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Cable Update (GBPUSD)

  • #818,121
  • Mar 21, 2024 10:52am Mar 21, 2024 10:52am
Quoting eyefeelsix
{quote} My prey is getting cornered {image}

I'm not overly excited or euphoric after achieving the Goal What matters most is what I will do afterward


#atm buy@current price

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https://breakpullback.com
  • #818,122
  • Mar 21, 2024 10:53am Mar 21, 2024 10:53am
Quoting smtchris71
Blew my account today. So pathetic.
It's ok bud, we all did it. Keep the losses small though, like blow a few hundred bucks. Don't blow thousands in one go. So that it won't cause much stress. Other than that it's totally fine.
You have to have an IQ higher than 90 to interact with this user.
  • #818,123
  • Mar 21, 2024 10:59am Mar 21, 2024 10:59am
Quoting GusParker
What a Hapless Cunt I am. Prognosis generally correct. Decision making, FUCKING SHOCKINGLY BAD. {image} More interested in NOT losing, than actual winning. It's a big problem. (Scratched trade, was a full sized position. Losing trade, half a position. But losing trade was against my bias based on where I believed the market needed to go as per my maximal cynicism outlook).
So, it seems like your initial entry wasn't all that great, putting you in a bit of a tough spot where sticking with the trade felt like a mental slog. I'm not even sure if you had a stop loss in place, but if you did, it might have been set too wide. So, when the trade finally came back around to your entry point, it was probably a huge relief, letting you off the hook from dealing with that drawdown stress.
Oh, and by the way, if you haven't already, you should definitely set up a trading plan and actually stick to it. Having a plan gives you confidence in your trades, and without that confidence, it's hard to hold onto them when things get shaky.

This is just my assumption based on the little you said... of course you can also completely discard it, if you think its wrong!
The subconscious mind is in control, not the conscious mind.
  • #818,124
  • Mar 21, 2024 11:01am Mar 21, 2024 11:01am
Quoting Luxyus
{quote} Absolutely agree. This month cable, like most of majors seems very hard to trade. I ve found a treasure going long on swissie at the end of the year, considering a monthly bottom reached on my system. With multiple entry from .8371 to .8476 i think to have done the best choice. Furthermore, future DX contract expiring on march after these to weeks shows bulls in full control. So the recipe the strongest vs the weakest never disappoints.
lovely, lovely swissie. 3 months and closed ...well i ll let u wonder the pips looted.
chaos is just unknown order
  • #818,125
  • Mar 21, 2024 11:02am Mar 21, 2024 11:02am
Quoting TraderFX.Id
Cable Daily lower bands 2610 target for today or tomorrow. I will hold GJ for target H4 lowerbands 190 {quote} Thanks ur analysis makes me more confidence to short today,
  • #818,126
  • Mar 21, 2024 11:04am Mar 21, 2024 11:04am
Retail Sales, Euro Summit and Powell tomorrow. Should be some play and it's time to conclude this WILD week.

Meanwhile, USD/JPY very close to provoking Japan's intervention.

USD/JPY could hit all SLs above 152 before intervention takes place and probably will.
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  • #818,127
  • Mar 21, 2024 11:05am Mar 21, 2024 11:05am
Quoting Nordling
{quote} It's ok bud, we all did it. Keep the losses small though, like blow a few hundred bucks. Don't blow thousands in one go. So that it won't cause much stress. Other than that it's totally fine.
Fomc im burn 3K in hours,, really stressfully
dont teach me how to buy. im sellers!!
  • #818,128
  • Mar 21, 2024 11:07am Mar 21, 2024 11:07am
this is for beginners cause i feel foolish pointing something so obvious to the great experienced traders in here

if youre not so good visualizing and drawing support resistance levels or targets just use ADR on your charts till you get better

the weekly range low is 2650 and monthly still lower at 2600

its easy peasy gentlemen

so if you must be a doofus and go long atleast wait for price to get closer to 2650
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short trump and go long the deepstate
  • #818,129
  • Mar 21, 2024 11:07am Mar 21, 2024 11:07am
Quoting Nordling
{quote} It's ok bud, we all did it. Keep the losses small though, like blow a few hundred bucks. Don't blow thousands in one go. So that it won't cause much stress. Other than that it's totally fine.
Nordling,


Current massive bear moves...
Come to think of the plot, what's going on with GBP/USD after the BoE rate announcement?
The Fed currently boasts a higher interest rate than the BoE...

The market's attention is fixated on who will make the first cut.
So far, the swap markets have placed their bets on the Fed moving first in June, followed by the Bank of England in August.
That was the original plan.
However, today the Bank of England decided to expedite the rate cut to June, aligning with the Fed.

