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Cable Update (GBPUSD)

...just back @ desk updating charts...nice run-up resulting in 1hr hammer candle....1hr below.
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Intraday swing scalper +, via Supp/Res & Pa etc.
Quoting Sang.Real
{quote} GU Patience Spike ( Fake out) to take out SL and pick liquidity. Scalping still on going {image}

GU

continue scalping again

previous position closed at Support zone.
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la hawla wala quwwata illa billah
come on , break it up
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don't try to tell the market where to go , let him tell you
Quoting coolmakina
{quote} i set my SL and turn my back to have a smoke and i miss the up move! well, the day was done anyway, just miss the opportunity! is always better than a loss. You did quite well! Keep them coming! Stay cool.
Cheers! I'm focussing a lot more on cable these days, I was exclusively Euro before but this is giving better paydays.

I'm interested in buying the next dip in cable up to 1.4050ish

Maybe dxy will go to retest pivot then drop again
Read the tape
https://www.mql5.com/en/charts/13551...-group-limited
Quoting Sang.Real
{quote} GU continue scalping again previous position closed at Support zone. {image}
for educational purposes...whatever happens to that trade - I think it was a bad entry as no obvious potential resistance, only a 5/15min prev sw hi...not 30min +, preferably 1hr+ (ie for trading against a move I like to see a 1hr (+) prev sw hi or lo or at the very minimum 30min) ...also the 1st PPA (potential problem area) was too near - ie the prev 30min swing hi = prev res = potential rbs. Just an opinion. G/L with it though - hope it works out for you, but so far a shallow p/back has taken a bounce off the prev 30min sw hi = pot rbs.
Intraday swing scalper +, via Supp/Res & Pa etc.
longs , probably price test liquidity around 1.40
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The only constant is change
Price enters bottom of the prev 1hr/minor 4hr sw hi zone =prev res = pot res to today's current 4006 hi . That desc 4hr t/line is close. 1hr below.
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Intraday swing scalper +, via Supp/Res & Pa etc.
Quoting Student21
{quote} same train. Let's see if it can get it down in 3 hours. Otherwise I'd probably cut profits/losses.
im out already. 20 pips loss. i had to wait for the 1h candle to close, which i didnt and it spiked up. short wasnt good anymore.
Twitter: Rummer_grapes
Congrats! Very nicely timed and reasoned entry! Cable has frustrated me out today so I just went to play basketball with my son while all this nice bull-action took place.

Reverse-trading these long candles can go wrong as well, but this time PA supported reversal quite well.

Quoting mysterio
{quote} Cheers! I'm focussing a lot more on cable these days, I was exclusively Euro before but this is giving better paydays. I'm interested in buying the next dip in cable up to 1.4050ish Maybe dxy will go to retest pivot then drop again
..price has mainly been in 1hr channel below for 24hrs with 3 false b/o's so far...will this upside b/o be true ?
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Intraday swing scalper +, via Supp/Res & Pa etc.
Quoting Headland
..price has mainly been in 1hr channel below for 24hrs with 3 false b/o's so far...will this upside b/o be true ? {image}
I think so, loading up the buys for the next dip, possibly 1.3950ish
Read the tape
Quoting Headland
{quote} for educational purposes...whatever happens to that trade - I think it was a bad entry as no obvious potential resistance, only a 5/15min prev sw hi...not 30min +, preferably 1hr+ (ie for trading against a move I like to see a 1hr (+) prev sw hi or lo or at the very minimum 30min) ...also the 1st PPA (potential problem area) was too near - ie the prev 30min swing hi = prev res = potential rbs. Just an opinion. G/L with it though - hope it works out for you, but so far a shallow p/back has taken a bounce off the prev 30min sw hi = pot rbs....
he had the resistance area well identified for a possible short entry.
i think he just shoot a bit earlier.
+30 min and the entry would be with 0 drawdown atm.
but he is a newbie().
Stay cool.
If you don't know how to earn money, don't loose it.
Quoting Headland
Price enters bottom of the prev 1hr/minor 4hr sw hi zone =prev res = pot res to today's current 4006 hi . That desc 4hr t/line is close. 1hr below. {image}
when you draw those purple zones does it automatically annotate them based on what tf they were drawn or is manually typed up?
"Salaam" means 'Peace' in Arabic so Salaam to you :)
pa now , possible test 1.4091 before tanking , take care
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Quoting Bacco
{quote} im out already. 20 pips loss. i had to wait for the 1h candle to close, which i didnt and it spiked up. short wasnt good anymore.
Clear. I decided to short that big thing. Hanging on it to 1.394 or sth like that.
A trader is as good as his stop loss. Understand your mistakes.
Quoting Amin1422
{quote} when you draw those purple zones does it automatically annotate them based on what tf they were drawn or is manually typed up?
I put them all in manually via the rectangle tool in the MT4 charting toolbar. They are colour coded as to whether they are a previous fractal swing hi or lo just on the t/f it appears on or whether it exists as such as well on the next higher t/f in the t/f combination I use., Ie: 1hr, 4hr, daily, and whether they have held as Supp or Res on a test ie have another at least one fractal swing at them since they formed.

Quoting coolmakina
{quote} he had the resistance area well identified for a possible short entry. i think he just shoot a bit earlier. +30 min and the entry would be with 0 drawdown atm. but he is a newbie(). Stay cool.
Friend, I'm always cool lol! Trading is about being right, at the right time and a 10 plus DD can be your stop when scalping!
Intraday swing scalper +, via Supp/Res & Pa etc.
Quoting Coreg2004
abcongg7, I hold the same view as many traders here (@Moty, @pipfarm, @mysterio and others)...Hopefully market will cooperate with our analysis...if not we will adjust... {image}
continuation of yesterday's thought...
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Always trade your own plan
Quoting Sang.Real
{quote} GU continue scalping again previous position closed at Support zone. {image}

GU

add scalping position
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la hawla wala quwwata illa billah
Quoting Coreg2004
{quote} continuation of yesterday's thought... {image} {image}
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don't try to tell the market where to go , let him tell you
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