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Cable Update (GBPUSD)

  • #564,761
  • Dec 10, 2020 2:36am Dec 10, 2020 2:36am
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yes yes yes
  • #564,762
  • Dec 10, 2020 2:44am Dec 10, 2020 2:44am
don’t think the market is going to believe Boris would go through with no deal until the very end of the year..

seems likely it will just consider it political posturing.

should price in some if they cancel talks on Sunday but the real drops will come after the 31st.
Que Sera
  • #564,763
  • Edited 2:57am Dec 10, 2020 2:46am | Edited 2:57am
Quoting hans91
{quote} Hi Moty, if i may ask, how much money every time you deposit ? i think if is in range $100-$200, better to change your acc type to cent so that you will have $10000 - $20000 and using medium lot with 0,5 - 1 lot. just a little advice, so maybe your account will survive for a long time with great margin level.
i am not losing because of lot's size , i losing because i am greedy , not using stop loss , keep staying in the trade after price reached the atr high or low ,
or the daily r2 or s2 .
yesterday price reached atr high and daily r2 and i was up 150 $ from 300 $ deposite ,
instead saying to myself " close the trade , or at least put stop loss at be " .
i prefer staying in the trade , looking at my profit fade away into full blow up
yes yes yes
  • #564,764
  • Dec 10, 2020 2:55am Dec 10, 2020 2:55am
i am in !!!!!!!!!\
now drop 100 pips like you in the night like a thief , you blow my account mf
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yes yes yes
  • #564,765
  • Dec 10, 2020 2:57am Dec 10, 2020 2:57am
Quoting Moty
{quote} if you had looked At my performances in the last days , you would probably say " , the later , the better " . {image}
yes bro i did saw some wonderful charts, didn't understand how you burned the account
i think the method of adding 0.01 lot every time your margin allow it maybe bring some dollars but if you 100% right with your target level, BUT, if you get a reversal on your head it can be dramatic.
  • #564,766
  • Dec 10, 2020 2:58am Dec 10, 2020 2:58am
Quoting pipfarm
Deal or no deal Break down of last up swing at point A with a retest of the old support to the left of swing A and failure to push to a new HH and moving back down through support then breaking the support area formed from wave B up , should retest then down again to point C This is a reversal of the whole of the previous H1 uptrend hence i have marked the support area as the target from where the uptrend began with a triangle correction which i did not mark on the chart {image}

Spot on so far 100 pips

Before

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After
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Follow The Markets Structure - Patience and Discipline
  • #564,767
  • Dec 10, 2020 3:03am Dec 10, 2020 3:03am
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Observer effect
  • #564,768
  • Dec 10, 2020 3:04am Dec 10, 2020 3:04am
go go go bears im with you.. i have buy limit down there.. c'mon get it you can do it

i regret take my sell off from yesterday high to early im out at 1.3350.. didnt expect drop so soon so im late for this party..

buy limit
@1.32279
Trade what you see, not what you think.. react and stay sharp..
  • #564,769
  • Dec 10, 2020 3:05am Dec 10, 2020 3:05am
Quoting gatenio
{quote} yes bro i did saw some wonderful charts, didn't understand how you burned the account i think the method of adding 0.01 lot every time your margin allow it maybe bring some dollars but if you 100% right with your target level, BUT, if you get a reversal on your head it can be dramatic.
maybe i can put stop loss at the last 0.01 position when i open another so if price reverse , i don't get burned.
but it better just leave it at the original lot size and don't add
yes yes yes
  • #564,770
  • Dec 10, 2020 3:08am Dec 10, 2020 3:08am
eg is bullish , and broke up
gu can drop 150 pips like last time
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yes yes yes
  • #564,771
  • Dec 10, 2020 3:12am Dec 10, 2020 3:12am
Quoting miedpreneur
go go go bears im with you.. i have buy limit down there.. c'mon get it you can do it i regret take my sell off from yesterday high to early im out at 1.3350.. didnt expect drop so soon so im late for this party.. buy limit @1.32279
If this is a new trend forming it bottoms out around 3140
Que Sera
  • #564,772
  • Dec 10, 2020 3:16am Dec 10, 2020 3:16am
Quoting Sang.Real
GU I'm newbie entering small scalping position. Any constructive comments are welcome to improve my trading knowledge. Thank You {image}
to catch a reversal you need to wait for conformation .
the minimum is a break of last candle high , it didn't happened .
i suggest you get out and trail buy stop order at every last candle high
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yes yes yes
  • #564,773
  • Dec 10, 2020 3:16am Dec 10, 2020 3:16am
Quoting Catempire
{quote} If this is a new trend forming it bottoms out around 3140
yes i see that level too.. but im doubt straight down there without any retrace at s/ level so i take buy at S and go for short again at R level..

