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Cable Update (GBPUSD)

  • #843,301
  • Oct 25, 2024 2:12pm Oct 25, 2024 2:12pm
Quoting Zebi
im still short gentlemen... dollar looks like its bottoming so ill short this hourly candle in 20 min if closes red my system didn't give a hourly buy signal during londons open so i don't know what bulls are doing besides emitting methane gas
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short trump and go long the deepstate
  • #843,302
  • Oct 25, 2024 2:48pm Oct 25, 2024 2:48pm
Quoting Zebi
i still think Wednesdays lows have to be tested if GU has delusions of going higher so I'm gonna hold my shorts over the weekend cause any global problems gona be dollar positive and don't want to chase a gap down if I close my shorts today
I give this success to you Zebi. I have been waiting for 2 days for this opportunity to go Short.

I knew we were already there but didn't look at correlation with USD until you spotted it.

We need to work together in this way to achieve success.

Thanks Zebi.
Market Structure is the King.....
  • #843,303
  • Oct 25, 2024 5:40pm Oct 25, 2024 5:40pm
How the ave hourly ranges in points ended on this day 25-10-2024.
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  • #843,304
  • Oct 25, 2024 5:40pm Oct 25, 2024 5:40pm
Quoting HaLBot
{quote} Nice one Konichi If this data is US positive in 2 hours we'll definitely see 1.2950 and below unless we get the spike down and then bought {image}
Did you fold or hold? I will hold over the weekend
Emotional Control. Process, not outcome.
  • #843,305
  • Oct 25, 2024 6:03pm Oct 25, 2024 6:03pm
Quoting Konichiwhaat
{quote} Did you fold or hold? I will hold over the weekend
holding for dear life bro
  • #843,306
  • Oct 25, 2024 6:10pm Oct 25, 2024 6:10pm
Quoting Godspromise
{quote} holding for dear life bro
One bad thing about GU is the negative swap fees for both long and short positions (first world problems, poor me ). Mustn't grumble
Emotional Control. Process, not outcome.
  • #843,307
  • Oct 25, 2024 10:57pm Oct 25, 2024 10:57pm
Quoting Konichiwhaat
{quote} Did you fold or hold? I will hold over the weekend

Hey Konichi, closed positions for a total of 400 kangeroos so a good day before the drop.
It's a bugger trading from the east coast of Australia due to the time difference, west coast or Asia be much better.
Checked chart today to see we dropped 40 pips from the highs but we have daily tweezers the previous days, daily chart looks to have printed an inverted hammer candle suggesting more upside and RSI is at it's lows but I only work here so what do I know
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Don't Leave Money on the Table
  • #843,308
  • Oct 25, 2024 11:32pm Oct 25, 2024 11:32pm
Quoting HaLBot
{quote} Hey Konichi, closed positions for a total of 400 kangeroos so a good day before the drop. It's a bugger trading from the east coast of Australia due to the time difference, west coast or Asia be much better. Checked chart today to see we dropped 40 pips from the highs but we have daily tweezers the previous days, daily chart looks to have printed an inverted hammer candle suggesting more upside and RSI is at it's lows but I only work here so what do I know {image}
We'll done. Love western Australia, lived there for a short time back in 2004. I guess being between between Asian and western trading sessions could have some advantages. I'm sure there is edge in there somewhere
Emotional Control. Process, not outcome.
  • #843,309
  • Oct 25, 2024 11:37pm Oct 25, 2024 11:37pm
Quoting Konichiwhaat
{quote} We'll done. Love western Australia, lived there for a short time back in 2004. I guess being between between Asian and western trading sessions could have some advantages. I'm sure there is edge in there somewhere

For us on the East Coast once clocks go forward in Australia the time difference is a killer.
US open 11pm, US data news starts at 11.30pm and NY stocks open 12.30am
Don't Leave Money on the Table
  • #843,310
  • Oct 25, 2024 11:41pm Oct 25, 2024 11:41pm
Quoting HaLBot
{quote} For us on the East Coast once clocks go forward in Australia the time difference is a killer. US open 11pm, US data news starts at 11.30pm and NY stocks open 12.30am
Oh sorry, east coast! My bad. I was thinking about Perth. East is a good trading spot! Beginning of the new day
Emotional Control. Process, not outcome.
  • #843,311
  • Oct 26, 2024 12:14am Oct 26, 2024 12:14am
Quoting Konichiwhaat
{quote} Oh sorry, east coast! My bad. I was thinking about Perth. East is a good trading spot! Beginning of the new day

