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Cable Update (GBPUSD)

  • #597,121
  • May 24, 2021 8:14pm May 24, 2021 8:14pm
Quoting kris89
As 1.41800 hold and price below it. Ill catch sell for ranging 1.41000 area . Still early for a big move. Maybe on LO or NYO
What's your reasoning for a 1.418 sell? I'm scouring my charts and show that as an unimportant zone. I'd advise holding off till at least 1.42
  • #597,122
  • May 24, 2021 8:26pm May 24, 2021 8:26pm
Quoting maheeee
{quote} 50 to 70 pips
Didn't happen
  • #597,123
  • May 24, 2021 8:30pm May 24, 2021 8:30pm
Quoting Sang.Real
{quote} GU End of scalping find new set up tomorrow. {image}
GU

Quick Scalping Asia session.

Small position TP & SL placed.

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  • #597,124
  • May 24, 2021 8:33pm May 24, 2021 8:33pm
Quoting Pretense
{quote} What's your reasoning for a 1.418 sell? I'm scouring my charts and show that as an unimportant zone. I'd advise holding off till at least 1.42
There is always have a zone. If u can see it. There you are . Sang real was posting it rn. I learn to see simple area from sang real
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #597,125
  • May 24, 2021 8:39pm May 24, 2021 8:39pm
Quoting Ieis5
Is using tick candles better for scalping tan 1-minute candles?
Hi

This link will lead the answer to your question.

They discuss it there in details

Hope it helps


https://www.forexfactory.com/thread/...chart-scalping
  • #597,126
  • May 24, 2021 8:43pm May 24, 2021 8:43pm
Quoting Ieis5
Is using tick candles better for scalping tan 1-minute candles?
Range bars set to 5 pips and macd idicator.
"A true speculator tries the market small." - Jesse Livermore
  • #597,127
  • May 24, 2021 10:30pm May 24, 2021 10:30pm
Quoting Sang.Real
{quote} GU Quick Scalping Asia session. Small position TP & SL placed. {image}

GU

Nearing to SL.

Price broke above SBR. May have to wait for retest later.
Transparent & Foresight

This the scenario when you have a sideway market.
(inside of a small S/R level pushing price just right side of the chart without going up and down).

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  • #597,128
  • May 24, 2021 11:22pm May 24, 2021 11:22pm
Quoting kris89
As 1.41800 hold and price below it. Ill catch sell for ranging 1.41000 area . Still early for a big move. Maybe on LO or NYO
my SL still on 1.4200 last high , cant near it will force price do the next move downward
Attached Image (click to enlarge)
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"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #597,129
  • May 24, 2021 11:24pm May 24, 2021 11:24pm
Quoting Sang.Real
{quote} GU Nearing to SL. Price broke above SBR. May have to wait for retest later. Transparent & Foresight This the scenario when you have a sideway market. (inside of a small S/R level pushing price just right side of the chart without going up and down). {image}

GU


Earlier trade stopped out.

Re-entry scalp.

SL/TP in placed.

NOTE : This is not signal service. It's my own trade entry for others to give comment and view for educational purposes only.
To be honest, I don't know everything, unfortunately lol.
This is about growth, not only for myself but for every other trader out there, lets talk trading set up.

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  • #597,130
  • May 24, 2021 11:30pm May 24, 2021 11:30pm
gold is @ interesting level, 4hr falling wedge, last candle broke through with little dump, pa is back to retest that bo right now well worth an eyeball for a short, r/r is great entry is cheap :-) hrly 200sma marker !!!
If you are new to Forex? Say Goodbye to your account!!
  • #597,131
  • May 24, 2021 11:33pm May 24, 2021 11:33pm
Quoting Sang.Real
{quote} GU Earlier trade stopped out. Re-entry scalp. SL/TP in placed. NOTE : This is not signal service. It's my own trade entry for others to give comment and view for educational purposes only. To be honest, I don't know everything, unfortunately lol. This is about growth, not only for myself but for every other trader out there, lets talk trading set up. {image}
same setup like your but my target more below as the price on higher TF is hitting the top channel , wish the big move below , as tommorow is wednesday
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #597,132
  • May 24, 2021 11:40pm May 24, 2021 11:40pm
Long in at 1.4182 and 83
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Don't trade what you think. Just what you see!!!
  • #597,133
  • May 24, 2021 11:59pm May 24, 2021 11:59pm
Quoting gatenio
{quote} im still holding some long for retrace friday and today move on cable and keep adding.. guts feeling today 1.419 idk why
although 30M break my 1st tp zone and going to my 2nd to zone at 1.4189-1.4196
i decided to close all my long at 1.4172.

now im looking for bearish signs.. remember 4h still in bearish setup.. until 4h close above 1.422
  • #597,134
  • May 25, 2021 12:00am May 25, 2021 12:00am
Quoting Theoak
Long in at 1.4182 and 83 {image}

I've to closed my short position since The Oak taking a long trade.

Most probably my short won't survive his onslaught.

Take tiny profit to cover cost.

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  • #597,135
  • May 25, 2021 12:01am May 25, 2021 12:01am
Quoting Theoak
Long in at 1.4182 and 83 {image}
Theoak, what platform do you use? Trading station?
  • #597,136
  • Edited 12:49am May 25, 2021 12:09am | Edited 12:49am
Quoting mysterio
Wild stab at what's next. Up to 1.42ish then crash again to 1.41. Maybe. Would fit in with the M pattern. Not trading it purely for shits and giggles, will see where we're at in the morning. https://www.tradingview.com/x/oZMVlUty/
Possible savage 200 pip bear market from this area

If and only if 89.69 on dxy holds solidly

Coming up to dollar demand area https://www.tradingview.com/x/7au3XHck/

I ended up shorting on the wedge break-it may be early. 1.4178. Pattern breakouts at this time can frequently be traps, may just be a brief kick down before back up to the zone, not sure
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  • #597,137
  • May 25, 2021 12:11am May 25, 2021 12:11am
Quoting Sang.Real
{quote} I've to closed my short position since The Oak taking a long trade. Most probably my short won't survive his onslaught. Take tiny profit to cover cost. {image}
likely 4160/70 for next bull run.

Now 4185 resisted
Intraday only.
  • #597,138
  • May 25, 2021 12:12am May 25, 2021 12:12am
I've been long since 1.4138 over night tp set at 1.4192 SL at 1.4171

Limit pending sell 1.4193 with SL 1.4209
  • #597,139
  • May 25, 2021 12:15am May 25, 2021 12:15am
Quoting mysterio
{quote} Possible savage 200 pip bear market from this area {image}
Thinking at the same zone to short.

There's RN and Flag Limit area to take into consideration with the set up.

May want to scalp long and let price push up to the zone at LO

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  • #597,140
  • May 25, 2021 12:19am May 25, 2021 12:19am
Quoting Sang.Real
{quote} Thinking at the same zone to short. There's RN and Flag Limit area to take into consideration with the set up. May want to scalp long and let price push up to the zone at LO {image}
Yea-it is the classic M pattern with 0.618 retrace leg which is making me so bold with the target, too (as well as your reasons, and the supply area)
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