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Cable Update (GBPUSD)

Bought GU at 1.2180, target 1.2240...
The only reason I am not buying is that today is Friday, which is usually a one-way traffic day. I would have joined in to sell but not this low. The only place I was willing to scalp sell was 232x area. Good luck to the bears. Anything in the 2020s I'm buying with both hands.
Quoting Abeylyn
{quote} I will adjust my Stoploss to break even and wait for price to hit my target @ 1.2335. Alternatively, give back all the gain... Wishing myself goodluck.
Lost my gains back to the market due to poor trade management and over- confidence.

Need for adjustment with current realities
Market Structure is the King.....
Quoting Georginson
Bought GU at 1.2180, target 1.2240...
what's your SL
Quoting mrwealthy
{quote} what's your SL
My stake is just 1.5% hence no stop loss used... I will even add more buy if price drops to 1.20xx...

The maximum first 12 days of January in the last 15 years is 524 pips and so far this first 12 days of January 2025 has done 476 pips range which means risk reward favours buying than selling. I follow my research work strictly.

As always, there is no obligation to follow, this post is for educational purpose on trade positioning and money management.
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E. and BP. 5' --- Looks like there will be a reversal here.........imho.........

Quoting Moty
{quote} i will go with the bears {image}
Yes yes yes
More then 1000 $ in profit for 2025
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yes yes yes
Quoting Abeylyn
{quote} Lost my gains back to the market due to poor trade management and over- confidence. Need for adjustment with current realities
The problem of overconfidence and not taking profit off is almost a general problem. You may as well split your entries and take some partial profit out and let some roll on to intended target. The market doesn't move in a straight line, there will be times it will move in one direction (trend) and there are times it will be ranging to frustrate swing and position traders. I posted something yesterday on when and why price may range at some point in time.
in long 1.2175

sl- none
tp- open

turning point it is
Based on my chart below I have just sold 2181. TP 2101. Timeframe for TP today and Monday at the latest. Then from next week I'll buy for the rest of the year.
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Quoting Georginson
{quote} The maximum first 12 days of January in the last 15 years is 524 pips and so far this first 12 days of January 2025 has done 476 pips range .
Can you tell me what the minimum is?
its all just one persons opinion....
Quoting Pat Chiko
GU after longer extended holiday Big news today.{image}
CABLE

Scalp long for "C" or "3"
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I come from the future.
AI Scalping Mar 25 V32C All Time Profit: $8,959
Quoting Pat Chiko
EU News trade set up{image}
EU

Scalp LONG
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I come from the future.
AI Scalping Mar 25 V32C All Time Profit: $8,959
Quoting axecap
{quote} Can you tell me what the minimum is?
Year 2024 (last year) produced minimum being 194 pips. Chance of having two consecutive minimum range is less than 10%, this explains why we are having explosive start to the year.

Guys follow @fxninja9744 on X for more statistical update on GBPUSD...
Pound continues its sell mode
Compulsions can be hard to resist
if Trump makes good on his word to bring he’ll to Hamas if hostages not released by the 20th Jan, lookout below
Compulsions can be hard to resist
Quoting Pat Chiko
{quote} EU Scalp LONG{image} {image}
https://www.forexfactory.com/thread/...0#post15088640
How to succeed in zero sum game?
G/M...another long lower wicked pinbar on the dly y/day, up from the prev 1hr/4hr/minor dly sw lo zone = prev supp = pot supp that runs down to 2100 current yrly lo. This notwithstanding an attempt to get north of the prev 1hr/4hr sw hi zone = prev res that extends up to y/day's hi faiied, and created the asian hi/current dly hi, and it was all down from there - for another test of the prev 1hr/4hr sw lo zone = prev supp = pot supp that extends down to weds's 2155 lo, which has held so far. 1hr is rangy, and 1st downside b/o of asian lo remains true so far, but 1st downside b/o of y/day's lo was false to 1hr.

1hr below
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Intraday swing scalper (+) via 1min+ repeating set-ups
Quoting Jade Gate
{quote} Eventually. Question is when. Some USD strength looks likely for a bit. {image} {image}
Good estimation. Since 1986 DX Futures opened 48.48% with some gap up.
Let's go mister goldi
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yes yes yes
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