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Cable Update (GBPUSD)

  • #832,601
  • Jul 17, 2024 5:49am Jul 17, 2024 5:49am
Anyone still holding short?
  • #832,602
  • Jul 17, 2024 6:02am Jul 17, 2024 6:02am
Quoting Georginson
Sold GU 1.3022... target 1.2922.. stop 1.3060.
Closed - 10pips... This bullish run can easily attack 1.31 today or tomorrow.
Data + Stat + Risk/Emotions Management
  • #832,603
  • Jul 17, 2024 6:21am Jul 17, 2024 6:21am
Quoting Jackoboms
Anyone still holding short?
me but I will look to take a hit and start long around todays opening area if we get there
Insane in the Brain..
  • #832,604
  • Jul 17, 2024 6:28am Jul 17, 2024 6:28am
caught 23 pips on that move up this morning.
Exited too early it turned out but im happy with the result.

2dn entry of the day @1.30384
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in wondering about yourself, you forgot what you came here to be part of
  • #832,605
  • Jul 17, 2024 6:37am Jul 17, 2024 6:37am
Quoting Georginson
{quote} Closed - 10pips... This bullish run can easily attack 1.31 today or tomorrow.
you could have waited and allow it attack 3051 before closing. Your sell call is still valid regardless
  • #832,606
  • Jul 17, 2024 6:42am Jul 17, 2024 6:42am
Us dollar is definitely tanking rate cut on the horizon maybe sooner than September feels like they have already decided... betting against the US currency when the price action starts to show gbpusd shifting to a definite uptrend.. trend is your friend
  • #832,607
  • Jul 17, 2024 6:47am Jul 17, 2024 6:47am
So I've finally become a break even trader I have turn 20 dollars into a 1000 4 times albit i become a bit arrogant and added a bit too many trades lost it all that feeling of despair isn't there anymore because I've become skilled in risk management and understand that trading is all about probabilities so now I have become focus and believe I will finish the 20 dollars to 50k challenge before this year ends..
  • #832,608
  • Jul 17, 2024 6:56am Jul 17, 2024 6:56am
Quoting Georginson
{quote} Closed - 10pips... This bullish run can easily attack 1.31 today or tomorrow.
good Decision its going more than 1.31
  • #832,609
  • Jul 17, 2024 7:11am Jul 17, 2024 7:11am
[quote=mturabkhan;14934461]its extended 5th wave, it will end at 1.3200~1.3222 according to Daily.... 1.3072 as per H4
  • #832,610
  • Jul 17, 2024 7:14am Jul 17, 2024 7:14am
I thought its overbought?
How to succeed in zero sum game?
  • #832,611
  • Jul 17, 2024 7:25am Jul 17, 2024 7:25am
Quoting Pat Chiko
GU Two correction to choose from. Both look cools {image} {image}
Correction waves mode 1 (15th July)
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Completed three waves correction today
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Next potential correction

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wait for structure shift

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #832,612
  • Jul 17, 2024 7:32am Jul 17, 2024 7:32am
What's more important win rate or risk reward?
  • #832,613
  • Jul 17, 2024 7:34am Jul 17, 2024 7:34am
Quoting dempire1
I thought its overbought?
technically the move up has been. Looking at it from a move to data perspective, we haven’t seen anything that could cause the move up to this severe, in a space of 2 weeks we have a move of 400 pips without a hint of a correction. The UK election was already priced in, what hasn’t helped is the talk of a cut in the US rate and not one in the UK. This is fuel to the fire.
Insane in the Brain..
  • #832,614
  • Jul 17, 2024 7:37am Jul 17, 2024 7:37am
Quoting dempire1
I thought its overbought?
Overbought doesn't mean it cant extend. An understanding of the definition will make you react appropriately.

Seems the problem here is understanding of the definition and not the word itself.
  • #832,615
  • Jul 17, 2024 7:40am Jul 17, 2024 7:40am
Quoting Jackoboms
{quote} Overbought doesn't mean it cant extend. An understanding of the definition will make you react appropriately. Seems the problem here is understanding of the definition and not the word itself.
one of my issues with that term is over bought when will it be considered a change of direction so now overbought becomes a uptrend
  • #832,616
  • Jul 17, 2024 7:40am Jul 17, 2024 7:40am
Quoting Godspromise
What's more important win rate or risk reward?
My 2cents newbie view.

Focus on what you can control:
while you can't predict the forex market or macro-economic trends,
you can control your risk.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #832,617
  • Jul 17, 2024 7:43am Jul 17, 2024 7:43am
Checking pa now !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #832,618
  • Jul 17, 2024 7:52am Jul 17, 2024 7:52am
Quoting BeeTogether
{quote} technically the move up has been. Looking at it from a move to data perspective, we haven’t seen anything that could cause the move up to this severe, in a space of 2 weeks we have a move of 400 pips without a hint of a correction. The UK election was already priced in, what hasn’t helped is the talk of a cut in the US rate and not one in the UK. This is fuel to the fire.
We are at the same 400 pips of last year at the same time almost copy-paste
https://t.me/biogoldscalper
  • #832,619
  • Jul 17, 2024 7:56am Jul 17, 2024 7:56am
Quoting Godspromise
What's more important win rate or risk reward?
profit factor is most important for me
trading is like dancing, don't think and just listen to the music!
  • #832,620
  • Jul 17, 2024 8:15am Jul 17, 2024 8:15am
Quoting Godspromise
What's more important win rate or risk reward?
Risk Reward is love, Risk Reward is life
With courage, patience, and discipline, success is a matter of time.
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