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Cable Update (GBPUSD)

  • #580,561
  • Feb 25, 2021 6:29am Feb 25, 2021 6:29am
Quoting Sang.Real
{quote} GOLD Three hours in the dead water. Must add position to make this gold fly. {image} {image}

GOLD


Should... I cut now ?

Any view and comment welcome for educational purposes.


Thank You
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  • #580,562
  • Feb 25, 2021 6:29am Feb 25, 2021 6:29am
Quoting Sang.Real
{quote} GU Regroup Counter attack ? {image} Is it a wise move to go LONG again ?........... Any view/comment are welcome
You have that area for reentry. You entry is 12 pips higher of that area.
  • #580,563
  • Feb 25, 2021 6:33am Feb 25, 2021 6:33am
Quoting SteadyAsItGo
{quote} just one question why all the lots you enter not solid number for example 0.49 why not go for 0.5

I have to manage the lot size to limit my exposure to max 1.5% risk of my capital.

Have other trade too in Forex and Index ( not shown in this thread).

Whenever have an extra fund in my account , I have algo to calculate for me the risk (max loss & draw down) to match with the capital available to trade, subject to max 1.5%.

It is basically to limit losses and managing my capital. Simple stuff

The numbers are varies according to algo stats.

Hope it is clear for you.
  • #580,564
  • Feb 25, 2021 6:35am Feb 25, 2021 6:35am
Quoting Tim_isoara
{quote} You have that area for reentry. You entry is 12 pips higher of that area.

My ALGO don't trade for me

It is used to manage capital.

Currently, it doesn't allow me to enter additional trade for GOLD.....

One day I will hack my own algo to by pass it.....
  • #580,565
  • Feb 25, 2021 6:35am Feb 25, 2021 6:35am
GU is in a strong uptrend....shorts are risky but in case it wants to retrace i am looking at these areas. Blocks are still waiting to be retested.
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Twitter: Rummer_grapes
  • #580,566
  • Feb 25, 2021 6:35am Feb 25, 2021 6:35am
Quoting Moty
{image} {image}
I agree with this chart.
Intraday only.
  • #580,567
  • Feb 25, 2021 6:40am Feb 25, 2021 6:40am
gu has 3 supportive TL and 3 SL to break in order to go down.
if it happens to break 1.41211 my target will be 1.40801.
but as i said it's a choppy day. let's see if US can make a good move (up/or down).
stay cool
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If you don't know how to earn money, don't loose it.
  • #580,568
  • Feb 25, 2021 6:42am Feb 25, 2021 6:42am
Still trapped in the channel, dollar being stubborn

Still holding short, stop to BE
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  • #580,569
  • Feb 25, 2021 6:46am Feb 25, 2021 6:46am
Quoting navk
{quote} I agree with this chart.

Thanks NAVK.

Even tho's it is meant for Moty, but I appreciate your view on GU.

I need to re-look my open position in GU , as I've re-enter on long side for GU.

Keep up the good work Bro , helping Newbie , especially like me.

May the Force Be With YOU.


Attached Image
  • #580,570
  • Feb 25, 2021 6:57am Feb 25, 2021 6:57am
Quoting coolmakina
{quote} 1H Vegas would do you good.
  • #580,571
  • Feb 25, 2021 7:11am Feb 25, 2021 7:11am
IMO, If it won't go down till 1.408 for next 3 hour, i think 1.421-1.422 in my mind. I could be wrong.
Everything is possible but not guaranteed
  • #580,572
  • Feb 25, 2021 7:12am Feb 25, 2021 7:12am
Quoting genadi
{quote}
no kidding... with old 1h vegas setup you would be long from here...
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If you don't know how to earn money, don't loose it.
  • #580,573
  • Edited 7:34am Feb 25, 2021 7:17am | Edited 7:34am
.... updating charts.... price has found support again in the prev 30min sw hi = prev res=pot rbs that has now formed as a 1hr prev sw lo down to 4121 =prev supp=pot supp, and these have been tested again in the last drop down to them from that 1hr prev sw hi to 4175=prev res=pot res, where buyers were again encountered at the steepest 1hr ascending t/line. . This is shown on 1hr below. There are of course fibs of main/major upmoves to 4242 @ and below y/day's 4082 lo, not shown on 1hr chart shown.

A break of that triangle one way or the other might be instructive? Rangy old day so far!

1hr below.
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Trader with an Edge.
  • #580,574
  • Feb 25, 2021 7:25am Feb 25, 2021 7:25am
5 MINS for important employment data
the drop is defiantly coming
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yes yes yes
  • #580,575
  • Feb 25, 2021 7:28am Feb 25, 2021 7:28am
Quoting Moty
5 MINS for important employment data the drop is defiantly coming {image}
Please put another big hammer bro...
Everything is possible but not guaranteed
  • #580,576
  • Feb 25, 2021 7:35am Feb 25, 2021 7:35am
Quoting Passenger12
{quote} Please put another big hammer bro...
it's breaking down
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Inserted Video
yes yes yes
  • #580,577
  • Feb 25, 2021 7:38am Feb 25, 2021 7:38am
Quoting Moty
{quote} it's breaking down {image} https://www.youtube.com/watch?v=mBS0...el=cowboy58824
I think everyone know that when you say this, it is the long signal, haha
Damage
  • #580,578
  • Feb 25, 2021 7:38am Feb 25, 2021 7:38am
The pair might want to test 1.420 - 1.4209....
Lost....
  • #580,579
  • Feb 25, 2021 7:49am Feb 25, 2021 7:49am
Needs a solid break above 4170 or a drop below 4120. The US data was mix bagged too. Could be one of those days
Insane in the Brain..
  • #580,580
  • Feb 25, 2021 7:52am Feb 25, 2021 7:52am
Quoting Moty
{quote} it's breaking down {image} https://www.youtube.com/watch?v=mBS0...el=cowboy58824
Tell us next time faster, we know what to do, haha
Damage
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