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Cable Update (GBPUSD)

  • #531,361
  • Jun 26, 2020 8:16am Jun 26, 2020 8:16am
Quoting kuroro001
{quote} I don't really believe in ranges What happened to range traders when price fell to 1.32 to 1.14 within days? How do you you consider putting it in your trading? you use stop after it goes too much away from the range?
true and after that its rises hundreds pips up,just follow your plain
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #531,362
  • Jun 26, 2020 8:17am Jun 26, 2020 8:17am
Quoting zuluremys
Sellers how is the weather
You still long?
The grind never stops
  • #531,363
  • Jun 26, 2020 8:17am Jun 26, 2020 8:17am
Quoting Roszey
{quote} ok. cool. But when did it fall from 1.32 to 1.14?
In march dude
900/1000 pips range for the 2 weeks

While the average is like 200/300 pips?
COT: The precious data ignored
  • #531,364
  • Jun 26, 2020 8:23am Jun 26, 2020 8:23am
Quoting kuroro001
{quote} I don't really believe in ranges What happened to range traders when price fell to 1.32 to 1.14 within days? How do you you consider putting it in your trading? you use stop after it goes too much away from the range?
overall maybe ranges and statistics hold, but there are surely exceptions and we should keep that mind. Me myself almost busted an account over statistics and such. We should trust our systems, understand their assumptions and beware . )
A trader is as good as his stop loss. Understand your mistakes.
  • #531,365
  • Jun 26, 2020 8:24am Jun 26, 2020 8:24am
Quoting Student21
{quote} overall maybe ranges and statistics hold, but there are surely exceptions and we should keep that mind. Me myself almost busted an account over statistics and such. We should trust our systems, understand their assumptions and beware . )
Sure, you need to know how it works, when to get out when wrong is the most important part

I'm curious to know how it really works,who knows
COT: The precious data ignored
  • #531,366
  • Jun 26, 2020 8:26am Jun 26, 2020 8:26am
Quoting kuroro001
{quote} In march dude 900/1000 pips range for the 2 weeks While the average is like 200/300 pips?
yes true its dynamic market, vol can be change all the time, there are years with low vol and years with high and deadly vol
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #531,367
  • Jun 26, 2020 8:26am Jun 26, 2020 8:26am
Buy limit at 2368 acitvated (forgot to delete :3 ) TP 2385, add sell limit at 2382
https://investizo.com/investment/view?server=1&login=2141779119
  • #531,368
  • Jun 26, 2020 8:26am Jun 26, 2020 8:26am
I dont know where my TP. I still short in H4
  • #531,369
  • Jun 26, 2020 8:27am Jun 26, 2020 8:27am
Quoting Almo2312
{quote} yes true its dynamic market vol can be change all the time, there are years with low vol and years with high and deadly vol
Indeed, you know never what will happen the next day or next week
Look in 2008/2009 and look now

I'm just curious to know/when range traders get out of their trade
COT: The precious data ignored
  • #531,370
  • Jun 26, 2020 8:29am Jun 26, 2020 8:29am
Attached Image


some levels
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #531,371
  • Jun 26, 2020 8:34am Jun 26, 2020 8:34am
Quoting kuroro001
{quote} Indeed, you know never what will happen the next day or next week Look in 2008/2009 and look now I'm just curious to know/when range traders get out of their trade
well you know ..each one with his/her trading style..thats why i always stick to MY own view ..at least i know what to do if i wrong like i did when i went long

and then reversed to short in this scenario i knew exactly what to do.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #531,372
  • Jun 26, 2020 8:35am Jun 26, 2020 8:35am
Quoting Almo2312
{quote} well you know ..each one with his/her trading style..thats why i always stick to MY own view ..at least i know what to do if i wrong like i did when i went long and then reversed to short in this scenario i knew exactly what to do.
Right, better knowing his own system

I'm curious how this range thing works, could be useful
COT: The precious data ignored
  • #531,373
  • Edited 3:23pm Jun 26, 2020 8:37am | Edited 3:23pm
Quoting kuroro001
{quote} Indeed, you know never what will happen the next day or next week Look in 2008/2009 and look now I'm just curious to know/when range traders get out of their trade
kuroro, here is the setup for the range trading...
Attached Image (click to enlarge)
Click to Enlarge Name: GU06.26.30M.png Size: 100 KB
Always trade your own plan...I don't provide trading signals.
  • #531,374
  • Jun 26, 2020 8:37am Jun 26, 2020 8:37am
initial TP set at 1.233, but i need some sleep...

this thread help a lot...so, good luck everyone and have a nice weekend
Attached Image (click to enlarge)
Click to Enlarge Name: Capture+_2020-06-26-20-33-50.png Size: 175 KB
  • #531,375
  • Jun 26, 2020 8:40am Jun 26, 2020 8:40am
Closed my short just now, prefer buy at this point but view can be change after how this week and how this month end.
It always seems impossible until it is done.
Annex_of_Realsoldier All Time Return: na
  • #531,376
  • Jun 26, 2020 8:40am Jun 26, 2020 8:40am
Quoting Coreg2004
{quote} kuroro, here is the setup for the range trading... {image}
like buying the yellow area for the top one or your "target" ?
COT: The precious data ignored
  • #531,377
  • Jun 26, 2020 8:46am Jun 26, 2020 8:46am
Quoting kuroro001
{quote} In march dude 900/1000 pips range for the 2 weeks While the average is like 200/300 pips?
ok. i get you. Let me show you something.
March Started off by riding to the previous month's open price (over 400pips). Hence the monthly average of GU for March is between 400-600 pips. Now, after the price rose to the February Open price. it rejected it on the daily candle forming a Doji or whatever you wanna call it (body smaller than wick). That alone is confluence to tell you that market has completed its monthly range. So sellers came in to push the price down. The fall was due to a fundamental crisis (COVID 19) which still conformed to the principle of range trading. So the fall was good because the price already completing the month range by going up. A good example is this month of June. Price began to rise at the start of the first week of the month but after that look at the price now it almost near the Month Open Price.

Well, the market is not perfect. So i understand you well.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot at Jun 26 13-29-54.png Size: 74 KB
Attached Image
Le$$ I$ More
  • #531,378
  • Jun 26, 2020 8:50am Jun 26, 2020 8:50am
Quoting Georginson
I maintain a bearish stand with weekly possible top at 1.2535-1.2575 before a quick and aggressive drop to 1.2310-1.2280 levels... Price trading at 1.2522 as at time of typing.
Here we go on the move... Happening in accordance to the plan
Data + Stat + Risk/Emotions Management
  • #531,379
  • Jun 26, 2020 8:51am Jun 26, 2020 8:51am
i am not forcing anyone to allow me. please I beg. We are just learning if my post bores you no worries this will be the last of it.

Thanks
Le$$ I$ More
  • #531,380
  • Jun 26, 2020 8:53am Jun 26, 2020 8:53am
Quoting Roszey
{quote} ok. i get you. Let me show you something. March Started off by riding to the previous month's open price (over 400pips). Hence the monthly average of GU for March is between 400-600 pips. Now, after the price rose to the February Open price. it rejected it on the daily candle forming a Doji or whatever you wanna call it (body smaller than wick). That alone is confluence to tell you that market has completed its monthly range. So sellers came in to push the price down. The fall was due to a fundamental crisis (COVID 19) which still conformed...
Thanks for the explanation, very much appreciated

In other words, lets say range is 500 pips a month, if price rise 500 pips the first week, you expect it to go down 500 pips the others ones? or more down?
COT: The precious data ignored
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