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Cable Update (GBPUSD)

  • #530,261
  • Jun 23, 2020 4:55am Jun 23, 2020 4:55am
....you wonder how much support/demand can be left in this area at the current lo...if it is tested aqain? - if support/res becomes weaker each time it gets hit as buyers/sellers respectively give up trying to defend the area under attack . Breeched the asc 1hr t/line on the move down.
Trader with an Edge.
  • #530,262
  • Jun 23, 2020 4:56am Jun 23, 2020 4:56am
Quoting Moty
{image}
hey were on the same page this time
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #530,263
  • Jun 23, 2020 5:00am Jun 23, 2020 5:00am
Quoting Headland
....you wonder how much support/demand can be left in this area at the current lo...if it is tested aqain? - if support/res becomes weaker each time it gets hit as buyers/sellers respectively give up trying to defend the area under attack . Breeched the asc 1hr t/line on the move down.
Although PMIs were positive the underlying issues with UK economy meant the figures didn't mean much so good time to sell....
Don't Leave Money on the Table
  • #530,264
  • Jun 23, 2020 5:01am Jun 23, 2020 5:01am
Quoting Siame
LONG 1.24907
Quoting Siame
Added 1.24829
CLOSED both positions @ 1.2451 -71pips

SHORT in @ 1.24536
  • #530,265
  • Jun 23, 2020 5:03am Jun 23, 2020 5:03am
Quoting Theoak
{quote} I know him well
After skrewing 25 of the 30k from my IB account some 10 years ago, I couldnt even pull the trigger anymore. Took me some time to get over it. Still had to trade 1 full year demo before I felt confortable but with far smaller money this time. Still have losses some 10% for some session but they have become very rare now(counting 3 for the last 3 months; one -13%(..)). Sometimes making a mess of it after a couple of losses in a row; usually should not have been sitting behind the screens at all; not fit. Not thinking clearly like today; news in the back of your head can be something beautifull but it sometimes spooks me a bit, doing the wrong things. Should have stayed with the chart (

I played many sessions lately, feeling tired. I know its time for some break now; very hot weather comming as well next days in Holland. Beautifull, Im going to the beach )

Have a nice day!
Life is great!!
  • #530,266
  • Jun 23, 2020 5:05am Jun 23, 2020 5:05am
Quoting hocius
My view, going down soon {image}
Nice
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 106 KB
  • #530,267
  • Jun 23, 2020 5:06am Jun 23, 2020 5:06am
Quoting Siame
{quote} {quote} CLOSED both positions @ 1.2451 -71pips SHORT in @ 1.24536
Need to set your SL no more than 10 pips I think until you handle these losses there M8....
Don't Leave Money on the Table
  • #530,268
  • Jun 23, 2020 5:14am Jun 23, 2020 5:14am
Quoting despichtt
{quote} After skrewing 25 of the 30k from my IB account some 10 years ago, I couldnt even pull the trigger anymore. Took me some time to get over it. Still had to trade 1 full year demo before I felt confortable but with far smaller money this time. Still have losses some 10% for some session but they have become very rare now(counting 3 for the last 3 months; one -13%(..)). Sometimes making a mess of it after a couple of losses in a row; usually should not have been sitting behind the screens at all; not fit. Not thinking clearly like today; news...
Sorry to hear that buddy. You prob can guess I don't take thing too serious. I lived in Holland for a while. Loved the place! Hilversum.
Don't trade what you think. Just what you see!!!
  • #530,269
  • Jun 23, 2020 5:15am Jun 23, 2020 5:15am
Okay without putting the Moz on some upside now I have FF opening on my trading software as 1.244175 and the low 14 minutes ago @ 1.244195, may not seem like much but usually says that's the bottom or top with direction going to change....
Could be wrong

It's the same with tweezer tops or bottoms..
Don't Leave Money on the Table
  • #530,270
  • Jun 23, 2020 5:16am Jun 23, 2020 5:16am
Quoting SFundamental
1.24413 initial support
1.24420- close enough

https://www.tradingview.com/x/zvBvXYJj/
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #530,271
  • Jun 23, 2020 5:17am Jun 23, 2020 5:17am
Quoting Siame
{quote} {quote} CLOSED both positions @ 1.2451 -71pips SHORT in @ 1.24536
Mate, you should learn to cut your loss early like 10-15 pips
  • #530,272
  • Jun 23, 2020 5:17am Jun 23, 2020 5:17am
1.24 support h1 usually it doesnt touch it i.24 critical level but dont take short here
  • #530,273
  • Jun 23, 2020 5:17am Jun 23, 2020 5:17am
.....still some buyers at support...4hr is below....rangy conditions persist intraday.
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Trader with an Edge.
  • #530,274
  • Jun 23, 2020 5:19am Jun 23, 2020 5:19am
Quoting HaLBot
{quote} Although PMIs were positive the underlying issues with UK economy meant the figures didn't mean much so good time to sell....
Sincerely all those data are useless in the short term. All data can be red and the movers still find a way to manufacture a 300-pip spike and vice versa.
  • #530,275
  • Jun 23, 2020 5:22am Jun 23, 2020 5:22am
Be careful Guys, might be a bull trap, I am bearish under 1.2473
A trader is as good as his stop loss. Understand your mistakes.
  • #530,276
  • Jun 23, 2020 5:25am Jun 23, 2020 5:25am
Quoting Theoak
{quote} Sorry to hear that buddy. You prob can guess I don't take thing too serious. I lived in Holland for a while. Loved the place! Hilversum.
Yes, Hilversum very nice; Arnhem as well; thats where Im living. No real big deal at the end; it wasnt my money )

Life is great!!
  • #530,277
  • Jun 23, 2020 5:25am Jun 23, 2020 5:25am
Quoting Student21
Be careful Guys, might be a bull trap, I am bearish under 1.2473
I may be under 2427

Because right now above 2460 is above daily/weekly/monthly pivot...
COT: The precious data ignored
  • #530,278
  • Jun 23, 2020 5:25am Jun 23, 2020 5:25am
Quoting Mitiblotch
{quote} Sincerely all those data are useless in the short term. All data can be red and the movers still find a way to manufacture a 300-pip spike and vice versa.
Yep it's called market sentiment, can go up or down despite the data
Don't Leave Money on the Table
  • #530,279
  • Jun 23, 2020 5:25am Jun 23, 2020 5:25am
Quoting despichtt
{quote} It doesnt really matter how good a trader someone is; if you cant take your losses one will never be a winner ) Wise lessons from my teacher once ))
That's the best motivation for any looser.
  • #530,280
  • Jun 23, 2020 5:26am Jun 23, 2020 5:26am
people who took long they didnt took it for 100 pips remember it
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