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Cable Update (GBPUSD)

  • #827,481
  • May 30, 2024 5:12am May 30, 2024 5:12am
Quoting mturabkhan
{quote} experience pls answer to this i also want to know ..... is it really important to check DXY or FTSE to trade GU?
I use DXY only to see if there is any oddities between the 2. If for instance GBPUSD is rising and DXY is rising i say one of them is lying. 30m and up time frames looks similar however the 1-15 min timeframes can help scalp plays. At least thats how i look at it.
  • #827,482
  • May 30, 2024 5:15am May 30, 2024 5:15am
Quoting BeeTogether
{quote} I suppose a lot will depend on the data later. If it’s green we could see a move down to the below 12650 potentially by tomorrow
Hey bro, hope you been good?
You could be right. However, I would like to see another HIGH (1.280) or slightly above before any lows.
that being said, I am looking for a BUY trade on M1. We should see some Spike Lee soon.

Just my lousy opinion lol
Cheers
  • #827,483
  • May 30, 2024 5:16am May 30, 2024 5:16am
Quoting SmallGains
{quote} Yea ive been trying to find something i could correlate it with and wasnt finding anything. Its a wild ride. traded it yesterday for the first time was short at 200.134 and SL hit. Didnt get in again cuz didnt want to hold over night. Should have obviously but new to pair so experience is worth a little loss.
trading the GJ I hear is also called 'riding the dragon' , its not very easy but I find it quite fascinating. First thing I realized is stops have to a bit far due to volatility variance but it also gives very good moves. Most of the time it follows the GU especially during US news.

With good US data the UJ goes up but the GU goes down, GJ will most likely go down (appr 66% of the time)

I also had that trade on though I added when price went up. Still holding partials of that trade
I'm high on trading, cant you tell?
  • #827,484
  • May 30, 2024 5:22am May 30, 2024 5:22am
Quoting Moty
{quote} i changed it to "increase your equity by 30% every day" strategy {image}

You've laid out an impossible task Moty unless by some miracle you can accomplish this. Better to stick to small % gains per day and accept the days when the market is not in your favour and you go backwards.
When that happens within a very short amount of time your confidence can be shattered.
Mike Tyson "Everyone has a plan until they get punched in the face"
Don't Leave Money on the Table
  • #827,485
  • May 30, 2024 5:22am May 30, 2024 5:22am
Quoting JayBag
{quote} Hey bro, hope you been good? You could be right. However, I would like to see another HIGH (1.280) or slightly above before any lows. that being said, I am looking for a BUY trade on M1. We should see some Spike Lee soon. Just my lousy opinion lol Cheers
And got my Q
Let's see
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  • #827,486
  • May 30, 2024 5:24am May 30, 2024 5:24am
Shorted,
10 sl, 13 tp
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Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #827,487
  • May 30, 2024 5:25am May 30, 2024 5:25am
Quoting Sammih
{quote} trading the GJ I hear is also called 'riding the dragon' , its not very easy but I find it quite fascinating. First thing I realized is stops have to a bit far due to volatility variance but it also gives very good moves. Most of the time it follows the GU especially during US news. With good US data the UJ goes up but the GU goes down, GJ will most likely go down (appr 66% of the time) I also had that trade on though I added when price went up. Still holding partials of that trade

Riding the Dragon's Tail
Don't Leave Money on the Table
  • #827,488
  • May 30, 2024 5:28am May 30, 2024 5:28am
Quoting JayBag
{quote} And got my Q Let's see {image}
Good to see you alive
  • #827,489
  • May 30, 2024 5:28am May 30, 2024 5:28am
Come on mister mf
2 trades until now , r/r 7 pips sl , 15 pips tp
1 win
1 loss
Total profit 8 pips
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yes yes yes
  • #827,490
  • May 30, 2024 5:29am May 30, 2024 5:29am
Quoting Sammih
{quote} trading the GJ I hear is also called 'riding the dragon' , its not very easy but I find it quite fascinating. First thing I realized is stops have to a bit far due to volatility variance but it also gives very good moves. Most of the time it follows the GU especially during US news. With good US data the UJ goes up but the GU goes down, GJ will most likely go down (appr 66% of the time) I also had that trade on though I added when price went up. Still holding partials of that trade
Thank you for sharing this. Does seem like its due for some kinda correction as charts pretty wild looking with the stair stepping its done for days weeks and months with all being overbought.
  • #827,491
  • May 30, 2024 5:32am May 30, 2024 5:32am
Quoting Whale
{quote} Good to see you alive
Thanks bro. Feels good to be back ALIVE.
Cheers
  • #827,492
  • May 30, 2024 5:34am May 30, 2024 5:34am
Checking pa to ready for evening play again, continue bounce towards limit up for down 2745.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #827,493
  • May 30, 2024 5:41am May 30, 2024 5:41am
Quoting HaLBot
{quote} Riding the Dragon's Tail
That even more wild
I'm high on trading, cant you tell?
  • #827,494
  • May 30, 2024 5:42am May 30, 2024 5:42am
Quoting SmallGains
{quote} Thank you for sharing this. Does seem like its due for some kinda correction as charts pretty wild looking with the stair stepping its done for days weeks and months with all being overbought.
Yes, a correction is due. Price has bounced off these low sentiment levels consistently this year
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I'm high on trading, cant you tell?
  • #827,495
  • May 30, 2024 5:45am May 30, 2024 5:45am
Quoting Sammih
{quote} Yes, a correction is due. Price has bounced off these low sentiment levels consistently this year {image}

87% short? I'd ask 2 of my side chicks and community for funds to LONG it
  • #827,496
  • May 30, 2024 5:51am May 30, 2024 5:51am
Quoting Sammih
{quote} That weekly open could be a sweet shorting spot {image}
I currently have a short bias so im looking for sell opportunities. Will add sells to marked area...199.83
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I'm high on trading, cant you tell?
  • #827,497
  • May 30, 2024 5:53am May 30, 2024 5:53am
Quoting Sammih
{quote} Yes, a correction is due. Price has bounced off these low sentiment levels consistently this year {image}
when its that short I would say trends justified cuz they going to make money off it for a bit....however interested to watch and see when that trend of shorts vs long changes. When it does thats when i might hop on for a couple week hold. One of those short and forget it ones. Low amount so im not risking anything substantial. I think the risk to reward would be pretty good and what little amount you have in there could be worth quite a bit. But till then its a scalp play in my eyes.
  • #827,498
  • May 30, 2024 6:02am May 30, 2024 6:02am
Quoting JayBag
{quote} 87% short? I'd ask 2 of my side chicks and community for funds to LONG it
Yes had thi discussion with Georginson yesterday. He sees 201.5 as imminent but I said I would wait for new highs first. Also the sample size at FF is a bit small, look at myfxbook
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I'm high on trading, cant you tell?
  • #827,499
  • May 30, 2024 6:13am May 30, 2024 6:13am
There he is!

Took 3 attempts to catch him today, but we got there in the end
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Emotional Control. Process, not outcome.
  • #827,500
  • May 30, 2024 6:21am May 30, 2024 6:21am
Quoting Sammih
{quote} Yes had thi discussion with Georginson yesterday. He sees 201.5 as imminent but I said I would wait for new highs first. Also the sample size at FF is a bit small, look at myfxbook {image}
George is the GOAT. I have to agree with him on 201. I just viewed a naked chart on GJ, new highs are indeed imminent. Thing is, On GBP alone, I have this weekly bullish setup idea across board. Anyway, we can only speculate. Let's see how it all goes.

Cheers
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