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Cable Update (GBPUSD)

  • #594,461
  • May 12, 2021 6:33am May 12, 2021 6:33am
Stay safe guys, keep booking profits. Crazy whipsaws.
  • #594,462
  • May 12, 2021 6:33am May 12, 2021 6:33am
Quoting Waveskierrob
{quote} I'll probably get slated for this but my predictions are always right because I predict that the market can do go in any direction at anytime for any price which helps with the psychology of trading as I am never wrong so my ego is never challenged, I have proved this to myself by trading on a flip of a coin with the right money management and patience, saying that don't get me wrong I know of plenty of traders that like to have their trading systems, set ups and rules and make money, but for me its all ad hoc, trade on a whim, hence why...
Fair enough.. I think you mentioned the system before but I can't get my head around it.. I would never criticise, whatever works, works.

Was it just opening a long and short at the same time and closing each when they come into profit? Something like that?
  • #594,463
  • May 12, 2021 6:36am May 12, 2021 6:36am
the bears are here
Attached Image (click to enlarge)
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yes yes yes
  • #594,464
  • May 12, 2021 6:39am May 12, 2021 6:39am
GU 1.42 level to watch
EU 1.22400 level to watch
  • #594,465
  • May 12, 2021 6:42am May 12, 2021 6:42am
Too wild for me, made some on the drop then gave back entering 4 positions by mistake! I typically run through this checklist and atm nothing looks easy enough for me.. could go either way.

Does the currency have momentum?
Is there an appropriate margin of safety?
Are you staying within your circle of competence?
Determine position size
Determine acceptable loss
Determine whether the trade has a Quality edge
Consider factors which support or undermine the trade
Does the trade look easy?
Is there enough momentum to compensate for bad management?
  • #594,466
  • May 12, 2021 6:48am May 12, 2021 6:48am
Quoting mysterio
{quote} Fair enough.. I think you mentioned the system before but I can't get my head around it.. I would never criticise, whatever works, works. Was it just opening a long and short at the same time and closing each when they come into profit? Something like that?
yes something like that, I did some live trading posting my trades on 29th DEC 2020 just to show the importance of money management over direction, some took the piss but I got over it with the profits I made
  • #594,467
  • May 12, 2021 6:50am May 12, 2021 6:50am
ucad at super strong support
Attached Image(s) (click to enlarge)
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yes yes yes
  • #594,468
  • May 12, 2021 6:53am May 12, 2021 6:53am
range 1.4105-1.4154 (imo, because of 4H inside bar)
a piece of cake
dolce vita
  • #594,469
  • May 12, 2021 6:54am May 12, 2021 6:54am
Quoting Moty
ucad at super strong support {image} {image}
Damn how many pair you watch Moty, kudos mate
  • #594,470
  • May 12, 2021 7:00am May 12, 2021 7:00am
Full of bear traps , careful guys , let see....
  • #594,471
  • May 12, 2021 7:02am May 12, 2021 7:02am
Quoting Pipa1
My long 108.5 UJ exploded up ...+70 pips now...my 0.86 long EG to run up next hours.GBP shocked in diving mode, let's make the money dance.{image}
Unlucky with your EG must have hit your stop
  • #594,472
  • May 12, 2021 7:04am May 12, 2021 7:04am
Risk Free.

Let's see how far she goes.
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You can do it!
  • #594,473
  • May 12, 2021 7:04am May 12, 2021 7:04am
Quoting Sang.Real
{quote} GU Price couldn't break YL Rejected. Closed position except one remains. To enter short scalping again at SNR level with valid Price Action setup for sell. Let price retrace higher level before selling. Waiting {image}

GU

Limit Order filled as planned earlier. (Previous post)

Followed by market order on subsequent short entry.

Trading need a lot of planning especially when red news are in play.

Yesterday position still intact, with few more new additional position added today after the news with price hitting the SNR level.

Trade Safely & Wisely.

Any comments are welcome for educational purposes only.

Thank You
Attached Image (click to enlarge)
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  • #594,474
  • May 12, 2021 7:05am May 12, 2021 7:05am
Quoting mysterio
{quote} Plan the trade, trade the plan Beautiful week {image}

Nice analysis Bro you and me are on the same page
  • #594,475
  • May 12, 2021 7:07am May 12, 2021 7:07am
Quoting Waveskierrob
{quote} Unlucky with your EG must have hit your stop
Lol
Why so particular about this mate
  • #594,476
  • May 12, 2021 7:07am May 12, 2021 7:07am
Quoting Sang.Real
{quote} GU Limit Order filled as planned earlier. (Previous post) Followed by market order on subsequent short entry. Trading need a lot of planning especially when red news are in play. Yesterday position still intact, with few more new additional position added today after the news with price hitting the SNR level. Trade Safely & Wisely. Any comments are welcome for educational purposes only. Thank You {image}
ماشاء الله Perfect likewise
  • #594,477
  • May 12, 2021 7:09am May 12, 2021 7:09am
Quoting Sang.Real
{quote} GU Limit Order filled as planned earlier. (Previous post) Followed by market order on subsequent short entry. Trading need a lot of planning especially when red news are in play. Yesterday position still intact, with few more new additional position added today after the news with price hitting the SNR level. Trade Safely & Wisely. Any comments are welcome for educational purposes only. Thank You {image}
Fantastic. I missed the push up and it saddens me. Don't know if it will come back up as i await again and i don't want to enter sell now. Though my analysis show sell till 1.395. What do i know
  • #594,478
  • May 12, 2021 7:09am May 12, 2021 7:09am
Quoting Nd10
{quote} Lol Why so particular about this mate
No particular reason
  • #594,479
  • May 12, 2021 7:14am May 12, 2021 7:14am
Quoting Waveskierrob
{quote} Unlucky with your EG must have hit your stop
10 pips lower than my predicted 0.85750 "STOP" but i didn't exited ,i'm in draw 30 pips now ... i said 25 pips stop for ppl who need an "SL",but it's not my case...i'm in gain 80+ pips on UJ and is covering my draw pretty nice.So my EG is still alive and is going to win today.I am running a winning streak in the last 4 weeks, EG won't blow it
I'm The Real Deal Quant-XR ,The Financial Hacker
  • #594,480
  • May 12, 2021 7:15am May 12, 2021 7:15am
Quoting marshallanda
{quote} Seems like they already are! {image} Have a great day! Regards, Darion

MORE LUCK TO THEM
Precise Execution!
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