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Cable Update (GBPUSD)

  • #803,681
  • Jan 18, 2024 9:35am Jan 18, 2024 9:35am
Quoting 7154Superman
{quote} I tried the long/short gamble again with the high impact news from AUD/USD about 4 hours ago. Unfortunately, this time was not successful. The price spiked down so fast, that it dragged my order down more than 10 pips below the intended position, then immediately retraced back up. I had to take a 12 pip loss. This was a live account. However, I still had some profit leftover on that account from what I made earlier today. I traded 4 of my live accounts today with good profits. Also, 2 of my demo accounts are at the cusp of reaching...
#1 and #4 Demo accounts have reached +100%.
Now I have 7 live accounts and 1 demo.
Live started with $100. Demo with $100k.
Current Net Equity results from best to worst:

#1 Live +36.50%
#3 Live +14.16%
#5 Live +13.29%
#4 Live +4.64%
#6 Live +0.00%
#7 Live +0.00%
#2 Live -22.01%

#8 Demo -10.60%

Still progressing for the most part.
You cannot fail if you never give up.
  • #803,682
  • Jan 18, 2024 9:36am Jan 18, 2024 9:36am
still at zero trade today..

in 4 days only had 2 trades

1tp 1 BE

Discipline is a key



i need 1:3 setup
MY OPINION NOT FINANCIAL ADVISE
  • #803,683
  • Jan 18, 2024 9:38am Jan 18, 2024 9:38am
Quoting Pat Chiko
{quote} GU Weekly jobless claims Stopped out This market movement appears solely aimed at capturing liquidity offered by buyer, likely orchestrated by the market maker in anticipation of the US Unemployment Claims data release. This suggests that more people are finding jobs or staying in their current ones, which is great news for the economy and USD. Note: It's important to remember that this is just a preliminary number, and it may be revised later. But it's still a positive sign overall. These price swings act as strategically placed inductions,...
Unemployment claims is a fictitious number that has nothing to do with the economy or the workforce.
It measures the change in the number of people who qualify for unemployment benefits. The number who qualify for benefits doesn't include everyone that wants a job or can't find a job. Anyone who was recently self employed for example doesn't qualify. Anyone out of work for too long doesn't qualify. Anyone working for cash doesn't qualify. There are a lot of other exemptions as well.
  • #803,684
  • Jan 18, 2024 9:42am Jan 18, 2024 9:42am
Quoting donfriday
still at zero trade today.. in 4 days only had 2 trades 1tp 1 BE Discipline is a key i need 1:3 setup
Or you can do it the way I do. Results have been consistently much better than expected.
You cannot fail if you never give up.
  • #803,685
  • Jan 18, 2024 9:43am Jan 18, 2024 9:43am
here is the 1hr structure


its a perfect bullish setup..


this PA is very stricky..
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD Mini_20240118_15.42.png Size: 16 KB
MY OPINION NOT FINANCIAL ADVISE
  • #803,686
  • Jan 18, 2024 9:45am Jan 18, 2024 9:45am
Gu Long added
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 6 KB
My telegram: https://t.me/avidforex
  • #803,687
  • Jan 18, 2024 9:46am Jan 18, 2024 9:46am
Quoting Coreg2004
{quote} BBKing, intraday trading is all about the TF you choose to follow and your daily objective. You can swing during the day on a small time frame like a broken door. Back and forth...The weekly objective to the downside was reached yesterday. Now GU makes complex correction to the last move down ((I)-(V)) {image}


I trade based on main sup/res levels in higher timeframes.
so atm I have sup 1.26 resistance 1.28
in between, I catch entries with faster timeframes (mostly 1-3 minutes) long when near support, and short when near resistance.

I was hoping to see price coming back down near 1.2650 to catch an entry long to target upper resistance so 1.27 area at least
atm, everything is perfectly in line with the plan.

what I sadly cannot know is where price will stop.
there are many areas where can reverse back down.

