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Cable Update (GBPUSD)

  • #548,901
  • Sep 18, 2020 5:29am Sep 18, 2020 5:29am
Quoting Headland
... some have been waiting for the drop for a lot of this week. Will price oblige ? As Moty would say ' the drop is coming ' lol [ I know you currently don't want the drop mate !] - But is it ?

That is what worries me as well. I am waiting for and Moty waits for , too? I guess I am all screwed up now...
Maadik Hugiis. IQ 69.
  • #548,902
  • Sep 18, 2020 5:34am Sep 18, 2020 5:34am
Quoting BitcoinBoff
{quote} Jip Dirtcheap If I get 8pips on a trade Im happy smallest was 9 pips, largest was that move away from 1.30, 21 pips not to blow my own whistle, but you need in depth market knowledge over a range of topics to put this together Ive been at it for 16 months, full days, and its coming together now ony "Perfection is a moving target" Im not perfect yet I set out at the start with the goal to never loose a trade, M1 scalping, I was told Im mad, but I like that, then I know Im on the right path

good stuff, and I tend to agree with your comments...another good metric and a measure of how well you are analysing/reading then engaging with the market is what % of the pip range you trade - you actually capture. In any 2hr + trading session I target 33% or 20pips minimum whichever is the greater.
Trader with an Edge.
  • #548,903
  • Sep 18, 2020 5:37am Sep 18, 2020 5:37am
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yes yes yes
  • #548,904
  • Sep 18, 2020 5:45am Sep 18, 2020 5:45am
Quoting Headland
{quote} good stuff, and I tend to agree with your comments...another good metric and a measure of how well you are analysing/reading then engaging with the market is what % of the pip range you trade - you actually capture. In any 2hr + trading session I target 33% or 20pips minimum whichever is the greater.
I do not trade with a pip target, nor a risk/reward ratio.

I will wait for a signal when the forces are low, and exit when they are high

For example RSi value at 5, look for BUY signal, and enter once it touches the RSi 90 level on top. If it is 5 pips its 5, if its 25 pips, its 25.
Its just an example, peeps must not run for RSi now...hehehe!

Dealers will NEVER catch me, Ive given them enough when I started trading as a newbie

Im on them like white on rice....hehehe!
  • #548,905
  • Sep 18, 2020 5:47am Sep 18, 2020 5:47am
... very spiky 30min/1hr at the top going up to 3006 / conversely - kind of a rising wedge thingy (not perfect) 30min ?
Trader with an Edge.
  • #548,906
  • Sep 18, 2020 5:49am Sep 18, 2020 5:49am
Quoting Moty
{image}{image}

Im seeing this more and more as the setup, but will not book a trade.

theres enough evidence for down also

In MP, today is an inside day, simple explained planty opinions and not a lot of movement, but CAN breakout

If I was put in front of a firing squad for an opinion, I would say UP, but dnt know from where the low will be before it turns

So me just do what I know best, small scalps
  • #548,907
  • Sep 18, 2020 5:55am Sep 18, 2020 5:55am
could be wrong

but i think its gonna fall

i will try a risky short @ 2976
in wondering about yourself, you forgot what you came here to be part of
  • #548,908
  • Sep 18, 2020 5:56am Sep 18, 2020 5:56am
i had enought from this up and down.
tp at 1.3
sl 1.29750
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yes yes yes
  • #548,909
  • Sep 18, 2020 6:01am Sep 18, 2020 6:01am
...1hr closes with long upper wick
Trader with an Edge.
  • #548,910
  • Sep 18, 2020 6:02am Sep 18, 2020 6:02am
Quoting knkie
could be wrong but i think its gonna fall i will try a risky short @ 2976
ha ha..
just joking mate
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just for a cup of coffee...
  • #548,911
  • Sep 18, 2020 6:08am Sep 18, 2020 6:08am
some have come to help ?
Attached Image
Trader with an Edge.
  • #548,912
  • Sep 18, 2020 6:11am Sep 18, 2020 6:11am
Quoting Headland
some have come to help ? {image}
just for a cup of coffee...
  • #548,913
  • Sep 18, 2020 6:14am Sep 18, 2020 6:14am
Quoting akim0895
{quote}
...even though they've taken their shirts off as it's tough work, - they're not pushing hard enough lol !
------------------------------

Done for this session...be back later to update charts. G/L all.
Trader with an Edge.
  • #548,914
  • Sep 18, 2020 6:18am Sep 18, 2020 6:18am
.

Quoting knkie
could be wrong but i think its gonna fall i will try a risky short @ 2976

its developing that way....

1.29750 as a first target, might jump up from there

1.29400 as a 2nd target, same reasoning for jumping

If it passes 1.29139 convincingly, 1.2865 if the US gets sniff of it

Lets see how the day develops

In my world, the energy for up movement is not low enough yet to be ignored

I love this daily quest we are on !

have you guys ever thought of a trader as this sly " dock wholesaler", on the harbour docks in the 17th / 18th century, a person with no morals, just follows the trend, run from ship to ship and trades whatever political / economical situation for a gain?!

And he does it with the complete strong conviction / confidence of an old & ugly toothless dockwhore that thinks she is the beauty queen of the ball...?!!

We are the same....lol
  • #548,915
  • Sep 18, 2020 6:42am Sep 18, 2020 6:42am
buyers are tired already hahahaha
  • #548,916
  • Sep 18, 2020 6:48am Sep 18, 2020 6:48am
gu will not break 1.3 today
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yes yes yes
  • #548,917
  • Sep 18, 2020 6:52am Sep 18, 2020 6:52am
Quoting Moty
gu will not break 1.3 today {image} {image}
ha ha..
leave the buy side to me..
GL
just for a cup of coffee...
  • #548,918
  • Sep 18, 2020 6:56am Sep 18, 2020 6:56am
Quoting akim0895
{quote} ha ha.. just joking mate {image}
thanx for buying what i was selling
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in wondering about yourself, you forgot what you came here to be part of
  • #548,919
  • Sep 18, 2020 6:58am Sep 18, 2020 6:58am
Quoting knkie
{quote} thanx for buying what i was selling {image}
roger
️
just for a cup of coffee...
  • #548,920
  • Sep 18, 2020 6:58am Sep 18, 2020 6:58am
Quoting Moty
gu will not break 1.3 today {image} {image}
I’m surprised it took you this long to realize that.
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