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Cable Update (GBPUSD)

  • #868,061
  • Nov 6, 2025 1:50am Nov 6, 2025 1:50am
Quoting nubcake
Something something doji hammer buttlick pattern. Am I doing this right? Am I a trader yet?
Yea nubcakes back, he does love to read our posts...
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  • #868,062
  • Nov 6, 2025 2:24am Nov 6, 2025 2:24am
G/M, small pip range y/day, ie a <30day adr bullish dly candle, with 3 x 1hr attempts to get south of the prev day's lo all meeting with demand and a move up. Today so far, a small range Asian session with the AL still the CDL, and false 1st upside b/o of the AH to the CDH.

1hr below

...63pip upside p/back so far off the 3009 CWL. The 50% of the CWH-CWL downmove is @ 3086. There exists a pattern of bearish hidden div on my 2hr and 4hr osc's that may hold good so long as price stays below the CWH @ 3162/63.

4hr below.
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Trader with an Edge.
  • #868,063
  • Nov 6, 2025 2:39am Nov 6, 2025 2:39am
Quoting Headland
G/M, small pip range y/day, ie a <30day adr bullish dly candle, with 3 x 1hr attempts to get south of the prev day's lo all meeting with demand and a move up. Today so far, a small range Asian session with the AL still the CDL, and false 1st upside b/o of the AH to the CDH. 1hr below {image}
...... that 61.8 is looking gud, any reaction around that area is irresistable, .......
MARKET ABHORS LAZINESS,DOING MY HOMEWORK ....
  • #868,064
  • Nov 6, 2025 2:48am Nov 6, 2025 2:48am
Quoting msqk
{quote} ...... that 61.8 is looking gud, any reaction around that area is irresistable, .......
Hi, if you mean the one of the CWH-CWL down move that goes thru the prev 1hr/4hr sw lo zone = pot sbr @ LWL, then yeh, it's a somewhat 'obvious' area for sellers if tested. Maybe too obvious,? - and how may times do we see price just go beyond sbr/rbs and then go back in the trend direction?
Trader with an Edge.
  • #868,065
  • Nov 6, 2025 3:13am Nov 6, 2025 3:13am
Quoting Yngwie
Long 1.3057
Quoting Yngwie
{quote} add 1.3035
closed total 80p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #868,066
  • Nov 6, 2025 3:24am Nov 6, 2025 3:24am
... that 50% of CWH-CWL move reached @ CDH, some sellers there. Will there be any buy the dip types on the p/back re the move up from 3010 YL/CWL, or will the sell the rally types of the larger downtrend prevail? Unsurprisingly ema's are split across the t/f's right now, with lower t/f's reflecting the move up from 3010 YL/CWL.

1hr then 10/20/40 ema crosses graphic below
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Trader with an Edge.
  • #868,067
  • Edited 4:09am Nov 6, 2025 3:58am | Edited 4:09am
...another couple of fibs reached @ CDH (fibs, fibs everywhere,) a 3 fib cluster 3086-90 in a 3085-3104 fib zone, (ie a zone is wider than a cluster.) Fib clusters to the immediate upside I see are 3118-31 (5,) 3186-93 (5,) then 3206-12 (3,) all assuming 3010 stays the lo of these moves down to which they relate.

EDIT: typo.

4hr/1hr below
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Trader with an Edge.
  • #868,068
  • Nov 6, 2025 4:14am Nov 6, 2025 4:14am
Quoting Headland
...another couple of fibs reached @ CDH (fibs, fibs everywhere,) a 3 fib cluster 3086-90 in a 3085-3106 fib zone, (iIe a zone is wider than a cluster.) Fib clusters to the immediate upside I see are 3118-31 (5,) 3186-93 (5,) then 3206-12 (3,) all assuming 3010 stays the lo of these moves down to which they relate. 4hr/1hr below {image}
..... the on set of the bull move was distorted in my own way of explaining the occurrence, and the resulting flip on LFT is very enticing but the dotted line dilutes the confidence ......... Anyway that aside, anything is feasible as the market is a double edged sword.
MARKET ABHORS LAZINESS,DOING MY HOMEWORK ....
  • #868,069
  • Nov 6, 2025 4:21am Nov 6, 2025 4:21am
...the Uk Boe/Mpc later is probably going to be a non-event insofar as the current 4.00% rate goes, ie likely no change. It's the vote they'll be watching, for any movement in it.

Upside follow-thru on y/day's bullish dly candle today so far today, but price still within the body of Tuesday's bearish thrust candle on the same t/f.

Dly below
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Trader with an Edge.
  • #868,070
  • Nov 6, 2025 4:53am Nov 6, 2025 4:53am
Quoting Pat Chiko
{quote} CABLE I decide to gamble a bit , who know it may be my lucky day toward tomorrow UK Official Bank Rate {image}
CABLE

Ready to rumble for today main event ?

Here's my newbie view at glance.
According to Commerzbank, despite inflation cooling somewhat, it is unlikely that the BoE will cut interest rates today.

The BoE will publish fresh inflation/forecast updates, and the press-conference could signal future moves (e.g., a December cut) even if today’s decision is to hold.
The macro backdrop is mixed: inflation remains sticky, economic growth is fragile, and the upcoming UK Budget adds uncertainty.

