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Cable Update (GBPUSD)

  • #473,921
  • Jan 23, 2019 12:07am Jan 23, 2019 12:07am
Quoting Robinhood1
{quote} You know yoy are not telling the truth. SL is recomended to hunt
so no SL, just tell traders price won't touch it anyway (it did), and just let the trade run?

You DO KNOW that when you close out a losing trade then your mental SL has been hit right?
Come with me if you want to live....
  • #473,922
  • Edited 12:22am Jan 23, 2019 12:12am | Edited 12:22am
Quoting Robinhood1
{quote} Retail market only represents 10% of whats traded every day. Even if we organized to enter same trade together would hardly move the market
Yes my thoughts too but they believe it will work, hoping that if enough traders take the same position it will move the market. These traders are running on hope and not taking a professional approach with strict risk management

You can run a successful account without stop loses but not as a Prop(proprietry) trader. In a firm they demand strict risk management
I listen in on a successful Prop trader Adam everyday and always risk management, risk management, risk management
"manage the risk, tighten up the risk"
Don't Leave Money on the Table
  • #473,923
  • Jan 23, 2019 12:23am Jan 23, 2019 12:23am
Quoting Robinhood1
So far, i have spotted 2 of these employees. Who is next?
I see them also...
Attached Image
Come with me if you want to live....
  • #473,924
  • Jan 23, 2019 12:40am Jan 23, 2019 12:40am
Looks like on the 4hr EUR/USD is finally going to drag itself of the floor, good for cable too....
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4 23 Jan 2018.png Size: 40 KB
Don't Leave Money on the Table
  • #473,925
  • Jan 23, 2019 1:11am Jan 23, 2019 1:11am
Long @ 1.2962

TP 1.2999

SL 1.2940
Don't Leave Money on the Table
  • #473,926
  • Edited 3:18am Jan 23, 2019 2:15am | Edited 3:18am
Quoting HaLBot
Looks like on the 4hr EUR/USD is finally going to drag itself of the floor, good for cable too.... {image}
Spoke way too soon.....LOL

It's certainly a high volume session, heart in your mouth stuff

Okay out @ 1.2978 for 6.5% gain, if drops a bit lower say 1.2970 I'll take another buy otherwise happy to stay on the sidelines, fresh for tomorrow.....
The reason for taking a buy @ 1.2970 is because it's below my close out @ 1.2978 and not for any technical reason.....
Don't Leave Money on the Table
  • #473,927
  • Jan 23, 2019 3:21am Jan 23, 2019 3:21am
I want to sell this at 1.30
  • #473,928
  • Jan 23, 2019 3:52am Jan 23, 2019 3:52am
Quoting john0415
I want to sell this at 1.30
And I got it.

5m pin bar.
Faild breakout.
Psychologycal revel.
  • #473,929
  • Jan 23, 2019 4:49am Jan 23, 2019 4:49am
Daily 50% 1.30180 ...
  • #473,930
  • Jan 23, 2019 5:07am Jan 23, 2019 5:07am
Quoting john0415
I want to sell this at 1.30

I take the other side
  • #473,931
  • Jan 23, 2019 5:25am Jan 23, 2019 5:25am
Sell entry around 1.3030 and 1.3050 Top
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #473,932
  • Jan 23, 2019 5:32am Jan 23, 2019 5:32am
To a newb eye, this looks like a good short for GU at 3025, but I wouldn't short GU when EU is finishing bottoming and might spike 300-400 pips up. What do you think will GU do then? Be careful...1.35-38 might be safer for shorts.
Everyone can see the chart, but only a few can actually read it.
  • #473,933
  • Jan 23, 2019 5:52am Jan 23, 2019 5:52am
Quoting OnlineAddict
To a newb eye, this looks like a good short for GU at 3025, but I wouldn't short GU when EU is finishing bottoming and might spike 300-400 pips up. What do you think will GU do then? Be careful...1.35-38 might be safer for shorts.
Yes and broken thru trendline resistance that now might act as support but you could still short and make a quick 40 pips
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily 23 Jan 2018.png Size: 40 KB
Don't Leave Money on the Table
  • #473,934
  • Jan 23, 2019 5:56am Jan 23, 2019 5:56am
Quoting HaLBot
{quote} Yes and broken thru trendline resistance that now might act as support but you could still short and make a quick 40 pips {image}
Yes, scalpers might do well with both shorting and longing on an intraday basis.
Everyone can see the chart, but only a few can actually read it.
  • #473,935
  • Jan 23, 2019 6:10am Jan 23, 2019 6:10am
The current market condition is not for long term directional trading. Going for small profits within a range is the realistic trading option.

KP

Quoting OnlineAddict
{quote} Yes, scalpers might do well with both shorting and longing on an intraday basis.
Do your homework, follow the footprints of smart money
  • #473,936
  • Jan 23, 2019 6:13am Jan 23, 2019 6:13am
Quoting KeenPips
The current market condition is not for long term directional trading. Going for small profits within a range is the realistic trading option. KP {quote}
I am not talking long term as months or years...but days and weeks.
Everyone can see the chart, but only a few can actually read it.
  • #473,937
  • Jan 23, 2019 6:33am Jan 23, 2019 6:33am
reached 200EMA on daily chart, we need fundamentally excellent news to breakout firmly this line and continue upward
  • #473,938
  • Jan 23, 2019 7:07am Jan 23, 2019 7:07am
Quoting HaLBot
{quote} Yes and broken thru trendline resistance that now might act as support but you could still short and make a quick 40 pips {image}
Maybe false daily breakout Monthly resistance doesn't help cable to move higher
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #473,939
  • Jan 23, 2019 7:10am Jan 23, 2019 7:10am
Quoting OnlineAddict
To a newb eye, this looks like a good short for GU at 3025, but I wouldn't short GU when EU is finishing bottoming and might spike 300-400 pips up. What do you think will GU do then? Be careful...1.35-38 might be safer for shorts.
EU 300 spike haha, very optimistic unless ECB surprises tomorrow..Monthly close above 1.1440 first
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #473,940
  • Jan 23, 2019 8:10am Jan 23, 2019 8:10am
Quoting OnlineAddict
To a newb eye, this looks like a good short for GU at 3025, but I wouldn't short GU when EU is finishing bottoming and might spike 300-400 pips up. What do you think will GU do then? Be careful...1.35-38 might be safer for shorts.
Based on January monthly ranges, maximum range for January is 1.3300 and an aggressive slide to 1.2950 Will follow. If it maintains 1.3040-1.3080 high, expect a drop to 1.2870-1.2900 in the next few days. Stay green.
Data + Stat + Risk/Emotions Management
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