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Cable Update (GBPUSD)

  • #837,221
  • Sep 5, 2024 11:36am Sep 5, 2024 11:36am
Quoting Pat Chiko
Final push to deliver NFP baby tomorrow. Bull position holder ready to post hindsight chart soon.
That is one excellent prediction...
  • #837,222
  • Sep 5, 2024 11:36am Sep 5, 2024 11:36am
Quoting knkie
{quote} i think you should reconsider that bias
why? If it drops it could drop hard. If NFP is green it should drop if NFP is a wack out there could be a drop to fears of a recession.
Insane in the Brain..
  • #837,223
  • Sep 5, 2024 11:37am Sep 5, 2024 11:37am
Quoting Pat Chiko
{quote} GU & EU Imagine discovering a powerful trading approach that's been hiding in plain sight—so simple, yet overlooked by many. For those familiar with Elliott Wave (EW) and Smart Money Concepts (SMC), there’s a hidden gem that can enhance your trades: the OHLC (Open, High, Low, Close) strategy. This straightforward setup can transform your scalping game. Combine OHLC with Fibonacci levels and Support & Resistance (S&R), and what you get is a blend of precision and magic in the markets. The beauty lies in its simplicity—an almost effortless...
GU & EU

Take the money and run away
Go to sleep and start over again tomorrow.

Make trading a hobby, and enjoy it no matter what strategy you use, it is all the same.
ie "UNDERSTANDING How price work"
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #837,224
  • Sep 5, 2024 11:37am Sep 5, 2024 11:37am
Shorted again 13172
Insane in the Brain..
  • #837,225
  • Sep 5, 2024 11:42am Sep 5, 2024 11:42am
Quoting BeeTogether
{quote} why? If it drops it could drop hard. If NFP is green it should drop if NFP is a wack out there could be a drop to fears of a recession.
well i never really predict, i try to respond to price action.
But Day Support is holding very strong.
And too many traders are making bear predictions.

But if it turns south i will ride that wave as well.
Right now just long scalps.

Idk why you keep shorting this haha
in wondering about yourself, you forgot what you came here to be part of
  • #837,226
  • Sep 5, 2024 11:50am Sep 5, 2024 11:50am
Quoting knkie
{quote} well i never really predict, i try to respond to price action. But Day Support is holding very strong. And too many traders are making bear predictions. But if it turns south i will ride that wave as well. Right now just long scalps. Idk why you keep shorting this haha
i have been long and short. I am short at the moment on the proviso that the data could be green. Also with the data today we rejected 13190 as resistance.
Insane in the Brain..
  • #837,227
  • Sep 5, 2024 11:51am Sep 5, 2024 11:51am
Quoting Pat Chiko
{quote} SPX 500 Try to find in august coz I remember you share you N3 with double shorted as shown in the chart, That I copied you trade signal. {image}
may correct below 5400 to 5100 . watching it !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #837,228
  • Sep 5, 2024 11:51am Sep 5, 2024 11:51am
Quoting ChiForex
{quote} Reminder before it's too late

Please
  • #837,229
  • Sep 5, 2024 11:57am Sep 5, 2024 11:57am
Quoting BeeTogether
{quote} i have been long and short. I am short at the moment on the proviso that the data could be green. Also with the data today we rejected 13190 as resistance.
Do your own thing Bee, youre a good trader and i certainly could be wrong.

I dont get the 3190 though, we never even got near that level today.
Looking at the Day chart it really looks like a new hook being placed.
But NFP can always screw things up. I dont trade on NFP anymore.

I like the word proviso though.
in wondering about yourself, you forgot what you came here to be part of
  • #837,230
  • Sep 5, 2024 12:04pm Sep 5, 2024 12:04pm
Quoting Waveskierrob
{quote} That is one excellent prediction...
Off late, my trade calls have definitely been rough, and this has even been noted by a top hindsight trader who holds an almost perfect record
cough, cough....( some minus 3800 pips loss has conveniently disappeared, though!).

Some of the feedback I received, which I fully agree with, was:
"Your calls have been horrifically wrong lately."

Looking back, these calls were made in real time with actual trades, and like any live market decisions, they had their chances of failure.
It's understandable—real-time trade calls don't always hit the mark.
But as they say, failure is always an option... especially when you’re live and daring fate to step in.

On the other hand, maintaining a spotless record with no losses usually involves one of the following:
a) Cheating with capital C
b) Trading on demo accounts while hedging opposite positions for guaranteed wins
c) Posting hindsight trades to look perfect after the fact.


Scene 2

Now, as for her generous offer to let me piggyback off her flawless, not-at-all suspicious trades...
I’ll pass, thanks. Waveskie, you may want to wait for her signal..

Even coreg2004 made a resounding remark on 15th August, her trading awareness:
"......don't forget, those who post their trades or setups two days after the data release are always right. Those who post in real-time may or may not be right......"

