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Cable Update (GBPUSD)

  • #533,421
  • Jul 7, 2020 6:08am Jul 7, 2020 6:08am
Quoting navk
{quote} Good, what makes you not to take long at 2462, which is support ? You could have gained some 30 pips? Because you want to sell only? Just a question. A retail trader with wrong MM ( uSUALLY ) would have burnt their capital in the move from 2438( friday ) to 2520 ( today ) if he was holding short if he is addicted to short. What do you think ?
Maybe because he doesn't buy moving avareges? This market it's perfect,to buy to sell, but I believe is a sell tommorow
  • #533,422
  • Jul 7, 2020 6:09am Jul 7, 2020 6:09am
Quoting navk
{quote} Good, what makes you not to take long at 2462, which is support ? You could have gained some 30 pips? Because you want to sell only? Just a question. A retail trader with wrong MM ( uSUALLY ) would have burnt their capital in the move from 2438( friday ) to 2520 ( today ) if he was holding short if he is addicted to short. What do you think ?
The psychological side of this phrase is "is addicted to short", it is a question that involves the psychological side of a trader, i belive that every trader likes short or long more in a certain way
  • #533,423
  • Jul 7, 2020 6:11am Jul 7, 2020 6:11am
Quoting RickM
{quote} Easy money selling against market orders. Selling again now
this 30 pips in long also was easy, it moved up approximately seven 15 min candle.

Not bad at all.

Anyways, i notice people have set rules ... and do not want to change based on CHANGE that is happening./ happened.
Intraday only.
  • #533,424
  • Jul 7, 2020 6:12am Jul 7, 2020 6:12am
Quoting OnlineAddict
Trading is like working out...if you do too much of it, the effect will be the opposite of what you want. I used to think that if I do not open trades for a day or two, I am losing money. Eventually I learned that thats how I make the most money...because being in a trade makes you biased in that direction and sometimes you can't see the forest for the trees.
The last trade i placed was on June 12.
I'm still waiting for my perfect setup
Patience.....
  • #533,425
  • Jul 7, 2020 6:12am Jul 7, 2020 6:12am
Quoting HBN08
{quote} The psychological side of this phrase is "is addicted to short", it is a question that involves the psychological side of a trader, i belive that every trader likes short or long more in a certain way
yeah, right, psychological part.

People must be willing to adopt to changes that is happening or happened.
Intraday only.
  • #533,426
  • Jul 7, 2020 6:14am Jul 7, 2020 6:14am
Quoting goldencalf
{quote} Maybe because he doesn't buy moving avareges? This market it's perfect,to buy to sell, but I believe is a sell tommorow
may be.

But there was long also from 2462 just now. 30 pips. Good 30 pips for day trader unless you are medium term or long term.
Intraday only.
  • #533,427
  • Jul 7, 2020 6:17am Jul 7, 2020 6:17am
Quoting Mattiabarso
{image} I'm waiting this h1 supply area
I've sold
  • #533,428
  • Jul 7, 2020 6:18am Jul 7, 2020 6:18am
during our conversation, one must have noticed, the price is going to break resistance.

My view has been bullish atleast until 2550.

I am scalper , day trader, i am content with some 7 to 8 % every day.

Intraday only.
  • #533,429
  • Jul 7, 2020 6:19am Jul 7, 2020 6:19am
I will be providing information for scalping and intra day analysis set up as well. I figured out that most are well suited to such type of trading which isn't bad but requires a lot of reactionary moves. Swing updates will now be separately given from Scalp and intra day updates.
Data + Stat + Risk/Emotions Management
  • #533,430
  • Jul 7, 2020 6:22am Jul 7, 2020 6:22am
Quoting navk
during our conversation, one must have noticed, the price is going to break resistance. My view has been bullish atleast until 2550. I am scalper , day trader, i am content with some 7 to 8 % every day.
Down in some minutes maybe
  • #533,431
  • Jul 7, 2020 6:22am Jul 7, 2020 6:22am
Quoting navk
{quote} may be. But there was long also from 2462 just now. 30 pips. Good 30 pips for day trader unless you are medium term or long term.
Yes,fromm moving averages,100 and 200 crosover,mayjor support,just screams in the chart,specially in this market conditions,also need to think about daily candle today..but I think we thirst go to 1.2417 and later to 125.50 or something
  • #533,432
  • Jul 7, 2020 6:26am Jul 7, 2020 6:26am
Quoting goldencalf
{quote} Yes,fromm moving averages,100 and 200 crosover,mayjor support,just screams in the chart,specially in this market conditions,also need to think about daily candle today..but I think we thirst go to 1.2417 and later to 125.50 or something
D must pass 1.25311 for Long bias
  • #533,433
  • Jul 7, 2020 6:28am Jul 7, 2020 6:28am
Short now?
  • #533,434
  • Jul 7, 2020 6:28am Jul 7, 2020 6:28am
Quoting Theoak
{quote} Just wondering are you going long on the break out or short on the melt down or even better both?
Waiting for the Zone to break before considering a buy. Its just a waiting game now
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot at Jul 07 11-26-04.png Size: 76 KB
Le$$ I$ More
  • #533,435
  • Jul 7, 2020 6:30am Jul 7, 2020 6:30am
Quoting navk
Re entered short again at 2496. will add more shorts until 2510. Patience is needed to reach to 2437 S2 level today. FirSt target 2466 S1.
I posted this in Asia/ Frankfurt, and I did exactly this.

Just with help of Daily pivots.

It respects pivots.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 45 KB
Intraday only.
  • #533,436
  • Jul 7, 2020 6:31am Jul 7, 2020 6:31am
Quoting navk
I see here various posts, with medium term to long term perspectives. To be more useful to this thread, if they write kind of objectives of their analysis while they post. The retailers here, most are with small capital and try to trade with kind of accuracy, as most are day traders/scalpers. There is bounce from 2462 now to 2500 almost. This is to be watched.
I think that will be very good if the do that, just to write my analysis for day traders/swing traders and the end of their analysis,
not for me but for those who needs it, am only interested in people lots and trading result/ statement to feed my motivation
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #533,437
  • Jul 7, 2020 6:37am Jul 7, 2020 6:37am
Quoting navk
{quote} this 30 pips in long also was easy, it moved up approximately seven 15 min candle. Not bad at all. Anyways, i notice people have set rules ... and do not want to change based on CHANGE that is happening./ happened.
Hi Navk

Just a different method that's all. I just want 1.5% a day equity and I am happy. Its not too hard to achieve this goal.
In the last 15 min, +8 GU and selling again, +6 EG + 5 GJ on a very slow night. Your way is less effort
Trading thin liquidity at the boundary of the charts
  • #533,438
  • Jul 7, 2020 6:37am Jul 7, 2020 6:37am
i am seeing a target of 2550 today.

To me only
Intraday only.
  • #533,439
  • Jul 7, 2020 6:43am Jul 7, 2020 6:43am
Quoting JayBag
{quote} I'd like to think most retail are long.. One can sense that even here in GU thread. SS
Don't think about it, check what they do on larger scale IMO

Looking at this thread to gauge their view is a bad idea to me, its only 20/30 people's view.....over millions of retailers

Just my thinking

Hope your trading goes well
COT: The precious data ignored
  • #533,440
  • Jul 7, 2020 6:48am Jul 7, 2020 6:48am
Quoting navk
during our conversation, one must have noticed, the price is going to break resistance. My view has been bullish atleast until 2550. I am scalper , day trader, i am content with some 7 to 8 % every day.
I'm following you my friends
Thank You for letting me know where I should put my tp
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