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Cable Update (GBPUSD)

  • #585,841
  • Mar 24, 2021 3:51am Mar 24, 2021 3:51am
Quoting Georginson
{quote} Ouch... Please do me a favour and tell me when 70 pips draw down has become a problem for a swing trade... Bury your ego and type meaningful things.

Swing trade or not 70 pips is a huge drawdown by any standards no need to get personal
Follow The Markets Structure - Patience and Discipline
  • #585,842
  • Mar 24, 2021 3:55am Mar 24, 2021 3:55am
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yes yes yes
  • #585,843
  • Mar 24, 2021 3:56am Mar 24, 2021 3:56am
Quoting pipfarm
{quote} Swing trade or not 70 pips is a huge drawdown by any standards no need to get personal

This is not the problem. 70 pips of a draw-down is OK. I think for most.

I will start making calls exactly in the style Georgie is making.

One call for the day traders (UP) and one call for the swing traders (DOWN).

Then will point out the call that made it right!

I think, this is the real problem...

Just watch me how good I can also be, with my daily and swing calls!
Maadik Hugiis. IQ 69.
  • #585,844
  • Mar 24, 2021 3:57am Mar 24, 2021 3:57am
#GBPUSD / H4
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  • #585,845
  • Mar 24, 2021 4:11am Mar 24, 2021 4:11am
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Maadik Hugiis. IQ 69.
  • #585,846
  • Mar 24, 2021 4:12am Mar 24, 2021 4:12am
.. 5min bearish hidden div is present now but it's above the 61.8% of the last 1hr swing hi-lo 3722-3674, so not optimum.
Trader with an Edge.
  • #585,847
  • Mar 24, 2021 4:13am Mar 24, 2021 4:13am
Negotiating more shorts here at 1.37146. If it works out, 1.3200 is my final target
SS
  • #585,848
  • Mar 24, 2021 4:13am Mar 24, 2021 4:13am
How is the Life running in the Room

I Miss Her you know who --- you dont want to know
  • #585,849
  • Edited 4:26am Mar 24, 2021 4:15am | Edited 4:26am
Quoting MoneyZilla
{quote} This is not the problem. 70 pips of a draw-down is OK. I think for most. I will start making calls exactly in the style Georgie is making. One call for the day traders (UP) and one call for the swing traders (DOWN). Then will point out the call that made it right! I think, this is the real problem... Just watch me how good I can also be, with my daily and swing calls!
I get nervous at 6 pips of drawdown, haha. I don't think i've exceeded 20. Different folks different strokes

Weeell I missed my one buying opp this morning, BE then popped up. For now I think I'll just wait and see. Maybe we see some accumulation/ranging around here for a bit. I struggle to see it breaking past this area today, but anything can happen.

I'm personally not interested in selling for the time being
  • #585,850
  • Mar 24, 2021 4:17am Mar 24, 2021 4:17am
Hi MoneyZilla what kind of software gives those numbers?
  • #585,851
  • Mar 24, 2021 4:19am Mar 24, 2021 4:19am
Cyper..
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Peace Yo!
  • #585,852
  • Mar 24, 2021 4:20am Mar 24, 2021 4:20am
I'm gonna make a prediction here......
Some of you WILL MAKE money, and some of you WILL LOSE money.

Now, cut out all this nonsense about who's right/wrong and simply focus on making money. At the end of the day, most of us don't really care if you made the right/wrong trade call.
Lost....
  • #585,853
  • Mar 24, 2021 4:26am Mar 24, 2021 4:26am
Quoting pipfarm
{quote} Swing trade or not 70 pips is a huge drawdown by any standards no need to get personal
Is 4h 1.5 - max 2 ATR(14) huge?
Air force
  • #585,854
  • Mar 24, 2021 4:27am Mar 24, 2021 4:27am
Quoting mikec13845
Hi MoneyZilla what kind of software gives those numbers?

It is a private indicator. Not uber accurate, as the last two h4 candles stayed at 80... yet, she really indicates the turn movement is approaching soon. Also, she does not say anything about how many pips the new direction will be, unfortunately... it is just a dir change indication and nothing more.
Maadik Hugiis. IQ 69.
  • #585,855
  • Mar 24, 2021 4:30am Mar 24, 2021 4:30am
Do not sell before 1.3780-90s

GU bounced from monthly support, daily have good range to bounce and weekly oversold, bounce up can be to take a breath.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #585,856
  • Mar 24, 2021 4:34am Mar 24, 2021 4:34am
Let the ping pong game start
  • #585,857
  • Mar 24, 2021 4:36am Mar 24, 2021 4:36am
3759-67 can see some sellers imo. Maybe a 100 pip range between there and the low.
  • #585,858
  • Mar 24, 2021 4:36am Mar 24, 2021 4:36am
if it breaks , it will 60-80 pips up
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yes yes yes
  • #585,859
  • Mar 24, 2021 4:40am Mar 24, 2021 4:40am
Here's another tip I learned from Roszey (and I understand why he doesn't post here that often anymore) and Georginson.......

This pair, on average has an AVERAGE WEEKLY RANGE of 200p, sometimes 250p.
Having said that, it has already hit this range at 1.3678, so naturally it has to bounce.
However, we are only on a Wednesday so 1 of 2 scenarios might be in play:
1) this will range between 3678 - 3800, or
2) this will eventually break down to 3650 this week

You decide for you accounts and practice good MM. I'm out!
Lost....
  • #585,860
  • Mar 24, 2021 4:40am Mar 24, 2021 4:40am
Quoting helioss
For scalpers.... {image}
...update
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