Cable Update (GBPUSD)
{quote} GU Price at SNR Level again. We may see reaction at London Close. Option one : closed all scalping trade, continue tomorrow Option two : Move to Positive Stop, to protect your position overnight. Price may slide down a bit to next minor level to test it. Plan this trade wisely. Maybe tomorrow will bring a bigger profit to you all. Good Luck and and trade well Sincerely Sang Real {image}
{quote} Attachment doesn't work fella. Hey we better keep the thread on topic before people start hurling things at us.
{quote} Am I right?{image}
{quote} I don't think that a manipulation trades by Institutional traders. Price react at SND/SNR level during the news and bounce up upon hitting it (expected moves) If you zoom out your chart, you will be able to see at which level price will pause and react. Price action at SNR level are crucial for day traders. Price may choose to respect/ignore/and whipsaw at SNR level. Depending on Price action and pattern. All I have to do in trading day is to wait for price to come to the level and take the trade. This is my newbie view on how price behaves...
{quote} 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
{quote} Thank you sir. I agree with you which is why I have been studying technical analysis mainly. But sometimes due to whipsaws, it is difficult to really pinpoint exactly where market wants to go but based on your analysis on looking left and where price whipsaw and stops at, I can understand what you are pointing out. Yes I believe they are open but likely have a limit on the number of people who can enter. I haven't got the chance to go over since COVID began. I see that your charts are mainly on 30 mins. Would like to have your opinion on...
