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Cable Update (GBPUSD)

  • #829,181
  • Jun 12, 2024 6:45am Jun 12, 2024 6:45am
Quoting BeeTogether
CPI in less than an hour any sign of weakness and FOMC could be a rocket towards 129-130
If Cpi print loweer than expected, 128500 is possible for a Daily close.
Given we are already coming from a HL
More time in the market, does not mean you trade better!
  • #829,182
  • Jun 12, 2024 6:51am Jun 12, 2024 6:51am
Data Will be printed Weak/Mixed hopefully
  • #829,183
  • Jun 12, 2024 6:51am Jun 12, 2024 6:51am
Quoting Fardeen1209
{quote} If Cpi print loweer than expected, 128500 is possible for a Daily close. Given we are already coming from a HL
I’d be surprised if it is not higher..?
Insane in the Brain..
  • #829,184
  • Jun 12, 2024 6:53am Jun 12, 2024 6:53am
Quoting BeeTogether
{quote} I’d be surprised if it is not higher..?
I'm hoping it is not higher
I am very well position on my Gold Longs, even if CPi come to stopped me out, SL is already +ve, with partial taken
More time in the market, does not mean you trade better!
  • #829,185
  • Jun 12, 2024 7:01am Jun 12, 2024 7:01am
Quoting trumps
I haven't forgotten this spot down below from a while ago. My only hope https://youtu.be/zGwszApFEcY {image}
Or maybe there is another saviour
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Compulsions can be hard to resist
  • #829,186
  • Jun 12, 2024 7:14am Jun 12, 2024 7:14am
Quoting Fardeen1209
{quote} If Cpi print loweer than expected, 128500 is possible for a Daily close. Given we are already coming from a HL
Rule no. 1 is trading,
Fuck trade with the trend. Trend is indeed your friend, but a trader must know you may be trading with the trend, but stilll losing money!
So what to do to reduce probability of being caught on the wrong side, getting with the trend too soon/too late, majority of the time.
You must understand, trading means you will not be correct 100% of the time, but as long as you are right 50% + of the time, with good reward to risk per trade, the money starts flowing in.

The thing i understood, is price follow the structure, by price; i mean it discounts news trading. Will You get it wrong? Yes, but majority of the time? Guess Not.
Following structure increase your probability of win.
Understanding Multi-timeframe market structure, will be you "Ah-hah" moment.
Attached Image (click to enlarge)
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GU whichever come first, buy or sell. If Price fall a MSS on daily structure is produced, changing the course for GU in the coming weeks.
Always note your swing high/low of the previous swing by an arrow, so you can plan according, when price approach these level
More time in the market, does not mean you trade better!
  • #829,187
  • Jun 12, 2024 7:16am Jun 12, 2024 7:16am
Attached Image (click to enlarge)
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yes yes yes
  • #829,188
  • Jun 12, 2024 7:20am Jun 12, 2024 7:20am
Quoting Konichiwhaat
{quote} 3 hours before I shut this trade down before CPI data release, regardless of where its at. Come on little fella, give us just a little more!
OK shutting this puppy down before the CPI madness. Another nice result. And just for shits and giggles, I will leave the lid off of the day trade, just to see what happens... naughty naughty
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Emotional Control. Process, not outcome.
  • #829,189
  • Jun 12, 2024 7:29am Jun 12, 2024 7:29am
Buyers prepare to hand me your money. Lol..
  • #829,190
  • Jun 12, 2024 7:30am Jun 12, 2024 7:30am
Quoting Mitiblotch
Buyers prepare to hand me your money. Lol..
...yauch!
Emotional Control. Process, not outcome.
  • #829,191
  • Jun 12, 2024 7:30am Jun 12, 2024 7:30am
Quoting Mitiblotch
Buyers prepare to hand me your money. Lol..
Not today
More time in the market, does not mean you trade better!
  • #829,192
  • Jun 12, 2024 7:32am Jun 12, 2024 7:32am
lol
Attached Image (click to enlarge)
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Emotional Control. Process, not outcome.
  • #829,193
  • Jun 12, 2024 7:32am Jun 12, 2024 7:32am
Sellers
With courage, patience, and discipline, success is a matter of time.
  • #829,194
  • Jun 12, 2024 7:32am Jun 12, 2024 7:32am
Fomc is gonna be interesting , data a miss today
Insane in the Brain..
  • #829,195
  • Jun 12, 2024 7:33am Jun 12, 2024 7:33am
short @ 1.2838
tp still ~ 1.26
Air force
  • #829,196
  • Jun 12, 2024 7:34am Jun 12, 2024 7:34am
Quoting Fardeen1209
{quote} Rule no. 1 is trading, Fuck trade with the trend. Trend is indeed your friend, but a trader must know you may be trading with the trend, but stilll losing money! So what to do to reduce probability of being caught on the wrong side, getting with the trend too soon/too late, majority of the time. You must understand, trading means you will not be correct 100% of the time, but as long as you are right 50% + of the time, with good reward to risk per trade, the money starts flowing in. The thing i understood, is price follow the structure, by...
Your welcome.
Btw i'm not yet 24, my trading strategy is a mixed of what i 've learn from Pat And Mr Coreg.
I mixed the multi-timeframe market structure (learn from PAT) and EW (learn from Mr Coreg) together.
Even tho they do not teach, but their chart can be used as a guidance that stored the knowledge they have accumulated over all these years.
More time in the market, does not mean you trade better!
  • #829,197
  • Jun 12, 2024 7:34am Jun 12, 2024 7:34am
Gold BE GU BE hit all, starting now one more time, better prices 2842 will add
People don't plan to lose. They lose because they don't plan.
  • #829,198
  • Jun 12, 2024 7:35am Jun 12, 2024 7:35am
Quoting fxted
Added buy. Conservative tp at 2327. {image}
Early close.
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  • #829,199
  • Jun 12, 2024 7:37am Jun 12, 2024 7:37am
Quoting Mitiblotch
Buyers prepare to hand me your money. Lol..
I'm high on trading, cant you tell?
  • #829,200
  • Jun 12, 2024 7:38am Jun 12, 2024 7:38am
Is FOMC is dovish it’s 130 this week. Will re enter shorts at 130 if that’s the case. In the mean time , just waiting
Insane in the Brain..
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