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Cable Update (GBPUSD)

  • #609,761
  • Jul 15, 2021 7:59am Jul 15, 2021 7:59am
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Like me, cuts losses quickly. But has more patience and lets his winn
  • #609,762
  • Jul 15, 2021 8:00am Jul 15, 2021 8:00am
breaking it down.. lets see...
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  • #609,763
  • Jul 15, 2021 8:03am Jul 15, 2021 8:03am
Quoting babayaga
last scalping sell, buy for 4 pips & manually close {image}
u r great in making profit ....
  • #609,764
  • Jul 15, 2021 8:10am Jul 15, 2021 8:10am
Quoting Wavegarrick
{quote} Hi Folks, As per the above post, there is no indication yet that we are going in for a bullish spell. I remain short and used retraces to add more shorts, all locked in. Trade safe. Cheers. {image}
This is REALLY AMAZING!! Very few traders are able to achieve this.

Please kindly share your pips-meter.
  • #609,765
  • Jul 15, 2021 8:14am Jul 15, 2021 8:14am
Quoting maheeee
{quote} u r great in making profit ....
some days

thank you
dolce vita
  • #609,766
  • Jul 15, 2021 8:14am Jul 15, 2021 8:14am
Quoting Pat Chiko
{quote} GU Add few more scalp position. Extra careful as today range are within the symmetrical triangle, and range is getting narrower. Price tested the upper and lower TL of symmetrical triangle. {image}
GU

All position is in negative except two with tiny gain.

As price are trapped inside the symmetrical triangle, no big moves happen except big push up during London Open.

May have to close and re analyze trade situation before London Close.

Today overall position still in negative balance. Look forwrd for tomorrow to recover some loses.

Maybe getting out of this mess with small loses. Trade Safe friends and all the best in your trading.


PAT


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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #609,767
  • Jul 15, 2021 8:21am Jul 15, 2021 8:21am
Thank you Pat, for very insightful comments throughout this thread
  • #609,768
  • Jul 15, 2021 8:26am Jul 15, 2021 8:26am
Quoting Pat Chiko
{quote} GU All position is in negative except two with tiny gain. As price are trapped inside the symmetrical triangle, no big moves happen except big push up during London Open. May have to close and re analyze trade situation before London Close. Today overall position still in negative balance. Look forwrd for tomorrow to recover some loses. Maybe getting out of this mess with small loses. Trade Safe friends and all the best in your trading. PAT {image}
I didn't lost money overall but the tension it gave wasn't worth. Yesterday was great but today is really bad for me either.

Anyway hope other's had good day.

Trade safe.
Try the simple and make it for you ~
  • #609,769
  • Jul 15, 2021 8:29am Jul 15, 2021 8:29am
Quoting Aussie1981
Thank you Pat, for very insightful comments throughout this thread
Hola Aussie1981,

I enjoy writing and giving my trading thought sharing with other as much as possible.

Unfortunately, not today...... lol

Today I'm in negative USD 2,460 in nett. Loses minus some winning earlier.

Need to a bit of focus to manage the current trade which still in negative region.

I'm glad to be able to give some back to fellow traders in term of knowledge and trading.

Some of my insight are not so great, you just can skip those.

Take care and looking forward for you to post some ideas in trading especially GBP/USD.

Thank You

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #609,770
  • Jul 15, 2021 8:37am Jul 15, 2021 8:37am
...just updating charts, bullish expanding triangle structure in 1hr range, 4hr rangy too... 15min bullish hidden div @ the current p/back lo off today's current dly hi. 86pip range so far today = 90.2% 30day adr. 1hr below. Pink zones are prev 30min sw hi/lo's only.
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Trader with an Edge.
  • #609,771
  • Jul 15, 2021 8:44am Jul 15, 2021 8:44am
GU Renko.
Level to watch.

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  • #609,772
  • Jul 15, 2021 8:46am Jul 15, 2021 8:46am
Quoting Pat Chiko
{quote} Hola Aussie1981, I enjoy writing and giving my trading thought sharing with other as much as possible. Unfortunately, not today...... lol Today I'm in negative USD 2,460 in nett. Loses minus some winning earlier. Need to a bit of focus to manage the current trade which still in negative region. I'm glad to be able to give some back to fellow traders in term of knowledge and trading. Some of my insight are not so great, you just can skip those. Take care and looking forward for you to post some ideas in trading especially GBP/USD. Thank You...
I think your money management is solid and you will sort out this dip in one or 2 sessions.
  • #609,773
  • Jul 15, 2021 8:50am Jul 15, 2021 8:50am
Quoting thomi
{quote} protected trade {image}
reverse
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  • #609,774
  • Jul 15, 2021 8:56am Jul 15, 2021 8:56am
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yes yes yes
  • #609,775
  • Jul 15, 2021 8:58am Jul 15, 2021 8:58am
Currently i see no reason to go long,

yes it looks like the trend is up and of course it is but the overall trend is down meaning the uptrend is a correction hence i am short and still holding my position from earlier.

Worse case scenario i lose 20 pips
Follow The Markets Structure - Patience and Discipline
  • #609,776
  • Jul 15, 2021 8:59am Jul 15, 2021 8:59am
Quoting Aussie1981
{quote} I think your money management is solid and you will sort out this dip in one or 2 sessions.
Lesson of the day for me .

I'm sharing it with you.

Overall structure, price is making LH and engulf for Lower Low. Breaking down structure good for shorting.

Price react to all supply zone and went down smoothly.

The point I get caught was not even Flag Limit/FTR or Demand zone, still price surge up in one single 15M candle for 55 pips in one go.

This is I believe just a manipulation , as I couldn't find any other reason, on why price reacted at that particular point in reverse.

Here's the chart.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #609,777
  • Jul 15, 2021 9:00am Jul 15, 2021 9:00am
...bearish 1hr close ...broken steepest asc 1hr t/line now as chart moved to the left lol!...1hr below
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Trader with an Edge.
  • #609,778
  • Jul 15, 2021 9:02am Jul 15, 2021 9:02am
Quoting pipfarm
Currently i see no reason to go long, yes it looks like the trend is up and of course it is but the overall trend is down meaning the uptrend is a correction hence i am short and still holding my position from earlier. Worse case scenario i lose 20 pips
Hi pipfarm

just below to your post, I posted a chart, where I got caught by the bull surge.

Still couldn't figure out the reason. There's no demand zone , S&R or Flag Limit or FTR zone.

Maybe with your experience ,you can share the logical reason for the spike up.

All I can think at the moment is manipulation.

Thanks in advance.

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #609,779
  • Edited 1:44pm Jul 15, 2021 9:03am | Edited 1:44pm
Quoting Pat Chiko
{quote} Lesson of the day for me . I'm sharing it with you. Overall structure, price is making LH and engulf for Lower Low. Breaking down structure good for shorting. Price react to all supply zone and went down smoothly. The point I get caught was not even Flag Limit/FTR or Demand zone, still price surge up in one single 15M candle for 55 pips in one go. This is I believe just a manipulation , as I couldn't find any other reason, on why price reacted at that particular point in reverse. Here's the chart. {image}
It was in response to Gilt yields surging after the MPC member announced early tapering of asset purchasing

I was in long anyway because we had taken the trendline/asia low liquidity and were reversing so believe it was headed up anyway

Entry was a little late

Busy this week so don't have the time to scalp the range unfortunately
  • #609,780
  • Jul 15, 2021 9:04am Jul 15, 2021 9:04am
short here at 1.3850 for 100 maybe tomorrow will get them

Cheers
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
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