This is my position holding to SHORT & LONG position.
If, luck, i may profit from both side, if not lucky, will get the stopped out.........
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Please share your view on the upcoming event (MPC) and help newbie like me to learn,
Thanks in advance.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #868,071
  • Nov 6, 2025 4:54am Nov 6, 2025 4:54am
Quoting Pat Chiko
{quote} CABLE Ready to rumble for today main event ? Here's my newbie view at glance....
Nice summary Pat. Can't really add to that.
----------------------
...price currently farting around just off the CDH.

5min below
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Trader with an Edge.
  • #868,072
  • Nov 6, 2025 4:58am Nov 6, 2025 4:58am
This is my newbie question..........

Why is it that when we’re deep in drawdown, we hold on to losing trades like our life depends on it — but when we’re finally in profit, we close it faster than lightning, only to watch price keep running in our favour?

What’s going on in our trader psychology here?
Curious to hear how you all deal with this mental trap.

Anyone can help me as newbie like to learn.

Thank you
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #868,073
  • Nov 6, 2025 5:04am Nov 6, 2025 5:04am
Quoting Pat Chiko
This is my newbie question.......... Why is it that when we’re deep in drawdown, we hold on to losing trades like our life depends on it — but when we’re finally in profit, we close it faster than lightning, only to watch price keep running in our favour? What’s going on in our trader psychology here? Curious to hear how you all deal with this mental trap. Anyone can help me as newbie like to learn. Thank you
Greed and Fear, big bank small lots helps
Zebi or Wavegarrick would be the best to ask...
  • #868,074
  • Nov 6, 2025 5:19am Nov 6, 2025 5:19am
Quoting Pat Chiko
This is my newbie question.......... Why is it that when we’re deep in drawdown, we hold on to losing trades like our life depends on it — but when we’re finally in profit, we close it faster than lightning, only to watch price keep running in our favour? What’s going on in our trader psychology here? Curious to hear how you all deal with this mental trap. Anyone can help me as newbie like to learn. Thank you
Apparently humans suffer/gain from pain/reward respectively differently. Psychologically, loss is apparently twice as painful as the pleasure of gain, so we are more likely to a close winning trade too soon as we fear a loss more. It is a common problem amongst newbie traders for sure, (although I don't count you amongst them lol,!) but one that can be resolved by trading with a proven edge that has a positive expectancy / trade, over the sample size of trades it is proven net profitable over.
As Rob says above, the problem is exacerbated by trading with too much risk, which particularly retailers tend to do, because from their typical relatively 'small' banks/margin they try to make any pip gain meaningful in terms of actual money generated.
Trader with an Edge.
  • #868,075
  • Nov 6, 2025 5:23am Nov 6, 2025 5:23am
Quoting Headland
...the Uk Boe/Mpc later is probably going to be a non-event insofar as the current 4.00% rate goes, ie likely no change. It's the vote they'll be watching, for any movement in it. Upside follow-thru on y/day's bullish dly candle today so far today, but price still within the body of Tuesday's bearish thrust candle on the same t/f. Dly below {image}
pound seems to be getting pumped up till now atleast
  • #868,076
  • Edited 5:43am Nov 6, 2025 5:28am | Edited 5:43am
Quoting Waveskierrob
{quote} Greed and Fear, big bank small lots helps Zebi or Wavegarrick would be the best to ask...

i also have some longs but not from the roof top
MY OPINION NOT FINANCIAL ADVISE
  • #868,077
  • Nov 6, 2025 5:30am Nov 6, 2025 5:30am
Quoting Suj
{quote} pound seems to be getting pumped up till now atleast
Hi, yeh, might be in for a 'buy the rumour/sell the fact' re upcoming Uk Boe stuff, or not?
Trader with an Edge.
  • #868,078
  • Nov 6, 2025 5:44am Nov 6, 2025 5:44am
Quoting Waveskierrob
{quote} Greed and Fear, big bank small lots helps Zebi or Wavegarrick would be the best to ask...
Quoting Headland
{quote} Apparently humans suffer/gain from pain/reward respectively differently. Psychologically, loss is apparently twice as painful as the pleasure of gain, so we are more likely to a close winning trade too soon as we fear a loss more. It is a common problem amongst newbie traders for sure, (although I don't count you amongst them lol,!) but one that can be resolved by trading with a proven edge that has a positive expectancy / trade, over the sample size of trades it is proven net profitable over. As Rob says above, the problem is exacerbated...

Thanks both for the solid inputs — really appreciate you taking the time to share your thoughts

Waveskie, haha yeah, greed and fear always at play!
And true, some traders just can’t let go of that “it’ll come back by Christmas” mindset.
Maybe it’s not even about being wrong or right anymore — more like an emotional attachment to the trade itself

Headland, spot on with the psychology bit.
The pain of loss being twice as strong as the pleasure of gain really explains why we behave that way.

I totally agree that having a proven edge (and sticking to proper risk management) helps remove some of that emotional bias.
I think what traps most traders, including myself sometimes, is that we want to be right more than we want to be profitable.

So instead of managing the trade logically, we end up managing our ego.

Just a wish Nubcake will give his view on my next question :
Curious to know — how do you personally deal with this?
Do you have a rule or mental trick that helps you cut losers fast or let winners run?

Thanks
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #868,079
  • Nov 6, 2025 5:45am Nov 6, 2025 5:45am
Tp 1.31213 adr high
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yes yes yes
  • #868,080
  • Nov 6, 2025 5:47am Nov 6, 2025 5:47am
...23.6% of the LWH-CWL downmove @ the CDH, just shy of LWL. Uk event risk coming up at top of this hour, and beyond, re Press conf.

4hr/1hr below
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Trader with an Edge.
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