650, all day didn't move lower. What is happening? General election postponed the second half of the year. Labour not happy, people would like major party changed.
The US has a choice between a crooked Democrat and a crooked Republican candidate for president. Inflation caused by increasing the money supply is hurting the economy and the government is trying to distract the public with wars in Ukraine, the middle east and on the horizon China....
Isn't the world a wonderful place!

The UK is simply basking in the shadow of the US as is Europe. Companies moving to the US for lower energy costs are hurting all of the EU.
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