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Cable Update (GBPUSD)

  • #604,141
  • Jun 22, 2021 4:12am Jun 22, 2021 4:12am
GU H4 50 fibo retracement.


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  • #604,142
  • Jun 22, 2021 4:15am Jun 22, 2021 4:15am
Quoting Moty
{quote} it's very likely to reverse here i am still in 15 $ overall profit for the all day ( won 45 $) {image}
Moty..

Buy it again from low
  • #604,143
  • Jun 22, 2021 4:17am Jun 22, 2021 4:17am
I think the price would go up to next resistance 1.39375 before tomorrow moring.
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  • #604,144
  • Jun 22, 2021 4:19am Jun 22, 2021 4:19am
Quoting kris89
{quote} moty , can i give some opinion ? xD i trade usually looking from biggest picture frame ( weekly/monthly and back to daily ) to confirm the trend first . and using H4 to lowest TF for best entry . that what i always do. if you trade biggest frame Trend , you just need focus on one side like sell , you focus on sell opportunity except you are scalping all possible(sometimes i do it also for little peny ) but the point is , what you see is what you trade . ignore all the dizzy candle . focus on the naked chart , you can see the clearly image...
it doesn't meter iif the band is on the chart or not
i just need to wait till lo , and take what the market tells me
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yes yes yes
  • #604,145
  • Jun 22, 2021 4:20am Jun 22, 2021 4:20am
Quoting Moty
{quote} it doesn't meter iif the band is on the chart or not i just need to wait till lo , and take what the market tells me {image}
also remember LO is usually quite volatile for first hour
Insane in the Brain..
  • #604,146
  • Jun 22, 2021 4:26am Jun 22, 2021 4:26am
Quoting Moty
{quote} it doesn't meter iif the band is on the chart or not i just need to wait till lo , and take what the market tells me {image}
but on L.O we need to know the trend first , at case like if trend is bearish , L.O will usually manipulate move like trapping buyer and take it down ( you can see it with the volume changing behavior at that level )
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #604,147
  • Jun 22, 2021 4:26am Jun 22, 2021 4:26am
Quoting Moty
{quote} it doesn't meter iif the band is on the chart or not i just need to wait till lo , and take what the market tells me {image}
You are very correct. When price tells us where it is headed and we listen, we will make money. But most times we want price to listen to us which might not be the case most often
  • #604,148
  • Jun 22, 2021 4:27am Jun 22, 2021 4:27am
Quoting kris89
{quote} but on L.O we need to know the trend first , at case like if trend is bearish , L.O will usually manipulate move like trapping buyer and take it down ( you can see it with the volume changing behavior at that level )
the trend is the color of the band
i am going for 40-50 pips
yes yes yes
  • #604,149
  • Jun 22, 2021 4:29am Jun 22, 2021 4:29am
lurking for long now...

Trade with prediction = witch with her visions lol
  • #604,150
  • Jun 22, 2021 4:30am Jun 22, 2021 4:30am
Quoting kris89
{quote} but on L.O we need to know the trend first , at case like if trend is bearish , L.O will usually manipulate move like trapping buyer and take it down ( you can see it with the volume changing behavior at that level )
buddy can i know what is L.O

and please share your strategy iam in loss
i lossed too much here ,
Forex School
  • #604,151
  • Jun 22, 2021 4:33am Jun 22, 2021 4:33am
Will Go with the flow...
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Peace Yo!
  • #604,152
  • Jun 22, 2021 4:34am Jun 22, 2021 4:34am
I believe long will be from 1.3828 area
For long days probably
  • #604,153
  • Jun 22, 2021 4:36am Jun 22, 2021 4:36am
Quoting gatenio
I believe long will be from 1.3828 area For long days probably
interesting.. 13828 would have been a good earner for those like me who shorted at 139 . will keep an eye open and if it goes that low will add another long from there
Insane in the Brain..
  • #604,154
  • Jun 22, 2021 4:38am Jun 22, 2021 4:38am
Quoting Moty
will i ever learn to be discipline ? {image} {image}
You will.

Does your broker allow hedging? As accounting method hedging serves me well, I can solve equation later to cover losing entry, bc I also marry to some trades from time to time. Especially when price goes in opposite direction immediately after I entered (interesting fenomenon).
We should limit our losses by hedging or SL.

I'm feeling much better since I started to use no more than 1:5 leverage per trade, max allowed by broker 1:30, so pockets are little deeper now...

I chased every pip trying to reach my daily target. We are brought up like this, we receive a fixed salary (most of us), sometimes bonuses, therefore in trading, we plan our monthly income – "I must earn 1/22 of my salary today!" – and sometimes dream about how we will spend it. No need to do this. Still working on myself in this direction.

Good luck, mate!
Air force
  • #604,155
  • Jun 22, 2021 4:39am Jun 22, 2021 4:39am
yesterday low target . after that will wait and see some ranging again , will slowly pawn these profit
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #604,156
  • Jun 22, 2021 4:39am Jun 22, 2021 4:39am
Quoting Moty
will i ever learn to be discipline ? {image} {image}
2% moty..remember it
  • #604,157
  • Jun 22, 2021 4:40am Jun 22, 2021 4:40am
I will add long positions below 1.3805 area
Do more of what works and less of what doesn't
  • #604,158
  • Jun 22, 2021 4:55am Jun 22, 2021 4:55am
Quoting BeeTogether
{quote} interesting.. 13828 would have been a good earner for those like me who shorted at 139 . will keep an eye open and if it goes that low will add another long from there
almost sure about that level.
50 pips sl needed this is the bad thing.
buy limt already in place.
  • #604,159
  • Jun 22, 2021 4:57am Jun 22, 2021 4:57am
Quoting gatenio
{quote} almost sure about that level. 50 pips sl needed this is the bad thing. buy limt already in place.
Setting traps in form of buy limit for GBPUSD is a good thing
  • #604,160
  • Jun 22, 2021 5:02am Jun 22, 2021 5:02am
Tricky PA. Fighting with yesterday's Day momentum candle. Cannot imagine what today will bring.
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