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Cable Update (GBPUSD)

  • #849,881
  • Jan 2, 2025 2:45pm Jan 2, 2025 2:45pm
Quoting fontu
Checking pa , huge tanking to good sr now ,next day may bounce before next tanking next week ! 2370 weekly close test breaks and holding still and likely close 20 above or below , so low 2298 may still play before bounce ! {image} {image}
trying a long at 12380 bit risky so close to COB but bring Friday tomorrow we could see that retrace mentioned for a bit
Insane in the Brain..
  • #849,882
  • Jan 2, 2025 3:35pm Jan 2, 2025 3:35pm
Quoting BeeTogether
{quote} trying a long at 12380 bit risky so close to COB but bring Friday tomorrow we could see that retrace mentioned for a bit
Monthly pivot is 2562. More often than not it will get hit.
  • #849,883
  • Jan 2, 2025 5:15pm Jan 2, 2025 5:15pm
The currency strength meter detects a strong downtrend momentum on GBP/USD and according to the daily chart, the previous structure broke and I expect GBP/USD to fall 150 pips !!!
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  • #849,884
  • Jan 2, 2025 5:24pm Jan 2, 2025 5:24pm
calling mister Tuesday
i am ready to come back mf
come already
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yes yes yes
  • #849,885
  • Jan 2, 2025 5:26pm Jan 2, 2025 5:26pm
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yes yes yes
  • #849,886
  • Jan 2, 2025 5:45pm Jan 2, 2025 5:45pm
Quoting Zebi
{quote} welp...got stopped out -80 pips ...guess bidens economy much stronger than I thot
On the contrary, dollar is going up because of Trump. You were shorting Trump after he won the election and now you're finding out Trump shorters and naysayers always lose. Don't be that kind of loser. It's time for you to accept the truth and benefit from it.
You cannot fail if you never give up.
  • #849,887
  • Jan 2, 2025 6:57pm Jan 2, 2025 6:57pm
Quoting trumps
{quote} No ok, make that 2368 afterall
Yes. you are great. You got it dead right. The intrigue was what PA did when it got there. It suddenly burst down to 2353 and when it came back up all attempts by the market get down again to that area failed and 2368 became the stumbling block.

Once again, kudos.
  • #849,888
  • Jan 2, 2025 7:13pm Jan 2, 2025 7:13pm
Quoting Obdyx
{quote} Yes. you are great. You got it dead right. The intrigue was what PA did when it got there. It suddenly burst down to 2353 and when it came back up all attempts by the market get down again to that area failed and 2368 became the stumbling block. Once again, kudos.
Thx for that. Taking just a little long to 2416
Compulsions can be hard to resist
  • #849,889
  • Jan 2, 2025 8:09pm Jan 2, 2025 8:09pm
Quoting 7154Superman
Hi all! Long time, no see... I've been trading demo, and now live again for the last 3 weeks, starting with $153.15 USD with a system of stop loss of max 5% of account balance, going all in every trade at 50:1 leverage. Just 1 account, 1 trade at a time, in and out and done. I'm not holding trades for long. Minimum TP is 5% of account balance, max SL at 5%. Depending on the situation, TP can be 50% or more, but stop loss cannot be more than 5%. I'm currently just...
Hi Superman,
Seems like a good strategy.

"I'm not holding trades for long."

Assuming you trade with a size of 0.01 and an account balance of $ 153.00:
your SL would be ≤75 pips/±$ 7.50 (5%); and TP ≥765 pips/±$ 76.50 (50%)
However, price swings have rarely reached 300 pips in a week (lately).

How long do you hold your trade, usually?
  • #849,890
  • Jan 2, 2025 8:19pm Jan 2, 2025 8:19pm
Quoting 7154Superman
{quote} On the contrary, dollar is going up because of Trump. You were shorting Trump after he won the election and now you're finding out Trump shorters and naysayers always lose. Don't be that kind of loser. It's time for you to accept the truth and benefit from it.

I'm licking my wounds super but it isn't too serious damage

I'm still bullish GU and the deepstate and bearish the trumpdollar
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short trump and go long the deepstate
  • #849,891
  • Jan 2, 2025 9:16pm Jan 2, 2025 9:16pm
Quoting Zebi
{quote} I'm licking my wounds super but it isn't too serious damage I'm still bullish GU and the deepstate and bearish the trumpdollar {image}
Need to work more on your trade/risk management. It comes with too much Stoploss. The standard is always around 30/40 pips. That's enough to pick all on the table.

Again, In line with Mitiblotch, I also have the opinion it's not really about Trump but market structure. Though that's your own way of given analysis.

Wishing you a new year filled with green pips.
Market Structure is the King.....
  • #849,892
  • Jan 2, 2025 9:19pm Jan 2, 2025 9:19pm
Checking pa ,1st target bounce can be just above 2410 , 2nd 2438, anyway still to sleep for 2 hours , may act at 2410+. Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #849,893
  • Jan 2, 2025 9:38pm Jan 2, 2025 9:38pm
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E. and BP. 5' --- I am afraid there might be another stab lower. . . .

  • #849,894
  • Jan 2, 2025 9:54pm Jan 2, 2025 9:54pm
I"m looking for a retrace then next move down. The MN and weekly are both down
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  • #849,895
  • Jan 2, 2025 10:27pm Jan 2, 2025 10:27pm
A longer term perspective..

Will history repeat?
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  • #849,896
  • Jan 2, 2025 10:59pm Jan 2, 2025 10:59pm
Looks like its stuck in the bearish trend. I am looking out for 1.2470, might shake things up a bit!
  • #849,897
  • Jan 2, 2025 11:23pm Jan 2, 2025 11:23pm
Quoting ChelseaR
Looks like its stuck in the bearish trend. I am looking out for 1.2470, might shake things up a bit!
agreed. its upside is getting bigger. might want to drive up soon
  • #849,898
  • Jan 2, 2025 11:56pm Jan 2, 2025 11:56pm
more like this then?
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  • #849,899
  • Edited 2:45am Jan 3, 2025 1:55am | Edited 2:45am
Quoting fontu
Checking pa ,1st target bounce can be just above 2410 , 2nd 2438, anyway still to sleep for 2 hours , may act at 2410+. Take care {image}
So starts with short scalping having signal 2387 for 2373. If all ok before over 2438 / 54 play next
Approaching better level 2410+ though , watching
Now signal 2389

Eurusd 1st confirmation 0369
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #849,900
  • Jan 3, 2025 2:26am Jan 3, 2025 2:26am
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yes yes yes
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