Cable Update (GBPUSD)

My hourly chart is bullish

there are in my opinion, 2 ways to be profitable in trading

1. You are able to determine where is a good low/high price to buy/sell the instrument, and let the market to prove you right/wrong. Call it “reversal trader” or “swing trader” or whatever.
2. You can understand when a price is going up/down and you are able to pick a trade within the move. Call it “trend trader” or “ scalper” or whatever.

in both cases, there are few key steps to be done otherwise you will waste your time (and even other people’s), your money and your account:
1. Truly learn and clearly understand what “risk management” and “money management “ means. Yes I mean TRULY!
2. Study and understanding how market moves, what a price is made of, why a price move the f up or down, what are the reasons behind a move, and where could end a move in correlation to the reason it started. This, will save time and brain from listening to fuckheads who still in 2024 are fighting a battle against an invisible big hand ready to take them out from a trade and all that hysteria correlated.

It looks simple, but believe me…. It is not! And this is why most people lose. They want to believe that trading is a get rich quick thing without need to study anything, nor be prepared in anything… just by watching indicators on a chart. Yes, sometimes it’s that simple. But most of the times it is not. If you have not passed the above steps, you will continuously find yourself selling the move up, and buying the move down.

that’s it.
hope this can save someone and help someone else

4 hour approaching 12750.
Support has build a visible floor.




200 pips range not to bad at all until we see the outbreak.Trade it.

in the beginning I liked this rangebound.
now lately I hate it. Makes me nervous. So I declared me out of it.
I indeed switched to oil and will keep away from cable until I see reasons.

It works like this

good luck buddy..im sellers too, just prepare for worse scenario.. i will always sell cable if making any new high today,

well, the BOJ will move the JPY.
Then, knowing what the outcome, what the market reaction, and so in the end knowing if and what is going to be the reaction in gbp (if any) .. it’s not possible. So careful and trade safe.

Trying a gold buy at 2022… tp 2024 or more … sl day low

Quoting T721
For any ICT people

close my 8 hours trade..not going to take BOJ volatility

what time boj starts

its tentative on FF calendar..but usually 4 hours from now the news result appear..
i will.start trade fx at LO

interested to play gold now

holding..

nice..im still hold my short too