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Cable Update (GBPUSD)

  • #844,361
  • Nov 5, 2024 10:03am Nov 5, 2024 10:03am
Come on mister goldi
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yes yes yes
  • #844,362
  • Nov 5, 2024 10:04am Nov 5, 2024 10:04am
Quoting dempire1
{quote} Please don’t make positive assumptions on couple of trades. What are you doing within a year, two, 5 etc. are you doing more than S&P over 20-30years of time. Long term it’s not profitable. Otherwise people would’ve shut me up with TEs. So far no one could do it
Please, let's skip the response because here is not a good channel for such.... Otherwise we shall be thrown into another round of argument.

Good luck and enjoy
Market Structure is the King.....
  • #844,363
  • Nov 5, 2024 10:07am Nov 5, 2024 10:07am
Quoting Wavegarrick
{quote} Some hope on the horizon with this trade from yesterday Trade safe. {image}
Some light at the end of the tunnel. My vote goes to Harris. Glory to ........
Cheers.
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Trade to trade another day
  • #844,364
  • Nov 5, 2024 10:15am Nov 5, 2024 10:15am
I sold a lot at 1.3011..election results prob gonna be a few days. I think there's room to scoop some pips here before then.
I cant believe so many folks are still pro Trump...all they want to do is put folks in place to break stuff so they can point to it and say it doesn't work.
Looking at early voting in swing states nearly 1/3 is "Independent" voters...I'm hoping they are the rest of us normies who are just sick of the rhetoric from Trump and MAGA.
I live in rural Ohio and Harris has no shot of winning this state but I will say there's less Trump signage out than there was in 2016 or 2020.
He's done nothing but lose since 2016...lots of boomers taking dirt naps since then.Harris wins IMO
  • #844,365
  • Nov 5, 2024 10:29am Nov 5, 2024 10:29am
Quoting pipfarm
{quote} Do not forget the STUPID part
LOL - The Stupid makes Sense
  • #844,366
  • Nov 5, 2024 10:37am Nov 5, 2024 10:37am
Quoting BeeTogether
From what I remember in 2020 we were at a similar level with 129-130 being the area of interest. As Nav mentioned the buy the rumour sell the fact could be in full swing here
Temporary Resistance at 1.3020/23. I overestimated the impact of election news which unfortunately did not really move price because it remained confined within daily range currently average 74/78 pips (DATR).
Market Structure is the King.....
  • #844,367
  • Nov 5, 2024 10:49am Nov 5, 2024 10:49am
Quoting Abeylyn
{quote} Please, let's skip the response because here is not a good channel for such.... Otherwise we shall be thrown into another round of argument. Good luck and enjoy
Dude, shut up please You got one win today and you are bragging to me that "believe that pattern exists " and shit. Stop it.

If you want to brag lets go with open TEs, I can start with minus . Otherwise just trade your patterns and don't brag to me of your couple of wins here and there. There are alot of empirical studies proven that these so called patterns are not profitable, they were somewhat profitable in 90s but nowadays they aren't. Haven't seen ANYONE long term profitable out of "belief" systems

To add: Go look at companies who earns money in this world and look at who are they hiring. Just go do your homework.
How to succeed in zero sum game?
  • #844,368
  • Nov 5, 2024 11:15am Nov 5, 2024 11:15am
[quote=dempire1;15051319]{quote} Dude, shut up please You got one win today and you are bragging to me that "believe that pattern exists " and shit. Stop it. If you want to brag lets go with open TEs, I can start with minus . Otherwise just trade your patterns and don't brag to me of your couple of wins here and there. There are alot of empirical studies proven that these so called patterns are not profitable, they were somewhat profitable in 90s but nowadays they aren't. Haven't seen ANYONE long term profitable out of "belief" systems To add: Go look at companies who earns money in this world and look at who are they hiring. Just go do your homework.[/quot

My mouth is shut.

Please, pardon me for joining the conversation.

