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Cable Update (GBPUSD)

  • #570,761
  • Jan 7, 2021 5:33am Jan 7, 2021 5:33am
ranging -- final direction is bull
  • #570,762
  • Jan 7, 2021 5:33am Jan 7, 2021 5:33am
Quoting danizani95
{quote} Moved stop to 1,36330
moved stop to 1.36269
  • #570,763
  • Jan 7, 2021 5:53am Jan 7, 2021 5:53am
Quoting Maximumheigh
{quote} Can we see 1.351x today? Abit of S to conquer. Offloading some shorts {image}
I am still short bias. 1.351x on site.
  • #570,764
  • Jan 7, 2021 6:03am Jan 7, 2021 6:03am
1. Consolidation area will hold till Monday or even further
2. Extreme break in either direction today-tomorrow
Attached Image (click to enlarge)
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Air force
  • #570,765
  • Jan 7, 2021 6:06am Jan 7, 2021 6:06am
1H cycle is down
4H cycle is down
Daily cycle is up
Weekly cycle is up
Monthly cycle is down

Correction in daily cycle
Follow The Markets Structure - Patience and Discipline
  • #570,766
  • Jan 7, 2021 6:21am Jan 7, 2021 6:21am
buy buy the dip
Make money by doing the opposite of Giveachance aka loser
  • #570,767
  • Jan 7, 2021 6:43am Jan 7, 2021 6:43am
Quoting nessus94
buy buy the dip
target?
  • #570,768
  • Jan 7, 2021 6:45am Jan 7, 2021 6:45am
Quoting FloatingCha
{quote} target?
1.3650 for the moment
unless my system tells me to sell before the target
Make money by doing the opposite of Giveachance aka loser
  • #570,769
  • Jan 7, 2021 6:48am Jan 7, 2021 6:48am
Ugly pa
yes yes yes
  • #570,770
  • Jan 7, 2021 6:48am Jan 7, 2021 6:48am
Quoting nessus94
{quote} 1.3650 for the moment unless my system tells me to sell before the target
from what the IG signal early this morning if it breaks 13635 it “should” go up towards 1.37. However this i can’t see it happen today. Too much choppiness
Insane in the Brain..
  • #570,771
  • Jan 7, 2021 6:50am Jan 7, 2021 6:50am
Quoting BeeTogether
{quote} from what the IG signal early this morning if it breaks 13635 it “should” go up towards 1.37. However this i can’t see it happen today. Too much choppiness

how good are those IG signals ?
Make money by doing the opposite of Giveachance aka loser
  • #570,772
  • Jan 7, 2021 6:50am Jan 7, 2021 6:50am
Quoting Maximumheigh
{quote} I am still short bias. 1.351x on site.
1.355x area still unbroken to the down side. Quick scalp on long. Watching price formation on 1.361x and 1.365x for further downward move.
Attached Image (click to enlarge)
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  • #570,773
  • Jan 7, 2021 7:01am Jan 7, 2021 7:01am
Hey all shorted here
good trades all
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  • #570,774
  • Jan 7, 2021 7:02am Jan 7, 2021 7:02am
Quoting nessus94
{quote} how good are those IG signals ?
it can be pretty much hit and miss at times. However when they work out they really do...
Insane in the Brain..
  • #570,775
  • Jan 7, 2021 7:22am Jan 7, 2021 7:22am
Quoting iqyu5an
{quote} Siang pak cik ..
Can you please check your PMs?
Warning: A Dangerous Subversive: 1% of comments CoCed
  • #570,776
  • Jan 7, 2021 7:24am Jan 7, 2021 7:24am
Quoting Moty
Ugly pa
not ugly PA.

I made very good money today.

Not a single short trade.... all long trades only
Intraday only.
  • #570,777
  • Jan 7, 2021 7:28am Jan 7, 2021 7:28am
Quoting Maximumheigh
{quote} 1.355x area still unbroken to the down side. Quick scalp on long. Watching price formation on 1.361x and 1.365x for further downward move. {image}
More upside sited. Price likely to touch 1.365x and 1.37 area before further move down.
  • #570,778
  • Jan 7, 2021 7:34am Jan 7, 2021 7:34am
Quoting pipfarm
{quote} Thanks for the answer, i guess in some ways its not such a bad thing, the main thing is to know when the cycle is changing and you will get some losses along with some big wins as i have seen you do. Did you watch that video i posted ,, it might help , at the moment only six people liked it so i am still debating if i should make a discussion thread on how to link the cycles together. Happy Trading
Please can you share a link to the video??? Thank you
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #570,779
  • Jan 7, 2021 7:35am Jan 7, 2021 7:35am
Quoting kk300
{quote} Hi WG, I was wondering when do you take profit, or you just enter the other side of trade? Thanks.
Hi KK,
A very good question and probably the most difficult one to answer. I enter on the other side of the trade iow I open sell trades against buy trades, but only if they are winners. It is basically freezing my trades. For example, if I have 7 buy trades I will systematically open say 10 sell trades, and ride the correction down. If I have a swing back in the direction of my buy trades I open buy trades and close some of my sell trades. It seems crazy, but here's the crucial thing for me. What seems confusing today becomes crystal clear tomorrow. It is usually in these unclear slow moving markets that traders make mistakes. Right now GbpUsd is mixed with cyclic short signals for me, so my only mission is to enter my sell trade and lock in as soon as possible, after that, I sleep peacefully. If the market continues down all good, but if my sell trail stops are taken out with small profits, also good because the market continues back in the direction of my buy trades and my account grows again. Crazy, crazy but it is all about capital preservation and growth. Anyway, just a bit into my psyche as a medium to long term trader and probably not for everyone.
It must be noted that I do scalp in-between to keep the kitty going.
Cheers.
Trade to trade another day
  • #570,780
  • Jan 7, 2021 7:46am Jan 7, 2021 7:46am
Here is the link again to the video i posted about market structure


https://www.forexfactory.com/thread/...3#post13346093
Follow The Markets Structure - Patience and Discipline
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Molaro
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