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Cable Update (GBPUSD)

  • #829,101
  • Jun 11, 2024 6:07pm Jun 11, 2024 6:07pm
Quoting Fardeen1209
{quote} Number of philosopher in this thread Number of consistent trader
Actually...

Number of philosophers in this thread
Number of comedians and piss takers in this thread
Number of consistent traders in this thread

Don't forget that loosing money every day is also a consistent activity
Emotional Control. Process, not outcome.
  • #829,102
  • Jun 11, 2024 7:56pm Jun 11, 2024 7:56pm
Quoting Sammih
{quote} Green area today will have a great rr for longing {image}
Will now change to short bias if price hits the area previously marked green. Now the area is a strong sell zone and marked red. I have therefore added longs at market with the area as sl
also moved previous sl's to the area
Attached Image (click to enlarge)
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I'm high on trading, cant you tell?
  • #829,103
  • Jun 11, 2024 8:32pm Jun 11, 2024 8:32pm
Quoting Theoak
{quote} How's the holy grail?
Hey wizard
You meant the separate thread I opened weeks ago on my holy grail?
Delighted to inform that there has been positive development, I brought my holy grail to next level recently, got much better return and lower DD.
Serious money should be made in the coming months that I can finally realize my early retirement dream before 30, I'm just in time, I'm 29 right now.
Can't wait to post my result after accumulated enough performance history data worth 12 months.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 57.8%
  • #829,104
  • Jun 11, 2024 9:06pm Jun 11, 2024 9:06pm
watchout 1.2742/1.27465 .

why ?

This is important for short traders in asia / LO.

I am short and my stop 1.27465
Intraday only.
  • #829,105
  • Jun 11, 2024 9:40pm Jun 11, 2024 9:40pm
Quoting Fardeen1209
{quote} Number of philosopher in this thread Number of consistent trader
  • #829,106
  • Jun 11, 2024 9:51pm Jun 11, 2024 9:51pm
Quoting Konichiwhaat
{quote} Actually... Number of philosophers in this thread Number of comedians and piss takers in this thread Number of consistent traders in this thread Don't forget that loosing money every day is also a consistent activity
Very deep Kon. Is that a Shinto thing.
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  • #829,107
  • Jun 11, 2024 9:52pm Jun 11, 2024 9:52pm
Currently no open trade in GU but here's what i see.
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  • #829,108
  • Jun 11, 2024 9:58pm Jun 11, 2024 9:58pm
Quoting navk
watchout 1.2742/1.27465 . why ? This is important for short traders in asia / LO. I am short and my stop 1.27465
From what I see, after the drop from NFP last week and drop from red news yesterday, GU seems unwilling to continue further lower, the selloff meet with rebound to upside, right now it resembles double/triple V bottom formation in 1h chart.

As long as 1.26861 is not breached, it shows as Long bias on my side.
Do you see it at least go up first before continue downward?
I have positions on both sides, currently have imbalance of more Buys than Sells, so currently I much favor upside first to hit my Sell orders up there, then I don't care if GU crashes down after I loaded up Shorts at the today's daily fair price.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 57.8%
  • #829,109
  • Jun 11, 2024 10:05pm Jun 11, 2024 10:05pm
Quoting mallee
{quote} Very deep Kon. Is that a Shinto thing.{image}
haha, nice! No, just a me going blah blah thing

Just checked in, I see AU and UCAD about to break out. That should drive GU up a little
Emotional Control. Process, not outcome.
  • #829,110
  • Jun 11, 2024 10:23pm Jun 11, 2024 10:23pm
Quoting Reverso
{quote} From what I see, after the drop from NFP last week and drop from red news yesterday, GU seems unwilling to continue further lower, the selloff meet with rebound to upside, right now it resembles double/triple V bottom formation in 1h chart. As long as 1.26861 is not breached, it shows as Long bias on my side. Do you see it at least go up first before continue downward? I have positions on both sides, currently have imbalance of more Buys than Sells, so currently I much favor upside first to hit my Sell orders up there, then I don't care...
yes.

possible

Better to protect the account with stop loss
Intraday only.
  • #829,111
  • Jun 11, 2024 10:36pm Jun 11, 2024 10:36pm
Quoting navk
watchout 1.2742/1.27465 . why ? This is important for short traders in asia / LO. I am short and my stop 1.27465
stop got hit
Intraday only.
  • #829,112
  • Edited 10:55pm Jun 11, 2024 10:42pm | Edited 10:55pm
Usdx Pullback to bullback intervention possible with high impact news today ! And maximum shakeout can be gbpusd as still at top and even may have new high! So high to new low possible . May minimum 2760 to 2640-120pips ! Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #829,113
  • Jun 11, 2024 11:25pm Jun 11, 2024 11:25pm
Attached Image (click to enlarge)
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yes yes yes
  • #829,114
  • Jun 11, 2024 11:57pm Jun 11, 2024 11:57pm
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yes yes yes
  • #829,115
  • Jun 12, 2024 12:05am Jun 12, 2024 12:05am
how does this pattern play out mostly people?
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I'm high on trading, cant you tell?
  • #829,116
  • Jun 12, 2024 12:09am Jun 12, 2024 12:09am
People buying this today and those selling UC, I'd like to see what they are seeing.
  • #829,117
  • Jun 12, 2024 12:13am Jun 12, 2024 12:13am
Quoting Fardeen1209
US500 Not looking good for buyers, shits about to get real Weekly (Zoomout) {image} The minimum Yearly Trend APP (alternate price projection- an advanced way of placing fib level using the length of prior wave) has been met, denoted by 5. Given Wave 3 was already an extensive one. So 0.618 of 0-3, becomes the minimum target of 5. The minimum Monthly Trend APP already exceeds the upper-limit of the level that frequently end wave 5. Weekly (Closed up){image} Wave 3 is already an extensive wave, so the minimum target for W.5 becomes 0.382 of...
US500 update,
This is why you wait for setup to appear,
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I might went short, but only to find out price are moving against me later.
One of the reason i didnt went short, is the Fall of NFP is met with high buying pressure (aka mean reversion).

The rule is simple, no setup no trade!

I was reading that there is a possibility for CPI headline to come in flat, while some weakness in the CPI component, like rent.

I have 2 trade that will account for the weak cpi, Gold longs, and Nas100 swing.

Let hope for the best and prepare for the worst
More time in the market, does not mean you trade better!
  • #829,118
  • Jun 12, 2024 12:20am Jun 12, 2024 12:20am
Quoting Mitiblotch
People buying this today and those selling UC, I'd like to see what they are seeing.
i can understand why people buying GU..

but selling UC? Strange.
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  • #829,119
  • Jun 12, 2024 12:34am Jun 12, 2024 12:34am
GU most probable movement, in my opinion. Very low forecast for UK GDP at 0.00. Green data should give us a spike up, then we flog it down the rest of the day.
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  • #829,120
  • Jun 12, 2024 12:50am Jun 12, 2024 12:50am
Quoting Whale
{quote} i can understand why people buying GU.. but selling UC? Strange. {image}
I'm short GU and will hold through FOMC. However, I preempt GU GDP data to be green. Just bought 10 lots here at 2744. TP 2764. SL 2723. Risk, risky trade. I need some adrenaline this morning. I hope this trade doesn't make me grumpy today
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