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Cable Update (GBPUSD)

  • #611,201
  • Jul 21, 2021 7:35am Jul 21, 2021 7:35am
Quoting Wavegarrick
{quote} Hi Scotteyy, Thank you and also @ Coyoteugly, thanks, friend. To answer your question. If we start showing clear bullish signals I will close some of my sell trades. In the past I was target orientated and would close a basket at 500 pips or so. Here's the thing. Starting afresh and opening new trades brings a whole new set of psychological issues for me. Even though I know we are in a trend I always sit and think that we could be nearing the end of the cycle or a trend, I will either be too scared to open trades or I will open a trade and...
Fab lesson. Great example that patience pays off and long term approach to trading is safer and more profitable than scalping. Scalping is not easy for me psychologically, especially placing the SL. The uncertainty and fear when opening a position is something that I still struggle with, but it is great to see in this thread various approaches to trading one and the same thing at expert level, where one could see and learn a lot. Thanks!
Did you place your stop loss order? Why not?!? Story of my life...
  • #611,202
  • Jul 21, 2021 7:40am Jul 21, 2021 7:40am
Quoting Ihlas
30 MINUTES LEFT TO FLY. Count down started. NeXt one hour candle
TP 1.36800 Enough for today
  • #611,203
  • Jul 21, 2021 7:48am Jul 21, 2021 7:48am
Quoting pipfarm
{quote} GU is a correction overall so i have taken an impulse trade within swing 3 of the correction, GY is a reversal overall and again i have taken an impulse within swing 3 of leg 3 of the break out

Stop @ b/e after the push up , especially GU as it is corrective overall

Target for GU 3675 +55 and GJ 151.17 + 120
Follow The Markets Structure - Patience and Discipline
  • #611,204
  • Jul 21, 2021 7:50am Jul 21, 2021 7:50am
Attached Image (click to enlarge)
Click to Enlarge Name: GU 21 JULY 2.jpg Size: 152 KB
Did you place your stop loss order? Why not?!? Story of my life...
  • #611,205
  • Jul 21, 2021 8:04am Jul 21, 2021 8:04am
Watching these two zones for targets/potential reversal

Would like to say we can make it to the upper one but just gotta watch m5 for clues
Attached Image (click to enlarge)
Click to Enlarge Name: s1.jpg Size: 194 KB
  • #611,206
  • Jul 21, 2021 8:05am Jul 21, 2021 8:05am
Quoting 19monza64
GJ Renko. Just for don't sleep About + 80 pips. {image}
GJ fly ...
hope that GU finally take same direction.
  • #611,207
  • Jul 21, 2021 8:09am Jul 21, 2021 8:09am
Attached Image (click to enlarge)
Click to Enlarge Name: 77A0CC7C-123E-416F-975E-73575F79EB61.jpeg Size: 183 KB
  • #611,208
  • Jul 21, 2021 8:12am Jul 21, 2021 8:12am
Quoting mysterio
Watching these two zones for targets/potential reversal Would like to say we can make it to the upper one but just gotta watch m5 for clues {image}
What are the targets numbers, Mysterio? Cannot see from your chart.
  • #611,209
  • Jul 21, 2021 8:12am Jul 21, 2021 8:12am
Quoting Moty
long entry to tp between 31 to 43 pips i changed my tp to 1.36440 , i have enough of this shity pair when i looking for scalp it dropping or spiking hard and when i look for long target , it range put short tp for ucad too{image}{image}
bingo !!!
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 36 KB


gu is lazy today, ucad is almost at adr low , and gu is no where near the adr high
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 63 KB



i hope the dx will help push
Attached Image (click to enlarge)
Click to Enlarge Name: dx.png Size: 43 KB
yes yes yes
  • #611,210
  • Jul 21, 2021 8:14am Jul 21, 2021 8:14am
Quoting IBabyTrader
{quote} What are the targets numbers, Mysterio? Cannot see from your chart.
whoops sorry

1.3650-77

And 1.3703-25
  • #611,211
  • Jul 21, 2021 8:15am Jul 21, 2021 8:15am
Slight hesitation there on Gu as it is a break out trend/ corrective overall and not reversal

Compare with GY which is a reversal and it is flying

plus GY has jpyusd moving up which helps
Follow The Markets Structure - Patience and Discipline
  • #611,212
  • Jul 21, 2021 8:16am Jul 21, 2021 8:16am
Attached Image (click to enlarge)
Click to Enlarge Name: 3B347B25-303C-4F01-AA36-1A5568F09C56.png Size: 623 KB
lots of resistance. 3650 3690 3720 . Short 3570 if we see resistance take hold . For me fail at 3620 then that 3570 and 3540 . But play it as we see it
  • #611,213
  • Jul 21, 2021 8:19am Jul 21, 2021 8:19am
Buy at the retest of line
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 49 KB
  • #611,214
  • Jul 21, 2021 8:23am Jul 21, 2021 8:23am
Quoting mysterio
{quote} whoops sorry 1.3650-77 And 1.3703-25
Thank you, just closed with a 10 pip profit. Will enter after NYO.
  • #611,215
  • Jul 21, 2021 8:29am Jul 21, 2021 8:29am
closed my longs.

Had nice day though it is small range.

Now will look to short above 3755 to 3775
Intraday only.
  • #611,216
  • Jul 21, 2021 8:36am Jul 21, 2021 8:36am
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uc.png Size: 36 KB
Click to Enlarge Name: gu2.png Size: 47 KB
yes yes yes
  • #611,217
  • Jul 21, 2021 8:37am Jul 21, 2021 8:37am
Patience and market structure, will post the structure charts later as i have to monitor these trades atm

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 38 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 44 KB
Follow The Markets Structure - Patience and Discipline
  • #611,218
  • Jul 21, 2021 8:37am Jul 21, 2021 8:37am
Quoting rajib4
{quote} Adjusted the SL (cutting short the risk) as price is on my side for some time now... {image}Let's see what happens...
Done. Price hit SL.
  • #611,219
  • Jul 21, 2021 8:40am Jul 21, 2021 8:40am
Quoting BigNumbers
Next Equilibrium position and also a Resistance Level 1.36666 Keep it Simple.... BigNumbers {image}

It’s coming to PASS.
My telegram: https://t.me/avidforex
  • #611,220
  • Jul 21, 2021 8:42am Jul 21, 2021 8:42am
Quoting elbert3
{image} lots of resistance. 3650 3690 3720 . Short 3570 if we see resistance take hold . For me fail at 3620 then that 3570 and 3540 . But play it as we see it
hit now do you have the knowhow and to hold to 3660
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