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Cable Update (GBPUSD)

  • #815,121
  • Mar 8, 2024 11:22am Mar 8, 2024 11:22am
Quoting Whatevs
"Layoffs rise at the fastest rate for February since 2009. (2009. the height of great recession)."
Cluster fuck enroute!
  • #815,122
  • Mar 8, 2024 11:23am Mar 8, 2024 11:23am
Quoting Coreg2004
Scalping on the 3M chart... {image}
Gold rising, DXY rising and GU falling. Something isn't right in this picture!
  • #815,123
  • Mar 8, 2024 11:56am Mar 8, 2024 11:56am
i dont think it needs saying and i feel foolish saying what im about to but a green daily dollar candle close is bullish

there was no reason for dollar to drop so much this week on powells testimony before congress other than to stop me out for -100 pips LOL

if someone has technical chart related reason for dollar drop id love to hear it cause my system doesnt on daily chart

its a little late in the day for shorting so ill wait for the week close and prolly start shorting again sunday and monday especially when GU price climbs a bit hier
short trump and go long the deepstate
  • #815,124
  • Mar 8, 2024 12:00pm Mar 8, 2024 12:00pm
ill read peoples dollar analysis later if anyone bothers cause im off to fill up my cars 20 gallon gas tank using the 75 cents a gallon saving i have with the upside app that ends today

so im saving lots of money...i may even treat myself to a donut at the gas station since im feeling rich
short trump and go long the deepstate
  • #815,125
  • Mar 8, 2024 12:04pm Mar 8, 2024 12:04pm
Quoting Zebi
i I dont don't think it needs saying and i I feel foolish saying what im I'm about to <write> but a green daily dollar candle is bullish there was no reason for dollar to drop so much this week on powells Powell's testimony before congress other than to stop me out for -100 pips LOL if someone has <a> technical chart related reason for dollar drop id I'd love to hear it cause my system doesnt doesn't on daily chart its it's a little late in the day for shorting so ill I'll wait...
Most of the errors. You're welcome.
  • #815,126
  • Mar 8, 2024 12:07pm Mar 8, 2024 12:07pm
Quoting Zebi
i dont think it needs saying and i feel foolish saying what im about to but a green daily dollar candle is bullish there was no reason for dollar to drop so much this week on powells testimony before congress other than to stop me out for -100 pips LOL if someone has technical chart related reason for dollar drop id love to hear it cause my system doesnt on daily chart its a little late in the day for shorting so ill wait for the week close and prolly start shorting again sunday and monday especially when GU price climbs a bit hier
It's all ICT algorithmic.
  • #815,127
  • Mar 8, 2024 12:16pm Mar 8, 2024 12:16pm
Quoting 1 in 1 out
{quote} It's all ICT algorithmic.
1 in 1 out, and Elliott's channel trading...
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #815,128
  • Mar 8, 2024 12:46pm Mar 8, 2024 12:46pm
next week strategy
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yes yes yes
  • #815,129
  • Mar 8, 2024 12:52pm Mar 8, 2024 12:52pm
Quoting montygoldy
i haven't traded gold but its literally saying F@@K U (mind my language) to Sellers. Goes down few dollars and then goes up twice the much.....
Gold is not just kept rising because of only Weak USD. But with FED ending the BTTP programme and reverse repo funds went down drastically , the market are very pessimistic about the Failure of more US regional Bank.
Its more like a risk-off amongst the big guys.
However, i read that the FED make another programme called Discount window to prevent more failure of regional bank.
But still, the banks asset (their bond portfolio are masively in DD) had greatly lost value. They will only be able to use them as collateral based on their market value if they were to take a loan unlike under the BTTP - the face value of the bond holding is used.
More time in the market, does not mean you trade better!
  • #815,130
  • Mar 8, 2024 12:56pm Mar 8, 2024 12:56pm
Quoting Whale
{quote} Why there’s so many cars on the beach.. yak.
They keep the engine running so they can keep cool in the car with the air conditioning running. Just there for a view, not for swimming.
To free Gazans of Hamas, use whatever it takes.
  • #815,131
  • Mar 8, 2024 1:03pm Mar 8, 2024 1:03pm
Quoting DrDave
{quote} They keep the engine running so they can keep cool in the car with the air conditioning running. Just there for a view, not for swimming.
maybe we should consider to do that at Nova beach
  • #815,132
  • Mar 8, 2024 1:05pm Mar 8, 2024 1:05pm
Quoting HaLBot
{quote} I as well as others value free speech and if you use the 'suspend' button adhoc it will ruin this forum and is already having a negative effect. BillGU didn't target one particular person..... Just been thru 3 years of leftist idiots censoring anything that didn't fit their narrative and all thanks to Elon for buying Twitter and putting some sanity back into the mix!
it will ruin this forum
This thread was ruined a long time ago.
To free Gazans of Hamas, use whatever it takes.
  • #815,133
  • Mar 8, 2024 1:08pm Mar 8, 2024 1:08pm
I see traders daily in this thread trading big lot sizes. Moty my friend, I am afraid you have gone too big too soon. I saw you trade 1 full lot size on a $2000 account. It's a no-no in my books. You were doing great in building up your trading account to that level and I am afraid your greed has gotten the better of you, Greed is the fastest killer of a trading account.
Please do not, and I repeat, do not follow traders posting here with their big lot sizes and not a verified live trading account.
.01 lot to every $300 invested is the max you should go.
Break that rule and you will lose your account. Not one trader will get their first entry right all the time.
I see this year in and year out with newbie traders losing their accounts. Trading is not a get-rich-quick scheme more especially if you invest small. The inexperienced traders who invest big with their life savings fall hard and I have seen traders commit suicide because of that,
If you do not meet the above criteria, keep your job and learn by trading a small account,
Do not pay a cent to any trader here because they will fail and don't understand what it takes to trade a small investment, and more importantly, because they post their demo results here letting it off as live account trades. Do your due diligence and walk the hard yards by learning how to trade. Do not ever compare your circumstances with any trader here, The golden rule is to trade ,01 lot for every $300 invested and we might bring that 95% of all traders failing, down.
Learn this and you will go onto the next level of your trading career.
Cheers.
Trade to trade another day
  • #815,134
  • Mar 8, 2024 1:11pm Mar 8, 2024 1:11pm
Quoting Wavegarrick
I see traders daily in this thread trading big lot sizes. Moty my friend, I am afraid you have gone too big too soon. I saw you trade 1 full lot size on a $2000 account. It's a no-no in my books. You were doing great in building up your trading account to that level and I am afraid your greed has gotten the better of you, Greed is the fastest killer of a trading account. Please do not, and I repeat, do not follow traders posting here with their big lot sizes and not a verified live trading account. .01 lot to every $300 invested is the max you should...
How you getting on with leaving this thread Jaybag...sorry Leon...
  • #815,135
  • Mar 8, 2024 1:20pm Mar 8, 2024 1:20pm
Quoting Waveskierrob
{quote} How you getting on with leaving this thread Jaybag...sorry Leon...
Focus on trading!!!
Congratulations ScalaFX for coming out of the closet!
  • #815,136
  • Mar 8, 2024 1:22pm Mar 8, 2024 1:22pm
Quoting Whale
{quote} maybe we should consider to do that at Nova beach
maybe we should consider to do that at Nova beach

