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Cable Update (GBPUSD)

  • #805,521
  • Jan 27, 2024 4:52am Jan 27, 2024 4:52am
Wkly ended the week probably still in a general uptrend, but Dly and 4Hr are still in that 2828-2610 range (with 1st false downside b/o to 2596.) 1Hr too closed the week in a rangy state, but with a current bearish feel following the straight line 'edge of the cliff' sell-off from Fri's 2759 hi, to beyond the 61.8% of it's 2675 lo - said 2759 hi.

Only 62% of 13wk awr traveled this week just closed. So far this Mth, going into the last few trading days of it next week, only 42% of the 6mth amr traveled, and this is reflected in that said multi-week 4hr/dly range. Perhaps even a mini 1hr/4hr range 'within the range' has developed, ie 2775-2675?

Dly, 4Hr and 1Hr below
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Trader with an Edge.
  • #805,522
  • Jan 27, 2024 5:24am Jan 27, 2024 5:24am
finished Friday with 805 equity
i was greedy , wanted to get to 900 , i reached to 850 and dropped to 805 in the last hour of trading
never mind , i earned my goal , at least 100 $ profit per day from 700
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yes yes yes
  • #805,523
  • Jan 27, 2024 6:09am Jan 27, 2024 6:09am
Quoting Moty
finished Friday with 805 equity i was greedy , wanted to get to 900 , i reached to 850 and dropped to 805 in the last hour of trading never mind , i earned my goal , at least 100 $ profit per day from 700 {image} {image}

So many times this happens to us traders, we have a particular figure we want to reach on a trading day yet don't quite get there and instead of accepting it we stay in the trade(s) and go backwards on the day even to the point of going from a winning position to a losing position.....
Don't Leave Money on the Table
  • #805,524
  • Jan 27, 2024 6:14am Jan 27, 2024 6:14am
Quoting T721
{quote} Get over yourself. There are those on this thread who insult everyone who pays attention to them. There are those on this thread that simply share what they are doing. There are those who actually know what they are doing and try to help others. There are those who don't have a clue about what they are doing. In any event NO ONE is every right 100% of the time. 70% is fantastic. No one posting on this thread, with any integrity is going to hold your hand through the process, you have to take ownership of your own situation. ...
My dear friend and professor, i hope you remember me. I have been thinking of you, miss you! <3
  • #805,525
  • Jan 27, 2024 6:16am Jan 27, 2024 6:16am
Quoting HaLBot
{quote} So many times this happens to us traders, we have a particular figure we want to reach on a trading day yet don't quite get there and instead of accepting it we stay in the trade(s) and go backwards on the day even to the point of going from a winning position to a losing position.....
That's the reason I closed my trades on a time rather than price, try it out on demo first, could work for you, just another tool to help beat the markets...
  • #805,526
  • Jan 27, 2024 6:18am Jan 27, 2024 6:18am
Someone here posted the youtube video below of 'Lux Trading Firm' and their prop firm trading program a week ago.
Has anyone used this company or are using this company and what has been your experience or would suggest a better prop firm?
I see you trade a demo account for 7 months which is no problem, just trade my live account in tandem

