Cable Update (GBPUSD)

Newbie hope your learning something

going down to 2457/60 first and then spike in NY session.

stop misleading people

hey hey Guys, please let's take it easy - we are all trying to make sth nice here, maybe help each other, nobody's opinion should be taken as trading advice. We are humans we err and learn, have ego etc. Peace and good luck...market is sometimes hard enough itself.

Charge your phone mate

this happens..whipsaw if you trade on daily basis.

And my advise to you.

Do not trade based on anybody advice.

Just check with your own system and see if it matches with other ideas posted here.

There are scalpers, day traders, swingers, position traders...so.

A Scalping day:

Short in at 1.2498 - out + 3 pips
short in at 1.2483 - out + 3 pips

I will

LONG 1.24895

Here we go, probably today merket will breach under 1.2400 area.

Just my 2 cents......

The London opening half hour/45 mins is bananas sometimes. I have lost far more then won. went long then stopped out at BE so not all was a loss. Lesson learned... Wait till it settles and the liquidity/Stops hunting has stopped.

Looking for another trade

So, can we now have our 2550? now that the bears have touched the H4 average at 2485. It has taken quite a while. Asia got near but didn't get there. London might get us well beyond there

I've been hunting since morning till now earn some pips.

I'm going in after hour close if it reaches 1.2470....SL at 1.2455.

Hi Bydyke, Why do you think it will go up? Surely it is at the top of the daily channel. I think we are in for a very hard day's trading.

S1 is 2457. From S1 to R1 or more today.

IMO.

I seriously wonder why most traders cannot tolerate floating negative of 80-150 pips and start moaning about potential negative. To stay in this market you must have definite trade plans ahead of time and no price movement no matter the volatility should shock you as traders must have plan A and Plan B to combat the erratic price structures and supply imbalances.

Most cases bulls have their time and bears also have their time, staying true to a direction amidst trade storm can be beneficial and can also be disastrous...

Never buy at the top of a range
Never Sell at the bottom of a range
Never go against a developing trend
Never trade if you can't put your emotions in check
Never trade with lot sizes that will make negative 100 pips look like negative 1000 pips

You scalp 15 pips in multiple places in a ranging market only to get carried away and not pay attention to break out zones that will take all your scalped pips away and even more...

You keep applying multiple indicators and make the chart look like world war 2 scene and keep believing in Mirage of seeing the market clearly...

You keep using indicators that are provided by robber Banks which will sometimes lag behind and cause misplaced entries and exits...

The BRUTAL TRUTH is that indicators only respond to PRICES... And you need to find out the X Factor that PRICES respond to with well defined plan and risk management measures.

Stop moaning over less than significant floating trades and focus more on the price actions.