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Cable Update (GBPUSD)

  • #521,541
  • May 19, 2020 4:08pm May 19, 2020 4:08pm
If you are going to benefit from a public trading forum like FF, just remember the type of trader you are and focus on how you can be a valuable member - without being ego-centred or ego-involved in your posts. The first part will help you evaluate other members' contributions in light of how you trade, the second will help you handle some uncomplimentary, abusive or, even, unwarranted attacks. In summary, always remember why you join FF.

KP
Do your homework, follow the footprints of smart money
  • #521,542
  • May 19, 2020 5:26pm May 19, 2020 5:26pm
I want to use automatic trailing Stop for any trade, Anyone can help?
  • #521,543
  • May 19, 2020 5:30pm May 19, 2020 5:30pm
Hi All,

I've been a keen observer of these forums for several years but only until recently have I decided to trade FX exclusively. Hope it's appropriate to post here.. wanted to just put up an introductory post to say howdy and give a little background on me as well.

I spent my younger years working summers learning from family at the CBOT here in Chicago in the Ag and Financial trading floors. It was evident in the latter part of the 2000's that digitization was transforming open outcry (obviously) so I ended up becoming a CRM Analyst though trading has always been my ultimate goal career wise.

I'm very lucky in that I grew up around traders and I was very observant of their behavior. I'm very cognizant and strongly feel that success in trading as an individual, comes from understanding yourself first. I personally trade with the macro picture in mind and seek momentum based opportunities while keeping watch of technical levels.

I certainly hope to constructively contribute while at the same time learn from other view points and strategies.

Been Long GBP @ 1.2100, 1.2118, and 1.22385. Keeping close eye on potentially closing these longs soon, maybe this evening. I'm anticipating a reversal given the late afternoon push up almost hitting that 1.23 level and certainly the overall downward trend since the beginning of April.

Cheers to all
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  • #521,544
  • May 19, 2020 6:07pm May 19, 2020 6:07pm
Quoting Moty
{quote} i am stoped out , with 75 $ left from my 280 deposit . no problem , i still have 1720$ left from my 2000$ profit this month . tomorrow is a new day and new 280 $ deposit . what relay annoying me is that i was long and just want to catch a little short retrenchment that turned into disaster
Been there, done that blood
  • #521,545
  • May 19, 2020 6:11pm May 19, 2020 6:11pm
Quoting Moty
{quote} i was in short position all ready from 1.21700 from yesterday , and stop loss the loss
U still short ?
  • #521,546
  • May 19, 2020 6:42pm May 19, 2020 6:42pm
Quoting makl
I want to use automatic trailing Stop for any trade, Anyone can help?
https://www.forexfactory.com/showthr...58#post1575558
Together we can be strongest
Vantage Return This Month: na
  • #521,547
  • May 19, 2020 6:57pm May 19, 2020 6:57pm
Quoting IrishNinja81
Hi All, I've been a keen observer of these forums for several years but only until recently have I decided to trade FX exclusively. Hope it's appropriate to post here.. wanted to just put up an introductory post to say howdy and give a little background on me as well. I spent my younger years working summers learning from family at the CBOT here in Chicago in the Ag and Financial trading floors. It was evident in the latter part of the 2000's that digitization was transforming open outcry (obviously) so I ended up becoming a CRM Analyst though trading...
Hi IrishNinja81

Welcome to ForexFactory- I hope that you find it enjoyable and worthwhile.
I too look at the macro position first and then factor in other elements to try to work out what is happening.
and how the market is likely to play out.
Its a lot of work - as I look at all of the inter-related assets classes- as well as fundamentals (interest rates/politics etc...)
Spot is used by a number of other asset classes for various purposes. And knowing when traders of those classes are likely to trade (eg - gamma scalping etc...) can really help
Look forward to your contributions
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #521,548
  • May 19, 2020 7:12pm May 19, 2020 7:12pm
I'm waiting for the month to close.
maybe this region will be consolidated or not ... it will depend on whether the index UK100 will fill the gap that it did in the last fall ... depending on the closing, maybe Gu will have a big drop next month .. so I need to wait.
  • #521,549
  • May 19, 2020 7:13pm May 19, 2020 7:13pm
It does indeed look like it wants to retest the chin of that weekly hanging man.
Poor guy, breaks his neck then get's an uppercut
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Compulsions can be hard to resist
  • #521,550
  • May 19, 2020 7:18pm May 19, 2020 7:18pm
Quoting Marcieny
I'm waiting for the month to close. maybe this region will be consolidated or not ... it will depend on whether the index UK100 will fill the gap that it did in the last fall ... depending on the closing, maybe Gu will have a big drop next month .. so I need to wait.
when are you going to trade ?

