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Cable Update (GBPUSD)

  • #591,441
  • Edited 4:52am Apr 26, 2021 4:41am | Edited 4:52am
Quoting wanted
{quote} Long at 1.3880-1.3870 with SL 50 pips, let see where he can go?
I don't like it now

It is a double top along with a channel breakout so is a short signal for me, but was a bit of a quick switch around so didnt take it
  • #591,442
  • Apr 26, 2021 4:50am Apr 26, 2021 4:50am
Quoting mysterio
{quote} I don't like it now
Frankfurt most of the time does a false move on a low volume. London open confirmed that this morning. In my books it was logical to short it earlier and here we are…
Did you place your stop loss order? Why not?!? Story of my life...
  • #591,443
  • Apr 26, 2021 4:50am Apr 26, 2021 4:50am
Quoting mysterio
{quote} I don't like it now
Yes me too. Im watching hourly candle close. Its doesnt see so good for now
But for sure. Weekly candle of dollar is like three bear soldier and the usd will down like hell
And im watching gbpusd 1.38600-1.38700 area for possible swing
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #591,444
  • Apr 26, 2021 5:02am Apr 26, 2021 5:02am
Quoting coyoteuglyxxx
{quote} Frankfurt most of the time does a false move on a low volume. London open confirmed that this morning. In my books it was logical to short it earlier and here we are…
NY I expect to fill in the remaining of the range for today on the short side… perhaps to around 1.3850 and basically this is the structure of the day... no brainer in a way
Did you place your stop loss order? Why not?!? Story of my life...
  • #591,445
  • Apr 26, 2021 5:03am Apr 26, 2021 5:03am
1.39153 sell sl 1.39239
  • #591,446
  • Apr 26, 2021 5:03am Apr 26, 2021 5:03am
Quoting W0lfram
{image}
0 level reached.
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Strong momentum is needed to invalidate potential hidden bull on regular candlestick chart
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Air force
  • #591,447
  • Apr 26, 2021 5:07am Apr 26, 2021 5:07am
Quoting Nd10
{quote} You talk too much with your best word "Stupid" all the time. Allow people do what they want man
Shut up, learn and apply instead of replying ignorantly!
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #591,448
  • Apr 26, 2021 5:08am Apr 26, 2021 5:08am
the same trick twice ?
so boring !!!!!!!!!!!!
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yes yes yes
  • #591,449
  • Apr 26, 2021 5:15am Apr 26, 2021 5:15am
Quoting coyoteuglyxxx
{quote} Frankfurt most of the time does a false move on a low volume. London open confirmed that this morning. In my books it was logical to short it earlier and here we are…
It rarely works out as simply as you make out imo. Another scenario might have been, for example, a fakey on LO at 8am only for a vicious breakout in the Frankfurt direction. What do you do then if your 8-9 range is 60+ pips, still just trade in the direction of the range breakout? What about SL/TP? I get what you're saying but you kind of have to read the situation as it arises. I do have a set of rules for trading this time of day but it really just comes down to identifying levels and price action, I struggle to see how you can write a set of mechanical rules for this time of day that is consistent. I pointed out the short from 1.3929, which was a bit of a gimme- the long from 1.39ish was fair game for a scalp too- I was just looking for a few pips higher before taking a partial, then a runner for the HTF idea. I'll definitely watch what you're suggesting though- basically trade in the direction of the 8-9 range breakout for the day ? As for my own trade- yea guilty of dreaming a bit, I have it as a goal to incorporate more swing trades alongside intraday scalps, I am guilty of blurring the lines a bit though- it is a different skillset, it's hard to take your scalping techniques and just project a swing target onto it. When you start asking for more from the market you naturally take a hit on your strike rate.
  • #591,450
  • Apr 26, 2021 5:23am Apr 26, 2021 5:23am
.
Anything is math!
  • #591,451
  • Apr 26, 2021 5:27am Apr 26, 2021 5:27am
Quoting mysterio
{quote} It rarely works out as simply as you make out imo. Another scenario might have been, for example, a fakey on LO at 8am only for a vicious breakout in the Frankfurt direction. What do you do then if your 8-9 range is 60+ pips, still just trade in the direction of the range breakout? What about SL/TP? I get what you're saying but you kind of have to read the situation as it arises. I do have a set of rules for trading this time of day but it really just comes down to identifying levels and price action, I struggle to see how you can write...
You’re right in what you say and there isn’t a set rule as such IMO. The LO breakout is the key for the day, in a way where you get the orders from last night, Asia filled in. That gives you the volume. The principle of the hot potato between the exchanges is valid and that’s what you need to watch IMO. As I said earlier in a nutshell, the structure of the day is simple: Frankie fakes it, London proves it wrong 80-90 % of the time and NY fills in the remaining of the range… if you follow this scenario, you are almost guaranteed to catch the big move of the day, i.e. 40-60 pip . Just my 10 cent
Did you place your stop loss order? Why not?!? Story of my life...
  • #591,452
  • Apr 26, 2021 5:29am Apr 26, 2021 5:29am
Quoting Kajos2250
{quote} TP1 -> use BE .3895{image}
GU H6 GMT+2

