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Cable Update (GBPUSD)

  • #539,781
  • Jul 31, 2020 3:04am Jul 31, 2020 3:04am
Looks to me it wants the 1.32 March high,

but it might just sneak down to 1.31 first to gather some orders
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Compulsions can be hard to resist
  • #539,782
  • Jul 31, 2020 3:06am Jul 31, 2020 3:06am
Quoting trumps
Looks to me it wants the 1.32 March high, but it might just sneak down to 1.31 first to gather some orders {image} {image}
if bulls will let it go it will be deeper imo.. wont sell it anyway atm.
i try to scalp the 3140 and use quick sl, but eat it time after time
  • #539,783
  • Jul 31, 2020 3:10am Jul 31, 2020 3:10am
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added 1 more long 30 pip tp 3170 bring up 2 others pp on .. one now expects some crazy reactions could even blow right up .. trade your own trades
  • #539,784
  • Jul 31, 2020 3:18am Jul 31, 2020 3:18am
No up pressure London, so i expected today new high is over, we will see drop begin...
  • #539,785
  • Jul 31, 2020 3:19am Jul 31, 2020 3:19am
Quoting Marco-Kanto
{quote} You should also draw in a column for expected losses. Do you have a spreadsheet of what you've deposited against that you've withdrawn?
no need to calculate loses .
every win give you back the lose before and the lose as profit because you trading with 2 to 1 win to lose ratio.
for every lose you just add 1 more day for the target day
yes yes yes
  • #539,786
  • Jul 31, 2020 3:23am Jul 31, 2020 3:23am
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Quoting OBsayMkMoney
{quote} 5m crossover rule?
It my trading rule . 5 min chart look for top and next wick to the right then tl . Then 10/20 ema crossover for the trade . Hope that make sense .. like the chart I have just done for you
  • #539,787
  • Jul 31, 2020 3:25am Jul 31, 2020 3:25am
Quoting ricmaj
{quote} how about you leveraging all you investment in one trade and simply forgetting the win to lose ratio? Possible when you are out watching.
if the low of last hourly candle is broken , there is no logic in staying .
it's better to put again panding order at the last hourly high.
yes yes yes
  • #539,788
  • Jul 31, 2020 3:25am Jul 31, 2020 3:25am
... some consolidation here now 3109-17-44 or a sustained move off the 3144 current dly hi ?...price just poked it's nose above the asian session high before the sell-off. 3135-50 is that prev 4hr sw hi zone = pres rs =pot res....and of course above that the zone to 3200 sw hi then 3209 sw hi - both dly/wkly prev sw hi's.
Trader with an Edge.
  • #539,789
  • Jul 31, 2020 3:30am Jul 31, 2020 3:30am
Quoting LeongPuiy
{quote} I think 1H close above 3142 will bring more bull there. i may wrong too
Cant stay above
waiting for try long later
PA Return Today: na
  • #539,790
  • Jul 31, 2020 3:32am Jul 31, 2020 3:32am
This forum should be renamed to 'Forex trading for Dummies", (Good Morning team)
  • #539,791
  • Jul 31, 2020 3:34am Jul 31, 2020 3:34am
Quoting mkvy
This forum should be renamed to 'Forex trading for Dummies"
"Forex Trading for Dummies - now with bonus material! How to argue ineffectively in an online forum."
Focus.
  • #539,792
  • Jul 31, 2020 3:34am Jul 31, 2020 3:34am
flag down
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I believe in winning
  • #539,793
  • Jul 31, 2020 3:35am Jul 31, 2020 3:35am
...break below last 2 x 1hr HL's might provide some hope for the longer term bears ? 3217 done 3209 next...even better for them break below last 4hr 'real' HL (actually a fractal L on my charts) 3068 might provide some comfort too ?
Trader with an Edge.
  • #539,794
  • Jul 31, 2020 3:35am Jul 31, 2020 3:35am
stopped out , 21 pips down for today .
i will buy the next hourly high
Attached Image (click to enlarge)
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yes yes yes
  • #539,795
  • Jul 31, 2020 3:37am Jul 31, 2020 3:37am
Quoting Marco-Kanto
{quote} "Forex Trading for Dummies - now with bonus material! How to argue ineffectively in an online forum."
I think the price will now drop very heavily.. for one reason only
  • #539,796
  • Jul 31, 2020 3:37am Jul 31, 2020 3:37am
Quoting Moty
stopped out , 21 pips down for today . i will buy the next hourly high
next hourly high?
how do you know what will be the next hourly high?
  • #539,797
  • Jul 31, 2020 3:38am Jul 31, 2020 3:38am
Quoting mkvy
{quote} I think the price will now drop very heavily.. for one reason only
It's that damned Carol Baskin.
Focus.
  • #539,798
  • Jul 31, 2020 3:41am Jul 31, 2020 3:41am
Quoting Mykamran
1.3166 is time 2 sell or sooner.many divergence is see.
As I said
  • #539,799
  • Jul 31, 2020 3:43am Jul 31, 2020 3:43am
... 30min bullish hidden div is developing so long as price stays above that last 4hr sw at 3068...some way above always better. As expressed above, I wonder how serious the bulls are now on last day of month re position squaring etc ? ....Eu Flash Q2 gdp and cpi @ 10am London.
Trader with an Edge.
  • #539,800
  • Jul 31, 2020 3:44am Jul 31, 2020 3:44am
Quoting gatenio
{quote} next hourly high? how do you know what will be the next hourly high?
o.k let's me ref raze that , i will buy the break of last hourly high
yes yes yes
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