Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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Post #578,681
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Feb 17, 2021 7:59pm Feb 17, 2021 7:59pm

coolmakina
Joined Apr 2013 | Status: Member | 1,926 Posts

Quoting Finding

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Hi guys I’m newbie. I'm stuck selling GU 1,36722, Gold, wti. My acc maybe will die soon. Can you guys give me some advice to help me please?

Ignored

option 1: cut the loss (something you should had done earlier).
option 2: hedge buy. (something that can take days/weeks/months/years to solve, if swaps don't eat your account).

If you don't know how to earn money, don't loose it.

Post #578,682
Quote
Feb 17, 2021 8:04pm Feb 17, 2021 8:04pm

palpite
Joined Sep 2015 | Status: Under Pressure | 3,790 Posts

Quoting FXInfoMagnet

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Hi All, I'm new here and I'm hoping I could get some advice. I pretty much exclusively trade GBP/USD and I had an extremely profitable January, however, it all seemed to fade for me in February. My setup is pretty much as follows: BB Bands with a period of 13 and deviation of 2 EMA: 200 EMA: 100 EMA: 30 (for 5/15m) I use a Stoch set at 34,6,2 for 5 to 15 I usually let the chart and candles, and DXY guide me but I feel like I've lost my way slightly. Is there a whole lot more I should be looking at? Stocks, FTSE, etc. Obviously, I pay attention to...

Ignored

You have a good template, i think the bollinger bands is too much and the stochastic i changed to K_Period = 34, D_Period = 2, Slowing = 6.

Let's test it for to see.

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Together we can be strongest

Post #578,683
Quote
Feb 17, 2021 8:07pm Feb 17, 2021 8:07pm

Finding
| Joined May 2020 | Status: Junior Member | 2 Posts

Quoting coolmakina

Disliked

{quote} option 1: cut the loss (something you should had done earlier). option 2: hedge buy. (something that can take days/weeks/months/years to solve, if swaps don't eat your account).

Ignored

Should I cut all the loss and start from beginning?

Post #578,684
Quote
Feb 17, 2021 8:25pm Feb 17, 2021 8:25pm

Jonadab
| Joined Feb 2021 | Status: Member | 42 Posts

Looks like GU correction is over with fallen wedge on H1 and divergence. This is also 61.8% fib from 1.38 to 1.395. Perhaps gathering momentum to propel it to 1.4.

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Post #578,685
Quote
Feb 17, 2021 8:26pm Feb 17, 2021 8:26pm

coolmakina
Joined Apr 2013 | Status: Member | 1,926 Posts

Quoting Finding

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{quote} Should I cut all the loss and start from beginning?

Ignored

my friend,
do not let no one decide that for you.
it's your money. you decide.
have you tried to close some positions or partial close, so that you could keep trade and feed the "hope"?

If you don't know how to earn money, don't loose it.

Post #578,686
Quote
Feb 17, 2021 8:44pm Feb 17, 2021 8:44pm

DailyChart
Joined Nov 2013 | Status: Equilibrium Zones | 2,356 Posts

Quoting Finding

Disliked

Hi guys I’m newbie. I'm stuck selling GU 1,36722, Gold, wti. My acc maybe will die soon. Can you guys give me some advice to help me please?

Ignored

Stop trading and forget/avoid it at all Then Focus sell chicken at The Market

Post #578,687
Quote
Feb 17, 2021 9:01pm Feb 17, 2021 9:01pm

navk
Joined Oct 2010 | Status: Trader | 16,002 Posts | Online Now

above 3850, one can expect 3900 first, R1

IMO

Intraday only.

Post #578,688
Quote
Feb 17, 2021 9:18pm Feb 17, 2021 9:18pm

Abeeha
Joined May 2019 | Status: Give respect to every one | 354 Posts

Quoting navk

Disliked

above 3850, one can expect 3900 first, R1 IMO

Ignored

Thank you navk brother for sharing info

Post #578,689
Quote
Feb 17, 2021 9:21pm Feb 17, 2021 9:21pm

navk
Joined Oct 2010 | Status: Trader | 16,002 Posts | Online Now

IF the price breaks 3850, one can expect retest of yesterday lows.

Intraday only.

Post #578,690
Quote
Feb 17, 2021 9:23pm Feb 17, 2021 9:23pm

Abeeha
Joined May 2019 | Status: Give respect to every one | 354 Posts

Quoting navk

Disliked

IF the price breaks 3850, one can expect retest of yesterday lows.

Ignored

Its mean price must need to break 1.3850 for down side trend

Post #578,691
Quote
Feb 17, 2021 9:56pm Feb 17, 2021 9:56pm

MTF Test
Joined May 2008 | Status: I Loose, I Win, I Conquer | 1,682 Posts

Could this be a start of a downtrend ?

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Fools Rushing

Post #578,692
Quote
Feb 17, 2021 10:00pm Feb 17, 2021 10:00pm

DailyChart
Joined Nov 2013 | Status: Equilibrium Zones | 2,356 Posts

Quoting MTF Test

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Could this be a start of a downtrend ? {image}

Ignored

Pretty boy

Post #578,693
Quote
Feb 17, 2021 10:14pm Feb 17, 2021 10:14pm

MTF Test
Joined May 2008 | Status: I Loose, I Win, I Conquer | 1,682 Posts

Quoting DailyChart

Disliked

{quote} Pretty boy

Ignored

oh my god.. u r back from the dead,

Fools Rushing

Post #578,694
Quote
Feb 17, 2021 10:34pm Feb 17, 2021 10:34pm

Sang.Real
| Additional Username | Joined Mar 2020 | 1,607 Posts

Anyone here from North Korea.

This guy is very smart even smarter than US fund manager.

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Post #578,695
Quote
Feb 17, 2021 10:54pm Feb 17, 2021 10:54pm

DailyChart
Joined Nov 2013 | Status: Equilibrium Zones | 2,356 Posts

I am from north dubai,maybe can be help you

Post #578,696
Quote
Feb 17, 2021 10:56pm Feb 17, 2021 10:56pm

DailyChart
Joined Nov 2013 | Status: Equilibrium Zones | 2,356 Posts

Quoting MTF Test

Disliked

{quote} oh my god.. u r back from the dead,

Ignored

No dear,I am just back from my third wife bed ,,

Post #578,697
Quote
Feb 17, 2021 11:16pm Feb 17, 2021 11:16pm

iamawaited
| Joined May 2016 | Status: Big Bears All the Way! | 221 Posts

GBP and AUD still at the peak of my daily range & USD is very strong presently. No need betting against that.. So i attack GBP & AUD by selling them hoping for a pip splash stinker!

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