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Cable Update (GBPUSD)

  • #547,641
  • Sep 11, 2020 3:18am Sep 11, 2020 3:18am
waiting until signal given to short again , current price action looks corrective, could be an hour or two or maybe not short at all
Follow The Markets Structure - Patience and Discipline
  • #547,642
  • Sep 11, 2020 3:20am Sep 11, 2020 3:20am
... that last 'main' 4hr sw lo zone is quite deep (=prev supp = pot rbs)....if tested will be looking for 1hr bearish hidden div with 5min regular bearish div/osc extreme o/b entry - timed on 1min/2min - short there. 4hr below.
Attached Image
Trader with an Edge.
  • #547,643
  • Sep 11, 2020 3:24am Sep 11, 2020 3:24am
Quoting OnlineAddict
{quote} Thats the problem...he never made any profit. I told him its not smart to keep open trades for long term targets, better to trade in that direction and close profits on the way. But he told me I am not smart enough to understand that kind of trading...well, I guess I am not smart enough to understand how someone can turn 400 pip profit into a 300 pip loss within 2 weeks, without cashing in.
it's madness he got carried away with the flow of the buy and pride too
  • #547,644
  • Sep 11, 2020 3:25am Sep 11, 2020 3:25am
Quoting VM.
{quote} 2841, a typo. SL=BE hit now anyway.
sorry to see that, sl @BE is always bettter than loss, BE plus spread is little better, believe me I am not questioning your entry, I am heavy short both cable and geppy but from nowhere near these levels (good to see SL get a mention) they are both @ reasonable weekly supports, so really sellers need to be patient and see if these supports hold or not, shorter term longs from 2772ish would have been better options, but you would be buying a bearish market, gu gj are rolling east, ie "ping pong" best option is sit on hands
If you are new to Forex? Say Goodbye to your account!!
  • #547,645
  • Sep 11, 2020 3:26am Sep 11, 2020 3:26am
Quoting vowan4ik
i'm buy now from 1.27849, sl 30 pips
closed half of trade for profit, GU + 62 pips
Attached Image (click to enlarge)
Click to Enlarge Name: gu buy.jpg Size: 122 KB

GJ also closed half of trade + 73.5 pips
Attached Image (click to enlarge)
Click to Enlarge Name: gj buy.jpg Size: 142 KB
Like your wife says, hold the fucking position until I tell you I'm done.
  • #547,646
  • Sep 11, 2020 3:27am Sep 11, 2020 3:27am
Quoting epzero
{quote} it's madness he got carried away with the flow of the buy and pride too

I know you gotta beef with George - but hey move on - it's over. For the sake of transparency - I have reported you for code of conduct violation - bullying/bickering.
Trader with an Edge.
  • #547,647
  • Sep 11, 2020 3:28am Sep 11, 2020 3:28am
Quoting Gym4life
{quote} I use only 20-30 pips sl, the only way
little tip, for sl use prime numbers, especially never numbers with a "0"
If you are new to Forex? Say Goodbye to your account!!
  • #547,648
  • Sep 11, 2020 3:28am Sep 11, 2020 3:28am
Quoting vowan4ik
{quote} closed half of trade for profit, GU + 62 pips {image} GJ also closed half of trade + 73.5 pips {image}
Brilliant and well held...makes my initial +11 from our similar entries look sick lol ! - got some more on 2 x further long entries but nothing that adds up to yours !
Trader with an Edge.
  • #547,649
  • Sep 11, 2020 3:38am Sep 11, 2020 3:38am
Quoting Georginson
{quote} I'm on a buy from 1.2789 ... Please do opposite by selling from 1.2789.
already short from 2815

but because youre so cocky im setting a Sell stop @ 2789
in wondering about yourself, you forgot what you came here to be part of
  • #547,650
  • Sep 11, 2020 3:39am Sep 11, 2020 3:39am
Quoting Headland
{quote} Brilliant and well held...makes my initial +11 from our similar entries look sick lol ! - got some more on 2 x further long entries but nothing that adds up to yours !
thanks)
I opened these trades before bed, at first I moved my sl + 10 pips, but then when I went to sleep I moved sl at be.
Woke up 1.5-2 hours ago and saw profit. I decided that I need to take some of the profits and need to watch, what happen
Like your wife says, hold the fucking position until I tell you I'm done.
  • #547,651
  • Sep 11, 2020 3:46am Sep 11, 2020 3:46am
closed my gu trade at be. Too fast bears))
now i'm looking entry for sell
Like your wife says, hold the fucking position until I tell you I'm done.
  • #547,652
  • Sep 11, 2020 3:47am Sep 11, 2020 3:47am
Quoting pipfarm
waiting until signal given to short again , current price action looks corrective, could be an hour or two or maybe not short at all

