Cable Update (GBPUSD) | Page 41143 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #822,841
  • Apr 23, 2024 7:20am Apr 23, 2024 7:20am
ok gentlemen..i just closed my longs from yesterday cause im not gona fook with usd news ...best to be safe
short trump and go long the deepstate
  • #822,842
  • Apr 23, 2024 7:21am Apr 23, 2024 7:21am
Quoting BeeTogether
So who set off the rocket? We’re up 20 pips in a blink
I keep telling you all bro 1.247 that's a support one the 4 hr timeframe that is where you will know the next direction when it hits that zone
  • #822,843
  • Apr 23, 2024 7:22am Apr 23, 2024 7:22am
Quoting Whatevs
{quote} We'll see..
You are correct - time will reveal the truth.

my stance is based on facts and history...

Your belief is based on....?
Attached Image (click to enlarge)
Click to Enlarge Name: there-never-was-much-hope-just-a-fools-hope-meme.jpg Size: 47 KB
  • #822,844
  • Apr 23, 2024 7:23am Apr 23, 2024 7:23am
Quoting Zebi
ok gentlemen..i just closed my longs from yesterday cause im not gona fook with usd news ...best to be safe
you closed the gbpjpy?
  • #822,845
  • Apr 23, 2024 7:25am Apr 23, 2024 7:25am
Quoting Godspromise
{quote} and you can be comfortable holding trades and maximizing profits wild lowering the amount of times you enter the market bigger profits less entry better trades
Exactly.
And it is the only way someone can stay with the winning side while trading GOLD and Indexes.
These securities donot require day trading, instead, enter the market like a scalper, but position for a swing trade.
like a scalper, you make use of Price and time to enter the market(positioning)
while Holding through the swing to magnify the Reward.

When i was reading Trade in the zone, M.D said, as the trade size of a trader increase, his margin of error get smaller and need more focused attention. He used a bridge over the grand Canyon to illustrate this scenario.
This reminds me what i have read from Market Wizards. A 1970s floor trader (today hedge funds billionaire) explained that back in his floor trading days, he was young and older traders in his cabinet will always encourage the young traders to close their trade at the end of the day. But then he realised what he was doing, was completely wrong.
He explained why it is important to use intrady setup to position for a swing trade.

I'm not going to give it away, read this 2 books for sure we have a lot to learn from them
More time in the market, does not mean you trade better!
  • #822,846
  • Apr 23, 2024 7:27am Apr 23, 2024 7:27am
Quoting Pat Chiko
{quote} GOLD Trading gold (XAUUSD) can be highly volatile, with price swings that can move swiftly by 50-100 pips or more. This kind of volatility can lead to significant gains but also substantial losses. I'm still holding my LONG, but at reduce leverage. Leverage Wisely: Leverage can amplify gains, but it can also magnify losses. Use it sparingly, especially with volatile assets like gold. Remember Bro, trading gold requires caution and a well-thought-out strategy.{image}

Holla G ,
I knew i should have held..
Selling signals?
Tbh , where you live atm? Im planning my trips for the summer
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #822,847
  • Apr 23, 2024 7:28am Apr 23, 2024 7:28am
Quoting eyefeelsix
{quote} stop-out and re-entry with limit order {image}
Bro, looking at the same level as a possible R. That would also be a 100 pips pump for a dump maybe
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1HH.png Size: 12 KB
  • #822,848
  • Apr 23, 2024 7:29am Apr 23, 2024 7:29am
Quoting Godspromise
{quote} you closed the gbpjpy?

everything..dont want to give back on retraces

it could still go up and I may get back into longs just protecting profits
short trump and go long the deepstate
  • #822,849
  • Apr 23, 2024 7:30am Apr 23, 2024 7:30am
Quoting fx6996
{quote} You are correct - time will reveal the truth. my stance is based on facts and history... Your belief is based on....?{image}
Understanding that the CBs have to continue inflating the system and provide easy money, so the stocks don't collapse before presidential selection in US.
CBs are working hard to destroy their currency and completely devaluate it to implement a new system based on the CBDC.