This has triggered a scramble for USD in the market.
Additionally, the BoE delivered a dovish twist to its forward guidance and general communication.
This marks a significant initial step towards an eventual cutting cycle.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #818,130
  • Mar 21, 2024 11:14am Mar 21, 2024 11:14am
Quoting Zebi
this is for beginners cause i feel foolish pointing something so obvious to the great experienced traders in here if youre not so good visualizing and drawing support resistance levels or targets just use ADR on your charts till you get better the weekly range low is 2650 and monthly still lower at 2600 its easy peasy gentlemen so if you must be a doofus and go long atleast wait for price to get closer to 2650 {image}
______________=
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Don’t focus on making $$$, focus on protecting what you have.
  • #818,131
  • Mar 21, 2024 11:15am Mar 21, 2024 11:15am
Quoting Waveskierrob
{quote} earnt yourself a badge of honour, we've all been there, probably not nubcake cake as he is brilliant.... {image}

Last night, I had this wild dream of a Bull Cycle.
But then, I blinked and there it was - a bull riding a motorcycle straight to the slaughterhouse!
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Im going to pee again, my bladder about to burst.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #818,132
  • Mar 21, 2024 11:16am Mar 21, 2024 11:16am
Quoting Jade Gate
Top Ten Tips for Forex Success For the newbies (and anyone else that needs reminding or a kick up the pants ). This article was first published on FF in 2012, then published in the Forex Journal operating out of Singapore to an international audience. Top Ten Tips for Forex Success – Part 1 Published on Wednesday, 17 October 2012 21:45 Jade Gate Articles (12) Have you ever wondered how the elite group of successful Forex traders got to be that way – successful and highly profitable? Do you think you have what it takes to join the club? Can...

Lemme give you the 20th like! Haha
  • #818,133
  • Mar 21, 2024 11:21am Mar 21, 2024 11:21am
Quoting Algomap
Shorting incoming, i'm balls short already have been since Asia open
It seems you're okay! Actually, more than okay...
  • #818,134
  • Mar 21, 2024 11:24am Mar 21, 2024 11:24am
Quoting Whatevs
{quote} Lemme give you the 20th like! Haha

you really found that article worthwhile?

its full of cliches and useless platitudes every trading book has printed a million times over LOL

the ADR example will make more money for people than anything written in that LOL
short trump and go long the deepstate
  • #818,135
  • Mar 21, 2024 11:29am Mar 21, 2024 11:29am
Quoting Zebi
this is for beginners cause i feel foolish pointing something so obvious to the great experienced traders in here if youre not so good visualizing and drawing support resistance levels or targets just use ADR on your charts till you get better the weekly range low is 2650 and monthly still lower at 2600 its easy peasy gentlemen so if you must be a doofus and go long atleast wait for price to get closer to 2650 {image}
I believe 1.26 1.265 is for early enters with stoploss below 1.26 for the bounce up gbpjpy still falling so the gbp is bleeding heavily I think it's going to 190 before bouncing up so gbpusd 1.26 is fair to say for bounce to 1.27
  • #818,136
  • Mar 21, 2024 11:30am Mar 21, 2024 11:30am
Quoting Zebi
this is for beginners cause i feel foolish pointing something so obvious to the great experienced traders in here if youre not so good visualizing and drawing support resistance levels or targets just use ADR on your charts till you get better the weekly range low is 2650 and monthly still lower at 2600 its easy peasy gentlemen so if you must be a doofus and go long atleast wait for price to get closer to 2650 {image}
Gratitude, Master.
Without your guidance, we, humble novice Traders, would be lost at sea.
The subconscious mind is in control, not the conscious mind.
  • #818,137
  • Mar 21, 2024 11:31am Mar 21, 2024 11:31am
Drop mf
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yes yes yes
  • #818,138
  • Mar 21, 2024 11:35am Mar 21, 2024 11:35am
Quoting UST
{quote} Gratitude, Master. Without your guidance, we, humble novice Traders, would be lost at sea.

if youre being sarcastic than thats ok but if youre serious please take that back LOL... the more people that agree means in all likelihood im wrong
short trump and go long the deepstate
  • #818,139
  • Mar 21, 2024 11:37am Mar 21, 2024 11:37am
Quoting Pat Chiko
{quote} Majority SHORT. I follow the majority...... herds mentality{image}
https://forexclientsentiment.com/instrument/gbp-usd

Yesterday, GBP/USD 51% of retail Long, today 58% Long... price DOWN.
  • #818,140
  • Mar 21, 2024 11:44am Mar 21, 2024 11:44am
Quoting Pat Chiko
{quote} Last night, I had this wild dream of a Bull Cycle. But then, I blinked and there it was - a bull riding a motorcycle straight to the slaughterhouse!{image} Im going to pee again, my bladder about to burst.
Sent this to Maheeee this morning ...it's his birthday...
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