You take 1 trade per year ?


Intraday only.
  • #521,551
  • May 19, 2020 7:22pm May 19, 2020 7:22pm
Quoting navk
{quote} when are you going to trade ? You take 1 trade per year ?
hahaha I'm actually reaching my daily goals in the index of Brazil .... some contracts and a few points per day.
today I made 8 trades.
Forex currencies are a bonus.
  • #521,552
  • May 19, 2020 7:24pm May 19, 2020 7:24pm
I expect price to reach 1.2302 daily R1 and then drop lower to Daily S1
Intraday only.
  • #521,553
  • May 19, 2020 7:38pm May 19, 2020 7:38pm
Daily profit today until NY close : 12 $

Withdrawal : 110 $ ( This is as usual daily withdrawal, with a calculation in mind )

For Growth : 12 $ - 110 $ = ( - 98 $ ) $.


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Intraday only.
  • #521,554
  • May 19, 2020 8:07pm May 19, 2020 8:07pm
Quoting SFundamental
{quote} Hi IrishNinja81 Welcome to ForexFactory- I hope that you find it enjoyable and worthwhile. I too look at the macro position first and then factor in other elements to try to work out what is happening. and how the market is likely to play out. Its a lot of work - as I look at all of the inter-related assets classes- as well as fundamentals (interest rates/politics etc...) Spot is used by a number of other asset classes for various purposes. And knowing when traders of those classes are likely to trade (eg - gamma scalping etc...) can really...
Thanks, SFundamental. I certainly feel the experience will be worthwhile, absolutely. I very much appreciate the work in drilling down what's happening. I appreciate your comments regarding assets classes, how their used, and for what. It's truly why I find markets fascinating. I'm curious by nature, analytical, and driven/compelled to continue learning how prices are determined. If a trader, how else can one discern price discovery? ....If even possible anymore, LOL. 'Adapt or die' is what's say in Technology.

Looking forward to reading and participating more. Thanks, again!
  • #521,555
  • May 19, 2020 9:02pm May 19, 2020 9:02pm
Quoting navk
I expect price to reach 1.2302 daily R1 and then drop lower to Daily S1
Yups..but cant touch it imo. Lets see after london open.
Today i smell bear.
  • #521,556
  • May 19, 2020 9:23pm May 19, 2020 9:23pm
Attached Image (click to enlarge)
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yes yes yes
  • #521,557
  • May 19, 2020 9:30pm May 19, 2020 9:30pm
Quoting Moty
{image}
What is your suggestion Moty, buy or sell?
  • #521,558
  • May 19, 2020 9:55pm May 19, 2020 9:55pm
Resistance on H1 @122750. Keep short if not break.
If break, looking for sell setup @123100
  • #521,559
  • May 19, 2020 10:09pm May 19, 2020 10:09pm
Quoting navk
Daily profit today until NY close : 12 $ Withdrawal : 110 $ ( This is as usual daily withdrawal, with a calculation in mind ) For Growth : 12 $ - 110 $ = ( - 98 $ ) $. {image}
sorry mate win some loss some but you made progress , tomorrow is another day.
  • #521,560
  • May 19, 2020 10:38pm May 19, 2020 10:38pm
Quoting KeenPips
If you are going to benefit from a public trading forum like FF, just remember the type of trader you are and focus on how you can be a valuable member - without being ego-centred or ego-involved in your posts. The first part will help you evaluate other members' contributions in light of how you trade, the second will help you handle some uncomplimentary, abusive or, even, unwarranted attacks. In summary, always remember why you join FF. KP
is GOLD
Focus.
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