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Cable Update (GBPUSD)

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  • Post #577,041
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  • Feb 9, 2021 2:11pm Feb 9, 2021 2:11pm
  •  MoneyZilla
  • Joined Dec 2015 | Status: Suuka Maadik | 3,630 Posts
Quoting eurolinux
Disliked
{quote} Thx yes imaginary lines that the price reverses at .....sometimes
Ignored

There are two ways to buy below the d1 or whatever dN one chooses. Keep the trades open, like a batch or move them around using a SL. In slow trend (like the present uptrend in GU) keeping all trades open, performs much better, but requires larger allowed max trades per account limit... Both ways come up with a draw-down, unfortunately. The draw-down won't kill you, if you are aiming at just 4-5% a month.

Quoting Forexmint
Disliked
{quote} thanks but no thanks, i was just commending you on what you wrote a few months ago, on a thread i was reading. you are not bound to share or disclose anything. your legacy is untarnished, and shall remain so.!
Ignored

Good.
Maadik Hugiis. IQ 69.
 
 
  • Post #577,042
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  • Feb 9, 2021 2:13pm Feb 9, 2021 2:13pm
  •  eurolinux
  • | Joined Nov 2008 | Status: Member | 52 Posts
Quoting MoneyZilla
Disliked
{quote} There are two ways to buy below the d1 or whatever dN one chooses. Keep the trades open, like a batch or move them around using a SL. In slow trend (like the present uptrend in GU) keeping all trades open, performs much better, but requires larger allowed max trades per account limit... Both ways come up with a draw-down, unfortunately. The draw-down won't kill you, if you are aiming at just 4-5% a month.
Ignored
Thx
By the way the pdf docs you posted seem to be broken.
 
 
  • Post #577,043
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  • Feb 9, 2021 2:15pm Feb 9, 2021 2:15pm
  •  MoneyZilla
  • Joined Dec 2015 | Status: Suuka Maadik | 3,630 Posts
Quoting eurolinux
Disliked
{quote} Thx By the way the pdf docs you posted seem to be broken.
Ignored

I think I tried to make a joke? Some did not like it, cause they are all empty.
Maadik Hugiis. IQ 69.
 
2
  • Post #577,044
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  • Feb 9, 2021 2:16pm Feb 9, 2021 2:16pm
  •  Moty
  • Joined Dec 2017 | Status: Member | 22,932 Posts
Attached Image (click to enlarge)
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Name: gu1.png
Size: 29 KB
 
 
  • Post #577,045
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  • Feb 9, 2021 2:19pm Feb 9, 2021 2:19pm
  •  abconqq7
  • | Membership Revoked | Joined Mar 2020 | 164 Posts
Don't worry, everybody. A big drop is coming. Fasten your seat belt!
Damage
 
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  • Post #577,046
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  • Feb 9, 2021 2:38pm Feb 9, 2021 2:38pm
  •  Onlytrader
  • | Joined Dec 2020 | Status: Member | 27 Posts
The trend is up. Look at one hours and four hours one.
 
 
  • Post #577,047
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  • Feb 9, 2021 2:41pm Feb 9, 2021 2:41pm
  •  babayaga
  • Joined Aug 2010 | Status: Member | 2,631 Posts
money has been collected ( ?!)
dolce vita
 
1
  • Post #577,048
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  • Feb 9, 2021 2:42pm Feb 9, 2021 2:42pm
  •  Waveskierrob
  • Joined May 2020 | Status: Best trader ever to have lived 4.0 | 5,547 Posts
Quoting abconqq7
Disliked
Don't worry, everybody. A big drop is coming. Fasten your seat belt!
Ignored
Sorry but you have been saying drop is coming for nearly a month and still nothing, maybe you could she some light on this statement as to why you think its going to drop, many thanks in advance
Soon To Be Temporarily Suspended Again
 
1
  • Post #577,049
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  • Feb 9, 2021 2:43pm Feb 9, 2021 2:43pm
  •  BeeTogether
  • Joined Oct 2020 | Status: Member | 7,101 Posts
Quoting Moty
Disliked
{image}
Ignored
Dude been waiting for the drop all day
 
1
  • Post #577,050
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  • Feb 9, 2021 2:45pm Feb 9, 2021 2:45pm
  •  Forexmint
  • | Joined Jun 2012 | Status: Member | 218 Posts
Quoting abconqq7
Disliked
Don't worry, everybody. A big drop is coming. Fasten your seat belt!
Ignored
yeah? How do you say that?

