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Cable Update (GBPUSD)

  • #570,341
  • Jan 5, 2021 1:04pm Jan 5, 2021 1:04pm
GU

tomoro set up

i wait for the price to come to me.
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  • #570,342
  • Jan 5, 2021 1:08pm Jan 5, 2021 1:08pm
Quoting cmk
{quote} What is the argument for this sell? Why is RR (risk reward) so big?
Its my system.. just following it.. Big RR is because i try to pick the best price to enter, failure to do so would cost me less.. but favourable gives the most out of it..
  • #570,343
  • Jan 5, 2021 1:10pm Jan 5, 2021 1:10pm
yes support 1.3590,this trend doesnt react for 20-30 pips, its for day
  • #570,344
  • Jan 5, 2021 1:21pm Jan 5, 2021 1:21pm
Quoting kk300
{quote} Its my system.. just following it.. Big RR is because i try to pick the best price to enter, failure to do so would cost me less.. but favourable gives the most out of it..
Good luck!!
I bought @1.3690 t.p 1.3750
Added another order @1.3755 TP 1.38

Trade Safe
  • #570,345
  • Jan 5, 2021 1:30pm Jan 5, 2021 1:30pm
Quoting cmk
{quote} Good luck!! I bought @1.3690 t.p 1.3750 Added another order @1.3755 TP 1.38 Trade Safe
Do you have a stop?
  • #570,346
  • Jan 5, 2021 1:32pm Jan 5, 2021 1:32pm
Quoting cmk
{quote} Good luck!! I bought @1.3690 t.p 1.3750 Added another order @1.3755 TP 1.38 Trade Safe
Thats where i sold yesterday. Now Just risking a bit of those big wins.
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  • #570,347
  • Jan 5, 2021 1:33pm Jan 5, 2021 1:33pm
H4 is open till 1.37300.I was surprised,i didnt see it,i wanted short from 1.37200.About 1.38 i dont know.
  • #570,348
  • Edited 2:09pm Jan 5, 2021 1:39pm | Edited 2:09pm
Quoting gorjejem
{quote} Updating. Greetings to all!! I think the end of the W5 is very near ... maybe it is already done ... we should be attentive to the break in final trend line and 4H for ABC pointing to 1.32700 + - 20 pips {image} Happy last night of this complicated 2020!Best whises 2021 !!Good trade !!
Hello everyone. Updating my EW analysis: W B is nearing its end or is properly over. W C begins. I don't think the TP area will reach the end of the channel (green line below), reinforcing the uptrend of the pair. Minimum tp 1.3450.

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Anything can happen .. Let's see ..

Regards.
JEM
  • #570,349
  • Jan 5, 2021 1:40pm Jan 5, 2021 1:40pm
Quoting pipfarm
{quote} I have not seen three swings in the hourly correction but based on the fact that it is a correction, there is no way to my knowledge to know what type it will be, it could be an abc with two sharp swings down or 3 sideways swings then shorts are screwed hence why i do not trade corrections for the most part, if it were to be a sharp correction then the safest option is to wait for the low to break @ 3541 as trying to pick the top at b of the abc could end with being whipsawed and even then a sharp correction can have a short 3rd swing ,...

The possibility often becomes a reality, as in we may go sideways to complete the correction before making a new high
Follow The Markets Structure - Patience and Discipline
  • #570,350
  • Jan 5, 2021 1:41pm Jan 5, 2021 1:41pm
i put the sl at 1.36411 , if price breaks there , IT WILL go to the last high at 1.37 area
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yes yes yes
  • #570,351
  • Jan 5, 2021 1:44pm Jan 5, 2021 1:44pm
Quoting Moty
{quote} yes , it can go either way now {image} {image}
See the difference, the price not crossed the SMA 50.

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Together we can be strongest
Vantage Return This Month: -97.0%
  • #570,352
  • Jan 5, 2021 1:52pm Jan 5, 2021 1:52pm
Quoting palpite
{quote} See the difference, the price not crossed the SMA 50. {image}
o.k , i see , switched to 50 sma
yes yes yes
  • #570,353
  • Jan 5, 2021 1:53pm Jan 5, 2021 1:53pm
And now, it's an re-test or will cross the top ?

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Together we can be strongest
Vantage Return This Month: -97.0%
  • #570,354
  • Jan 5, 2021 2:02pm Jan 5, 2021 2:02pm
Quoting palpite
And now, it's an re-test or will cross the top ? {image}
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yes yes yes
  • #570,355
  • Jan 5, 2021 3:10pm Jan 5, 2021 3:10pm
Quoting Kaysole
{quote} Do you have a stop?
I don't use stops on G/U. Too much Spike Lee action.
  • #570,356
  • Jan 5, 2021 3:13pm Jan 5, 2021 3:13pm
Quoting kk300
{quote} Thats where i sold yesterday. Now Just risking a bit of those big wins. {image}
Good trades, sniper eye


T.S
  • #570,357
  • Jan 5, 2021 5:50pm Jan 5, 2021 5:50pm
Quoting Sang.Real
GU tomoro set up i wait for the price to come to me. {image}
You are a very good trader Newbie

One of the few shorter term traders I can learn from.
Compulsions can be hard to resist
  • #570,358
  • Jan 5, 2021 6:03pm Jan 5, 2021 6:03pm
Cable started building strong consolidation zone and will be ready to break (either direction) out after news break.
The Zone is almost (0.00286 pips) tall and comprising 28 bars and counting on.
H1 shows a slightly uptrend but I'll wait to break atleast 2 confirm breakout candles out of the box(again either direction).
I noticed support level @1.35661 while resistance @1.36538; currently price @1.36286.
Good luck
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  • #570,359
  • Jan 5, 2021 6:54pm Jan 5, 2021 6:54pm
Why Spike?`Because of Trump / Pence Twitter??
  • #570,360
  • Jan 5, 2021 6:55pm Jan 5, 2021 6:55pm
momentum is up

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its just a script. join the club
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