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Cable Update (GBPUSD)

  • #607,061
  • Jul 5, 2021 1:27pm Jul 5, 2021 1:27pm
What a mess.
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  • #607,062
  • Jul 5, 2021 1:29pm Jul 5, 2021 1:29pm
Quoting Bainbrito
What a mess. {image}
no it's japanese
How to succeed in zero sum game?
  • #607,063
  • Jul 5, 2021 1:35pm Jul 5, 2021 1:35pm
Quoting Passenger12
{image}is that seriously happen thats spread was giant?
YES the spread regulary goes berzyquack at particular times of the day (low volume) for me @ 2230 and midnight (GMT). You MUST know/learn when this occurs and avoid them if it affects (probably badly) pending or existing trades. There are ways to avoid being caught in this daily event all part of the learning process.
The elites think we are stupid. They are in the main quite correct.
  • #607,064
  • Jul 5, 2021 1:35pm Jul 5, 2021 1:35pm
Quoting dempire1
{quote} no it's japanese
Nihongo wa hanasemasen!!
  • #607,065
  • Jul 5, 2021 2:04pm Jul 5, 2021 2:04pm
What's going on here ?
can someone Explain this spread ? I really need your help guys .
  • #607,066
  • Jul 5, 2021 2:15pm Jul 5, 2021 2:15pm
Quoting sajjad3000
What's going on here ? can someone Explain this spread ? I really need your help guys .
NY is closed, public holiday
  • #607,067
  • Jul 5, 2021 2:21pm Jul 5, 2021 2:21pm
Quoting mysterio
{quote} NY is closed, public holiday
9=10 pips difference on iG
  • #607,068
  • Jul 5, 2021 2:23pm Jul 5, 2021 2:23pm
Quoting Jolita
{quote} 9=10 pips difference on iG
Just need to sit on yours hands until it blows over
  • #607,069
  • Jul 5, 2021 2:24pm Jul 5, 2021 2:24pm
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yes yes yes
  • #607,070
  • Jul 5, 2021 2:41pm Jul 5, 2021 2:41pm
Ma 50 touché mais pas franchi

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On va à la baisse ou on peut espérer une hausse ?
Don't be too greedy
  • #607,071
  • Jul 5, 2021 3:02pm Jul 5, 2021 3:02pm
Quoting Bainbrito
What a mess. {image}
Ideal for scalping
  • #607,072
  • Jul 5, 2021 3:04pm Jul 5, 2021 3:04pm
Quoting Jolita
{quote} Ideal for scalping
Not with the big spreads
  • #607,073
  • Jul 5, 2021 3:09pm Jul 5, 2021 3:09pm
I am short from 1.3851. The h1 200d ema-red line and 200d sma pink line, together have held the range Bearish since falling below on June 11th. We are testing against it now and I believe it will continue to prove formidable resistance.
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  • #607,074
  • Jul 5, 2021 3:14pm Jul 5, 2021 3:14pm
Quoting mysterio
{quote} Ideally looking for this sort of scenario on dxy before going long cable, lets see {image}
Tough call to hold a position through the widened spreads/volatility, but this is exactly what I wanted to see on the dxy for a drop on cable. Hopefully can get a stop to breakeven before sleeping, short entry was 1.3858

Dunno what that pinbar was all about
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  • #607,075
  • Jul 5, 2021 4:18pm Jul 5, 2021 4:18pm
Quoting mysterio
{quote} Tough call to hold a position through the widened spreads/volatility, but this is exactly what I wanted to see on the dxy for a drop on cable. Hopefully can get a stop to breakeven before sleeping, short entry was 1.3858 Dunno what that pinbar was all about {image}
OPEC meating is calcelled.
This caused Oil to rise too
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  • #607,076
  • Jul 5, 2021 6:38pm Jul 5, 2021 6:38pm
What the mess. Price still move on these range xD
Still holding my sell price still below havent break yet
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #607,077
  • Edited 7:38pm Jul 5, 2021 7:20pm | Edited 7:38pm
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yes yes yes
  • #607,078
  • Jul 5, 2021 7:35pm Jul 5, 2021 7:35pm
Quoting Pat Chiko
{quote} GU Moving towards RBR and testing DOP with untested demand zone. Very tight range expected as US holiday. Just scalp for tiny profit will do for today. {image}
GU

What a mental trap.

Now conventional TA tells to also look for patterns such as compression, wedges, flags etc so normally draw them on chart to get the idea what is price up to.

The problem I'm finding now is that although I can generally draw the larger structures fairly well, its reading the smaller structures that the problem - especially weeding out the false moves and hence stops being hit.

This is the shake out happen after the compression, with price just consumed the last untested supply zone. True that why I'm not gonna let it shake me out as gonna stick to the game plan and conviction regardless of the noise and spike at LTF.

The whole moves will form either "M" or "W" Pattern, which form to complete the whole move.
If you let your mind to fall in this trap/shake out, you'll lose everything because one time you are on one side and then on other side.

Mind is always trolling but there is a way to stop its game, be aware of your thoughts.

Looking forward for a better trade set up today.

Trade Well and Trade Safe.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #607,079
  • Jul 5, 2021 7:37pm Jul 5, 2021 7:37pm
Quoting Waveskierrob
{quote} Just need to sit on yours hands until it blows over

Is a tricks.

Don't sit on your hand,
Your hand will smell bad if you fart.



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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #607,080
  • Jul 5, 2021 7:40pm Jul 5, 2021 7:40pm
Quoting KiwiTrada
Gold is almost tapping top of last 12 days daily range, 1795ish worth an eyeball looking for cheap short entry:-)
14hrs later still waiting :-)
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