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Cable Update (GBPUSD)

  • #603,501
  • Jun 17, 2021 9:19am Jun 17, 2021 9:19am
Quoting maheeee
waiting for 1.404000000000000000000000000 {image}{image}
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #603,502
  • Jun 17, 2021 9:24am Jun 17, 2021 9:24am
Quoting Pat Chiko
{quote} I ended up scalping both way. like crazy. Price really want to rest at Daily RBS. Looking forward for any bounce from there to scalp/
Its the only way to trade
  • #603,503
  • Jun 17, 2021 9:25am Jun 17, 2021 9:25am
Quoting Pat Chiko
{quote} GU End of scalping day. some loss and gain. Price now at H4/Daily RBS. May see some bounce tomorrow. Friday for end of the week scalping, going to go slow on Friday. Good nite and trade well all. {image} {image}
Same boat as me, some win some loss

Overall a bit frustrating as I was hunting for long when it was a straightforward short day, second guessing the market. I had short signals but became blind because 'hoping' my long would go a little further. Real rookie stuff

I only have a 20 pip target which I hit very early, but decided to keep going.. lost and then small gain for a net measly 19 pips! Maybe I should just stick to my target, no matter what, and forget about trying to increase on it? Seems to get me into trouble every so often

Now, famous last words but I believe an intraday long tomorrow is highly likely from this daily demand zone
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  • #603,504
  • Jun 17, 2021 9:28am Jun 17, 2021 9:28am
Quoting mysterio
{quote} Same boat as me, some win some loss Overall a bit frustrating as I was hunting for long when it was a straightforward short day, second guessing the market I only have a 20 pip target which I hit very early, but decided to keep going.. lost and then small gain for a net measly 19 pips! Now, famous last words but I believe an intraday long tomorrow is highly likely from this daily demand zone {image}
yup although we need a bigger bigger area which for me at least mean moving the SL below 13850 which I although I can afford I don’t want to
Insane in the Brain..
  • #603,505
  • Jun 17, 2021 9:30am Jun 17, 2021 9:30am
Long 3900
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #603,506
  • Jun 17, 2021 9:33am Jun 17, 2021 9:33am
Quoting BeeTogether
{quote} back over 140?
Not sure about it b'coz I don't project too far away price. Just scalp.
As scalper, I trade level to level S&R. Test to re-test and trying to maximize my position in between the level.
It's just quick in/out move.
Trying to catch only small fish and scrimp.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #603,507
  • Jun 17, 2021 9:35am Jun 17, 2021 9:35am
Quoting Pat Chiko
{quote} Not sure about it b'coz I don't project too far away price. Just scalp. As scalper, I trade level to level S&R. Test to re-test and trying to maximize my position in between the level. It's just quick in/out move. Trying to catch only small fish and scrimp. {image}
Chiko, as a scalper, how do you decide if it the right time to load more trades like you do?
  • #603,508
  • Jun 17, 2021 9:43am Jun 17, 2021 9:43am
so down another 90 pips today ,you can't change this weekly it will close bearish...
what I'm saying then is all buys will fail
maybe the $ is the clearer chart
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #603,509
  • Jun 17, 2021 9:44am Jun 17, 2021 9:44am
Quoting mysterio
{quote} Same boat as me, some win some loss Overall a bit frustrating as I was hunting for long when it was a straightforward short day, second guessing the market. I had short signals but became blind because 'hoping' my long would go a little further. Real rookie stuff I only have a 20 pip target which I hit very early, but decided to keep going.. lost and then small gain for a net measly 19 pips! Maybe I should just stick to my target, no matter what, and forget about trying to increase on it? Seems to get me into trouble every so often...
Price always want to fill it its target. Either S&R, Demand Zones or RBS, RN etc.

When it missed the marked, it will go around and find more buyer to fill up their sell order.
We may call it manipulation, but market is very efficient to fill up order and getting traders coming in.
IT (Institional Trader) have their target, they will find ways to fill it up.

Example below
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #603,510
  • Jun 17, 2021 9:51am Jun 17, 2021 9:51am
We are DEFINITELY going back to 1.405 to 1.41 . Surely. It must correct
  • #603,511
  • Edited 10:17am Jun 17, 2021 9:53am | Edited 10:17am
Quoting gatenio
{quote} Chiko, as a scalper, how do you decide if it the right time to load more trades like you do?
Using S&R Level marked in HTF (Daily/H4)
I mostly use technical for my entries and cut loss points.
Mostly, I'm using horizontal support and resistance for determining my cut loss points when entering the trade.

Using M30 to enter with the marked lines or zones

Example : some are failed trades, some I didn't take coz it doesn't touch the S&R lines.
It's not 100% sure, but this will guide me in making trade decision.


