Cable Update (GBPUSD)

Quoting vinforex7

Disliked

{quote} MoneyZilla... Please dont' waste your time on proving things to others. I dont' know about you or many others here.... BUT... I clearly know with proof... that... someone active here recently, is a scammer!!!!!!!!!!!!! He SAID... he lives in Swiss, and then later on HAD to say.. he is in Singapore... even which he cannot confirm... Please Beware guys.... a scammer is on the prowl!!!! And he is looking for 1000$ Deposit!!!!

Ignored

Could this be barnell? or nessus94? oh, no! barnell? he is the pro one? of both?! don’t spare cash. he will teach you!

i have noticed he is not with an entry, but always nails the directions right. always. like asking questions as: where are the bulls now? no bears around, ext. this type...

$1k. money well spent. a pro is a pro!♟

Another night shift for me
entered short @ 1.2991

SL 1.3020
TP 1.2900

Good Morning Asia Traders.
Yesterday was risk off due Europe's worsening COVID. But COVID is not a new mysterious issue, hence this may not be like March 2020.

DJIA Futures (which opened anew, after NY session closes) is now positive at 0.53%.
Of course, lets see what Asia brings.

My own view of GBPUSD
The bounce from 25 Sep looks like a correction (i.e, zigzag and contained in a channel) and also broken below the said channel, but this correction is taking too long to unfold and went too far up.

I will be wary if it retakes 1.30, and use it as a "support", and this will become a longer term bullish case.
(Or, it may uses a lower level (e.g 1.29, 1.28) for support.


Let's see how Asia reacts. And how London session reacts.

My strategy for GBPUSD (cable)

Works for every major currency pair, based on Daily bars.
No indicators or oscillators needed.
Based on more than 10 years of history data check.
Martingale strategy. Average Down strategy.
Most of the trades in 1st entry will close in TP, but if price goes against the trade, we will open additional trades once a day until we close all open trades as a “basket” of trades when sum of money of the basket is positive.

Conditions:
If difference in pips between Open to Close (or Close to Open) of previous daily closed bar is more than 110 pips, then at the open of current day - open a market order to the opposite direction of previous day.
i.e: if yesterday’s daily bar is Bullish (moved up) and BODY (Close price - Open price) is more than 110 pips, then today at the Open of new daily bar, at 00:00, open Sell market order.
Note: if spread at midnight is too high (more than 4.0 pips) – Don’t open a trade yet. Wait with market order till spread narrows back. It may take even 1-2 hours but usually it will take only a few minutes. So once spread is less than 4.0 pips, open the trade.
TP = 20 to 50 pips, depends on currency’s volatility.
No SL.
If price goes from last entry against the direction of the trade, open at the Open of every new day an additional market order with same lot size as original trade. No TP for additional trade.
Close all trades together when sum of all open profitable and losing trades (“basket“) is positive (may be 0.1$ or 1$).
Instead of SL: If sum of all open trades (“basket”) is losing more than 25% of account balance – close all trades. *This may happen once in a decade if at all.

*110 pips - depends on currency’s volatility. Can be 70 pips for low volatility currencies and on the other hand can be 150 pips for high volatility currencies

For account balance of each 2,000 the fixed lot size will be 0.03.
i.e if account balance is 12,000 and up to 13,999 than fixed lot size is 0.18
i.e if account balance is 20,000 and up to 21,999 than fixed lot size is 0.3


https://www.forexfactory.com/thread/...o-trade-simple

i am short

I am going long from here (possible will retest lower one more time)

I would wait a little longer for the short, might be a fake move up at London open

my signal is a touch at the band and 50%retracement , look at gj , perfect signal

Cable looks like it will at least flirt above 1.3000 for a while during London.

Based on daily she looks like an abandoned baby

if u put ema 25/ema 50 on time frame m 30 it is in the mouth. Means compressed as if i dont want to do anything

We arrived a little early?

Hi everyone. We should see a range from yesterday. Today's opening at 1,2982 didn't dip at all. We should be seeing 1,3070-80 as high.
Followed by a drop to today's opening and a dip. Over 200pips expected

Sell 1.3015 target 1.2920 stop 1.3080

Second sell limit 1.3050 target 1.2950

Shorted the cable again @ 1.3021, SL 1.3050 , TP1: 1.2850 TP2 1.2750

Woah, we got a fierce Rambo.

I’m here buddy my sentiment was short and will continue being short until the charts tell me something else.

In fact I think 1.3024 (max 1.3028) will be the high for some while now, lets see

Good luck slugger, I'm off to a slow start for today.

I’m sure it be another good day for you Trade safe