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Cable Update (GBPUSD)

  • #489,081
  • Aug 12, 2019 12:08am Aug 12, 2019 12:08am
Quoting Marcieny
{quote} Gu ...A possible bullish hidden crab in H1.. I'm waiting for confirmations.
Hidden crab ?
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  • #489,082
  • Aug 12, 2019 12:09am Aug 12, 2019 12:09am
Quoting modalyakin
Been there, done that, and you're still in the game after all these years, great mate, hope your consistency paid off big {quote}
Have found that for a retailer to know and to be perfect trader, it takes more than 10 years.

And till such time, one must be able to withstand the losses and have courage to continue, willingness to learn......

Success does not come easy.
Intraday only.
  • #489,083
  • Aug 12, 2019 12:19am Aug 12, 2019 12:19am
Second that
Usually retailers like us are the first ones to lose patience, misdirected, or got caught in market grand grand play
It is indeed very rare to have retailers with 10y+ knowhow

Quoting navk
{quote} Have found that for a retailer to know and to be perfect trader, it takes more than 10 years. And till such time, one must be able to withstand the losses and have courage to continue, willingness to learn...... Success does not come easy.
yakinaja.hajarblehh
  • #489,084
  • Aug 12, 2019 12:20am Aug 12, 2019 12:20am
Quoting navk
{quote} Have found that for a retailer to know and to be perfect trader, it takes more than 10 years. And till such time, one must be able to withstand the losses and have courage to continue, willingness to learn...... Success does not come easy.
Absolutelly true
  • #489,085
  • Aug 12, 2019 12:26am Aug 12, 2019 12:26am
Quoting modalyakin
Second that Usually retailers like us are the first ones to lose patience, misdirected, or got caught in market grand grand play It is indeed very rare to have retailers with 10y+ knowhow {quote}
Let me add more to it.

The lot size and TF, in which they trade play more important role too in addition to controlling emotion ( Greed and Fear )

When I was young as a trader, with 1k capital, saw some nice profits with 1 standard lots.

The markets always not nice to us, so we end up on loosing side many times.

For freshers, lot size and TF in which they trade are most important.

DAILY chart and weekly chart are the ones the freshers must take up.
Intraday only.
  • #489,086
  • Aug 12, 2019 12:38am Aug 12, 2019 12:38am
We are told that wicks showed a rejection but i believe long wicks is the area which are potential pending orders from institutional investors. Once price gets rejection from those areas, it goes for period of correction to accumulate orders from the retailers who falsely thinks that price has rejected certain point and would go in opposite direction. Once enough liquidity is gathered price shoot up towards long candles showing wicks. i.e USD JPY FLASH crash, all other jpy cross pairs..
GBP is going towards 2016 flash crash candle which close at 114.5 to fill up the pending orders.

That is just my theory based on studying different long wicks candle...different perspective
sell strength in falling markets, and buy weakness in rising markets.
  • #489,087
  • Aug 12, 2019 12:41am Aug 12, 2019 12:41am
Quoting htcone
We are told that wicks showed a rejection but i believe long wicks is the area which are potential pending orders from institutional investors. Once price gets rejection from those areas, it goes for period of correction to accumulate orders from the retailers who falsely thinks that price has rejected certain point and would go in opposite direction. Once enough liquidity is gathered price shoot up towards long candles showing wicks. i.e USD JPY FLASH crash, all other jpy cross pairs.. GBP is going towards 2016 flash crash candle which close at...
all GBP pairs have unfinished business
i.e GBPCAD
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sell strength in falling markets, and buy weakness in rising markets.
  • #489,088
  • Aug 12, 2019 12:44am Aug 12, 2019 12:44am
Right they always fall victim to the get-rich-quick scheme
This market we're in, it is more a marathon than a Sprint, IMO
Same goes for TF, not a matter of taste/strategy, but rather more about capital
Cheers

Quoting navk
{quote} Let me add more to it. The lot size and TF, in which they trade play more important role too in addition to controlling emotion ( Greed and Fear ) When I was young as a trader, with 1k capital, saw some nice profits with 1 standard lots. The markets always not nice to us, so we end up on loosing side many times. For freshers, lot size and TF in which they trade are most important. DAILY chart and weekly chart are the ones the freshers must take up.
yakinaja.hajarblehh
  • #489,089
  • Aug 12, 2019 1:30am Aug 12, 2019 1:30am
Short @1.2045.
  • #489,090
  • Aug 12, 2019 1:46am Aug 12, 2019 1:46am
Any reversal attempt should start with signal breaking all lines up specially 2079 with confirmation 2206, till then 1 more leg likly continue down.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #489,091
  • Aug 12, 2019 1:47am Aug 12, 2019 1:47am
No waiting for London open?

Quoting Gilaforex13
Short @1.2045.
yakinaja.hajarblehh
  • #489,092
  • Aug 12, 2019 1:49am Aug 12, 2019 1:49am
Quoting Gilaforex13
Short @1.2045.
It has already broken fridays low, so now it looks to be going back to retest fridays low again maybe ????
  • #489,093
  • Aug 12, 2019 1:54am Aug 12, 2019 1:54am
Quoting modalyakin
No waiting for London open? {quote}
Some short @1.2049
SL @ BE.
Closed entry @1.2045, +7 pips.
  • #489,094
  • Aug 12, 2019 1:57am Aug 12, 2019 1:57am
long 1.2040 out +7 pips
back in long 1.2058
Don't trade what you think. Just what you see!!!
  • #489,095
  • Aug 12, 2019 2:11am Aug 12, 2019 2:11am
You can use the privios day pivot lines when it's s2/3 or r2/3 like this example
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yes yes yes
  • #489,096
  • Edited 3:18am Aug 12, 2019 2:19am | Edited 3:18am
For me, if 2061 remains the hourly high, I'll short on the hour. If not I'm waiting for 2132 before short considerations or a break of 2015 with an hourly close below.

If there is a close on the hour above 2065, longs look attractive but not attractive enough for me to place any risk.

As things stand at this very moment: shorts at 2132 (on confirmation) with TP1 9950 and TP2 1897.
  • #489,097
  • Aug 12, 2019 2:23am Aug 12, 2019 2:23am
My tp is at 1.20806 , weekly pivot and adr target area.
If you want to play it safe go for daily pivot at 1.20650
yes yes yes
  • #489,098
  • Aug 12, 2019 2:26am Aug 12, 2019 2:26am
2090/2010 rejection is good for the bears, adding short upon rejection.
target 2000.
  • #489,099
  • Aug 12, 2019 2:42am Aug 12, 2019 2:42am
.
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  • #489,100
  • Aug 12, 2019 2:44am Aug 12, 2019 2:44am
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