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Cable Update (GBPUSD)

  • #504,481
  • Nov 26, 2019 1:50pm Nov 26, 2019 1:50pm
Quoting Coreg2004
{quote} Moty, I understand that we have our own way of labeling swings. I don't have any problem with yours or anyone else. If something is unclear when I examine somebody's chart I always ask the question: "What I am missing here?"...We all good.
I had no intention of criticize you, just showing my view
yes yes yes
  • #504,482
  • Nov 26, 2019 2:07pm Nov 26, 2019 2:07pm
Quoting Coreg2004
{quote} Tekin, If based on your TA you believe (c) will hold, your SL might be too tight, but this is up to MM rules we adopt with our method of trading. I don't have a problem to enter the trade twice with a small loss or have a bigger SL either (below/above SL/SH)...You can also use HP to set your SL. In our case here because the first retracement is only 38.2% (B point) reasonable expectation is for bat, AB=CD or crab patterns. If you trade harmonic patterns you know well how to manage your trade. Good luck with your trading {image}
the picture i shared was belong to demo and it stopped as well

one real account after 10 pips i take safety and stopped at be

another real acoount i closed half and second half is continues with profit lets see an stop is at 1.2850 anymore no loose so far
  • #504,483
  • Nov 26, 2019 2:42pm Nov 26, 2019 2:42pm
Quoting Army50000
{quote} Right! It means You agree that for going long and hedging backup is needed.
Hi Army

Hedging allows me a second chance to make money if a sudden unexpected move goes against my first position. I hold a 11-15 pip hedge to protect my account and just move on to the next trade. Later that day or occasionally the next day, I look for a chance to add another trade to that basket to break even. It works well when you are trading with a good win rate on a method you trust well.
Trading thin liquidity at the boundary of the charts
  • #504,484
  • Nov 26, 2019 3:01pm Nov 26, 2019 3:01pm
Quoting Moty
{quote} I had no intention of criticize you, just showing my view
Moty, I had never taken it as a criticism. I enjoy your charts, keep posting them. Those who know TA always find something for themselves, either pivot points, moving avg's or EW setups.
Always trade your own plan...I don't provide trading signals.
  • #504,485
  • Nov 26, 2019 3:22pm Nov 26, 2019 3:22pm
Granted, on small frames anyone can make 20-30 pips easy.

🍻🍻🍻👍😱😱

Where is Onlinus to tell us time-frame for 1.45?
😀😉😉😉😉😉

Fail
https://imgur.com/a/YlIEeKi

LOL.

Quoting OnlineAddict
{quote} Yes, there will be 1.45, I blablaaaa
It may take months or a year, I don't really care, I will keep buying the dips and.....few lies here by O.Add...... Good advice!
I'm saving this in my notes.
I'll laugh and pull it occasionally

Onlinus Addictus Longus 😱😱😂😂😂

😃😂
Beware of robber banks (RB), bad advisors.
  • #504,486
  • Nov 26, 2019 6:00pm Nov 26, 2019 6:00pm
Quoting RickM
{quote} Hi Army Hedging allows me a second chance to make money if a sudden unexpected move goes against my first position. I hold a 11-15 pip hedge to protect my account and just move on to the next trade. Later that day or occasionally the next day, I look for a chance to add another trade to that basket to break even. It works well when you are trading with a good win rate on a method you trust well.
hi RICKM !
I Understand, You are short term trader. Your strategy is to make urgent pips.... I suggest you to go long for sometime...Holding some position results in bigger profits some times.
  • #504,487
  • Nov 26, 2019 7:59pm Nov 26, 2019 7:59pm
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 31 KB
yes yes yes
  • #504,488
  • Nov 26, 2019 8:09pm Nov 26, 2019 8:09pm
Quoting Army50000
{quote} hi RICKM ! I Understand, You are short term trader. Your strategy is to make urgent pips.... I suggest you to go long for sometime...Holding some position results in bigger profits some times.
Been there done that, holding long term positions prevents you from profiting from short hard moves. A long trend trade of say 400 pips may offer the scalper 3 times the amount of pips because we trade the pullbacks or spikes hard.
I do trade long term but that’s for my EA portfolio only.
Long term traders have to trade through many red new items, they often destroy great setups. I never trade with fear of news as I am in and out before news hits.
Trading thin liquidity at the boundary of the charts
  • #504,489
  • Nov 26, 2019 8:35pm Nov 26, 2019 8:35pm
Quoting RickM
{quote} Been there done that, holding long term positions prevents you from profiting from short hard moves. A long trend trade of say 400 pips may offer the scalper 3 times the amount of pips because we trade the pullbacks or spikes hard. I do trade long term but that’s for my EA portfolio only. Long term traders have to trade through many red new items, they often destroy great setups. I never trade with fear of news as I am in and out befollere news hits.
okay name a single best investor/ portfolio manager who was always a short term trader?
  • #504,490
  • Nov 26, 2019 8:48pm Nov 26, 2019 8:48pm
Quoting RickM
{quote} Been there done that, holding long term positions prevents you from profiting from short hard moves. A long trend trade of say 400 pips may offer the scalper 3 times the amount of pips because we trade the pullbacks or spikes hard. I do trade long term but that’s for my EA portfolio only. Long term traders have to trade through many red new items, they often destroy great setups. I never trade with fear of news as I am in and out before news hits.
Exactly my sediment, the market doesnt always like to play ball when trending, high impact news and events can quickly erode profit and leaves you vulnerable to spread widening etc. Id rather take small moves from the 15m and 1hr charts consistently - you dont even need to scalp to capitalize on daily movements.
  • #504,491
  • Nov 26, 2019 9:16pm Nov 26, 2019 9:16pm
Hey... Come on stop the drama scene, we all here for share how we get a lot of money together, whatever you all use to get a big win please use your own strategy and get a good advice from other to complete your analysis.

