nothing to do until I see some volatility.
May be fomc minutes ( just minutes only ) may bring some volatility
May be fomc minutes ( just minutes only ) may bring some volatility
Intraday only.
4
Cable Update (GBPUSD)
- #810,821
- Feb 21, 2024 7:13am Feb 21, 2024 7:13am
- Joined Oct 2010 | Status: Trader | 21,486 Posts
Intraday only.
- #810,822
- Feb 21, 2024 7:22am Feb 21, 2024 7:22am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,556 Posts
{quote} GU target 1 for retracement {image}
After pulling back from external liquidity (retracement), the price moves within internal liquidity, with the upcoming FOMC meeting influencing it slightly.
It might not be able to remove the external liquidity if the FOMC meeting outlook is hawkish.
The forex pair GBP/USD has behaved well this week, following the support and resistance zone and the OB level (SnD).
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #810,823
- Feb 21, 2024 7:27am Feb 21, 2024 7:27am
- | Commercial User | Joined Jul 2021 | 3,280 Posts
My telegram: https://t.me/avidforex
- #810,824
- Feb 21, 2024 7:34am Feb 21, 2024 7:34am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,556 Posts
{quote} The problem i face with is that when i close my trades and bank the profits market tends to continue going in my direction. But when i decide to keep my positions open market comes back to where i bought/sold it again so the profits are vanishedMurphy laws i guess?
You share you computer password with Jay Pow.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #810,825
- Feb 21, 2024 7:45am Feb 21, 2024 7:45am
{quote} The problem i face with is that when i close my trades and bank the profits market tends to continue going in my direction. But when i decide to keep my positions open market comes back to where i bought/sold it again so the profits are vanished
.....Then stick with aiming for where the market needs to go (to punish all the TA 101A traders), instead of intermittently holding out for a big pay off.
Like everyone else (including myself), you probably aiming for Retail Risk/Reward. i.e 2:1-3:1. The market hates trades with Retail RR ratios. It rewards either far smaller RR with a high hit rate, or HUGE RR, but with a very low hit rate. For example, a typical 2:1 RR trade, will travel 1.5:1, and then come right back down to logical entry level (where a lot of traders will have moved their stop to entry), and then either keep going against the original 2:1 trade, or if the 2:1 target is the ultimate destination, it will gyrate around giving several lower RR trading opportunities, before finally hitting the target by which time the average retail trader will be be trailing stopped out, or will have snatched at profits at any rate.
- #810,826
- Feb 21, 2024 7:56am Feb 21, 2024 7:56am
- Joined Apr 2021 | Status: Trader | 5,844 Posts
{quote} It's your own fault. You share you computer password with Jay Pow.
You have to have an IQ higher than 90 to interact with this user.
- #810,827
- Feb 21, 2024 8:03am Feb 21, 2024 8:03am
- Joined May 2022 | Status: Trader | 8,156 Posts
in my experience its usually just retail traders that take the fed minutes seriously...everything thats in them and the way they voted has already been made clear by each member when they gives speeches like bostic an hour ago
dont forget its old news from 3-4 weeks ago
ill be shorting any spikes up during and after the release
dont forget its old news from 3-4 weeks ago
ill be shorting any spikes up during and after the release
short trump and go long the deepstate
- #810,828
- Feb 21, 2024 8:05am Feb 21, 2024 8:05am
- Joined May 2020 | Status: Best trader ever to exist ever | 10,709 Posts
{quote} This is true. I hear so many people hear saying I'm done for the day and within an hour they are right back taking more trades.
- #810,829
- Feb 21, 2024 8:09am Feb 21, 2024 8:09am
- | Commercial User | Joined Jul 2021 | 3,280 Posts
My telegram: https://t.me/avidforex
- #810,830
- Feb 21, 2024 8:14am Feb 21, 2024 8:14am
- Joined Jan 2016 | Status: Trader | 5,200 Posts
Okay bought GU EU and Ozzy
181 Aussie so far and see if I can crack 200 for the day with NY stocks opening
Don't Leave Money on the Table
- #810,831
- Feb 21, 2024 8:16am Feb 21, 2024 8:16am
- Joined May 2020 | Status: Best trader ever to exist ever | 10,709 Posts
{quote} Haha yeah yesterday GU went up i was making profits and then NY session vanished all my GU profits
- #810,832
- Feb 21, 2024 8:16am Feb 21, 2024 8:16am
- | Commercial User | Joined Jul 2021 | 3,280 Posts
My telegram: https://t.me/avidforex
- #810,834
- Edited 8:46am Feb 21, 2024 8:17am | Edited 8:46am
- Joined May 2022 | Status: Trader | 8,156 Posts
short trump and go long the deepstate
- #810,835
- Feb 21, 2024 8:18am Feb 21, 2024 8:18am
- Joined Oct 2009 | Status: Trader | 5,676 Posts
Always trade your own plan...I don't provide trading signals.
or a full thrust upwards 
..- #810,837
- Feb 21, 2024 8:21am Feb 21, 2024 8:21am
- Temporarily Suspended | Joined Jul 2021 | 3,677 Posts
More time in the market, does not mean you trade better!
- #810,838
- Feb 21, 2024 8:22am Feb 21, 2024 8:22am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,556 Posts
{quote} GU After pulling back from external liquidity (retracement), the price moves within internal liquidity, with the upcoming FOMC meeting influencing it slightly. It might not be able to remove the external liquidity if the FOMC meeting outlook is hawkish. The forex pair GBP/USD has behaved well this week, following the support and resistance zone and the OB level (SnD).{image}
Update on GU scalping position and projection
(gotten from from third party report - source anonymous)
Source anonymous......
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #810,839
- Feb 21, 2024 8:24am Feb 21, 2024 8:24am
- Joined May 2021 | Status: Trader | 7,225 Posts
scalp buy GU 2618, will add 2610 2600 2590
People don't plan to lose. They lose because they don't plan.
- #810,840
- Feb 21, 2024 8:24am Feb 21, 2024 8:24am
- Joined May 2022 | Status: Trader | 8,156 Posts
i feel foolish pointing this out in a room full of geniuses since everybody does this and already knows take the dates of the last releases and mark them on your charts gentlemen so you dont have to listen to dipshits scaremongering LOL the whole daily range on fed minutes day is usually 60 pips...hardly worth getting out of bed early or staying up late for LOL...most of the range happens before the minutes release {image} {image}
i only went 4 releases back since i already know this shit but im sure everybody else who wants to learn will go back even further
educate yourselves gentlemen ...dont become roadkill listening to other people
short trump and go long the deepstate