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Cable Update (GBPUSD)

  • #850,841
  • Jan 17, 2025 1:56am Jan 17, 2025 1:56am
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.
Data + Stat + Risk/Emotions Management
  • #850,842
  • Jan 17, 2025 2:02am Jan 17, 2025 2:02am
in long 1.2175

sl- none
tp- open

turning point it is
  • #850,843
  • Jan 17, 2025 2:09am Jan 17, 2025 2:09am
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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  • #850,844
  • Jan 17, 2025 2:15am Jan 17, 2025 2:15am
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
  • #850,845
  • Jan 17, 2025 2:16am Jan 17, 2025 2:16am
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.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #850,846
  • Jan 17, 2025 2:17am Jan 17, 2025 2:17am
Quoting Pat Chiko
EU News trade set up{image}
EU

Scalp LONG
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #850,847
  • Jan 17, 2025 2:21am Jan 17, 2025 2:21am
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...
Data + Stat + Risk/Emotions Management
  • #850,848
  • Jan 17, 2025 2:31am Jan 17, 2025 2:31am
Pound continues its sell mode
Compulsions can be hard to resist
  • #850,849
  • Jan 17, 2025 2:34am Jan 17, 2025 2:34am
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
  • #850,850
  • Jan 17, 2025 3:15am Jan 17, 2025 3:15am
Quoting Pat Chiko
{quote} EU Scalp LONG{image} {image}
https://www.forexfactory.com/thread/...0#post15088640
How to succeed in zero sum game?
  • #850,851
  • Jan 17, 2025 3:19am Jan 17, 2025 3:19am
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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Trader with an Edge.
  • #850,852
  • Jan 17, 2025 3:29am Jan 17, 2025 3:29am
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.
Air force
  • #850,853
  • Jan 17, 2025 3:30am Jan 17, 2025 3:30am
Let's go mister goldi
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yes yes yes
  • #850,854
  • Jan 17, 2025 3:30am Jan 17, 2025 3:30am
Quoting Headland
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...
everything just seem confusing but I will keep watching
  • #850,855
  • Jan 17, 2025 3:34am Jan 17, 2025 3:34am
...@ the current dly lo it's the 3rd 4hr test of the prev 1hr/4hr sw lo zone = prev supp = pot supp that extends down to wed's 2155 lo, (4th 1hr test.)

4hr below
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Trader with an Edge.
  • #850,856
  • Jan 17, 2025 3:40am Jan 17, 2025 3:40am
Got this buy of the oversold stochastic within a 4hr support after the news. Lost a trade on the previous oversold but I'm finishing the week in profit so

Hope you all have a profitable day and have a good weekend.
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  • #850,857
  • Edited 5:19am Jan 17, 2025 3:50am | Edited 5:19am
Quoting Georginson
{quote} 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.
Exactly. I have done just that repeatedly here ... Taken 75% off the table while 25% allowed to run.

Apart from the fact that I was on the road throughout yesterday and could not be viewing chart, a wrong approach of a single entry dropped in my hearth is foolishness...

That's so painful...
Market Structure is the King.....
  • #850,858
  • Jan 17, 2025 3:55am Jan 17, 2025 3:55am
Quoting trumps
{quote} dude…? This pair is collapsing, with 1.22 support soon to become resistance. got to go, all the best.
ok, after overshooting by about 100 pips, to 1.23 resistance, we’re at 1.22 resistance.
Compulsions can be hard to resist
  • #850,859
  • Jan 17, 2025 4:00am Jan 17, 2025 4:00am
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yes yes yes
  • #850,860
  • Jan 17, 2025 4:03am Jan 17, 2025 4:03am
Quoting dempire1
{quote} https://www.forexfactory.com/thread/...0#post15088640
Made another ton load of pips from Pat's posts, he is a trading god...
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