Cable Update (GBPUSD) | Page 23715 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #474,281
  • Jan 29, 2019 5:04am Jan 29, 2019 5:04am
Quoting FXCyborg
{quote} no worries here's another {image}
some of you may be wondering why didn't these levels work and why it over shot the level? re: mini-imbalance zone
A: because it was already assisted at the level and the orders were already collected.
So what we do next is find previous imbalance zones, found at DBD (Drop base drop) areas, as noted in this image with the brownish lines... as shown in screenshot.. as you will see, the last one got hit to the POINT... when it does that, we look for engulfing patterns to get in, as shown labelled "Entry" - and target the bearish imbalance zone marked as TP
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 84 KB
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #474,282
  • Jan 29, 2019 5:08am Jan 29, 2019 5:08am
Quoting HaLBot
{quote} Cheers Cyborg, won't be today but will get back to you... Okay bought @ 1.3153 on the pull back from 1.3176 down to 1.3146 TP @ 1.3180 Would even be happy with 1.3173
Pretty sure my username is FXCyborg lol

OK... so if you're going to run off 5 Min compressions, you'll want to secure your entries when you have made 10 pips and lock in the pip spread that your broker is giving you.. ie, if your spread is 2 pips.. lock that in by moving your SL up to that point above your entry... then sit back and relax.. aim for 10 pip TP's...

If you do this consistently, 3-8 hours per day on 5 min compressions, it's quite possible to make 30-100% per week, WITHOUT over leveraging your account

BTW, well done on your entry
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #474,283
  • Jan 29, 2019 5:13am Jan 29, 2019 5:13am
Quoting FXCyborg
{quote} Pretty sure my username is FXCyborg lol OK... so if you're going to run off 5 Min compressions, you'll want to secure your entries when you have made 10 pips and lock in the pip spread that your broker is giving you.. ie, if your spread is 2 pips.. lock that in by moving your SL up to that point above your entry... then sit back and relax.. aim for 10 pip TP's... If you do this consistently, 3-8 hours per day on 5 min compressions, it's quite possible to make 30-100% per week, WITHOUT over leveraging your account...
Hey FXCyborg, it's an Aussie thing we tend to shorten names, words..... LOL
Thanks for info M8...
Don't Leave Money on the Table
  • #474,284
  • Jan 29, 2019 5:36am Jan 29, 2019 5:36am
Quoting HaLBot
{quote} Hey FXCyborg, it's an Aussie thing we tend to shorten names, words..... LOL Thanks for info M8...
No worries Cobber
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #474,285
  • Jan 29, 2019 6:32am Jan 29, 2019 6:32am
when is brexit voting nothing on calender?
NEVER BREAK RULES
  • #474,286
  • Jan 29, 2019 6:33am Jan 29, 2019 6:33am
will this brexit be good for gbp?
  • #474,287
  • Jan 29, 2019 6:41am Jan 29, 2019 6:41am
Quoting bill1985
will this brexit be good for gbp?
Eveything is good for the pound.. it s gotten to the point when news dont matter, it s all about where fcukers wanna push it. Even if May resign, UK declares War , or whatever, it will still go up
  • #474,288
  • Jan 29, 2019 6:51am Jan 29, 2019 6:51am
Moving into NY session soon.....
Don't Leave Money on the Table
  • #474,289
  • Jan 29, 2019 7:03am Jan 29, 2019 7:03am
Quoting HaLBot
{quote} Cheers Cyborg, won't be today but will get back to you... Okay bought @ 1.3153 on the pull back from 1.3176 down to 1.3146 TP @ 1.3180 Would even be happy with 1.3173
Okay took profit @ 1.3166 bought back in now @ 1.3162

Okay out @ 1.3167 and made my 6% for the day....

They say it can't be done, making 5% a day but I'm gonna give it one hell of a crack and I know it's when you get into the higher position sizes when all the problems start...
But FXCyborg you said it yourself, can make between 30 to 100% per week with the right system...
Don't Leave Money on the Table
  • #474,290
  • Jan 29, 2019 7:04am Jan 29, 2019 7:04am
Quoting prophetfx
when is brexit voting nothing on calender?
https://www.forexfactory.com/showthr...0#post11938540 go back one page
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #474,291
  • Jan 29, 2019 7:14am Jan 29, 2019 7:14am
Quoting HaLBot
{quote} Okay took profit @ 1.3166 bought back in now @ 1.3162 Okay out @ 1.3167 and made my 6% for the day.... They say it can't be done, making 5% a day but I'm gonna give it one hell of a crack and I know it's when you get into the higher position sizes when all the problems start... But FXCyborg you said it yourself, can make between 30 to 100% per week with the right system...
Whys that, re: your 1.3166 entry?

