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Cable Update (GBPUSD)

  • #488,821
  • Aug 9, 2019 3:52am Aug 9, 2019 3:52am
Oh you let the pips drip to your profit don't you, nice approach to this pair

Quoting Dingoman-two
{quote} Agreed my friend, money management is the key to a successful trader, the 3 full pips should be broken up into 0.50 lots x6 , and keep entering into the trade as it improves in the direction of your choice, one at a time. IMHO =---
yakinaja.hajarblehh
  • #488,822
  • Edited 4:24am Aug 9, 2019 3:54am | Edited 4:24am
Quoting modalyakin
Bad numbers for UK Good support levels though, so I'm seeing a bounce higher for the pair, maybe {quote}
Seen this all before. I might be wrong, but the stops are all below this support level. They will start being taken out. This always seems to happen on a Friday. Not sure if it is the big boys making a nice butty before the weekend. Let’s see!!! I think retail see their indicators showing oversold and then start chucking their money down the drain! Like I say I might be wrong!!!
Short 1.2116
added to short 1.2118
added to short 1.2111
Don't trade what you think. Just what you see!!!
  • #488,823
  • Aug 9, 2019 3:55am Aug 9, 2019 3:55am
Return to sender, this ema channel is ilke a magnet
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 2019-08-09 11.54.59_1.jpg Size: 93 KB
yes yes yes
  • #488,824
  • Aug 9, 2019 3:59am Aug 9, 2019 3:59am
For me, switched to M5 for clues. Tick volume is supporting the move upward and the volume peak is at 2137. Cancelled sell limit and will use a sell stop at 2135 if price breaches 2138.
Attached Image (click to enlarge)
Click to Enlarge Name: dd5.png Size: 66 KB
  • #488,825
  • Aug 9, 2019 4:02am Aug 9, 2019 4:02am
Quoting Moty
Get ready for 35 pips move down {image}
Why did you not take your profit? But increase your lot.
  • #488,826
  • Aug 9, 2019 4:02am Aug 9, 2019 4:02am
Quoting Moty
Return to sender, this ema channel is ilke a magnet {image}
Food for thought!!! Do you think the price moves to the moving average or the moving average moves to price?
Don't trade what you think. Just what you see!!!
  • #488,827
  • Edited 4:19am Aug 9, 2019 4:03am | Edited 4:19am
Quoting modalyakin
Oh you let the pips drip to your profit don't you, nice approach to this pair {quote}
But as time goes on, you will learn how to scalp extremely well, and you will need to learn the moves that the market offers us all, you will need to learn how to read the candles as well, all so the levels and the trend lines, then when your confidence is in play, and the moves arrive go big by all means, but not before you know what it is that you are doing. IMHO

P/S If you can achieve the above then you can make $1,500 to $3,000 a day very easy with 6x 0.50 contracts.

Trade safely folks and take your time and learn how to scalp correctly.
  • #488,828
  • Aug 9, 2019 4:03am Aug 9, 2019 4:03am
good for longs form here up to 1.2140 / 1.2160

good for shorts from 1.2160 / 1.2170 looking for fresh new lows sub 1.2100
  • #488,829
  • Aug 9, 2019 4:05am Aug 9, 2019 4:05am
Quoting Dingoman-two
{quote} Agreed my friend, money management is the key to a successful trader, the 3 full pips should be broken up into 0.50 lots x6 , and keep entering into the trade as it improves in the direction of your choice, one at a time. IMHO =---
ya thanks i will take that..
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #488,830
  • Aug 9, 2019 4:05am Aug 9, 2019 4:05am
Dont trust news.
  • #488,831
  • Aug 9, 2019 4:06am Aug 9, 2019 4:06am
Wait M5 fail to make LL. Then will buy again.
  • #488,832
  • Aug 9, 2019 4:09am Aug 9, 2019 4:09am
Quoting Theoak
{quote} Food for thought!!! Do you think the price moves to the moving average or the moving average moves to price?
I don't care , as long as the money will move into my account
yes yes yes
  • #488,833
  • Aug 9, 2019 4:09am Aug 9, 2019 4:09am
beware guys, on fridays, GU has the tendency to go in one direction, retracement , however small to be sold today. Unless and until the retrace goes above 2150
Intraday only.
  • #488,834
  • Aug 9, 2019 4:16am Aug 9, 2019 4:16am
Looks like a possible 100 pip drop coming to me
ex nihilo
  • #488,835
  • Aug 9, 2019 4:21am Aug 9, 2019 4:21am
Inserted Video


Will have to wait a smidge longer for this one
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 32 KB
Come with me if you want to live....
  • #488,836
  • Aug 9, 2019 4:21am Aug 9, 2019 4:21am
short again @ 1.2111

sl 20 pip
  • #488,837
  • Aug 9, 2019 4:22am Aug 9, 2019 4:22am
Maybe, you know, Stops are also orders, and orders maybe getting filled, in one means or another
Keep your pips safe

Quoting Theoak
{quote} Seen this all before. I might be wrong, but the stops are all below this support level. They will start being taken out. This always seems to happen on a Friday. Not sure if it is the big boys making a nice butty before the weekend. Let’s see!!! I think retail see their indicators showing oversold and then start chucking their money down the drain! Like I say I might be wrong!!! Short 1.2116 added to short 1.2118
yakinaja.hajarblehh
  • #488,838
  • Aug 9, 2019 4:25am Aug 9, 2019 4:25am
Brilliant!
I'm not used to multi entries in a daily TF, but might give it a try if GU is still ranging in upcoming weeks
Would watch out bear traps though, seems around the corners and suddenly all they know price had moved on

Quoting Dingoman-two
{quote} But as time goes on, you will learn how to scalp extremely well, and you will need to learn the moves that the market offers us all, you will need to learn how to read the candles as well, all so the levels and the trend lines, then when your confidence is in play, and the moves arrive go big by all means, but not before you know what it is that you are doing. IMHO P/S If you can achieve the above then you can make $1,500 to $3,000 a day very easy with 6x 0.50 contracts. Trade safely folks and take...
yakinaja.hajarblehh
  • #488,839
  • Aug 9, 2019 4:29am Aug 9, 2019 4:29am
One thing leads to another ya Moty

Quoting Moty
{quote} I don't care , as long as the money will move into my account
yakinaja.hajarblehh
  • #488,840
  • Aug 9, 2019 4:32am Aug 9, 2019 4:32am
Add long, SL 15 pips.
Counter trend, dont follow me.
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