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Cable Update (GBPUSD)

  • #590,741
  • Apr 21, 2021 12:42pm Apr 21, 2021 12:42pm
Quoting Sang.Real
{quote} Hi Wavegarrick, this my take on GU next move. ( Newbie view). SL/TP in place, hope will reach the target tomorrow, if not taken out by the stop. Thanks for sharing your trade set up and view. Regards Sang Real {image}
Hi Sang,
Thank you for your point of view. You are a shining light amongst us old goats here. I always appreciate your view.
I will follow your setup.
Cheers
Leon
Trade to trade another day
  • #590,742
  • Apr 21, 2021 12:47pm Apr 21, 2021 12:47pm
Quoting Sang.Real
{quote} In moment, just need some encouragement to wake the beast....be patient .. {image}
Not sure who's got the bigger balls.., You (or the tiger)!!!!
Don't trade what you think. Just what you see!!!
  • #590,743
  • Apr 21, 2021 12:50pm Apr 21, 2021 12:50pm
No bears before 1.4070
Possible area with bears 1.4070/1.4100
In case of extreme movment 1.4150/1.4180

After that, with a good selling signal from there, 1.30 could be the next target for the bears

IMHO
  • #590,744
  • Apr 21, 2021 1:05pm Apr 21, 2021 1:05pm
Market is bull now, as vincent says it should climb up to 1.4xxx+ But in weeks it should be bearish.

Quote
imho
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 33 KB
Try the simple and make it for you ~
  • #590,745
  • Apr 21, 2021 1:09pm Apr 21, 2021 1:09pm
Quoting Wavegarrick
{quote} So this is where I am at, I don't profess to have the magic wand. I have lost subscribers I must admit. I continue to slog along, but so be it. I continue with my system. I am short and my stops are in place. Cheers Guys. {image}
This is the part of trading that most of people don't understand

You have a system, it is right most of the times. In case it is wrong you get stopped out
You have a Money Management
You have a good Risk to Reward ratio

So you can be wrong sometimes, and don't care if market gets your stops. You will win next trade, with a bigger profit than what you lost with stops. That's why I follow people like you

When my system is wrong, I'm "happy" when I get stopped out, becouse I think that without stops I would be with increasing loss....like most of reatail traders do...
  • #590,746
  • Apr 21, 2021 1:11pm Apr 21, 2021 1:11pm
Quoting Sang.Real
{quote} Live account on borrowed money.
Nice

You have pretty good trades!

wish you good luck
  • #590,747
  • Apr 21, 2021 1:12pm Apr 21, 2021 1:12pm
Why everyone is buying into this heavy resistance is beyond me...well, see you below 3800.
Everyone can see the chart, but only a few can actually read it.
  • #590,748
  • Apr 21, 2021 1:20pm Apr 21, 2021 1:20pm
GU will go up in asia session!
  • #590,749
  • Apr 21, 2021 1:24pm Apr 21, 2021 1:24pm
Quoting Vincent1
No bears before 1.4070 Possible area with bears 1.4070/1.4100 In case of extreme movment 1.4150/1.4180 After that, with a good selling signal from there, 1.30 could be the next target for the bears IMHO

Let the PRICE tell it

Quoting OnlineAddict
Why everyone is buying into this heavy resistance is beyond me...well, see you below 3800.

See you. Tomorrow's obvious target is 1.38250. Hope this will help someone
  • #590,750
  • Apr 21, 2021 1:45pm Apr 21, 2021 1:45pm
Quoting Dr.House
{quote} Nice You have pretty good trades! wish you good luck
Thanks Dr.

My dad loaned me the money (his small change) and want me to understand the mechanics of money makes more money.

He disallowed me to join his Oil/Gas business coz don't want me to live a life on silver platter.

I don't trust all the guru's and trading educators website, except I've learn it from Babypips and making progress in this thread.

I'm in the third stage of beginners trader that is ‘growing and maturing stage’.

This is when I become a serious student of forex trading and really learn how to trade.

Because by this stage... I understand to respect the markets.

Because in the first two stages I've had a tasted of the highs and lows. I’ve experienced both the huge benefits and the real dangers that one could face as a forex trader. Plus blown three live accounts and several demos account.

Well, I think it’s at this stage that I really need to look outside of myself for trading experience.

So far, I’ve relied on professional/experienced traders in this forum to guide me.
This, I find, is an excellent sharing ... many of experienced traders are so unselfish and willing to sharing.
But it’s by accepting that I need some guidance that I can really start to guide myself.

