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Cable Update (GBPUSD)

  • #843,441
  • Oct 28, 2024 9:53am Oct 28, 2024 9:53am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #843,442
  • Edited 10:08am Oct 28, 2024 9:56am | Edited 10:08am
stopped out at 1.3007 thats it for gbpusd kinda knew it was coming cut the stop loss shorter to save profits unto the next trade
  • #843,443
  • Edited 10:23am Oct 28, 2024 10:04am | Edited 10:23am
Quoting Bones
{image}

so are you agreeing with me bones or disagreeing?

there was no piercing signal so that's why I'm still bearish GU


I know you're a stickler about patterns and I don't even think it was a tweezer since the green candles low was higher than the red one and tweezers supposed to be same
short trump and go long the deepstate
  • #843,444
  • Oct 28, 2024 10:05am Oct 28, 2024 10:05am
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Huge resistance on the 4 hr for dxy maybe and impediment to growth keeping a careful eye on it
  • #843,445
  • Oct 28, 2024 10:11am Oct 28, 2024 10:11am
Long gj
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yes yes yes
  • #843,446
  • Oct 28, 2024 10:55am Oct 28, 2024 10:55am
Resistance
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yes yes yes
  • #843,447
  • Oct 28, 2024 10:58am Oct 28, 2024 10:58am
Funny how price move got stopped out at 1.3007 price went to 1.3009 and now currently moving in sell direction normally I would jump in the trade but I am not working on my entries and if im stopped out i wont enter back a trade protect against fomo
  • #843,448
  • Oct 28, 2024 10:59am Oct 28, 2024 10:59am
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yes yes yes
  • #843,449
  • Oct 28, 2024 11:01am Oct 28, 2024 11:01am
Might have seen the highs of the day. Still not seen my sell area
Insane in the Brain..
  • #843,450
  • Oct 28, 2024 11:04am Oct 28, 2024 11:04am
Quoting Yngwie
Sold 1.2993
closed 15p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #843,451
  • Oct 28, 2024 11:05am Oct 28, 2024 11:05am
Quoting Zebi
{quote} I placed limit orders and ill let the force be with me {image}

only 1 order got filled...the middle one didn't cause of the spread

I'm leaving for my appointment and left those orders still active
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short trump and go long the deepstate
  • #843,452
  • Oct 28, 2024 11:06am Oct 28, 2024 11:06am
Quoting Godspromise
stopped out at 1.3007 thats it for gbpusd kinda knew it was coming cut the stop loss shorter to save profits unto the next trade
That should be a Stop run played on you by your broker. The highest point here is 1.3002.

Going Short in this set-up is synonymous to trading against the tide. Intraday direction and sentiment is classified as the tide.

With the knowledge about market structure/ support resistant zone, candlestick analysis etc, a trader can key in ...

There will be structure at support resistance zone and liquidity will change direction as other players begin to place trades. Liquidity will create market sentiment around new direction

Usually, I use 20 pips from high/low of a zone as Stoploss during hard entry though the best way to take the trade is by using engulfed candlesticks in hourly time frame and above.

Still riding though anything can happen....
Market Structure is the King.....
  • #843,453
  • Oct 28, 2024 11:10am Oct 28, 2024 11:10am
Quoting Zebi
{quote} only 1 order got filled...the middle one didn't cause of the spread I'm leaving for my appointment and left those orders still active {image}
So nice we are on same page today though through different approach.

Hoping the trade will be successful
Market Structure is the King.....
  • #843,454
  • Oct 28, 2024 11:11am Oct 28, 2024 11:11am
Quoting Abeylyn
{quote} That should be a Stop run played on you by your broker. The highest point here is 1.3002. Going Short in this set-up is synonymous to trading against the tide. Intraday direction and sentiment is classified as the tide. With the knowledge about market structure/ support resistant zone, candlestick analysis etc, a trader can key in ... There will be structure at support resistance zone and liquidity will change direction as other players begin to place trades. Liquidity will create market sentiment around new direction Usually, I use 20 pips...
yeah could be that's one of the things about brokers they always play some underhand game but ill still win
  • #843,455
  • Oct 28, 2024 11:12am Oct 28, 2024 11:12am
Quoting Godspromise
Funny how price move got stopped out at 1.3007 price went to 1.3009 and now currently moving in sell direction normally I would jump in the trade but I am not working on my entries and if im stopped out i wont enter back a trade protect against fomo

abeylyns right...get rid of your shitty broker...my high on oanda is 1.30016
short trump and go long the deepstate
  • #843,456
  • Oct 28, 2024 11:19am Oct 28, 2024 11:19am
Quoting Abeylyn
{quote} That should be a Stop run played on you by your broker. The highest point here is 1.3002. Going Short in this set-up is synonymous to trading against the tide. Intraday direction and sentiment is classified as the tide. With the knowledge about market structure/ support resistant zone, candlestick analysis etc, a trader can key in ... There will be structure at support resistance zone and liquidity will change direction as other players begin to place trades. Liquidity will create market sentiment around new direction Usually,...
Have you heard of bid/ask spreads?

According to https://en.m.wikipedia.org/wiki/Market_liquidity I cannot understand your statement in Bold text. “Liquidity will change direction as other players begin to place trades” - did ask/bid went ballistic? What am I missing here?
How to succeed in zero sum game?
  • #843,457
  • Oct 28, 2024 11:20am Oct 28, 2024 11:20am
Quoting Zebi
{quote} abeylyns right...get rid of your shitty broker...my high on oanda is 1.30016
I left out one of the zeroes 1.30007 that was my stop loss sorry cant plblame the broker for that
  • #843,458
  • Oct 28, 2024 11:26am Oct 28, 2024 11:26am
So GBPUSD is now trending up on H4

What say the shorts now


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Follow The Markets Structure - Patience and Discipline
  • #843,459
  • Oct 28, 2024 11:46am Oct 28, 2024 11:46am
Quoting dempire1
{quote} Have you heard of bid/ask spreads? According to https://en.m.wikipedia.org/wiki/Market_liquidity I cannot understand your statement in Bold text. “Liquidity will change direction as other players begin to place trades” - did ask/bid went ballistic? What am I missing here?
May be i used the wrong word/s. I am not referring to the spread/volatility arising from price flunctuation but heavy volume that comes with Buying or Selling to a particular direction.

During the market open, what we had / still have now is a Buy trade. And that precisely is correct for Intraday traders to Buy. All technicals including POC will give Buy.

But at a Structure, some traders are aware that Price will go down. Take advantage of Selling at a better Price, then other liquidity providers/ market movers will come in to create market sentiment....

I don't know may be this explanation is better..
Market Structure is the King.....
  • #843,460
  • Oct 28, 2024 11:51am Oct 28, 2024 11:51am
Quoting Wavegarrick
{quote} Buy trade opened at 1.30428. Trade safe. {image}
All indications with price finding support on the 4hr time frame. Buy trade opened at 1.29814. Do your due diligence. I am close to my mental s/loss and will assess accordingly. Make or break. Trade safe.
Cheers
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