Wishing you continuous luck
Market Structure is the King.....
  • #844,369
  • Nov 5, 2024 11:19am Nov 5, 2024 11:19am
Quoting donfriday
layering long below 1.30 all stoploss 1.2750 target 1.37 to 1.40 risking 1k usd on all positions P.S not a trade call my personal plan

day trading is hard until you understand the market cycle.
MY OPINION NOT FINANCIAL ADVISE
  • #844,370
  • Edited 1:52pm Nov 5, 2024 11:25am | Edited 1:52pm
Bull got life and still under control ! Watching
Even if further bull with 1st confirmation at 3043' then also possibly correct below 2933 to do so and hold up ,!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #844,371
  • Nov 5, 2024 12:00pm Nov 5, 2024 12:00pm
Quoting Abeylyn
{quote} I made these entry to prove my statement while we were exchanging mails. My main entry was at 1.2866 still running aswell. That main entry point was given by Fib sequence 0.500/0.618 which coincided with Daily/weekly level. Knowledge of wave count gave me the hint that price is due for retracement/reversal. Basically, every price movement revolve around patterns/roadmap etc.... Traders that uses pattern are here in the room... Pat Chiko.. Pipfarm .. Coreg. and so on. Pattern is the primary determinant of direction while every other factors...
Pattern does exist but overtime you will get the experience when it will most likely to fail and when it will most likely to work. The probability will speaks for itself. This is why many traders categorized their setups by A+, A, B+, B, B-, F...
But as a trader we should never expect the same outcome, cause we've seen many many times, our A+ setup failed which we were very confident about it, yet our B setup (which we'd usually hesistant before we put on the trade) worked like it was an A+ setup.
Sometimes even the F setup work like hell (but per my understanding i never take random trade), Cause the F setup mean it will fail more often than it will work, so it doesnot matter if it work 10 out of 100, while consistency is based onto something that occured 40 times & above out of 100.

My 2 cents is dont try to fit the market into a pattern, you will limit your opportunities of making some bucks. Instead look for different variations of the setup, which in long run, will enable you to access more perceivable opportunities.
More time in the market, does not mean you trade better!
  • #844,372
  • Nov 5, 2024 12:15pm Nov 5, 2024 12:15pm
Today's bear...
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  • #844,373
  • Nov 5, 2024 12:17pm Nov 5, 2024 12:17pm
Quoting Fardeen1209
{quote} Pattern does exist but overtime you will get the experience when it will most likely to fail and when it will most likely to work. The probability will speaks for itself. This is why many traders categorized their setups by A+, A, B+, B, B-, F... But as a trader we should never expect the same outcome, cause we've seen many many times, our A+ setup failed which we were very confident about it, yet our B setup (which we'd usually hesistant before we put on the trade) worked like it was an A+ setup. Sometimes even the F setup work like hell...
We have different perspective. as regards market movement.

Therefore, let's place the discuss on hold.

Thanks.
Market Structure is the King.....
  • #844,374
  • Nov 5, 2024 12:22pm Nov 5, 2024 12:22pm
Quoting Abeylyn
{quote} We have different perspective. as regards market movement. Therefore, let's place the discuss on hold. Thanks.
Nothing in my post that i quote you says anything about todays price action.

A pattern othername is trade setup. Nothing more or less.
More time in the market, does not mean you trade better!
  • #844,375
  • Nov 5, 2024 12:26pm Nov 5, 2024 12:26pm
Quoting Buck0
I sold a lot at 1.3011..Lots of boomers taking dirt naps since then.Harris wins IMO
Based on the last election, that doesn't mean they can't vote
Compulsions can be hard to resist
  • #844,376
  • Nov 5, 2024 12:39pm Nov 5, 2024 12:39pm
3037 is high for the day, it is likely to hold.

Tomorrow, will it be high ?

Depends...

The PA on 4hr, daily turned bullish to me.
Intraday only.
  • #844,377
  • Nov 5, 2024 12:41pm Nov 5, 2024 12:41pm
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Exited my shorts in JY and reversed to long NOW.

I started selling E. and BP. also , as shown , NOW



  • #844,378
  • Nov 5, 2024 12:52pm Nov 5, 2024 12:52pm
Quoting bigiivan
{quote} Leon, Please, allow me to open a buy trade First buy GBP\USD at 1,3077. No SL and TP.
Quoting bigiivan
{quote} Second buy GBP/USD at 1,2880. No SL and TP.
Closed!

First one -37 pips.
Second one: +147 pips

TOTAL: +110 PIPS.

* I will buy again after the storm.
  • #844,379
  • Nov 5, 2024 12:54pm Nov 5, 2024 12:54pm
Quoting Wavegarrick
{quote} Some light at the end of the tunnel. My vote goes to Harris. Glory to ........ Cheers. {image}
A whole day they pump it. I think GBP will fall when results come out.
The main direction won't change of course.
  • #844,380
  • Nov 5, 2024 12:55pm Nov 5, 2024 12:55pm
Initial fall to 1.2700
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
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