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Cable Update (GBPUSD)

  • #598,001
  • May 27, 2021 10:20am May 27, 2021 10:20am
Quoting donakpos
{quote} Nice call....this is why I am on buy till 1.4300 at least. Price is on a support looking at the monthly. While other time frames are tempting for a sell...the month chart shows that this month has to end as a bull candle. And may still buy thru June before a possible price action for a sell. Monthly time frame is king.
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Profitable Business Buys lows and Sells highs
  • #598,002
  • May 27, 2021 10:21am May 27, 2021 10:21am
I’m playing with a tight SL I think we could hit 142 today. Will see if I scan scalp for a better short entry tomorrow
Insane in the Brain..
  • #598,003
  • May 27, 2021 10:28am May 27, 2021 10:28am
hit target six hours early put your feet up take profits enjoy lakers suns game 3 you deserve it
twitter: @gettoefl
  • #598,004
  • May 27, 2021 10:31am May 27, 2021 10:31am
Quoting Moty
20 pips at least for grab {image}
mf , they went 15 pips up and down
crooky gu
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yes yes yes
  • #598,005
  • Edited 2:01pm May 27, 2021 10:36am | Edited 2:01pm
Will sell a pullback

Sold 1.4185 TP open, SL to BE asap

As it's just reaching for liquidity above the previous days high I'm viewing this as yet another manipulation for the time being

Edit- just took 12 pips so 2xR. Getting late

Im starting to change my mind and looking here as a buy zone for tomorrow
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  • #598,006
  • May 27, 2021 10:36am May 27, 2021 10:36am
Come on Sell limit 4209
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #598,007
  • Edited 1:03pm May 27, 2021 10:48am | Edited 1:03pm
Sold at 1.4184 with SL just above DR2 ~1.42. Wont switch my bias to bull until we have a HL above the 15m 200MA.

Edit: SL to BE, leaving charts for the day GL all.
  • #598,008
  • May 27, 2021 10:52am May 27, 2021 10:52am
trading certainly has changed...damn this thing is a fruitcake
  • #598,009
  • May 27, 2021 10:56am May 27, 2021 10:56am
Sell at 142 ordered in.
Insane in the Brain..
  • #598,010
  • May 27, 2021 10:59am May 27, 2021 10:59am
Short target 1.4130
  • #598,011
  • May 27, 2021 11:00am May 27, 2021 11:00am
Quoting nAVIN2007
trading certainly has changed...damn this thing is a fruitcake
Oh, a lot bro.

I legit had this convo with an acquaintance a few days back.
From Vola to how price behaves

We just gotta adapt regardless
  • #598,012
  • May 27, 2021 11:01am May 27, 2021 11:01am
engulfing hour.

im waiting ....
  • #598,013
  • May 27, 2021 11:04am May 27, 2021 11:04am
Quoting JayBag
{quote} Oh, a lot bro. I legit had this convo with an acquaintance a few days back. From Vola to how price behaves We just gotta adapt regardless
I seemed to have based my trades on USD strength , and in the past this always ended up shafting me, looks like some things have not changed
  • #598,014
  • May 27, 2021 11:09am May 27, 2021 11:09am
Quoting nAVIN2007
{quote} I seemed to have based my trades on USD strength , and in the past this always ended up shafting me, looks like some things have not changed
Was doing the same thing this morning, whole setup was based on strengthening USD, with GBP weakening for few days thought it was a fair assumption. Then the MPC guy barrels in with his rate hike chat.
  • #598,015
  • May 27, 2021 11:12am May 27, 2021 11:12am
Hi all, hope everyone is fine, I've been sick, nothing serious...

Are we ever going to get out of this several days long ranging ? Anyhow, got a new long-term confirmed. Bought .4175.

Closest Stop-loss of my long-term trades has not changed :

Quoting mtako
Just woke up to update my SLs for my longer-term trades. Closest one now being at 4085. Also want to wish you all a great trading tuesday ! Price is attacking 3-years highs levels. We could see much stronger volatility in the coming days-weeks. Also important to keep in mind the daily momentum has been steadily strengthening for the last month. If this momentum is not broken apart soon enough, price could past through those highs in one go even before any decent correction. May all of us find the strength to trade safe and by our rules. ... now...
Hoping this move can take it out of the present 70+pips range to give me the crunchy new levels needed to update my longs.

Was looking for a happy silly gif to share to lighten all your good hearts, but am too exhausted did not get past the first page... Take care all .
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #598,016
  • May 27, 2021 11:14am May 27, 2021 11:14am
Quoting nAVIN2007
trading certainly has changed...damn this thing is a fruitcake
Food for thought,

When i was trading in 2008, Most of the time it was a smooth run regardless of the outcome(Profit or a Loss). But now, Participation to trading has tripled in terms of volume. Covid also has a given a boost to CFD's hence everyone want to invest from HOME.

Consistent Prediction had become impossible to many seasons traders.

My recommendation is to the new traders (Not for you Navin) try to spend more time in smaller timeframes with a solid plan. Following the price is the only way for us to be consistently profitable in long run, in my opinion.
Fools Rushing
  • #598,017
  • May 27, 2021 11:19am May 27, 2021 11:19am
Nothing has changed in trading cable price action structure , i think that is a poor excuse for failing to analyse the market direction correctly, yesterday i posted two scenarios, the second one for the correction materialised perfectly ,the clue to what to have expected next lays in the word correction as after comes an impulse or an impulse wave so nothing unexpected.
Follow The Markets Structure - Patience and Discipline
  • #598,018
  • May 27, 2021 11:23am May 27, 2021 11:23am
Quoting nAVIN2007
{quote} I seemed to have based my trades on USD strength , and in the past this always ended up shafting me, looks like some things have not changed
Oh dear. Sorry bro

Sadly, that part hasn't changed. I have always had a problem comparing or basing trades based on USDX. I just think every instrument is unique even though many think there's always correlations of some sort
  • #598,019
  • May 27, 2021 11:30am May 27, 2021 11:30am
Quoting JayBag
{quote} Oh dear. Sorry bro Sadly, that part hasn't changed. I have always had a problem comparing or basing trades based on USDX. I just think every instrument is unique even though many think there's always correlations of some sort
I hear ya
  • #598,020
  • May 27, 2021 11:30am May 27, 2021 11:30am
Quoting mtako
Hi all, hope everyone is fine, I've been sick, nothing serious... Are we ever going to get out of this several days long ranging ? Anyhow, got a new long-term confirmed. Bought .4175. Closest Stop-loss of my long-term trades has not changed : {quote} Hoping this move can take it out of the present 70+pips range to give me the crunchy new levels needed to update my longs. Was looking for a happy silly gif to share to lighten all your good hearts, but am too exhausted did not get past the first page... Take care all .
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