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Cable Update (GBPUSD)

  • #832,321
  • Jul 15, 2024 10:08am Jul 15, 2024 10:08am
Quoting ScalaFX
Gold one more time sell active 2419, will add higher till 2430
Yes! Overextended to 2434 my positions will be holding to 2300 and under SL 2455
People don't plan to lose. They lose because they don't plan.
  • #832,322
  • Jul 15, 2024 10:09am Jul 15, 2024 10:09am
Quoting Jackoboms
Is this market not over bought already ?
what the hell is over bought, seriously?
How to succeed in zero sum game?
  • #832,323
  • Jul 15, 2024 10:17am Jul 15, 2024 10:17am
OVERBOUGHT situation can last hours........days.....weeks......



  • #832,324
  • Jul 15, 2024 10:17am Jul 15, 2024 10:17am
Quoting ScalaFX
{quote} Yes! Overextended to 2434 my positions will be holding to 2300 and under SL 2455
i got my tps at 2450 and starting to sell from that high
How to succeed in zero sum game?
  • #832,325
  • Jul 15, 2024 10:18am Jul 15, 2024 10:18am
Quoting F.g
OVERBOUGHT situation can last hours........days.....weeks......
there is no such thing as overbought
How to succeed in zero sum game?
  • #832,326
  • Jul 15, 2024 10:21am Jul 15, 2024 10:21am
Quoting ScalaFX
{quote} 2300
still in this trade?
  • #832,327
  • Jul 15, 2024 10:21am Jul 15, 2024 10:21am
Quoting dempire1
{quote} what the hell is over bought, seriously?
"Overbought" a term to justify traders that want to take a SHORT position...
  • #832,328
  • Jul 15, 2024 10:24am Jul 15, 2024 10:24am
Quoting Fishbones
{quote} still in this trade?
yes Fishbones, I usually building net from positions splitting my lot, Gold is very volatile so patience is needed, this is not daytrade trade, I wonna see target till end of month
People don't plan to lose. They lose because they don't plan.
  • #832,329
  • Jul 15, 2024 10:24am Jul 15, 2024 10:24am
Quoting dempire1
{quote} i got my tps at 2450 and starting to sell from that high
Yes, this number can be printed, but I see that is max, if 2455 print my SL will be in place
People don't plan to lose. They lose because they don't plan.
  • #832,330
  • Jul 15, 2024 10:27am Jul 15, 2024 10:27am
Quoting Waveskierrob
{quote} "Overbought" a term to justify traders that want to take a SHORT position...
this is diplomatic answer. Real one would be “dumb”
How to succeed in zero sum game?
  • #832,331
  • Jul 15, 2024 10:29am Jul 15, 2024 10:29am
Quoting ScalaFX
{quote} Yes, this number can be printed, but I see that is max, if 2455 print my SL will be in place
seems reasonable. Powell incoming in 30 mins and last week profit taking with new high coming in. Should give enough pressure to sell off for some scalp at least.
How to succeed in zero sum game?
  • #832,332
  • Jul 15, 2024 10:32am Jul 15, 2024 10:32am
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 44 KB


E. and BP 5' --- I lift my SLs as shown. 1.09 02 in E. and 1.2976 in BP.

NOW...

  • #832,333
  • Jul 15, 2024 10:55am Jul 15, 2024 10:55am
Quoting dempire1
{quote} there is no such thing as overbought
There is bro
  • #832,334
  • Jul 15, 2024 10:56am Jul 15, 2024 10:56am
Quoting Jackoboms
{quote} There is bro
yea “trust me bro”
How to succeed in zero sum game?
  • #832,335
  • Jul 15, 2024 11:02am Jul 15, 2024 11:02am
Quoting Jackoboms
{quote} There is bro
Like every other indicator and it's interpretation overbought or sold also there and may subject to repaint or as in waves , extend near unlimited or uncertain times till end , but certainly end one time and rewind to other side. What I take overbought or sold situations!Take care
So logically nothing exist as such but we used gauge the marketing our ways , so all indicators came into existance to see how the price action or market is !

Anyway , waiting Powell speaks for next timing for spikes for last time today !
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #832,336
  • Jul 15, 2024 11:08am Jul 15, 2024 11:08am
Short at 1.2975
Sl : 1.2995
Tp : Open
-----------------------
  • #832,337
  • Jul 15, 2024 11:09am Jul 15, 2024 11:09am
Doubt Powell will say anything that affects the market.
Plus most likely the "rate cuts" rumor has already been priced in.
So I'm expecting corrections for today before any spike up tomorrow.
Exhausted
  • #832,338
  • Jul 15, 2024 11:09am Jul 15, 2024 11:09am
Quoting fontu
{quote} Like every other indicator and it's interpretation overbought or sold also there and may subject to repaint or as in waves , extend near unlimited or uncertain times till end , but certainly end one time and rewind to other side. What I take overbought or sold situations!Take care So logically nothing exist as such but we used gauge the marketing our ways , so all indicators came into existance to see how the price action or market is !
Overbought refers to a security which has been subject to a persistent upward pressure and that technical analysis suggests is due for a correction. The bullish trend may be due to positive news regarding the underlying company, industry or market in general. Buying pressure can feed on itself and lead to continued bullishness beyond what many traders consider reasonable. When this is the case, traders refer to the asset as overbought and many will bet on a reversal.

It's a term that exist and there is such thing as overbought.
  • #832,339
  • Jul 15, 2024 11:19am Jul 15, 2024 11:19am
Quoting Orand
Short at 1.2975 Sl : 1.2995 Tp : Open -----------------------
Bears waking up or pretending
  • #832,340
  • Jul 15, 2024 11:19am Jul 15, 2024 11:19am
Quoting Jackoboms
{quote} Overbought refers to a security which has been subject to a persistent upward pressure and that technical analysis suggests is due for a correction. The bullish trend may be due to positive news regarding the underlying company, industry or market in general. Buying pressure can feed on itself and lead to continued bullishness beyond what many traders consider reasonable. When this is the case, traders refer to the asset as overbought and many will bet on a reversal. It's a term that exist and there is such thing as overbought.

100 years ago traders didn't know overbought from a hole in the ground

its a stupid idea that indicator traders came up with to explain stochastics while trading intraday LOL

stock market bubbles are an example...theyre overbought but just keep on going and going up
short trump and go long the deepstate
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