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Cable Update (GBPUSD)

  • #596,601
  • May 21, 2021 5:33am May 21, 2021 5:33am
Quoting KiwiTrada
pa now 1 4217 previous daily high 1 4218, next high is 1 4238, I have sold 1 4216 13 pip sl!!!
that didnt go so good re enter 1 4232 17 pip sl mm feeling good
If you are new to Forex? Say Goodbye to your account!!
  • #596,602
  • May 21, 2021 5:34am May 21, 2021 5:34am
Quoting parshal
{quote} there might be 2 possibilities that I am looking 1. Down to 1.4160 an then 1.429x (after break of 1.419x) 2. or else straight to 1.429x (after break of 1.4225) Lets see how it plays
1.4238 to break to go UP
dolce vita
  • #596,603
  • May 21, 2021 5:35am May 21, 2021 5:35am
Quoting Headland
I haven't understood the rush to short this thing by some on a strongly trending day (double bottom etc...) in a strong trend overall 1hr+....yes there is potential resistance but it is just that 'potential,' and in strongly trending days/momentum supp/res tends to get broken. In such conditions the highest probability counter trend plays are @ confluence and/or when price exceeds adr/awr/amr etc.. ranging conditions are different - supp/res plays are generally good all day long. This is not to say that price won't pullback or outright reverse -...

you are forgetting R/R short is far greater than long here :-)
If you are new to Forex? Say Goodbye to your account!!
  • #596,604
  • May 21, 2021 5:37am May 21, 2021 5:37am
Quoting KiwiTrada
{quote} you are forgetting R/R short is far greater than long here :-)
It may be but R:R isn't risk as relates to probability - hi or lo of a successful outcome. Just because something may have an apparently attractive R:R doesn't make it a lo risk trade. Your 1st thought should be chances of a successful outcome not R:R, that is the 2nd consideration when you identify a hi-probability trading opportunity/set-up. Also per your post - it depends where you long/longed from as to what the R:R may be for longs.
Trader with an Edge.
  • #596,605
  • May 21, 2021 5:37am May 21, 2021 5:37am
Quoting mysterio
Lol Friday, back to babypips {image}

giant pips ..baby lot

Trade with prediction = witch with her visions lol
  • #596,606
  • May 21, 2021 5:37am May 21, 2021 5:37am
Quoting bigiivan
{quote} Wonderful! Thanks! But sooner or later this mother fuc.er is going to crash. And don't forget today it is frYday!
Fry all stoploss lol
  • #596,607
  • May 21, 2021 5:38am May 21, 2021 5:38am
Quoting Headland
I haven't understood the rush to short this thing by some on a strongly trending day (double bottom etc...) in a strong trend overall 1hr+....yes there is potential resistance but it is just that 'potential,' and in strongly trending days/momentum supp/res tends to get broken. In such conditions the highest probability counter trend plays are @ confluence and/or when price exceeds adr/awr/amr etc.. ranging conditions are different - supp/res plays are generally good all day long. This is not to say that price won't pullback or outright reverse -...
You're right, and I believe it's a psychological thing, it is very easy to be in a mode of trading a range and looking for reversals at extremes of price (market is ranging most of the time), it can sometimes be quite difficult to quickly switch gears and just buy something that's going up. Quite often in FX if you've seen the move and you're not in it, then you're too late and will get whipsawed-so this pain is in peoples minds when considering whether to buy something that's already made strong moves up.
  • #596,608
  • May 21, 2021 5:43am May 21, 2021 5:43am
Quoting Headland
{quote} It may be but R:R isn't risk as relates to probability - hi or lo of a successful outcome. Just beacuse something may have an apparently attractive R:R doesn't make it a lo risk trade. Also per your post - it depends where you long/longed from as to what the R:R may be.
my R/R is 1-5 irrespective of entry point, if I dont see 1-5 potential is no entry, i am also looking to enter short geppy :-) daily has nice rising channel @ resistance & utl of channel this has een building over last nine days I have been extremely patient with her, but ready to enter
If you are new to Forex? Say Goodbye to your account!!
  • #596,609
  • May 21, 2021 5:43am May 21, 2021 5:43am
Quoting bigiivan
{quote} Wonderful! Thanks! But sooner or later this mother fuc.er is going to crash. And don't forget today it is frYday!
Stops at BE. FREE BET. I think there is too much of trying to pick "tops and bottoms". Big money can see these too. If your strategy works then keep doing it!

