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Cable Update (GBPUSD)

  • #836,181
  • Aug 23, 2024 10:02am Aug 23, 2024 10:02am
buy usd
  • #836,182
  • Aug 23, 2024 10:03am Aug 23, 2024 10:03am
Quoting JameRomeo168
{quote} Bruh Some sellers short without stop loss are already panic enough right now, do you have to add more?
calli'n Moty, the marging call trader..no sl at all
  • #836,183
  • Aug 23, 2024 10:03am Aug 23, 2024 10:03am
Quoting donfriday
{quote} I am not a swing trader.. i just trade and position my trades according tomy experience and feeling.. we have come a long way to be seeing few loses as the end of the business...
losses will make / should make a perfect trader.

I know a guy who is here, he used to tell me... Sir, i have 1.5k account, i want to trade 1 lot at a time, once in a day.

Untill i find a trading system for this, I am not going to trade.

He is 9 to 5 working take home salary around 5k cad / month
Intraday only.
  • #836,184
  • Aug 23, 2024 10:05am Aug 23, 2024 10:05am
Hmmm... not sure what they do. Extreme overtending now. Summer time, Powell even hit on the sell button of USD... he should now better. Green house datas. Smells fishy for me. Looks like late summer hunt for stops on GBP/USD. Really crazy.
  • #836,185
  • Aug 23, 2024 10:09am Aug 23, 2024 10:09am
I'm gonna rest for to prepare for hard battle of next week right now.
Must have at least one more positive trade before month end.

Have a nice weekend every one.
With courage, patience, and discipline, success is a matter of time.
  • #836,186
  • Aug 23, 2024 10:13am Aug 23, 2024 10:13am
Was down 200k now up 600k ...
  • #836,187
  • Aug 23, 2024 10:13am Aug 23, 2024 10:13am
From 5k down to full recovery and 2.5k profit in 1 hour letz hope these trades continue especially USDCHF might be going to the abyss, there is nothing below to stop it
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH4.png Size: 21 KB

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 22 KB
Follow The Markets Structure - Patience and Discipline
  • #836,188
  • Aug 23, 2024 10:16am Aug 23, 2024 10:16am
Bailey hawkish it seems
Insane in the Brain..
  • #836,189
  • Aug 23, 2024 10:25am Aug 23, 2024 10:25am
Mistake made with GU

always consider the primary trend of every chart

H1 primary trend was up with the reversal taking place on the 15th of Aug when i traded the long for the big push up
H4 primary trend was up and had reversed the prior downtrend from the 11the April high
D1 primary trend also up but had made a correction on the 12th of march that confused everyone as it was our old friend the expflat
W1 primary trend is down which makes this move up corrective until it breaks the prior W1 lower high so my guess is 3500- 3700 could be the target for now as that is the last area where there is an irregular flat that will act as resistance


The 15 minute primary up trend did look like it had reversed with a single swing down but i guess that poke below was a trap and really should not of been enough to convince me or anyone of a reversal!!!! we live and learn
Follow The Markets Structure - Patience and Discipline
  • #836,190
  • Aug 23, 2024 10:29am Aug 23, 2024 10:29am
Quoting pipfarm
Mistake made with GU always consider the primary trend of every chart H1 primary trend was is up with the reversal taking place on the 15th of Aug when i traded the long for the big push up H4 primary trend was and had reversed the prior downtrend from the 11the April high D1 primary trend also up but had made a correction on the 12th of march that confused everyone as it was our old friend the expflat W1 primary trend is down which makes this move up corrective until it breaks the prior W1 lower high so my guess is 3500- 3700 could be the target...
35-37 wow! havent seen those levels for a while now.

might take hit and go back on Monday with a UK bank holiday we might see a corrective trend. Not sure if Bailey has spoken but if he is dovish any correction my be limited.
Insane in the Brain..
  • #836,191
  • Aug 23, 2024 10:37am Aug 23, 2024 10:37am
preparing to mega short from 3250, EU from 1210
People don't plan to lose. They lose because they don't plan.
  • #836,192
  • Aug 23, 2024 10:38am Aug 23, 2024 10:38am
Good guy Powell gave us 1.32. Hoping it's not a 1.33
  • #836,193
  • Aug 23, 2024 10:39am Aug 23, 2024 10:39am
Quoting ScalaFX
preparing to mega short from 3250, EU from 1210
that be a huge one but where is your TP area? If you look at 4H 130 is out of the picture unless this pair junks and that would require a huge UK red or US green data set. Technicals won’t give a monster
Insane in the Brain..
  • #836,194
  • Aug 23, 2024 10:41am Aug 23, 2024 10:41am
Quoting BeeTogether
{quote} that be a huge one but where is your TP area? If you look at 4H 130 is out of the picture unless this pair junks and that would require a huge UK red or US green data set. Technicals won’t give a monster
I Think EU 1080 and GU 3050
People don't plan to lose. They lose because they don't plan.
  • #836,195
  • Aug 23, 2024 10:42am Aug 23, 2024 10:42am
Quoting JameRomeo168
{quote} Bruh Some sellers short without stop loss are already panic enough right now, do you have to add more?
In order to trade w/out SL one should't use leverage higher than 1:1 per entry, imo
otherwise this philosophy will create problems
my sl (margin call) is >1.91
Air force
  • #836,196
  • Aug 23, 2024 10:48am Aug 23, 2024 10:48am
Quoting ScalaFX
{quote} I Think EU 1080 and GU 3050
150 left for GU if we close below 132 then 131 early next week is do able
Insane in the Brain..
  • #836,197
  • Aug 23, 2024 10:57am Aug 23, 2024 10:57am
I have short at 1.3192 tp 1.3150 IMO for what it's worth it was an over reation.
  • #836,198
  • Aug 23, 2024 10:59am Aug 23, 2024 10:59am
this is weird
gold and dow against dx
Attached Image (click to enlarge)
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yes yes yes
  • #836,199
  • Aug 23, 2024 11:02am Aug 23, 2024 11:02am
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 11 KB
yes yes yes
  • #836,200
  • Aug 23, 2024 11:03am Aug 23, 2024 11:03am
Quoting Waveskierrob
Was down 200k now up 600k ...
Closed £800k...
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