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  • #621
  • Mar 11, 2021 10:13pm Mar 11, 2021 10:13pm
Quoting Kaysole
{quote} Closed my buy [email protected] and opened a sell position immediately. I have a feeling it's going down to make a new low for the day.
I was wrong about making a new low for the day. However, I'm still holding my short position as I see price heading down to at least 1.3915.
  • #622
  • Mar 11, 2021 10:17pm Mar 11, 2021 10:17pm
Quoting RCtrader
Hello! I would like to join you guys in this thread. I have spent 3 and a half years burning accounts but now I aim to trade safely and with consistent profits. I hope I will turn into a successful trader one day and have more than a million dollars in my trading account. Cheers!
Welcome to the thread RCtrader....I, myself, have burned more accounts than I care to remember. Anyways, I think now is a good time to call in your lovely bears for a ride (at least temporarily).
  • #623
  • Mar 11, 2021 10:20pm Mar 11, 2021 10:20pm
Quoting trumps
Potential bounce area below {image} {image}
I'm also expecting a bounce more or less the same area as your rectangle.
  • #624
  • Mar 11, 2021 10:51pm Mar 11, 2021 10:51pm
This is my longer term plan for cable.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4 (long term).png Size: 60 KB
  • #625
  • Edited 11:13pm Mar 11, 2021 10:57pm | Edited 11:13pm
Quoting Kaysole
{quote} Welcome to the thread RCtrader....I, myself, have burned more accounts than I care to remember. Anyways, I think now is a good time to call in your lovely bears for a ride (at least temporarily).
Good thing I woke up early. I've already banked 10 pips on eurusd.
Go my wonderful bears and bring me the pips.
Risk Management is of utmost importance!
  • #626
  • Mar 12, 2021 12:22am Mar 12, 2021 12:22am
Quoting JayBag
Hello Everyone, Welcome to Traders with Trade Explorer (LIVE). The idea of the thread is to accommodate all traders with a LIVE TE display. I have put up a few rules to guild us Rules: Only Traders with a Live TE are allowed to post on here. Respect fellow traders at all times All major pairs and ideas can be discussed here Jokes are welcome Above are the simple rules I would like all participants to kindly follow in other to maintain sanity on this thread. I will probably add on as time goes. Note: The thread should not be considered...
Haven't seen you post in a while...I hope that everything is okay.
  • #627
  • Mar 12, 2021 1:46am Mar 12, 2021 1:46am
Quoting Kaysole
{quote} I was wrong about making a new low for the day. However, I'm still holding my short position as I see price heading down to at least 1.3915.
Price finally reached 1.3915 and now I'm expecting it to rise to 1.4040.
  • #628
  • Mar 12, 2021 1:57am Mar 12, 2021 1:57am
Quoting Kaysole
{quote} Price finally reached 1.3915 and now I'm expecting it to rise to 1.4040.
Good work Kaysole
Compulsions can be hard to resist
  • #629
  • Mar 12, 2021 2:02am Mar 12, 2021 2:02am
Quoting Kaysole
{quote} Price finally reached 1.3915 and now I'm expecting it to rise to 1.4040.
The price reached 200SMA on H1 but it looks like a falling knife to me.
Risk Management is of utmost importance!
  • #630
  • Mar 12, 2021 2:43am Mar 12, 2021 2:43am
Quoting trumps
{quote} Good work Kaysole
Thank you trumps. You also anticipated a bounce in the same area...let's hope we're both correct.
  • #631
  • Mar 12, 2021 2:46am Mar 12, 2021 2:46am
Quoting RCtrader
{quote} The price reached 200SMA on H1 but it looks like a falling knife to me.
You're right, it does look like a falling knife. I could be totally wrong about this (as I have been many times in the past). But I believe price will make another push higher to take out last week's high and then start dropping.
  • #632
  • Mar 12, 2021 2:51am Mar 12, 2021 2:51am
Quoting Kaysole
{quote} You're right, it does look like a falling knife. I could be totally wrong about this (as I have been many times in the past). But I believe price will make another push higher to take out last week's high and then start dropping.
It really bounced, I am curious to see how far it will go.
Risk Management is of utmost importance!
  • #633
  • Mar 12, 2021 3:45am Mar 12, 2021 3:45am
Quoting RCtrader
{quote} It really bounced, I am curious to see how far it will go.
It made 20 pips, that's fair for a day trader like me.
Risk Management is of utmost importance!
  • #634
  • Mar 12, 2021 7:09am Mar 12, 2021 7:09am
A stronger rejection took place from the 200SMA on H4. And as usual, I had cold feet and didn't take it. lol
Risk Management is of utmost importance!
  • #635
  • Mar 12, 2021 8:00am Mar 12, 2021 8:00am
Although my last buy positions in cable weren't too bad, my first 3 entries were horrible to say the least. I really should be more disciplined instead of jumping the gun and suffering a drawdown most of the day. I hope my target isn't as bad as my entries.
  • #636
  • Mar 12, 2021 8:02am Mar 12, 2021 8:02am
Quoting RCtrader
A stronger rejection took place from the 200SMA on H4. And as usual, I had cold feet and didn't take it. lol
Attached Image
  • #637
  • Mar 13, 2021 5:21pm Mar 13, 2021 5:21pm
Still majority short GBPUSD
https://www.forexfactory.com/trades#...ions-details=6
Compulsions can be hard to resist
  • #638
  • Mar 14, 2021 12:12am Mar 14, 2021 12:12am
Quoting Kaysole
This is my longer term plan for cable. {image}
Price went down much further than I had anticipated (around 50 pips), but since the low of March 10 hasn't been breached yet, I still believe price will shoot up above 1.4017.

However, on Monday, I anticipate price to drift lower (a retracement after that push up at the end of the trading session on Friday) to 1.3885-92 and from there, head up to my target of 1.4040.

Afterwards, I expect a drop to below 1.3775, taking out the double bottom of February 12 and March 5.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4 (anticipation 2).png Size: 60 KB
  • #639
  • Edited 2:04am Mar 15, 2021 1:52am | Edited 2:04am
GBPUSD was a disappointment today to me.
And so might be the eurusd.
Risk Management is of utmost importance!
  • #640
  • Mar 15, 2021 2:15am Mar 15, 2021 2:15am
Quoting RCtrader
GBPUSD was a disappointment today to me. And so might be the eurusd.
I don't know if you're planning to short cable, but it seems like a retracement of this upmove is in order, so I'm expecting it to go down to at least 1.3920. EUR/USD might go down along with it.
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