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Cable Update (GBPUSD)

  • #579,381
  • Feb 19, 2021 7:59am Feb 19, 2021 7:59am
Quoting TerpFan2
{quote} Now is the Beginning of the Time we "SHORT" here Georginson... Pip Farm may scold me on my "Fractals" here, because i DO see the strength of the Monthly & Weekly, TF's. However, equally as well, i also see a lonnnng tired, Weekly, Daily set of charts.{image} My best gang, Jeff
Careful mate, the bulls in this thread might attack us fiercely... You need to do the needful which is to congratulate them as they deserve it, then we discuss our bear attack later.
Data + Stat + Risk/Emotions Management
  • #579,382
  • Feb 19, 2021 8:01am Feb 19, 2021 8:01am
Quoting DarylR
need some advice, i (stupidly) shorted GPBUSD 7th sept, should have cashed it out when i was c.£450 in profit but didn't check it for ages and by Nov i was in red. i held. obviously im now looking at minimising my loss but its been on a real run. i imagine its due a correction but where realistically do we expect it to fall to? i have spare funds to hold it but realistically i dont see it coming back down so just looking to close with the lowest loss possible.
If you are patient to hold a position since September 2020 then you should be patient to hold it till March or mid April, you have quite a realistic chance of seeing 1.3300 by this given time.
Data + Stat + Risk/Emotions Management
  • #579,383
  • Feb 19, 2021 8:01am Feb 19, 2021 8:01am
Quoting TerpFan2
{quote} Now is the Beginning of the Time we "SHORT" here Georginson... Pip Farm may scold me on my "Fractals" here, because i DO see the strength of the Monthly & Weekly, TF's. However, equally as well, i also see a lonnnng tired, Weekly, Daily set of charts.{image} My best gang, Jeff

Looks like you have the subdivisions spot on, i will not guess or predict when the market turns to the short side but i am sure price will lead us there at some point.

I would be more than happy if Georginson is right and we see a gradual 800 pip drop,, volatility is what makes this work worth doing,
Follow The Markets Structure - Patience and Discipline
  • #579,384
  • Feb 19, 2021 8:03am Feb 19, 2021 8:03am
anyone Gold?

it went from 1772 to 1785 in 6 minutes
  • #579,385
  • Feb 19, 2021 8:03am Feb 19, 2021 8:03am
Quoting Georginson
{quote} Careful mate, the bulls in this thread might attack us fiercely... You need to do the needful which is to congratulate them as they deserve it, then we discuss our bear attack later.
Prop's Georginson...
You're quite the Gentleman here. I do Hear you- In fact i was a said, "Bull", up to 1.3949 "Area",
and figured that was one part of our End of Wave Scenario's... I took a short there, which worked
out a 'tad, now back again, where the Pride & the Meat on the Bone is Deeper! Ha!
-We shall see. Great to hear from you Georginson,
'Best of Pipping my friend & all,

Jeff P.S. Moty Get out that Hammer at any Desired time you see fit! !
I will work to Objectively Identify my Edges
  • #579,386
  • Feb 19, 2021 8:06am Feb 19, 2021 8:06am
Quoting Legend580
{quote} My account washout lost my money
Felt it bro.
Last few years ago, me myself also lost all of my money
But still, we all can learn from the past and mistakes.
Cheer up, hope you get a profit by this month!
  • #579,387
  • Feb 19, 2021 8:07am Feb 19, 2021 8:07am
Quoting pipfarm
{quote} Looks like you have the subdivisions spot on, i will not guess or predict when the market turns to the short side but i am sure price will lead us there at some point. I would be more than happy if Georginson is right and we see a gradual 800 pip drop,, volatility is what makes this work worth doing,
Yeah,
I sUPER appreciate your Attention to Detail on those bigger TF Fractals.
EVEN the "DAILY" was a 'Son of a Gun' to Stare at a week or two ago, vs. the Monthly,
and weekly. -I will admit i got tripped up on the "Daily". The weekly Led the way for me.

