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Cable Update (GBPUSD)

  • #497,581
  • Oct 11, 2019 10:59am Oct 11, 2019 10:59am
Quoting OnlineAddict
{quote} So you mean bitcoin is not at his level of 100,000 yet?
lmao. you know. the supply of suckers dried up. He got everyone to buy it - his family, grand parents, the local fellas at the
retirement foundation, even the Rabbi. Still stuck @ 8k!
  • #497,582
  • Oct 11, 2019 11:16am Oct 11, 2019 11:16am
Short 2690 and 2675 tp 2600
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  • #497,583
  • Oct 11, 2019 11:18am Oct 11, 2019 11:18am
Shorting from 1.2684
SL 1.2720
TP open

Just risking from the profit

Quoting stirmatt
Shorting from 1.2684 SL 1.2720 TP open Just risking from the profit
SL move to 1.26804 with 15pips trailing stop
  • #497,584
  • Edited 11:45am Oct 11, 2019 11:31am | Edited 11:45am
Quoting navk
{quote} how about another 200 pips on monday? That makes 2880.

Anything can happen folks,
monday is going to be very interesting indeed,
especially if we can get above the 1.27070 area,
Fibs retracement area at 100.0, I will try and go long at the Asian low,
but trade wisely folk, this is exactly were the pukers could spike us in the ass.

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  • #497,585
  • Oct 11, 2019 11:32am Oct 11, 2019 11:32am
Quoting stirmatt
Shorting from 1.2684 SL 1.2720 TP open Just risking from the profit {quote} SL move to 1.26804 with 15pips trailing stop
Out with 4 pips. This beast is not for shorting.

Till next week. Happy weekend and thanks to all that made bull calls
  • #497,586
  • Edited 12:03pm Oct 11, 2019 11:34am | Edited 12:03pm
it was a huge crazy spike up no doubt, played so far in new make channel up got target 2582 weekly resistance closewise & next may 2720 & real target here 2782. next one ok , final one also may ok try with next market open. ok 2742 but will look for next leg down 2332/2293 before reaction.
so will watch for weekly close at low little below 2582.so unrest for sure with big ranges in the play .
PA remain the same but legs changes.crazy can change further dramatically if breaks & stay over 2782 for 3100 play , otherwise back to pavilion likely at the base & more down before reach 3100. same happened in gj , immediate target still to reach 138.036 & before real tl test towards 143 it may have to make the bottom first.eurgbp tanked just below price of interest 0.8723, ok may tank further but time to leg leg up also.
Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #497,587
  • Oct 11, 2019 11:48am Oct 11, 2019 11:48am
if you scalp on 1M chart...
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Always trade your own plan...I don't provide trading signals.
  • #497,588
  • Oct 11, 2019 11:49am Oct 11, 2019 11:49am
wow..... Sorry folks, I had couple of missed trades on cable at .01 lots so I stopped trading for the day and later I decided to short Gold instead which was massive short.... I guess Brexit is happening after all.... However, my yesterday's call on Cable was very accurate on that stop volume candle with proceding massive reversal.... I should have sticked to that direction. I hope you guys did well... Cheers
  • #497,589
  • Oct 11, 2019 11:49am Oct 11, 2019 11:49am
Quoting Wavegarrick
Hi Guys, Was caught napping with the sudden up move. All good. Cheers {image}
Hi Guys,

Gu at a possible area of interest for bears. My current buy trade from yesterday 290 pips and running. As my weekly pivot gets tested most of the time I will look at a possible retest of my future weekly pivot at 1.25259 ish to be tested next week and as round numbers like to be retested, a possibility of 1.2500. I will look for re-entries from there.

Have a great weekend
Cheers.
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Trade to trade another day
  • #497,590
  • Oct 11, 2019 12:10pm Oct 11, 2019 12:10pm
DXY is topped out. H4 rising wedge broke down. Much higher GU and EU next 4-8 weeks.
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  • #497,591
  • Oct 11, 2019 12:23pm Oct 11, 2019 12:23pm
Quoting RazorFitch
{quote} Man you got some balls !!!
Big ones
Don't trade what you think. Just what you see!!!
  • #497,592
  • Oct 11, 2019 1:05pm Oct 11, 2019 1:05pm
I'm so stubborn
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yes yes yes
  • #497,593
  • Oct 11, 2019 1:27pm Oct 11, 2019 1:27pm
Quoting Dingoman-two
{quote} Anything can happen folks, monday is going to be very interesting indeed, especially if we can get above the 1.27070 area, Fibs retracement area at 100.0, I will try and go long at the Asian low, but trade wisely folk, this is exactly were the pukers could spike us in the ass. {image}

Spread at 10 pips
  • #497,594
  • Oct 11, 2019 1:31pm Oct 11, 2019 1:31pm
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  • #497,595
  • Oct 11, 2019 1:33pm Oct 11, 2019 1:33pm
Quoting Moty
I'm so stubborn {image} {image}
What I have learned is that, over-trading causes rate of efficiency to decline. There is negative correlation between number of trades you do with rate of efficiency of those trade, as the brain gets exhausted, your tendency to become emotionally driven decision such as revenge trades, gambling trades, ad hoc, quick ones all those are caused due to exhaustions... My best trades are those when I wait about 2 weeks after thorough analysis and positioning, and then conduct trades in a single direction for about only 1 week with inly few trades especially one on London session, another mid way between London and US, and then third on US session would be enough for the day, and then close all trades back to monitoring and testing and preparing for your next trade. When I violate this rule, my losses increase.

In other words, the less you trade, the higher efficiency rate you get, and the higher the chances to make more money.....
  • #497,596
  • Oct 11, 2019 1:37pm Oct 11, 2019 1:37pm
Quoting navk
{quote} how about another 200 pips on monday? That makes 2880.
whenever I put long positions on GU it just bitcoined up....
  • #497,597
  • Oct 11, 2019 1:42pm Oct 11, 2019 1:42pm
RazorFitch ++++. Also excessive screen time results in the same (poor trading). Or let's say it's linked to over-trading.
  • #497,598
  • Oct 11, 2019 1:43pm Oct 11, 2019 1:43pm
Quoting asgcorp
RazorFitch ++++. Also excessive screen time results in the same (poor trading). Or let's say it's linked to over-trading.
Cannot agree more....Well said, we must work on these issues seriously....
  • #497,599
  • Oct 11, 2019 1:56pm Oct 11, 2019 1:56pm
The last 2 quarters was close bearish, Gbpusd best move of the year.
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MA provides the market's current direction and strength.
  • #497,600
  • Oct 11, 2019 2:09pm Oct 11, 2019 2:09pm
Quoting Moty
I'm so stubborn {image} {image}
Moty,
1) One method
2) One time frame (15M, 30M,1- 2H)
3) The last swing only
4) Ret. or Ext.?
5) Discipline
6) The rest you know.
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Always trade your own plan...I don't provide trading signals.
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