Ps: normally i am buy now 1.3300 (s level) but i will wait until bulls sign at my chart and so far while i type theres no sign bull yet, and prove to be strong for bull comeback.. now i dont dare to add buy cause yesterday bull failed to create new high, and that open potential to create new low so i will wait to long again but i dont dare to sell if reverse now it will be disaster..
Trade what you see, not what you think.. react and stay sharp..
  • #564,774
  • Dec 10, 2020 3:23am Dec 10, 2020 3:23am
Quoting miedpreneur
go go go bears im with you.. i have buy limit down there.. c'mon get it you can do it i regret take my sell off from yesterday high to early im out at 1.3350.. didnt expect drop so soon so im late for this party.. buy limit @1.32279
GBPUSD is currently moving in the Bearish Pahse and it has already touched the 1.3300 handle. More downside pressure can be seen in the coming days.
FXOpen - International True ECN Broker
  • #564,775
  • Dec 10, 2020 3:26am Dec 10, 2020 3:26am
Quoting pipfarm
{quote} Spot on so far 100 pips Before {image} After {image}
Pipfarm I'll say it again in-case you missed it.

I followed your pullback analysis last night & opened more lots above 410

Very much appreciated.
Que Sera
  • #564,776
  • Dec 10, 2020 3:27am Dec 10, 2020 3:27am
Quoting EuroScalper
{quote} GBPUSD is currently moving in the Bearish Pahse and it has already touched the 1.3300 handle. More downside pressure can be seen in the coming days.
yes im agree with you.. but on intraday and i am an intraday trader there's up n down forming range on daily candlestick so either you go bull or go bears as long you can identified that range it can make some serious pips..
Trade what you see, not what you think.. react and stay sharp..
  • #564,777
  • Dec 10, 2020 3:31am Dec 10, 2020 3:31am
Quoting Hutch
{quote} {quote} Maximumheigh, could I borrow your crystal ball? 1.336 was the reversal point on my chart. {image}
Good day friend. For Veteran like you, we the boys are still learning.
  • #564,778
  • Dec 10, 2020 3:32am Dec 10, 2020 3:32am
Quoting Catempire
{quote} Pipfarm I'll say it again in-case you missed it. I followed your pullback analysis last night & opened more lots above 410 Very much appreciated.

Congratulation and your welcome

T/A is great tool in the right hands
Follow The Markets Structure - Patience and Discipline
  • #564,779
  • Dec 10, 2020 3:35am Dec 10, 2020 3:35am
Quoting Maximumheigh
{quote} Offloaded my shorts. Tomorrow is another day!!! Expecting more downward move.
Good day friends. After the pullback we got to 1.3300. We still have 1.325x next after some pullback.
  • #564,780
  • Dec 10, 2020 3:39am Dec 10, 2020 3:39am
Quoting Maximumheigh
{quote} Good day friends. After the pullback we got to 1.3300. We still have 1.325x next after some pullback.
Pullback to 1.335x. More short around that area. IMO
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