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Cable Update (GBPUSD)

  • #815,381
  • Mar 11, 2024 11:52am Mar 11, 2024 11:52am
Quoting BeeTogether
Looks like the lows of the day been seen. Including the overshoot to below 128
Yeah. First tranche of minor liquidity has been rinsed. 1.280 - ~1.286 looks a good long trade to get into. Question is, where, at this point, do ya risk down to that still gives a decent RR?

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Could just go 1:1 RR and risk down just beneath the big volume gap at 1.274? But of course, we retail traders are taught not to take 1:1 RRs.
  • #815,382
  • Mar 11, 2024 12:01pm Mar 11, 2024 12:01pm
Quoting GusParker
{quote} Yeah. First tranche of minor liquidity has been rinsed. 1.280 - ~1.286 looks a good long trade to get into. Question is, where, at this point, do ya risk down to that still gives a decent RR? {image} Could just go 1:1 RR and risk down just beneath the big volume gap at 1.274? But of course, we retail traders are taught not to take 1:1 RRs.
that’s the area of interest 12730-60 (I know 30 pips is big) but that area is interesting a break below then opens up the 126 region but I think many factors included in this set up including data which has a habit of messing with PA
Insane in the Brain..
  • #815,383
  • Mar 11, 2024 12:05pm Mar 11, 2024 12:05pm
Since posts about war are no longer allowed, because they get "hidden" mark, then let's stop talking about it!?

Easy does it...
  • #815,384
  • Mar 11, 2024 12:07pm Mar 11, 2024 12:07pm
Quoting Pat Chiko
{quote} GU Update on count. with structure. US dollah index filling up FVG {image} {image}
Hello PAT, thanks for the analysis, I see that your target is in line with the high of the month of February (in addition to the daily FVG), usually there is at least one rebound at these levels. Unfortunately my shorts have already been closed a little higher, basically due to lack of confidence in this operation.

All the best
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newbie
  • #815,385
  • Mar 11, 2024 12:19pm Mar 11, 2024 12:19pm
Quoting Coreg2004
{quote} birdland, this the best book IMO on action/reaction swing. I was required in the past to know many trading methods that I have not been using, but I still see them on the charts anyway. Google the subject before you decide to buy it.
when i was young i worked in a bookshop for trading&investment books. from that time i know a lot books and read them in and out;-)

but that i never heard of

great! thanx a lot for this tip, ill do my research then!
trading is like dancing, don't think and just listen to the music!
  • #815,386
  • Mar 11, 2024 12:20pm Mar 11, 2024 12:20pm
Quoting Pat Chiko
{quote} Those are limited in numbers. Coming in here hoping to get signal In real life they cannot trade at all. The best just post hindsight trade, where they copied from this thread. They create drama, serious traders do not. We (real traders) on the contrary look for solutions, in spite of their 0 flexibility and 0 empathy, and they cannot do anything better than complaining about the solutions we find, because theirs are "better", when they are not and they know it. So this is just about over controlling and over manipulating because of their...
Pat, I may sound inflexible, but I strongly believe that the trading business is I vs. machine. It's impossible to teach someone all possible scenarios that can occur on any chart within any time frame. If someone knows what to look for, this thread is good as a trade signal site. Many traders post the trade setups on time.
Always trade your own plan...I don't provide trading signals.
  • #815,387
  • Mar 11, 2024 12:24pm Mar 11, 2024 12:24pm
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E. and BP 5' ---- Longed both as shown. Risky story of course...SL s as shown.....

It s falling knifes catching......

  • #815,388
  • Mar 11, 2024 12:43pm Mar 11, 2024 12:43pm
Quoting luisinho
{quote} indeed .. he would do a favor to himself if he just shut up
No... you.

if you dont know history, and you only google it so dont talk about it.

but i dont wanna fight on politics, geo politics or religion.

i do have my position and it will be very useless to start. I will not change my position.
  • #815,389
  • Mar 11, 2024 12:50pm Mar 11, 2024 12:50pm
Nailed you mister dow
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yes yes yes
  • #815,390
  • Mar 11, 2024 12:52pm Mar 11, 2024 12:52pm
wow looks like DrDave has had a right slapping today..."merry atheist month", just made that up
  • #815,391
  • Mar 11, 2024 1:03pm Mar 11, 2024 1:03pm
Do not waste your time reading books and spend a pocket load to lose even more afterward. Trading is for dummies like me. If the monthly t/fframe is up trade in the direction of that. If the price retraces in the direction of the monthly open look at weekly opening prices and trade in the direction of the monthly candle. And so we go forth in the daily time frame and lower. Don't let anyone tell you that trading is for a select few who have master's degrees and so forth with fundamentals. Fundamentals play a role but are usually priced in on the longer term. This is what the players will never tell you. Trade price and go onto the next level of your trading career.
Cheers.
Trade to trade another day
  • #815,392
  • Mar 11, 2024 1:04pm Mar 11, 2024 1:04pm
a close below 2811 on daily gona give me a sell signal so ill be adding shorts in asia and london if that happens
short trump and go long the deepstate
  • #815,393
  • Mar 11, 2024 1:05pm Mar 11, 2024 1:05pm
Don't let anyone tell you anything ...even if they say " don't let anyone tell you"...
  • #815,394
  • Mar 11, 2024 1:09pm Mar 11, 2024 1:09pm
Quoting Waveskierrob
wow looks like DrDave has had a right slapping today..."merry atheist month", just made that up

theres only one religion and church and its this

https://en.wikipedia.org/wiki/Flying_Spaghetti_Monster
short trump and go long the deepstate
  • #815,395
  • Mar 11, 2024 1:13pm Mar 11, 2024 1:13pm
Bank cpi forecasts
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More time in the market, does not mean you trade better!
  • #815,396
  • Mar 11, 2024 1:14pm Mar 11, 2024 1:14pm
Quoting Zebi
{quote} what are you prepared to offer in return for those terms if theyd be agreed to?
Since when does the instigator of a war who is also committing war crimes get anything in return for surrendering?? What they get is a cessation of hostilities. Anything beyond that would be a gift from the people that were attacked by those aggressors.
To free Gazans of Hamas, use whatever it takes.
  • #815,397
  • Mar 11, 2024 1:17pm Mar 11, 2024 1:17pm
Dow Jones
There was 260 pts to grab there
This the indice chart
I am short now , price is at adr high zone
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yes yes yes
  • #815,398
  • Mar 11, 2024 1:18pm Mar 11, 2024 1:18pm
Quoting Fardeen1209
Bank cpi forecasts {image}
thanks

ramadan mubarak
  • #815,399
  • Mar 11, 2024 1:19pm Mar 11, 2024 1:19pm
Lets go GU drop some more lol Although it may want to test weekly R1
  • #815,400
  • Mar 11, 2024 1:19pm Mar 11, 2024 1:19pm
Quoting Waveskierrob
Don't let anyone tell you anything ...even if they say " don't let anyone tell you"...
ramadan kareem.

ramadan mybarak.

allah hu akbar
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