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Cable Update (GBPUSD)

  • #553,081
  • Oct 14, 2020 7:16am Oct 14, 2020 7:16am
Quoting epzero
{quote} it's not called bragging i've been trading since 2007 so i know all about forex and the risk involved, i don't hold a trade for long because market changes within a few mins and i also have my SL to protect my capital. we are all here to learn for each other so why should some set of people think they are God just because they have been here longer than others??? if i am not pleased with a system i see here i have the right to challenge that system.
Quoting epzero
{quote}i've been trading since 2007 so i know all about forex
I see. Your charts look super professional with all the blinking stuff on it, and as everybody knows, averaging losers is only done by the best from the very best. And I don't want to mention the lot size. I cannot even imagine how one should deal with the pressure when you have 0.04 lots open.
Attached Image
  • #553,082
  • Oct 14, 2020 7:18am Oct 14, 2020 7:18am
Quoting epzero
{quote} Lol the market has been hell in the last two weeks why didn’t you try using SL
Yep thats how i roll either jackpot or margin call...
Extreme gut feeling trader
  • #553,083
  • Oct 14, 2020 7:19am Oct 14, 2020 7:19am
Guys, check what happened between August 18-24th.
I might not be surprised if it falls again tomorrow.
Patience.....
  • #553,084
  • Oct 14, 2020 7:19am Oct 14, 2020 7:19am
Patience, alongside trading discipline, is key.

KP

Quoting OxyGen_FX
...I am also looking at GU as forming a flag/channel, as shown in your chart above. I am seeing GU having broken below the channel, and had a bounce but is still within the channel and still holds possibility of falling. It has tried to re-take 1.30 a few times since mid September, which I see it as a strong barrier...
Do your homework, follow the footprints of smart money
  • #553,085
  • Oct 14, 2020 7:22am Oct 14, 2020 7:22am
Quoting bale
{quote} It seems that you do have a slight communication disorder. You have to admit that you just lost. No more comments
kindly work on yourself because you clearly need help, why is my post getting to you ??? other traders are posting so follow then and stop being a pussy.
Attached Image (click to enlarge)
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  • #553,086
  • Oct 14, 2020 7:23am Oct 14, 2020 7:23am
For me scenario has changed i was in a LONG position, have taken 90 pips profit and now i see a short.

Price could hit my previus target at ~132 but now i see another down heading before the bulls retaking.
  • #553,087
  • Oct 14, 2020 7:25am Oct 14, 2020 7:25am
Quoting josef
{quote} {quote} I see. Your charts look super professional with all the blinking stuff on it, and as everybody knows, averaging losers is only done by the best from the very best. And I don't want to mention the lot size. I cannot even imagine how one should deal with the pressure when you have 0.04 lots open. {image}
Trade with prediction = witch with her visions lol
  • #553,088
  • Oct 14, 2020 7:26am Oct 14, 2020 7:26am
Quoting ryuryu
Cable gurus, is there any chance to go down? Or it will go up?
Just as you don't try to catch a falling knife, you don't try to stop a taking off plane.

A small pullback is possible, but not more than 20-30 pips before another take off, unless it break 1.31000, then its up up and away.
Patience and Discipline.
  • #553,089
  • Oct 14, 2020 7:34am Oct 14, 2020 7:34am
Quoting ryuryu
Cable gurus, is there any chance to go down? Or it will go up?

May I do suggest to wait for two-three sells days, before jumping on the sell button?

Most here have no idea how to place a sell trade at the top... therefore waiting for a couple of sell days seems safest to me?

Until that moment comes? Here is how selling does not look like:
Attached Image (click to enlarge)
Click to Enlarge Name: C84ACDF9-CDDA-4169-B389-D94FD65FC59D.png Size: 356 KB
Maadik Hugiis. IQ 69.
  • #553,090
  • Oct 14, 2020 7:41am Oct 14, 2020 7:41am
Quoting MoneyZilla
{quote} May I do suggest to wait for two-three sells days, before jumping on the sell button? Most here have no idea how to place a sell trade at the top... therefore waiting for a couple of sell days seems safest to me? Until that moment comes? Here is how selling does not look like: {image}
Exactly. Those pushing this thing seem not to be joking. The current daily candle just about invalidated that of yesterday.
  • #553,091
  • Oct 14, 2020 7:41am Oct 14, 2020 7:41am
Quoting thevisitor
for tomorrow i will be looking for longs targeting 1.3175-80

had a little drawdown today but i think 1.3180 is possible.
beware:always have an emergency sl in place!
ok, a black swan event will not protect you but i am talking about regular markets..
  • #553,092
  • Oct 14, 2020 7:42am Oct 14, 2020 7:42am
Quoting sammdhay
I see cable just start to trading sideways from now, patient waiting valid breakout.
don't try to sell this sucker until 1.31000
Attached Image (click to enlarge)
Click to Enlarge Name: dx1.png Size: 40 KB

even at m1 chart it not losing momentum
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 30 KB
yes yes yes
  • #553,093
  • Oct 14, 2020 7:43am Oct 14, 2020 7:43am
This baby is flying!
  • #553,094
  • Oct 14, 2020 7:46am Oct 14, 2020 7:46am
Quoting Moty
{quote} don't try to sell this sucker until 1.31000{image} even at m1 chart it not losing momentum{image}
absolutely it is not taking some halt at any place. dont try to sell at all its not a trap for bull. Internal news is driving cable so something positive is there unless Dollar shuld not get stronger.
  • #553,095
  • Oct 14, 2020 7:56am Oct 14, 2020 7:56am
lol poor cable can't break yesterday's high hahahaha
  • #553,096
  • Edited 8:27am Oct 14, 2020 7:59am | Edited 8:27am
Quoting Moty
{quote} don't try to sell this sucker until 1.31000{image} even at m1 chart it not losing momentum{image}
you know what ? sell it
raw raw raw your boat .
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gu2.png Size: 27 KB
yes yes yes
  • #553,097
  • Oct 14, 2020 8:01am Oct 14, 2020 8:01am
for me,iam looking for a pullback @ 1.2980 to go long again
  • #553,098
  • Oct 14, 2020 8:02am Oct 14, 2020 8:02am
Quoting epzero
lol poor cable can't break yesterday's high hahahaha
There is a rejection at that area. A strong one. If it continues maybe we get down below 3000 again.
  • #553,099
  • Oct 14, 2020 8:07am Oct 14, 2020 8:07am
Quoting knkie
one heck of a h4 candle still growing i doubt anyone actually saw this coming {image}
I most certainly did not see it coming
Get the Lag out
  • #553,100
  • Oct 14, 2020 8:08am Oct 14, 2020 8:08am
Quoting Mitiblotch
{quote} There is a rejection at that area. A strong one. If it continues maybe we get down below 3000 again.
you are correct that was the price that sent the market down yesterday so it need a greater pullback to be able to break it
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