No entry yet but for sure moving strongly down, i do not mind leaving some pips on the table before i get 100% confirmation of the trade entry.


MARKET STRUCTURE - PATIENCE - DISCIPLINE = WINNING TRADES
Follow The Markets Structure - Patience and Discipline
  • #547,653
  • Sep 11, 2020 3:52am Sep 11, 2020 3:52am
Quoting Moty
looks like a bulls trap / bearish flag. if i had money in the account i would sell new hourly low . potential reverse areas are mark on the chart. until band is declining and all blue , the trend is short {image} {image}
the drop is here blah blah blah
you know the drill
20 pips allready in profit
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 32 KB
yes yes yes
  • #547,654
  • Sep 11, 2020 3:52am Sep 11, 2020 3:52am
Quoting KiwiTrada
{quote} sorry to see that, sl @BE is always bettter than loss, BE plus spread is little better, believe me I am not questioning your entry, I am heavy short both cable and geppy but from nowhere near these levels (good to see SL get a mention) they are both @ reasonable weekly supports, so really sellers need to be patient and see if these supports hold or not, shorter term longs from 2772ish would have been better options, but you would be buying a bearish market, gu gj are rolling east, ie "ping pong" best option is sit on hands
It was a correct idea to short the spike, maybe I should have put SL at profit or 20-30 pips higher... always a difficult decision for me.

I cashed in short at 1.279 yesterday, so in a way, I went long from there. Could not make myself go long for real, although this was definitely the right play, given how strong the support was.
  • #547,655
  • Sep 11, 2020 3:55am Sep 11, 2020 3:55am
Quoting Moty
if i had money in the account i would sell new hourly low .
you lost all of your profit from the last week ?
wow
in wondering about yourself, you forgot what you came here to be part of
  • #547,656
  • Sep 11, 2020 3:55am Sep 11, 2020 3:55am
Quoting vowan4ik
closed my gu trade at be. Too fast bears)) now i'm looking entry for sell
late entry, but SL at BE
Attached Image (click to enlarge)
Click to Enlarge Name: gu sell.jpg Size: 115 KB
Like your wife says, hold the fucking position until I tell you I'm done.
  • #547,657
  • Sep 11, 2020 3:56am Sep 11, 2020 3:56am
Quoting knkie
{quote} already short from 2815 but because youre so cocky im setting a Sell stop @ 2789
excellent shorts
look out below
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 16 KB
in wondering about yourself, you forgot what you came here to be part of
  • #547,658
  • Edited 4:18am Sep 11, 2020 3:58am | Edited 4:18am
... this prev dly/wkly sw hi zone = prev res = pot rbs goes down to 2746 on dly and 2669 on wkly...some prev sw hi/lo zones on 4hr in there if looking to better time an entry to go long from it - even if just a scalp... that previously mentioned 30min bearish hidden div has played out so far... will we see a new downtrend lo ?

EDIT: Strong 1 hr bearish close right in prev sw lo zone on 1hr/4hr ie y/day's lo. Next downside fibs are 2778, 2740 then 2722/16
Trader with an Edge.
  • #547,659
  • Sep 11, 2020 4:00am Sep 11, 2020 4:00am
Quoting knkie
{quote} excellent shorts look out below {image}
Be careful, 1.277-8 was defended strongly last night. It may fall, but it is likely to fight.
  • #547,660
  • Sep 11, 2020 4:02am Sep 11, 2020 4:02am
Quoting Almo2312
{quote} added 1.2855 for 100
Nicely free meal .

Cheers
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
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