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Cable Update (GBPUSD)

  • #507,461
  • Jan 2, 2020 8:39am Jan 2, 2020 8:39am
Quoting navk
if some one again wants to long, wait for 3135 to break. then long. for another retrace.
missed my stop entrance with two pips at 97 :-( but happy it went further down! Aiming for 305...
  • #507,462
  • Jan 2, 2020 8:41am Jan 2, 2020 8:41am
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  • #507,463
  • Jan 2, 2020 8:48am Jan 2, 2020 8:48am
Quoting SteadyAsItGo
Can go up or down if down can go as far as 25 level which is H4 support
I close all. Done short . For those in trade god bless u all
  • #507,464
  • Edited 9:07am Jan 2, 2020 8:56am | Edited 9:07am
Quoting 19monza64
{image}
i share your picture. Offtopic question.. May i ask how you deal with the money management for such a long trade over several days? You scale in at levels with tight stops above the TP/supply zones?

i shorted this way to early so had some large heavy floating loss but “gambled” and shorted again at 3280 that payed of, but i never manage to scale in to winners, only losers (classical!) why i am asking...
  • #507,465
  • Jan 2, 2020 8:59am Jan 2, 2020 8:59am
Quoting Coreg2004
Possible plays for days to come... Edit: I changed the labeling on the 30M chart. {image} {image}
update...Good trading to all of us in 2020...
Attached Image(s) (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #507,466
  • Jan 2, 2020 9:09am Jan 2, 2020 9:09am
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yes yes yes
  • #507,467
  • Jan 2, 2020 9:16am Jan 2, 2020 9:16am
Why i like Ichimoku as a beginner to understand the basics of the game (just still missing the proper money management :-) ) .. Today i think that the break of the 4h tenkan at about 3195 with a large drop was a very nice move.

You can see the drop at the 5 min chart but it was the blue line/tenkan at the 4h chart that broke with a fall after as could be expected. Why multiframe time analysis is important as always...

now we are holding at the red line /kijun at the 4h chart at about 3125
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  • #507,468
  • Jan 2, 2020 9:23am Jan 2, 2020 9:23am
Quoting krst8
{quote} i share your picture. Offtopic question.. May i ask how you deal with the money management for such a long trade over several days? You scale in at levels with tight stops above the TP/supply zones? i shorted this way to early so had some large heavy floating loss but “gambled” and shorted again at 3280 that payed of, but i never manage to scale in to winners, only losers (classical!) why i am asking...
I'm only a scalper on renko chart brick 30 points. Supply and demand give me direction and as long as I can trade in that direction. the trend does not end in a few hours so for a few days I try to follow it. H4 is fundamental for me from this point of view. If you look a chart and after 1 minute you don't understand the direction, forget it.
Ed Seykota; "Systems based on trend following follow and do not anticipate price movements; I find it useless to try to guess where the prices will go when it is much simpler and less risky to wait to see where they are going".
  • #507,469
  • Jan 2, 2020 9:30am Jan 2, 2020 9:30am
this is it for the day. 3114.
Intraday only.
  • #507,470
  • Jan 2, 2020 9:32am Jan 2, 2020 9:32am
Quoting navk
this is it for the day. 3114.
likely can’t see my fairy at 3105 for today
just for a cup of coffee...
  • #507,471
  • Jan 2, 2020 9:37am Jan 2, 2020 9:37am
longs must have 3122 stop now
Intraday only.
  • #507,472
  • Jan 2, 2020 9:37am Jan 2, 2020 9:37am
Quoting akim0895
{quote} likely can’t see my fairy at 3105 for today
not today. ha..ha..
Intraday only.
  • #507,473
  • Jan 2, 2020 9:40am Jan 2, 2020 9:40am
Quoting navk
{quote} not today. ha..ha..
right here waiting
just for a cup of coffee...
  • #507,474
  • Jan 2, 2020 9:59am Jan 2, 2020 9:59am
longs must have 3119 stop for the day
Intraday only.
  • #507,475
  • Jan 2, 2020 10:07am Jan 2, 2020 10:07am
Quoting crow
I think, good target 1.3036 — 1.30500 {image}

1.3050 is my number too
  • #507,476
  • Jan 2, 2020 10:21am Jan 2, 2020 10:21am
Quoting thevisitor
{quote} 1.3050 is my number too
TV, today big correction to 61.8%?
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #507,477
  • Jan 2, 2020 11:23am Jan 2, 2020 11:23am
Quoting Coreg2004
{quote} TV, today big correction to 61.8%? {image}
Coreg, yes i think that's a good call..
all the best for you in 2020!
  • #507,478
  • Jan 2, 2020 11:26am Jan 2, 2020 11:26am
Quoting Coreg2004
{quote} TV, today big correction to 61.8%? {image}
1..31 in my mind too...sure..
  • #507,479
  • Jan 2, 2020 2:20pm Jan 2, 2020 2:20pm
Quoting thevisitor
{quote} 1..31 in my mind too...sure..

Of course.

Then lower.
Beware of robber banks (RB), bad advisors.
  • #507,480
  • Jan 2, 2020 2:22pm Jan 2, 2020 2:22pm
Test


Ohhh what a drop today



What u doing friends?

I watched some movies and then played little golden music.

And you may not guess what came on!!!

Well i rocked a little bit, then decided to re-write the lyrics ...just a bit

Another red letter day.
So the pound has dropped TRUE!!! and the children are created
The other half ran away
Taking all the cash and leaving you with the lumber SOON, But not taking anything , that batch !!!!

Got a pain in the chest...

Now it's a beautiful day
......



I love this. Who doesn't
Beware of robber banks (RB), bad advisors.
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