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Cable Update (GBPUSD)

  • #852,361
  • Edited 11:57pm Feb 1, 2025 11:39pm | Edited 11:57pm
GBP/USD UPDATES 2/2/25
The daily trend is bearish, 4 hour trend is bullish and Intraday Sentiment is mixed.

Watching out for price reaction at 1.2330/50 to go long.

Alternatively look for long at the more lower zone 1.2300/20.
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Market Structure is the King.....
  • #852,362
  • Edited Feb 2, 2025 1:05am Feb 1, 2025 11:47pm | Edited Feb 2, 2025 1:05am
Quoting Waveskierrob
{quote} Why do posters have to post a chart or give a trade signal ...
Posting a chart or given a trade call is not the issue here.... but the attacks and negative comments on guys that gives calls/chart .. If chart and calls are made real life, its easy for anyone to spot my mistakes.... Someone who gave real life informations knows there is no perfection in trading.

Without chart or call is fine But no attack on traders that are posting because of failed process/signal.

This other guys will never post a chart but read all post and always come up well prepared to start attacking or condemning.. Though, I did not see them here last week.

Another set though better than the former, keeps quiet when under water but comes out to bragg above water myself in the mirror...

The room as always will continue to be more spicy with jokes, personal experiences, adventure and so on....Common Enemy is the Attack and Condemnation.

Basically, Chart Posting and Trade Calls and Signal are for educational purpose....Anyone can trace on chart and either follow or ignore..
Market Structure is the King.....
  • #852,363
  • Feb 1, 2025 11:48pm Feb 1, 2025 11:48pm
friday i mentioned last weeks drift lower looked like a bullflsg but I didn't say anything about the inverse head and shoulders ...and nobody else did either

so between the daily hitting support with a InvH+S and last weeks candle bein priapic from takin too much viagra ,not to mention this week was a itty bitty inside candle...i know I know I already hear the uproad.... in the zebi simple as fuk system tails arent valued since they represent the dumb momentum retailers chasing after price and they're the ones that make the hi's and ;lows not the smart money that trades just the open/close real bodies

think about that for awhile and try using it in whatever system u use

the weekly candle minus the tails was only about 75 pips
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short trump and go long the deepstate
  • #852,364
  • Edited Feb 2, 2025 12:06am Feb 1, 2025 11:51pm | Edited Feb 2, 2025 12:06am
Quoting Zebi
friday i mentioned the weeks drift lower looked like a bullflsg but I didn't say anything about the inverse head and shoulders ...and nobody else did either so between the daily hitting support with a InvH+S and last weeks candle bein priapic from takin too much viagra ,not to mention this week was a itty bitty inside candle...i know I know I already hear the uproad.... in the zebi simple as fuk system tails arent valued since they represent the dumb momentum retailers chasing after price and they're the ones that make the hi's and ;lows...

at this point people are wondering what the hell is this jerkoff zebi talking about ignoring candle wicks...

if you have tradingview you can delete the wicks in the settings so ur charts look like this below...isn't that an elegant and clean look to the weekly futures chart showing the inside candle ?..i use the futures since that's what the smart money trades in USA not some shitbag bucketshop brokerages so that's what they see
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short trump and go long the deepstate
  • #852,365
  • Feb 2, 2025 12:09am Feb 2, 2025 12:09am
Quoting Abeylyn
{quote} Posting a chart or given a trade call is not the issue here.... but the attacks and negative comments on guys that gives calls/chart .. If chart and calls are made real life, its easy for anyone to spot my mistakes.... Someone who gave real life informations knows there is no perfection in trading. Without chart or call is fine But no attack on traders that are posting because of failed process/signal. This other guys will never post a chart but read all post and be prepared to start attacking or condemning.. Another set though better than...

exactly...i dont comment any anyones chart analysis or trades unless I'm asked to...and I don't start fights and only reply when I'm attacked by dipshits whom I don't respect who never post a trade cause they're scared to LOL
short trump and go long the deepstate
  • #852,366
  • Feb 2, 2025 12:15am Feb 2, 2025 12:15am
Quoting Zebi
{quote} exactly...i dont comment any anyones chart analysis or trades unless I'm asked to...and I don't start fights and only reply when I'm attacked by dipshits whom I don't respect who never post a trade cause they're scared to LOL
Both of you guys are Big Boys. Let all disagreement be placed at rest.

All fraction for you and against should defractionize.

Speaking against you or Coreg comes with devastating consequences because of the crowd you both control.

Let's be united.
Market Structure is the King.....
  • #852,367
  • Feb 2, 2025 3:58am Feb 2, 2025 3:58am
Quoting Mitiblotch
{quote} Bitcoin and Ethereum which have been mirrored by EU and GU have fallen in the past few hours by a lot hence a possible gap down here.
EU and GU down on the weekend markets, looking like I got lucky again...
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  • #852,368
  • Feb 2, 2025 4:39am Feb 2, 2025 4:39am
...I read here on Friday I think it was, a post from someone that suggested that 38pips was 15% of his account, or some such figures, and it just reminded me of something;

If you are involved in a trade that has gone offside, into drawdown, and you are worrying about it - the risk you are taking is too big. Similarly if any of your losing trades are painful, the same applies.