5% a day can be done... I made 27.74% yesterday I'm 12.13% up today so far.

Yeah, give it a massive crack, don't ever give up when it gets tough... use good MM, and be ALERT & double check your selections... if you're unsure, dont enter, there will always be another opportunity to take on later. And don't get annoyed with yourself when you don't hit your percentage targets or say "Oh I wish I got in that now I would of made ZXY %" because that will just mess your mind up... if you make 0.5% for the day and feel frustrated after losing a couple, say from after making 10% or so - call it quits, let your mind relax and come back the next day... you're not competing against anyone, or yourself... who cares if you make 0.001% a day or 100% a day... the consistency is what keeps you in the game!

GL

BTW..
Just keep to the same MM all the way through, it doesn't matter about the lot size, the result will still be the same..

It's like what Durrrr (Tom Dawn) said when he was asked how does he transition to higher tables, ie, 250K/500K blinds.. he said he doesn't, he plays the same way.
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #474,292
  • Jan 29, 2019 7:16am Jan 29, 2019 7:16am
Quoting FXCyborg
{quote} Whys that, re: your 1.3166 entry? 5% a day can be done... I made 27.74% yesterday I'm 12.13% up today so far. Yeah, give it a massive crack, don't ever give up when it gets tough... use good MM, and be ALERT & double check your selections... if you're unsure, dont enter, there will always be another opportunity to take on later. And don't get annoyed with yourself when you don't hit your percentage targets or say "Oh I wish I got in that now I would of made ZXY %" because that will just mess your mind up... if you make 0.5% for the...
Cheers FXCyborg....and good % too

I closed trade @ 1.3166, my buy in was 1.3153
I usually try for 20 to 30 pips but cable ranging a bit just now and I need sleep, 3 hours only last night and working in 35 degrees celcius today.....need sleep now LOL
Don't Leave Money on the Table
  • #474,293
  • Jan 29, 2019 7:23am Jan 29, 2019 7:23am
im already in a long stops at 1.3070 looking for 1.3500 tp
  • #474,294
  • Jan 29, 2019 7:25am Jan 29, 2019 7:25am
Cable looking like it will attempt another crack @ 1.3200 but don't trade of my opinion, good luck in NY session, trade well....
Don't Leave Money on the Table
  • #474,295
  • Jan 29, 2019 7:36am Jan 29, 2019 7:36am
will it plunge after the vote? just thinking...
LUCKY golden trades, LUCKY gold investor trading style
  • #474,296
  • Jan 29, 2019 8:23am Jan 29, 2019 8:23am
Quoting HaLBot
{quote} Cheers FXCyborg....and good % too I closed trade @ 1.3166, my buy in was 1.3153 I usually try for 20 to 30 pips but cable ranging a bit just now and I need sleep, 3 hours only last night and working in 35 degrees celcius today.....need sleep now LOL
Where you located then, Perth?
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #474,297
  • Jan 29, 2019 9:09am Jan 29, 2019 9:09am
Inserted Video
get ready
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #474,298
  • Jan 29, 2019 9:12am Jan 29, 2019 9:12am
not bad level to face any big news perhaps , waiting for it then .
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 40 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #474,299
  • Jan 29, 2019 9:17am Jan 29, 2019 9:17am
Quoting fontu
not bad level to face any big news perhaps , waiting for it then . {image}
I'd add 71.9% (banking level) and 88.6% harmonic fibo level in... it'll give you a nice idea where possible reversal levels will be
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #474,300
  • Jan 29, 2019 9:44am Jan 29, 2019 9:44am
Quoting FXCyborg
{quote} I'd add 71.9% (banking level) and 88.6% harmonic fibo level in... it'll give you a nice idea where possible reversal levels will be
ok thanks, actually I not use frequently fibs . will follow ideas .

uk parliament vote may be 7pm & result by 8:30 pm
https://www.theguardian.com/politics...-politics-live
Not understand?better not follow my analyses!doubt clearer first, risks ++
856 traders viewing now