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Cable Update (GBPUSD)

  • #850,601
  • Jan 14, 2025 3:06am Jan 14, 2025 3:06am
Quoting suhas316
I will wait {image}
could be onto something that’s a pretty big drop in little time for GU..
Insane in the Brain..
  • #850,602
  • Jan 14, 2025 3:09am Jan 14, 2025 3:09am
Quoting BeeTogether
{quote} could be onto something that’s a pretty big drop in little time for GU..
Yes more then 40 pips ... I wanted to sell in fvg but still want to confirm the downtrend ...let's see
!! Radha Radha !!
  • #850,603
  • Jan 14, 2025 3:21am Jan 14, 2025 3:21am
Quoting jjoohhnnyy13
{quote} Still I would put on the 1st place Money Management before trading psychology... Bcs I believe nothing more than MM is number 1. That's stay behind the succes ofcourse + another aspects..
Hi, we dont get to choose which one w'd put first. Its a process.

During a draw up, everyone is a super trader, but the moment they incur 2 consecutive loss, they disappear and re-appear when they reload their $500 account. or they start changing strategy. Margin call is their stop loss (gambling)
This cycle repeat on itself, and very few are achieving geometric mean growth.

But the best trader isnt the one who make the most money, but the one who consistently make it and also able to grow from his Drawdown.
More time in the market, does not mean you trade better!
  • #850,604
  • Jan 14, 2025 3:29am Jan 14, 2025 3:29am
Quoting suhas316
{quote} Yes more then 40 pips ... I wanted to sell in fvg but still want to confirm the downtrend ...let's see
GU seems to be the only pair in red so far this morning.. something fishy going on
Insane in the Brain..
  • #850,605
  • Jan 14, 2025 3:30am Jan 14, 2025 3:30am
Quoting Moty
{quote} Yes yes yes {image}
MrNoBody Return Today: na
  • #850,606
  • Jan 14, 2025 3:31am Jan 14, 2025 3:31am
...so, 2nd upside b/o of y/day's hi is false to 30min so far, and now a 1st downside b/o of Asian lo to a new current dly lo. 2 and likely 3 x 1hr attempts then to get north of that prev 1hr/4hr sw lo zone = prev supp = prev sbr = pot sbr that starts @ 2237 resulting a prev 1hr/4hr sw hi = prev prev res = pot res there now up to Asian hi/current dly hi. price still trades below the Yrly, Mthly and Wkly pivots, but opened above the new Dly pivot and has stayed above it so far today.

There are repeating patterns of bearish hidden div on 1hr, 2hr and 4hr @ said Asian hi/current dly hi. Is there anymore left in the bears' arsenal re this multi t/f 1hr+ downtrend?

4hr then 1hr below
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Trader with an Edge.
  • #850,607
  • Jan 14, 2025 3:35am Jan 14, 2025 3:35am
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yes yes yes
  • #850,608
  • Jan 14, 2025 3:45am Jan 14, 2025 3:45am
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yes yes yes
  • #850,609
  • Jan 14, 2025 3:48am Jan 14, 2025 3:48am
The pound-dollar pair reversed its long downward trend and rose, but is currently being rejected, and a magenta blue down signal has appeared. However, it is still too early for a downward trend, so the downward trend will be seen once the BOS is broken. The dollar-yen pair has risen due to expectations of indicators, so caution is required.
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  • #850,610
  • Jan 14, 2025 4:03am Jan 14, 2025 4:03am
Quoting Headland
...so, 2nd upside b/o of y/day's hi is false to 30min so far, and now a 1st downside b/o of Asian lo to a new current dly lo. 2 and likely 3 x 1hr attempts then to get north of that prev 1hr/4hr sw lo zone = prev supp = prev sbr = pot sbr that starts @ 2237 resulting a prev 1hr/4hr sw hi = prev prev res = pot res there now up to Asian hi/current dly hi. price still trades below the Yrly, Mthly and Wkly pivots, but opened above the new Dly pivot and has stayed above it so far today. There are repeating patterns of bearish hidden div on 1hr, 2hr and...
i still favour bear side. i think market wants to see 1.2000- 1.2050
trading is like dancing, don't think and just listen to the music!
  • #850,611
  • Jan 14, 2025 4:08am Jan 14, 2025 4:08am
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yes yes yes
  • #850,612
  • Jan 14, 2025 4:17am Jan 14, 2025 4:17am
Quoting birdland
{quote} i still favour bear side. i think market wants to see 1.2000- 1.2050
Hi. I have no idea, and the market doesn't care what we think. Anything can happen. Price did reach the wkly and dly parts of the prev 4hr/dly/wkly sw lo zone = prev supp = pot supp that goes down to 2069 @ y/day's current wkly lo, and this is coexistent and 1st test of the prev dly/wkly/mthly sw lo zone = prev supp = pot supp that extends down to 2038 and may prove more significant if tested by price?

