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Cable Update (GBPUSD)

  • #555,541
  • Oct 29, 2020 6:48am Oct 29, 2020 6:48am
Quoting shahab8b
{quote} Good job with all those nice trades! You put a lot of work in those scalps. It was correcting and I told you it would take hours to come back down. I expect a smooth ride from here to 1.2920. After that, let's wait and see.
thanks a lot for this input cause I shorted with your words in the shadow.
unfortunately I can't build nerves of iron and patience as you have.

usually Im scalping 1-5 lot based on daily/4h/1h trend, yesterday they took my sl or took my patience when i traded both ways because the daily still gave me red alert that bulls can come back any time.

so after yesterday's frustration i decided that till there is not a clear trend i will go with low volume trades and trade safer.
  • #555,542
  • Oct 29, 2020 6:57am Oct 29, 2020 6:57am
trailing the stop , locking more profit along the way down
if i would stopped out i willre enter if price fall below envalope 14 sma in m1 chart
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yes yes yes
  • #555,543
  • Oct 29, 2020 7:00am Oct 29, 2020 7:00am
5th consec 30min bearish close...big 1hr bearish thrust close...1st pot 1hr/4hr supp zone to 2916 then 2911.
Trader with an Edge.
  • #555,544
  • Oct 29, 2020 7:02am Oct 29, 2020 7:02am
60 pips and counting
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  • #555,545
  • Oct 29, 2020 7:08am Oct 29, 2020 7:08am
Quoting fxmasterdxb
60 pips and counting {image}
Nicely done!

State of bulls:
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I will tear the world apart for you.
  • #555,546
  • Oct 29, 2020 7:15am Oct 29, 2020 7:15am
Quoting Moty
good trade indeed gj broke y's low {image} {image} {image}
Nice going Moty! don't forget to take partial profit
  • #555,547
  • Oct 29, 2020 7:16am Oct 29, 2020 7:16am
Quoting navk
{quote} I avoid taking positions before London open. If I take position in Asia, it is scalp only for 10 to 20 pips
Yes, this was pure greed
  • #555,548
  • Oct 29, 2020 7:27am Oct 29, 2020 7:27am
Quoting thevisitor
{quote} Yes, this was pure greed
...but 1.29 is coming
  • #555,549
  • Oct 29, 2020 7:27am Oct 29, 2020 7:27am
Quoting shahab8b
{quote} Nice going Moty! don't forget to take partial profit
i am trailing the stop above the 50 ema band
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go go go eg
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yes yes yes
  • #555,550
  • Oct 29, 2020 7:37am Oct 29, 2020 7:37am
Quoting Moty
{quote} i am trailing the stop above the 50 ema band{image} go go go eg{image}
price is acting shaky now.. carful not gave them nothing back
  • #555,551
  • Oct 29, 2020 7:37am Oct 29, 2020 7:37am
wait and wait time to fly
  • #555,552
  • Oct 29, 2020 7:37am Oct 29, 2020 7:37am
Hey guys yesteerday i sayed my idea was a range bound market for usdix but we could go for that 93.950 to
hmm watching today Pa i belive usdix can go a little more up in Ny but lets se ( since Ny session in usdix has been range)
Good trades everyone
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  • #555,553
  • Oct 29, 2020 7:38am Oct 29, 2020 7:38am
Quoting Moty
trailing the stop , locking more profit along the way down if i would stopped out i willre enter if price fall below envalope 14 sma in m1 chart {image} {image}
This is exceptional trading
  • #555,554
  • Oct 29, 2020 7:42am Oct 29, 2020 7:42am
yesterday low or correction to 1.298? what first?
  • #555,555
  • Oct 29, 2020 7:47am Oct 29, 2020 7:47am
Quoting gatenio
yesterday low or correction to 1.298? what first?
I would say low but waiting for Ny for clear way (usdix starting to stall to and hhas space to fill down.. lets see
  • #555,556
  • Oct 29, 2020 7:52am Oct 29, 2020 7:52am
Quoting HBN08
{quote} I would say low but waiting for Ny for clear way (usdix starting to stall to and hhas space to fill down.. lets see
up for me, just a psychologic guess.
  • #555,557
  • Oct 29, 2020 7:57am Oct 29, 2020 7:57am
Quoting gatenio
yesterday low or correction to 1.298? what first?
y's low
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yes yes yes
  • #555,558
  • Oct 29, 2020 8:00am Oct 29, 2020 8:00am
... downside follow thru on the prev 1hr bearish thrust candle... 7th consec 30min bearish body close...price testing top of prev 1hr/4hr sw lo zone to y/day's 2916 lo...then a prev 1hr/4hr zone farther back in time to 2911 - which is also Dly S1. Wkly S1 2900. 61.8% 2674-3176 @ 2894.

Tweezer top at today's current hi on this 4hr now, below....
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Trader with an Edge.
  • #555,559
  • Oct 29, 2020 8:04am Oct 29, 2020 8:04am
Quoting gatenio
yesterday low or correction to 1.298? what first?
The risk reward is now skewed to the upside... A buy from 1.2890/1.2930 will be just ideal considering month end flows. I fancy a climb back to 1.3000 and above.
Data + Stat + Risk/Emotions Management
  • #555,560
  • Oct 29, 2020 8:06am Oct 29, 2020 8:06am
Quoting Headland
... downside follow thru on the prev 1hr bearish thrust candle... 7th consec 30min bearish body close...price testing top of prev 1hr/4hr sw lo zone to y/day's 2916 lo...then a prev 1hr/4hr zone farther back in time to 2911 - which is also Dly S1. Wkly S1 2900. 61.8% 2674-3176 @ 2894.
I really like your analysis but I will love it if you can avoid abbreviations and give more sentenced explanations.
Data + Stat + Risk/Emotions Management
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