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Cable Update (GBPUSD)

  • #588,461
  • Apr 8, 2021 1:01am Apr 8, 2021 1:01am
According to IG a heavy emphasis on long trades which usually means it’s bearish...I’m scalping out and switching to short for a few

tp at 13763

now short target 137 SL 13810
Insane in the Brain..
  • #588,462
  • Apr 8, 2021 1:04am Apr 8, 2021 1:04am
Quoting BeeTogether
According to IG a heavy emphasis on long trades which usually means it’s bearish...I’m scalping out and switching to short for a few
we are near Major TL at 1.3600 . price should get the nearest Support to hit by or pass by
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #588,463
  • Apr 8, 2021 1:14am Apr 8, 2021 1:14am
enough for bear. time for bull take over
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #588,464
  • Apr 8, 2021 1:19am Apr 8, 2021 1:19am
Quoting Vincent1
{quote} I like it, that's one of my fav targets that I have in the different scenarios followed I have a question. Sometimes I trade on longer terms too, a position (small size) can be open 2 or 3 months when I open it based on Daily/Weekly charts. But of course, i don't like the swap, it become to be expensive after some week, taking away part of the profit (if the market doesn't travel enough away). What about to have positions open for more than 1 year? Do you have some rules or limits when for you the swap starts to be too expensive?
Hi Vincent,
This is a very good question. When I started posting my trades here a year or so ago my strategy was short to medium term. I would hold a position from a few weeks to a couple of months. As time went I closed some of my buy trades as I normally would, after a couple of months, and held onto a few of my older trades. It was then that I thought, what the heck. I can ride these buy trades through to my yearly resistance. My oldest buy trade was opened on 19/03/2020 for .03c. It currently is worth $668 and carries a swap charge of $25. This trade is a year and less than a month old. I am treading unmarked territory. So far my swap charge is manageable but I will have to look at closing some of my buy trades. So yes it is something I am monitoring closely. For sell trades, I am not worried because my swap fee is next to nothing.
Hope I have answered your question.
Cheers
Leon
Trade to trade another day
  • #588,465
  • Apr 8, 2021 1:31am Apr 8, 2021 1:31am
You shell not pass 1.37700
yes yes yes
  • #588,466
  • Apr 8, 2021 1:31am Apr 8, 2021 1:31am
Quoting mtako
I for one am waiting for 3730 levels to see how continuous the move is to short, or if its a time to buy on support. A quick move below 3730 and a just as quick return in these levels here would be nice for a buy in the next 2 hours. Or a struggle in the 3730s or an instant return above 3790 would be crucial for my decision. Preparing to react

Both sides have been struggling for a while, but I am still going for 1.4, no less.

Ive got a few decent entries since 3730 support failure. but facing probable whipsaw in the coming days, will move SL at BE earlier, the second resistance around 3790 is or would be hit.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #588,467
  • Apr 8, 2021 1:37am Apr 8, 2021 1:37am
took short 3758
Trade with prediction = witch with her visions lol
  • #588,468
  • Apr 8, 2021 1:43am Apr 8, 2021 1:43am
Bears Are coming
I told you shell not pass 1.37700 mf
ingulfing bearish candle at the fo candle
Attached Image (click to enlarge)
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yes yes yes
  • #588,469
  • Apr 8, 2021 1:45am Apr 8, 2021 1:45am
https://www.mql5.com/en/charts/13741...-group-limited
  • #588,470
  • Apr 8, 2021 1:50am Apr 8, 2021 1:50am
Bears have been consistently failing at making new grounds for over 10 days now. Bull are a bit stronger perhaps. Bears a bit tired .
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #588,471
  • Apr 8, 2021 1:53am Apr 8, 2021 1:53am
1.3777 maybe start selling till 1.3845 who knows
Attached Image (click to enlarge)
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  • #588,472
  • Apr 8, 2021 1:56am Apr 8, 2021 1:56am
Quoting Moty
Bears Are coming I told you shell not pass 1.37700 mf ingulfing bearish candle at the fo candle {image}
I love your humor my fellow trader ! posting a candle that is not even closed as an engulfing bearish candle . Trying to find it ! nooooooooooooooooooooooooooooooooo
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #588,473
  • Apr 8, 2021 2:03am Apr 8, 2021 2:03am
Quoting mtako
{quote} I love your humor my fellow trader ! posting a candle that is not even closed as an engulfing bearish candle . Trying to find it ! nooooooooooooooooooooooooooooooooo
M15 Making Cup and handle
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #588,474
  • Apr 8, 2021 2:06am Apr 8, 2021 2:06am
Quoting mtako
{quote} Both sides have been struggling for a while, but I am still going for 1.4, no less. Ive got a few decent entries since 3730 support failure. but facing probable whipsaw in the coming days, will move SL at BE earlier, the second resistance around 3790 is or would be hit.
Give me 3790 so I can take a nap
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #588,475
  • Apr 8, 2021 2:06am Apr 8, 2021 2:06am
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yes yes yes
  • #588,476
  • Apr 8, 2021 2:08am Apr 8, 2021 2:08am
1.3811(th)
could be first
let's see
dolce vita
  • #588,477
  • Apr 8, 2021 2:09am Apr 8, 2021 2:09am
Quoting dimitricss
took short 3758
damn... too early
Trade with prediction = witch with her visions lol
  • #588,478
  • Apr 8, 2021 2:17am Apr 8, 2021 2:17am
Quoting babayaga
1.3811(th) could be first let's see
agree, i thought it will go there before.
still, from my point of view, and 1h structure still see down move, fast one. 3700 and even below
i will tp at 3700 when/if we get there and will update my chart
  • #588,479
  • Apr 8, 2021 2:20am Apr 8, 2021 2:20am
this london session , price push more . ill see the below hold and get some long there .
the dollar weak in some way
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #588,480
  • Apr 8, 2021 2:25am Apr 8, 2021 2:25am
this is only a squeeze
the drop is coming
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yes yes yes
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