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Cable Update (GBPUSD)

  • #526,261
  • Jun 9, 2020 2:25am Jun 9, 2020 2:25am
Quoting Theoak
{quote} out + 18 pips hoping this will retrace and will short again for target 1.2677
Well it did not retrace and it has took out my target. Will now look for a bullish movement, so hands tied for the moment.
Don't trade what you think. Just what you see!!!
  • #526,262
  • Jun 9, 2020 2:26am Jun 9, 2020 2:26am
long again 1.2672
SCALP WIN
  • #526,263
  • Jun 9, 2020 2:27am Jun 9, 2020 2:27am
Price now below daily pivot. Bears now in control.
  • #526,264
  • Jun 9, 2020 2:27am Jun 9, 2020 2:27am
Looking for a SHORT opportunity if we get a retrace. Targeting 1.25800
  • #526,265
  • Jun 9, 2020 2:29am Jun 9, 2020 2:29am
I am operating like a hawk tracking GBPAUD price action for a potential southward turnaround within the 1.83000/1.84000 zone (magenta). Disclaimer: I am a swing trader.

Stay safe, trade safe.

KP

Attached Image (click to enlarge)
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Do your homework, follow the footprints of smart money
  • #526,266
  • Jun 9, 2020 2:30am Jun 9, 2020 2:30am
Quoting ongtrumvn99
I may have been beaten by the market today. {image}
No, I cannot be beaten by the market. just a hard time. I hope I don't lose today.
Attached Image (click to enlarge)
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SCALP WIN
  • #526,267
  • Jun 9, 2020 2:31am Jun 9, 2020 2:31am
Quoting ongtrumvn99
long again 1.2672
add 1.2678
SCALP WIN
  • #526,268
  • Jun 9, 2020 2:33am Jun 9, 2020 2:33am
Quoting ongtrumvn99
{quote} add 1.2678
I sincerely believe we should see 2820 area. Let's see if we can close back above the daily pivot. If the pivot resists then price may head down, but if it folds then price should hit 2820 area.
  • #526,269
  • Jun 9, 2020 2:35am Jun 9, 2020 2:35am
Quoting ongtrumvn99
{quote} add 1.2678
What is this, a psychology session??
I think you're over-leveraging most of the times by piling up.
If you have a buy/sell target, make the trade and have an exit plan to protect your capital. If it hits your stop levels, it simply means that your price entry was wrong and you regroup again.
Lost....
  • #526,270
  • Jun 9, 2020 2:36am Jun 9, 2020 2:36am
Quoting KeenPips
I am operating like a hawk tracking GBPAUD price action for a potential southward turnaround within the 1.83000/1.84000 zone (magenta). Disclaimer: I am a swing trader. Stay safe, trade safe. KP {image}
Pleased to see another swing trader. I am riding the short on GBPAUD already. Waiting for it to drop to 1.78xxx. Trade Safe.
WARNING: This post warps space and time in its vicinity.
  • #526,271
  • Jun 9, 2020 2:37am Jun 9, 2020 2:37am
Quoting Mitiblotch
{quote} I sincerely believe we should see 2820 area. Let's see if we can close back above the daily pivot. If the pivot resists then price may head down, but if it folds then price should hit 2820 area.
The market challenges us. confident - calm - winning.
SCALP WIN
  • #526,272
  • Jun 9, 2020 2:38am Jun 9, 2020 2:38am
Quoting ongtrumvn99
{quote} No, I cannot be beaten by the market. just a hard time. I hope I don't lose today. {image}
Why martingale at the same price? Why not just open 1 big trade instead of 10-20 small?

I have yet to see a martingale trader to make consistent profits, long term. They simply don't exist. The key of trading is psychology...and martingale defies that psychology right there. Unable to wait for a good entry, unable to close a losing trade.
Everyone can see the chart, but only a few can actually read it.
  • #526,273
  • Jun 9, 2020 2:38am Jun 9, 2020 2:38am
Look at the MACD on the 5, 15, 30....all shifted bearish which mean possible down for the day.
When the 1hr does the same, then it's done.
Lost....
  • #526,274
  • Jun 9, 2020 2:40am Jun 9, 2020 2:40am
Quoting gespiri
{quote} What is this, a psychology session?? I think you're over-leveraging most of the times by piling up. If you have a buy/sell target, make the trade and have an exit plan to protect your capital. If it hits your stop levels, it simply means that your price entry was wrong and you regroup again.
I am the hunter of the market. I lived with it for 15 years.
SCALP WIN
  • #526,275
  • Jun 9, 2020 2:41am Jun 9, 2020 2:41am
Quoting Siame
Looking for a SHORT opportunity if we get a retrace. Targeting 1.25800
A slow drag back to previous Day's Low. Expecting it to break to trigger a cascade to the downside.
  • #526,276
  • Jun 9, 2020 2:41am Jun 9, 2020 2:41am
Quoting Coreg2004
{quote} dimadono, do you want to share with us who told you you have any clue about TA of financial markets?... You are very confused in strongly trending markets for the last 10 days...where would you go short?... Good luck with your trading. {image}
where would you go long?
  • #526,277
  • Jun 9, 2020 2:41am Jun 9, 2020 2:41am
Quoting OnlineAddict
{quote} Why martingale at the same price? Why not just open 1 big trade instead of 10-20 small? I have yet to see a martingale trader to make consistent profits, long term. They simply don't exist. The key of trading is psychology...and martingale defies that psychology right there. Unable to wait for a good entry, unable to close a losing trade.
Please see more clearly. I have cut a lot of wrong transactions.
SCALP WIN
  • #526,278
  • Jun 9, 2020 2:42am Jun 9, 2020 2:42am
First trade of the day on the beast, both Kiwi and Aussie in bearish mode so easy to scalp buys on GN, much bigger moves also at hand if you go the nerve
Actually a 30 pip trade shouldn't be considered a scalp, although on The Beast....
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Don't Leave Money on the Table
  • #526,279
  • Jun 9, 2020 2:45am Jun 9, 2020 2:45am
i will look to enter long on bearish hr4 candle,my view will change to short if last day low will be break with hr4 candle,till than i bull side

trade safe
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #526,280
  • Jun 9, 2020 2:46am Jun 9, 2020 2:46am
good long
Attached Image (click to enlarge)
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SCALP WIN
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