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Cable Update (GBPUSD)

  • #579,721
  • Feb 22, 2021 8:24am Feb 22, 2021 8:24am
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  • #579,722
  • Feb 22, 2021 8:26am Feb 22, 2021 8:26am
Quoting redoan
{image}
Is this the beginning of the end of London as THE trading capital?
  • #579,723
  • Feb 22, 2021 8:27am Feb 22, 2021 8:27am
gu now
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  • #579,724
  • Feb 22, 2021 8:29am Feb 22, 2021 8:29am
Quoting abconqq7
For those keep shouting hammer, shorting, big flush,... better learn trading from the basics. But if you are aiming 10,20 pip, that's fine

But how one can make money by aiming just 10, 20 short pips in 2 W1 short candles out of 17 total W1 candles (15 long W1s)?

If one is such a great trader? Why he/she did miss to make a lot more on the 15 long W1s?

How one can know how to make 10, 20 pips in a counter trend market and does not know how to make 100, 200 pips in a trending one... and a lot more?

For me? This is ridiculous, to say at least...
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Maadik Hugiis. IQ 69.
  • #579,725
  • Feb 22, 2021 8:36am Feb 22, 2021 8:36am
surely everyone is still buying
right?
in wondering about yourself, you forgot what you came here to be part of
  • #579,726
  • Feb 22, 2021 8:40am Feb 22, 2021 8:40am
Quoting knkie
surely everyone is still buying right?
Volume say YES
  • #579,727
  • Feb 22, 2021 8:40am Feb 22, 2021 8:40am
Quoting knkie
surely everyone is still buying right?
sold at 1.4054, sl 1.4068 risking 0.2%
  • #579,728
  • Feb 22, 2021 8:41am Feb 22, 2021 8:41am
im short now gu
will add if reach 1.41
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  • #579,729
  • Edited 9:09am Feb 22, 2021 8:41am | Edited 9:09am
Quoting knkie
surely everyone is still buying right?
I definitely would be if I wanted to take a position, I see no major reason to short right now.. I don't want to blow my profits today though, lets see tomorrow

DXY about to break a bearish H&S, GBP yields on a tear

If 68 rejects again and makes a double top it might make a short case because of the 4h supply but would be a scalp. However the supply is drawn back to 2018 I dunno how many orders are parked there now

Does look a bit shortable on 5m but I wont take it
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  • #579,730
  • Feb 22, 2021 8:42am Feb 22, 2021 8:42am
Quoting knkie
surely everyone is still buying right?
stopped out

4 trades today : 4 losses
  • #579,731
  • Feb 22, 2021 8:42am Feb 22, 2021 8:42am
Quoting knkie
surely everyone is still buying right?
yes, if i was trading...
on sidelines but setup entry was long...
If you don't know how to earn money, don't loose it.
  • #579,732
  • Feb 22, 2021 8:43am Feb 22, 2021 8:43am
Quoting mysterio
{quote} I definitely would be if I wanted to take a position, I see no major reason to short right now.. I don't want to blow my profits today though, lets see tomorrow DXY about to break a bearish H&S, GBP yields on a tear If 68 rejects again and makes a double top it might make a short case because of the 4h supply but would be a scalp
same thought
If you don't know how to earn money, don't loose it.
  • #579,733
  • Feb 22, 2021 8:43am Feb 22, 2021 8:43am
Quoting genadi
{quote} stopped out 4 trades today : 4 losses
Hard to trade against trend when it is so strong
  • #579,734
  • Feb 22, 2021 8:45am Feb 22, 2021 8:45am
Quoting coolmakina
{quote} yes, if i was trading... on sidelines but setup entry was long...
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If you don't know how to earn money, don't loose it.
  • #579,735
  • Feb 22, 2021 8:45am Feb 22, 2021 8:45am
Quoting genadi
{quote} sold at 1.4054, sl 1.4068 risking 0.2%
you can take a loss with a good SL and risk management.
capital preservation and on to the next trade
in wondering about yourself, you forgot what you came here to be part of
  • #579,736
  • Feb 22, 2021 8:47am Feb 22, 2021 8:47am
Quoting mysterio
{quote} I definitely would be if I wanted to take a position, I see no major reason to short right now.. I don't want to blow my profits today though, lets see tomorrow DXY about to break a bearish H&S, GBP yields on a tear If 68 rejects again and makes a double top it might make a short case because of the 4h supply but would be a scalp
wise decision
preserve profits made and dont risk it on new trades late in the session
in wondering about yourself, you forgot what you came here to be part of
  • #579,737
  • Feb 22, 2021 8:48am Feb 22, 2021 8:48am
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yes yes yes
  • #579,738
  • Feb 22, 2021 8:52am Feb 22, 2021 8:52am
Quoting Moty
{image}
really appreciate you still calling your hammer!
Damage
  • #579,739
  • Feb 22, 2021 8:53am Feb 22, 2021 8:53am
Here i said monthly TP: https://www.forexfactory.com/thread/...5#post13417695

10 pips to target
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  • #579,740
  • Feb 22, 2021 8:56am Feb 22, 2021 8:56am
price is now caught between qRN 1.4075 and previous high 1.40681....
any one scalping the break?
If you don't know how to earn money, don't loose it.
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