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Cable Update (GBPUSD)

  • #530,601
  • Jun 24, 2020 3:37am Jun 24, 2020 3:37am
Quoting HaLBot
This could be a great trade on GN, 'The Beast' possibly a 300 pipper Time shown is London time wednesday {image}

Up 140 pips already, not the stellar 300 pipper in 15 minutes but a good outcome so far...was working when decision came out...
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 56 KB
Don't Leave Money on the Table
  • #530,602
  • Jun 24, 2020 3:38am Jun 24, 2020 3:38am
Quoting Moty
just checking the break {image}
THE daily open today is above daily pivot.

Easily, fall to S1 or closer to S1 does not take out bullishness according to my theory.

There are exceptional days though.
Intraday only.
  • #530,603
  • Jun 24, 2020 3:39am Jun 24, 2020 3:39am
Quoting SCopier
On my chart Bull or Bear still 50:50 {image}
I'll check a trusted source...
Attached Image (click to enlarge)
Click to Enlarge Name: GU Chart.jpg Size: 233 KB
Don't Leave Money on the Table
  • #530,604
  • Jun 24, 2020 3:41am Jun 24, 2020 3:41am
Quoting Georginson
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 .....and focus more on the price actions.
Although I'm impressed by your system using ranges, there are also big possibilities for slippage. Most traders don't have a big trading account (like yours maybe) that can absorb running losses of 50 -150 pips).
I still think that 1.2310 is very much in the cards until we hit certain important targets above. I might seriously take that trade once we hit the 1.2557 - 1.2575 levels but will wait how prices will react at those levels.
Lost....
  • #530,605
  • Jun 24, 2020 3:46am Jun 24, 2020 3:46am
Took the buy @ 1.2477 TP 1.2500
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 5 KB
Don't Leave Money on the Table
  • #530,606
  • Jun 24, 2020 3:47am Jun 24, 2020 3:47am
Quoting HaLBot
{quote} I'll check a trusted source... {image}
Its Magic !
Attached Image
in wondering about yourself, you forgot what you came here to be part of
  • #530,607
  • Jun 24, 2020 3:48am Jun 24, 2020 3:48am
Quoting gespiri
{quote} Although I'm impressed by your system using ranges, there are also big possibilities for slippage. Most traders don't have a big trading account (like yours maybe) that can absorb running losses of 50 -150 pips). I still think that 1.2310 is very much in the cards until we hit certain important targets above. I might seriously take that trade once we hit the 1.2557 - 1.2575 levels but will wait how prices will react at those levels.
this week, the price is rising from the bottom range.

And moved up 2330 and until not 2530. (200 pips. )
Intraday only.
  • #530,608
  • Jun 24, 2020 3:50am Jun 24, 2020 3:50am
Quoting HaLBot
{quote} I'll check a trusted source... {image}

Look like GU will wait news coming, and my view is
Better wait good moment
  • #530,609
  • Jun 24, 2020 3:52am Jun 24, 2020 3:52am
Quoting gespiri
{quote} Although I'm impressed by your system using ranges, there are also big possibilities for slippage. Most traders don't have a big trading account (like yours maybe) that can absorb running losses of 50 -150 pips). I still think that 1.2310 is very much in the cards until we hit certain important targets above. I might seriously take that trade once we hit the 1.2557 - 1.2575 levels but will wait how prices will react at those levels.
The number reason for adopting ranges is to avoid big slippage. In an erratic market environment, there is strong need for solid risk management and ranges provide that.

This week for example first sell entry made at 1.2492 when weekly distance was already 160 pips, second sell level at 1.2530 when weekly distance was already 200 pips... These distances are risks that have been avoided. Ranges will show you maximum possible risk and prepare you better ahead of time to sight future possible prices.

In the last 13 weeks the prices have been between 1.2073 and 1.2813 which translates to 740 pips distance (risk) but in this last 13 weeks the maximum weekly range has been 400 pips which happened just once and 340 pips which happened 3 times, while 280-225 pips taking the remaining most weekly ranges.

So if I place a sell at the top of the weekly range of 200 pips, I can safely assume my total risk for the week is 200 pips which is very unlikely and also subject to reversal which will definitely reduce my risk exposure.
Data + Stat + Risk/Emotions Management
  • #530,610
  • Jun 24, 2020 3:52am Jun 24, 2020 3:52am
Quoting knkie
{quote} Its Magic ! {image}
LOL....he's got the look on his face of "Yes I do this for a livin"
Don't Leave Money on the Table
  • #530,611
  • Jun 24, 2020 3:55am Jun 24, 2020 3:55am
Quoting SCopier
{quote} Look like GU will wait news coming, and my view is Better wait good moment
Yeah I was surprised by the sudden turn around and bought on the of chance it was heading back up, it really looked like a much deeper sell off as we've been used to lately...
Don't Leave Money on the Table
  • #530,612
  • Jun 24, 2020 3:59am Jun 24, 2020 3:59am
Quoting Georginson
{quote} The number reason for adopting ranges is to avoid big slippage. In an erratic market environment, there is strong need for solid risk management and ranges provide that. This week for example first sell entry made at 1.2492 when weekly distance was already 160 pips, second sell level at 1.2530 when weekly distance was already 200 pips... These distances are risks that have been avoided. Ranges will show you maximum possible risk and prepare you better ahead of time to sight future possible prices. In the last 13 weeks the prices have been...
great.

you decide to short or long based on previous week candle ?

There are instances, complete reversal?
Intraday only.
  • #530,613
  • Jun 24, 2020 4:02am Jun 24, 2020 4:02am
Hopefully, we will see the 1.2440 area within the next 4 hours.
It always seems impossible until it is done.
Annex_of_Realsoldier All Time Return: na
  • #530,614
  • Jun 24, 2020 4:05am Jun 24, 2020 4:05am
Quoting Yngwie
{quote} PA bearish and DXY breaks this level. Cable going down! SHORT @ 2490
Hit BE LOL
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #530,615
  • Jun 24, 2020 4:06am Jun 24, 2020 4:06am
Quoting HaLBot
Took the buy @ 1.2477 TP 1.2500 {image}
Higher now️
PA Return This Week: 39.2%
  • #530,616
  • Jun 24, 2020 4:08am Jun 24, 2020 4:08am
same pattern like yesterday .
yesterday from low to high it's 100 pips .
so my tp is between 1.25595-1.25753
Attached Image (click to enlarge)
Click to Enlarge Name: guh1.png Size: 39 KB
yes yes yes
  • #530,617
  • Jun 24, 2020 4:09am Jun 24, 2020 4:09am
2465 to 2570 makes it ADR for the day.
Intraday only.
  • #530,618
  • Jun 24, 2020 4:13am Jun 24, 2020 4:13am
Quoting Siame
LONG 1.24895
CLOSED @ 1.25059 +17pips
  • #530,619
  • Jun 24, 2020 4:13am Jun 24, 2020 4:13am
Quoting knkie
{quote} Its Magic ! {image}
Compulsions can be hard to resist
  • #530,620
  • Jun 24, 2020 4:14am Jun 24, 2020 4:14am
What the hell is going on?
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