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Cable Update (GBPUSD)

  • #605,861
  • Jun 30, 2021 4:29am Jun 30, 2021 4:29am
Quoting Waveskierrob
{quote} I must think like a cow then 30/06/21 10:05 FTSE 100 -1 7132.8 7013 £119.80 30/06/21 10:04 Germany 30 -1 15569.9 15468.8 £101.10 30/06/21 10:04 Germany 30 -1 15589.7 15470.3 £119.40 30/06/21 10:04 Germany 30 -1 15466.1 15462.8 £3.30 30/06/21 10:03 Germany 30 -1 15473.6 15470.3 £3.30 30/06/21 10:03 Germany 30 -1 15481.1 15477.8 £3.30 30/06/21 10:01 Germany 30 -1 15502.1 15498.8 £3.30 30/06/21 09:57 Germany 30 -1 15625.7 15506.8 £118.90 30/06/21 09:55 Germany 30 -1 15516.6 15513.3 £3.30 30/06/21 09:53 Germany 30 -1 15525.1 15521.8 £3.30...
I was wondering about your hedging strategy. Surely it works best in ranging markets but could get you into trouble in heavily trending markets. How do you get around this ?
  • #605,862
  • Jun 30, 2021 4:34am Jun 30, 2021 4:34am
Quoting Pat Chiko
{quote} হ্যালো Hoda. Most traders who are making money come here to find good company and pass time as FX trading is such a lonely occupation while the micro-lot operators come here to find the Holy Grail. This has vitiated the ATM here. But not to bother - you are in FX to make money for yourself - and having a bit of fun - make a post now and then and that is all. There are some trader here, who consider super talented -- they want others to trade in their way. They are mediocre fellow. Don't be one. Helpful...
Very well said. Since trading is 10% buying, 10% selling 80% waiting/trolling here in Cable Update (GBPUSD)...

That would complete a day.
We love him, because he first loved us.
  • #605,863
  • Jun 30, 2021 4:34am Jun 30, 2021 4:34am
Kids week opens up in london today, so whilst trying to book theatre tickets to see Mary poppins with the family and the system crashing out I’ve had to follow trade on my phone. Result tickets still not booked as system crashed and cable not going up to my b/e area lol.

happy days
Insane in the Brain..
  • #605,864
  • Jun 30, 2021 4:35am Jun 30, 2021 4:35am
omg , still dancing in the place after im waking up xD
these price action have something to do in big action ( break below or sudden up above )
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #605,865
  • Jun 30, 2021 4:35am Jun 30, 2021 4:35am
Quoting dempire1
{quote} This is way too risky. Markets are not that simple
but it is simple
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yes yes yes
  • #605,866
  • Jun 30, 2021 4:36am Jun 30, 2021 4:36am
Quoting gatenio
{quote} sorry, didnt understand it thought your long from 3810
Oh no

I took out my shorts yesterday and been sitting on hands ever since. Might go long in NY Session today until 1.388 area.
How to succeed in zero sum game?
  • #605,867
  • Jun 30, 2021 4:38am Jun 30, 2021 4:38am
Quoting mysterio
{quote} I was wondering about your hedging strategy. Surely it works best in ranging markets but could get you into trouble in heavily trending markets. How do you get around this ?
market is always ranging depends on timeframe, my P/L is always in the minus as holding positions over a long time which takes some getting use to, if it does start going in one direction like the DAX this morning just trade with it, I trade my positions not the market
  • #605,868
  • Jun 30, 2021 4:40am Jun 30, 2021 4:40am
Quoting Moty
{quote} but it is simple {image}
if you think it will work then it's good.
then report the results as well.
ok.
  • #605,869
  • Jun 30, 2021 4:40am Jun 30, 2021 4:40am
Quoting palpite
buy - 1.3820
closed - 1.3840
Together we can be strongest
Vantage Return This Month: na
  • #605,870
  • Jun 30, 2021 4:42am Jun 30, 2021 4:42am
...asia up then down, so far london is down then up.....y/day's 3814 lo and the current pullback hi @ 3860 containing price so far. 1hr below.
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Trader with an Edge.
  • #605,871
  • Jun 30, 2021 4:44am Jun 30, 2021 4:44am
To whom it may concern,
the market was unable to make another HH. Last high 7217 looks like a false breakout since it came back so quick. If it breaks 6946 it makes the first strong bearish signal. The break at 6822 changes the structure, and can give targets under 6400 and under 5600

Attached Image
  • #605,872
  • Jun 30, 2021 4:45am Jun 30, 2021 4:45am
Quoting Pat Chiko
{quote} হ্যালো Hoda. Most traders who are making money come here to find good company and pass time as FX trading is such a lonely occupation while the micro-lot operators come here to find the Holy Grail. This has vitiated the ATM here. But not to bother - you are in FX to make money for yourself - and having a bit of fun - make a post now and then and that is all. There are some trader here, who consider super talented -- they want others to trade in their way. They are mediocre fellow. Don't be one. Helpful...
1000% agreeeed
How to succeed in zero sum game?
  • #605,873
  • Jun 30, 2021 4:51am Jun 30, 2021 4:51am
Quoting mysterio
Alternative scenario is the W pattern plays out and we retest 1.39 Waiting for confirmation either way Maybe a bounce on the England win?? (Someone on Bloomberg says Sterling has fallen the day after England fall out of a major tournament every time it's happened ) For a W pattern waiting to go long on a 61.8 retrace of the last bullish leg is a good way to play it Break of the small momentum line on 5m would be confirmation for short {image}
It's likely the bullish scenario in play now, no shorts

Still no trades yet. I wait for the breakout above 1.3860 then will buy into the retrace, I think 1.39+ is highly likely given the pattern

Waiting to see if it's a false break, too early yet
  • #605,874
  • Jun 30, 2021 4:56am Jun 30, 2021 4:56am
Quoting mysterio
{quote} It's likely the bullish scenario in play now, no shorts Still no trades yet. I wait for the breakout above 1.3860 then will buy into the retrace, I think 1.39+ is highly likely given the pattern Waiting to see if it's a false break, too early yet
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ill wait for him , whenever gate he choose !
hahaha
patient is the key
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #605,875
  • Jun 30, 2021 4:56am Jun 30, 2021 4:56am
squeeze more mf
but the only way is down
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yes yes yes
  • #605,876
  • Jun 30, 2021 4:57am Jun 30, 2021 4:57am
Quoting Moty
squeeze more mf but the only way is down {image}
lets see how it work , for today anything can happen mot ,its monthly candle close , price can easier up and down like crap
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #605,877
  • Jun 30, 2021 5:00am Jun 30, 2021 5:00am
...solid 1hr bullish close and into the potential supply. 1hr below. How strong are the bulls now?
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Trader with an Edge.
  • #605,878
  • Jun 30, 2021 5:00am Jun 30, 2021 5:00am
Quoting mysterio
Alternative scenario is the W pattern plays out and we retest 1.39 Waiting for confirmation either way Maybe a bounce on the England win?? (Someone on Bloomberg says Sterling has fallen the day after England fall out of a major tournament every time it's happened ) For a W pattern waiting to go long on a 61.8 retrace of the last bullish leg is a good way to play it Break of the small momentum line on 5m would be confirmation for short {image}
As a beginner trader, I must say this is the type of analysis that fascinates me! I look forward to getting here someday!
  • #605,879
  • Jun 30, 2021 5:02am Jun 30, 2021 5:02am
agree with moty..

Trade with prediction = witch with her visions lol
  • #605,880
  • Jun 30, 2021 5:02am Jun 30, 2021 5:02am
shorted GU at 1.3854 ...taken small risk
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