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Cable Update (GBPUSD)

  • #601,621
  • Jun 10, 2021 9:53pm Jun 10, 2021 9:53pm
for my shorts, my stop is at 1.4200.

Target below 1.4100
Intraday only.
  • #601,622
  • Jun 10, 2021 10:02pm Jun 10, 2021 10:02pm
Good morning and happy friday to all masters.

Still holding last long position at 1.4095.
I think the price would push harder to going up in this friday. 1.4200/1.4220 in my mind. Even just spike or fake break out. It's more close to be there than pull back and break yesterday low.

Maybe set short position after see LO reaction. Just newbie opinion.

Green pips for all of you.
Everything is possible but not guaranteed
  • #601,623
  • Jun 10, 2021 10:06pm Jun 10, 2021 10:06pm
doji at H1 on Resistance , will see if price manage to reverse here XD
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #601,624
  • Jun 10, 2021 10:22pm Jun 10, 2021 10:22pm
Quoting navk
for my shorts, my stop is at 1.4200. Target below 1.4100
maybe we need baily help for below 1.41000
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #601,625
  • Jun 10, 2021 10:23pm Jun 10, 2021 10:23pm
Quoting navk
for my shorts, my stop is at 1.4200. Target below 1.4100
Though price has been falling back whenever it gets to 1.4180/1.4200 area but it's very possible price breaks out to 1.4250 yet again considering how bullish yesterday ended. I may be wrong.
Data + Stat + Risk/Emotions Management
  • #601,626
  • Jun 10, 2021 10:25pm Jun 10, 2021 10:25pm
Quoting Georginson
{quote} Though price has been falling back whenever it gets to 1.4180/1.4200 area but it's very possible price breaks out to 1.4250 yet again considering how bullish yesterday ended. I may be wrong.
quite possible , but yesterday price also make a rally strong bullish left the imbalance area to hunt and price squeeze at resistance XD
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #601,627
  • Jun 10, 2021 10:26pm Jun 10, 2021 10:26pm
Quoting info4saeed
{quote} Scalper programming is not like that. It has rules that I have written before
well any auto or script : backup with results or any backtest????
i have my own written ea for trade against market (2 EA)
simple rule, buy low : thats it
sample open trade now using M5 (2nd - quite risk) (1st screeshot)
but below are the back test from 2018 until now
based on my back test and observation from M1 chart of GU from Jan 2018 until now I have created one EA (1st EA) that will give guarantee 100% winning (holy grail)
= 5% (only 5% profit) for holy grail setting
see below backtest (2nd screenshot)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4e2598eae692fdd783a399aaf59f93b4.png Size: 30 KB
Click to Enlarge Name: 184caba405689fa59e28538357de7d2d.png Size: 35 KB
  • #601,628
  • Jun 10, 2021 10:31pm Jun 10, 2021 10:31pm
Quoting DailyChart
Long @1.4097 Stop @1.4085
Hold,lock @BE +1,added at London Close and aim 1.43 for today
  • #601,629
  • Jun 10, 2021 10:33pm Jun 10, 2021 10:33pm
5% will survive March 2020 (during 1st pandemic stirke) (trade against market)
off course if willing to gamble and chart like March 2020 will not happen again of GU. can increase risk and gain more
Attached Image
  • #601,630
  • Jun 10, 2021 10:35pm Jun 10, 2021 10:35pm
Quoting Georginson
{quote} Though price has been falling back whenever it gets to 1.4180/1.4200 area but it's very possible price breaks out to 1.4250 yet again considering how bullish yesterday ended. I may be wrong.
anything is possible.

I am only trading based on levels.

True, it was bullish candle yesterday.

The whole week is just 100 pips range.

Range extension must for today atleast by another 50 pips.

For the range to extend, and if price wants to drop, the price should not break 4180 area, IMO
Intraday only.
  • #601,631
  • Jun 10, 2021 10:41pm Jun 10, 2021 10:41pm
Quoting kris89
{quote} maybe we need baily help for below 1.41000
IN another 5 hrs, he speaks.

