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Cable Update (GBPUSD)

  • #583,421
  • Mar 12, 2021 2:33am Mar 12, 2021 2:33am
Quoting Sang.Real
{quote} GU I HOPE by adding more position, it will help to push the price higher. Any idea ? Comment are welcome. Thanks Sang Real {image}

GU

Trade not doing well

SNR Level cannot hold the support

May have to bail out this trade soon.

Attached Image (click to enlarge)
Click to Enlarge Name: gu 115.jpg Size: 264 KB
  • #583,422
  • Mar 12, 2021 2:35am Mar 12, 2021 2:35am
Quoting Sang.Real
{quote} GU I HOPE by adding more position, it will help to push the price higher. Any idea ? Comment are welcome. Thanks Sang Real {image}
I hope you're joking. All retail together won't move the market.
  • #583,423
  • Mar 12, 2021 2:38am Mar 12, 2021 2:38am
Quoting Sang.Real
{quote} GU I HOPE by adding more position, it will help to push the price higher. Any idea ? Comment are welcome. Thanks Sang Real {image}

Lol, I doubt it with the amount you are trading, but your broker may be hedging their net position out into the wider market via an algo, but I doubt that too as whatever % of retail traders lose (76% ish they generally publish) so why would they? My chart above shows the potential upside obstacles, There are clearly buyers in that dark blue zone ( a prev 1hr sw lo x 2 zone = prev supp = pot sup,) but so far pullbacks are shallow/small since the fall started from the asian session 4005 hi. Good luck with it.
Trader with an Edge.
  • #583,424
  • Mar 12, 2021 2:40am Mar 12, 2021 2:40am
Quoting Sang.Real
{quote} GU I HOPE by adding more position, it will help to push the price higher. Any idea ? Comment are welcome. Thanks Sang Real {image}
i would wait until 4h candle close before further decision (add or close)
Peace Yo!
  • #583,425
  • Mar 12, 2021 2:41am Mar 12, 2021 2:41am
Let's see how it plays out
Attached Image (click to enlarge)
Click to Enlarge Name: short.JPG Size: 147 KB
Do more of what works and less of what doesn't
  • #583,426
  • Mar 12, 2021 2:43am Mar 12, 2021 2:43am
Quoting mrluckystar
{quote} i would wait until 4h candle close before further decision (add or close)

Thanks Mr Lucky STAR.

Good advice for newbie , who are exited to trade and adding position.

I will keep that in mind for my future trades.

Thanks for helping Newbie to trade correctly.

Appreciate your help.

Sincerely

Sang Real
  • #583,427
  • Mar 12, 2021 2:45am Mar 12, 2021 2:45am
Quoting KingLi
Let's see how it plays out {image}

Nice Trade King Li.

Doing well there.

Mine is not so handsome trade.

  • #583,428
  • Mar 12, 2021 2:51am Mar 12, 2021 2:51am
Game over
Show me the money
https://m.youtube.com/watch?v=mBS0OWGUidc
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 03-12-2021 10.49_1.jpg Size: 128 KB
yes yes yes
  • #583,429
  • Mar 12, 2021 2:51am Mar 12, 2021 2:51am
Quoting Headland
{quote} Lol, I doubt it with the amount you are trading, but your broker may be hedging their net position out into the wider market via an algo, but I doubt that too as whatever % of retail traders lose (76% ish they generally publish) so why would they? My chart above shows the potential upside obstacles, There are clearly buyers in that dark blue zone ( a prev 1hr sw lo x 2 zone = prev supp = pot sup,) but so far pullbacks are shallow/small since the fall started from the asian session 4005 hi. Good luck with it.

Thanks Head Land.

I always admire your posting and view on GU.

You're right about the market size and capitalization.

My two or three position wouldn't move the market even 0.001 pips.

It's just wishful thinking, price may want to go up.

As I'm SNR trader, I use Support level to find long entry ( in this trade).

Now, I'm stuck with this stupid trade with three losing position.

How to bail out soon out of this trade and set for another trade later.

