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Cable Update (GBPUSD)

  • #838,761
  • Edited 9:33am Sep 19, 2024 9:06am | Edited 9:33am
Now pa , a megaphone top , likely correct fully without much spikes up ! Waiting
.my initial target below 3218 approaching , should logically test 3170 so 'be ' run them !
USD just there at a bottom not much reacted yet , if start a little like bounce to breakout up next without bottom formation ! Match pa gu!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #838,762
  • Sep 19, 2024 9:10am Sep 19, 2024 9:10am
I believe the GBPUSD may strongly follow this move.
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The greed that moves you is the same that kills you.
Rodrigo Rodrigues Fx | Manual Trading All Time Return: 2.5%
  • #838,763
  • Sep 19, 2024 9:14am Sep 19, 2024 9:14am
Seems to be in a free fall down.. if pivot breaks not sure where the next area of support is. 133 not happening today it seems
Insane in the Brain..
  • #838,764
  • Sep 19, 2024 9:17am Sep 19, 2024 9:17am
Finally got an active trade on in weeks. 1.33 nice round number short got filled. SL 110pip like always and TP when hands get weak.
  • #838,765
  • Sep 19, 2024 9:37am Sep 19, 2024 9:37am
Quoting pips29
{quote} no stop??
2 lots on a 100k account. The monthly pivot is 3020. I will hold this long except we get a daily close below 3020 which I do not see happening. 1.34 should happen before a break of 3100.
  • #838,766
  • Sep 19, 2024 9:53am Sep 19, 2024 9:53am
Quoting Mitiblotch
{quote} 2 lots on a 100k account. The monthly pivot is 3020. I will hold this long except we get a daily close below 3020 which I do not see happening. 1.34 should happen before a break of 3100.
you are risking close to 5% for less than 4%. I guess you are trading a prop account and that's almost the daily limit you risk on one trade. If it works good for you .
the cautious seldom err....C
  • #838,767
  • Sep 19, 2024 10:13am Sep 19, 2024 10:13am
Quoting pips29
{quote} you are risking close to 5% for less than 4%. I guess you are trading a prop account and that's almost the daily limit you risk on one trade. If it works good for you .
I have NEVER cared about R:R in that sense in my trading life. If I am sure about a trade I am willing to even risk 5% for 2%. Why would you think this was a prop account? I have 2 prop accounts and this isn't one of them. No trade currently on those

Secondly, I hedge trades if I want to. I have all the time in the world to hedge out of it if I want to. Some trades I dont even put a SL. My first safety is money management. If I mention a SL in my trade it is one of my prop accounts.

NB: I don't get why people are obsessed with SL. And for very smart traders even with certain prop accounts you could hedge. 3020 would most likely not happen today or even in the next 2 days. For trades that are destined for a 5% loss, a hedge can be used to reduce this loss to 1%.
  • #838,768
  • Sep 19, 2024 10:37am Sep 19, 2024 10:37am
weekly
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #838,769
  • Sep 19, 2024 10:44am Sep 19, 2024 10:44am
Back to pre BoE rate zone… didn’t think we’d get here today. Especially after the dump after NYO. If the bullish run is still on maybe touch R1 today or even 133
Insane in the Brain..
  • #838,770
  • Sep 19, 2024 11:12am Sep 19, 2024 11:12am
Looks like today zero trade for me. Found good setup in Non-Killzone time and found no setup in Killzone time. Sit Infront of PC for nearly 12h for nothing but that's okay sometime no trading day is also good trading day for me. It's 11pm here now and NY Killzone is nearly over, volatility is also starting dry up. Hope for better tomorrow.
With courage, patience, and discipline, success is a matter of time.
  • #838,771
  • Sep 19, 2024 11:37am Sep 19, 2024 11:37am
R1 resisting quite well so far. Break above opens up e days high area
Insane in the Brain..
  • #838,772
  • Sep 19, 2024 11:45am Sep 19, 2024 11:45am
...so p/back from current dly hi @ Yrly R1 met 'buy the dip' demand @ the Daily pivot right @ bottom of the wide 4hr part of the prev 1hr/4hr sw hi zone that started @ y/day's hi = pot rbs. Price is now challenging bottom of the prev 1hr sw hi zone = pot res that extends up to 3314 - current dly hi. Re calculated pivots above that - 3346 is Wkly R3, 3369 is Dly R2, and 3376 is Mthly R1.

