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Cable Update (GBPUSD)

  • #496,461
  • Oct 8, 2019 4:13am Oct 8, 2019 4:13am
Quoting navk
{quote} is there anything why you want to go long? Elliot wave theory something like that? I go with flow usually.
Its at the support level of my ascending channel
  • #496,462
  • Oct 8, 2019 4:14am Oct 8, 2019 4:14am
Quoting navk
{quote} is there anything why you want to go long? Elliot wave theory something like that? I go with flow usually.
Make sense, the trend is your friend.....not easy to spot though....
trading is simple but is simple is not easy.
  • #496,463
  • Oct 8, 2019 4:15am Oct 8, 2019 4:15am
Quoting RazorFitch
{quote} Its at the support level of my ascending channel
ok.

supports or resistances never break ?

Is this method reliable ?

The price at support or resistance may pause but no guarantee that it will not break.

Instead why not go with flow?
Intraday only.
  • #496,464
  • Oct 8, 2019 4:16am Oct 8, 2019 4:16am
Quoting navk
{quote} ok. supports or resistances never break ? Is this method reliable ? The price at support or resistance may pause but no guarantee that it will not break. Instead why not go with flow?
I’m a swing trader , I usually wait till the price come to me , and I don’t chase the price actions... usually yes there are shake outs at support and resistance which must be confirmed prior to taking position
  • #496,465
  • Oct 8, 2019 4:17am Oct 8, 2019 4:17am
Quoting ZenNy
{quote} Make sense, the trend is your friend.....not easy to spot though....
simple, this is the trend.

add pivot points. that is all.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5.png Size: 26 KB
Intraday only.
  • #496,466
  • Oct 8, 2019 4:18am Oct 8, 2019 4:18am
Quoting navk
{quote} your statement is for experienced traders. New traders trade long when the price going down, take revenge and go long and vice versa. Price going down short it. price going up long it. you will never be disappointed. Taking revenge against the flow will kill a trader or new trader.
I trade long only when the price WENT DOWN if the the market tell me to do so.To keep the risk close to ZERO there is ONLY ONE ENTRY in the market and ONLY ONE EXIT.The rest is pure noise made to take down your accounts little STOP LOSS by little STOP LOSS.It's a hard problem to be solved by the pro's but even harder for the beginners...but... everybody started at the same point.Right?
  • #496,467
  • Oct 8, 2019 4:19am Oct 8, 2019 4:19am
Cable flips downward. I'm shorting

(◑_◑)
Attached Image (click to enlarge)
Click to Enlarge Name: t22.png Size: 43 KB
  • #496,468
  • Oct 8, 2019 4:20am Oct 8, 2019 4:20am
Quoting RobyTurboSS
{quote} I trade long only when the price WENT DOWN if the the market tell me to do so.To keep the risk close to ZERO there is ONLY ONE ENTRY in the market and ONLY ONE EXIT.The rest is pure noise made to take down your accounts little STOP LOSS by little STOP LOSS.It's a hard problem to be solved by the pro's but even harder for the beginners...but... everybody started at the same point.Right?
you are experienced trader.

I too felt many times, I am experienced trader but met with losses.

So I keep my rules simple, price going down, short, going up... then long.
Intraday only.
  • #496,469
  • Oct 8, 2019 4:22am Oct 8, 2019 4:22am
Quoting tatianah
Cable flips downward. I'm shorting (◑_◑) {image}
According to my chart , this is just a shake out On Ascending Channel support line , I would be careful to short this beast
  • #496,470
  • Oct 8, 2019 4:23am Oct 8, 2019 4:23am
Quoting navk
{quote} you are experienced trader. I too felt many times, I am experienced trader but met with losses. So I keep my rules simple, price going down, short, going up... then long.
Every one trades in their own zone which is hard to be replicated by others
  • #496,471
  • Oct 8, 2019 4:26am Oct 8, 2019 4:26am
2215 is next
  • #496,472
  • Oct 8, 2019 4:27am Oct 8, 2019 4:27am
Quoting navk
{quote} simple, this is the trend. add pivot points. that is all. {image}
good for you Navk, but I measure flow differently, I use nothing but just candles and a bit of technicality here and there...

I like flow because it is not "about being right" but being able to "follow the flow" (jump on the wagon)....took profit at the 50 round number making 24 pips.....also flow in swiss and made some there too....

will be reading your posts...
trading is simple but is simple is not easy.
  • #496,473
  • Oct 8, 2019 4:28am Oct 8, 2019 4:28am
Quoting RazorFitch
{quote} Every one trades in their own zone which is hard to be replicated by others
TRUE.

Absolutely true.

My advice was for new traders.

My trend chart on daily basis, with pivots.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 37 KB
Intraday only.
  • #496,474
  • Oct 8, 2019 4:29am Oct 8, 2019 4:29am
Attached Image (click to enlarge)
Click to Enlarge Name: 3DE0697A-1273-4198-941C-CEF700E1B2EF.jpeg Size: 347 KB
2202 even look left
  • #496,475
  • Oct 8, 2019 4:29am Oct 8, 2019 4:29am
Quoting mondiali
{quote} hey what about me i bought gbp at 1.24370 what should i do im stuck for options anyone?!
1.21 is coming bro
MY OPINION NOT FINANCIAL ADVISE
  • #496,476
  • Oct 8, 2019 4:31am Oct 8, 2019 4:31am
Quoting msniper
{quote} breaking 1.2100 would be stoploss for me to change from bullish to bearish am looking to buy between 1.2150 to 1.2250
why not buy from 1.21 ....thats my key level
MY OPINION NOT FINANCIAL ADVISE
  • #496,477
  • Oct 8, 2019 4:33am Oct 8, 2019 4:33am
Quoting navk
{quote} you are experienced trader. I too felt many times, I am experienced trader but met with losses. So I keep my rules simple, price going down, short, going up... then long.
Everybody is falling at some point without any exceptions.Only who don't try won't fail But what really matter is to be strong enough to get back on the track.At some point who try enough should have found Enlightenment.
  • #496,478
  • Oct 8, 2019 4:37am Oct 8, 2019 4:37am
NY session would probably take the PA to 2200
Intraday only.
  • #496,479
  • Oct 8, 2019 4:39am Oct 8, 2019 4:39am
Wouldn’t be surprised to see 1.2000 in the near future
ex nihilo
  • #496,480
  • Oct 8, 2019 4:39am Oct 8, 2019 4:39am
daily chart of GBPUSD looking dumpy/weak.
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