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Cable Update (GBPUSD)

  • #540,481
  • Aug 4, 2020 4:52am Aug 4, 2020 4:52am
Quoting navk
hey, look, what is interesting ? I took that short what you see, made some money. Then, next I took that long... made most of my money and made the daily target, once target for my daily profit is achieved ( in first short and long) , I stopped trading and went to sleep. Thankfully I stopped, as there was big sell in London before hitting 3123. R1 Always better to see if DAILY profit is achieved, rather than looking at r1 or s1 or whatever.... {image}
May i now how much your proft/loss in percentage to your margin? In daily basis
I have 1% target per days, so far its work consistently but feel so slow considering my margin is really low. Have a suggestion?
  • #540,482
  • Aug 4, 2020 4:53am Aug 4, 2020 4:53am
Quoting navk
hey, look, what is interesting ? I took that short what you see, made some money. Then, next I took that long... made most of my money and made the daily target, once target for my daily profit is achieved ( in first short and long) , I stopped trading and went to sleep. Thankfully I stopped, as there was big sell in London before hitting 3123. R1 Always better to see if DAILY profit is achieved, rather than looking at r1 or s1 or whatever.... {image}
I wish i could trade like that.. Its a fact.. Being in a trade is risky. Leaving a trade over the weekend. You never know when a 'swiss Franc' moment will come, dont know if anyone remembers that moment about 6 years ago
  • #540,483
  • Aug 4, 2020 5:01am Aug 4, 2020 5:01am
Quoting gatenio
next 15m should be nasty, bears will fight to close below 3058
like i said, drop 20 in 15m
so close to close below, but i've must say this was a sign that bears are in the market.
  • #540,484
  • Aug 4, 2020 5:18am Aug 4, 2020 5:18am
Daily candle is red , just for notice
yes yes yes
  • #540,485
  • Aug 4, 2020 5:21am Aug 4, 2020 5:21am
I smell a repeat of 13th July week incoming...
  • #540,486
  • Aug 4, 2020 5:22am Aug 4, 2020 5:22am
Quoting mkvy
{quote} I wish i could trade like that.. Its a fact.. Being in a trade is risky. Leaving a trade over the weekend. You never know when a 'swiss Franc' moment will come, dont know if anyone remembers that moment about 6 years ago
I remember that day very well,

I was in GBPAUD short that time... and huge volatility even in GBPAUD,

I did not know chf strength that time and called up chat to know what is the reason for such volatility, they explained.

One who took usdchf short that day with just 1k account, within 15 min or so...some huge profit with which a person can buy a home in Canada next day.

This is better, but counter trade...was worse negative balance and so on... Alpari and many trading brokers got into huge trouble.
Intraday only.
  • #540,487
  • Aug 4, 2020 5:22am Aug 4, 2020 5:22am
Quoting Moty
Daily candle is red , just for notice
you may get your tp today.
i wont sell to this point but now it more clear.
you need to smash this daily low and this should be it - NOT that EASY.
very tricky situation.

daily bearish candle can turn to bullish.. the close is what matter.
  • #540,488
  • Aug 4, 2020 5:26am Aug 4, 2020 5:26am
Quoting mkvy
{quote} I wish i could trade like that.. Its a fact.. Being in a trade is risky. Leaving a trade over the weekend. You never know when a 'swiss Franc' moment will come, dont know if anyone remembers that moment about 6 years ago
These flash crash moments, stop me holding trades over night. You not worried about holding trades over night during low liquidity periods.
Don't trade what you think. Just what you see!!!
  • #540,489
  • Aug 4, 2020 5:33am Aug 4, 2020 5:33am
we may see a xabcd
my short target 1.3016
1.2950 too far away
  • #540,490
  • Aug 4, 2020 5:39am Aug 4, 2020 5:39am
it down move to be supported around 3018/16 S1.

Then a push higher ... to 3124 or more in NY session.

IMO
Intraday only.
  • #540,491
  • Aug 4, 2020 5:42am Aug 4, 2020 5:42am
Quoting navk
it down move to be supported around 3018/16 S1. Then a push higher ... to 3124 or more in NY session. IMO
if s1 will hold and bulls close above the pivot, it would be the golden ring for the day.
i will enter above the pivot - enough pips on the table
  • #540,492
  • Aug 4, 2020 5:46am Aug 4, 2020 5:46am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 33 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 33 KB
yes yes yes
  • #540,493
  • Aug 4, 2020 5:47am Aug 4, 2020 5:47am
Quoting gatenio
{quote} if s1 will hold and bulls close above the pivot, it would be the golden ring for the day. i will enter above the pivot - enough pips on the table
S1 Support is most likely scenario IMO
Intraday only.
  • #540,494
  • Aug 4, 2020 5:48am Aug 4, 2020 5:48am
Quoting Wavegarrick
{quote} Hey man, All I see is page after page after page of your whining. Could you please focus on trading. You are spoiling the good content here. Sheez.....
I wonder why he is whining. Is he done sucking Davit's dick on the pivot thread? This man blocked me for calling out Davit on his BS. He even had the nerve to ask me to apologize to Davit before he let's me back on his thread (He did not see when Davit racially abused me first, I never insulted anyone). Davit and his followers use weekly pivots to trade in a counter trend strategy i.e. they are the ones that buy when market is selling and sell when market is buying. I'm sure that Neil0163 guy has blown his account by shorting cable because that's what his master taught him.
when you can accurately predict the future, you leave nothing to chance.
  • #540,495
  • Aug 4, 2020 5:53am Aug 4, 2020 5:53am
Attached Image (click to enlarge)
Click to Enlarge Name: 20200804_125141.jpg Size: 191 KB
  • #540,496
  • Aug 4, 2020 5:53am Aug 4, 2020 5:53am
Quoting thevisitor
we may see a xabcd my short target 1.3016 1.2950 too far away
Just 100-150 pips for GU is easy way
  • #540,497
  • Aug 4, 2020 5:59am Aug 4, 2020 5:59am
Quoting navk
{quote} S1 Support is most likely scenario IMO
+ today you will get ADR support too
  • #540,498
  • Aug 4, 2020 6:04am Aug 4, 2020 6:04am
Quoting navk
it down move to be supported around 3018/16 S1. Then a push higher ... to 3124 or more in NY session. IMO
Brother your commentary is perfect most of time .you aware of what are you doing pre planned calculated risk and iron control on emotion .whithout arguing other achieve your daily goal.wish could be like you.required your guidance either here or through PM when you get time
  • #540,499
  • Aug 4, 2020 6:04am Aug 4, 2020 6:04am
weekly pivot 1.30107. yesterday test rebound. how about today?
  • #540,500
  • Aug 4, 2020 6:07am Aug 4, 2020 6:07am
Quoting gatenio
{quote} + today you will get ADR support too
traders, my 2 cent for current hour only, if, just IF price get to the S1 current hour only, scalping buy is MONEY.
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