a friend calls: "what's up bro?"
You: "Jus' chillin' at the beach".
Friend: "Cool, man."
You: "Fer sure!"
To free Gazans of Hamas, use whatever it takes.
  • #815,137
  • Edited 1:59pm Mar 8, 2024 1:23pm | Edited 1:59pm
Quoting 7154Superman
{quote} Well, shit. Not what I expected, but at this point, EUR/USD dump to 1.085 still looks promising for the rest of today and beginning of next week at least because price action has returned back to pre-NFP range. So, I hold all my shorts. But I did manage to add 3 more demo accounts today. Now total of 5 new demo accounts to trade alongside my 11 live accounts. I would like to start a new trading strategy of swing trading with my demo accounts, meanwhile, keep scalping/hedging my live accounts. After entering a position, when it's in a reasonable...
So, now I have 4 $100k demo short positions with 50:1 leverage on EUR/USD at
1.09716
1.09635
1.09551
1.09455
Each position's stop loss is now set at break even.
Take profit at +100% ROI = somewhere below 1.08.
I will set trailing stops once 4 hour candle closes below 1.087.
So, I feel some sort of a relief, knowing those trades are now risk free.
If price goes up and triggers any of the stop losses, no problem. I'll just wait for a better setup, then try again. Those whose stop losses do not get triggered, they get to to stay in for the long haul, moving stops along with it, in case price keeps going down from here.
I think I will ultimately switch to this style of trading.
Or maybe keep both styles, some scalping/hedging, and some swing trading. There are benefits to both. Scalping/hedging is good for sideways/consolidating price action. Swing trading is good for trending action. The key is to know which style to use when and where.
Some currency pairs like JPY crosses are better for swing trading. And EUR/USD is better most times for scalping.
You cannot fail if you never give up.
  • #815,138
  • Mar 8, 2024 1:24pm Mar 8, 2024 1:24pm
Quoting josip
EURUSD H1 trendlines.. cca 1.0945 support...uptrend {image}
update 1
EURUSD H1
trendline...
Attached Image (click to enlarge)
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Trendlines H1,H4, SMC
  • #815,139
  • Mar 8, 2024 1:25pm Mar 8, 2024 1:25pm
Quoting nubcake
{quote} Focus on trading!!!
Attached Image (click to enlarge)
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  • #815,140
  • Mar 8, 2024 1:40pm Mar 8, 2024 1:40pm
Quoting Wavegarrick
I see traders daily in this thread trading big lot sizes. Moty my friend, I am afraid you have gone too big too soon. I saw you trade 1 full lot size on a $2000 account. It's a no-no in my books. You were doing great in building up your trading account to that level and I am afraid your greed has gotten the better of you, Greed is the fastest killer of a trading account. Please do not, and I repeat, do not follow traders posting here with their big lot sizes and not a verified live trading account. .01 lot to every $300 invested is the max you should...

back in late 90's early 2000's when i started out futures was the only leveraged game in america...the minimums to open an account back then were 10k with interactivebrokers so after i blew my first account i only traded 1 ES mini contrsct for every 10k i had in the account LOL...now with micro contracts i still wouldnt want to risk more than 1 micro per 1000 in a real brokerage account

lots of people entering this game now are young and poor and do props so they gamble more on size since all theyll lose is their 300 dollar challenge fees

moty i believe has a real money account so he shud listen to you but he wont ...hes been doing it this way for the last 5-7 years since we were both in ata-turcoglus eurusd only thread LOL

moty was such a bad example always using huge size on a tiny account and busting out that ata got tired of him and started a poll we could all vote on whether moty should stay in the room or ata would get rid of him LOL


moty will never change thats why i gave up trying to encourage himto trade differently
short trump and go long the deepstate
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