A few hours off re the close yet but will almost certainly be a bullish dly candle close?

4hr/1hr below
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Trader with an Edge.
  • #838,773
  • Sep 19, 2024 11:51am Sep 19, 2024 11:51am
Quoting Headland
...so p/back from current dly hi @ Yrly R1 met 'buy the dip' demand @ the Daily pivot right @ bottom of the wide 4hr part of the prev 1hr/4hr sw hi zone that started @ y/day's hi = pot rbs. Price is now challenging bottom of the prev 1hr sw hi zone = pot res that extends up to 3314 - current dly hi. Re calculated pivots above that - 3346 is Wkly R3, 3369 is Dly R2, and 3376 is Mthly R1. A few hours off re the close yet but will almost certainly be a bullish dly candle? 4hr/1hr below {image}
yup , unless something silly happens defo a bullish close
Insane in the Brain..
  • #838,774
  • Edited 12:25pm Sep 19, 2024 12:01pm | Edited 12:25pm
This is unwinding surely after a massive hanging man on the 4 hour!
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  • #838,775
  • Sep 19, 2024 12:32pm Sep 19, 2024 12:32pm
Quoting bucko23
This is unwinding surely after a massive hanging man on the 4 hour! {image}
No Hanging Man for me.
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Observation is the path to discovery.
  • #838,776
  • Sep 19, 2024 12:34pm Sep 19, 2024 12:34pm
I without funds until the 8th of October
So i practicing a demo account on stocks
100 $ profit in an hour and half
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yes yes yes
  • #838,777
  • Sep 19, 2024 12:37pm Sep 19, 2024 12:37pm
Quoting Moty
I without funds until the 8th of October So i practicing a demo account on stocks 100 $ profit in an hour and half {image}
sorry moty markets can be brutal take a breather and come back stronger brother
Master your mind. Master Trading.
  • #838,778
  • Sep 19, 2024 12:58pm Sep 19, 2024 12:58pm
Quoting Bones
{quote} consult the weekly and then get back to me
Humm .. this is what weekly is telling me Bones ...

I see bearish Harami, I see gravestone .. I see another doji ... looking at my watch, this week aint finished printing a candle yet!
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  • #838,779
  • Sep 19, 2024 1:09pm Sep 19, 2024 1:09pm
Quoting Wavegarrick
{quote} Hi Trumps, I have backed away from this forum but thanks for showing interest in my posts. I appreciate itWe are at break out levels and next levels would be 1.33 and i suspect a strong push towards 1.4 level for year end. Cheers.
We are in the 4th Quarter with a few months to go to year end. Experience tells me that we could see a run towards XMAS, like a cheetah on steroids. Having said, we are going into the 20th of this month so we could see some pullback enough to make some dough for scalpers.

I am holding my buy trades as I have done throughout the year and will assess accordingly.
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The weekly timeframe is as bullish as can come.
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The monthly time frame shows that 1.40 is imminent.
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We are in the final stretch of the year, so anyone calling for a major reversal, take it with a pinch of salt.
Trade safe.
Cheers.
Trade to trade another day
  • #838,780
  • Sep 19, 2024 1:31pm Sep 19, 2024 1:31pm
Quoting Wavegarrick
{quote} We are in the 4th Quarter with a few months to go to year end. Experience tells me that we could see a run towards XMAS, like a cheetah on steroids. Having said, we are going into the 20th of this month so we could see some pullback enough to make some dough for scalpers. I am holding my buy trades as I have done throughout the year and will assess accordingly. {image} The weekly timeframe is as bullish as can come.{image}The monthly time frame shows that 1.40 is imminent. {image}We are in the final stretch of the year, so anyone calling...
brilliant
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