Additionally, the following may also be true;

You may not even have an edge or know it's win rate over a large representative sample (s) of instances, and you may too not know what the probabilities are of a losing run of trades @ that win rate to determine whether your edge is still working (assuming of course that you are trading it per it's rules.) For example if you have a win rate of say 65%, then over the next 50 trades there is a 50.9% chance that you are going to have 4 losers on the run at least once, and a 21.5% of 5, 7.9% of 6, and 2.1% of 7. (Even @ a 25% dd, you have to recover 33% of your remaining account just to get the account back to it's starting balance. So, if you are trading @ 5% risk and the greater probability of 4 losing trades on the run happens, - can you handle an almost 24% drawdown etc...

Of course if you do have a proven edge and have mastered the necessary psychology to trade it profitably, know it's historical win rate, and the probability of a run of losing trades of howsoever many, at that win rate, and know that it has a positive expectancy, and have set your risk size to accommodate what is probable and possible re drawdown without it worrying you, - then no single losing trade, or run of losing trades will worry you or make you feel uncomfortable. Additionally, you will always know that your edge is performing within it's historical statistical bounds. Remember that when you are worried/stressed/in pain/under pressure it affects your ability to make sensible decisions and therefore to continue to trade your edge as it should be traded. Also, having a positive expectancy ensures that effectively even a loser is a winner.
Trader with an Edge.
  • #852,369
  • Feb 2, 2025 5:02am Feb 2, 2025 5:02am
Quoting Headland
...I read here on Friday I think it was, a post from someone that suggested that 38pips was 15% of his account, or some such figures, and it just reminded me of something; If you are involved in a trade that has gone offside, into drawdown, and you are worrying about it - the risk you are taking is too big. Similarly if any of your losing trades are painful, the same applies. Additionally, the following may also be true; You may not even have an edge or know it's win rate over a large representative sample (s) of instances, and you may too not know...
" and have mastered the necessary psychology to trade it profitably "....to me that's all it is...
  • #852,370
  • Feb 2, 2025 5:18am Feb 2, 2025 5:18am
Quoting Headland
...I read here on Friday I think it was, a post from someone ...
Knowledge is everything...money management, psychology , calculations, whatever fit into everything if trader knows to trade

if not then nothing can help. it is just delay to crush
  • #852,371
  • Feb 2, 2025 5:23am Feb 2, 2025 5:23am
if no gap either way , chart as is, then going up
*personal opinion

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  • #852,372
  • Feb 2, 2025 5:38am Feb 2, 2025 5:38am
Quoting Waveskierrob
{quote} Waiting for it to come out on Netflix...
I heard its already on disney +
More time in the market, does not mean you trade better!
  • #852,373
  • Feb 2, 2025 5:45am Feb 2, 2025 5:45am
Quoting Zebi
wavegarrick..i know youve had dealings with this dipshit in the past before I even came into the room...now that twee has retired and there's a new regime that doesn't seem to tolerate nonsense cause they'll temporarily suspend and even revoke members who start dumb shit like coreg2004 always does I know that tooslow emailed both of us last month because of a fight coreg started and asked us both to behave since he's the rooms new moderator maybe another effort on your part will get this dipshit revoked now...ill be willing to help by posting his...
You guys sliding into each other DMs?
More time in the market, does not mean you trade better!
  • #852,374
  • Feb 2, 2025 6:49am Feb 2, 2025 6:49am
I just went short on BTCUSD again!
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My telegram: https://t.me/avidforex
  • #852,375
  • Feb 2, 2025 6:52am Feb 2, 2025 6:52am
Quoting Waveskierrob
{quote} " and have mastered the necessary psychology to trade it profitably "....to me that's all it is...
real!
Consistency isn't Glamorous But That's How Legends are Made
  • #852,376
  • Edited 7:23am Feb 2, 2025 7:03am | Edited 7:23am
Quoting Waveskierrob
{quote} Why do posters have to post a chart or give a trade signal ...
Suzie, it is more productive..hope it helps.
  • #852,377
  • Feb 2, 2025 7:25am Feb 2, 2025 7:25am
Quoting ninner
{quote} Suzie, it is more productive..hope it helps.
Maybe because: "What I am doing and have done is very different from what I thought I would do."

Cheers
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #852,378
  • Feb 2, 2025 7:30am Feb 2, 2025 7:30am
Quoting RoelsMajor
{quote} Maybe because: "What I am doing and have done is very different from what I thought I would do." Cheers
what is your point Suzie???
  • #852,379
  • Feb 2, 2025 7:37am Feb 2, 2025 7:37am
Quoting ninner
{quote} what is your point Suzie???
My point? Maybe hundreds or thousands of pips, perhaps? Lol.
When we've done something, we're practitioners—or even ex-practitioners. But when we merely think about doing it, we're just a dreamer. Maybe that can help you figure it out, Debbie.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #852,380
  • Edited 10:18am Feb 2, 2025 7:41am | Edited 10:18am
Dear Meathead, I don't know why you're upset about me. All I had done was repost your posts and illustrate them with the charts so "those foreigners" you had been talking about so fondly for half of Saturday know your unparalleled genius. I didn't twist your words, I didn't alter your charts. Here is another example.
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We all know how humble and transparent you are so you won't have a problem telling us how much you scored on this trade—GU and futures gold.

Gee, Meahead, I wonder why you didn't call me names when I commented on your girlfriend's Bitcoin trade. Again, I only took information from your post and put it on the chart so "those foreigners" don't need to use Google Translate.
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I'm not your enemy, I am a promotor of your 30 years of experience for free. I don't post here as I want you and other members of CIC to have room to deliver your message. All interested in my analysis can visit my thread.
Always trade your own plan...I don't provide trading signals.
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Feroz.