{quote} This?{image}
you know which one, but to soon to say 1.331 not so far for a kiss and BOOM, ROSE dunk and lands badly on his knee.
Cable Update (GBPUSD)
- #559,383
- Nov 17, 2020 10:47pm Nov 17, 2020 10:47pm
- | Membership Revoked | Joined Oct 2020 | 1,823 Posts
{quote} GOOD ONE. lol you know which one, but to soon to say 1.331 not so far for a kiss and BOOM, ROSE dunk and lands badly on his knee.
Yeah, lol, I know which picture you were talking about. But to be an anal prick, he wasn't going for a dunk then lol.
Alright, my longs are already in profit and secured, so I'm not worried. Bears can attack, I will TP accordingly and find new dips.
I will tear the world apart for you.
- #559,384
- Nov 17, 2020 10:50pm Nov 17, 2020 10:50pm
- Joined May 2016 | Status: Clueless | 6,896 Posts
{quote} If previous top is 1.3314 then price is trading at 1.3260 this means we are only 50 pips away from recent top, this area should be where profit should be taken off the table not where price should be bought. Most traders that buy close to high often get trapped. How about setting a sell limit 100 - 200 pips above the recent top to avoid being trapped or a buy limit of 200 pips below the recent top to avoid future trap. The most important characteristic of a good price should be its repeatability in such a way that even if price goes against...
But We cannot consider 1.33 as a TOP if we both agree we are in a bullish trend. Not even 1.347. Only a matter of time, these two supposed top will become ‘turncoat’
I am anticipating the first turncoat at your 1.33 today/tomorrow.
Lastly, we just had a solid turncoat at 1.314 on the daily TF.. If anything, this is likely to take us to 1.347 with ease. I hope I have been able to explain my idea behind buying.. Other bulls may have similar or different reasons for buying
.. end of the day, bulls and bears are just speculators. We must wait and see what happens.
SS
- #559,385
- Nov 17, 2020 10:51pm Nov 17, 2020 10:51pm
- Joined May 2012 | Status: Senior Member | 3,059 Posts
{quote} If previous top is 1.3314 then price is trading at 1.3260 this means we are only 50 pips away from recent top, this area should be where profit should be taken off the table not where price should be bought. Most traders that buy close to high often get trapped. How about setting a sell limit 100 - 200 pips above the recent top to avoid being trapped or a buy limit of 200 pips below the recent top to avoid future trap. The most important characteristic of a good price should be its repeatability in such a way that even if price goes against...
setting sell limit 200 pips above 1.3477 would be an awesome idea but why wait for price to push 300-400 pips and then sell?
Im not a swing trader more like a scalper so i live on 30-50 pips per day so buying and selling always comes with tight SL
- #559,386
- Nov 17, 2020 10:52pm Nov 17, 2020 10:52pm
- Joined Jun 2013 | Status: Trader | 14,544 Posts
{quote} Please visit this thread. Yeah, lol, I know which picture you were talking about. But to be an anal prick, he wasn't going for a dunk then lol.
bears dont know how to maintain downtrend, just to drop it like MF
- #559,387
- Nov 17, 2020 11:01pm Nov 17, 2020 11:01pm
- | Commercial User | Joined Sep 2009 | 1,757 Posts
There goes the long at be traders
i am waiting for the short at be traders now
i am waiting for the short at be traders now
Make money by doing the opposite of Giveachance aka loser
- #559,388
- Nov 17, 2020 11:17pm Nov 17, 2020 11:17pm
- Joined Aug 2018 | Status: Research Analyst | 4,290 Posts
{quote} Hi George, But We cannot consider 1.33 as a TOP if we both agree we are in a bullish trend. Not even 1.347. Only a matter of time, these two supposed top will become ‘turncoat’ I am anticipating the first turncoat at your 1.33 today/tomorrow. Lastly, we just had a solid turncoat at 1.314 on the daily TF.. If anything, this is likely to take us to 1.347 with ease. I hope I have been able to explain my idea behind buying.. Other bulls may have similar or different reasons for buying
From Yearly perspective 1.3260 is 220 pips from top with a massive 1860 pips distance to the yearly low.
Also noteworthy that from 2011 till 2019 the maximum yearly range is 1900 pips before pandemic year 2020 marginally broke the maximum yearly range to 2088 pips which the current price is just 200 pips away from it.
The rejection of 800 pips from 1.3480 high of September clearly shows that price often respects distance covered whichever way you look at it.
Data + Stat + Risk/Emotions Management
- #559,389
- Nov 17, 2020 11:20pm Nov 17, 2020 11:20pm
- Joined Aug 2018 | Status: Research Analyst | 4,290 Posts
{quote} The recent top is 50 pips away but why would we think PA would reverse over there? Why not considering 1.3477 top? setting sell limit 200 pips above 1.3477 would be an awesome idea but why wait for price to push 300-400 pips and then sell? Im not a swing trader more like a scalper so i live on 30-50 pips per day so buying and selling always comes with tight SL
Go catch some pips with caution mate, its all there for my scalper friends.
Data + Stat + Risk/Emotions Management
- #559,391
- Nov 17, 2020 11:26pm Nov 17, 2020 11:26pm
- Joined May 2012 | Status: Senior Member | 3,059 Posts
My broker 
- #559,393
- Nov 17, 2020 11:28pm Nov 17, 2020 11:28pm
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #559,395
- Nov 17, 2020 11:41pm Nov 17, 2020 11:41pm
- Joined May 2016 | Status: Clueless | 6,896 Posts
My broker
Same thing would happen if it was a pending order
SS
- #559,398
- Nov 17, 2020 11:44pm Nov 17, 2020 11:44pm
- Joined May 2012 | Status: Senior Member | 3,059 Posts
{quote} I think it’s got something to do with your ‘Spread’ .. what is your spread on this pair? Same thing would happen if it was a pending order SS
Im looking for a new one anyway
