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Cable Update (GBPUSD)

  • #534,241
  • Jul 9, 2020 5:09am Jul 9, 2020 5:09am
Quoting BenWarburton
{quote} Avoid copy trading. Good way to lose money.

I know right. Not copying trade, had my entry and still holding it.

Thanks
#Stay blue. /swinger/scalper/
  • #534,242
  • Jul 9, 2020 5:11am Jul 9, 2020 5:11am
Quoting ngiler
sell at 1.2600 2nd sell at 1.2660 TP at DPP or s1 {image}
let see what will happen
row row row your boat
  • #534,243
  • Jul 9, 2020 5:16am Jul 9, 2020 5:16am
I took some small loss.

Overall loss ( small one ) until now.

I am confident i can make up this loss and become positive before NY close.
Attached Image (click to enlarge)
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Intraday only.
  • #534,244
  • Jul 9, 2020 5:18am Jul 9, 2020 5:18am
Quoting nic9man
{quote} Noone makes 3-5% a day. Not even RenTec makes that amount of money. However, if you relate these percentages to the return on equity you should specify the used leverage. With a leverage of 20 it can be possible to reap 3-5% a day on average by earning 0.15%-0.25% on the underlying. But the way you wrote it it sounds like people earn 3-5% on the underlying movements without leverage.

Well that's what some are showing on this thread (leveraged)

Not sure where my post implied that this was non leveraged - if this was your interpretation it was incorrect

Look ahead, Macro=Direction, Levels & Structure = Entry
  • #534,245
  • Jul 9, 2020 5:19am Jul 9, 2020 5:19am
Quoting BenWarburton
Strong trend line down (the orange one) on the daily chart... looking to hit it tomorrow, if not then Monday. {image} Furthermore, the 4H chart illustrates an area of supply (red box) which is close to being hit. If the stars align and both are hit simultaneously - big bucks can be made for the bears. {image} Thoughts?

Waiting for this level to be hit before any shorts will be traded. Remember we're not market makers so following the move is less risky than trying to create one
Do or do not, there is no try - Master Yoda
  • #534,246
  • Jul 9, 2020 5:20am Jul 9, 2020 5:20am
1.26600 is yesterday daily r2
Attached Image (click to enlarge)
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yes yes yes
  • #534,247
  • Jul 9, 2020 5:21am Jul 9, 2020 5:21am
If I short at those points, making loss from those trades are minimal
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Intraday only.
  • #534,248
  • Jul 9, 2020 5:23am Jul 9, 2020 5:23am
Seller here
Attached Image
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #534,249
  • Jul 9, 2020 5:23am Jul 9, 2020 5:23am
Quoting Moty
1.26600 is yesterday daily r2 {image}
yeah. today high 1.2666
Intraday only.
  • #534,250
  • Jul 9, 2020 5:23am Jul 9, 2020 5:23am
sell at 2626 before but it goes up till 2650 now...
not sure should I wait it goes back down or stop loss
any suggestion
  • #534,251
  • Jul 9, 2020 5:27am Jul 9, 2020 5:27am
NY must give a pull back. Currently hourly resistance at 2666.
Intraday only.
  • #534,252
  • Jul 9, 2020 5:30am Jul 9, 2020 5:30am
Quoting navk
NY must give a pull back. Currently hourly resistance at 2666.
Potential for 2580 to 2550 (today or next week i can't tell)
COT: The precious data ignored
  • #534,253
  • Jul 9, 2020 5:35am Jul 9, 2020 5:35am
Quoting navk
NY must give a pull back. Currently hourly resistance at 2666.
Everyone can see the chart, but only a few can actually read it.
  • #534,254
  • Jul 9, 2020 5:36am Jul 9, 2020 5:36am
Quoting kuroro001
{quote} Potential for 2580 to 2550 (today or next week i can't tell)
That is the level i too was thinking.

But if it wants to go there, it must be today.

Just do your own calculations about ADR.

1.2700 looks final.

That might be 1.2580 to 1.2700 tomorrow.
Intraday only.
  • #534,255
  • Jul 9, 2020 5:37am Jul 9, 2020 5:37am
Quoting OnlineAddict
{quote}
I took some loss in this run up.

But I do not mind.
Intraday only.
  • #534,256
  • Jul 9, 2020 5:38am Jul 9, 2020 5:38am
Quoting navk
{quote} I took some loss in this run up. But I do not mind.
I was just looking at that number.

NY should retrace down, anyway. Some patience needed today.
Everyone can see the chart, but only a few can actually read it.
  • #534,257
  • Jul 9, 2020 5:39am Jul 9, 2020 5:39am
Quoting OnlineAddict
{quote} I was just looking at that number. NY should retrace down, anyway. Some patience needed today.
ohh yeah. that happens.
Intraday only.
  • #534,258
  • Jul 9, 2020 5:41am Jul 9, 2020 5:41am
Quoting kuroro001
{quote} Potential for 2580 to 2550 (today or next week i can't tell)
If i do ADR calculations,

1.2600 to 1.2700

OR

1.2666 to 1.2580/60
Intraday only.
  • #534,259
  • Jul 9, 2020 5:46am Jul 9, 2020 5:46am
Quoting navk
{quote} If i do ADR calculations, 1.2600 to 1.2700 OR 1.2666 to 1.2580/60
Got lots of sells up there....targets are cirlces on h1
Attached Image


I should look more into ADR
Thanks for the info
COT: The precious data ignored
  • #534,260
  • Jul 9, 2020 5:46am Jul 9, 2020 5:46am
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steeeerep means fast
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