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Cable Update (GBPUSD)

  • #542,781
  • Aug 15, 2020 1:59pm Aug 15, 2020 1:59pm
Quoting Fredo219
How large is Cable's spread at market open?. How many pips wide?
for me it opens with 10 pips spread.

Without knowing this, I gave stop losses few times.

since then, i do not take trade just before day close or after day open.

It stabilizes after tokyo open.
Intraday only.
  • #542,782
  • Aug 15, 2020 2:44pm Aug 15, 2020 2:44pm
Quoting krst8
{quote} if the world ”dont go under until market open” and you have one of the normal good broakers, the chances are slim you get stopped out, if not zero...
Thank you
Patience.....
  • #542,783
  • Aug 15, 2020 2:50pm Aug 15, 2020 2:50pm
Quoting navk
{quote} for me it opens with 10 pips spread. Without knowing this, I gave stop losses few times. since then, i do not take trade just before day close or after day open. It stabilizes after tokyo open.
Thank you.
I normally don't hold trades over the weekend, i totally forgot about the Sunday crazy spread.
I just remembered today.
Thank God my stoploss is 70 pips away.
Patience.....
  • #542,784
  • Aug 15, 2020 3:56pm Aug 15, 2020 3:56pm
Quoting Fredo219
How large is Cable's spread at market open?. How many pips wide?
its not a certain number
all brokers are different
can be 10,20,30
it all depends on volatility from the weekend

I don't hold trades for this reason

take it easy
Joe
  • #542,785
  • Aug 15, 2020 7:32pm Aug 15, 2020 7:32pm
Monday possible range, low - 1.3062, high - 1.3155
Know what you trade
  • #542,786
  • Aug 16, 2020 4:09am Aug 16, 2020 4:09am
Quoting Georginson
SLOW MOTION AUGUST this just concluded week recorded the lowest weekly range in 2020 (1.3142 - 1.3004) being 138 pips. In fact August so far has done only 205 pips range (1.3185 - 1.2989). WHY THIS SLOW MOTION? Looking into previous Months that have range of over 580 pips and the months that followed such months ... May 2019 (1.3176 - 1.2558) 618 pips. June 2019 (1.2783 - 1.2505) 278 pips July 2019 (1.2705 - 1.2119) 586 pips. August 2019 (1.2309 - 1.2014) 295 pips October 2019 (1.3012 - 1.2195) 817 pips November 2019 (1.2985 - 1.2768) 217 pips December...
You were laughing at me when i said 1,33 in september but you are saying the same
i may short then if you are long

are you holding 1.25 short or finally took the loss?
Make money by doing the opposite of Giveachance aka loser
  • #542,787
  • Aug 16, 2020 4:31am Aug 16, 2020 4:31am
Quoting nessus94
{quote} You were laughing at me when i said 1,33 in september but you are saying the same i may short then if you are long are you holding 1.25 short or finally took the loss?
After much deliberation, here’s my conclusion.
Since you are not here to trade or talk trade (Obviously), the weekends are yours to troll as much as you like.

And your likes can can have the weekends too..

However, if you or another troll tries to do this during trading times, if I can’t suspend, I won’t be nice with my response ..

when I say I won’t be nice, I don’t think other respected members will like my response either..

We must have sanity on this thread whether you like it or not..

So I strongly advice you exhaust all your trolling airtime today my chief troller ..
  • #542,788
  • Aug 16, 2020 5:03am Aug 16, 2020 5:03am
Just a thought - last week range was 140 smth pips - to me it looks like a consolidation before another take off to 1.35.

IMO!
Patience and Discipline.
  • #542,789
  • Aug 16, 2020 5:16am Aug 16, 2020 5:16am
Its too late to start being a full bull in my opinion

A good dip is prefered

Attached Image
COT: The precious data ignored
  • #542,790
  • Aug 16, 2020 7:25am Aug 16, 2020 7:25am
I think there is a big drop coming in the coming week.
Especially now that all the bears have taken their losses and want to go long.

Keep an eye on the zone:
1.2872 - 1.2882

just my opinion.
in wondering about yourself, you forgot what you came here to be part of
  • #542,791
  • Edited 8:24am Aug 16, 2020 7:38am | Edited 8:24am
Quoting knkie
I think there is a big drop coming in the coming week. Especially now that all the bears have taken their losses and want to go long. Keep an eye on the zone: 1.2872 - 1.2882 just my opinion.
ha..ha..

Yeah people took losses, now let us go down.. to take their losses again.

Intraday only.
  • #542,792
  • Aug 16, 2020 7:40am Aug 16, 2020 7:40am
undoubtedly ( for me ) the price after consolidation, going down.

Consolidation period in hourly TF over.
Attached Image (click to enlarge)
Click to Enlarge Name: OctaFX.png Size: 91 KB
Intraday only.
  • #542,793
  • Aug 16, 2020 7:40am Aug 16, 2020 7:40am
Things will be interesting this week.
  • #542,794
  • Aug 16, 2020 7:45am Aug 16, 2020 7:45am
Quoting Marcieny
Things will be interesting this week.
i know, it is interesting as DC is missing.

Intraday only.
  • #542,795
  • Aug 16, 2020 11:43am Aug 16, 2020 11:43am
less than 5 hours to a new week
I just wanted to make a post to say good luck to all here
besides all the bickering, I wish green pips to all
at the end of the day this is a community
and the way we ALL make the most money is by helping and educating all we can
my DM's always open for anyone with queries

by no means I make the most money here
by no means I have the most power
and by no means the best trader

but im consistent, I make a good living for my age, and I know what it feels like to lose and be at rock bottom and I know my fair share on the market

have a peaceful night and ill see you in the morning

take it easy all
Joe
  • #542,796
  • Aug 16, 2020 11:53am Aug 16, 2020 11:53am
Quoting joesherwood
less than 5 hours to a new week I just wanted to make a post to say good luck to all here besides all the bickering, I wish green pips to all at the end of the day this is a community and the way we ALL make the most money is by helping and educating all we can my DM's always open for anyone with queries by no means I make the most money here by no means I have the most power and by no means the best trader but im consistent, I make a good living for my age, and I know what it feels like to lose and be at rock bottom and I know my fair share on...
SENT PM to you
Intraday only.
  • #542,797
  • Aug 16, 2020 1:06pm Aug 16, 2020 1:06pm
number for me
  • #542,798
  • Aug 16, 2020 2:13pm Aug 16, 2020 2:13pm
Quoting Fredo219
{quote} Please, i need an answer to this . My stop loss is 70 pips far from the current market price. Am i safe?

Definetly not safe. The chance your sl to get hit is around 67% to 75%.
Maadik Hugiis. IQ 69.
  • #542,799
  • Aug 16, 2020 3:27pm Aug 16, 2020 3:27pm
Quoting Stefan90csk
Just a thought - last week range was 140 smth pips - to me it looks like a consolidation before another take off to 1.35. IMO!
The week closed with a new Bullish SW forming. Anytime a SW is formed we see a continuation of the pattern. Happens 80% of the time.

The Year's OP is to be revisited. IMO
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot at Aug 16 20-24-22.png Size: 84 KB
Le$$ I$ More
  • #542,800
  • Aug 16, 2020 3:39pm Aug 16, 2020 3:39pm
Good observation.

Trade safe.

KP

Quoting Roszey
{quote} The week closed with a new Bullish SW forming. Anytime a SW is formed we see a continuation of the pattern. Happens 80% of the time. The Year's OP is to be revisited. IMO {image}
Do your homework, follow the footprints of smart money
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