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Cable Update (GBPUSD)

  • #807,141
  • Feb 2, 2024 11:16am Feb 2, 2024 11:16am
Quoting Zebi
{quote} 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
it was O/B.
So, this happened.
And another thing... when trend was showing buy, why you short ( I mean in london session ? )
I am posting chart for London session too.
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Intraday only.
  • #807,142
  • Feb 2, 2024 11:17am Feb 2, 2024 11:17am
Quoting TraderFX.Id
Buy limit 2630 and 2600..will leave it till monday..
oh my...
dont teach me how to buy. im sellers!!
  • #807,143
  • Feb 2, 2024 11:18am Feb 2, 2024 11:18am
this shud be it for the declne...i got a buy signal on hourly ..im not takin it cause will short monday
short trump and go long the deepstate
  • #807,144
  • Feb 2, 2024 11:19am Feb 2, 2024 11:19am
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yes yes yes
  • #807,145
  • Feb 2, 2024 11:19am Feb 2, 2024 11:19am
Quoting Zebi
this shud be it for the declne...i got a buy signal on hourly ..im not takin it cause will short monday

oh what the hell ill scalp long 2628

tp 2656
short trump and go long the deepstate
  • #807,146
  • Feb 2, 2024 11:20am Feb 2, 2024 11:20am
I just recap the last 28 hours for you all:

First we had a fake downmove yesterday to 1.2640's area. Than we climbed up like no good to 1.2740īs area (was already a hint pros go very high risk).
Than they tried to establish 1.2740's area which was very aggressively defended with tons of money. It made my shorts at 1.2740's (quiet big) a bit underwater after last push up to 1.2770's.

I was very sure pros had inside informations about bad NFP-Numbers due to extreme risk taking. My system does not allow me to close on these actions (has to do with stats) so I kept all shorts and in a second after NFP I made huge gain and sold everything. No trade afterwards anymore due to imbalance of pros which were extremely wrong positioned now which lead to the assumption that at least 1.2650's will be reached again. When we got there, they tried to establish a dump zone for retailers here but it did not work out due to heavy market pressure - probably from institutions.

When 1.2640's broke it was quite sure it would go down more and they dont keep the loss over the weekend.
Their last positions would be probably sold at 1.2620's with huge loss which happened now.

My posts predicted that scenario quiet good today. I couldn't use the target of 1.2640's and 20'S area because it is not my trading style. The only chance at 1.2713 I missed to get in on a good spot to ride it down.

We are on neutral ground again now, seeing on retrace now from the 20's area (I was a buy from my system but i did not take it due to friday and institutional sellings which will probably go on). 1.2610's area would have been a buy for me but It did not run through. Chances of 1.2635 occur now before retest of 1.2620's area.

Cheers and out.

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  • #807,147
  • Feb 2, 2024 11:20am Feb 2, 2024 11:20am
O/B, O/S is difficult to trade.

Trend trading is easy to trade.

In, o/b, o/s can you define where is your stop ?
Intraday only.
  • #807,148
  • Feb 2, 2024 11:22am Feb 2, 2024 11:22am
Quoting navk
{quote} it was O/B. So, this happened. And another thing... when trend was showing buy, why you short ( I mean in london session ? ) I am posting chart for London session too. {image}

there was no bullish trend on my chart just green candles ... i sell highs and buy lows
short trump and go long the deepstate
  • #807,149
  • Feb 2, 2024 11:24am Feb 2, 2024 11:24am
Quoting Zebi
{quote} there was no bullish trend on my chart just green candles ... i sell highs and buy lows
my question is different.

Can you set stop ?

