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Cable Update (GBPUSD)

  • #579,541
  • Feb 21, 2021 4:23pm Feb 21, 2021 4:23pm
currently you can watch weird dancing of cable on M1
My observation may be wrong but intent correct. Stay calm!
  • #579,542
  • Feb 21, 2021 4:37pm Feb 21, 2021 4:37pm
Quoting edmont03
{quote} Totally agreed!!! I believe for the DXY to start rising we need some fundamentals like the tax rates, and likely to happen on March, in the mean time i will keep buying the pullbacks, unless we have a major news on the UK the trending keep going up !!!
7pm tomorrow Uk time and the roadmap to lifting lockdown should push cable higher.
Insane in the Brain..
  • #579,543
  • Feb 21, 2021 5:16pm Feb 21, 2021 5:16pm
Quoting Sang.Real
{quote} GU Letting the trade over weekends. Target with weekends Gap on Monday. SL in placed. Have a nice weekend. Sang Real {image}

GU


One position taken out by SL ( wide spread in early trading hours)

Another still in play.

Will let the trade run or taken out.
Attached Image (click to enlarge)
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  • #579,544
  • Feb 21, 2021 5:37pm Feb 21, 2021 5:37pm
Quoting sang.real
{quote} gu one position taken out by sl ( wide spread in early trading hours) another still in play. Will let the trade run or taken out. {image}
gbpusd sell 1.40093 sl 140393 tp 1.39793
Like me, cuts losses quickly. But has more patience and lets his winn
  • #579,545
  • Feb 21, 2021 6:27pm Feb 21, 2021 6:27pm
wow so tight to hit stop loss
Like me, cuts losses quickly. But has more patience and lets his winn
  • #579,546
  • Feb 21, 2021 6:34pm Feb 21, 2021 6:34pm
Quoting m.fadly
{quote} gbpusd sell 1.40093 sl 140393 tp 1.39793
hit stop loss -30 pip
Like me, cuts losses quickly. But has more patience and lets his winn
  • #579,547
  • Feb 21, 2021 6:34pm Feb 21, 2021 6:34pm
Everyone watch as it breaks high. That's my call. Maybe I'm wrong but I'm looking for it to go to 1.45.
  • #579,548
  • Feb 21, 2021 6:38pm Feb 21, 2021 6:38pm
Quoting TaoTrader
Everyone watch as it breaks high. That's my call. Maybe I'm wrong but I'm looking for it to go to 1.45.
1.45? or 1.405, 1.45 is quite far away but fair enough if you think it’ll get there
  • #579,549
  • Feb 21, 2021 6:45pm Feb 21, 2021 6:45pm
Quoting coryaaron
{quote} 1.45? or 1.405, 1.45 is quite far away but fair enough if you think it’ll get there
1.45 on a swing trade basis.....not as a day trader :-). But my call for a double bottom and a cup w handle could also be the opposite. Could be a double or triple top forming, in which case it would go down instead. My bias is long right now.
  • #579,550
  • Feb 21, 2021 6:57pm Feb 21, 2021 6:57pm
i think below 1.435 1.400 1.350
stop loss above 1.435
Like me, cuts losses quickly. But has more patience and lets his winn
  • #579,551
  • Feb 21, 2021 6:59pm Feb 21, 2021 6:59pm
Quoting M.Fadly
i think below 1.435 1.400 1.350 stop loss above 1.435
Below 1.435 is a reasonable analysis. Your stop loss target is good too.
  • #579,552
  • Feb 21, 2021 7:04pm Feb 21, 2021 7:04pm
Quoting TaoTrader
{quote} Below 1.435 is a reasonable analysis. Your stop loss target is good too.
i hope so
Like me, cuts losses quickly. But has more patience and lets his winn
  • #579,553
  • Feb 21, 2021 7:25pm Feb 21, 2021 7:25pm
Quoting M.Fadly
{quote} i hope so
As long as you're not over leveraged on a high value per pip trade, you should be fine. Are you a day, swing, or position trader? Once I had a massively leveraged trade that was $75 per pip. I literally sat and stared at the screen for 30 minutes straight. It was intense. I couldn't handle the anxiety of that trade so I closed it with a profit of around $9300 after half an hour. I wasn't using a stop loss or take profit either, because they aren't always necessary. The market was trending strong that day.....it was my finest hour ever as a trader . Havent done anything that risky since, and that was in 2008.
  • #579,554
  • Feb 21, 2021 7:25pm Feb 21, 2021 7:25pm
Quoting TaoTrader
{quote} As long as you're not over leveraged on a high value per pip trade, you should be fine. Are you a day, swing, or position trader? Once I had a massively leveraged trade that was $75 per pip. I literally sat and stared at the screen for 30 minutes straight. It was intense. I couldn't handle the anxiety of that trade so I closed it with a profit of around $9300 after half an hour. I wasn't using a stop loss or take profit either, because they aren't always necessary. The market was trending strong that day.....it was my finest hour ever as...

just scalping
Like me, cuts losses quickly. But has more patience and lets his winn
  • #579,555
  • Feb 21, 2021 7:27pm Feb 21, 2021 7:27pm
Quoting M.Fadly
{quote} just scalping
Oh well then you can do whatever you want LOL. Nothing wrong with scalping.
  • #579,556
  • Feb 21, 2021 7:28pm Feb 21, 2021 7:28pm
Quoting TaoTrader
{quote} Oh well then you can do whatever you want LOL. Nothing wrong with scalping.
ok
Like me, cuts losses quickly. But has more patience and lets his winn
  • #579,557
  • Feb 21, 2021 7:37pm Feb 21, 2021 7:37pm
Shorted 1.4050, round number R2/1h TL retest, TP open, SL at BE already. Maybe we were just taking out the stops above the last high.

Still think we need to correct a bit from here, 1.3950 max target, could be wrong obviously

Pretty sure I'll be out BE when I wake up
  • #579,558
  • Feb 21, 2021 8:50pm Feb 21, 2021 8:50pm
took profit at friday's high
took short
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yes yes yes
  • #579,559
  • Feb 21, 2021 9:01pm Feb 21, 2021 9:01pm
Quoting Moty
took profit at friday's high took short {image}
This pair is undecided right now. It's trying to find its way with the other pairs it correlates with. No clear breakout to either side yet. I still say its going high
  • #579,560
  • Feb 21, 2021 9:45pm Feb 21, 2021 9:45pm
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Woke up at morning and my SL got hit and loss around 70 pips. And imidietly re-entered short position with 0.1 bigger,and now half way to recover. Now i put no SL yet, just wanna see how the price moving at least wait London open. It's quite risky but i think it worth to try for my newbie strategy. On small TF almost show bearish now. Just newbie feeling, the drop will hit 1.396-1.395. IMO, i could be so wrong.
Everything is possible but not guaranteed
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