Cable Update (GBPUSD) | Page 40311 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #806,201
  • Jan 31, 2024 8:16am Jan 31, 2024 8:16am
Quoting billGU
{quote} odd way of saying 'i have 4 positions in drawdown and am waiting to enter the 5th'
watch and learn, or BillFuck you
People don't plan to lose. They lose because they don't plan.
  • #806,202
  • Jan 31, 2024 8:17am Jan 31, 2024 8:17am
Quoting Pat Chiko
{quote} Note there one more OB upstairs still available as Liquidity zone
Before jumping into any trades, make a plan.
Dive into charting, do a bunch of drawing until you understand what and why the price is likely to move.

Attached Image (click to enlarge)
Click to Enlarge Name: strucutre.jpg Size: 241 KB


I set up the above plan four hours before making the actual trade.
When the price starts moving, adjust your plotting.
Mark up the OB (Overbought) zones, identify areas of interest, and pay attention to what structure has been broken, whether it's internal or external.

Then, when you're ready to take the trade, don't start blaming price spikes, calling it gambling, and crying like a 10-year-old.
Stop blaming everything else and take responsibility for your laziness, hoping someone else will give you trade signals.
Stick some glue to your ball, "man up"



Now, I need a smoke break.
By the way, just got Mahee's photo. Waiting for Waveskie to give the green light to post Mahee's latest pic.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #806,203
  • Jan 31, 2024 8:18am Jan 31, 2024 8:18am
Quoting billGU
{quote} odd way of saying 'i have 4 positions in drawdown and am waiting to enter the 5th'
You are being mischievous and it's not good. He gave his entries ahead, which clearly meant he broke his usual trade size into bits. You can call it a drawdown but it's perfectly according to plan. Whatever, I see your mischief from a distance.
  • #806,204
  • Jan 31, 2024 8:23am Jan 31, 2024 8:23am
Long TP set to 12750

SL at b/e 12690
Insane in the Brain..
  • #806,205
  • Jan 31, 2024 8:26am Jan 31, 2024 8:26am
Quoting ScalaFX
{quote} almost active all one left
Are you shorting today?! I hope you don't blow your account.
I closed 2 longs now. Waiting for the next dip to reload more longs. Currently, I have 2 long and 3 short positions on EUR/USD.
You cannot fail if you never give up.
  • #806,206
  • Jan 31, 2024 8:30am Jan 31, 2024 8:30am
Quoting 7154Superman
{quote} Are you shorting today?! I hope you don't blow your account. I closed 2 longs now. Waiting for the next dip to reload more longs. Currently, I have 2 long and 3 short positions on EUR/USD.
last day of the month and fomc i expect both sides movements… bulls n bears no one safe today so not trading cable…gold is
Extreme gut feeling trader
  • #806,207
  • Jan 31, 2024 8:30am Jan 31, 2024 8:30am
Quoting Mitiblotch
{quote} That's good for bulls if it happens. However, kindly check to see the possible monthly pivot for February (EURUSD). Any spikes should stop there and take a good dump. Monthly pivot for January is 0967 and price fell below it. Price will again test the monthly pivot for February from below and take a dump. I don't have a trade on EURUSD. If I were, I'd be selling every spike.
What is the monthly pivot for February on EUR/USD? I am not educated on pivot indicators. All I know is that smart money is propping up EUR/USD price (bearish dollar) this week (and end of month) to get liquidity for next week and month dump to 1.06, maybe lower.
There is no telling how high they will push the price up now (bull trap) before the dump to EUR/USD parity (1.00) in the coming months.
But as usual, I stay focused on scalping and hedging with the short term trending price action (day trading) in mind.
You cannot fail if you never give up.
  • #806,208
  • Jan 31, 2024 8:34am Jan 31, 2024 8:34am
Quoting montygoldy
{quote} risk free ride edit: come on gold one more spike up plz {image}
tp smashed …. Day so far…
today reduced my risk by 50%…. Tricky n volatile day
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_1658.png Size: 47 KB
Extreme gut feeling trader
  • #806,209
  • Jan 31, 2024 8:34am Jan 31, 2024 8:34am
Quoting 7154Superman
{quote} Are you shorting today?! I hope you don't blow your account. I closed 2 longs now. Waiting for the next dip to reload more longs. Currently, I have 2 long and 3 short positions on EUR/USD.
You're getting cocky mate.
  • #806,210
  • Jan 31, 2024 8:34am Jan 31, 2024 8:34am
Quoting montygoldy
{quote} risk free ride edit: come on gold one more spike up plz {image}
Will Newyork session help to move up? Or FOMC news?
  • #806,211
  • Jan 31, 2024 8:36am Jan 31, 2024 8:36am
Quoting 7154Superman
{quote} What is the monthly pivot for February on EUR/USD? I am not educated on pivot indicators. All I know is that smart money is propping up EUR/USD price (bearish dollar) this week (and end of month) to get liquidity for next week and month dump to 1.06, maybe lower. There is no telling how high they will push the price now before the dump to EUR/USD parity (1.00) in the coming months. But as usual, I stay focused on scalping and hedging with the short term trending price action (day trading) in mind.
You might be right. You may also be wrong. I hope you keep that humility and possibility of price going either way. Like I said, I don't have any trade on EU.
  • #806,212
  • Jan 31, 2024 8:39am Jan 31, 2024 8:39am
Kinda slow and steady moves now.

Waiting for a big candle move to tp, then I can skip tomorrow. Especially when tmrw is 1st day of the month + packed with news.
Exhausted
  • #806,213
  • Jan 31, 2024 8:40am Jan 31, 2024 8:40am
Yes yes yes
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_2024-01-31-16-39-34-525_net.metaquotes.metatrader4-edit.jpg Size: 812 KB
Click to Enlarge Name: Screenshot_2024-01-31-16-38-24-917_net.metaquotes.metatrader4.jpg Size: 302 KB
yes yes yes
  • #806,214
  • Jan 31, 2024 8:44am Jan 31, 2024 8:44am
Quoting OperaniyiFx
Long GU 1.2685 TP 40pips SL open
TP smashed
  • #806,215
  • Jan 31, 2024 8:44am Jan 31, 2024 8:44am
Quoting mallee
{quote} 2046?
2050 already up
Monthly candle really close to turning green… huge possibility for upside not today only in general for whole week
Extreme gut feeling trader
  • #806,216
  • Jan 31, 2024 8:46am Jan 31, 2024 8:46am
Gold short 2051.50
People don't plan to lose. They lose because they don't plan.
  • #806,217
  • Jan 31, 2024 8:49am Jan 31, 2024 8:49am
Quoting montygoldy
{quote} last day of the month and fomc i expect both sides movements… bulls n bears no one safe today so not trading cable…gold is
Wow. My TP is 55, lol a whisker away. What a move.
  • #806,218
  • Jan 31, 2024 8:50am Jan 31, 2024 8:50am
People who don't post their analysis can never be wrong, and shamelessly criticize those who contribute to this thread.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 01.31 30Mb.png Size: 54 KB
Always trade your own plan...I don't provide trading signals.
  • #806,219
  • Jan 31, 2024 8:54am Jan 31, 2024 8:54am
It has been triggered since the creenshot.
Lets see how it does
1:3.5 rr
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2024-01-31 094510.png Size: 20 KB
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #806,220
  • Jan 31, 2024 8:54am Jan 31, 2024 8:54am
Done, +35-ish pips.

See you on Friday
Exhausted
433 traders viewing now, 5 are registered:
,
RSdecompose
,
CPUmice
,
,
Ahsan