London will let us know.
Intraday only.
  • #601,632
  • Jun 10, 2021 10:48pm Jun 10, 2021 10:48pm
Quoting navk
{quote} anything is possible. I am only trading based on levels. True, it was bullish candle yesterday. The whole week is just 100 pips range. Range extension must for today atleast by another 50 pips. For the range to extend, and if price wants to drop, the price should not break 4180 area, IMO
If range must extend by 50 pips considering the small range we have had so far, it means either 1.4190 or 1.4073 must break by at least 30-50 pips today, the big question is which one is more likely to get broken? Price will have to turn south by 140 pips today to break 1.4073 to 1.4044 today, while price only needs to turn north by just 12 pips to break 1.4191 which will then expose 1.4230/1.4250 area... Either of these levels must happen today, except if we are going to have new low range this week.
Data + Stat + Risk/Emotions Management
  • #601,633
  • Jun 10, 2021 10:50pm Jun 10, 2021 10:50pm
Quoting Georginson
{quote} Though price has been falling back whenever it gets to 1.4180/1.4200 area but it's very possible price breaks out to 1.4250 yet again considering how bullish yesterday ended. I may be wrong.
if price breaks 4180/90, I would say the daily candle would end bullish today.

Let us see.
Intraday only.
  • #601,634
  • Jun 10, 2021 10:52pm Jun 10, 2021 10:52pm
Quoting Georginson
{quote} If range must extend by 50 pips considering the small range we have had so far, it means either 1.4190 or 1.4073 must break by at least 30-50 pips today, the big question is which one is more likely to get broken? Price will have to turn south by 140 pips today to break 1.4073 to 1.4044 today, while price only needs to turn north by just 12 pips to break 1.4191 which will then expose 1.4230/1.4250 area... Either of these levels must happen today, except if we are going to have new low range this week.
very correct.

Intraday only.
  • #601,635
  • Jun 10, 2021 10:59pm Jun 10, 2021 10:59pm
Quoting Georginson
{quote} If range must extend by 50 pips considering the small range we have had so far, it means either 1.4190 or 1.4073 must break by at least 30-50 pips today, the big question is which one is more likely to get broken? Price will have to turn south by 140 pips today to break 1.4073 to 1.4044 today, while price only needs to turn north by just 12 pips to break 1.4191 which will then expose 1.4230/1.4250 area... Either of these levels must happen today, except if we are going to have new low range this week.
Today low in my chart, 4155.

It can be 4155 to 4250

or

4180/90 to 4100/4090.

Both scenarios possible.
Intraday only.
  • #601,636
  • Jun 10, 2021 10:59pm Jun 10, 2021 10:59pm
I am opting to long. However the position that I am holding is only intraday. With the targeted profit of 5-10 pips. Currently I am at a loss of 7pips for today due to prices hitting my stoploss. I only hope that whipsaw of price movement will be minimal today. Whipsaw usually wipes out my profit and kill my account balance.
  • #601,637
  • Jun 10, 2021 11:02pm Jun 10, 2021 11:02pm
Quoting Georginson
{quote} If range must extend by 50 pips considering the small range we have had so far, it means either 1.4190 or 1.4073 must break by at least 30-50 pips today, the big question is which one is more likely to get broken? Price will have to turn south by 140 pips today to break 1.4073 to 1.4044 today, while price only needs to turn north by just 12 pips to break 1.4191 which will then expose 1.4230/1.4250 area... Either of these levels must happen today, except if we are going to have new low range this week.
Just wanna ask master,what timeframe candle we use to confirm this price break or not?
Thank you,green pips to you
Everything is possible but not guaranteed
  • #601,638
  • Jun 10, 2021 11:03pm Jun 10, 2021 11:03pm
Quoting navk
{quote} Today low in my chart, 4155. It can be 4155 to 4250 or 4180/90 to 4100/4090. Both scenarios possible.
the 4180/90 area is on verge of being breached. Will bail out at 142 and look for signal
Insane in the Brain..
  • #601,639
  • Jun 10, 2021 11:05pm Jun 10, 2021 11:05pm
Quoting BeeTogether
{quote} the 4180/90 area is on verge of being breached. Will bail out at 142 and look for signal
above 1.42, it is bullish today considering range extension.
Intraday only.
  • #601,640
  • Jun 10, 2021 11:07pm Jun 10, 2021 11:07pm
Quoting navk
{quote} Today low in my chart, 4155. It can be 4155 to 4250 or 4180/90 to 4100/4090. Both scenarios possible.
anything possible since its friday, and i dont wanna hurry , better waiting price shown the way in L.O later . since price is playing around area that can possible break anytime with strong momentum
the keys of next week trade will be today how weekly candle close. seem will be many manipulation today at high and end in the lowest price
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
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