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Cable Update (GBPUSD)

  • #601,601
  • Edited Jun 11, 2021 12:34am Jun 10, 2021 1:35pm | Edited Jun 11, 2021 12:34am
Quoting Wavegarrick
{quote} Important zone here folks. The confluence of my monthly pivot at 1.40871 and weekly support 1 at 140823. This area has also served as a bounce point for bulls. If bears can smash through this area it would give me more confidence with my short trades. Have a great day. Cheers. {image}
Anyway, I see a strong argument for Usd Strength in coming times with my cyclic indicators showing a turnabout. The pound has been ping ponged today and I do believe a lot of manipulation. We will have to see as time goes. I believe the dollar could strengthen from here.

Cheers.
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Trade to trade another day
  • #601,602
  • Jun 10, 2021 1:35pm Jun 10, 2021 1:35pm
Just journaled this, hopefully someone can learn from my mistake today. We bounced straight from an H4 demand zone which I hadn't marked out for some reason. After running the stops below the June 4th low it should have been a good area to look for a reversal or at least be open to it. Shorting into here should have been a big no-no for me. Instead I had a narrative in my head about 1.41 breaking (which still may or may not happen). Hopefully someone can learn from my error Made my pips back but barely. Good to scan the HTF before jumping into the LTF charts and be open to the various scenarios that may be in play. For tomorrow I'll look out for reversal PA 1.4180-1.4200 in the supply area, possibly running the highs first, and of course possibly fully breaking out either way. Don't let poor attention to detail be the reason you lose money!
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  • #601,603
  • Jun 10, 2021 1:46pm Jun 10, 2021 1:46pm
Quoting W0lfram
Notice similar volume distribution and RSI divergences, pennants or mini-wedges, time of the day. Doesn't mean we will see tomorrow PA similar to last Friday's{image}{image}
Distorted U-shape, though. Like Ц


"tomorrow daily candle probability of closing bear" (c)
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Air force
  • #601,604
  • Jun 10, 2021 1:56pm Jun 10, 2021 1:56pm
Quoting mysterio
Just journaled this, hopefully someone can learn from my mistake today. We bounced straight from an H4 demand zone which I hadn't marked out for some reason. After running the stops below the June 4th low it should have been a good area to look for a reversal or at least be open to it. Shorting into here should have been a big no-no for me. Instead I had a narrative in my head about 1.41 breaking (which still may or may not happen). Hopefully someone can learn from my error Made my pips back but barely. Good to scan the HTF before jumping...
You're not alone, I've been telling myself that after so many failed tests of 1.41900 attention was turning to the downside in spite of believing that the double top lacks conviction. Narrative bias is human though - we are not robots. Your ability to recover from mistakes is what makes you a good trader imo.
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  • #601,605
  • Jun 10, 2021 2:26pm Jun 10, 2021 2:26pm
Quoting Pat Chiko
GU One for the road. Scalping long {image}
GU

End of scalping.

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Scalping rules :
add only to positive position.
never add anything in negative position, that's very bad Money Management Practice.
Be prudent in trading, keep tiny SL, so it won't hurt your account with large Drawdown and hurt your emotion.
Risk only 1.5% of your capital, so you can sleep at night.
Let the price reach next S&R zone for TP.. and have fun in trading.

Trading is not really just a game. The money is real.
Lets make sure that we are true winners and not just habitual players. Take some profits now and then and put them out of harms way.
When we have done this I can assure you that the game is a lot more fun and our trading will improve.
Nothing builds confidence like knowing for sure that you are indeed a winner.


Good Luck and Good Trading
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #601,606
  • Jun 10, 2021 2:54pm Jun 10, 2021 2:54pm
Quoting Pat Chiko
{quote} GU End of scalping. {image} Scalping rules : add only to positive position. never add anything in negative position, that's very bad Money Management Practice. Be prudent in trading, keep tiny SL, so it won't hurt your account with large Drawdown and hurt your emotion. Risk only 1.5% of your capital, so you can sleep at night. Let the price reach next S&R zone for TP.. and have fun in trading. Trading is not really just a game. The money is real. Lets make sure that we are true winners and not just habitual players. Take some profits now...
It is very good that I use the experience of professionals. I have only one question.
I am checking your trades in the picture. You have opened 2 positions in one second.
This indicates that you are using a bot. it's true ?
And if true then you follow the pre-written rules.
And if that's true, why not introduce it?
Edit: The image of your trades was the chain link that I have been looking for a long time.
success comes from finding win-win solutions
  • #601,607
  • Jun 10, 2021 3:53pm Jun 10, 2021 3:53pm
Quoting info4saeed
{quote} It is very good that I use the experience of professionals. I have only one question. I am checking your trades in the picture. You have opened 2 positions in one second. This indicates that you are using a bot. it's true ? And if true then you follow the pre-written rules. And if that's true, why not introduce it? Edit: The image of your trades was the chain link that I have been looking for a long time.
I found this on youtube..
Multiple pending order... its crazy..
He/she can entry as much as he/she wants...

