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Cable Update (GBPUSD)

  • #586,361
  • Mar 26, 2021 2:18am Mar 26, 2021 2:18am
Quoting Wavegarrick
{quote} Hi Guys, My two sell trade stop losses were taken out, unfortunately. However, I do have a money management plan that I follow. I offset some of my losing trades with winning trades. The net effect is still a profit. In my picture, I have highlighted my 2 losing sell trades with 3 winning trades. I have opened another sell trade at my descending trendline. I would prefer a test of 1.3800. We shall see. {image} I don't specifically look for targets and juggle with my buy trades versus my sell trades. I currently have 4 buy trades versus 8...
Hello, I always love reading your posts. You have really mastered your style. Hence, it is working for you well. Do you really withdraw at all as i see your buy trade has been on for a long time. Thanks
  • #586,362
  • Mar 26, 2021 2:19am Mar 26, 2021 2:19am
Quoting RCtrader
{quote} This doesn't look good. Sad.
it looks wonderful , yesterday was a bullish ingulfing candle , and it broke up
now crooks are playing the game of " don't take long with us , it's a false break , a bulls trap "
but i am staying mf
eu and aussi supported also
Attached Image(s) (click to enlarge)
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yes yes yes
  • #586,363
  • Mar 26, 2021 2:19am Mar 26, 2021 2:19am
Quoting JayBag
Morning Gang, It's Friday and I think we going to have a full-blown bull daily candle. Take it easy, take a break and sip a few coz it's FRIDAY SS Gang
haha , agree with this one . its Friday anything could happen . also we near on candle Monthly close . price may reverse downside upside . so flip the money and believe your set up . haha
my target today must be upside 1.38000 level , to gain my momentum back to 1.42000
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #586,364
  • Mar 26, 2021 2:20am Mar 26, 2021 2:20am
Quoting JayBag
Morning Gang, It's Friday and I think we going to have a full-blown bull daily candle. Take it easy, take a break and sip a few coz it's FRIDAY SS Gang
May i know why you said so please and where are you thinking sell may start again cos i know you still maintain your 1.32
  • #586,365
  • Mar 26, 2021 2:23am Mar 26, 2021 2:23am
1hr shows the potential rbs zone where demand emerged...1hr below.
Attached Image (click to enlarge)
Click to Enlarge Name: 95c4ab5056779f96d7f60b6f2acdac91.png Size: 40 KB
Trader with an Edge.
  • #586,366
  • Mar 26, 2021 2:28am Mar 26, 2021 2:28am
Quoting Nd10
{quote} May i know why you said so please and where are you thinking sell may start again cos i know you still maintain your 1.32
Hi ND,

You got that right.

I try to be loyal to PA hence I will be paying attention to the 1.3800 level carefully. Once it becomes support, then 1.401294 will be the next area to start SELLING again.

Let's give it time and see how all unfolds
SS
  • #586,367
  • Mar 26, 2021 2:31am Mar 26, 2021 2:31am
Now loading more buy trades at market price. (1.37466)

let's Go
  • #586,368
  • Mar 26, 2021 2:32am Mar 26, 2021 2:32am
as long as price is above daily open , and above the ma , buy the break of the last hourly high
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 33 KB
yes yes yes
  • #586,369
  • Mar 26, 2021 2:36am Mar 26, 2021 2:36am
Risky long at 13747 s/l at b/e
Insane in the Brain..
  • #586,370
  • Mar 26, 2021 2:43am Mar 26, 2021 2:43am
sell at 1.3766 small lot, sl at 1.3771
  • #586,371
  • Mar 26, 2021 2:44am Mar 26, 2021 2:44am
Quoting RCtrader
{quote} This doesn't look good. Sad.
chillax... cable retrace 20-30 pips are normal..
Peace Yo!
  • #586,372
  • Mar 26, 2021 2:44am Mar 26, 2021 2:44am
... for the bulls - price needs a decisive break above this 1hr/4hr descending t/line and the underside of that daily+ ascending t/line that has breached to the downside (1411-2854)...then it will run into the next likely 'strong' upside obstacle - the prev 4hr/dly sw lo zone = prev supp = pot sbr at bottom of that 2week plus 4017-3788 4hr/dly range. The range likely runs 3775-3804
Trader with an Edge.
  • #586,373
  • Mar 26, 2021 2:46am Mar 26, 2021 2:46am
Quoting Moty
as long as price is above daily open , and above the ma , buy the break of the last hourly high {image}
all checked? Now fasten your seatbelt...
Peace Yo!
  • #586,374
  • Mar 26, 2021 2:49am Mar 26, 2021 2:49am
Quoting JayBag
Now loading more buy trades at market price. (1.37466) let's Go

are you going to be using sl?
Keep the Lights on then you can catch the rise from the dark.
  • #586,375
  • Mar 26, 2021 2:51am Mar 26, 2021 2:51am
Quoting Benton
sell at 1.3766 small lot, sl at 1.3771
5 pip SL just before LO very high risk of getting it hit
  • #586,376
  • Mar 26, 2021 2:52am Mar 26, 2021 2:52am
Quoting Waveskierrob
{quote} 5 pip SL just before LO very high risk of getting it hit
and there you go
  • #586,377
  • Mar 26, 2021 2:54am Mar 26, 2021 2:54am
Quoting BeeTogether
Risky long at 13747 s/l at b/e
it's not risky , it's "show me the money " trade
Attached Image (click to enlarge)
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Inserted Video
yes yes yes
  • #586,378
  • Mar 26, 2021 2:58am Mar 26, 2021 2:58am
Quoting Waveskierrob
{quote} 5 pip SL just before LO very high risk of getting it hit
I didn't place sl yet. I just meant that if price goes above 1.3771, I am ready to stop loss at retrace.
Now I feel that GU will fall!
  • #586,379
  • Mar 26, 2021 3:01am Mar 26, 2021 3:01am
Guys,it looks like a bull trap!
  • #586,380
  • Mar 26, 2021 3:08am Mar 26, 2021 3:08am
Quoting Nd10
{quote} Hello, I always love reading your posts. You have really mastered your style. Hence, it is working for you well. Do you really withdraw at all as i see your buy trade has been on for a long time. Thanks
Hi Nd, thank you.
I have withdrawn a few times. My idea, in the beginning, was to keep it as a short to medium-term account but as time went the idea of building this account into a long-term strategy came to life. I have tweaked my money management plan over the years as I have posted here and am happy where I am at. I do have another account that I trade bigger and more aggressively and a short to medium-term strategy. I have not posted it here as I feel it would be misleading to newbies and steer them in the wrong direction.
Cheers Mate.
Trade to trade another day
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