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Cable Update (GBPUSD)

  • #579,601
  • Feb 22, 2021 3:07am Feb 22, 2021 3:07am
Quoting ZeroLag
{quote} And there in lies the problem with scalping. I've been trying for 2 or 3 pips. Then had one get away from me for 20. Stung bad, gave like three days back.
This is just bad RR, scalping is fine but you have to cut loose your losers quickly. On cable I need minimum 20 pips for a 10 pip SL but more likely 30/40. Not sure if it's truly scalping at this point
  • #579,602
  • Feb 22, 2021 3:10am Feb 22, 2021 3:10am
Quoting gespiri
{quote} Oh, he'll be showing up anytime soon since the prices are beginning to drop......
Not-KMPG's point was that GU will NOT reach 1.4, not that it will drop. Since it did, he should be a man enough to admit he was wrong.
WT
  • #579,603
  • Feb 22, 2021 3:15am Feb 22, 2021 3:15am
I can tell you every evening H4 daily H1 -GU should drop,during sideways in the night H1 become up again.but sooner or later big drop starts and fast.ifyou look daily.Im affraid to go long.On monthly you can see about 1.43 now,but trend on monthly up,it can be more in some period.Not only 1.41 but 1.43 in period.I think it reach now or some correction.But Gu is crazy.
  • #579,604
  • Feb 22, 2021 3:16am Feb 22, 2021 3:16am
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yes yes yes
  • #579,605
  • Feb 22, 2021 3:18am Feb 22, 2021 3:18am
Quoting mysterio
{quote} This is just bad RR, scalping is fine but you have to cut loose your losers quickly. On cable I need minimum 20 pips for a 10 pip SL but more likely 30/40. Not sure if it's truly scalping at this point
Perhaps your right about the r/r, not sure if you can truly obtain traditional r/r on scalps. I'm going to experiment a tad. Not sure of the definition of scalping, but like I said, trying for 2-3 pips right now. I'm using 1hr charts btw.
Get the Lag out
  • #579,606
  • Feb 22, 2021 3:19am Feb 22, 2021 3:19am
...price has breached the 1hr desc t/line & 38.2% of the drop today to the upside and is now challenging a prev 1hr sw lo zone=prev supp=pot sbr with 50% of the drop today ie 4052-3980 running thru it. 1hr below.
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Trader with an Edge.
  • #579,607
  • Feb 22, 2021 3:22am Feb 22, 2021 3:22am
Quoting Theoak
Too many bad trades for me today. I'm done. What I always find is you get a run of bad luck. When this happens quit or else pay the price of chasing bad money!!!!
Attached Image
  • #579,608
  • Feb 22, 2021 3:24am Feb 22, 2021 3:24am
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Like me, cuts losses quickly. But has more patience and lets his winn
  • #579,609
  • Feb 22, 2021 3:33am Feb 22, 2021 3:33am
Quoting ZeroLag
{quote} Perhaps your right about the r/r, not sure if you can truly obtain traditional r/r on scalps. I'm going to experiment a tad. Not sure of the definition of scalping, but like I said, trying for 2-3 pips right now. I'm using 1hr charts btw.
I was not going for 2 - 3 pips. That was my first one. I was going for 10 pips. I reloaded at a lower price. This is something I do and so with both had a total loss of 20 pips. I was a bit late not getting out as I was writing a post! I have different targets depending on set-up. There are different levels of set-up and this one only ticked one box.
Don't trade what you think. Just what you see!!!
  • #579,610
  • Feb 22, 2021 3:33am Feb 22, 2021 3:33am
Quoting Moty
{image}{image}{image}{image}
Brother same way with you hope we see 1.3930 today
  • #579,611
  • Feb 22, 2021 3:35am Feb 22, 2021 3:35am
Does anyone think we’ll se 1.42 this week?
  • #579,612
  • Feb 22, 2021 3:38am Feb 22, 2021 3:38am
Quoting DailyChart
{quote} {image}
Fried Chicken.... LOL

Luck---- Good (or bad) comes in runs. When you are winning, maybe you should put more money on. When you are losing Maybe you should put less on.

But what do most people do? Double the money trying to win back their losses....
Don't trade what you think. Just what you see!!!
  • #579,613
  • Feb 22, 2021 3:39am Feb 22, 2021 3:39am
...15min bearish hidden div is present so long as 4026/27 holds but you have to ask what trend are you entering after a pullback? as price challenges prev 1hr sw hi zone=prev res=pot res, and 61.8% of the day's drop...chart in post above.
Trader with an Edge.
  • #579,614
  • Feb 22, 2021 3:40am Feb 22, 2021 3:40am
Quoting LilPiip
Does anyone think we’ll se 1.42 this week?
potentially yes. The movement trend is still bullish even though not as strong as last week. What will help is the lockdown measures today
Insane in the Brain..
  • #579,615
  • Feb 22, 2021 3:45am Feb 22, 2021 3:45am
Quoting BeeTogether
{quote} potentially yes. The movement trend is still bullish even though not as strong as last week. What will help is the lockdown measures today
.. there is a fair chance the market has already priced some of this in and a fair chance too that Johnson's statement will be less hawkish than the market hopes for/expects, which could result in pressure on the £. Conversely, if it is a hawkish statement we could see renewed £ interest.
---------------------------------

1hr below.
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Trader with an Edge.
  • #579,616
  • Feb 22, 2021 3:48am Feb 22, 2021 3:48am
Quoting Abeeha
{quote} Brother same way with you hope we see 1.3930 today
Attached Image (click to enlarge)
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yes yes yes
  • #579,617
  • Feb 22, 2021 3:49am Feb 22, 2021 3:49am
Quoting Abeeha
{quote} Brother same way with you hope we see 1.3930 today
as minimum 1.40500 as maximum 1.41
  • #579,618
  • Feb 22, 2021 3:56am Feb 22, 2021 3:56am
Quoting Headland
{quote} .. there is a fair chance the market has already priced some of this in and a fair chance too that Johnson's statement will be less hawkish than the market hopes for/expects, which could result in pressure on the £. Conversely, if it is a hawkish statement we could see renewed £ interest. --------------------------------- 1hr below. {image}

true.. however it seems any positive covid news jolts the market
Insane in the Brain..
  • #579,619
  • Feb 22, 2021 3:58am Feb 22, 2021 3:58am
Quoting BeeTogether
{quote} potentially yes. The movement trend is still bullish even though not as strong as last week. What will help is the lockdown measures today
You know bullish only h1,if look h4 daily weekly drop any moment but with H1 step by step 1.43 is possible.But drop will be fast drop and drop.
  • #579,620
  • Feb 22, 2021 4:00am Feb 22, 2021 4:00am
... gmt+2 4hr candle just closed as below.

... 1Hr looking H&S ish?
Attached Image
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