---------------------------------------------

...50% of y/day lo - current dly hi/Asian hi move reached @ current dly lo, this after a 1st downside b/o of Asian lo. 76% of 30day adr traveled by price so far today.

1hr then wkly below
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Trader with an Edge.
  • #850,613
  • Jan 14, 2025 4:18am Jan 14, 2025 4:18am
Quoting Fardeen1209
{quote} Hi, we dont get to choose which one w'd put first. Its a process. During a draw up, everyone is a super trader, but the moment they incur 2 consecutive loss, they disappear and re-appear when they reload their $500 account. or they start changing strategy. Margin call is their stop loss (gambling) This cycle repeat on itself, and very few are achieving geometric mean growth. But the best trader isnt the one who make the most money, but the one who consistently make it and also able to grow from his Drawdown.
It all depends of what u make of your time instead of your money..Constant money flow is a consequence.
chaos is just unknown order
  • #850,614
  • Jan 14, 2025 4:29am Jan 14, 2025 4:29am
Quoting Mitiblotch
I just noticed that I had an old pending buy at 2174 which got triggered. Oh dear!!!
TP hit for this at 2244 for +70 pips
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  • #850,615
  • Jan 14, 2025 4:36am Jan 14, 2025 4:36am
we can see a breakout of a double top chart pattern on M30 timeframe
  • #850,616
  • Jan 14, 2025 4:44am Jan 14, 2025 4:44am
Quoting Meer-Shayhak
we can see a breakout of a double top chart pattern on M30 timeframe
Hi, not seeing that...I can see a downside b/o of what some may consider a 'double bottom' but the 'double top' is intact.
---------------------------------------------------------------------------------------------------------------------------------------

...the last 4hr close (gmt+2 price feed) was per chart below, 45mins ago.

30min then 4hr below
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Trader with an Edge.
  • #850,617
  • Jan 14, 2025 4:45am Jan 14, 2025 4:45am
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yes yes yes
  • #850,618
  • Jan 14, 2025 4:51am Jan 14, 2025 4:51am
Quoting Headland
{quote} Hi, not seeing that...I can see a downside b/o of what some may consider a 'double bottom' but the 'double top' is intact. --------------------------------------------------------------------------------------------------------------------------------------- ...the last 4hr close (gmt+2 price feed) was per chart below, 45mins ago. 30min then 4hr below {image} {image}
yeah this is what I'm talking about
  • #850,619
  • Edited 5:14am Jan 14, 2025 4:51am | Edited 5:14am
Probable news effects , so bounce or break down to short only situation ! Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #850,620
  • Jan 14, 2025 4:51am Jan 14, 2025 4:51am
Quoting Fardeen1209
{quote} Hi, we dont get to choose which one w'd put first. Its a process. During a draw up, everyone is a super trader, but the moment they incur 2 consecutive loss, they disappear and re-appear when they reload their $500 account. or they start changing strategy. Margin call is their stop loss (gambling) This cycle repeat on itself, and very few are achieving geometric mean growth. But the best trader isnt the one who make the most money, but the one who consistently make it and also able to grow from his Drawdown.
Please explain like a man how are you trading profitable with drawing lines on the chart and calling candlesticks supply/demand/liquidity when by fact a candlestick bar is …..? It doesn’t have any information regarding supply and demand or liquidity?

You can use whatever superior money management but it looks more like martingale system managing drawdown without excessive risk you’d need market to move twice as much in the right direction to make up for 1:1 loss isn’t it?

if market would move 1:1 and you’re down then breakeven = 1:1 1% without margin. To be in profit managing same drawdown with profit with same movement you would need to enter with 2% risk. If you don’t know your fail rate how can you know nth of your failures (since any of your gang doesn’t use TE or similar software)

else

2% fail = 3% total and goes on and on.

meaning without excessive risk you’d can’t be profitable with TA.

Statistics don’t lie again
How to succeed in zero sum game?
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