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Cable Update (GBPUSD)

  • #551,381
  • Oct 6, 2020 4:18am Oct 6, 2020 4:18am
Quoting Moty
{quote} no no no . why long ? there goes my position {image} {image}
Patience is key. The market is consolidating so the price will be moving up and down. I believe your position is safe.
Risk Management is of utmost importance!
  • #551,382
  • Oct 6, 2020 4:23am Oct 6, 2020 4:23am
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 23 KB
yes yes yes
  • #551,383
  • Oct 6, 2020 4:25am Oct 6, 2020 4:25am
Quoting lampuah
{quote} @Moty, is there any automated trailing when we reach our target profit, it will update the SL automatically?
i don't thing so.
i looked for one , and found only the option of the trailing stop
yes yes yes
  • #551,384
  • Oct 6, 2020 4:28am Oct 6, 2020 4:28am
My Support is at 129 580 will this be tested in the next hour or so.
Long now at 129 600
  • #551,385
  • Oct 6, 2020 4:29am Oct 6, 2020 4:29am
Up =nop
Down = nop
Jeezz..! Lol
#naik segan turun tak mau#
Trade with prediction = witch with her visions lol
  • #551,386
  • Oct 6, 2020 4:30am Oct 6, 2020 4:30am
Quoting Moty
{quote} i don't thing so. i looked for one , and found only the option of the trailing stop
Okay.. Thank you Sir!
I quit now... will see the NY time...
Golden Goose Return This Month: na
  • #551,387
  • Oct 6, 2020 4:30am Oct 6, 2020 4:30am
Quoting epzero
that was the last bull run, now comes the bear
Bulls didn't even start yet...
Everyone can see the chart, but only a few can actually read it.
  • #551,388
  • Oct 6, 2020 4:35am Oct 6, 2020 4:35am
I don't know how true this is, but my observation of the minimum reversal movements on Cable is that:

5 min needs at least 10 pips
15 min needs 20
1hr - 40
4hr - 80
Daily needs 160
Weekly needs 320
Monthly all the way to 640

If I took every 5min reversal, I would lose money. I noticed that taking the second reversal (a change in trend of highs and lows), is more reliable. Such a signal on a larger timeframe seems more accurate.

What I'm hoping to do is to ride the Monthly wave up, and I don't know if it's started yet, but we had one impulse up (2000 pips), and one down (almost 800 pips). The question is, whether the last low is the actual bottom of that impulse down.

I've been adding to the long position, and hope to ride it out. This is the second time in my life that I'm letting myself stay in the trade and see the benefits. I'm still trading tiny accounts so that I don't lose the farm.

If Cable stays it's course, there is a chance to reach 1.4 in two to four months (100EMA on the monthly).

I can't seem to day trade to save my life, but entering during the day seems fine with me, and then being happy with a winning position and a break even stop has been working with my psychology. I have no clue if I will be able to make it in Forex even though I've been playing with it on and off since 2004...

It's been very interesting reading your discussions on here, and kudos to all of you who manage to rip some money out of the market.

And as always...
I have no clue where it's going
  • #551,389
  • Oct 6, 2020 4:35am Oct 6, 2020 4:35am
Quoting OnlineAddict
{quote} Bulls didn't even start yet...
nor bears
Make money by doing the opposite of Giveachance aka loser
  • #551,390
  • Oct 6, 2020 4:41am Oct 6, 2020 4:41am
Quoting LifeRider
I don't know how true this is, but my observation of the minimum reversal movements on Cable is that: 5 min needs at least 10 pips 15 min needs 20 1hr - 40 4hr - 80 Daily needs 160 Weekly needs 320 Monthly all the way to 640 If I took every 5min reversal, I would lose money. I noticed that taking the second reversal (a change in trend of highs and lows), is more reliable. Such a signal on a larger timeframe seems more accurate. What I'm hoping to do is to ride the Monthly wave up, and I don't know if it's started yet, but we had one impulse up (2000...
The truth is no one really knows for sure where the market will go , we all just try to follow it , stick with following the trends only
  • #551,391
  • Oct 6, 2020 4:41am Oct 6, 2020 4:41am
Quoting OnlineAddict
{quote} Bulls didn't even start yet...
lol sellers has the upper hand as exit is close but for buyers exit is far
  • #551,392
  • Oct 6, 2020 4:47am Oct 6, 2020 4:47am
Quoting epzero
{quote} lol sellers has the upper hand as exit is close but for buyers exit is far
Well, ok then.
Everyone can see the chart, but only a few can actually read it.
  • #551,393
  • Oct 6, 2020 4:50am Oct 6, 2020 4:50am
M5
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 55 KB
PA Trading with EMAs & common Sense
  • #551,394
  • Oct 6, 2020 4:52am Oct 6, 2020 4:52am
Enjoy..
Attached Image (click to enlarge)
Click to Enlarge Name: bear-vector-polar-bear-cartoon-coffee-tea_71328-219.jpg Size: 53 KB
  • #551,395
  • Oct 6, 2020 4:56am Oct 6, 2020 4:56am
Quoting b_hand
Enjoy.. {image}
The bears Take a coffee before acting
  • #551,396
  • Oct 6, 2020 4:59am Oct 6, 2020 4:59am
Quoting OnlineAddict
{quote} Well, ok then.
lol have you given up now?
  • #551,397
  • Oct 6, 2020 5:03am Oct 6, 2020 5:03am
Quoting b_hand
{quote} The bears Take a coffee before acting
Still holding on to long at 1.29888 in red. I don't know if I should close or wait...lol
Confusion is a bad sickness...
Moty, are you there? where's your location in the market?
  • #551,398
  • Oct 6, 2020 5:03am Oct 6, 2020 5:03am
Quoting epzero
{quote} lol have you given up now?
I am not doing these childish games anymore, you will need to pick someone else for that.
Everyone can see the chart, but only a few can actually read it.
  • #551,399
  • Oct 6, 2020 5:09am Oct 6, 2020 5:09am
I think cable just start the 1st wave to going up on Daily chart
  • #551,400
  • Oct 6, 2020 5:10am Oct 6, 2020 5:10am
Quoting OnlineAddict
{quote} I am not doing these childish games anymore, you will need to pick someone else for that.
what's childish about you buying and me selling? you picked a side and i picked mine, the end shall tell.
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