Finally, my dad told a little something for me to ponder :
" The banks, larger institutions and investors make a lot of money from forex trading. They however would never enter the market without knowing that they will make money.
One year Ford made more money from hedging currencies than from selling cars."


It is definitely very assuring to hear what you said (about my trading performance).
And of course you put it forward very well with more experience...

In future will look out more of your postings & sharing of your "edges"..

Thank You

Sincerely


Sang Real
  • #590,751
  • Apr 21, 2021 1:47pm Apr 21, 2021 1:47pm
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 27 KB
yes yes yes
  • #590,752
  • Apr 21, 2021 1:48pm Apr 21, 2021 1:48pm
Quoting trumps
{quote} I guess at some point, she will run out of gas and slingshot around the moon back to earth eh Moty?
Bailed on my short
Inserted Video
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 22 KB
Click to Enlarge Name: GBPUSDH4.png Size: 35 KB
Compulsions can be hard to resist
  • #590,753
  • Apr 21, 2021 1:56pm Apr 21, 2021 1:56pm
Very strong resistence
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 22 KB
  • #590,754
  • Apr 21, 2021 1:58pm Apr 21, 2021 1:58pm
Quoting Sang.Real
{quote} Hi Wavegarrick, this my take on GU next move. ( Newbie view). SL/TP in place, hope will reach the target tomorrow, if not taken out by the stop. Thanks for sharing your trade set up and view. Regards Sang Real {image}
solid setup for me as well, the timing i find it wrong. preferably trades duriing london session, assian time is causing manipulation a lot of time.

good luck
offering my system to copy trade. check my link
  • #590,755
  • Apr 21, 2021 2:00pm Apr 21, 2021 2:00pm
Quoting JayBag
Thing is, FX is definitely not for greedy people though most of us tend to be greedy anyway. IMHO, Forex should be approached with an investment 'Mindset' and not some quick cash business. Just like any other conventional business, you don't make a profit from day one unless of cause you in the business of selling 'EXTRA LIFE' and PROSPERITY bundles. There is no need to complicate things. Just try figuring out the direction of the market and place tiny lots in that direction. I am stressing the tiny lots because there will always be DD and that's...

Excellent Advice SS,

Thank you very much for the kind advice and suggestion.
I am grateful for the support.

Smaller time frames are dangerous. Four hour charts and above are like looking down from a skyscraper, can see the whole picture.

By looking at the daily chart, a nice and smooth (99%) of the time. Longer time frame trends don't change every time the wind blows.
On the other hand, the 5 min chart is chaos in comparison.
Smaller time frames are great for entries. But otherwise they cause heartburn.


Thank u very much one more time.

Sincerely

Sang Real
  • #590,756
  • Apr 21, 2021 2:07pm Apr 21, 2021 2:07pm
Quoting nikosk0
{quote} solid setup for me as well, the timing i find it wrong. preferably trades duriing london session, assian time is causing manipulation a lot of time. good luck

Hello nikosk0,

You make some excellent points!
Great words of wisdom.
Once again, thanks for sharing them.
Totally humbling..

Sang Real
  • #590,757
  • Apr 21, 2021 2:15pm Apr 21, 2021 2:15pm
My long necked Scottish Terrier pattern in emerging again

A 4hr candle reaction point is not far below
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 35 KB
Click to Enlarge Name: scottie-plaid-dog-christina-rollo.jpg Size: 322 KB
Compulsions can be hard to resist
  • #590,758
  • Apr 21, 2021 2:20pm Apr 21, 2021 2:20pm
Quoting Sang.Real
{quote} Hi Wavegarrick, this my take on GU next move. ( Newbie view). SL/TP in place, hope will reach the target tomorrow, if not taken out by the stop. Thanks for sharing your trade set up and view. Regards Sang Real {image}
Hi Sang.Real! Glad to see you here. If you want to share, what is your analysis for this trade you have taken ? If not, its ok, don't bother brother Just curious as I am hanging out and going over my longs, and am particularly interested in all sellers and their thoughts.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #590,759
  • Apr 21, 2021 2:20pm Apr 21, 2021 2:20pm
Quoting trumps
My long necked Scottish Terrier pattern in emerging again A 4hr candle reaction point is not far below {image} {image}
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #590,760
  • Apr 21, 2021 3:00pm Apr 21, 2021 3:00pm
Quoting mtako
{quote}
The pattern comes around at times.
It is usually bullish, but not always.
Compulsions can be hard to resist
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