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Cable Update (GBPUSD)

  • #532,281
  • Jul 1, 2020 4:39am Jul 1, 2020 4:39am
yep
more buying

LONG 2x
2402
2403

40 pip target
in wondering about yourself, you forgot what you came here to be part of
  • #532,282
  • Jul 1, 2020 4:43am Jul 1, 2020 4:43am
Good zone to sell would be 1.2460 - 1.2480.
  • #532,283
  • Jul 1, 2020 4:44am Jul 1, 2020 4:44am
Quoting despichtt
{quote} One miljoen no problem mate; you're really flyink ))
Am so happy to hear such encouraging words, here in this business we need it. Thank dear
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #532,284
  • Jul 1, 2020 4:45am Jul 1, 2020 4:45am
Quoting Moty
overbought{image} close up{image}
Moty, may I know what settings for your Bollinger Bands on that H1 chart ?
Thank you

ServerUang
  • #532,285
  • Jul 1, 2020 4:50am Jul 1, 2020 4:50am
Quoting ServerUang
{quote} Moty, may I know what settings for your Bollinger Bands on that H1 chart ? Thank you ServerUang
default , 20, 2

false break in the making
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yes yes yes
  • #532,286
  • Jul 1, 2020 4:50am Jul 1, 2020 4:50am
...is it Gann theory that says there is a very small chance of > 9 consecutive green or red candles on any t/f ? ....(can't remember the % but it's v.small) ...and this does hold good...but look at 1min in that run up to the current daily hi...16 consecutive green candles...could be less for others depending on what your broker printed...at the same time it was 11 on 2min...so regardless of the set-up I got there to sell at the current daily hi....it became higher in probability given this which is very rarely seen.
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Trader with an Edge.
  • #532,287
  • Jul 1, 2020 5:05am Jul 1, 2020 5:05am
Damm you Cable!! What are you waiting for.??

Move SL to entry
BF
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AF
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Le$$ I$ More
  • #532,288
  • Jul 1, 2020 5:05am Jul 1, 2020 5:05am
Quoting knkie
yep more buying LONG 2x 2402 2403 40 pip target
im taking a 8 pip loss total here.
if price does not do what i want i usually dump it.

i still think price will go up im just gonna find a better entry point
in wondering about yourself, you forgot what you came here to be part of
  • #532,289
  • Jul 1, 2020 5:11am Jul 1, 2020 5:11am
eg is very aggressive this week
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yes yes yes
  • #532,290
  • Jul 1, 2020 5:12am Jul 1, 2020 5:12am
Quoting knkie
{quote} im taking a 8 pip loss total here. if price does not do what i want i usually dump it. i still think price will go up im just gonna find a better entry point
lol, i think cable gonna sneak righhhhhht past you. oh well, better than to chase it
  • #532,291
  • Jul 1, 2020 5:16am Jul 1, 2020 5:16am
Quoting WhipKream
{quote} lol, i think cable gonna sneak righhhhhht past you. oh well, better than to chase it
im back in ! lol

LONG
1.2407

my style of trading is based on capital preservation.
Id rather tak a few small losses and find a good entry than wait around watching a loss grow and grow hoping for it to come back.

Dumping a trade can be very profitable in the long run


Anyways: 40 pip target!
in wondering about yourself, you forgot what you came here to be part of
  • #532,292
  • Jul 1, 2020 5:21am Jul 1, 2020 5:21am
Seller beware.. the LONG boys are building up and loading.
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Le$$ I$ More
  • #532,293
  • Jul 1, 2020 5:26am Jul 1, 2020 5:26am
I dont know why i cheking the currency strength meter... the GBP is coming out from the madhouse along with EUR
Time is your friend; impulse is your enemy! - John Bogle
  • #532,294
  • Jul 1, 2020 5:28am Jul 1, 2020 5:28am
because I short this pair therefore this pair is going up
  • #532,295
  • Jul 1, 2020 5:29am Jul 1, 2020 5:29am
...finishing my 4hr trading session here....

Stlll bullish off latest pullback after a b/o of the lower t/f consolidation and a new current daily hi @ 38.2% 2813-2251. Some Boe Mpc bod speaking at 12noon London. ADP , U.s ISM Manuf and Fed minutes to come. Will be back for 1/2hr round fed minutes to see if they cause a tickle ?

Last look at 1hr below.
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Trader with an Edge.
  • #532,296
  • Jul 1, 2020 5:31am Jul 1, 2020 5:31am
Quoting k3nshinz3139
because I short this pair therefore this pair is going up
Dont worry!! Ur not alone! I think a lots of people getting headache right now! Im after u
Time is your friend; impulse is your enemy! - John Bogle
  • #532,297
  • Jul 1, 2020 5:33am Jul 1, 2020 5:33am
Sitting on hands, but this could explode north
Don't trade what you think. Just what you see!!!
  • #532,298
  • Jul 1, 2020 5:34am Jul 1, 2020 5:34am
Quoting Roszey
Seller beware.. the LONG boys are building up and loading. {image}
Isn't the COT report a lagging indicator, that gives the commitment of traders from a number of days earlier?
The one you are showing is dated 23rd of June.
Compulsions can be hard to resist
  • #532,299
  • Jul 1, 2020 5:36am Jul 1, 2020 5:36am
Quoting trumps
{quote} Isn't the COT report a lagging indicator, that gives the commitment of traders from a number of days earlier? The one you are showing is dated 23rd of June.
Its using the datas on tuesday close....but its released to everybody (banks/funds/retailers) at the SAME time.
We have the same edge as them...just saying
COT: The precious data ignored
  • #532,300
  • Jul 1, 2020 5:38am Jul 1, 2020 5:38am
Quoting kuroro001
{quote} Its using the datas on tuesday close....but its released to everybody (banks/funds/retailers) at the SAME time. We have the same edge as them...just saying
If it's data from Tues close, why is it dated 23rd June?
Compulsions can be hard to resist
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