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Cable Update (GBPUSD)

  • #466,821
  • Oct 24, 2018 5:52am Oct 24, 2018 5:52am
Quoting Gilaforex13
{quote} So, this is bull time?
not really bro, better look for new entry to short, the sell momentum is stronger now
  • #466,822
  • Oct 24, 2018 5:54am Oct 24, 2018 5:54am
Quoting Icebot53
{quote} I bloody hope so... I don't want to close these trades with a loss man!
previous 2 daily candles , one engulfing bearish with bearish pin par ,i think today we can go 2800
  • #466,823
  • Oct 24, 2018 6:01am Oct 24, 2018 6:01am
Quoting ppxdf
great Alan, just to say, thank you!!! as usual, you help us a lot;
No worries...

I tightened my stops when it hit the 2902 and was stopped out at 2908. It could spend a while in this area.
  • #466,824
  • Oct 24, 2018 6:05am Oct 24, 2018 6:05am
The bulls may appear to be losing 2930 for now but what M15 and M30 are printing at the moment do not suggest that the bulls have lost it
  • #466,825
  • Oct 24, 2018 6:06am Oct 24, 2018 6:06am
Quoting Gilaforex13
{quote} So, this is bull time?
No I wouldn't say that.
  • #466,826
  • Oct 24, 2018 6:13am Oct 24, 2018 6:13am
Quoting Nala66
{quote} No I wouldn't say that.
Yupz,no signal yet. May be tomorrow
  • #466,827
  • Oct 24, 2018 6:13am Oct 24, 2018 6:13am
the safest way to buy GBPUSD is only if it goes above 1.3045

any buying below is just picking bottom and you might just catch a falling knife
  • #466,828
  • Oct 24, 2018 6:15am Oct 24, 2018 6:15am
Quoting Nala66
{quote} No worries... I tightened my stops when it hit the 2902 and was stopped out at 2908. It could spend a while in this area.
Your loss management strategy is first-rate. What principles do you follow in putting your stop losses?
  • #466,829
  • Oct 24, 2018 6:18am Oct 24, 2018 6:18am
Done for the day.... this region will likely linger here for awhile.... good night and seeya all
  • #466,830
  • Oct 24, 2018 6:20am Oct 24, 2018 6:20am
Currently on 20% draw down, a new long added at 1.2905 to target 1.3065. No pressure as the Bulls will always come around.
Data + Stat + Risk/Emotions Management
  • #466,831
  • Oct 24, 2018 6:22am Oct 24, 2018 6:22am
Quoting Georginson
Currently on 20% draw down, a new long added at 1.2905 to target 1.3065. No pressure as the Bulls will always come around.
What triggers you to long? THis zone although have some support but not good to go long now
  • #466,832
  • Oct 24, 2018 6:23am Oct 24, 2018 6:23am
Quoting Bydyke
{quote} Your loss management strategy is first-rate. What principles do you follow in putting your stop losses?
When it hits the target on the 5 min...I then look at the 1 min and place stop 2 pips above previous high.

Like this...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 73 KB
  • #466,833
  • Oct 24, 2018 6:23am Oct 24, 2018 6:23am
Near S2 region is the downside objective about 1.2879
  • #466,834
  • Oct 24, 2018 6:23am Oct 24, 2018 6:23am
Quoting msniper
the safest way to buy GBPUSD is only if it goes above 1.3045 any buying below is just picking bottom and you might just catch a falling knife
1.2900 is cheaper than 1.3045. I do rather buy at 1.2905 and target 1.3045 than buying 1.3045. My risk here is 1.2786. Stay green
Data + Stat + Risk/Emotions Management
  • #466,835
  • Oct 24, 2018 6:27am Oct 24, 2018 6:27am
maybe its time for a break️
going to 2930-55 for a while before continue drop
also maybe i am wrong here
just for a cup of coffee...
  • #466,836
  • Oct 24, 2018 6:28am Oct 24, 2018 6:28am
Quoting akim0895
maybe its time for a break️ going to 2930-55 for a while before continue drop also maybe i am wrong here
No visible reversal setup yet though.... me going for short trip tomorrow... see ya likely evening or Friday
  • #466,837
  • Oct 24, 2018 6:29am Oct 24, 2018 6:29am
Quoting akim0895
maybe its time for a break️ going to 2930-55 for a while before continue drop also maybe i am wrong here
you still holding how many short trade?
  • #466,838
  • Oct 24, 2018 6:34am Oct 24, 2018 6:34am
Quoting Georginson
{quote} 1.2900 is cheaper than 1.3045. I do rather buy at 1.2905 and target 1.3045 than buying 1.3045. My risk here is 1.2786. Stay green
You may need a little more help George. This is a support area only... so far. Nowhere near a reversal yet. You might get away with it if you keep your stops tight like Nala suggested a few posts back
  • #466,839
  • Oct 24, 2018 6:35am Oct 24, 2018 6:35am
GBPUSD Update:

Gartley Pattern for Long
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD GARTLEY FOR LONG MR N.jpg Size: 155 KB
  • #466,840
  • Oct 24, 2018 6:36am Oct 24, 2018 6:36am
Quoting Nala66
{quote} When it hits the target on the 5 min...I then look at the 1 min and place stop 2 pips above previous high. Like this... {image}
Great. I got it. Thanks a million. And, of course, you hit the bulls eye with it. As you notice, the bulls seem to be bouncing back at the moment
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