My best Pipfarm. Love your thread,
I've just been busy off FF for a bit.
Have a Great Week,
My Best Pip,

Jeff P.S. And i will Underscore- for those interested check Pip Farms Thread, and other's more Senior. -Great Stuff to Glean~!
I will work to Objectively Identify my Edges
  • #579,388
  • Feb 19, 2021 8:10am Feb 19, 2021 8:10am
Quoting Georginson
{quote} If you are patient to hold a position since September 2020 then you should be patient to hold it till March or mid April, you have quite a realistic chance of seeing 1.3300 by this given time.
Thanks! i can of course hold, im considering doubling down and shorting from its current position that way ill only have to get roughly half the way back down to break even
  • #579,389
  • Feb 19, 2021 8:11am Feb 19, 2021 8:11am
Quoting Ehsank78
anyone Gold? it went from 1772 to 1785 in 6 minutes
Yea, I posted my buy level yesterday, it's about to start a bullish run imo, it failed to break 1762

However this level is resistance (1785ish) so dont buy here
  • #579,390
  • Feb 19, 2021 8:13am Feb 19, 2021 8:13am
Long on gold from 1774. Next week 1825?
We cut the winners short and let the losers run.
  • #579,391
  • Feb 19, 2021 8:13am Feb 19, 2021 8:13am
Quoting Ehsank78
anyone Gold? it went from 1772 to 1785 in 6 minutes
i told you to take it
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yes yes yes
  • #579,392
  • Feb 19, 2021 8:15am Feb 19, 2021 8:15am
Quoting abconqq7
{quote} My number of lot is smaller than you. We need to thank Tim_isoara and BeeTogether and many others. More pips are coming
Hi my friend. Yesterday I was also short and thought I made profit in the end. I was wrong. I made a loss of about 0,20$. So congrats taking my money .

Don't ask my how I do it but these are my trades for today so far:

Attached Image
  • #579,393
  • Feb 19, 2021 8:16am Feb 19, 2021 8:16am
Counter trend trade. Very dangerous....

Short in at 1.4018 target 10 pips or so
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Don't trade what you think. Just what you see!!!
  • #579,394
  • Feb 19, 2021 8:19am Feb 19, 2021 8:19am
Quoting mysterio
{quote} Yea, I posted my buy level yesterday, it's about to start a bullish run imo, it failed to break 1762 However this level is resistance (1785ish) so dont buy here
all morning im buying this shit.. every time im up 200-500 dollar and close it on few dollars after reverse form 1775.
I knew it will fly, and i close it just after the break because it drive me crazy.. burn 1775.. hate this intraday level
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  • #579,395
  • Feb 19, 2021 8:25am Feb 19, 2021 8:25am
Quoting Theoak
Counter trend trade. Very dangerous.... Short in at 1.4018 target 10 pips or so {image}
Haha, you always take the trades too late. I'm out. Have you checked if you really make profit with that style in longterm or is it 50/50?

I hope for a new high today - to short again. Nothing can bring my on buying that train. I expect a drop to at least 1,3960. But yes, the buying power is enourmous. LEt's go us boys. Let's see if they fake in more buyers and let it finally drop. Not sure if they have the balls to do that or crash the market directly to 1,3990 at least.
  • #579,396
  • Feb 19, 2021 8:27am Feb 19, 2021 8:27am
Quoting gatenio
{quote} all morning im buying this shit.. every time im up 200-500 dollar and close it on few dollars after reverse form 1775. I knew it will fly, and i close it just after the break because it drive me crazy.. burn 1775.. hate this intraday level {image}
wtf. That's crazy. That market is so rigged. I think longing gold is always correct.
  • #579,397
  • Feb 19, 2021 8:30am Feb 19, 2021 8:30am
Quoting Theoak
Counter trend trade. Very dangerous.... Short in at 1.4018 target 10 pips or so {image}
Out - took the pips.
Attached Image (click to enlarge)
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Don't trade what you think. Just what you see!!!
  • #579,398
  • Feb 19, 2021 8:30am Feb 19, 2021 8:30am
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yes yes yes
  • #579,399
  • Edited 8:58am Feb 19, 2021 8:31am | Edited 8:58am
Hopefully correction time, ride the waves down, then get in at the bottom for the next bull wave!

This entry was just a TL from the last 2 highs on the 4h and projecting it up, obviously you have to set your stops to BE quickly with these kinds of scalp entries and be prepared to get stopped out BE a lot, however i'm gonna suggest this is the high for the week (although I did think 1.40 would hold)

Although if i'm back editing this post out at BE I will not be shocked. Next week I expect fresh highs, lets see

EDIT- took 20 pips
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  • #579,400
  • Feb 19, 2021 8:32am Feb 19, 2021 8:32am
Quoting JackintheBox
{quote} Hi my friend. Yesterday I was also short and thought I made profit in the end. I was wrong. I made a loss of about 0,20$. So congrats taking my money . Don't ask my how I do it but these are my trades for today so far: {image}
Hello, today you didn't angry with the trade? Haha, you are so funny
Damage
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