So any trade plan for today??? I still hold my short.... ^_^
  • #504,492
  • Nov 26, 2019 9:22pm Nov 26, 2019 9:22pm
Quoting Army50000
{quote} okay name a single best investor/ portfolio manager who was always a short term trader?
Look, I trade for a wage but could never manage that trading long term, very few actually can.
Even many professional traders know that so there are thousands of institutional traders preferring to scalp the futures market Instead using order flow etc. on the shortest time frames.
We can’t do that trading Forex unfortunately but we can apply a similar skill set and scalp the moves when offered.
What that means is a trader who has learned to understand moves which are unbalanced to the normal price mechanics of that pair can sit there and take profitable trade after profitable trade and never have a losing trading day again.

Not one

Last night I was trading Three pairs, GU / GN and GJ. I made my money mostly on the Beast - GBPNZD ( about 80 pips ) but also a few on GU. Actually Gold was good last night as well so add 55 pips more.
I know every night during the London session, I will clock up somewhere between 50-150 pips without fail.

That’s money in my account every day but it’s taken me 15 years to get to this level.
Trading thin liquidity at the boundary of the charts
  • #504,493
  • Nov 26, 2019 9:42pm Nov 26, 2019 9:42pm
I am waiting to hit 1.28688. Once it pass through it I will never go short.
Will go for 200 pips #short
Attached Image (click to enlarge)
Click to Enlarge Name: cable.png Size: 68 KB
  • #504,494
  • Nov 26, 2019 10:18pm Nov 26, 2019 10:18pm
London session will go high... as long as 2835 holds
Intraday only.
  • #504,495
  • Nov 26, 2019 10:32pm Nov 26, 2019 10:32pm
Cheching the charts, usdx reacted perfect to the level but fast moved overnight having gap up may keep it back /retest and eurgbp too correct down before further. So others may to range up before further fall. Ok will wait. Take care
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #504,496
  • Nov 26, 2019 11:25pm Nov 26, 2019 11:25pm
Hii all,

Is this showing reverse Head and shoulder ? So price will rise up ...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 57 KB
  • #504,497
  • Nov 26, 2019 11:40pm Nov 26, 2019 11:40pm
GBP/USD analysis | Nov 27, 2019

The video (we made on TradingView) explains two different scenarios, one for buy and another for sell. Watch entire video to find out entry, SL & TP points and also to find when to set SL to BE. Feel free to comment if you want elaboration on something.

Inserted Video
  • #504,498
  • Nov 26, 2019 11:46pm Nov 26, 2019 11:46pm
so break the support 2833 may be the first intention to test & break 2815 and 2884 before correction up try , 2879 with frankfurt or London open ok before the tanking.apparently gap not filled yet. so the old plan , short at any high target 2833, 2815/2784/67/48 Take care
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 36 KB
Click to Enlarge Name: GBPUSDH1.png Size: 33 KB
Click to Enlarge Name: GBPUSDM30.png Size: 34 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #504,499
  • Nov 27, 2019 12:26am Nov 27, 2019 12:26am
Quoting Coreg2004
{quote} Moty, I understand that we have our own way of labeling swings. I don't have any problem with yours or anyone else. If something is unclear when I examine somebody's chart I always ask the question: "What I am missing here?"...We all good.
Coreg2004, just on labeling, I am a stickler when it comes to proper EW labeling, especially if you are trading a structure within a structure which most day traders do. On the major pairs I am today still trading EW structures I labeled 3 years ago, vital to get it right.
Charts don't drive price, market conditions drive price...
  • #504,500
  • Nov 27, 2019 1:21am Nov 27, 2019 1:21am
The gap close is here
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 2019-11-27 09.20.23_1.jpg Size: 101 KB
yes yes yes
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