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Cable Update (GBPUSD)

  • #536,821
  • Edited 10:21pm Jul 20, 2020 9:23pm | Edited 10:21pm
Quoting epzero
{quote} you are the best person to follow on this forum because 9 out of 10 your always correct and you use stop losses
no one is best.

we all small people with small account.

Use Money management important and trade at fairly accurate place. if you want to short at 1.2675, if the price goes to 2710, still you are not looser by following proper MM rules
Intraday only.
  • #536,822
  • Jul 20, 2020 9:24pm Jul 20, 2020 9:24pm
Attached Image (click to enlarge)
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yes yes yes
  • #536,823
  • Jul 20, 2020 9:27pm Jul 20, 2020 9:27pm
Quoting navk
{quote} just with 100 $ account, if you trade reasonably at right place, you can win with 0.01 lot. 100 $ account, 0.01 lot, 100 pips stop. 100 pips profit. Do this regularly, your account will grow. Just saying
Sometimes easier said then done. Trading a lot chase money i am one of them (doesn't mean I am still as much, a lot kore control now). Usually a fuck up sets you 3 steps back instead of 1 step back 1 step forward.
I still have slip ups now and then, and 2 years ago I took 200$ to 80k in less then 6 months.
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #536,824
  • Jul 20, 2020 9:27pm Jul 20, 2020 9:27pm
Quoting navk
{quote} no one is best. we all small people with small account. Use Money management important and trade place at fairly accurate. if you want to short at 1.2675, if the price goes to 2710, still you are not looser by following proper MM rules
yeahh budd..
just a tiny retail traders
just for a cup of coffee...
  • #536,825
  • Jul 20, 2020 9:31pm Jul 20, 2020 9:31pm
Here is a post from last week Monday when price was trading at 1.2620, I did state a 70% chance of 1.2470, meanwhile price touched 1.2479.

I still outlined 1.2817 clearly as unlikely risk zone.
Attached Image (click to enlarge)
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Data + Stat + Risk/Emotions Management
  • #536,826
  • Jul 20, 2020 9:32pm Jul 20, 2020 9:32pm
Quoting mastersplint
{quote} Sometimes easier said then done. Trading a lot chase money i am one of them (doesn't mean I am still as much, a lot kore control now). Usually a fuck up sets you 3 steps back instead of 1 step back 1 step forward. I still have slip ups now and then, and 2 years ago I took 200$ to 80k in less then 6 months.
All in the game.

200 $ to 80 k in less than 6 months, you took aggressive approach. Good.

After making 80 k, if you have sofetend, then you could have survived with that account,

People say, make 200 $ to 1k fast.

Because there is nothing if you loose 200 $.

However if you loose 80k, then that is big thing.
Intraday only.
  • #536,827
  • Jul 20, 2020 9:32pm Jul 20, 2020 9:32pm
Attached Image (click to enlarge)
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yes yes yes
  • #536,828
  • Jul 20, 2020 9:35pm Jul 20, 2020 9:35pm
Quoting Moty
{image}
Every time price approaches any support or resistance there is 50% possibility of break or not.
  • #536,829
  • Jul 20, 2020 9:38pm Jul 20, 2020 9:38pm
Quoting Georginson
Detailed analysis for July once more... July 2011 High 1.6469 - 1.5780 Low = 689 pips Range (Open 1.6051 - 1.5780 Low = 269 pips) July 2012 High 1.5766 - 1.5392 Low = 374 pips Range (Open 1.5695 - 1.5392 Low = 303 pips) July 2013 High 1.5434 - 1.4812 Low = 622 pips Range (Open 1.5200 - 1.4812 Low = 388 pips) July 2014 High 1.7190 - 1.6856 Low = 334 pips Range (Open 1.7104 - 1.6856 Low = 248 pips) July 2015 High 1.5734 - 1.5329 Low = 405 pips Range (Open 1.5704 - 1.5329 Low = 375 pips) July 2016 High 1.3480 - 1.2795 Low = 685 pips Range (Open 1.3305...
This is a post from July 9, I clearly outlined 1.2720 as probable risk and 1.2817 as unlikely maximum risk.
Data + Stat + Risk/Emotions Management
  • #536,830
  • Jul 20, 2020 9:40pm Jul 20, 2020 9:40pm
Quoting navk
{quote} no one is best. we all small people with small account. Use Money management important and trade place at fairly accurate. if you want to short at 1.2675, if the price goes to 2710, still you are not looser by following proper MM rules
Great !!! Money Management
not euphoria follower
  • #536,831
  • Jul 20, 2020 9:43pm Jul 20, 2020 9:43pm
I'm short from 1.2676..targeting 1.24...medium term trade..hope target hit by end of week.
  • #536,832
  • Jul 20, 2020 9:48pm Jul 20, 2020 9:48pm
Seem like, we have small range for today
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Attached Image
  • #536,833
  • Jul 20, 2020 9:52pm Jul 20, 2020 9:52pm
caution needed
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Intraday only.
  • #536,834
  • Jul 20, 2020 9:58pm Jul 20, 2020 9:58pm
Quoting navk
caution needed {image}
the signal is valid up until DR1
Patience and Discipline.
  • #536,835
  • Jul 20, 2020 9:58pm Jul 20, 2020 9:58pm
good morning, made some elliot wave check for h1
so the situation is:
wave 3 - should have finished 1.2674 (its ok, still valid)
wave 4 - should get us to 1.2612 (near pivot)

wow i like when numbers are get together.
so for me right now is only buy around the pivot
good luck all.

i did it through my iphone app, so maybe the number +- few pips
  • #536,836
  • Jul 20, 2020 10:00pm Jul 20, 2020 10:00pm
Quoting Stefan90csk
{quote} the signal is valid up until DR1
yes
Intraday only.
  • #536,837
  • Jul 20, 2020 10:02pm Jul 20, 2020 10:02pm
1.2750 Up
1.2550 Down

Today target GBPUSD day chart
Attached Image
  • #536,838
  • Jul 20, 2020 10:04pm Jul 20, 2020 10:04pm
Quoting Moty
{image}
moty, if the price retraces to daily pivot, expect more bullish action, which I doubt.

However, if the price hits R1, bearishness is somewhat guaranteed for me.
Intraday only.
  • #536,839
  • Jul 20, 2020 10:08pm Jul 20, 2020 10:08pm
50 % is 2707.

61.8 % is 2718.

38 % is 2695.
Attached Image (click to enlarge)
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Intraday only.
  • #536,840
  • Jul 20, 2020 10:11pm Jul 20, 2020 10:11pm
Quoting gatenio
good morning, made some elliot wave check for h1 so the situation is: wave 3 - should have finished 1.2674 (its ok, still valid) wave 4 - should get us to 1.2612 (near pivot) wow i like when numbers are get together. so for me right now is only buy around the pivot good luck all. i did it through my iphone app, so maybe the number +- few pips
if someone read it, it all one big mistake.
big no.
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