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Cable Update (GBPUSD)

  • #807,121
  • Feb 2, 2024 10:45am Feb 2, 2024 10:45am
here are my EU and GU charts...a close under those thick lines means we should keep falling next week

now remember these are daily charts so monday or tuesday price might climb up to retest those lines and im sure the bools will pull out stupid targets out of their asses since they wont be grounded in reality LOL and then start falling again wed,thur, and fri

thats how price and the market works...just because a hourly or daily candle closes green or red doesnt mean its bullish or bearish in and of itself ... thats why i shorted yesterdays big green candles ...its the relationship of the 2 or three candles...i dont mean patterns i mean the last 2 or 3 candles and how they look to each other....you know tape reading ...look it up in google

ill stay bearish GU till price falls to those 2 black lines...i explained them like 4 weeks ago when i first turned bearish....if you want to know why i made those lines youll have to search for that post
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short trump and go long the deepstate
  • #807,122
  • Feb 2, 2024 10:46am Feb 2, 2024 10:46am
Damn the Long didn’t work out… will keep it running over the weekend if need be.
Insane in the Brain..
  • #807,123
  • Feb 2, 2024 10:47am Feb 2, 2024 10:47am
Quoting ScalaFX
{quote} last positions closing before weekend, now+130 pips at this 3 bitches slapped hard today
Scala scores a hat-trick...
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  • #807,124
  • Feb 2, 2024 10:47am Feb 2, 2024 10:47am
Jesus...The US is in trouble
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  • #807,125
  • Feb 2, 2024 10:56am Feb 2, 2024 10:56am
Quoting Zebi
here are my EU and GU charts...a close under those thick lines means we should keep falling next week now remember these are daily charts so monday or tuesday price might climb up to retest those lines and im sure the bools will pull out stupid targets out of their asses since they wont be grounded in reality LOL and then start falling again wed,thur, and fri thats how price and the market works...just because a hourly or daily candle closes green or red doesnt mean its bullish or bearish in and of itself ... thats why i shorted yesterdays...
you use the higher time frame to lower time frame to gain direction and lower time frames to enter trade sound exactly the way I'm learning to trade
  • #807,126
  • Feb 2, 2024 10:57am Feb 2, 2024 10:57am
Was expecting gold to break 2030 but birch is not ready.
  • #807,127
  • Feb 2, 2024 10:57am Feb 2, 2024 10:57am
Quoting MrFanciful
Jesus...The US is in trouble {image}
Well...finally reality comes in. Rate Cute bye bye. Told that for weeks now. Last numbers got a hint it could be stable now but today destroyed it.
  • #807,128
  • Feb 2, 2024 10:57am Feb 2, 2024 10:57am
Quoting MrFanciful
Jesus...The US is in trouble {image}
Hi! What about this signals that the U.S. is "in trouble"?

Asking humbly for my own learning
Trying my best.
  • #807,129
  • Feb 2, 2024 11:00am Feb 2, 2024 11:00am
Quoting Godspromise
{quote} you use the higher time frame to lower time frame to gain direction and lower time frames to enter trade sound exactly the way I'm learning to trade

thats the way the oldtimers did it a 100 years ago before computers or ballpoint pens were invented

they made fortunes without using indicators or computers and people now that use em fail at a 95% rate LOL
short trump and go long the deepstate
  • #807,130
  • Feb 2, 2024 11:00am Feb 2, 2024 11:00am
Quoting JackintheBox
London close coming in, retrace from them is acting as support currently. I wonder what will happen after london close. It will probably dump then. It's a pity, nice setups to trade long but it was too dangerous this time due to last 24 hours.
As Expected, after London Rest of Volume from longs get sold off. Almost 1.2720's reached. Probably it will stall here. Chances of market gap down on Monday reduced now due to liquidation of longs from pros from 1.2640's area.

They really took the loss. I think fundamentals were too strong today. Pros lost a lot of money today. Retailers won big. We are now on neutral ground almost, so no big selling anymore from here probably. May be I take a small long from 20's for retrace.
  • #807,131
  • Feb 2, 2024 11:01am Feb 2, 2024 11:01am
All stopped out at 1.2625... pained but risk managed.
Data + Stat + Risk/Emotions Management
  • #807,132
  • Feb 2, 2024 11:02am Feb 2, 2024 11:02am
Quoting moondoggie
{quote} Hi! What about this signals that the U.S. is "in trouble"? Asking humbly for my own learning
Paying debt's back... or better say: Taking new loans will get very expensive now. They hoped for lower rates to borrow more money cheap but that is gone and fuels more debts to us very fast which can lead into a collapse - if US-Dollar gets attacked too much (never happened for decades).
  • #807,133
  • Feb 2, 2024 11:03am Feb 2, 2024 11:03am
I can buy 2610 and 2600 for scalp 20-30 pips
People don't plan to lose. They lose because they don't plan.
  • #807,134
  • Feb 2, 2024 11:04am Feb 2, 2024 11:04am
1 loss sell Algo trade from 26th February, closed today
1 break even sell manual revenge, for the earlier Algo loss. wish I stayed in.
1 trade still on Algo trade sell from the 12th of February, seen this go up and down like a yo-yo , so many times I thought i was going to get stopped out. I am still in this trade.

I am fully algorithmic now. I code in MT5 mainly.
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Have a good weekend everyone!
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 17.7%
  • #807,135
  • Feb 2, 2024 11:04am Feb 2, 2024 11:04am
Quoting Georginson
All stopped out at 1.2625... pained but risk managed.
Sorry Bro. I'm not sure to go long one last time from here for retrace. Pros cleaned their long from last 24 hours run up but of course there is more selling Volume from Institutions on GBP/USD which also have to be filled. I get strong buy for next hours at 1.2610's area. Here I probably have to buy.
  • #807,136
  • Feb 2, 2024 11:05am Feb 2, 2024 11:05am
Graveyard shift although it is this time we do see 15-25 odd pips. Back up 12650 good enough for me(will pay for a beer tonight)
Insane in the Brain..
  • #807,137
  • Feb 2, 2024 11:09am Feb 2, 2024 11:09am
1 ) How can we make profit only ?

2 ) How can we stop loosing ?

( There are buy signals... never buy it.... because the trend is down )

All are today's chart
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Intraday only.
  • #807,138
  • Feb 2, 2024 11:10am Feb 2, 2024 11:10am
Quoting BeeTogether
Graveyard shift although it is this time we do see 15-25 odd pips. Back up 12650 good enough for me(will pay for a beer tonight)
Yea beer for me start of the 6 nations tonight...
  • #807,139
  • Feb 2, 2024 11:13am Feb 2, 2024 11:13am
Now, how to identify trend reversal and when to buy it ?

Posting yesterday chart.

There were buy signals at lows...never buy it.

Once lower high formed, buy it.

Buy signals with buy trend, I mean.
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Intraday only.
  • #807,140
  • Feb 2, 2024 11:15am Feb 2, 2024 11:15am
Quoting navk
Now, how to identify trend reversal and when to buy it ? Posting yesterday chart. There were buy signals at lows...never buy it. Once lower high formed, buy it. Buy signals with buy trend, I mean. {image}

you better lay low navk...cupcake is out looking for you and i seen he was carrying a bat for your boolish call yesterday for friday LOL
short trump and go long the deepstate
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