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Cable Update (GBPUSD)

  • #608,781
  • Jul 12, 2021 9:13am Jul 12, 2021 9:13am
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yes yes yes
  • #608,782
  • Jul 12, 2021 9:15am Jul 12, 2021 9:15am
Quoting navk
{quote} there it is... watch this 15min candle close... bullish start.

It was a classic hi-prob set-up wasn't it?...well described by Mysterio in a post above...the 5min rounding pattern, the regular bullish divergence to 15min, the 1hr bullish hidden div, the re-test, the prev 4hr sw hi zone = prev res = pot rbs...if any intraday trader didn't get long there they need to ask themselves why not...although 4hr wasn't trending there was a bullish tone within it's ranging conditions..nice set-up, with a 3/4 of 'typical' risk for me due to the 4hr conditions..

1hr below.
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Trader with an Edge.
  • #608,783
  • Jul 12, 2021 9:15am Jul 12, 2021 9:15am
Here we go again with the bull trap and bear trap nonsense. I can see why more and more people are leaving the Forex market to trade other things. It is becoming increasingly hard to follow this market.
Learn from your mistakes and march on.
  • #608,784
  • Jul 12, 2021 9:18am Jul 12, 2021 9:18am
Quoting Pat Chiko
{quote} GU Scalping {image}
GU

End of scalping

H4 SRF zone.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #608,785
  • Jul 12, 2021 9:22am Jul 12, 2021 9:22am
Quoting Pat Chiko
{quote} GU End of scalping H4 SRF zone. {image}
Excellent Pat it was a nice bull flag move with 3840 support and popped out at 3850 for those trading flags , 3910 could be a tp then it could see 3940
  • #608,786
  • Jul 12, 2021 9:23am Jul 12, 2021 9:23am
Quoting Pat Chiko
{quote} GU End of scalping H4 SRF zone. {image}
It seems scalping/day trading is the only way you can really make money in this market now. Trading higher time frames such as the Daily doesn't seem to work as well anymore, as the price action appears to be getting messier and messier.
Learn from your mistakes and march on.
  • #608,787
  • Jul 12, 2021 9:24am Jul 12, 2021 9:24am
Quoting gespiri
{quote} The 1.3830 is last week's open price and this pair almost always test open prices. Meanwhile, the lower test price is based on below chart. {image} Let's see how far this thing corrects. My medium TP is still 1.4010 before plunging.
Gespiri.

Thanks for helping to save my trade.

From your post, I took evasive step by moving my SL to another 10 pips.
Price did reach exactly to the previous SL +- 3 pips. It definitely hit my SL if I didn't moved it.

That was luck escape, thanks to you.

This thread full of wonderful traders ready to help other struggling traders.

Keep up the good work.

Regards

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #608,788
  • Jul 12, 2021 9:25am Jul 12, 2021 9:25am
Quoting here2there
{quote} It seems scalping/day trading is the only way you can really make money in this market now. Trading higher time frames such as the Daily doesn't seem to work as well anymore, as the price action appears to be getting messier and messier.

You are right.

At the end of June, I thought of selling off GU with the price action of monthly timeframe. Then there came the bullish move.

Then I decided to stay to my intraday trading.
#Stay blue. /swinger/scalper/
  • #608,789
  • Jul 12, 2021 9:25am Jul 12, 2021 9:25am
Quoting here2there
{quote} It seems scalping/day trading is the only way you can really make money in this market now. Trading higher time frames such as the Daily doesn't seem to work as well anymore, as the price action appears to be getting messier and messier.
I got few trading friends in this thread really helping me to trade.

Entering, existing , even placing SL.

