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Cable Update (GBPUSD)

  • #596,481
  • May 20, 2021 11:45pm May 20, 2021 11:45pm
Hi everyone one. I am new here.
  • #596,482
  • Edited May 21, 2021 12:23am May 20, 2021 11:59pm | Edited May 21, 2021 12:23am
Entry and Trade Management

Entering the first trade is but difficult coz you're not sure it will hold.

That's why you can see I like to stack up my position after the first entry stick.

Normally I enter 1/10th of my position sizing to "test" if the trade works.

My interest is in taking One trade at a time, however there will come a time when I can stack trades up in the same direction when trending moves occur.

We will sometimes scale out of trades once target ranges are met so the roll back or retracing cant take profits from us.

The set up was done at Daily and/or H4. The idea is to stack the odds in your favor, to see setups that really standout and that scream at you.

Then scale down to H1/M30 and try to fine tune the entry.

One thing which I certainly do is the idea that orders stack up behind support and resistance.

Once these levels are breached price gains momentum.

However - these support & resistance levels are not always clear.

How often have we traded these and been faked out?

Often enough to make simple S&R trading not profitable, in my experience.

The logical solution is to enter later, but this often sees you lose a good chunk of the move and get stuck in consolidation.

Which brings me to my thoughts on how we can truly find an edge.

Regards

Sang Real

Edit : wrong chart. lol

Attached Image (click to enlarge)
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  • #596,483
  • May 21, 2021 12:42am May 21, 2021 12:42am
Quoting Sang.Real
Entry and Trade Management Entering the first trade is but difficult coz you're not sure it will hold. That's why you can see I like to stack up my position after the first entry stick. Normally I enter 1/10th of my position sizing to "test" if the trade works. My interest is in taking One trade at a time, however there will come a time when I can stack trades up in the same direction when trending moves occur. We will sometimes scale out of trades once target ranges are met so the roll back or retracing cant take profits from us. The set up was...
Always enjoy seeing your wisdom on this.

I notice a previous support level from the ranging at around 1.4182. Would you consider that as well or disregard it since it doesn't appear on 4H and Daily as prominently?
A 1 pip gain is better than a 1 pip loss.
  • #596,484
  • May 21, 2021 12:42am May 21, 2021 12:42am
Just sell @1.41850 SL 1.42000
wanna see some rejection near L.O
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #596,485
  • May 21, 2021 12:45am May 21, 2021 12:45am
Quoting Pipa1
{quote} It's dropping right now.We have targets like 1.40500 - 1.39500 - 1.3800 ...u might suffer some draw till 10 June PS. i was LONG at 1.38000 for 250 pips ride check my posts here on GU chat.U forgot what makes money here "Buy low, sell high" Am short here at 1.41400 , you do the math for me.
Don't get me wrong I like your posts but this one contradicts "It's dropping now" then say "might suffer draw till 10 June" ????. If you shout a direction long enough you will get your result
  • #596,486
  • May 21, 2021 12:54am May 21, 2021 12:54am
just woke up...

owh i missed that 20 bears...

the daily wait and see game begin .



Trade with prediction = witch with her visions lol
  • #596,487
  • May 21, 2021 1:02am May 21, 2021 1:02am
Quoting kris89
Just sell @1.41850 SL 1.42000 wanna see some rejection near L.O
SL banged ~ . ~
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #596,488
  • May 21, 2021 1:03am May 21, 2021 1:03am
Quoting kris89
{quote} SL banged ~ . ~
wekekekekekek

Trade with prediction = witch with her visions lol
  • #596,489
  • May 21, 2021 1:08am May 21, 2021 1:08am
Quoting PiploEscobar
Sell triggered @ 1.41616, 50% retrace of down move, re-test of rising TL. Let's see.
Stopped out. Should have taken the ~20 pips the market gave me early.
  • #596,490
  • May 21, 2021 1:10am May 21, 2021 1:10am
Quoting dimitricss
{quote} wekekekekekek
what your view brother today haha, seem bull in action to get some high today
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #596,491
  • May 21, 2021 1:10am May 21, 2021 1:10am
Quoting gytenas112
will it get back to 1.42.. this week?
1.4200
  • #596,492
  • May 21, 2021 1:13am May 21, 2021 1:13am
IMO it's a BEAR,
it could change if the high of the week will break with a close of 4h.

i may wrong.
  • #596,493
  • May 21, 2021 1:16am May 21, 2021 1:16am
maybe 1.4210 1.4220 can give bears 50-60 pips only. just maybe. just watching
  • #596,494
  • May 21, 2021 1:17am May 21, 2021 1:17am
its doesnt feel right , my vision still bear . may be a fake out , but i need confirmation . price stay in that near line
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #596,495
  • May 21, 2021 1:18am May 21, 2021 1:18am
today candle probability of closing bear
  • #596,496
  • Edited 1:34am May 21, 2021 1:19am | Edited 1:34am
They have started the crookery early today

No view just gonna be ultra cautious and wait for a solid setup if it arises

I don't see a major selling area until high 1.42s now. HOWEVER, DXY back on multi year support.. so anything can happen

Time for some hindsight analysis, totally missed that nice s/w zone on the 4h around 1.41
Attached Image (click to enlarge)
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  • #596,497
  • May 21, 2021 1:20am May 21, 2021 1:20am
Quoting maheeee
today candle probability of closing bear
where have you been so long time?
  • #596,498
  • May 21, 2021 1:20am May 21, 2021 1:20am
Quoting kris89
{quote} what your view brother today haha, seem bull in action to get some high today
i have no bias when im trading...

disciplined my self just to trade what i see and its not much,,, its only 10 to 20 ,,

coz sometimes bias become ego ...lol

but looked at the daily ,, the h4 ... the direction is up

Trade with prediction = witch with her visions lol
  • #596,499
  • May 21, 2021 1:25am May 21, 2021 1:25am
Quoting dimitricss
{quote} i have no bias when im trading... disciplined my self just to trade what i see and its not much,,, its only 10 to 20 ,, coz sometimes bias become ego ...lol but looked at the daily ,, the h4 ... the direction is up
not sure yet cause daily put some move and h4 havent close , still my feeling for bear today .
1.4200 have many hidden seller there , if price will go up , should already break that 1.4200 with at least 40-50 pip move , not lying like crappy shiity thing haha
the price action never hestite to move
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #596,500
  • May 21, 2021 1:31am May 21, 2021 1:31am
Quoting kris89
{quote} not sure yet cause daily put some move and h4 havent close , still my feeling for bear today . 1.4200 have many hidden seller there , if price will go up , should already break that 1.4200 with at least 40-50 pip move , not lying like crappy shiity thing haha the price action never hestite to move


youre right its lying there for sometimes..

see? im shitty on bias things

but i try my best to see and not failed my daily target. its only 10 to 20 for f***sake
Trade with prediction = witch with her visions lol
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