Yes for sure if your trading Asia session and Frankfurt/London opening
Don't Leave Money on the Table
  • #843,312
  • Edited 1:00am Oct 26, 2024 12:49am | Edited 1:00am
Quoting pipfarm
{quote} Just before the weekend , i think we are in for another short move H1 seems to have completed an ABC , just need to make sure this trends down to confirm the
continuation ,probably sunday/monday
Hello friend,

Yeah! ABC on H1 completed but market momentum currently on H2. Just as in one of your response, we may slightly see a pullback to 1.2987/90 ( a retest of current high) before price will start dropping. And if slight pullback equate a breakout from current high, I see the existing ABC as a trap. We have to count ABC again in H2 to be sure of a move to the North or South.

Market may however does whatever it has to do.

Enjoy your weekend friends and Buddies.
Market Structure is the King.....
  • #843,313
  • Edited 1:31am Oct 26, 2024 1:09am | Edited 1:31am
Quoting HaLBot
{quote} Hey Konichi, closed positions for a total of 400 kangeroos so a good day before the drop. It's a bugger trading from the east coast of Australia due to the time difference, west coast or Asia be much better. Checked chart today to see we dropped 40 pips from the highs but we have daily tweezers the previous days, daily chart looks to have printed an inverted hammer candle suggesting more upside and RSI is at it's lows but I only work here so what do I know {image}
The combination of those last 3 dailies in relationship with the RSI and Moving Average looks more like a down move ( Movement to the South).

Congratulations on gropping the 400 dinaries. A true reflection of dedication, hard work and experience. Weldone bro.

