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Cable Update (GBPUSD)

  • #804,701
  • Jan 24, 2024 3:16am Jan 24, 2024 3:16am
Quoting MrFanciful
There goes my 140% profit from yesterday
I think it will drop … the move looks similar to yesterday
Insane in the Brain..
  • #804,702
  • Jan 24, 2024 3:16am Jan 24, 2024 3:16am
Quoting voeltoez
sold 2709 sl 2725 tp open will add 2690
exit -10
  • #804,703
  • Jan 24, 2024 3:16am Jan 24, 2024 3:16am
Quoting OutThere
This pair has been stuck in a predictable range since mid Dec. Looks like it is heading to 1.28 again. Any short prediction is probably short term. {image}
Hi. @ what point did you predict that the range would continue to this point,? and did you get the size of the range correct too (approx) re it's actual 2828-2610?
-----------------------------------------------------------------
Maroon = a prev 15min sw lo zone = prev supp = pot supp

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 31 KB
Trader with an Edge.
  • #804,704
  • Jan 24, 2024 3:18am Jan 24, 2024 3:18am
Quoting montygoldy
Waiting for gold to go beyond 2030… on daily timeframe nice low tail has formed and its about to turn green …its time to go create new highs….
Just took some sells on Gold @2032.87 & 2032.74 .... gonna hold to 2020 / 2015 maybe a bit risky taking it here but ya gotta be in it to win it
  • #804,705
  • Jan 24, 2024 3:20am Jan 24, 2024 3:20am
I think both GBP data will be red, sending price tumbling down.
  • #804,706
  • Jan 24, 2024 3:20am Jan 24, 2024 3:20am
Quoting eyefeelsix
{quote} target buy reached for +6R atm my pending short has been taken for -15p risk ( bit wide to avoid volatility LO ) {image}

stop-out 3 layers broken, scary news ahead

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 21 KB
https://breakpullback.com
  • #804,707
  • Jan 24, 2024 3:21am Jan 24, 2024 3:21am
Quoting BeeTogether
{quote} I think it will drop … the move looks similar to yesterday
DXY daily looks like it's wanting to come down to me.

Had a look at what happens to the DXY when the yield curve dis-inverts. Typically, is goes sideways and then falls. My guess is that when a recession hits, people by treasuries. This time, no one wants to hold US debt though so who knows.
  • #804,708
  • Jan 24, 2024 3:21am Jan 24, 2024 3:21am
Quoting MrFanciful
There goes my 140% profit from yesterday
How is this even possible if not that you got overconfident and then overleveraged?
  • #804,709
  • Jan 24, 2024 3:22am Jan 24, 2024 3:22am
Quoting Headland
{quote} Hi. @ what point did you predict that the range would continue to this point,? and did you get the size of the range correct too (approx) re it's actual 2828-2610? ----------------------------------------------------------------- 1hr below {image}
Wasn't going for pinpoint accuracy since the range is H4.
Eceryone's opinion of direction or length of any move is just pure guess since at any moment anything can knock off the routine.
You welcome to throw in your accurate opinion but like all, opinions, it won't matter.
  • #804,710
  • Jan 24, 2024 3:23am Jan 24, 2024 3:23am
Quoting T721
{quote} Just took some sells on Gold @2032.87 & 2032.74 .... gonna hold to 2020 / 2015 maybe a bit risky taking it here but ya gotta be in it to win it
Alasdair MacLeod thinks gold could drop to the 12 month MA at around 1950
  • #804,711
  • Jan 24, 2024 3:24am Jan 24, 2024 3:24am
Quoting Mitiblotch
{quote} How is this even possible if not that you got overconfident and then overleveraged?
Same cycle rinse and repeat
  • #804,712
  • Jan 24, 2024 3:25am Jan 24, 2024 3:25am
Quoting Luxyus
for buyers TF H4 critical price @1.2729
and here we are if hourly close above say welcome on 50ies.
chaos is just unknown order
  • #804,713
  • Jan 24, 2024 3:26am Jan 24, 2024 3:26am
Quoting OperaniyiFx
Long GU 1.2690 TP 40pips SL open
TP smashed
  • #804,714
  • Jan 24, 2024 3:27am Jan 24, 2024 3:27am
Quoting MrFanciful
{quote} Alasdair MacLeod thinks gold could drop to the 12 month MA at around 1950
Who is Alisdair Macleod, i have never heard of him tbh
  • #804,715
  • Jan 24, 2024 3:27am Jan 24, 2024 3:27am
Quoting T721
{quote} Just took some sells on Gold @2032.87 & 2032.74 .... gonna hold to 2020 / 2015 maybe a bit risky taking it here but ya gotta be in it to win it
2040 seems easy target today .. just a gut feeling
Extreme gut feeling trader
  • #804,716
  • Jan 24, 2024 3:30am Jan 24, 2024 3:30am
Quoting woody70
{quote} Same cycle rinse and repeat
Overleverage will always get a trader no matter how smart they are.
  • #804,717
  • Jan 24, 2024 3:30am Jan 24, 2024 3:30am
Quoting MrFanciful
There goes my 140% profit from yesterday

If I had made 140% profit in a day I'd be closing trades asap
Don't Leave Money on the Table
  • #804,718
  • Jan 24, 2024 3:32am Jan 24, 2024 3:32am
Quoting Yngwie
Sold 1.2715 SL 1.2745
loss fcuk news
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #804,719
  • Jan 24, 2024 3:32am Jan 24, 2024 3:32am
Quoting 7154Superman
{quote} LoL That was +36% gained in 2 trades, done about 2 weeks ago. I just switched 7 demo accounts over to live accounts during the last 2 weeks after reaching +100% ROI with each of the 7 demo accounts. 5 of them achieved +100% in less than a month. My $100 live accounts are a continuation (Level 2) of my system after proving my system's profitability with demo accounts. This is a long term system in the making. So, gaining +100% total ROI within a month with a long term system is crazy good. It's not high risk gambling. It's just good...
"gaining +100% total ROI within a month with a long term system is crazy good. It's not high risk gambling."
so true! i'm sure i'll be kicking myself when i see your post in 14 months time about how you took $100 to $1,640,000 with your long term, low risk system
  • #804,720
  • Jan 24, 2024 3:34am Jan 24, 2024 3:34am
Quoting HaLBot
{quote} If I had made 140% profit in a day I'd be closing trades asap
They were closed. I was selling because I was expecting a continuation. You know trade with the trend and all that bollocks. Down £200 from my £240 account I's built up.
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