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Cable Update (GBPUSD)

  • #598,841
  • Jun 1, 2021 1:15am Jun 1, 2021 1:15am
Quoting MTF Test
{quote} I wish you success from bottom of my heart. there's no two words about it. I' d rather be making my broker rich at the same i will also be consistently profitable where i can achieve my ultimate goal. My broker is pepperstone Australia with zero spread, you may want to consider joining to make them successful .
Thaks mate. I have the success that you wish me. I really do and believe it or not I never close my hedges on minus. Every time I close my positions, my balance and my equity increases.
I am not afraid of spread. I am afraid of dead and choppy market. That’s why I mostly trade high volatility pairs like EURAUD and GBPAUD. I also am not happy with swaps as sometimes we need to keep positions over night and you need to work harder to compensate the swap.

Anyway thanks and good luck to you too and by the way try my advice on a demo account. Maybe you can learn something which you can apply on a live account and unleash the power of trading without SL.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #598,842
  • Jun 1, 2021 1:20am Jun 1, 2021 1:20am
Quoting gatenio
{quote} 4284?
R3 is around 4280.

Let us see.

4212 must hold.
Intraday only.
  • #598,843
  • Jun 1, 2021 1:22am Jun 1, 2021 1:22am
Quoting NotAtrader
{quote} Thaks mate. I have the success that you wish me. I really do and believe it or not I never close my hedges on minus. Every time I close my positions, my balance and my equity increases. I am not afraid of spread. I am afraid of dead and choppy market. That’s why I mostly trade high volatility pairs like EURAUD and GBPAUD. I also am not happy with swaps as sometimes we need to keep positions over night and you need to work harder to compensate the swap. Anyway thanks and good luck to you too and by the way try my advice on a demo account....
Sure. why not. Send some videos' if you have. Thanks.
Fools Rushing
  • #598,844
  • Jun 1, 2021 1:24am Jun 1, 2021 1:24am
I am all out. My prop trading challenge is successful achieved the goal. last trade . Waiting for the evaluation phase.
Attached Image (click to enlarge)
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Fools Rushing
  • #598,845
  • Jun 1, 2021 1:27am Jun 1, 2021 1:27am
Quoting MTF Test
{quote} Yeah. Zero Spread. I trade with smaller time frames. and depend on your account size you will have zero spread of lot more instruments. However, for a normal zero spread comes for EU and GU is not more than 2-3 micro pips. worth trying. End of promotion.
......but you have to pay commission, ok thanks for info
  • #598,846
  • Edited 1:45am Jun 1, 2021 1:27am | Edited 1:45am
Quoting MTF Test
{quote} Sure. why not. Send some videos' if you have. Thanks.
Unfortunately I don’t have videos showing how I trade. I am not a blogger. I am a professional trader. But there are plenty of lessons about effective hedging available on internet. This is where you should begin if hedging is not your strongest side. Ones you learn how to solve locked positions you are ready to generate som really good profits by ditching the SL ideology.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #598,847
  • Jun 1, 2021 1:27am Jun 1, 2021 1:27am
Quoting navk
{quote} R3 is around 4280. Let us see. 4212 must hold.
possible, maybe higher to 4316, maybe not today. but i not trading it.
  • #598,848
  • Jun 1, 2021 1:31am Jun 1, 2021 1:31am
Quoting info4saeed
{quote} Trading is really hard. I am gaining trading experience all the time. I have not succeeded yet. Based on my programming knowledge, I have read and understood all the necessary indicator tools based on their code and I know which ones are not good. Specify support and resistance areas in all time frames. For example, last week in the EURUSD resistance area, where everyone in the forum said it had crossed that area, and everyone was wondering what happened, and yesterday in the GBPUSD, I opened short in that area, and today I woke up and saw...
Inserted Video


At its core trading is not so much about price action and analysis but a grand tug of war with players trying to extract money from each other. Technical analysis is useful but doesn’t help us to understand how the game is really played - the first 20 minutes of the video linked explains it perfectly. Indicators are mostly worthless as they track past price action, and the probability that current price action will react to historical price action and that you will consistently predict how is extremely uncertain. Not impossible but as you say, really hard. The probability that the market makers are going to screw people is always 100% so a lot of the time it makes more sense to anticipate where they can cause the most pain, for example yesterday most traders were bearish which for me added confirmation to the bullish reversal pattern at 1.41700
  • #598,849
  • Jun 1, 2021 1:44am Jun 1, 2021 1:44am
EU will hit 1.22500 then down
  • #598,850
  • Jun 1, 2021 1:45am Jun 1, 2021 1:45am
Quoting gatenio
{quote} possible, maybe higher to 4316, maybe not today. but i not trading it.
for me too.

no trading.

