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Cable Update (GBPUSD)

  • #592,881
  • May 4, 2021 11:01am May 4, 2021 11:01am
Quoting mysterio
{quote} I put another buy in at 1.3866 after TPing, shot up 10 pips but took out my BE stop. Just a bit on the risky side-but I do believe it will continue up. Should say i'm not crazy about taking another long here though, it is not a strong enough setup for me
I think it will be good to observe now. I have 0 open trades now. But you're a wise man, so I hope it will continue -
Try the simple and make it for you ~
  • #592,882
  • May 4, 2021 11:09am May 4, 2021 11:09am
Quoting clocktrade
{quote} I think it will be good to observe now. I have 0 open trades now. But you're a wise man, so I hope it will continue -
Ended up rebuying into the mini accumulation. The W is a nice backup. Stop at BE again

edit- just took 20 pips..quick 4xR
Attached Image (click to enlarge)
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  • #592,883
  • May 4, 2021 11:10am May 4, 2021 11:10am
Quoting mysterio
{quote} Ended up rebuying into the mini accumulation. The W is a nice backup. Stop at BE again {image}
Sorry for being ignorant, what is BE ?
  • #592,884
  • May 4, 2021 11:10am May 4, 2021 11:10am
Quoting dele5000
{quote} You are a sniper, I would like to be cheating market like you

It is more like Beginner's (Newbie) Luck

Just using very primitives' trading tools to trade , i.e. Support & Resistant.

Sang Real
  • #592,885
  • May 4, 2021 11:11am May 4, 2021 11:11am
Quoting IBabyTrader
{quote} Sorry for being ignorant, what is BE ?
Breakeven. Sorry, shorthand. I trade scalping setups and tend to only grab 20-60 pips at a time (5-10 pips SL) so have no really good way of knowing if the trade will continue in my direction so I set my stoploss at entry after 10 pips profit
  • #592,886
  • May 4, 2021 11:12am May 4, 2021 11:12am
Quoting Sang.Real
{quote} It is more like Beginner's (Newbie) Luck Just using very primitives' trading tools to trade , i.e. Support & Resistant. Sang Real
You have to be the most humble person on forex factory
  • #592,887
  • May 4, 2021 11:14am May 4, 2021 11:14am
GU

price may end up in the box until Thursday.

Will give a visit tomorrow.

Meanwhile, let GU stay in the box. She'll be happy.

Attached Image (click to enlarge)
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  • #592,888
  • May 4, 2021 11:25am May 4, 2021 11:25am
Lets green pips run
Attached Image (click to enlarge)
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  • #592,889
  • May 4, 2021 11:32am May 4, 2021 11:32am
Quoting parshal
{image}
update on yesterday h4 chart
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My observation may be wrong but intent correct. Stay calm!
  • #592,890
  • May 4, 2021 11:49am May 4, 2021 11:49am
Quoting SCopier
Lets green pips run {image}
Got trapped today, back to long...
  • #592,891
  • May 4, 2021 11:50am May 4, 2021 11:50am
Quoting IBabyTrader
{quote} Sorry for being ignorant, what is BE ?
Hi Ibt,
Breakeven or BE can mean many things. Your stop is placed in such a way that either a single trade or a basket of trades on a particular currency or a basket of many pairs is closed at breakeven without losing any money, considering spreads, swap charges, and commission fees. Here is a simple indicator to calculate break-even for a single currency pair and thanks to *gkcode* Not sure where I found it but here goes;
Cheers
Attached File(s)
File Type: ex4 me_Breakeven_Line v2.4h.ex4   39 KB | 487 downloads
Trade to trade another day
  • #592,892
  • May 4, 2021 11:51am May 4, 2021 11:51am
Quoting mysterio
{quote} I have the same According to ABCD price is headed to R1/1.3960, I'm not really a harmonics trader but do quite like these on GU because they come up a lot however dxy jumped off of a demand level at 90.8, approaching strong resistance at 91.40 and rising in an ascending channel so watching this, it has a few obstacles in its way soon https://www.tradingview.com/x/pCNPpFBz/ {image}
Not too far off target now, decisively broken out of the mini channel

https://www.tradingview.com/x/FwaUDIVQ/
  • #592,893
  • May 4, 2021 11:52am May 4, 2021 11:52am
Quoting mysterio
{quote} You have to be the most humble person on forex factory
You've been constructive in all your posts from a long time back in this tread I appreciate your inputs..

I must stay as humble newbie before the market humbles me.

I believe, not all systems are equal, not all SR levels are equal and not all trends are equal.

I have to work out which ones work with the highest probability.

It takes ages to do and a single minded determination to crack it.

I take responsibility for trading results as understand that success is in me, not the methodology.

I'm lucky to have all professional/experienced traders in this thread is not only teaching me to fish, but getting me to pick up the pole and do a little self discovery on my own.

I just posted this trade because I wanted to show that since I started this thread almost all of you guys have helped push me in the right direction of what I should learn and such.. (directly or indirectly.. doesn't matter its all been helpful)

So thanks to everyone who has guided me (especially the ones who supported me even when most questioning are idiot.)

I'm in this thread are not looking for handouts per se. I'm looking for a new thought, perspective, or idea that allows me to pick the locks that shackle my mind. hence, suggesting to "think as you put, what I WANT to do but do not know HOW to do.

Thanks for your kindness.
You are the best,
Staying safe.

Regards

Sang Real
  • #592,894
  • May 4, 2021 11:56am May 4, 2021 11:56am
Quoting thevisitor
{quote} Got trapped today, back to long...
Nice to know mate. Cheers
  • #592,895
  • May 4, 2021 11:58am May 4, 2021 11:58am
Still looking for the bear move while below this downward slope.
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  • #592,896
  • May 4, 2021 12:04pm May 4, 2021 12:04pm
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yes yes yes
  • #592,897
  • May 4, 2021 12:06pm May 4, 2021 12:06pm
Quoting mysterio
{quote} Last two weeks were my worst since beginning FX! Back on track this week thankfully. Had to make some lifestyle changes and really get back to basics.
Hey mysterio,
What have you done regarding changing lifestyle? Last 3 weeks were also very bad to me, after a period of luck as a newbie. Kind of frustrating right now and do not know what to do to just back to starting balance
  • #592,898
  • May 4, 2021 12:08pm May 4, 2021 12:08pm
What could be the possibility of hitting the 1.396 today?
  • #592,899
  • Edited 12:41pm May 4, 2021 12:13pm | Edited 12:41pm
Quoting IBabyTrader
What could be the possibility of hitting the 1.396 today?
Very low! We have passed the high volume trading times for today. There's a zone around 1.3896-1.3905 which can cause problems for bulls too.
  • #592,900
  • May 4, 2021 12:17pm May 4, 2021 12:17pm
RenkoMaker Pro Chart ... GBP USD uptrend...
https://charts.mql5.com/28/650/gbpus...ernational.png
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