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Cable Update (GBPUSD)

  • #458,261
  • Mar 1, 2018 5:12am Mar 1, 2018 5:12am
shorts in play...
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  • #458,262
  • Mar 1, 2018 5:20am Mar 1, 2018 5:20am
Yep stopped out yet again for +5

We can see on the 1 min price cannot get above the previous averages

We could have taken profit there but if we do then we never get those long running trades.
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  • #458,263
  • Mar 1, 2018 5:25am Mar 1, 2018 5:25am
Here we go again but I missed the 1 min entry....Bet it takes off this time.
  • #458,264
  • Mar 1, 2018 5:26am Mar 1, 2018 5:26am
M5 setup did not panned out, soon 2nd session 8hr will be ending
  • #458,265
  • Mar 1, 2018 5:30am Mar 1, 2018 5:30am
Quoting Nala66
Yep stopped out yet again for +5 We can see on the 1 min price cannot get above the previous averages We could have taken profit there but if we do then we never get those long running trades. {image}
Nala from your chart you are doing a long entry based on positive divergence, but because the setup in itself have not taken out yet any HH or established a HL, the bias in itself to me will be difficult to lean on...
  • #458,266
  • Mar 1, 2018 5:33am Mar 1, 2018 5:33am
Price now testing previous range support now turned resistance, this could be it
  • #458,267
  • Mar 1, 2018 5:34am Mar 1, 2018 5:34am
Just curious, you guys are scalpers?
  • #458,268
  • Mar 1, 2018 5:35am Mar 1, 2018 5:35am
Quoting tunamelt
Just curious, you guys are scalpers?
I scalp but turning on to longer term swing trades
  • #458,269
  • Mar 1, 2018 5:38am Mar 1, 2018 5:38am
Quoting Trade-G
{quote} I scalp but turning on to longer term swing trades
No wonder~ I wonder if i should try scalping. Any tips for me?
  • #458,270
  • Mar 1, 2018 5:45am Mar 1, 2018 5:45am
Quoting Trade-G
{quote} Nala from your chart you are doing a long entry based on positive divergence, but because the setup in itself have not taken out yet any HH or established a HL, the bias in itself to me will be difficult to lean on...
That is correct TG I am just assuming the bottom has been reached on the 1 hour and so I just keep taking the Bull Divs on the 1 min. I don't know which one will eventually break but then that is trading.
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  • #458,271
  • Mar 1, 2018 5:46am Mar 1, 2018 5:46am
Quoting tunamelt
{quote} No wonder~ I wonder if i should try scalping. Any tips for me?
Anything lower than 5min can be tough
  • #458,272
  • Mar 1, 2018 5:47am Mar 1, 2018 5:47am
Quoting Nala66
{quote} That is correct TG I am just assuming the bottom has been reached on the 1 hour and so I just keep taking the Bull Divs on the 1 min. I don't know which one will eventually break but then that is trading.
Ok I understand your style...
  • #458,273
  • Mar 1, 2018 5:50am Mar 1, 2018 5:50am
Quoting Trade-G
{quote} Ok I understand your style...
on my previous post chart on hourly chart I see bottom has reached but again it could go any direction..
  • #458,274
  • Mar 1, 2018 5:52am Mar 1, 2018 5:52am
buy GU now full margin..

got insider info from my contact
  • #458,275
  • Mar 1, 2018 6:10am Mar 1, 2018 6:10am
Quoting Trade-G
{quote} Anything lower than 5min can be tough
Errmmm meaning scalping at M5 or M15 is a more ideal time? ^^

Quoting StopHunt
buy GU now full margin.. got insider info from my contact
What's the tp and sl? Okay I've sold my house just for on this :3

J/k, I'm long after seeing the doji 2 hours ago
  • #458,276
  • Mar 1, 2018 6:13am Mar 1, 2018 6:13am
Probably one of the hardest things to do in trading is getting a trade started and it all begins at the 1 minute level (Not withstanding Ticks) so I try to get my entries at the 1 min because this is also where the risk is less, a requirement I desire for my lot sizes.

A 5 pip stop for me is quite enough but I have to get the entry on the ball, too late and I don't take the trade.

Look at this one it is now panning out because I missed it by posting here.

The questions I would now be asking myself is, Is it going to stop the one hour average or will it bounce of it or indeed will it even make it.

It is always the same process...

!) Identify a potential turn point.

2) Look for divs on the 1 min for entries.

3) Get the stop to break even.

4) Get the stop to lock in 5 pips.

5) Then let the trade run if it is going to.
  • #458,277
  • Mar 1, 2018 6:36am Mar 1, 2018 6:36am
Quoting tunamelt
{quote} Errmmm meaning scalping at M5 or M15 is a more ideal time? ^^ {quote} What's the tp and sl? Okay I've sold my house just for on this :3 J/k, I'm long after seeing the doji 2 hours ago
try M5
  • #458,278
  • Mar 1, 2018 6:45am Mar 1, 2018 6:45am
OK I am off to bed

Only 17 pips for the entire day.
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  • #458,279
  • Mar 1, 2018 7:14am Mar 1, 2018 7:14am
The pair seems to hold steady on the downside ahead of US core PCE inflation for January, break below 1.3720 would confirm further decline.
  • #458,280
  • Mar 1, 2018 7:24am Mar 1, 2018 7:24am
Quoting Nala66
Probably one of the hardest things to do in trading is getting a trade started and it all begins at the 1 minute level (Not withstanding Ticks) so I try to get my entries at the 1 min because this is also where the risk is less, a requirement I desire for my lot sizes. A 5 pip stop for me is quite enough but I have to get the entry on the ball, too late and I don't take the trade. Look at this one it is now panning out because I missed it by posting here. The questions I would now be asking myself is, Is it going to stop the one hour average or...
Thanks for the advice. Is the 5pip stop excluding the spread? I'm thinking whether scalping suits me more since I like fast action and seems okay for the first 10-15pips but the actual TP (30pips) would turn against me before I hit it.

Quoting Trade-G
{quote} try M5
Thanks TG! Still trying to learn scalping as much as possible.
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