Cable Update (GBPUSD)

Hello friends, despite buyers pull back in price shorts @ 1.3867-74 we posted earlier today should still be profitable at the moment although might not close below the 1.3812 bearish bias point of today. What happened in the market today should not be a much surprise as we can link this to the adjustment of key event line up on the economy carlender today. I mean as at yesterday backwards there were no key event for today and that by analysis of professional traders there should be a bullish trade all through the day for today and that exceeding bullish but jon psoting our analysis this morning we noticed an update in the carlender and that changed the direction and the trading environment (Trending to ranging)we should have had today.

Nevertheless we weere not surprised to see the N.america traders being bullish alerted were more bullish to go up and not finding there way out had to go down to make a new day llow @ 1.3827 before the wall street traders opened @ 2pm GMT , and that by professional calculation translated into buying and closing the day @ 1.3856 where we expect price to close.

Now whether they close high or low we already have the buying setup for tomorow als we have seen buyers support @ 1.3889 just below sellers resistance @ 1.3901 to give a lift for price to make its way above tomorow, althoughwith current low of 1.3827 the european session sentiment tomrow is clearly bearish but the bearish bias point is somewhere up above the price where sellers have to break and what does this means? we are likely having an exceedingly bullish market for tomorow so selling should not go far below what the Aisain traders sets as low for the day. Happy trading.a

Only two ingredients MM and patience, recipe, big bank small lots and KISS (keep it stupidly simple)

bro you close your trades in loss?

Excellent and precise points

Well deserved, W!

You have an attitude of a real winner !
Where would our society be without those few people who are having great ideas, patience and sound management practice.

Trading is peanuts (for you) compared to what those great scientist & inventors went through.
We don't have to invent something new to be profitable, we just have to adjust a "simple" system that fits our personality and prepare our minds to be fearless, roughly speaking.

Adding to that I pay attention to what makes SENSE TO ME and learn to modify, perfect and trade THAT way.
I just forget the rest as it will only confuse me.
The SIMPLER I keep it, the more successful I will be. * (like you said KISS)

Personally I believe that if a person were skilled enough and worked at it, they probably could trade Price Action alone and do really well no matter what chart they were on. That's what and how I'm trading now.

I can't do it yet in full, but I WILL GET THERE, with your guide and if I decide to.

Thanks W.

Trade Safe & good nite.

PAT

In a tight range market, scalp with upper and lower prices asteriked to prepare for break out;

In a volatile environment, swing with modest lot size and avoid overthinking.

Here is a scalp result for today...

The long trade didnt pun out.

Now short a few trades here.

Trading shouldn't be that way IMO.
Since you're not a dealer or Market maker, if they don't move in your direction it doesn't mean you were wrong. I would rather scratch out and wait for another ambush .
It shouldn't involve live or death

GU

This was late scalping entry.

Closing all scalping now.
Getting late and tomorrow another day to trade.

@Moty appears the shorts are more interested in the 1.3800-1.3780 zone as of now

-Prophet

This pair has been ranging since the beginning of the month.
I'm getting bored

the market is always a range depending on where u view from.

we have a narrow range and a wide range

Lol,, just about need a calculator for the pages now ,more pages than pips for a day lol ,,,, ,, still only fifty pips ,,,,,,,,,,, boys a bit confused ,,,,,,, half way thru a quarter and here it is an even wash ,,,,all them damn places it was going lol,,,,,, reckon they get their mind made up soon ,,,,,, as ya get told at closing time ,, dont have to go home but ya cant stay here ,,,,,,,,, its got to go somewhere ., the merry go round has to spin ,, it has too ,,,,,,, so it cant stay here

Expecting a killer breakout long tomorrow lets see what LO brings-- hope to get in at a good level. Anything can happen though

Okay so for tomorrow, I expect the high to be 1.3865-70 and low 1.3790, could be stretched to maximum 1.3725.

My plan is to short tomorrow, however, IF price gets to 1.3775 i will be carefully looking for long opportunities

buy opportunity


Order: 1,38810

SL: 1,38269

TP: 1,39620

GU will find resistance today topped at 1.3870 with possible rejecton around 1.3857, and support around 1.3830, bulls for base above to 1.3890s with possible extension to 1.3920, bears for base below to 1.3790s

Alhmadulillah small profit scalping

-Prophet

We need to get there first.
There is a strong magnet atracting 1.38 at the moment.