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Cable Update (GBPUSD)

  • #535,561
  • Jul 15, 2020 3:36am Jul 15, 2020 3:36am
Quoting Siame
SHORT 1.26042 I'm laddering positions into 1.26140
Filled 9portions, Average 1.26139.

I'll take one more if we hit the Weekly Open.
  • #535,562
  • Jul 15, 2020 3:37am Jul 15, 2020 3:37am
Attached Image (click to enlarge)
Click to Enlarge Name: dx2.png Size: 51 KB
yes yes yes
  • #535,563
  • Jul 15, 2020 3:38am Jul 15, 2020 3:38am
Sneeeeeky cable . Let’s be careful out there ..
  • #535,564
  • Jul 15, 2020 3:39am Jul 15, 2020 3:39am
Quoting Moty
{image}
At what point do you cut your losses?
  • #535,565
  • Jul 15, 2020 3:46am Jul 15, 2020 3:46am
Quoting Student21
{quote} apologies, got confused earlier, also targeting 1.22. In a short now, let's see!
pff, got kicked out of my short...now i think there will be one more kick up to 1.2633 and then my next Short opportunity.
A trader is as good as his stop loss. Understand your mistakes.
  • #535,566
  • Edited 4:02am Jul 15, 2020 3:52am | Edited 4:02am
Quoting Scotteyy
{quote} At what point do you cut your losses?
i never loss.
i am only get margin called
it will reverse now or at 1.26400 area at most
yes yes yes
  • #535,567
  • Jul 15, 2020 3:52am Jul 15, 2020 3:52am
Please consider taking a look at my Daily Market Update.
I provide trading ideas with potential stops and targets.

DXY starts at 0:03.
GBP/USD starts at 14:14.

I upload weekly analysis every Sunday and daily analysis from TUE to FRI.

Inserted Video
  • #535,568
  • Jul 15, 2020 3:54am Jul 15, 2020 3:54am
Quoting Student21
{quote} pff, got kicked out of my short...now i think there will be one more kick up to 1.2633 and then my next Short opportunity.
dont try to predict
look at what is happening
H1 bars making HLs
M15 in retreat.
So for a new move use M15 as trade frame, unless H1 changes its upward momentum.

just my 2 cents
no offense
in wondering about yourself, you forgot what you came here to be part of
  • #535,569
  • Jul 15, 2020 3:56am Jul 15, 2020 3:56am
Quoting rkr81
Holding 2 mini lots in GU {image}
First TP reached. If this current 4hr candle close above 1.2585 will look to add long..4 mins to go for close
Forex Learner
  • #535,570
  • Jul 15, 2020 4:01am Jul 15, 2020 4:01am
Quoting knkie
{quote} dont try to predict look at what is happening H1 bars making HLs M15 in retreat. So for a new move use M15 as trade frame, unless H1 changes its upward momentum. just my 2 cents no offense
Hey knkie, thanks mate, of course no offense taken! Abs, just personal opinion. What i enjoy in this forum is quite some valid, alternative points of view, thus taken into consideration. Just following my own strat but always trying to improve.
A trader is as good as his stop loss. Understand your mistakes.
  • #535,571
  • Jul 15, 2020 4:04am Jul 15, 2020 4:04am
Quoting Student21
{quote} Hey knkie, thanks mate, of course no offense taken! Abs, just personal opinion. What i enjoy in this forum is quite some valid, alternative points of view, thus taken into consideration. Just following my own strat but always trying to improve.
definitely stick with the strategy that works best for you
in wondering about yourself, you forgot what you came here to be part of
  • #535,572
  • Jul 15, 2020 4:09am Jul 15, 2020 4:09am
waiting for new hourly low
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 29 KB
yes yes yes
  • #535,573
  • Jul 15, 2020 4:13am Jul 15, 2020 4:13am
will daily R1 hold? im out. earn +40 from long.
waiting for new confirmation
row row row your boat
  • #535,574
  • Jul 15, 2020 4:16am Jul 15, 2020 4:16am
If the current candle on H4 on GJ closes bearish I will add more shorts in GU Trade Safe. Follow your own plan. Drop is coming.

TW
WARNING: This post warps space and time in its vicinity.
  • #535,575
  • Jul 15, 2020 4:16am Jul 15, 2020 4:16am
Quoting trumps
{quote} . {image} {image}
I think the high for the day/week is in.
Let's see how this day bar shapes up.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 25 KB
Compulsions can be hard to resist
  • #535,576
  • Jul 15, 2020 4:17am Jul 15, 2020 4:17am
Quoting Moty
{image}
What you're doing holding shorts @1.2505-20 and waiting for comeback is GAMBLING.
If you followed my advice yesterday when price was there, you could have shorts [email protected] instead!
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #535,577
  • Jul 15, 2020 4:19am Jul 15, 2020 4:19am
Quoting ChiForex
{quote} Watch out..you're consistently trailing after predicting a bottom by opening new lower short positions instead of keeping high price short position and using trailing stop for take profit.
To refresh your memory "Moty", here was my advice.

Live and Learn.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #535,578
  • Jul 15, 2020 4:21am Jul 15, 2020 4:21am
Quoting trumps
{quote} I think the high for the day/week is in. Let's see how this day bar shapes up. {image}

Sometimes it just throws me out of the chair seeing people creativity in drawing trend lines just to support there narrative!
  • #535,579
  • Jul 15, 2020 4:25am Jul 15, 2020 4:25am
Quoting Piparins
{quote} Sometimes it just throws me out of the chair seeing people creativity in drawing trend lines just to support there narrative!
I drew that internal TL yesterday, as per my quoted post.
Do you not see the resistance I showed there?
Don't hit the floor too hard ok.
Compulsions can be hard to resist
  • #535,580
  • Jul 15, 2020 4:35am Jul 15, 2020 4:35am
Quoting trumps
{quote} I drew that internal TL yesterday, as per my quoted post. Do you not see the resistance I showed there? Don't hit the floor too hard ok.

All the best of luck!

https://www.babypips.com/learn/forex/trend-lines
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