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Cable Update (GBPUSD)

  • #617,241
  • Aug 17, 2021 8:19am Aug 17, 2021 8:19am
Quoting Nd10
{quote} Don't rule it out. The bullish flag is still valid
I’m usually quite optimistic but even with data being cable positive it’s tanked hence
Insane in the Brain..
  • #617,242
  • Aug 17, 2021 8:20am Aug 17, 2021 8:20am
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just hold you nerve trade with confidence
  • #617,243
  • Aug 17, 2021 8:21am Aug 17, 2021 8:21am
Quoting Waveskierrob
{quote} Going with you BUY @ 1.3792 no tp no sl
Scalp has now become swing
  • #617,244
  • Aug 17, 2021 8:23am Aug 17, 2021 8:23am
Crazy moves today, looks like retail stop hunting.
GBP economy is recovering, USD all over the place.

FF froze too.

What will we see next - tapering, interest rise or anything else to save the dollar?

Trade safe
  • #617,245
  • Aug 17, 2021 8:24am Aug 17, 2021 8:24am
Quoting Waveskierrob
{quote} Scalp has now become swing
Daddy, Brother, Lover, Little Boy
  • #617,246
  • Aug 17, 2021 8:25am Aug 17, 2021 8:25am
Quoting iqyu5an
https://youtu.be/WsMjBMxpUTc
not euphoria follower
  • #617,247
  • Aug 17, 2021 8:27am Aug 17, 2021 8:27am
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yes yes yes
  • #617,248
  • Aug 17, 2021 8:29am Aug 17, 2021 8:29am
Quoting Pat Chiko
{quote} GU End of Scalping. A very frustrating Unfilled Limit Order not in play.. Anyway, the H4 Scalping Set Up was pointing to SHORT trades only for the news. Last H4 ( before the news was momentum Candle) Ending scalp soon {image}
You reading the chart like open
book.

excellent.
  • #617,249
  • Aug 17, 2021 8:30am Aug 17, 2021 8:30am
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Air force
  • #617,250
  • Aug 17, 2021 8:31am Aug 17, 2021 8:31am
[quote=Pat Chiko;13670807] Anyway, the H4 Scalping Set Up was pointing to SHORT trades only for the news. Last H4 ( before the news was momentum Candle)

Please if I may ask, was it because of the tail (pullback) before close?
Thank you for your assistance
  • #617,251
  • Aug 17, 2021 8:32am Aug 17, 2021 8:32am
  •  turnfx
  • | Joined Dec 2014 | Status: Only money management is the key of | 334 Posts
Gu in buy zone but not sign to buy .....
  • #617,252
  • Aug 17, 2021 8:33am Aug 17, 2021 8:33am
I'm ready to BUY at these levels (.500/250).

Expecting a bounce soon.
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  • #617,253
  • Edited 9:01am Aug 17, 2021 8:37am | Edited 9:01am
Quoting gatenio
{quote} Hate to go against 4h structure and im not comfy below 1.377 I will let it run. Will wait for Powell. My last chance before huge lose :$ well done sellers.
Yea I was caught out, 2xR hit today so no more trades.

I was viewing the previous ranging as a W before rally but I guess was just a standard DT. Confused by such a big rally in DXY on the news.

Wednesday is redemption day !

We are in daily demand-- going to the LTF, H1 demand is at 1.3711-21-- should be a good buy. It can be one to hold I think

I have no reason to buy before then now
  • #617,254
  • Aug 17, 2021 8:43am Aug 17, 2021 8:43am
[quote=ayoayo;13670847]
Quoting Pat Chiko
Anyway, the H4 Scalping Set Up was pointing to SHORT trades only for the news. Last H4 ( before the news was momentum Candle) Please if I may ask, was it because of the tail (pullback) before close? Thank you for your assistance
H4 Momentum Candle preceded just before the news.

Try to focus on the price structure analysis , rather more than concentrating on the actual trading itself.

Momentum Candle is there to give you the clue ahead of the news.


PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #617,255
  • Aug 17, 2021 8:55am Aug 17, 2021 8:55am
Quoting Pat Chiko
{quote} GU End of Scalping. A very frustrating Unfilled Limit Order not in play.. Anyway, the H4 Scalping Set Up was pointing to SHORT trades only for the news. Last H4 ( before the news was momentum Candle) Ending scalp soon {image}
GU

Target arrived

It's all about consistency and discipline to wait for the very best set ups.
Those less-than-optimum entries are what jeopardize the overall trades you face for the rest of the day, trying to correct and managed the wronged entries.

Just be disciplined and patient to avoid taking them. ( less optimum set up)
Do not try to crank 1000 pips in a month, trading is not about that.
Trading is about being conservative and aiming for realistic goals in a CONSISTENT fashion.

Yes, as scalper I made only tiny profit compares to swing trades, but it's saves me from troubles.

Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #617,256
  • Aug 17, 2021 8:55am Aug 17, 2021 8:55am
Quoting ChiForex
GU stuck on daily below 1.3877, on weekly and monthly below 1.3890. Base above here is necessary to change bearish view. Below targets still 1.3790s main support, base below will speed weakness.
Speed weakness..
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #617,257
  • Aug 17, 2021 9:05am Aug 17, 2021 9:05am
Quoting mysterio
{quote} Yea I was caught out, 2xR hit today so no more trades. I was viewing the previous ranging as a W before rally but I guess was just a standard DT. Confused by such a big rally in DXY on the news. Wednesday is redemption day ! We are in daily demand-- going to the LTF, H1 demand is at 1.3711-21-- should be a good buy. It can be one to hold I think I have no reason to buy before then now
for me its a good buy above 1.374
below it and im out.
  • #617,258
  • Aug 17, 2021 9:07am Aug 17, 2021 9:07am
[quote=Pat Chiko;13670875]
Quoting ayoayo
{quote} H4 Momentum Candle preceded just before the news. Try to focus on the price structure analysis , rather more than concentrating on the actual trading itself. Momentum Candle is there to give you the clue ahead of the news. PAT


scalpers make more pips swing traders make more $$
MY OPINION NOT FINANCIAL ADVISE
  • #617,259
  • Aug 17, 2021 9:08am Aug 17, 2021 9:08am
Out @ 1.3757, took 23 pips loss
strong bearish trend, will stay on the sideline and watch
  • #617,260
  • Aug 17, 2021 9:09am Aug 17, 2021 9:09am
Quoting Pat Chiko
{quote} GU Target arrived It's all about consistency and discipline to wait for the very best set ups. Those less-than-optimum entries are what jeopardize the overall trades you face for the rest of the day, trying to correct and managed the wronged entries. Just be disciplined and patient to avoid taking them. ( less optimum set up) Do not try to crank 1000 pips in a month, trading is not about that. Trading is about being conservative and aiming for realistic goals in a CONSISTENT fashion. Yes, as scalper I made only tiny profit compares to swing...
GU

Back to drawing board with mapping.
Start with Daily.

Go into your next trade as if it's your first and you're looking for nothing but gains to grow your account.
If you treat every winner as a gain in your net capital, you tend to be more cautious and caring from the outset in my experience, and it helps to minimize the damage a loss will do to your psyche as well.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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