Thanks again and keep up your excellent work helping fellow traders here ( especially Newbie)

Sincerely

Sang Real
  • #583,430
  • Mar 12, 2021 2:52am Mar 12, 2021 2:52am
Quoting KingLi
Let's see how it plays out {image}
closed with a small profit, I will just wait for the NY Session.

Good luck y'all
Do more of what works and less of what doesn't
  • #583,431
  • Mar 12, 2021 2:53am Mar 12, 2021 2:53am
Quoting Moty
Game over Show me the money https://m.youtube.com/watch?v=mBS0OWGUidc {image}

Good Job Moty.

Please share your GU chart.

Thanks for helping Newbie.


Sang Real
  • #583,432
  • Mar 12, 2021 2:56am Mar 12, 2021 2:56am
Quoting redoan
{quote} I hope you're joking. All retail together won't move the market.

Hi Ridwan.


Ha ha ha


Can all the retail traders around the globe gang up and GANG BANG the Market Maker ?.

People Power can bring the Government Down.

People Power can bring Market Maker down.

Can we do it together ?.

  • #583,433
  • Mar 12, 2021 3:01am Mar 12, 2021 3:01am
Not saying it will happen but I'd like to see dxy head down to the green area so I can short GU again
Attached Image (click to enlarge)
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  • #583,434
  • Mar 12, 2021 3:01am Mar 12, 2021 3:01am
Quoting Sang.Real
{quote} Hi Ridwan. Ha ha ha Can all the retail traders around the globe gang up and GANG BANG the Market Maker ?. People Power can bring the Government Down. People Power can bring Market Maker down. Can we do it together ?.
Soros did it in the past, the bank of England was in trouble. You need deep pockets my friend.
  • #583,435
  • Mar 12, 2021 3:05am Mar 12, 2021 3:05am
H1 broke the trendline.. retest and fly (classic move)
usdx
Attached Image (click to enlarge)
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Peace Yo!
  • #583,436
  • Mar 12, 2021 3:06am Mar 12, 2021 3:06am
Quoting redoan
{quote} Soros did it in the past, the bank of England was in trouble. You need deep pockets my friend.

Yeah

I read about Soros.

Not just England.

He does to Singapore, Indonesia, Malaysia, Thailand to their knees.

Some country has to pegged the currency to protect from Soros attack.

Malaysia loss around USD80billion from that attack.

He's my hero.


  • #583,437
  • Mar 12, 2021 3:08am Mar 12, 2021 3:08am
Quoting mrluckystar
H1 broke the trendline.. retest and fly (classic move) usdx {image}
Agreed..classic move
  • #583,438
  • Mar 12, 2021 3:11am Mar 12, 2021 3:11am
Quoting Sang.Real
{quote} Thanks Head Land. I always admire your posting and view on GU. You're right about the market size and capitalization. My two or three position wouldn't move the market even 0.001 pips. It's just wishful thinking, price may want to go up. As I'm SNR trader, I use Support level to find long entry ( in this trade). Now, I'm stuck with this stupid trade with three losing position. How to bail out soon out of this trade and set for another trade later. Thanks again and keep up your excellent work helping fellow traders here...
Honestly I think your long will be fine, good analysis, I was in two minds but it seems to be building, I haven't bitten yet I'll wait for confirmation. Just my opinion when momentum is like that I like to wait for the move to be confirmed before biting, I do break that rule a lot though
  • #583,439
  • Mar 12, 2021 3:13am Mar 12, 2021 3:13am
Quoting mysterio
Not saying it will happen but I'd like to see dxy head down to the green area so I can short GU again {image}
that would be ideal!!
Insane in the Brain..
  • #583,440
  • Mar 12, 2021 3:16am Mar 12, 2021 3:16am
Quoting Sang.Real
{quote} GU I HOPE by adding more position, it will help to push the price higher. Any idea ? Comment are welcome. Thanks Sang Real {image}
how big is your position that you are willing to add? 40 000 lots?
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