Can you set a stop for your short trades yesterday ?
Intraday only.
  • #807,150
  • Feb 2, 2024 11:25am Feb 2, 2024 11:25am
Quoting navk
{quote} it was O/B. So, this happened. And another thing... when trend was showing buy, why you short ( I mean in london session ? ) I am posting chart for London session too. {image}

all week long was great USD news releases so price was building up steam till it blew the lid on the pressure cooker

plus dollar chart was bullish for 4 weeks
short trump and go long the deepstate
  • #807,151
  • Feb 2, 2024 11:25am Feb 2, 2024 11:25am
Strong U.S economy strong USD great trading day. Have a good weekend all!
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Master your mind. Master Trading.
  • #807,152
  • Feb 2, 2024 11:26am Feb 2, 2024 11:26am
Quoting Zebi
this shud be it for the declne...i got a buy signal on hourly ..im not takin it cause will short monday
my view..if today daily close below 2650 monday could resume bear....if not maybe back to 2700
but powell speech on monday before market open..dangerous gap up or down will happen..
dont teach me how to buy. im sellers!!
  • #807,153
  • Feb 2, 2024 11:28am Feb 2, 2024 11:28am
Quoting Zebi
{quote} all week long was great USD news releases so price was building up steam till it blew the lid on the pressure cooker plus dollar chart was bullish for 4 weeks
I am posting hourly chart, which is London session . Over bought.

You sold GU, right.

Can you define a stop for your short trades ?
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Intraday only.
  • #807,154
  • Feb 2, 2024 11:30am Feb 2, 2024 11:30am
Maybe today we just saw the top of February
  • #807,155
  • Feb 2, 2024 11:36am Feb 2, 2024 11:36am
Quoting navk
{quote} I am posting hourly chart, which is London session . Over bought. You sold GU, right. Can you define a stop for your short trades ? {image}

i dont use stops except to protect profits...since i buy and sell at exhaustion levels on hourly and 4H charts so dont really need stoplosses cause price most likely wont go up or down much more and if it does ill just average
short trump and go long the deepstate
  • #807,156
  • Feb 2, 2024 11:38am Feb 2, 2024 11:38am
A good week for me, in fact my best week in early 3-4 months
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Insane in the Brain..
  • #807,157
  • Feb 2, 2024 11:39am Feb 2, 2024 11:39am
Quoting navk
{quote} I am posting hourly chart, which is London session . Over bought. You sold GU, right. Can you define a stop for your short trades ? {image}

just like the GU long i took...price is exhausted but may still go down 10 or 20 pips so ill buy again and lower my average but this is just a scalp countertrend cause daily dollar will have a hard time pulling out that boot thats stuck in GU bools ass after today so GU shud still go lower this month
Quoting Zebi
{quote} oh what the hell ill scalp long 2628 tp 2656
short trump and go long the deepstate
  • #807,158
  • Feb 2, 2024 11:41am Feb 2, 2024 11:41am
Quoting Zebi
{quote} i dont use stops except to protect profits...since i buy and sell at exhaustion levels on hourly and 4H charts so dont really need stoplosses cause price most likely wont go up or down much more and if it does ill just average
OK,

But there are many here including me.

We never trade without a stop loss.

Trading at exhaustion levels ( especially hourly ) may not yield good results always.

But for january, the price in range. So will give good results.

I never trade O/B, O/S because, I can not define my stop.
Intraday only.
  • #807,159
  • Feb 2, 2024 11:46am Feb 2, 2024 11:46am
Quoting Vincent1
Maybe today we just saw the top of February
I can say that maybe high of the year
People don't plan to lose. They lose because they don't plan.
  • #807,160
  • Feb 2, 2024 11:47am Feb 2, 2024 11:47am
Quoting Zebi
{quote} just like the GU long i took...price is exhausted but may still go down 10 or 20 pips so ill buy again and lower my average but this is just a scalp countertrend cause daily dollar will have a hard time pulling out that boot thats stuck in GU bools ass after today so GU shud still go lower this month {quote}
And I like to trade this way.

Hourly still down.

I got short signal in 1 min chart as you see.

This is selling in sell trend.
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Intraday only.
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