Have a nice time mate and enjoy your weekend.
Market Structure is the King.....
  • #843,314
  • Edited 11:40pm Oct 26, 2024 2:21am | Edited 11:40pm
checking pa . bull remain intact very well . next day H 4 may avoid close below 2960 , low can be 2947 though and may try breaks at the neck 2996 . outburst for 3010/14 for 3070 plus , say 3086 to 3102 pullback next week possible . take care
so checking other chart. yes a little correction for great bear remain very active as well for below 2298 play.
Similarly eurusd also test ok ng strong support tl , likely breaks for 0660 for better one though , still may easily bounce above 0872
need check usdx too !
Yes similar eurusd 2 leg up possible , and so breakout below 103.25 may extend another leg up ! So grossly little down to continue bounce try eurusd and gbpusd possible. Buy at any low for time being till previous low intact or hold !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #843,315
  • Oct 26, 2024 4:03am Oct 26, 2024 4:03am
Quoting fontu
checking pa . bull remain intact very well . next day H 4 may avoid close below 2960 , low can be 2947 though and may try breaks at the neck 2996 . outburst for 3010/14 for 3070 plus , say 3086 to 3102 pullback next week possible . take care so checking other chart. yes a little correction for great bear remain very active as well for below 2298 play. need check usdx too ! {image} {image}
potential 12945 when we open on Sunday night
Insane in the Brain..
  • #843,316
  • Oct 26, 2024 4:17am Oct 26, 2024 4:17am
I’ve been studying some core economic indicators and I’m seeing high vix high tnx and rising dollar. Is it safe to say players are going to the dollar as a safe haven, and pushing dollar strength?
oh and the Dow is looking bearish atm. Pulling out of stocks and putting into bonds strengthening the dollar?
be a thinker before being a reacter
  • #843,317
  • Oct 26, 2024 5:14am Oct 26, 2024 5:14am
Quoting Headland
{quote} Hi WG, well I take people at their word, unless proved otherwise. I believe Rob's averaging trades to be genuine, just like I believe your trades to be genuine. Re your 2nd pont, no of course you shouldn't have to show a TE to prove your trades, as again, why should you be held to higher standard. On those trades in that smaller account that Rob keeps ribbing you about, re the drawdown, not the size of the trades as you suggest, you did show a TE and then removed it for the reasons you say. Your 'mistake,' if I may say so, was letting those...
Hi Headland,
Since you have asked me in a nice way to bring clarity to the issue and I guess you deserve an answer. Unlike Rob and co. who have demanded that I give an answer.
I do not use stop losses but rather opt for a mental stoploss and have made it very clear from the beginning. I average up or down and close my losers at breakeven to start a fresh batch of trades. More importantly I trade in line with my margin levels and can afford to go into deep losses. I have made it very clear from the beginning. Trading for me is not a race and 80% percent of the time my first trade goes into drawdown hence the reason for me trading small. I opened this account from an old unused account, specifically on the 23rd of October 2023 to use as an example of my trading style on this forum which clearly backfired against me from the haters. This is not my bread and butter, and I use much bigger trades that will scare the living daylights out of most here. At any rate will be a bad example as most on this forum are newbies.
I closed my TE somewhere in July or August this year and stand to be corrected. On week 28 I closed all my trades for 2830 pips loss. Which by the way is a mental stoploss. I recovered some profits and closed all for an overall profit of 11342 pips and overall growth of 24.7%. I stopped trading on this small account as I had no interest in wasting my time and sharing it here which clearly benefits the haters only. We have forum members who gloat about the size and wealth they create from their trading, for what reason I do not know. My intention was never this from the onset and my sole purpose was to give back to the community by showing noobs the correct way to start their trading career and not bet the farm and the house. I am afraid that this forum in its current state is bad news for noobs.
Below is a summary of my account for scrutiny. I have nothing to hide.
Cheers.
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Trade to trade another day
  • #843,318
  • Oct 26, 2024 6:35am Oct 26, 2024 6:35am
Quoting Wavegarrick
{quote} Hi Headland, Since you have asked me in a nice way to bring clarity to the issue and I guess you deserve an answer. Unlike Rob and co. who have demanded that I give an answer. I do not use stop losses but rather opt for a mental stoploss and have made it very clear from the beginning. I average up or down and close my losers at breakeven to start a fresh batch of trades. More importantly I trade in line with my margin levels and can afford to go into deep losses. I have made it very clear from the beginning. Trading for me is not a race...
Leon why are you so obsessed with your results and everyone else's , no one gives a shit as everything can be fake, do yourself favour and tell yourself "it doesn't matter....
  • #843,319
  • Oct 26, 2024 7:29am Oct 26, 2024 7:29am
Quoting boodvah
I’ve been studying some core economic indicators and I’m seeing high vix high tnx and rising dollar. Is it safe to say players are going to the dollar as a safe haven, and pushing dollar strength? oh and the Dow is looking bearish atm. Pulling out of stocks and putting into bonds strengthening the dollar?
Yep we are in a risk off environment with the US elections coming. Market doesn’t like uncertainty so they moved to safe havens such as USD and Gold
You have to have an IQ higher than 90 to interact with this user.
  • #843,320
  • Oct 26, 2024 7:30am Oct 26, 2024 7:30am
Quoting Wavegarrick
{quote} Hi Headland, Since you have asked me in a nice way to bring clarity to the issue and I guess you deserve an answer. Unlike Rob and co. who have demanded that I give an answer. I do not use stop losses but rather opt for a mental stoploss and have made it very clear from the beginning. I average up or down and close my losers at breakeven to start a fresh batch of trades. More importantly I trade in line with my margin levels and can afford to go into deep losses. I have made it very clear from the beginning. Trading for me is not a race...
Buddy, you've gone extra miles to proof your validity which I personally believed it's not necessary at all.

I have been around here for a little long but don't post or give comments here until recently.

No matter what you do, haters will continue to be around you and your loved ones aswell. That's just the general nature of human.

It's always crystal clear that empty barrel makes the loudest noise. Extremely arrogant with personality of being the most righteous that can never make an error.

Keep all that has happened behind you and start a new. Don't keep anyone as a permanent enemy and try not to soil any good relationship.

Just follow these and your conscience will be at peace filled with happiness always.

Enjoy your weekend buddy.
Market Structure is the King.....
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