Everything sounds like a conspiracy theory until proven true.
  • #822,850
  • Apr 23, 2024 7:31am Apr 23, 2024 7:31am
Quoting Fardeen1209
{quote} If someone really sit back and ponder, multi timeframe market structure analysis, SnR, SnD, FVG, Inducement(Turtle Soup) and Elliot wave analysis with Fibonacci ratios, All work together and you can point out the direction. On top of that, if you have access to economists preview and forecasts to work with economic data, you have an edge.
that combined information is the grail right? I’d be on the beach with that sipping on my Long Island Ice Tea
Insane in the Brain..
  • #822,851
  • Apr 23, 2024 7:33am Apr 23, 2024 7:33am
Quoting Godspromise
{quote} I keep telling you all bro 1.247 that's a support one the 4 hr timeframe that is where you will know the next direction when it hits that zone
12470 will be very welcome news lol. Means my hit will be at only the profits from the data a couple of weeks ago.
Insane in the Brain..
  • #822,852
  • Apr 23, 2024 7:38am Apr 23, 2024 7:38am
Quoting BeeTogether
{quote} that combined information is the grail right? I’d be on the beach with that sipping on my Long Island Ice Tea
I'd not say the grail, but an edge.
Because there are time even though all these combined, you see price do not respect any of these tools.

If someone whether from trading industry or other industry asked me what is the grail in trading?

It is the ability to take loss and accept the loss and move on to the next trade.
Because the machine here is the trader himself.
He will be the one to take decision, execute the trade, hold the trade, take the win and/or take the loss. and move on to the next trade.

If the losses are inevitable, when price hits invalidation level, you took the small controllable costs of doing business (losses). You dont hold then later hope.
More time in the market, does not mean you trade better!
  • #822,853
  • Apr 23, 2024 7:39am Apr 23, 2024 7:39am
trying something new: [email protected] TP +20
trading is like dancing, don't think and just listen to the music!
  • #822,854
  • Apr 23, 2024 7:39am Apr 23, 2024 7:39am
Quoting Zebi
{quote} everything..dont want to give back on retraces it could still go up and I may get back into longs just protecting profits
I understand bro I'm gonna hold out until 8:15 well it depends how far the profits are I dont really trust the us data it might be strong
  • #822,855
  • Apr 23, 2024 7:39am Apr 23, 2024 7:39am
side of the square now acts as resistance
Attached Image (click to enlarge)
Click to Enlarge Name: GBPA.gif Size: 23 KB
  • #822,856
  • Apr 23, 2024 7:42am Apr 23, 2024 7:42am
Quoting Zebi
i got a target of 2457 thats got to be met come hell or high water either before london news events or during with a spike
I still have that target but was just a bit too optimistic about when it was gonna hit LOL

so when I went to bed I thot to myself the brits don't have the balls to jam price up that high so quickly LOL but the merikans can

ill jump back into longs after the PMI numbers later if they bad otherwise it will be a slower slog back to 2457 that may take a couple more days
short trump and go long the deepstate
  • #822,857
  • Apr 23, 2024 7:52am Apr 23, 2024 7:52am
I gotta feelin'... wee hee

That today's gonna be a good drop
That the Bank of Japan will drop a boooomb
That the traders going long
Are gonna regret their life and their dre-ams woo hoo
  • #822,858
  • Apr 23, 2024 7:53am Apr 23, 2024 7:53am
Quoting Whatevs
I gotta feelin'... wee hee That today's gonna be a good drop That the Bank of Japan will drop a boooomb That the traders going long Are gonna regret their life and their dre-ams woo hoo
hope it works for you bro
  • #822,859
  • Apr 23, 2024 7:53am Apr 23, 2024 7:53am
Quoting Whatevs
I gotta feelin'... wee hee That today's gonna be a good drop That the Bank of Japan will drop a boooomb That the traders going long Are gonna regret their life and their dre-ams woo hoo

Now you've done it m8
Prime Fergie was bloody Hot.....maybe she still is
Inserted Video
Don't Leave Money on the Table
  • #822,860
  • Apr 23, 2024 7:54am Apr 23, 2024 7:54am
Quoting Godspromise
{quote} hope it works for you bro
Thank you, thank you
Far too kind!
1,042 traders viewing now