Basically, I hit a target bank the Buggs Bunny. Then the rest is a free bet with no psychological disadvantages. Just let it run
Don't trade what you think. Just what you see!!!
  • #596,610
  • May 21, 2021 5:43am May 21, 2021 5:43am
Quoting SteadyAsItGo
long by retail sales should be enough for profit movement for that is over now seems likely it is a bull trap imo so i short
no dude this one is real
Insane in the Brain..
  • #596,611
  • May 21, 2021 5:44am May 21, 2021 5:44am
Quoting Sang.Real
GU If another Inside day, we can see price scramble down to 1.41 If bounce from SRF on BO, we can expect price to go higher. Price hasn't make its move yet, nothing to confirm its intention and dirextion. Wait for proper set up to appear. Chart below for clarity. Any comment are welcome for educational purposes only. Good luck all & take care. Sang Real Inside day/ Daily {image} SRF/BO H1 {image}

GU

Price bounce off SRF after the false break out (pre-LO)

Break the TL.

Coming down to retest the RN and SBR zone.

Target above. If retest successful. If not price will slide down to SRF zone again.

Closed all position. Will continue later at NYO at retest zone.


NOTE : Chart won't load up. Got three chart to load

Give me 5 to load chart


H1 Overall chart. Mapping for day trade.

Attached Image (click to enlarge)
Click to Enlarge Name: GU 171.jpg Size: 354 KB

M5 Entry and additional entry point. Retest SBR later.

Attached Image (click to enlarge)
Click to Enlarge Name: GU 170.jpg Size: 204 KB


M30 break out point
Attached Image (click to enlarge)
Click to Enlarge Name: GU 172.jpg Size: 269 KB
  • #596,612
  • May 21, 2021 5:46am May 21, 2021 5:46am
Hope for mr liu to step in..
Peace Yo!
  • #596,613
  • May 21, 2021 5:47am May 21, 2021 5:47am
Quoting Nordling00
{quote} Let's wait and see, we have time until 10th of June. Get my money ready Mr. Pipa
Well done bro..
where is your target?
Peace Yo!
  • #596,614
  • May 21, 2021 5:47am May 21, 2021 5:47am
I believe the selling will start now then look for a fib retracement of this morning impulse to buy again. IMO. 1.42 or a bit below, PA dependent
  • #596,615
  • May 21, 2021 5:50am May 21, 2021 5:50am
Dear BEARS be ready for the flash crash.We are in a similar situation on multiple intruments.But in this picture you can see the similarity in accumulation of GU and Gold LIVE vs historical data of GBPCHF from 2-3 April 2021.In all 3 situations massive accumulation with POC(point of control) right on top of the market.This is not a regular price x time x volume data.My algorithm simulates and accumulate the number of positions taken by MM to put the scalpers out of the trading range in order to avoid a possible TP. Don't take this statement as a trading indication, but check in the second picture 24 hours later GBPCHF 400 pips lower.The time is near.Only a fool would risk to buy this kind of market on top of the rally.TRADING IS ONLY ABOUT BUYING LOW /SELLING HIGH ...
Fireworks in progress.
....Live data + Historical data GBPCHF before the crash
Attached Image (click to enlarge)
Click to Enlarge Name: Live.PNG Size: 100 KB

...This is what happen when you buy at TOP....only 24 hours later and a 100% blown account
Attached Image (click to enlarge)
Click to Enlarge Name: Historical.PNG Size: 105 KB
I'm The Real Deal Quant-XR ,The Financial Hacker
  • #596,616
  • May 21, 2021 5:52am May 21, 2021 5:52am
Let’s hope the dumb ass bears do show up
Insane in the Brain..
  • #596,617
  • May 21, 2021 5:54am May 21, 2021 5:54am
Quoting BeeTogether
Let’s hope the dumb ass bears do show up
You bearish or bullish?
  • #596,618
  • May 21, 2021 5:55am May 21, 2021 5:55am
Quoting Nd10
{quote} You bearish or bullish?
for my many sins I’m still bearish
Insane in the Brain..
  • #596,619
  • May 21, 2021 5:56am May 21, 2021 5:56am
Quoting voeltoez
{quote} Fry all stoploss lol
And we are free to go down.
  • #596,620
  • May 21, 2021 6:00am May 21, 2021 6:00am
...some comfort for the bears maybe? Still got the rising wedge thingy (?) on dly, below.

1hrPinbar close.
Attached Image (click to enlarge)
Click to Enlarge Name: 31d38723646aa671daa96c8934ba6da1.png Size: 52 KB
Trader with an Edge.
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