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Cable Update (GBPUSD)

  • #597,021
  • May 24, 2021 7:31am May 24, 2021 7:31am
i dont trade 30m, but massive bullish setup
1st target 1.416
2nd target 1.419
  • #597,022
  • May 24, 2021 7:36am May 24, 2021 7:36am
No one can predict the market

1st : Right Mindset
2nd : Right System ( 50/50 )
3rd : Right attitude ( Win/Loss )
  • #597,023
  • May 24, 2021 7:40am May 24, 2021 7:40am
Quoting ricmaj
{quote} spike lee is just way around the corner

Allow me to remind you that day trading/investing is not about being right or wrong with our prediction/guessing but about taking our proven/tested setups based on our method/strategy of trading.

I never trade with a large stop loss.

It is hard to make good profit if you have large stop losses and you need a very large account to make it worth it.

I try to make as many "R" as I can per trade. If I have say a 50 pip stop that means I have to have my take profit at +100 pip to make one "R". Not my cup of tea.

Remember you can make a great trade with very little drawdown. As long as you understand where you are in the bigger story.

Then use the smaller time frame for entries. I take a lot of my scalping trades on the 30min-60min TF but my scalping trade is actually a 4 hour or daily.

So my TP is always on the higher TF.

This is how I get small stops and bigger profits. But you have to be able to read the larger TF story.
Which means you need to understand price action very well.
  • #597,024
  • May 24, 2021 7:43am May 24, 2021 7:43am
Not sure but I see double top and no bottom yet
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Insane in the Brain..
  • #597,025
  • May 24, 2021 7:45am May 24, 2021 7:45am
Quoting Sang.Real
{quote} Allow me to remind you that day trading/investing is not about being right or wrong with our prediction/guessing but about taking our proven/tested setups based on our method/strategy of trading. I never trade with a large stop loss. It is hard to make good profit if you have large stop losses and you need a very large account to make it worth it. I try to make as many "R" as I can per trade. If I have say a 50 pip stop that means I have to have my take profit at +100 pip to make one "R". Not my cup of tea. Remember you can make a great...
A lot of times trades goes against you if you

a). Not know where you are in the larger story or
b). The larger player is trying to build orders before it takes off.

Have you ever taken a trade and know you got everything right and then it stops you out and then goes the way you thought?

Sure you have, This is not a market maker.
This is the fact that the larger player can only move price if there is enough buyers to sell to or enough sellers to buy from.
The larger player knows this so they will move price to make people jump on board so that there is an influx of orders that they can take advantage of.

This is the only way they can move large amounts of money through the market.
That's why I like to scalp my way thro trades to aviod the manipulation of prices by big players.
  • #597,026
  • May 24, 2021 7:52am May 24, 2021 7:52am
The bulls will do anything in their power to prevent closing below 1.4130 in H4 TF.

The bears don’t seem to agree.

Let’s see. I got my popcorn
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #597,027
  • May 24, 2021 7:52am May 24, 2021 7:52am
Quoting JayBag
{quote} That will be yet to be seen. I still think Mr Liu may have plans to make his presence known in one single kick. Let's continue to give it time and see how it goes.
Hi JB.


Bulls may only be having a temporary feasting.
But Beware as Bears are probably just taking a breather.
Too kind to allow the Bulls to feast for awhile.....

Gives us "scalpers" to earn some money from long trades here.

Then you can invite Mr Liu to start his show.

Sang Real
  • #597,028
  • May 24, 2021 7:56am May 24, 2021 7:56am
i can't find the words for it anymore
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yes yes yes
  • #597,029
  • May 24, 2021 8:06am May 24, 2021 8:06am
Quoting Moty
i can't find the words for it anymore {image}

I think they wanted to load more longs, that's why the earlier spike downwards fast and pick their orders without giving the trapped shorts time to escape. Same tactic every time.

Those shorts at the bottom are trapped where Smart Money was loading up longs.
Will they be kind and release them?
Possibly if they want to load up more longs or in order to get more retail longs to fold.
But I wouldn't be staking too much on it, they love to trap.

I think the short spike earlier was a trap.

I not sure & I don't know.
  • #597,030
  • May 24, 2021 8:11am May 24, 2021 8:11am
Quoting Sang.Real
{quote} Hi JB. Bulls may only be having a temporary feasting. But Beware as Bears are probably just taking a breather. Too kind to allow the Bulls to feast for awhile..... Gives us "scalpers" to earn some money from long trades here. Then you can invite Mr Liu to start his show. Sang Real
Hi Sang,

I think Mr Liu may want to begin his job just around weekly open. If anything, Liu seems to be a very patient guy

Anyway, let's see today's close.
Just a lot going on that's not even in plain sight

Let's see
Be Kind
  • #597,031
  • May 24, 2021 8:13am May 24, 2021 8:13am
There is something I am confident of give and take GBPUSD will touch 1.39900 before next Monday on the long term. I might be wrong too .
  • #597,032
  • May 24, 2021 8:14am May 24, 2021 8:14am
Quoting JayBag
{quote} Hi Sang, I think Mr Liu may want to begin his job just around weekly open. If anything, Liu seems to be a very patient guy Anyway, let's see today's close. Just a lot going on that's not even in plain sight Let's see Be Kind

Thanks JB.

But please gives us an advance notice, like 2 hours ahead so we can pack our bags and stand aside...
  • #597,033
  • May 24, 2021 8:16am May 24, 2021 8:16am
wanna buy ? = Not Yet
Wanna Sell ? = Too Late.

Patient is Virtue
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  • #597,034
  • May 24, 2021 8:19am May 24, 2021 8:19am
With my limited experience in CIRCLES (A different kind of TA), anything above 1.415 was an extra shoot with no actual base. Knowing this, I won't be surprised to see a serious DECLINE starting today. Please be careful as I am only speculating before the fact.

By now, my bias is pretty obvious.
Let's have a productive day gang

Life is hard enough, treat anything that breathes with love and care.
  • #597,035
  • May 24, 2021 8:21am May 24, 2021 8:21am
Quoting Moty
i can't find the words for it anymore {image}
just a retrace 61.8 from today hi lo
this downn cycle will not complete without touching 080 min..
Peace Yo!
  • #597,036
  • May 24, 2021 8:21am May 24, 2021 8:21am
Quoting Sang.Real
{quote} Thanks JB. But please gives us an advance notice, like 2 hours ahead so we can pack our bags and stand aside...
Why would you wanna stand aside? If/when Mr Liu actually arrives, I'd say you find a way to enter his good book (You get my point)
Unless you don't want to
  • #597,037
  • May 24, 2021 8:24am May 24, 2021 8:24am
Quoting meugampong
wanna buy ? = Not Yet Wanna Sell ? = Too Late. Patient is Virtue {image}

Where is your TP ?
  • #597,038
  • May 24, 2021 8:26am May 24, 2021 8:26am
Quoting Sang.Real
{quote} Where is your TP ?
open TP
  • #597,039
  • May 24, 2021 8:26am May 24, 2021 8:26am
Quoting JayBag
{quote} Why would you wanna stand aside? If/when Mr Liu actually arrives, I'd say you find a way to enter his good book (You get my point) Unless you don't want to

Definitely, I like to join his band.

But I prefer to wait for pull back/first retracement , then entering my short together with Mr. Liu.
  • #597,040
  • May 24, 2021 8:29am May 24, 2021 8:29am
Quoting meugampong
{quote} open TP
You're up 110 pips earlier,

Now you got 70 pips

Soon 50 pips.

Better TP now, or it will take your SL
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