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Cable Update (GBPUSD)

  • #606,561
  • Jul 2, 2021 6:38am Jul 2, 2021 6:38am
First impulse at NFP release can be false
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Air force
  • #606,562
  • Jul 2, 2021 6:40am Jul 2, 2021 6:40am
Quoting Vincent1
{quote} Stop loss moved at the BE Free trade...the best way to make trading, risk = 0 Second TP set at 1.3730
Second TP not reached yet, moved SL at 1.3760 to protect from NFP
  • #606,563
  • Jul 2, 2021 6:43am Jul 2, 2021 6:43am
Quoting Moty
{quote} {file}
Thank you Moty.
But pay attention when you use it because repaint a lot.
  • #606,564
  • Jul 2, 2021 6:44am Jul 2, 2021 6:44am
first trade..
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Trade with prediction = witch with her visions lol
  • #606,565
  • Jul 2, 2021 6:45am Jul 2, 2021 6:45am
NFP .... 1.3720 ^ 1.3796... for me, should price start grinding towards the low 5 minutes to the news then it's a buy.. ..
Data + Stat + Risk/Emotions Management
  • #606,566
  • Jul 2, 2021 7:03am Jul 2, 2021 7:03am
Sentiment -

GBP/USD 77% BYING
USDOLLAR 86% BYING
USD/JPY 66% SELLING

Nice one - Ether 100% BYING
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  • #606,567
  • Jul 2, 2021 7:08am Jul 2, 2021 7:08am
Happy NFP everyone!
How to succeed in zero sum game?
  • #606,568
  • Jul 2, 2021 7:15am Jul 2, 2021 7:15am
Quoting mysterio
{quote} I saw it, there was actually a buy there according to my rules (HTF demand then m5 demand, could have entered on the bear candle when it re-tested). I don't usually trade this close to NFP but it ticked the boxes for me, had TL confluence too. {image}
Scalp buying from this level... locked in BE... tiny size. Whatever happens happens!
  • #606,569
  • Jul 2, 2021 7:15am Jul 2, 2021 7:15am
Quoting Vincent1
{quote} {quote} {quote} And this is the entry based on the analysis. I really like this signal and structure. Sell stop under last Bulls action. The size of the entry splitted in 2 positions, 1 with tp at 1.3830, the other without tp. Market will tell us the target day by day. SL at 1.4010 to move in profit asap, but it also depends on the BOE news tomorrow {image}
Quoting Vincent1
{quote} Second TP not reached yet, moved SL at 1.3760 to protect from NFP

Closed second position manually at 1.3742

And finally the result about the trade posted real time on June 23rd:
https://www.forexfactory.com/thread/...8#post13596988
https://www.forexfactory.com/thread/...0#post13598680
I did it since I have received some request after posting the weekly analysis. So I have tried to give a live exemple on how I use it, and my strategy on long TF.

Took profit on both positions. First position +149, second position +237
So, the average for the full size posizion is 193 pips in 9 days
The stop loss was at -31. After first retracement, moved SL at BE, than in profit
So Risk:Reward has been 1:6,2

As per MM risked 3%, so gained 18,6% with just one trade
Maximum drawdown -7 the day after
Before this trade, I close the first attempt at -7: https://www.forexfactory.com/thread/...8#post13596508
So, the total gain for this setup up has been 18%

Remember, this trade is based on Higher time frames, that's why it lasted 9 days.
I'm not a scalper. I don't spend 24 hours in front of the monitor, no stress, I have all the free time for my hobbies. I use the alerts that come to my phone when the price reaches some interesting levels.
Everyone has their own style, uses the TFs they prefer and the strategies they find best for themselves. This is my favorite one, for me, it may not be for you.
Try different strategies until you find the one that best suits your character and lifestyle.

Today NFP, I don't trade it and have no idea how it's going to go. I will do the usual analysis after the weekly close, waiting for the price to rise a bit and prepare for the next bearish setup.

Green Pips for All

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  • #606,570
  • Jul 2, 2021 7:17am Jul 2, 2021 7:17am
so eery.. before nfp
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Trade with prediction = witch with her visions lol
  • #606,571
  • Jul 2, 2021 7:18am Jul 2, 2021 7:18am
W formed . Maybe we can see upward on NFP then slowly goes back to bottom again
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #606,572
  • Jul 2, 2021 7:21am Jul 2, 2021 7:21am
Quoting kris89
W formed . Maybe we can see upward on NFP then slowly goes back to bottom again
where ?
Trade with prediction = witch with her visions lol
  • #606,573
  • Jul 2, 2021 7:22am Jul 2, 2021 7:22am
Quoting dimitricss
{quote} where ?
M30
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #606,574
  • Jul 2, 2021 7:22am Jul 2, 2021 7:22am
Quoting Vincent1
{quote} {quote} Closed second position manually at 1.3742 And finally the result about the trade posted real time on June 23rd: https://www.forexfactory.com/thread/...8#post13596988 https://www.forexfactory.com/thread/...0#post13598680 I did it since I have received some request after posting the weekly analysis. So I have tried to give a live exemple on how I use it, and my strategy on long TF. Took profit on both positions. First position +149, second position +237 So, the average for...
That's great man. Doing the analysis is one thing but having the patience and courage to execute on both sides of the trade is a whole other thing entirely. I got in at 1.40 and out at 1.39 the next day but even that took a lot for me. Having the courage of your convictions in trading requires the kind of confidence that comes from experience. I pretty much have to scalp at my stage because I don't have the emotional control to hold trades over several days.
  • #606,575
  • Jul 2, 2021 7:23am Jul 2, 2021 7:23am
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yes yes yes
  • #606,576
  • Jul 2, 2021 7:24am Jul 2, 2021 7:24am
Quoting 19monza64
{quote} Thank you Moty. But pay attention when you use it because repaint a lot.
yes.
just removed it
yes yes yes
  • #606,577
  • Jul 2, 2021 7:27am Jul 2, 2021 7:27am
At a crucial dxy Monthly trendline and resistance. Lets see
  • #606,578
  • Jul 2, 2021 7:32am Jul 2, 2021 7:32am
Potentially taken out some SL positions maybe upwards now?
Insane in the Brain..
  • #606,579
  • Jul 2, 2021 7:34am Jul 2, 2021 7:34am
June's NFP chart
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  • #606,580
  • Jul 2, 2021 7:34am Jul 2, 2021 7:34am
Quoting mysterio
{quote} Scalp buying from this level... locked in BE... tiny size. Whatever happens happens!
BE stop punched then rocket standard
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