Like the famous economist John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
My Currency is Urgency
 
 
  • Post #577,051
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  • Feb 9, 2021 2:46pm Feb 9, 2021 2:46pm
  •  Moty
  • Joined Dec 2017 | Status: Member | 22,932 Posts
STOP!!! MF
Attached Image(s) (click to enlarge)
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Name: dx.png
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2
  • Post #577,052
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  • Feb 9, 2021 2:46pm Feb 9, 2021 2:46pm
  •  Logician
  • | Joined Apr 2019 | Status: Member | 15 Posts
Short 500; remove 500 pips from here. That should be your TP. Do not buy. Short all the way down. You're welcome.
You can't backtest emotions.
 
1
  • Post #577,053
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  • Feb 9, 2021 2:51pm Feb 9, 2021 2:51pm
  •  ChiForex
  • Joined Jan 2019 | Status: Member | 1,046 Posts
GU approaching first monthly resistance 1.3820s talked about from my 1st February comment, maybe market will give bears some breath before flying to 1.3900s, although will like it to fly asap
Retrace will face said daily/weekly previous resistance now support 1.3770/90
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
 
 
  • Post #577,054
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  • Feb 9, 2021 2:53pm Feb 9, 2021 2:53pm
  •  vmelnikov
  • | Joined Jun 2012 | Status: Member | 68 Posts
Quoting MoneyZilla
Disliked
{quote} I mean the daily average price. Or the two-day average price, ext. Usually using the last 24 H1s or the last 6 H4s. I don't know what a pivot is in trading... I guess in math this should be a turning point or something?
Ignored
How do you count an average price? Any indicators?
 
 
  • Post #577,055
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  • Feb 9, 2021 2:56pm Feb 9, 2021 2:56pm
  •  viktoriaxz
  • | Joined Jun 2019 | Status: on vacation | 1,398 Posts
how people can speak about short for 500 pips or long for 500 pips.Its stupid.Gu had big daily sideways.Think about it.
 
 
  • Post #577,056
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  • Feb 9, 2021 2:57pm Feb 9, 2021 2:57pm
  •  parshal
  • | Joined Jan 2021 | Status: Member | 347 Posts
I hope everyone having long positions had good profit today (including me). Even though it was too early to close and breaking 1.38 was not anticipated by many of us.
But now being done, what is in store for tomorrow? What are the big boys doing with the news?
I expect to go down as I guess the news are already priced in today. But if it goes higher without retracement I am anticipating 1.3880.

I am already seeing signs at the time of writing as- 'London bridge is falling down" .
My observation may be wrong but intent correct. Stay calm!
 
 
  • Post #577,057
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  • Feb 9, 2021 2:59pm Feb 9, 2021 2:59pm
  •  MoneyZilla
  • Joined Dec 2015 | Status: Suuka Maadik | 3,630 Posts
Quoting vmelnikov
Disliked
{quote} How do you count an average price? Any indicators?
Ignored

Using a simple 24 MA on H1 here. It gives just a slight advantage (not a game changer) on the draw-down side.
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Maadik Hugiis. IQ 69.
 
1
  • Post #577,058
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  • Feb 9, 2021 3:00pm Feb 9, 2021 3:00pm
  •  Georginson
  • Joined Aug 2018 | Status: Concomania | 3,566 Posts
We are due for 500 - 800 pips decline anywhere from current 1.38 to 1.33 - 1.30 in days/weeks ahead.
 
2
  • Post #577,059
  • Quote
  • Feb 9, 2021 3:03pm Feb 9, 2021 3:03pm
  •  viktoriaxz
  • | Joined Jun 2019 | Status: on vacation | 1,398 Posts
but before it it can go to 1.42 for example.only like sceanario.
 
1
  • Post #577,060
  • Quote
  • Feb 9, 2021 3:07pm Feb 9, 2021 3:07pm
  •  Standfirm
  • | Joined May 2019 | Status: Member | 11 Posts
Quoting vmelnikov
Disliked
{quote} How do you count an average price? Any indicators?
Ignored
Vwap
 
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