They are wonderful people. I'm stoked.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #608,790
  • Jul 12, 2021 9:26am Jul 12, 2021 9:26am
Quoting Pat Chiko
{quote} Gespiri. Thanks for helping to save my trade. From your post, I took evasive step by moving my SL to another 10 pips. Price did reach exactly to the previous SL +- 3 pips. I will my SL if I didn't moved it. That was luck escape, thanks to you. This thread full of wonderful traders ready to help other struggling traders. Keep up the good work. Regards PAT
You owe me an virtual beer!
Lost....
  • #608,791
  • Jul 12, 2021 9:26am Jul 12, 2021 9:26am
Quoting Pat Chiko
{quote} Gespiri. Thanks for helping to save my trade. From your post, I took evasive step by moving my SL to another 10 pips. Price did reach exactly to the previous SL +- 3 pips. I will my SL if I didn't moved it. That was luck escape, thanks to you. This thread full of wonderful traders ready to help other struggling traders. Keep up the good work. Regards PAT
Exactly. I've been learning alot. And thanks to you all as well.

I love this thread more than my ex
#Stay blue. /swinger/scalper/
  • #608,792
  • Jul 12, 2021 9:26am Jul 12, 2021 9:26am
...Below the current dly hi and along with the 2 x pot res zones (highest leading to current dly hi) shown on my 1hr chart above, we have the desc 4hr t/line joining 4185 with 3109, then above those zones the prev 1hr/4hr swing hi zone = prev res = pot res to 3940 (dark blue zone on chart below) thru which a couple of fibs run. Dly R1 and Wkly R1 are above this. 4hr below.
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Trader with an Edge.
  • #608,793
  • Jul 12, 2021 9:28am Jul 12, 2021 9:28am
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Quoting Pat Chiko
{quote} I got few trading friends in this thread really helping me to trade. Entering, existing , even placing SL. They are wonderful people. I'm stoked.
Lol that’s nice but your good you don’t really need any help nice clear trade today
  • #608,794
  • Jul 12, 2021 9:28am Jul 12, 2021 9:28am
Now, this 4hr candle is critical....if it closes above Friday's high then it will keep going.
Otherwise, more of the same ranging shit.....
Lost....
  • #608,795
  • Jul 12, 2021 9:28am Jul 12, 2021 9:28am
Quoting here2there
Here we go again with the bull trap and bear trap nonsense. I can see why more and more people are leaving the Forex market to trade other things. It is becoming increasingly hard to follow this market.
What other markets do you recommend

I find GU fine for scalping if you can master your emotions and are prepared to put the time in, I could never swing trade this market I don't think

I've only been studying these markets (forex) for 7 months so it's all I know really

Stocks I'm not interested in because I prefer macro over micro, crypto is just a huge pump and dump scheme. Commodities pretty interesting but I think if you're scalping it's best to stick to one max two markets and master it as you have to be aware of the subtle nuances if you're going in with 10 pips or less SL.

Also bull trap.. I don't think so, this is the clearest long I've seen on GU in a while, pretty relaxed about holding, hopefully someone doesn't quote this back to me later in the week with the price at 1.37
  • #608,796
  • Jul 12, 2021 9:30am Jul 12, 2021 9:30am
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  • #608,797
  • Jul 12, 2021 9:33am Jul 12, 2021 9:33am
3924 is the 161 ext number if it breaks up
  • #608,798
  • Jul 12, 2021 9:35am Jul 12, 2021 9:35am
Quoting Pat Chiko
{quote} GU End of scalping H4 SRF zone. {image}
Looks like your stalker is back
  • #608,799
  • Jul 12, 2021 9:36am Jul 12, 2021 9:36am
Quoting maheeee
{quote} i think price will redown to 1.38000
Yes you're back
  • #608,800
  • Jul 12, 2021 9:37am Jul 12, 2021 9:37am
Quoting mysterio
{quote} What other markets do you recommend I find GU fine for scalping if you can master your emotions and are prepared to put the time in, I could never swing trade this market I don't think I've only been studying these markets (forex) for 7 months so it's all I know really Stocks I'm not interested in because I prefer macro over micro, crypto is just a huge pump and dump scheme. Commodities pretty interesting but I think if you're scalping it's best to stick to one max two markets and master it as you have to be aware of the subtle nuances if...
I really can't recommend any other markets at this time. But swing trading the Forex market is becoming increasingly difficult.
Learn from your mistakes and march on.
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