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Cable Update (GBPUSD)

  • #525,521
  • Jun 4, 2020 11:13pm Jun 4, 2020 11:13pm
Quoting ZeroLag
{quote} ha, good call, they spiked it...now what, this area still resistance?..still feels like the bulls are in charge, I took a long here for a chance at the highs this morning, think there is some support here... {image}
i think more longs
but it could all change at LO

its been a bullish week though
in wondering about yourself, you forgot what you came here to be part of
  • #525,522
  • Jun 4, 2020 11:23pm Jun 4, 2020 11:23pm
buying is still strong

Attached Image (click to enlarge)
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LUCKY golden trades, LUCKY gold investor trading style
  • #525,523
  • Jun 4, 2020 11:33pm Jun 4, 2020 11:33pm
Quoting Moty
Why do I get into trouble every time? {image} {image} {image}
No offence

You keep Buy high , sell low with no stop loss,
Candle hvnt close, you already say the candle is elgurfing or something,
candle hvnt close below / above S/R, you already say price will break S/R,or
U looking at 1m chart n say market hv already break S/R.
everything we can confirm is when candle closed at several tf.

And bfr see you said you hv set trailling stop or stop loss ,but when market reverse to near hit your stop , you removed ur stop,when price goes higher break S/R, u keep holding lose trade n say fake move.

you are good analysis trader, but your entry n style is really problem.
PA Return Today: na
  • #525,524
  • Jun 4, 2020 11:34pm Jun 4, 2020 11:34pm
GU taking out weak shorts, will move up higher.
Attached Image (click to enlarge)
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  • #525,525
  • Jun 4, 2020 11:44pm Jun 4, 2020 11:44pm
Quoting Moty
Switched to long {image}
good idea.

I just made good money in asia.

Usually asia does not disappoint me.
Intraday only.
  • #525,526
  • Jun 4, 2020 11:58pm Jun 4, 2020 11:58pm
Quoting navk
{quote} good idea. I just made good money in asia. Usually asia does not disappoint me.
what's your view about cable do you think it will take out the monthly high?
  • #525,527
  • Jun 5, 2020 12:01am Jun 5, 2020 12:01am
Quoting epzero
{quote} what's your view about cable do you think it will take out the monthly high?
see the pic.

2665 is 200 day SMA.

This should halt.

2655 is Daily R1

However, be prepared for stops hitting above 2665.

NFP may hit stops.
Attached Image (click to enlarge)
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Intraday only.
  • #525,528
  • Jun 5, 2020 12:03am Jun 5, 2020 12:03am
Ideally, I would like to buy after 5 am EST candle forms support. 4hr candle
Intraday only.
  • #525,529
  • Jun 5, 2020 12:05am Jun 5, 2020 12:05am
Quoting navk
{quote} good idea. I just made good money in asia. Usually asia does not disappoint me.
Seeing what you are doing is Asia, today I decided to change a bit and trade the Asia session, which I usually sleep trough.

Woke up at 3am and I wasn't dissapointed.

I'm considering changing my daily schedule and trading it from next week.
Patience and Discipline.
  • #525,530
  • Jun 5, 2020 12:07am Jun 5, 2020 12:07am
Quoting LeongPuiy
{quote} No offence You keep Buy high , sell low with no stop loss, Candle hvnt close, you already say the candle is elgurfing or something, candle hvnt close below / above S/R, you already say price will break S/R,or U looking at 1m chart n say market hv already break S/R. everything we can confirm is when candle closed at several tf. And bfr see you said you hv set trailling stop or stop loss ,but when market reverse to near hit your stop , you removed ur stop,when price goes higher break S/R, u keep holding lose trade n say fake move. you are...
My friend, i bought new hourly high , because price is above the 50 sma band
I am trading my trading strategy
Attached Image (click to enlarge)
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yes yes yes
  • #525,531
  • Jun 5, 2020 12:14am Jun 5, 2020 12:14am
Quoting Stefan90csk
{quote} Seeing what you are doing is Asia, today I decided to change a bit and trade the Asia session, which I usually sleep trough. Woke up at 3am and I wasn't dissapointed. I'm considering changing my daily schedule and trading it from next week.
risk is less in asia trading.

and these days it moves one sdie clean, 30 pips after tokyo open at 8 pm est.

London and NY are choppy sessions though volatility is more.
Intraday only.
  • #525,532
  • Jun 5, 2020 12:21am Jun 5, 2020 12:21am
Quoting navk
{quote} risk is less in asia trading. and these days it moves one sdie clean, 30 pips after tokyo open at 8 pm est. London and NY are choppy sessions though volatility is more.
Exactly what I’m seeing.
Patience and Discipline.
  • #525,533
  • Jun 5, 2020 1:11am Jun 5, 2020 1:11am
Quick counter trend trade in at 1.2652 target 1.2644
Don't trade what you think. Just what you see!!!
  • #525,534
  • Jun 5, 2020 1:16am Jun 5, 2020 1:16am
The end of buying... Major resistance broken and stops triggered to 1.2663 so far. Failure here the Bears will dominate for extended period of time.
Data + Stat + Risk/Emotions Management
  • #525,535
  • Jun 5, 2020 1:16am Jun 5, 2020 1:16am
Quoting Theoak
Quick counter trend trade in at 1.2652 target 1.2644
+ 9 pips out.
Don't trade what you think. Just what you see!!!
  • #525,536
  • Jun 5, 2020 1:18am Jun 5, 2020 1:18am
Is this looking to punch up to 2770 TODAY???
Compulsions can be hard to resist
  • #525,537
  • Edited 1:41am Jun 5, 2020 1:19am | Edited 1:41am
Quoting Theoak
{quote} + 9 pips out.
long 1.2654 target 1.2564

loss 2 pips. missed the quick scalp close typing the trade out when hit target
looking for quick short if sets up.

short 1.2651 target 1.2640
Don't trade what you think. Just what you see!!!
  • #525,538
  • Jun 5, 2020 1:20am Jun 5, 2020 1:20am
Quoting mkvy
{quote} Yeah, you can do that on H4, if the price beaks the previous candle and closes bullish for a buy {image}
Thank you mkvy
I think on 4 hr with trailing stop, there is money to be made.

Now what is that line on your chart
Compulsions can be hard to resist
  • #525,539
  • Jun 5, 2020 1:22am Jun 5, 2020 1:22am
Quoting fx4money
buying is still strong {image}
Nice trading there Sir
Compulsions can be hard to resist
  • #525,540
  • Jun 5, 2020 1:23am Jun 5, 2020 1:23am
My idea of the "roof" is 1.27100 (61.8 of MAJOR move).
WT
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