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Cable Update (GBPUSD)

  • #860,561
  • May 28, 2025 8:39am May 28, 2025 8:39am
Quoting Waveskierrob
{quote} ...so the market is behaving as it should....
So you you know what it "should" be doing while also previously saying that you can't possibly know?
  • #860,562
  • May 28, 2025 8:40am May 28, 2025 8:40am
took profit on short
switched to long
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yes yes yes
  • #860,563
  • May 28, 2025 8:45am May 28, 2025 8:45am
Long 1.3450 SL 1.3430
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #860,564
  • May 28, 2025 8:45am May 28, 2025 8:45am
Quoting MrFanciful
{quote} So you you know what it "should" be doing while also previously saying that you can't possibly know?
I don't know which direction, but I do know the market does what it wants and I'm always 100% right "the market does what it wants"...
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  • #860,565
  • May 28, 2025 9:15am May 28, 2025 9:15am
Quoting MrFanciful
{quote} So you you know what it "should" be doing while also previously saying that you can't possibly know?
Honestly, Nobody knows .....

It's a game of probability with precise ability to take risk.

For example, the trade that gave me money today happened to be same setup that took my money just yesterday.

A friend that traded against me yesterday i.e ricmaj made money yesterday and lost to same setup today....

Similar scenario happened in the last Wavegarrick trade that gave him 160 pips.... If he failed to take profit should be in disaster atm.

For me, there is a high probability to form a new direction at the current daily low, while some traders here are still predicting a movement downward. It's all a game of probability. I am not Right and they are not also wrong.

It's a games with precise knowledge to manage risk.
Market Structure is the King.....
  • #860,566
  • May 28, 2025 9:16am May 28, 2025 9:16am
Quoting birdland
my lines&zones today {image}

today GU respects lines&zones perfect;-)
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trading is like dancing, don't think and just listen to the music!
  • #860,567
  • May 28, 2025 9:21am May 28, 2025 9:21am
Quoting Yngwie
Long 1.3450 SL 1.3430
Closed 30p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #860,568
  • May 28, 2025 9:32am May 28, 2025 9:32am
Quoting Zebi
oh boy oh boy.... fighting on the weekend can only mean one thing LOL https://youtu.be/6GNeswey4hA
https://www.thesun.co.uk/news/politi...rachel-reeves/

i forgot what was in the fake UK deal they announced couple weeks ago but humpty changes his mind as often as he farts and lets not forget hes tryin to start a worldwide recession so a pissant economy like britains will fair worse than eu's or americas

i ridiculed and laughed at all the BRICS aficionados the past several years but humpty single-handedly giving them legitimacy and a push start to cause the dollar problems in the next 5 years

i havent researched yet how worlds currencies reacted during the last worldwide depression in the 1030's but its prolly something to check out since that led up to a world war
short trump and go long the deepstate
  • #860,569
  • May 28, 2025 9:36am May 28, 2025 9:36am
Quoting Moty
took profit on short switched to long {image}
let's go
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yes yes yes
  • #860,570
  • May 28, 2025 9:57am May 28, 2025 9:57am
Quoting birdland
{quote} today GU respects lines&zones perfect;-) {image}
Trying a Swing trade, I need to observe certain parameters before attempting a Buy.... In most cases, my entry comes with higher stop...

Keeping my hands crossed ...
Market Structure is the King.....
  • #860,571
  • May 28, 2025 10:04am May 28, 2025 10:04am
Shorting UJ at 14480 TP maybe 30 - 50 pips
Insane in the Brain..
  • #860,572
  • Edited 12:43pm May 28, 2025 10:16am | Edited 12:43pm
Quoting Abeylyn
{quote} Honestly, Nobody knows ..... It's a game of probability with precise ability to take risk. For example, the trade that gave me money today happened to be same setup that took my money just yesterday. A friend that traded against me yesterday i.e ricmaj made money yesterday and lost to same setup today.... Similar scenario happened in the last Wavegarrick trade that gave him 160 pips.... If he failed to take profit should be in disaster atm. For me, there is a high probability to form a new direction at the current...
Abeylyn, if you give yourself more time to study the last glorified Leon the Shark trade, you will notice that he was underwater for 16 days with the highest DD at about 300 pips. But he trades 2.5 cents per lot so he can afford to be in the hole for $7.5. You should know that he stays in the position until he is profitable.
Note his entry and ask yourself if you entered the long trade in this spot after 19 years of playing the markets.
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Always trade your own plan...I don't provide trading signals.
  • #860,573
  • May 28, 2025 10:20am May 28, 2025 10:20am
Quoting Coreg2004
{quote} Abeylyn, if you give yourself more time to study the last glorified Leon the Shark trade, you will notice that he was underwater for 16 days with the highest DD at about 300 pips. But he trades 2.5 cents per lot so he can afford to be in the hole for $7.5. You should know that he stays in the position until he is profitable. Note his entry and ask yourself if you would enter the long trade in this spot after 19 years of playing the markets. {image}
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  • #860,574
  • May 28, 2025 10:30am May 28, 2025 10:30am
Quoting Coreg2004
{quote} Abeylyn, if you give yourself more time to study the last glorified Leon the Shark trade, you will notice that he was underwater for 16 days with the highest DD at about 300 pips. But he trades 2.5 cents per lot so he can afford to be in the hole for $7.5. You should know that he stays in the position until he is profitable. Note his entry and ask yourself if you would enter the long trade in this spot after 19 years of playing the markets. {image}
Exactly.

Ideal to cut the loss immediately and re-examine price status.

I have learnt my own lessons in a bitter way
Market Structure is the King.....
  • #860,575
  • May 28, 2025 10:55am May 28, 2025 10:55am
Quoting Abeylyn
{quote} Exactly. Ideal to cut the loss immediately and re-examine price status. I have learnt my own lessons in a bitter way
...or reverse positions when the breakout fails
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Always trade your own plan...I don't provide trading signals.
  • #860,576
  • May 28, 2025 11:03am May 28, 2025 11:03am
Quoting Abeylyn
{quote} Honestly, Nobody knows ..... It's a game of probability with precise ability to take risk. For example, the trade that gave me money today happened to be same setup that took my money just yesterday. A friend that traded against me yesterday i.e ricmaj made money yesterday and lost to same setup today.... Similar scenario happened in the last Wavegarrick trade that gave him 160 pips.... If he failed to take profit should be in disaster atm. For me, there is a high probability to form a new direction at the current daily low, while some traders...

I said it was a Risky sell but i was quick to reposition when the probability of occurrence became clearer even where i didnt post the trade call.
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Keep the Lights on then you can catch the rise from the dark.
  • #860,577
  • May 28, 2025 11:10am May 28, 2025 11:10am
better take position when price come back from exetreme
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yes yes yes
  • #860,578
  • May 28, 2025 11:42am May 28, 2025 11:42am
[quote=Forgediron;15259205]
Quoting Wavegarrick
{quote} Your analysis and insights are excellent. a great contributor with specific information we can consider
Thanks, Forgediron. Appreciate it.
Cheers
Trade to trade another day
  • #860,579
  • May 28, 2025 11:45am May 28, 2025 11:45am
[quote=Wavegarrick;15259694]
Quoting Forgediron
{quote} Thanks, Forgediron. Appreciate it. Cheers
Get one of these...
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  • #860,580
  • May 28, 2025 11:56am May 28, 2025 11:56am
I'm short EU since Monday. It's looking more and more like EU not planning a bounce, but heading straight for 1.12000
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