2680/2690
2710/2720
2740/2750
90% of traders use TA, indicators and prediction
  • #803,688
  • Jan 18, 2024 9:48am Jan 18, 2024 9:48am
Quoting 7154Superman
{quote} Or you can do it the way I do. Results have been consistently much better than expected.


tnx ..
MY OPINION NOT FINANCIAL ADVISE
  • #803,689
  • Jan 18, 2024 9:49am Jan 18, 2024 9:49am
Quoting voeltoez
closed all 1.2665 ,,, my wife code me.to bed.
now 2685..im glad wife call me before hitting crazy short
  • #803,690
  • Jan 18, 2024 9:55am Jan 18, 2024 9:55am
Quoting voeltoez
{quote} now 2685..im glad wife call me before hitting crazy short
Still holding the upper one Prices still inside h4 equilibrium.
Look right, we'll see the signs
  • #803,691
  • Jan 18, 2024 9:56am Jan 18, 2024 9:56am
i dont like this candle at all.
  • #803,692
  • Jan 18, 2024 9:57am Jan 18, 2024 9:57am
This have to give the tp 1.26432
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2024-01-18-17-52-20-521_net.metaquotes.metatrader4.jpg Size: 637 KB
yes yes yes
  • #803,693
  • Jan 18, 2024 9:59am Jan 18, 2024 9:59am
i dont want to influence anyones trading just want to point out one thing i keep pointing out all the time LOL

normally i would feel foolish pointing this out to a room full of such great traders but since this post is for beginners and not for the oldtimers cause theyre like old dogs you cant teach them new tricks so i dont feel foolish LOL

so here goes...look at the daily dollar chart with all the positive usd news this week and ask yourself ....am i feeling lucky punk goin long GU than look at daily GU chart and see what a shitty bag of crap that is...and who do you think is more powerful GBP or USD

thats all ill say about this....we'll see where price is at the end of today and friday

im not posting charts cause all you beginners can look at them for yourselves

Inserted Video


think of that gun as the bad ass mudderfuccer usa dollar
short trump and go long the deepstate
  • #803,694
  • Jan 18, 2024 10:00am Jan 18, 2024 10:00am
Still, stay focused on GBPUSD and GOLD. H4 needs gas. IMO
Look right, we'll see the signs
  • #803,695
  • Jan 18, 2024 10:00am Jan 18, 2024 10:00am
We are buying! don't get carried away with the candle movement.
My telegram: https://t.me/avidforex
  • #803,696
  • Jan 18, 2024 10:04am Jan 18, 2024 10:04am
Quoting BigNumbers
We are buying! don't get carried away with the candle movement.

no resistance formed
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 11 KB
My telegram: https://t.me/avidforex
  • #803,697
  • Jan 18, 2024 10:04am Jan 18, 2024 10:04am
Quoting Zebi
i dont want to influence anyones trading just want to point out one thing i keep pointing out all the time LOL normally i would feel foolish pointing this out to a room full of such great traders but since this post is for beginners and not for the oldtimers cause theyre like old dogs you cant teach them new tricks LOL so here goes...look at the daily dollar chart with all the positive usd news this week and ask yourself ....am i feeling lucky punk goin long GU than look at daily GU chart and see what a shitty bag of crap that is...and who...
I think you would make a much better case of dollar being stronger vs EUR rather than GBP.
EUR/USD just hit bottom again and GBP/USD did not...
You cannot fail if you never give up.
  • #803,698
  • Jan 18, 2024 10:08am Jan 18, 2024 10:08am
Quoting Whale
i dont like this candle at all.
me too..
we're stuck in 26xxx and 27xxx area
  • #803,699
  • Jan 18, 2024 10:08am Jan 18, 2024 10:08am
Quoting Whale
i dont like this candle at all.
no damage, bulls are valid.
  • #803,700
  • Jan 18, 2024 10:08am Jan 18, 2024 10:08am
Quoting BigNumbers
We are buying! don't get carried away with the candle movement.
Trust your discipline. Don't listen to what people say. Different ideas, it doesn't matter. Respect
Look right, we'll see the signs
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