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Cable Update (GBPUSD)

  • #804,741
  • Jan 24, 2024 3:49am Jan 24, 2024 3:49am
Quoting Pat Chiko
{quote} GU GU flip supply/demand zone as price pushing thru flip zone prior to LO {image}

GU
Looking at Fib retracement and fib expansion tools.

1st target concluded,
Going for second target.
Moving to positive stops

Deserve a smoke today.

Peace


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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #804,742
  • Jan 24, 2024 3:49am Jan 24, 2024 3:49am
Quoting voeltoez
1 and 5 mnt scalper must be stressfull now
Bull or Bear, Scalper never trade with stress, they are always enjoy trading.
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Intraday Trading is an Art _ hoda
  • #804,743
  • Jan 24, 2024 3:50am Jan 24, 2024 3:50am
Quoting eyefeelsix
{quote} stop-out 3 layers broken, scary news ahead {image}

Nice fold I'm done for Cable --- prey flees

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https://breakpullback.com
  • #804,744
  • Jan 24, 2024 3:52am Jan 24, 2024 3:52am
Quoting billGU
{quote} i just do not understand how you are able to lose money when surrounded by such great traders... i could go on, but i think i will give my snipping tool a break for now {image} {image} {image} {image} {image} {image} {image} {image}
I have a problem with revenge trading. I have no idea how to deal with it. When I demo or back test, it all works out really well for me.

My biggest regret in life was getting involved with this and I know I'll never be able to make back my £22,000 in losses. On the flip side, going to work every day is making me want to end it and I can't see any other way than trying to get this to work.

I just look at a move like this and think "Is it really likely to continue up without coming down first?" I'm just looking to capture 10-15 pips. It is no up 120 pips from the swing low in a 2 month range. Maybe it will continue up, but it that more or less likely than a pull back? We are at roughly 4 hour resistance after a 120 pip move. is it likely that a chunk of those buyers are going to take profits around here or is it more likely that they will hold or add to the position?
  • #804,745
  • Jan 24, 2024 3:53am Jan 24, 2024 3:53am
Quoting MrFanciful
{quote} 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.
So you were selling overleveraged during red news? Is that right, and you talking about the trend.
  • #804,746
  • Jan 24, 2024 3:56am Jan 24, 2024 3:56am
LOL....Keep Shorting!! LOL


Inserted Video
  • #804,747
  • Jan 24, 2024 3:57am Jan 24, 2024 3:57am
Bloody hell, forgot about the red news at 930. Was too busy working! Ok so now I’m 60 pips under, will look for a retrace to the the 12730 area and go again
Insane in the Brain..
  • #804,748
  • Jan 24, 2024 3:59am Jan 24, 2024 3:59am
Quoting hoda
{quote} Bull or Bear, Scalper never trade with stress, they are always enjoy trading. {image}
do you mind sharing what indi are you using?
  • #804,749
  • Jan 24, 2024 3:59am Jan 24, 2024 3:59am
Mf !!!!!!
Y's daily candle was crooky bears trap
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yes yes yes
  • #804,750
  • Jan 24, 2024 4:00am Jan 24, 2024 4:00am
Quoting woody70
{quote} So you were selling overleveraged during red news? Is that right, and you talking about the trend.
Lower highs and lower low = trend
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  • #804,751
  • Jan 24, 2024 4:00am Jan 24, 2024 4:00am
Quoting MrFanciful
{quote} I have a problem with revenge trading. I have no idea how to deal with it. When I demo or back test, it all works out really well for me. My biggest regret in life was getting involved with this and I know I'll never be able to make back my £22,000 in losses. On the flip side, going to work every day is making me want to end it and I can't see any other way than trying to get this to work. I just look at a move like this and think "Is it really likely to continue up without coming down first?" I'm just looking to capture 10-15 pips. It is...
Price will always potentially end up surprising and stretching out in one direction without a retrace far longer than ever thought possible. (Think black swan)
That's why risk / money management is key. Once you have that figured out, then you can work on figuring out what price will do. Without that risk management, you will ultimately fail, almost guaranteed.
You cannot fail if you never give up.
  • #804,752
  • Jan 24, 2024 4:04am Jan 24, 2024 4:04am
Quoting ninner
LOL....Keep Shorting!! LOL https://www.youtube.com/watch?v=JWOB0MyTsng
Why? Can you show the chart with your view?
  • #804,753
  • Jan 24, 2024 4:05am Jan 24, 2024 4:05am
What we see currently is typical PA for EU-Session. Long run, no retrace, no other big players. Only few bank make market. No one cares. Kartell Abuse? Doesn't matter. EU is a joke. But that's also nothing new. (I say EU because the prices are currently made by big banks in EU-Session and probably from EU-Ground).
  • #804,754
  • Jan 24, 2024 4:06am Jan 24, 2024 4:06am
Quoting MrFanciful
{quote} Lower highs and lower low = trend {image}
I know what a trend is. The trend has nothing to do with you overleveraging all the time especially during news. You should avoid news at all cost until you get your gambling under control. That is what it is.
  • #804,755
  • Jan 24, 2024 4:07am Jan 24, 2024 4:07am
Thats it. down we go. Sold 1.2768
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #804,756
  • Jan 24, 2024 4:07am Jan 24, 2024 4:07am
We currently see, as usual, the distribution of the longs to the market, using time technique of big boys (which we are not able to use). They sell to currency converters and Central banks. That's how they make their money in that moment.
  • #804,757
  • Jan 24, 2024 4:08am Jan 24, 2024 4:08am
Quoting OutThere
{quote} 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.
Hi. Thanks for the reply. I don't have an opinion on where price may go next, I am a clueless feckwit in this respect (like the rest of us,) and just accept and am comfortable with the fact that I don't know and what's more I don't have to know to make money, (none of us do.) I just a play an edge when it sets up in whatever price action/trend/range it does and the rest is up to the market. We as humans like to compensate for uncertainty by trying to manufacture it where it does not exist, like predictions etc. Some never get comfortable with the fact that they can't know what will happen next beyond (sometimes) a greater probability, and fail to understand that they don't have to.
Trader with an Edge.
  • #804,758
  • Jan 24, 2024 4:08am Jan 24, 2024 4:08am
Quoting genadi
{quote} Why? Can you show the chart with your view?
I was being sarcastic. I dont need to show a chart to know it is bullish. It has taken out the november 23 highs and now going after the Jan 24 highs.
  • #804,759
  • Jan 24, 2024 4:09am Jan 24, 2024 4:09am
[quote=MrFanciful;14730056]{quote} I have a problem with revenge trading.

As mentioned m8 employ strict money management and if your losing more than you win your just not employing strict money management.
22 grand is a small amount in forex trading terms and can easily be recouped plus some more to make up for inflation and if you start winning you feel much better about things in general.
There are traders who lose 300k plus and then go on to become the best traders out there but it doesn't mean you have to lose that sort of cash to learn. What you need(and we all need it besides Paige Spiranac ) is 'Strict Money Management' Until you learn that lesson you'll continue to bleed money, feel like shit and think it's some other issue....

Journal because you life depends on it
Don't Leave Money on the Table
  • #804,760
  • Jan 24, 2024 4:09am Jan 24, 2024 4:09am
Quoting Yngwie
Thats it. down we go. Sold 1.2768
I can’t see 12600 any time soon though, maybe a move to 127 or 12690 which would be around the opening area.
if we look at the 100 pip spread for the day then 12670ish
Insane in the Brain..
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