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Cable Update (GBPUSD)

  • #595,721
  • May 18, 2021 4:43am May 18, 2021 4:43am
Quoting windows1087
I'm sitting since 2 weeks on my cable i wanted to sell and bought on 1.39808
you bought instead of selling by mistake at 1.39808? If so, beautiful mistake mate ! If not, really nice trade !

Me, when Im stuck in profit for soo long in these strong parts of a trend, I prefer to exit late. I never know how far they will go and they too often exceed average moves.

Lets wait and see when the bears really charge in ! Right now though, I m a bit worried about them
Attached Image
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #595,722
  • May 18, 2021 4:43am May 18, 2021 4:43am
Quoting gatenio
{quote} if you will stay till your tp i will fund your account with your average deposit 125$?
Hahahahahahahahahah, you are a trouble maker.....
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #595,723
  • May 18, 2021 4:48am May 18, 2021 4:48am
Quoting mtako
{quote} new setup on pullback within momentum, expiring in 30min : Buy stop 42035, closed if it is under 4202 20m from entry time. Dynamic TP at .4137, dynamic SL .4182
Kept my last position open as got a new setup right before expiry.. SL 4182. Wish me luck !
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #595,724
  • May 18, 2021 4:48am May 18, 2021 4:48am
first GU short

scalping
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  • #595,725
  • May 18, 2021 5:07am May 18, 2021 5:07am
Quoting martinez1
{quote} The feeling of genius when we have winnings consistently spanning across different trades until the market decides to spank our asses. Lol
Oh sometimes it does, in early April i was long on gbp/usd and AstraZeneca news spanked my ass hahaha Well we are no soothsayers so it happens, what counts is taking lessons from our wrongs and improve everyday. Always one step at a time, after doing this for a while you can't believe how successful you have become.
You have to have an IQ higher than 90 to interact with this user.
  • #595,726
  • May 18, 2021 5:08am May 18, 2021 5:08am
Quoting martinez1
{quote} The feeling of genius when we have winnings consistently spanning across different trades until the market decides to spank our asses. Lol
Yea I heard someone say recently, as soon as you think you've mastered the markets, and start dreaming that you think you've cracked it is the most dangerous time and you're likely to be humbled.

I can vouch for this, after only 6 months experience I can at least say i'm profitable but every 6-8 weeks get a 'scary' drawdown around 10-15%, nearly always comes from being too confident and relaxed about my setups. Then get back to basics and go on to have another winning streak, rinse and repeat. I would love to know what the secret is to just robotically executing on your strongest setups then walking away.

Bragging about wins on here doesn't bother me, it's natural, the gloating and sneering at others losing is really ugly though

Looking at this as the potential range in GU before NY

https://s3.tradingview.com/snapshots/6/60nQlaXz.png
  • #595,727
  • May 18, 2021 5:11am May 18, 2021 5:11am
Quoting mysterio
{quote} Yea I heard someone say recently, as soon as you think you've mastered the markets, and start dreaming that you think you've cracked it is the most dangerous time and you're likely to be humbled. I can vouch for this, after only 6 months experience I can at least say i'm profitable but every 6-8 weeks get a 'scary' drawdown around 10-15%, nearly always comes from being too confident and relaxed about my setups. Then get back to basics and go on to have another winning streak, rinse and repeat. I would love to know what the secret is to just...
How do you get those bars on trading view?
Insane in the Brain..
  • #595,728
  • May 18, 2021 5:13am May 18, 2021 5:13am
For me no shorts until 1.4240-50
  • #595,729
  • May 18, 2021 5:13am May 18, 2021 5:13am
Quoting BeeTogether
{quote} How do you get those bars on trading view?
Sorry which ones?
  • #595,730
  • May 18, 2021 5:16am May 18, 2021 5:16am
..challenging the new prev 1hr sw hi zone=prev res=potential res to today's current 4220 hi now.

1hr below.
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Trader with an Edge.
  • #595,731
  • May 18, 2021 5:19am May 18, 2021 5:19am
Quoting mysterio
{quote} Sorry which ones?
the red and green ones. That show the potential range you mentioned...
Insane in the Brain..
  • #595,732
  • Edited 5:40am May 18, 2021 5:23am | Edited 5:40am
Quoting BeeTogether
{quote} the red and green ones. That show the potential range you mentioned...
They are manually drawn S&D zones

Just look for the source of a strong move and wait for price to return there. Probably the most powerful scalping technique i've found for cable. Bull candle before the down move or bear candle before the up move. Combine with HTF zones for swing trading. S&D theory says theres a block of unfilled orders here from the previous move and price will move between zones until buyers outnumber sellers or vice versa. License to print money.. as long as you don't get greedy and grab quick profits (edit- I just took 10 pips here, its fine- just do it multiple times a day )
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  • #595,733
  • May 18, 2021 5:38am May 18, 2021 5:38am
Quoting mysterio
{quote} They are manually drawn S&D zones .. as long as you don't get greedy and grab quick profits {image} {image}
Great post...and if wanting to hold for more profit if think it could be a big move - ie if price has hit a potential supply or demand zone on more than one t/f above that your entry is on...then look at the consecutively higher t/f candles from that your entry was on and see how they close. Ie if entering on 1min, look at 5min close first, then 15min, then 30min etc.. it's so easy to get shaken out too early by candles on the t/f you took your entry from. This said - it's more an art than a science.
Trader with an Edge.
  • #595,734
  • May 18, 2021 5:40am May 18, 2021 5:40am
Quoting gatenio
first GU short scalping {image}
Cut it plus few dollars..
I dont like the tempo

sideline till clear setup, i dont want to gamble.
  • #595,735
  • May 18, 2021 5:42am May 18, 2021 5:42am
dx daily low 89.660
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yes yes yes
  • #595,736
  • May 18, 2021 5:43am May 18, 2021 5:43am
the boom is coming just saying
Precise Execution!
  • #595,737
  • May 18, 2021 5:43am May 18, 2021 5:43am
Quoting mysterio
{quote} ..... (edit- I just took 10 pips here, its fine.....) {image} {image}
It was a great example of the technique as price entered that potential supply zone up to today's current 4220 hi.
Trader with an Edge.
  • #595,738
  • May 18, 2021 5:46am May 18, 2021 5:46am
Quoting gatenio
{quote} Cut it plus few dollars.. I dont like the tempo sideline till clear setup, i dont want to gamble.
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yes yes yes
  • #595,739
  • May 18, 2021 5:49am May 18, 2021 5:49am
Quoting varun76
the boom is coming just saying
Up or Down Bro?
  • #595,740
  • May 18, 2021 5:52am May 18, 2021 5:52am
Quoting parshal
{quote} Wait until DXY 89.69 perhaps
just touched!
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