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Cable Update (GBPUSD)

  • #595,461
  • May 17, 2021 6:24am May 17, 2021 6:24am
Hello friends
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  • #595,462
  • May 17, 2021 6:29am May 17, 2021 6:29am
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yes yes yes
  • #595,463
  • May 17, 2021 6:31am May 17, 2021 6:31am
Do or die time for dixy

A solid move up here will help us with our 1.4050

I am still holding a GU short
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  • #595,464
  • May 17, 2021 6:36am May 17, 2021 6:36am
It's time to get +100 pips from the sell
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  • #595,465
  • May 17, 2021 6:38am May 17, 2021 6:38am
Hi as I said before, this is an algorithmic agony. No one trades like this and this PA is not man made.
Most of the people here who made profit on the trend, will lose it to the choppiness. Stop trying to beat the choppy market. Analyze your timeframe, set up your levels and wait for a breakout.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #595,466
  • May 17, 2021 6:44am May 17, 2021 6:44am
Quoting NotAtrader
Hi as I said before, this is an algorithmic agony. No one trades like this and this PA is not man made. Most of the people here who made profit on the trend, will lose it to the choppiness. Stop trying to beat the choppy market. Analyze your timeframe, set up your levels and wait for a breakout.
For day traders and scalping traders it's a normal day.
  • #595,467
  • May 17, 2021 6:46am May 17, 2021 6:46am
MY EG starting to bite ,+ 26 pips now , TP +150
I'm The Real Deal Quant-XR ,The Financial Hacker
  • #595,468
  • May 17, 2021 6:46am May 17, 2021 6:46am
Quoting Tim_isoara
{quote} For day traders and scalping traders it's a normal day.
Got to love the chop
  • #595,469
  • May 17, 2021 6:50am May 17, 2021 6:50am
Range trading heaven !!!

Close to being over though. ! No, I have to wait for it to break apart first.

But if 4085 is not hit before 4112, is it not contained pretty well in momentum and favors bulls at that moment?

Buy stop 4112 ?

No, I have to wait for this choppy range to break apart first, and keep range scalping in the meantime.
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #595,470
  • May 17, 2021 6:52am May 17, 2021 6:52am
Quoting NotAtrader
Hi as I said before, this is an algorithmic agony. No one trades like this and this PA is not man made. Most of the people here who made profit on the trend, will lose it to the choppiness. Stop trying to beat the choppy market. Analyze your timeframe, set up your levels and wait for a breakout.
Why wait. Plenty cash to be made here. While breakout traders are waiting to get faked out and whipsawed I was in at the top of the range
  • #595,471
  • May 17, 2021 6:55am May 17, 2021 6:55am
Quoting mysterio
{quote} Why wait. Plenty cash to be made here.
On 25 pips range? 25 pips range is not even enough to avoid your SL getting hit.

Well that’s what I call magic. Your SLs must be very tight then and your entry next to perfect.
Congrats on that.

Well it’s not exactly 25 pips, but not very far from that. Between 7AM CET and the moment of writing the range has been 39 pips. This is kind of small ranging for me. I need obviously more volatility.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #595,472
  • May 17, 2021 6:56am May 17, 2021 6:56am
Quoting Waveskierrob
{quote} Got to love the chop
I love day trading. Market is in range 80% of the time.
  • #595,473
  • May 17, 2021 6:59am May 17, 2021 6:59am
Quoting Sang.Real
{quote} GU Very tight scalping within the SNR ranges (light green and aqua band). In/Out until proper set up. With this small movement, I realize the market always prepares silently its next move, hiding its intention, trapping traders as much as possible. This teach us to spot and read the subtle clues left by the market, betraying its intention. Another question I ask my self is why the market gives such clues... {image}
GU

Scalping day.

Take whatever she want to give today within 35 pips ranges.

Maybe NY will bring a breakout at Support/Resistant Level.

If not, just scalp all the way.

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  • #595,474
  • May 17, 2021 7:00am May 17, 2021 7:00am
Quoting Tim_isoara
{quote} I love day trading. Market is in range 80% of the time.
Exbloodyactly
  • #595,475
  • May 17, 2021 7:07am May 17, 2021 7:07am
Quoting Waveskierrob
{quote} Got to love the chop

I prefer medium well Lamb Chop.
  • #595,476
  • May 17, 2021 7:10am May 17, 2021 7:10am
Quoting Tekin
{quote} buying from 1.40865 maybe can give some speedy 60-80 pips. waiting in patience
lets check if its true or false
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  • #595,477
  • May 17, 2021 7:11am May 17, 2021 7:11am
Quoting Tim_isoara
{quote} I love day trading. Market is in range 80% of the time.
Yea, this is my bread and butter, too. Experienced cable traders can easily have done 100 pips/10-20xR by now

I've done my 50 and will do something else for the day now. The levels were set at 3am and 8am.. just supply and demand/SnR bounces. Can do 10 pips SL or less if you know how to read the 5 minute/1 minute tape

Left a runner for 1.4055 if it hits.. now will go do something else for the day

https://www.tradingview.com/x/cmgYdw36/
  • #595,478
  • May 17, 2021 7:12am May 17, 2021 7:12am
Do pay attention to 1.405-1.406 zone. Can be long to 1.41 again. Then down again more
  • #595,479
  • May 17, 2021 7:17am May 17, 2021 7:17am
Quoting MarcellusLux
{quote} Hi, I dont trade on demo. Yes, this is the resistance level, but now I entered according to the trend, and I did not want to wait until the resistance was overcome and lose points of movement. At the same time, it is enough for me to see the stronger resistance level 1.41700, which will likely pull up the price for testing.
wow respect u bro.. great job man..
  • #595,480
  • May 17, 2021 7:18am May 17, 2021 7:18am
swissy i think has completed testing the 0.9 level.. cable might head south imho.
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