Profits achieved already.

I might loose all if i over trade.
Intraday only.
  • #598,851
  • Jun 1, 2021 1:47am Jun 1, 2021 1:47am
...was always a hi-probability of rbs in that prev 4hr/dly/wkly/minor mthly zone that began at 4242 then the prev 1hr/4hr/minor dly zone that started @ 4234, this coexistent with the former. 15 & 30min bullish hidden div there and an earlier 5min regular bull div entry too.

Can the bulls build on this?

4hr below. 15min below that.
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Trader with an Edge.
  • #598,852
  • Jun 1, 2021 1:51am Jun 1, 2021 1:51am
Quoting navk
{quote} for me too. no trading. Profits achieved already. I might loose all if i over trade.
my initial short signal will be with 1 hour below yesterday spike.. which is close below 4170
till then its better let it be.
  • #598,853
  • Jun 1, 2021 1:51am Jun 1, 2021 1:51am
Quoting Headland
...was always a hi-probability of rbs in that prev 4hr/dly/wkly/minor mthly zone that began at 4242 then the prev 1hr/4hr/minor dly zone that started @ 4234, this coexistent with the former. 30min bullish hidden div there and an earlier 5min regular bull div entry too. Can the bulls build on this? 4hr below. {image}
I would say,when manipulation in higher time frames makes trader to execute more sellers which ultimately change it's bias to bullish. however i would look for more confirmations/confluences before any trade setup. BIAS remains bullish for me. what do you say headland ?
Fools Rushing
  • #598,854
  • Jun 1, 2021 1:53am Jun 1, 2021 1:53am
So my short from from Friday has taken me down shits creek without a paddle .. will wait to see the first LO 90mins to decide if I want to take another hit and wait or hold on to a short
Insane in the Brain..
  • #598,855
  • Jun 1, 2021 1:54am Jun 1, 2021 1:54am
Quoting MTF Test
{quote} I would say,when manipulation in higher time frames makes trader to execute more sellers which ultimately change it's bias to bullish. however i would look for more confirmations/confluences before any trade setup. BIAS remains bullish for me. what do you say headland ?

Hi, undoubtedly the bias is currently bullish after the 2nd and truer b/o of the prev 4211-4109 4hr range that persisted all last week apart from 2 false b/o's, this upside break being with the dly/wkly uptrend. Well done on your prop stuff and continued g/l.
Trader with an Edge.
  • #598,856
  • Jun 1, 2021 2:07am Jun 1, 2021 2:07am
Quoting MTF Test
{quote} I would say,when manipulation in higher time frames makes trader to execute more sellers which ultimately change it's bias to bullish. however i would look for more confirmations/confluences before any trade setup. BIAS remains bullish for me. what do you say headland ?
which prop firm ?
Intraday only.
  • #598,857
  • Jun 1, 2021 2:25am Jun 1, 2021 2:25am
Currently struggling to attract more bids to take this thing higher...a prev 1hr sw hi zone to today's current hi @ Dly R2 (4249) may house more supply ? Someone needs to keep hitting the bid to absorb it. 46pip range so far today lo-hi, 30day adr is down to 87! 80 fecking 7 !!!! this is cable, 80 fecking 7!!!!!!! I'm gonna start trading widgets if it continues to drop. WDGUSD.

1hr below.
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Trader with an Edge.
  • #598,858
  • Jun 1, 2021 2:26am Jun 1, 2021 2:26am
Quoting Pipa1
Fully loaded , breakout of Friday low and continuation, on London open.Let's make a nice wick on top of the monthly candle, just before the close.
surprised
  • #598,859
  • Jun 1, 2021 2:37am Jun 1, 2021 2:37am
Short at 1.4241, TP 1.40, SL 1.4250.....may correct from here a day or two....or maybe this week before attacking 1.4300.
We will see.
Lost....
  • #598,860
  • Jun 1, 2021 2:39am Jun 1, 2021 2:39am
GU

Scalping.

Have to go out today. Leaving these trades on.

See if any luck when come back later.

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