Disliked{quote} GU Closed previous scalp at SBR zone. Scalp again at rejection of SNR level. {image}Ignored
Can this spike not just be sellers closing position for profit rather than rejection?
1
Cable Update (GBPUSD)
- #596,962
- May 24, 2021 4:29am May 24, 2021 4:29am
- Joined Mar 2021 | Status: Crazy Frog | 3,775 Posts
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
- #596,964
- May 24, 2021 4:30am May 24, 2021 4:30am
- Joined May 2017 | Status: Intermediate Trader | 6,412 Posts
Selling is sometimes frustrating, required alot of patience and no doubt steel balls..i will not close my shorts until we go below 1.41... stubborn
Extreme gut feeling trader
- #596,966
- May 24, 2021 4:33am May 24, 2021 4:33am
- Joined May 2016 | Status: Clueless | 6,896 Posts
{quote} Mr lee will defend 080/50 area..
Let's continue to give it time and see how it goes.
- #596,967
- May 24, 2021 4:35am May 24, 2021 4:35am
- | Additional Username | Joined Mar 2020 | 1,607 Posts
{quote} GU Closed previous scalp at SBR zone. Scalp again at rejection of SNR level. {image}
Scalping long not doing well as planned.
May have to cut if drop below spikes.
Difficult day to scalp today.
Mixed signal.
- #596,968
- May 24, 2021 4:35am May 24, 2021 4:35am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
Loving the bearish look so faralthough knowing my luck as I type this we might end up at 142
I'm The Real Deal Quant-XR ,The Financial Hacker
- #596,970
- May 24, 2021 4:37am May 24, 2021 4:37am
- Joined Apr 2019 | Status: Trader | 5,796 Posts
Don't trade what you think. Just what you see!!!
- #596,971
- May 24, 2021 4:45am May 24, 2021 4:45am
- | Additional Username | Joined Mar 2020 | 1,607 Posts
{quote} GU Scalping long not doing well as planned. May have to cut if drop below spikes. Difficult day to scalp today. Mixed signal. {image}
Waiting for any bounce at previous minor SNR zone ( blue arrow).
May have to take a loss if break below the spikes candle.
Meanwhile, still holding the scalping long trade
Tough fight between Bull vs Bear
Note : This is scalping trade until NYO
- #596,972
- May 24, 2021 4:46am May 24, 2021 4:46am
- | Additional Username | Joined Mar 2020 | 1,607 Posts
Patience pays.
- #596,974
- May 24, 2021 4:48am May 24, 2021 4:48am
- Joined Aug 2009 | Status: Trader | 12,448 Posts
{quote} Yes, i got in at 0.86000 and was green almost all the time...but i have a problem to TP only 40 pips.Patience pays np, 9 days in accumulation will bring the bread and butter....As a rule, when i am in this type of situations and the market doesn't want to go , i add to my position every 24 hours It's not wasted time for me.
normally dont trade eg after you peaked my interest, I studied her last thursday & friday, seen an opportunity and took it, thanks to you :-) I will be partialling very soon I see 8642 as present resistance, will let the leftover run or get stopped, normally I would sell resist 8642, but Im still learning her quirks
If you are new to Forex? Say Goodbye to your account!!
- #596,975
- May 24, 2021 4:51am May 24, 2021 4:51am
- | Additional Username | Joined Mar 2020 | 1,607 Posts
{quote} How do you determine your bias? As in what signs you use to buy or sell? When support turns resistance means you sell when price goes back to resistance level on 1H chart? I'm trying to learn about scalping S&R but it's so confusing on some days.
today is very tight SNR level.
Adding to some Europe market are closed, it's difficult to get good scalp.
Even Canada is also closing today.
My bias is LONG based on Daily breakout last week.
Currently price is retest the last week Breakout level.
You can read my earlier post on how I choose to trade today. Several post back.
- #596,976
- Edited 5:08am May 24, 2021 4:52am | Edited 5:08am
{quote} normally dont trade eg after you peaked my interest, I studied her last thursday & friday, seen an opportunity and took it, thanks to you :-) I will be partialling very soon I see 8642 as present resistance, will let the leftover run or get stopped, normally I would sell resist 8642, but Im still learning her quirks {image}
I'm The Real Deal Quant-XR ,The Financial Hacker
- #596,977
- May 24, 2021 4:56am May 24, 2021 4:56am
- Joined Apr 2019 | Status: Trader | 5,796 Posts
Don't trade what you think. Just what you see!!!
- #596,979
- May 24, 2021 5:03am May 24, 2021 5:03am
{quote} Thank you too, i am following your posts.That's why we here , to exchange information and to make some profits.After 2 weeks acc EG will break 87...it's 3'rd time riding 86 - 87.
- #596,980
- May 24, 2021 5:06am May 24, 2021 5:06am
- | Additional Username | Joined Mar 2020 | 1,607 Posts
{quote} Cheers Bud. Them camels are expensive to run. Looks like it is running out of juice. Will just trail it off the 21 MA, but if the 1 hr candle closes in the range will be adding. I don't think this is going to run though!!
GU
H4
You're right Bro.
Today, I may have to take several losses. This consolidation and trend change makes it harder to trade.
Perhaps we should be discussing ways to determine trend change, consolidation, exhaustion ect.
It seams to me that most losses happen when market conditions change. Price making ranges with "M" formation.
It's my goal to become more adaptable to these changes.
Appreciate if everyone join the discussion on the subject.
Losses are inevitable in trading.
Better to manage them and make peace with them.
Thinking that losses will never occur will only give you a sense that you’re a bad trader every time you lose.
