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Cable Update (GBPUSD)

  • #509,141
  • Jan 20, 2020 7:20am Jan 20, 2020 7:20am
SL hit on my shorts , will keep an eye out on this up leg and see if I can enter shorts higher at 1.305 level.
  • #509,142
  • Jan 20, 2020 7:20am Jan 20, 2020 7:20am
american banks holiday today, beware guys.
Intraday only.
  • #509,143
  • Jan 20, 2020 7:23am Jan 20, 2020 7:23am
Quoting ricmaj
{quote} seeing too many negatives only to come back does make a perfect entry decision. Truly every enterprenuer can grow only on rocky grounds. Find them and make your decisions wisely S1 seem to be a Rock today.
Yep.. It bounced right on S1. Not sure yet if cable has mojo to break 1.3033.

Cheers...
Hey buddy, let's grab some Pips!
  • #509,144
  • Jan 20, 2020 7:26am Jan 20, 2020 7:26am
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 22 KB
Attached Image (click to enlarge)
Click to Enlarge Name: GU1.png Size: 41 KB
yes yes yes
  • #509,145
  • Jan 20, 2020 7:28am Jan 20, 2020 7:28am
Quoting Donaciello
{quote} Hey there Whitemouse, Your statement will likely go against many traders in this forum, but I think what you say is very true. Smaller timeframes will not just get you a nervous breakdown, but it also distracts from learning to anticipate the bigger moves. Not saying I'm all that good at it, but I've tried scalping on lower timeframes, even had some succes with it, but in the end it never worked for me. The most important benefit of higher timeframe trading is the comparatively lower spread cost, since that is what will eat your account...
Pretty much.

We trade, we win, we lose, get the trading account completely wiped out a few times for being stubborn, and only then we learn a bit.

Then we learn how to observe, resist to temptations and greediness impulses, and leave the cage to trade only for the bigger moves.

Hahahaha... Thanks also for your honesty sharing it.

Cheers...
Hey buddy, let's grab some Pips!
  • #509,146
  • Jan 20, 2020 7:44am Jan 20, 2020 7:44am
Quoting WhiteMouseFX
Hey guys, don't take this to the heart ok, but trying listening (reading actually) to the guys here who are in the FX game much much longer than you. Some here have been trading for decades. Very nice people. Learned a lot. Looking at small time frames only will make your minds go havoc. It's almost impossible to trade like that. Bigger picture first is the way to go. Then smaller time frames to find entry points. It's impossible to become a High Frequency Trader without learning the baby steps first. Cheers, Happy trade.
Guztro
Akim
Kinkie
HalBot
Moty too lol

are the ones off the top of my mind in this forum

are the ones that come to mind.
What I learned from them though is ultimately, you gotta figure this shit out for yourself, because no ones going to trade for you.
  • #509,147
  • Jan 20, 2020 7:46am Jan 20, 2020 7:46am
Quoting montygoldy
Woke up... with my longs from friday... still under water....but the best part is it didnot hit my margin call....
same here. I thougt it was going to bounce off s1 but it is bouncing from S2. What is your target?
  • #509,148
  • Jan 20, 2020 7:47am Jan 20, 2020 7:47am
Quoting MamounDeb
{quote} same here. I thougt it was going to bounce off s1 but it is bouncing from S2. What is your target?
s1
Intraday only.
  • #509,149
  • Jan 20, 2020 7:48am Jan 20, 2020 7:48am
Quoting Ra.
{quote}(...) no ones going to trade for you.
You'd be surprised (or not) how many would eagerly trade for you.

But yeah, best thing you can do is find out yourself what works for you.
It's a sport, an artform and a science.
  • #509,150
  • Jan 20, 2020 7:54am Jan 20, 2020 7:54am
Volumes too low,lately this pair is just not the best to trade
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.png Size: 118 KB
Watch me trade Live on YouTube
  • #509,151
  • Jan 20, 2020 7:59am Jan 20, 2020 7:59am
Quoting sunnym
Volumes too low,lately this pair is just not the best to trade {image}
As us closed today to be expected. But low volume, indication of a ”fakeout” or not the increase of price after the morning?
  • #509,152
  • Jan 20, 2020 8:02am Jan 20, 2020 8:02am
Quoting MamounDeb
{quote} same here. I thougt it was going to bounce off s1 but it is bouncing from S2. What is your target?
Same as moty’s tp
Extreme gut feeling trader
  • #509,153
  • Jan 20, 2020 8:06am Jan 20, 2020 8:06am
EG closed his gap , gu still not
Attached Image (click to enlarge)
Click to Enlarge Name: GU1.png Size: 54 KB
yes yes yes
  • #509,154
  • Jan 20, 2020 8:15am Jan 20, 2020 8:15am
Quoting Moty
EG closed his gap , gu still not {image}
I dont think you are correct, my ecn broaker closed on friday at 3010, and today we already reached 3010. So the gap for GU is already closed.
  • #509,155
  • Jan 20, 2020 8:22am Jan 20, 2020 8:22am
Quoting Donaciello
{quote} You'd be surprised (or not) how many would eagerly trade for you. But yeah, best thing you can do is find out yourself what works for you.
Yeah, I think I could have reworded that better:

"If you want to be successful in FX, no one is going to do it for you".

People will offer services, but I'm a DIY kind of guy, it goes against my principles, plus this the next step for a previous degenerate poker player who doesn't want to work in a cubicle or a metal box in the middle of the Prairies.
  • #509,156
  • Jan 20, 2020 8:28am Jan 20, 2020 8:28am
Quoting krst8
{quote} I dont think you are correct, my ecn broaker closed on friday at 3010, and today we already reached 3010. So the gap for GU is already closed.
My broker still hasn't hit 3010
Do or do not, there is no try - Master Yoda
  • #509,157
  • Jan 20, 2020 8:35am Jan 20, 2020 8:35am
Quoting BenWarburton
{quote} My broker still hasn't hit 3010
ok, to be exact at the pip, my neither 3009 was the highest...
  • #509,158
  • Jan 20, 2020 8:42am Jan 20, 2020 8:42am
checking usdx , top extension on the run , choppy though ! ok over 97.41.Take care
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #509,159
  • Jan 20, 2020 9:00am Jan 20, 2020 9:00am
Quoting krst8
{quote} I dont think you are correct, my ecn broaker closed on friday at 3010, and today we already reached 3010. So the gap for GU is already closed.
yes , i missed that
Attached Image (click to enlarge)
Click to Enlarge Name: GU1.png Size: 48 KB
yes yes yes
  • #509,160
  • Jan 20, 2020 9:06am Jan 20, 2020 9:06am
Bears will win!
See an interactive chart here.
Risk Management is of utmost importance!
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