Inserted Video
Don't Leave Money on the Table
  • #805,527
  • Jan 27, 2024 6:31am Jan 27, 2024 6:31am
Quoting dinpappa
{quote} My dear friend and professor, i hope you remember me. I have been thinking of you, miss you! <3
Jesus Terry, I hope he wasn't one of your choirboys?
  • #805,528
  • Jan 27, 2024 8:15am Jan 27, 2024 8:15am
Quoting dinpappa
{quote} My dear friend and professor, i hope you remember me. I have been thinking of you, miss you! <3
Hi dinpappa i do remember you. hope you doing well
  • #805,529
  • Jan 27, 2024 8:16am Jan 27, 2024 8:16am
Quoting mallee
{quote} Jesus Terry, I hope he wasn't one of your choirboys?
  • #805,530
  • Jan 27, 2024 8:20am Jan 27, 2024 8:20am
Quoting T721
{quote} Hi dinpappa i do remember you. hope you doing well
how is it going for u dear friend? how is ur health and well being?
  • #805,531
  • Edited 1:06pm Jan 27, 2024 9:58am | Edited 1:06pm
Quoting Wavegarrick
{quote} {quote} Important levels being breached. 1.28000 on the horizon. Cheers. {image}
Hi Guys,
GU 1.2720 ish (yellow highlight) has been the start of the year and an important benchmark going forward. January has not been easy for position traders, and scalpers should have done quite well. It is no surprize that we are close to our yearly open level with 3 Days to go to month end next week. We are trading in a symetrical triangle and I anticipate a sigificant breakout within the 3 days to month end.
January has never been an easy period to trade due to thin liquidity, and for the over enthusiastic newly invigorated new years resolution traders, could be a career moving disaster. Slow and steady with lots of patience will be my only advice.
Edit: No live calls like a signal service, Just the process in real time.
Have a great week,
Cheers.
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Trade to trade another day
  • #805,532
  • Edited 11:56am Jan 27, 2024 10:28am | Edited 11:56am
I see that USD/CHF will make a southward correction, this process has already started a few days ago. the extent of this correction is unpredictable at least the D1 time frame suggests this.
you might want to watch the S/R levels.
USD/JPY also shows the likelihood of a midday correction.
D1.
perhaps no I am wrong.
  • #805,533
  • Jan 27, 2024 11:15am Jan 27, 2024 11:15am
Quoting dinpappa
{quote} how is it going for u dear friend? how is ur health and well being?
All good pal, healthy and wealthy but not so wise Hope you are making money trading. Nice to see you still around, its been a long time.. My days here at forex factory are numbered and probably wont be here much longer other than posting an occasional chart here and there. Forex Factory really is just to fill in time when i get bored, can be a good laugh but getting fed up with it now
  • #805,534
  • Jan 27, 2024 11:16am Jan 27, 2024 11:16am
Quoting mallee
{quote} Jesus Terry, I hope he wasn't one of your choirboys?
Spent a bit of time with him on zoom over a year ago
  • #805,535
  • Jan 27, 2024 12:40pm Jan 27, 2024 12:40pm
Quoting Pat Chiko
{quote} I'm still working on helping Genadi understand my perspective on Price Action. That's why I prefer not to give trade call like signal and prefer to share the process itself in real time. I'm currently in the process of preparing, creating charts, and writing explanations at a level that everyone can easily grasp. This will ensure that the message is communicated clearly. {quote} Regarding your question, I prefer to explain how I decide when to TP rather than just stating the specific price of my TP. This approach aligns with the idea of...
Do those questions require such a huge explanation with many charts and entire new thread? I thought the answer fill fit in one chart and three sentences...

Best regards,
  • #805,536
  • Jan 27, 2024 12:50pm Jan 27, 2024 12:50pm
Quoting T721
My days here at forex factory are numbered
Wishes do come true.
Congratulations ScalaFX for coming out of the closet!
  • #805,537
  • Edited 1:38pm Jan 27, 2024 1:28pm | Edited 1:38pm
Quoting nubcake
{quote} Wishes do come true.
Yes they do. Now everyone will be able to follow and learn from you (the best FFactory trader) Who post so many, highly profitable trades

Keep up your Awesome work sharing the way you do. you are such a shining light in Forex Factory with you top analysis each day ... It really makes me wonder why i dont just copy your trades
  • #805,538
  • Jan 27, 2024 1:37pm Jan 27, 2024 1:37pm
Maybe i an mad doing zoom sessions but i enjoy helping others .... I sell FUCKALL, not signals, not courses or anything else but when i get replies like this i am happy and makes it all worth it




IF ANYBUGGER THINKS IM SELLING SOMETHING SEND ME SOME FUCKING PROOF.... OR IF ANYONE WHO HAS BEEN ON ZOOM WITH ME WRITE A FULL POST OF YOUR EXPERIENCE GOOD OR SHIT AND DROP IT HERE IN THE CABLE THREAD..... i hate scammers as you all know and zoom peolpe will be able to say in this thread if they think i was after something from them ----- BTW I DONT WANT SMOKE BLOWN UP MY ASS, JUST WRITE THE TRUTH
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  • #805,539
  • Jan 27, 2024 1:43pm Jan 27, 2024 1:43pm
Quoting nubcake
{quote} Wishes do come true.
My wish is my balls in your mouth
People don't plan to lose. They lose because they don't plan.
  • #805,540
  • Jan 27, 2024 1:51pm Jan 27, 2024 1:51pm
Quoting ScalaFX
{quote} My wish is my balls in your mouth
We all know what side of the street you cross.

You are an absolute loser but at least you have good taste in men
Congratulations ScalaFX for coming out of the closet!
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