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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #603,512
  • Jun 17, 2021 9:54am Jun 17, 2021 9:54am
Quoting dylan369
{quote} Hi Wavegarrick Are you ever going to close your trades for profit?
Hi Dylan, Sorry. I somehow missed your quote. This is a very good question. It was somewhere at the beginning of last year that I decided to go long-term with my trades. I have never held trades this long, so it is all new territory for me. I have been taking profits in between as you can see on my chart, to keep the kitty rolling. Effectively if I open a sell trade against a buy trade I have closed the trade. It is like hedging but it just gives me more time to gather and evaluate my thoughts before I make my next move. I could close a buy and sell trade and get the same result. Of course the longer I keep my trades the more swap fees are accruing, still safe for me so I can hold for longer. I could look to keep my buy trades and close all my sell trades if the picture becomes more clear for me that we are going into new highs. The thing that most traders don't realize is time. Time is the best weapon any trader can have in their arsenal, What seems very confusing today becomes crystal clear tomorrow. My biggest downfall in the past was to rush into a trade and this system allows me to make timed decisions. There is so much that goes through my head when I think about this and I am afraid that I will start confusing myself so I will leave my answer at that.
Anyway, this way of trading will not be everyone's cup of tea.
Cheers.
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Trade to trade another day
  • #603,513
  • Jun 17, 2021 9:55am Jun 17, 2021 9:55am
Quoting Nd10
We are DEFINITELY going back to 1.405 to 1.41 . Surely. It must correct
Everything seems to be going down so why not go with the flow and forget about the up side
  • #603,514
  • Edited 10:23am Jun 17, 2021 10:12am | Edited 10:23am
Moty we might get a rebound here buddy..Put that hammer away!!

https://charts.mql5.com/29/85/usdx-u...kets-group.png

There seems to be a gap??


hopefully this mofo is at a bus station
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  • #603,515
  • Jun 17, 2021 10:25am Jun 17, 2021 10:25am
Quoting Pat Chiko
{quote} Price always want to fill it its target. Either S&R, Demand Zones or RBS, RN etc. When it missed the marked, it will go around and find more buyer to fill up their sell order. We may call it manipulation, but market is very efficient to fill up order and getting traders coming in. IT (Institional Trader) have their target, they will find ways to fill it up. Example below {image}
Of course this works on even the smallest of time frames too.

You will also often hear "Support Area" and "Resistance Area" mentioned.
A lot of major levels are loosely based around a particular price, but may allow minor penetration without technically being a strong break.
Normally the larger the time frame the more this is true.
You may find that price will stop cleanly at 1.4000 or penetrate by a 10-12 pip . (Last night London Close)
Sometimes though there may be a secondary level below that.
Let's say 1.39700 or whatever (this morning level during Tokyo)

This happens because of the yummy stop orders that are generally sitting just below a major support area.
There will be brokers/IT/banks etc trying to use their power to push down through and trigger stops.
It's a a really good reason to wait for a retest of the broken level before entering a trade.

It's hard though, fighting that urge to "not miss out on the action!!", but it REALLY is worth waiting for the better set-up.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #603,516
  • Jun 17, 2021 10:26am Jun 17, 2021 10:26am
Anyone on gold?
I bought 1780
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Air force
  • #603,517
  • Jun 17, 2021 10:26am Jun 17, 2021 10:26am
Quoting epzero
{quote} Everything seems to be going down so why not go with the flow and forget about the up side
We're at a round number and powerful daily demand level.. I will be shocked if there's not a good bounce from here. Just depends on your time horizon. If you're intraday I wouldn't completely discount longs tomorrow.
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  • #603,518
  • Jun 17, 2021 10:29am Jun 17, 2021 10:29am
Quoting navk
{quote} I had 5.4% at some point on the 3 rd day then did some stupid mistakes and lost all. But never violated DD levels, And went aggressively. Did in 4 days. Try again, never give up. It is possible. Cheers.
Shit bro !. they cut me out in 5%..your lucky. I have sent some message over discord. chk it out. hope it was you . NAVK.
Fools Rushing
  • #603,519
  • Jun 17, 2021 10:39am Jun 17, 2021 10:39am
Quoting Pat Chiko
{quote} Of course this works on even the smallest of time frames too. You will also often hear "Support Area" and "Resistance Area" mentioned. A lot of major levels are loosely based around a particular price, but may allow minor penetration without technically being a strong break. Normally the larger the time frame the more this is true. You may find that price will stop cleanly at 1.4000 or penetrate by a 10-12 pip . (Last night London Close) Sometimes though there may be a secondary level below that. Let's say 1.39700 or whatever (this morning...
I think, My methods are the same. where as I use the smallest times frames. I am gonna stick that. Consider starting private chat group, hopefully with voice where we can exchange all of our ideas. count me in. I am kind a full time now. due to covid. did not fly for almost a year now.

cheers pat
Fools Rushing
  • #603,520
  • Jun 17, 2021 10:43am Jun 17, 2021 10:43am
Quoting antonhyip
{quote} Hi Moty ! Can you show me ? Which pivot and demand zone indicator using in your MT4 / MT5 ? Thanks
Attached File(s)
File Type: mq4 auto pivots.mq4   31 KB | 278 downloads
Attached File(s)
File Type: ex4 fxr_sr_zones.ex4   80 KB | 231 downloads
yes yes yes
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