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Cable Update (GBPUSD)

  • #521,341
  • May 19, 2020 1:40am May 19, 2020 1:40am
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yes yes yes
  • #521,342
  • May 19, 2020 1:43am May 19, 2020 1:43am
Quoting elbert3
{image}Long added until 5 min cross possibly 2278 watching confirm breakout
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as above and looking at that tl it could race up
  • #521,343
  • May 19, 2020 1:45am May 19, 2020 1:45am
Quoting fontu
perfect to test 1.2282 from at support & next signal 1.2466 breaks & hold for further up fo 2642 double top play.Take care {image} {image}
2260/82 test doing in an extension top if to correct for any support to further ups!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #521,344
  • May 19, 2020 1:45am May 19, 2020 1:45am
Trade what you see
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  • #521,345
  • May 19, 2020 1:46am May 19, 2020 1:46am
Moty,

It seems you are all over the place first short then long. Can you tell me how you trade like this?
  • #521,346
  • May 19, 2020 1:48am May 19, 2020 1:48am
Quoting NeoMatriX
{quote} PA will try to test the H4 downtrend which has been running 54 x h4 @ 1.2250/60
h4
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  • #521,347
  • May 19, 2020 1:49am May 19, 2020 1:49am
Quoting DailyChart
I am mentioned it many times before,The Key is Stacking at The Right Side Now watching where Pound close at the london open while other pairs going very well {image} {image} {image} {image}
Have you closed your GU buys? Most people were so certain it was going to the abyss at 1.16 and probably below. But some were also sure it was going to retrace. Now it is doing an extension more than a retrace. By the way, good trades on the other pairs.
  • #521,348
  • May 19, 2020 1:51am May 19, 2020 1:51am
Quoting shakmoney
Moty, It seems you are all over the place first short then long. Can you tell me how you trade like this?
There is something called the ignore button on FF. If you don't like a person's style of trading why not ignore instead of asking the person spiteful questions? I don't get some of your comments here. This is a public board and if anybody wants they can even post a trade losing a million pips, it doesn't matter.
  • #521,349
  • May 19, 2020 1:52am May 19, 2020 1:52am
Quoting Mitiblotch
{quote} Have you closed your GU buys? Most people were so certain it was going to the abyss at 1.16 and probably below. But some were also sure it was going to retrace. Now it is doing an extension more than a retrace. By the way, good trades on the other pairs.
mitch, can i ask, i was in a buy and i just closed it at the top. Not sure how to look at when to close to TP or let things run sometime. I find myself unable to master this skill, sometimes when i hold and let it run, it reveres and stops me out but sometimes i take TP too early as well. It's really hard to pick when to do so, any advice?
  • #521,350
  • May 19, 2020 1:53am May 19, 2020 1:53am
Quoting Mitiblotch
{quote} Have you closed your GU buys? Most people were so certain it was going to the abyss at 1.16 and probably below. But some were also sure it was going to retrace. Now it is doing an extension more than a retrace. By the way, good trades on the other pairs.
Price beautifuly reject and Stay above 1.2241 currently
I am will buy if price close above 1.2241, but price can't close below 1.2241 and 1.2258
  • #521,351
  • May 19, 2020 1:57am May 19, 2020 1:57am
True mate. But a trader needs to have insightful eyes, i.e. eyes that understand and can decipher what's on the charts. This comes with some hard work and solid trading skills.

KP

Quoting sunnym
Trade what you see {image}
Do your homework, follow the footprints of smart money
  • #521,352
  • May 19, 2020 1:59am May 19, 2020 1:59am
Quoting tehnoob
Bought again at 1.2179, at the open of the new hourly candle after the bearish hourly candle. If you believe you are in a developing trend, then look to buy/add at the close of sizeable counter-trend candles. Most of the times, the trend continues after that single counter-trend candle on at least the hourlies Stop loss can be places just below their lows {image}
Posted here yesterday
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  • #521,353
  • May 19, 2020 2:00am May 19, 2020 2:00am
development so far

SL moved to break even. This is now a free trade
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  • #521,354
  • May 19, 2020 2:01am May 19, 2020 2:01am
DXY below 99.300 = buy buy shorts
Patience and Discipline.
  • #521,355
  • May 19, 2020 2:02am May 19, 2020 2:02am
Almost 200 pips bull run in less than 48 hours... Range trading is really powerful. Now weekly range almost attained on a Tuesday morning. It is retracement back to 1.2150 and still not ruling out a final crash to 1.2000, before a long lasting bull run to 1.27 in weeks ahead. Cheers!
Data + Stat + Risk/Emotions Management
  • #521,356
  • May 19, 2020 2:04am May 19, 2020 2:04am
Quoting blaze1
{quote} mitch, can i ask, i was in a buy and i just closed it at the top. Not sure how to look at when to close to TP or let things run sometime. I find myself unable to master this skill, sometimes when i hold and let it run, it reveres and stops me out but sometimes i take TP too early as well. It's really hard to pick when to do so, any advice?

One first step is, if we're in a range and you bought at the bottom of the range or sold at the top, assume the range will hold, and exit near the other end.

Sure, occasionally it will run away and break out. But the market spends most of its time ranging, so you will be right MOST OF THE TIME

If your stop is set to breakeven as soon as you can, who cares if it reverses some time. Nobody catches all of the pips on the table, consistently
  • #521,357
  • May 19, 2020 2:16am May 19, 2020 2:16am
Quoting shakmoney
{quote} Not sure how you trade, you keep switching sides.
Scalping
  • #521,358
  • May 19, 2020 2:31am May 19, 2020 2:31am
Quoting blaze1
{quote} mitch, can i ask, i was in a buy and i just closed it at the top. Not sure how to look at when to close to TP or let things run sometime. I find myself unable to master this skill, sometimes when i hold and let it run, it reveres and stops me out but sometimes i take TP too early as well. It's really hard to pick when to do so, any advice?
See technoob's post above. Good post. Let me add this: you can split your position into 5 or 10 places depending on what lot size you trade. Let's say you trade 0.05. You can buy/sell 0.01 in 5 places (0.01 X 5 = 0.05). When you do this you can easily close some in profit as the trade moves in your favour. +20 pips, you close one 0.1; +30-40 pips, you close another, etc. Then move SL into maybe 5-10 pips profit for the remaining active trades and go to sleep. If it keeps going in your favour, fine. If it comes back and takes you out, no problem. After all you made profit on the other ones you closed.

I wish you well.
  • #521,359
  • May 19, 2020 2:34am May 19, 2020 2:34am
Running out of steam,waiting for another setup
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  • #521,360
  • May 19, 2020 2:37am May 19, 2020 2:37am
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major level here emas are short look until they cross . Tl is just about hit 2278 was target. And it looks like resistance on the shoulders.or armpits lol . so big red line here .
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