Then,
I’d hate to steal her shine.
But, don’t worry, I’ll leave her with some memes to express my feelings about this whole situation.

Let the memes do the talking.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #837,231
  • Sep 5, 2024 12:07pm Sep 5, 2024 12:07pm
GBPUSD clearly has resumed uptrend as long as the price above 1.3125, however tomorrow is NFP, so all bets are off, forget uptrend downtrend whenever there's NFP
  • #837,232
  • Sep 5, 2024 12:42pm Sep 5, 2024 12:42pm
Quoting knkie
{quote} Do your own thing Bee, youre a good trader and i certainly could be wrong. I dont get the 3190 though, we never even got near that level today. Looking at the Day chart it really looks like a new hook being placed. But NFP can always screw things up. I dont trade on NFP anymore. I like the word proviso though.
cheers bud, I trade what I see. I hate big data releases as they act like lottery numbers.. I will try and be safe and thus avoid trading NFp unless I am already in a trade. What is interesting though after NFP we have a couple of Fed speeches. That could be more volatile than NFP it self
Insane in the Brain..
  • #837,233
  • Sep 5, 2024 12:52pm Sep 5, 2024 12:52pm
Quoting BeeTogether
{quote} cheers bud, I trade what I see. I hate big data releases as they act like lottery numbers.. I will try and be safe and thus avoid trading NFp unless I am already in a trade. What is interesting though after NFP we have a couple of Fed speeches. That could be more volatile than NFP it self
avoiding nfp is always wise imo

im really gonna start using this word provisio
in restaurants or such
i will have the chicken salad, provisio its free range.
haha
in wondering about yourself, you forgot what you came here to be part of
  • #837,234
  • Sep 5, 2024 12:57pm Sep 5, 2024 12:57pm
Quoting knkie
{quote} avoiding nfp is always wise imo im really gonna start using this word provisio in restaurants or such i will have the chicken salad, provisio its free range. haha
Insane in the Brain..
  • #837,235
  • Sep 5, 2024 1:01pm Sep 5, 2024 1:01pm
Bulls are taking over again?!?!
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yes yes yes
  • #837,236
  • Sep 5, 2024 1:11pm Sep 5, 2024 1:11pm
Quoting Pat Chiko
{quote} Off late, my trade calls have definitely been rough, and this has even been noted by a top hindsight trader who holds an almost perfect record cough, cough....( some minus 3800 pips loss has conveniently disappeared, though!). Some of the feedback I received, which I fully agree with, was: "Your calls have been horrifically wrong lately." Looking back, these calls were made in real time with actual trades, and like any live market decisions, they had their chances of failure. It's understandable—real-time trade calls...
That is funny...
  • #837,237
  • Sep 5, 2024 1:14pm Sep 5, 2024 1:14pm
Quoting BeeTogether
{quote}
Stoploss hit @ 3183......
Market Structure is the King.....
  • #837,238
  • Sep 5, 2024 1:29pm Sep 5, 2024 1:29pm
Quoting elude
{image} I don't know where the price is heading and I don't care, but I may close it if it reverses much ¯\_(ツ)_/¯
Close all trades
Bought 1.31167; Closed 1.31712; Profit 54.5 pips
Bought 1.31200; Closed 1.31711; Profit 51.1 pips
Bought 1.31110; Closed 1.31711; Profit 60.1 pips
Total Profit 165.7 pips

(Maybe) Will enter again later this evening or tonight for Tyo or Lon markets
  • #837,239
  • Sep 5, 2024 1:34pm Sep 5, 2024 1:34pm
Quoting Pat Chiko
{quote} GJ We have reached the EX "C of B" and ready to pump up. Target to C Before making attemp for reversal trades, please observe the structure. Below is H1 chart for reverence {image} {image}
GJ

If you jump into a breakout too quickly, you’re likely to get squeezed more often than not.

Think of it this way: at resistance, sellers are already in, and when their stop-losses get hit, they either reverse their positions or retail traders start buying the breakout.
At this point, the market is causing pain—it’s squeezing the late breakout buyers and messing with the psychology of those who were short and got stopped out earlier.

The late buyers are closing in frustration, possibly reversing their positions, believing it was a false breakout.
Meanwhile, the original sellers are jumping back in, often increasing their position size, thinking the real bearish move is finally starting after a "stop hunt."
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In short, the market has squeezed the late buyers and tricked the sellers twice.

It's a No. No . No, to buy on the breakout immediately.
Sure, there are times when the market will break through resistance and surge with strong momentum.
But if you want a sustainable trading career, chasing momentum won’t get you there.

Professional traders let the market come to them—they don’t chase.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #837,240
  • Sep 5, 2024 1:40pm Sep 5, 2024 1:40pm
Quoting Waveskierrob
{quote} That is funny...
Maybe it is for you

But for me, its a rough day trying to give real time trade call and having someone remarks on my back.
I'm crying now....cough cough.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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