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Cable Update (GBPUSD)

  • #592,461
  • Apr 30, 2021 2:04pm Apr 30, 2021 2:04pm
Quoting Forex.z1
{quote} It was a great call! Like many other folks on this thread I was in a buy at 1.39 and did not expect this level to break until 1.40 was reached. Looking for a retrace just below 1.38 area.
Where you the one that asked me for sl as i entered the sell as he said it was a strong support area
  • #592,462
  • Apr 30, 2021 2:05pm Apr 30, 2021 2:05pm
i removed all the pivot s&r lines and adr projection , they are crooks tools
i left the round numbers lines that work sometime
trade the move , not the reversal
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yes yes yes
  • #592,463
  • Apr 30, 2021 2:09pm Apr 30, 2021 2:09pm
I left a small position for cable & gj
and closed the rest

finally we can see nice daily candle ( around 150 pips )
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dolce vita
  • #592,464
  • Apr 30, 2021 2:10pm Apr 30, 2021 2:10pm
Quoting Moty
i removed all the pivot s&r lines and adr projection , they are crooks tools i left the round numbers lines that work sometime trade the move , not the reversal {image}
bro we start next week again and look to recover
Insane in the Brain..
  • #592,465
  • Apr 30, 2021 2:14pm Apr 30, 2021 2:14pm
This daily break was such a nice one!!
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  • #592,466
  • Apr 30, 2021 2:19pm Apr 30, 2021 2:19pm
Quoting pipbasket
{image}
posted this earlier today, it could be seen on daily, any bulls with losses get on the correction next week then look for shorts again
find a way to make money in your sleep or you work until you die
  • #592,467
  • Apr 30, 2021 2:23pm Apr 30, 2021 2:23pm
Quoting Nd10
{quote} Where you the one that asked me for sl as i entered the sell as he said it was a strong support area
No mate, it was someone called "thevisitor"
  • #592,468
  • Apr 30, 2021 2:31pm Apr 30, 2021 2:31pm
Quoting Wavegarrick
{quote} Hi Guys, We have had stutters in this area for 4 weeks now with 1.4000 rejecting. I still believe we have potential for a major reversal to the downside. I will look to add short trades on retraces, next week. Have a great weekend Cheers. {image}
The round number 1.38000 should act as a nice springboard for a jump to 1.38500. a nice 50 pip scalp. I am looking at my future weekly pivot at 1.38608 ish -
(pink high light) for a short trade next week. There is room and place for all traders in this market.

Cheers guys.
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Trade to trade another day
  • #592,469
  • Apr 30, 2021 3:03pm Apr 30, 2021 3:03pm
Quoting Moty
i removed all the pivot s&r lines and adr projection , they are crooks tools i left the round numbers lines that work sometime trade the move , not the reversal {image}
but at least one chart you have to leave with pivot
otherwise tell me one pair which has no respect to it

moty, I would like to say that you are able "to see the pattern", what I think is very important because you can archive it only with experience..,
and then as I think, you need simple confirmation ( numbers, indy,..whatever )
and then..,
after you entered trade you need to know for sure plane a & b ( what I'll do if I am right and ..if I am wrong) and follow it - and this part is most difficult..

you don't need to "burn your boat" to become better...