Assuming the short trend continues, step on the bear's side because of the previous doji.

3x sell stop .3888
sl .3933
tp1 and BE .3832
tp2 .3764
tp3 open

rr > 1.7

good luck!

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Anything is math!
  • #591,453
  • Apr 26, 2021 5:30am Apr 26, 2021 5:30am
Quoting coyoteuglyxxx
{quote} You’re right in what you say and there isn’t a set rule as such IMO. The LO breakout is the key for the day, in a way where you get the orders from last night, Asia filled in. That gives you the volume. The principle of the hot potato between the exchanges is valid and that’s what you need to watch IMO. As I said earlier in a nutshell, the structure of the day is simple: Frankie fakes it, London proves it wrong 80-90 % of the time and NY fills in the remaining of the range… if you follow this scenario, you are almost guaranteed to catch...
Thanks-appreciate the input greatly. Can you describe what you mean by the remaining range? The average daily range or something else?
  • #591,454
  • Apr 26, 2021 5:31am Apr 26, 2021 5:31am
Quoting mysterio
{quote} Thanks-appreciate the input greatly. Can you describe what you mean by the remaining range? The average daily range or something else?
Exactly... ADR
Did you place your stop loss order? Why not?!? Story of my life...
  • #591,455
  • Apr 26, 2021 5:33am Apr 26, 2021 5:33am
Quoting ChiForex
{quote} Shut up, learn and apply instead of replying ignorantly!
Only the stupid would apply on someone else's say so
  • #591,456
  • Apr 26, 2021 5:40am Apr 26, 2021 5:40am
price will bounce up from daily pivot or daily open line
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yes yes yes
  • #591,457
  • Apr 26, 2021 5:42am Apr 26, 2021 5:42am
We have this upper TL on dxy which has held very well save for one fakeout. It is worth watching if you have and GU/EU positions.
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  • #591,458
  • Apr 26, 2021 5:42am Apr 26, 2021 5:42am
Quoting ChiForex
{quote} Shut up, learn and apply instead of replying ignorantly!
You are stupidly rude. Do your thing and don't force others to do same. Is it too much to ask?
  • #591,459
  • Apr 26, 2021 5:46am Apr 26, 2021 5:46am
Quoting Tekin
{quote} well i quit at 1.3890 maybe 1.3876 can push it if not profit is good

ok lets try surfing bought at 1.3876. stop is at 1.4848 tp is 1.3944
  • #591,460
  • Apr 26, 2021 5:51am Apr 26, 2021 5:51am
Quoting Tekin
{quote} ok lets try surfing bought at 1.3876. stop is at 1.4848 tp is 1.3944
1.4848?
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