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Cable Update (GBPUSD)

  • #591,481
  • Apr 26, 2021 8:36am Apr 26, 2021 8:36am
Quoting mysterio
As it stands, it looks like daily pivot/rising 4h TL may hold us, 1.3869. Waiting to see what happens with dxy on that upper TL. Awaiting some confirmation to buy again.
I bought at 1.3884, SL to BE asap TP open
  • #591,482
  • Apr 26, 2021 8:40am Apr 26, 2021 8:40am
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yes yes yes
  • #591,483
  • Apr 26, 2021 8:41am Apr 26, 2021 8:41am
Quoting JayBag
{quote} Hey , yeah its' been a while .. I am on the bull side .. Thinking of 1.42 area

Hi JayBag

I'm taking my first lesson from you

Keeping one longer term position from 22nd April.

As the rest of my position are all based on scalping.

What target are we aiming for. ?

Don't aim too high coz I'm phobia of heights.

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  • #591,484
  • Apr 26, 2021 8:44am Apr 26, 2021 8:44am
Quoting dimitricss
{quote} long 1.3879

too soon ???


look at that wick at 15

Trade with prediction = witch with her visions lol
  • #591,485
  • Apr 26, 2021 8:46am Apr 26, 2021 8:46am
Quoting dimitricss
{quote} too soon ??? look at that wick at 15

out

6 pips .. lmao
Trade with prediction = witch with her visions lol
  • #591,486
  • Apr 26, 2021 8:49am Apr 26, 2021 8:49am
Quoting Sang.Real
{quote} Hi JayBag I'm taking my first lesson from you Keeping one longer term position from 22nd April. As the rest of my position are all based on scalping. What target are we aiming for. ? Don't do too high coz I'm phobia of heights. {image} {image}
I always learn something here...but I'm afraid of heights too!

Hope the trend is not too bullish!
  • #591,487
  • Apr 26, 2021 8:54am Apr 26, 2021 8:54am
Quoting Tekin
{quote} ok lets try surfing bought at 1.3876. stop is at 1.4848 tp is 1.3944

today easy pips forme . i think this week will be pleanty of pips
  • #591,488
  • Apr 26, 2021 8:56am Apr 26, 2021 8:56am
Quoting BeeTogether
{quote} 1.48? that’s optimistic...

excuse me from mobile manytimes i make mistakes with numbers my stop is 1.3848
  • #591,489
  • Apr 26, 2021 9:05am Apr 26, 2021 9:05am
Quoting Tekin
{quote} ok lets try surfing bought at 1.3876. stop is at 1.4848 tp is 1.3944

stop is at 1.3880 have a nice evening all (no risk at this time)
  • #591,490
  • Apr 26, 2021 9:05am Apr 26, 2021 9:05am
Quoting Sang.Real
{quote} Hi JayBag I'm taking my first lesson from you Keeping one longer term position from 22nd April. As the rest of my position are all based on scalping. What target are we aiming for. ? Don't aim too high coz I'm phobia of heights. {image} {image}
Perhaps we can aim for 1.42 fade.

Phobia?
  • #591,491
  • Apr 26, 2021 9:08am Apr 26, 2021 9:08am
Funny, I am watching 'Mortal Kombart' and there comes Liu Keng shooting fireballs
  • #591,492
  • Apr 26, 2021 9:12am Apr 26, 2021 9:12am
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yes yes yes
  • #591,493
  • Apr 26, 2021 9:22am Apr 26, 2021 9:22am
Quoting mysterio
{quote} I bought at 1.3884, SL to BE asap TP open

Adjusing stops at a minimum is not bad, but you have to be sure that you are correct in your timing in 70-80% of the cases.

In order for your trades to work better with the small stops, pullback entries are perfect for your case.

Good luck Bro.

  • #591,494
  • Apr 26, 2021 9:27am Apr 26, 2021 9:27am
Quoting Sang.Real
{quote} Adjusing stops at a minimum is not bad, but you have to be sure that you are correct in your timing in 70-80% of the cases. In order for your trades to work better with the small stops, pullback entries are perfect for your case. Good luck Bro.
Yes exactly! It's just the way I've always traded and it works for me. I look for precise scalp entries and like you say often get in on pullbacks or areas of high confluence. When I say ASAP i'm usually meaning 10-15 pips in the green, with an initial stop of the same (10-15 pips). I like to take the stress out of the equation as quickly as possible. This one was a pullback entry, and if it pulls back again then I just get in lower depending on the PA. I figure I can be quite sure of where price will get a good reaction but not as sure if it will continue in my direction.
  • #591,495
  • Apr 26, 2021 9:40am Apr 26, 2021 9:40am
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yes yes yes
  • #591,496
  • Apr 26, 2021 9:41am Apr 26, 2021 9:41am
Quoting JayBag
Funny, I am watching 'Mortal Kombart' and there comes Liu Keng shooting fireballs
FINISH HIM
  • #591,497
  • Apr 26, 2021 9:42am Apr 26, 2021 9:42am
Quoting mysterio
{quote} Yes exactly! It's just the way I've always traded and it works for me. I look for precise scalp entries and like you say often get in on pullbacks or areas of high confluence. When I say ASAP i'm usually meaning 10-15 pips in the green, with an initial stop of the same (10-15 pips). I like to take the stress out of the equation as quickly as possible. This one was a pullback entry, and if it pulls back again then I just get in lower depending on the PA. I figure I can be quite sure of where price will get a good reaction but not as...

I know you always have the quality entry ; that will determine the speed at which you should move your stop to breakeven.

If your entries are really good with not a lot of pullback, the fast move to breakeven will work well, but if you usually get a pullback (like I do -Newbie standard) then you will need to give your trades a little more room to breath...

Thanks for sharing the trade and stop placement idea.

Sang Real.
  • #591,498
  • Apr 26, 2021 9:46am Apr 26, 2021 9:46am
Quoting Sang.Real
{quote} I know you always have the quality entry ; that will determine the speed at which you should move your stop to breakeven. If your entries are really good with not a lot of pullback, the fast move to breakeven will work well, but if you usually get a pullback (like I do -Newbie standard) then you will need to give your trades a little more room to breath... Thanks for sharing the trade and stop placement idea. Sang Real.
Thanks for the constructive feedback, I think you're absolutely right. I've had too many trades that have tagged my BE stop then shot off in my direction. Still something I need to fine tune and have courage of convictions more.

Anyway I think our cable bull is starting to make some progress here, lets smash 1.39 and get this thing done
  • #591,499
  • Apr 26, 2021 9:55am Apr 26, 2021 9:55am
Quoting Nd10
{quote} FINISH HIM
Flawless Victory
  • #591,500
  • Apr 26, 2021 10:01am Apr 26, 2021 10:01am
The first point for bulls is 1.39300, the next one is 1.39500 and finally 1.4000. Then, I would say about sell option, because strong level 1.4000 will not be broken and it means double top formation setting up.
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