dolce vita
  • #592,470
  • Apr 30, 2021 6:34pm Apr 30, 2021 6:34pm
Quoting Tekin
{quote} Pound made good job i quit usd cad at be
Cad wise choice, I was thinking you got in early, cad is dangerous to hold over weekend unless got plenty of room in down trend, been 11 months solid sell off, cad is always most powerful in bear mode, "BUT" bull mode is more constant and steady, I believe she has potential to print a bottom presently 1 22535 - 1 2000, weekly candle is break of psych 1 25000 yesterday may have printed a doji (need 2 or 3 candles to confirm) this is medium - long term outlook, a big rally next week has potential for monthly rally :-o ????
If you are new to Forex? Say Goodbye to your account!!
  • #592,471
  • Apr 30, 2021 6:54pm Apr 30, 2021 6:54pm
I don't typically like to hold positions over the weekend but I'm still holding gbp/usd short. I just have a feeling it could gap down.
  • #592,472
  • Apr 30, 2021 7:01pm Apr 30, 2021 7:01pm
Quoting mrluckystar
{quote} sl hit.. another try sclap buy at 3809 sl 10 for 3860..
mr lee will come at 3760/50 or 3625 next week...
let mr liu show his final finishing skill..
Peace Yo!
  • #592,473
  • May 1, 2021 1:36am May 1, 2021 1:36am
Quoting OnlineAddict
{quote} {quote} Everything worked out nicely. Continuation next week. Waiting for a correction for new shorts...
Do you think there will be a correction soon for a better short position or it will passes 1.3800 before correction? I was chicken out and stopped my shorts way toooo early at 3860. Typical newbie, just close when seeing some profits
  • #592,474
  • May 1, 2021 3:24am May 1, 2021 3:24am
Quoting JayBag
Morning Gang, Exited all longs. I think it's time for Liu Keng to step in. started selling yesterday . Target in mind would be at 1.3200. Let's see how they play it out. Be Kind
Hi Jay. I have got something to discuss with you. Is there a way I can reach you?
  • #592,475
  • May 1, 2021 3:37am May 1, 2021 3:37am
Advice wanted!
Hi all, I apologise this is not the right thread, I haven’t looked at any others and feel I would take your advice more seriously anyway. I do not have a problem identifying good setups and I’m very disciplined about waiting for them (I didn’t take a single trade on Tuesday or Thursday this week, and only one Wednesday and one yesterday) however I have a tendency to get out of good trades far too early. I consistently take between 20-50 pips per trade with little risk, which seems good, but since joining FF a couple of weeks ago I realised I have squandered opportunities for much bigger trades even though the possibility was on my radar. Yesterday for example I sold at the top anticipating a big move but bailed out with 30 pips profit, my plan was to wait until the next congestion zone formed but old habits got in the way. There are worse problems to have, but given that I trade infrequently I would like to make the most of the trades I do take. I could increase my position size and carry on as I am, but that doesn’t seem like growth to me and increases my risk. I am very keen to know if anyone can relate and has overcome this problem. Any tips welcome on how to develop patience and manage positions for longer.
Thank you in advance!
  • #592,476
  • May 1, 2021 4:09am May 1, 2021 4:09am
Quoting trumps
A quick note before doing some work. GBPUSD approaching some support USD approaching some resistance {image} {image} {image}

Hi bro, thanks man. Happy to be back!! Looks like your charts have improved big time, if i am thinking you are the same guy i always used to converse with LOL
  • #592,477
  • May 1, 2021 4:10am May 1, 2021 4:10am
Quoting Bainbrito
Advice wanted! Hi all, I apologise this is not the right thread, I haven’t looked at any others and feel I would take your advice more seriously anyway. I do not have a problem identifying good setups and I’m very disciplined about waiting for them (I didn’t take a single trade on Tuesday or Thursday this week, and only one Wednesday and one yesterday) however I have a tendency to get out of good trades far too early. I consistently take between 20-50 pips per trade with little risk, which seems good, but since joining FF a couple of weeks ago I...
Its seems your emotional maybe regarding your trades. If you have not read Trading in the zone this would help i think? Trust you instincts and don't second guess yourself, this is likely your edge
  • #592,478
  • May 1, 2021 4:14am May 1, 2021 4:14am
Quoting Bainbrito
Advice wanted! Hi all, I apologise this is not the right thread, I haven’t looked at any others and feel I would take your advice more seriously anyway. I do not have a problem identifying good setups and I’m very disciplined about waiting for them (I didn’t take a single trade on Tuesday or Thursday this week, and only one Wednesday and one yesterday) however I have a tendency to get out of good trades far too early. I consistently take between 20-50 pips per trade with little risk, which seems good, but since joining FF a couple of weeks ago I...
Hi there
You have yourself a colleague here. Foolish me I must say. Good entries with good tp and yeti always chicken out. . So you are not alone mate
  • #592,479
  • May 1, 2021 4:28am May 1, 2021 4:28am
I will be looking to buy around the area of Friday hopefully till 1.41. But as usual, i may chicken out soon
  • #592,480
  • May 1, 2021 4:31am May 1, 2021 4:31am
Quoting nAVIN2007
{quote} Its seems your emotional maybe regarding your trades. If you have not read Trading in the zone this would help i think? Trust you instincts and don't second guess yourself, this is likely your edge
Thanks, you’re right about emotions, I’m extremely detached when it comes to entries, unless the trade fits my strategy I am content to sit on my hands, but because I take so few trades I am eager to take profit even if logically it’s not the best best move, after the NY open yesterday it was an emotional decision to close and ensure profit for sure. I will check out Trading in the Zone, thank you
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