Cable Update (GBPUSD)

Quoting dantpm

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{quote} The computers that control trading 'see': -all of the open orders (price and quantity), -all of the pending orders (stop losses, take profit and so on booked in the system) They have 3 jobs: -move price to open orders, -make a profit, -maintain the relationship between currency pairs What we 'see' is how these computers that control trading move price. That is all there is to it. The trading computers have a huge advantage over you and I!

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Quoting Pat Chiko

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Thank You This might be my final post regarding trade setups, as I've grown weary of trading and am considering pursuing a different career. I wish to explore something beyond the realm of trading; perhaps I'll delve into a non-contact sport. Given my age, I believe there's still time for me to engage in sports before advancing in years. If I don't attempt this now, I may never discover a more fulfilling profession than trading. Thank you for your support, and feel free to point out any flaws in my decision-making. P/S Even I dont see good quality...

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Quoting Pat Chiko

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{quote} Caddie ?{image}

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Quoting eyefeelsix

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{quote} {quote} I'm still interested in that zone to short re-entry --- keep watching for reaction {image}

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Quoting Pat Chiko

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{quote} Hello Waveskie, Thank you for your kind words. The primary reason I am inclined to step away from trading is my desire to pursue a professional career as a Golf Instructor. I won't be aiming for the Pro tour, as my focus will be occupied with coaching these young girls/ aspiring players. A handful of girls junior golf enthusiasts have expressed interest in joining me, as I do not impose any charges for instructional fees; it's entirely complimentary. I find a greater sense of fulfillment being out on the golf course, engaging in training...

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Quoting eyefeelsix

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{quote} dumb mon$y in play lol {image}

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Quoting Pat Chiko

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{quote} GU Update scalping position. The simplest form of a trading setup on a chart; no need for further explanation.{image}

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Quoting satheesh

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For me GU is in no trade zone now. Will enter once it reaches the trading zone {image}

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Quoting Pat Chiko

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{quote} GU This setup could potentially lead to a CPLQ formation, with the price making a final push to absorb liquidity. Keep an eye on the price action when it retests the key zones that could act as liquidity pools for market makers to accumulate further. Pay close attention to the 62% Fibonacci retracement level, the two Order Blocks, and the RSF zone. {image} {image}

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