Inserted Video
Trade with prediction = witch with her visions lol
  • #601,608
  • Jun 10, 2021 4:01pm Jun 10, 2021 4:01pm
Shorts still on for me. I will take a hit tomorrow depending on where the pair is.
Insane in the Brain..
  • #601,609
  • Jun 10, 2021 4:08pm Jun 10, 2021 4:08pm
Quoting dimitricss
{quote} I found this on youtube.. Multiple pending order... its crazy.. He/she can entry as much as he/she wants... https://youtu.be/37nk8Twvw_w
Scalper programming is not like that. It has rules that I have written before
success comes from finding win-win solutions
  • #601,610
  • Edited 5:08pm Jun 10, 2021 4:57pm | Edited 5:08pm
D1 SHS

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W1 J-pattern

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The J- pattern should be confirmed tomorrow. So let’s see how this looks by tomorrow closing time.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #601,611
  • Jun 10, 2021 5:30pm Jun 10, 2021 5:30pm
Quoting NotAtrader
D1 SHS {image} W1 J-pattern {image} The J- pattern should be confirmed tomorrow. So let’s see how this looks by tomorrow closing time.
Are you saying we could massive drop ?
Insane in the Brain..
  • #601,612
  • Jun 10, 2021 5:40pm Jun 10, 2021 5:40pm
Welcome to fryday
  • #601,613
  • Jun 10, 2021 6:26pm Jun 10, 2021 6:26pm
A good bounce from there. My SL hit with BE . Its okay. Since price pause again near Resistance maybe we can have a clue for short later. Lets awaiting a good setup
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #601,614
  • Jun 10, 2021 6:48pm Jun 10, 2021 6:48pm
Quoting mashfx
{quote} I'm long gold @1892.50 and IMO it will try to test 1900 one more
gold bear move are most times strong and violent, previous daily resist zone 1900ish is already influencing, Im thinking a nice short on offer rr is much better than try to long
If you are new to Forex? Say Goodbye to your account!!
  • #601,615
  • Jun 10, 2021 7:28pm Jun 10, 2021 7:28pm
Quoting BeeTogether
{quote} Are you saying we could massive drop ?
I am not sure yet. We need to wait for the weekly close and see how the next week begins. But it may look like the market is beginning to anxiously wait for a reaction from FED.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #601,616
  • Jun 10, 2021 8:15pm Jun 10, 2021 8:15pm
Quoting NotAtrader
{quote} I am not sure yet. We need to wait for the weekly close and see how the next week begins. But it may look like the market is beginning to anxiously wait for a reaction from FED.
Bailey Speak will take us friday move , lets see when he speak later .
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #601,617
  • Jun 10, 2021 8:28pm Jun 10, 2021 8:28pm
Quoting Pat Chiko
{quote} GU End of scalping. {image} Scalping rules : add only to positive position. never add anything in negative position, that's very bad Money Management Practice. Be prudent in trading, keep tiny SL, so it won't hurt your account with large Drawdown and hurt your emotion. Risk only 1.5% of your capital, so you can sleep at night. Let the price reach next S&R zone for TP.. and have fun in trading. Trading is not really just a game. The money is real. Lets make sure that we are true winners and not just habitual players. Take some profits now...
Very well said Pat, I have been learning so much from you and this forum. Key take aways discipline and patience. Thank you
  • #601,618
  • Jun 10, 2021 8:36pm Jun 10, 2021 8:36pm
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yes yes yes
  • #601,619
  • Jun 10, 2021 9:04pm Jun 10, 2021 9:04pm
add sell - 1.4175
Together we can be strongest
Vantage Return This Month: na
  • #601,620
  • Jun 10, 2021 9:06pm Jun 10, 2021 9:06pm
add sell with ranging today , target 50% of last bull candle . will see if price back to bottom or just retrace to 50%
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
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