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Cable Update (GBPUSD)

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  • Post #617,281
  • Quote
  • Aug 17, 2021 10:33am Aug 17, 2021 10:33am
  •  donfriday
  • Joined Jan 2009 | Status: Member | 7,602 Posts
[quote=Almo2312;13670909]
Quoting donfriday
Disliked
{quote} how come?.. pips=dollars..
Ignored
pips=dollar depend on contract size.


most swing traders that i know may take 1-2 trades a year and its heavy
I NEVER LOSE/=I EITHER WIN OR LEARN
 
 
  • Post #617,282
  • Quote
  • Aug 17, 2021 10:34am Aug 17, 2021 10:34am
  •  Amin1422
  • Joined Dec 2020 | Status: يبيع | 161 Posts
maybe dxy will finally pullback, it has reached this area on 1hr that looks like a turning point...
but then there is the outcome of powell"s speech too so it could pump again soon
Attached Image (click to enlarge)
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  • Post #617,283
  • Quote
  • Aug 17, 2021 10:38am Aug 17, 2021 10:38am
  •  Almo2312
  • Joined Jul 2015 | Status: Guts&Glory | 2,751 Posts
[quote=donfriday;13670958]
Quoting Almo2312
Disliked
{quote} pips=dollar depend on contract size. most swing traders that i know may take 1-2 trades a year and its heavy
Ignored
yes but scalpers also can take heavy but several times a day..

i really think its same even more credits to scalpers .

i am also scalper in good day i can catch about 50/100 pips in several trades about 6 hrs a day..you also able to put any heavy lot you want according your MM

anyway its just my opinion

take care
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
 
2
  • Post #617,284
  • Quote
  • Aug 17, 2021 10:40am Aug 17, 2021 10:40am
  •  Almo2312
  • Joined Jul 2015 | Status: Guts&Glory | 2,751 Posts
Quoting gatenio
Disliked
{quote} still in the game or its gone?
Ignored
פוסט שעבר נתת לו אחלה טיפים

מוטי!!!תפסיק להאכיל את הברוקר שלך

בהצלחה
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
 
1
  • Post #617,285
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  • Aug 17, 2021 10:40am Aug 17, 2021 10:40am
  •  Jolita
  • Joined Jan 2012 | Status: Opalescent | 3,304 Posts | Online Now
Quoting gatenio
Disliked
{quote} Mmmm.. so its just like that: 1. daily, waiting for ab=cd potential pattern, after HH on daily, retrace 50%~61.8% 2. 1h wolf wave pattern 3. Im stupid?
Ignored
Not judging or querying at all, just saying. I am bying dips, as we suppose to be at 1.4 by now. Long overdue..

Dont you think this is all driven by Afganistan / Taliban / troops / war / Biden has even returned back from vacation? This trend could continue for ever.
 
2
  • Post #617,286
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  • Aug 17, 2021 10:43am Aug 17, 2021 10:43am
  •  Waveskierrob
  • Joined May 2020 | Status: Best trader ever to have lived 4.0 | 5,391 Posts
SHORT @ 1.3745 no tp no sl
Soon To Be Temporarily Suspended Again
 
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  • Post #617,287
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  • Aug 17, 2021 10:45am Aug 17, 2021 10:45am
  •  here2there
  • Joined Dec 2019 | Status: Moving on... | 5,368 Posts
Quoting Pat Chiko
Disliked
{quote} Support & Resistance
Ignored
So you plot support and resistance on a higher time frame, such as the Daily. And then you enter on a pullback on the 30 min? Or do you just enter a trade as it breaks support or resistance?
You don't know because you don't ask.
 
 
  • Post #617,288
  • Quote
  • Aug 17, 2021 10:46am Aug 17, 2021 10:46am
  •  Otiken
  • | Joined May 2008 | Status: Member | 151 Posts
Took the pain of 0 1% long position. Loss. The road is down. For how long, we will see.
The bottom is taken..
Retrace, it must. Time will tell......
USD is very strong and GBP is very weak.
Will be on the side line and wait for correction
Trade safe.......
 
 
  • Post #617,289
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  • Aug 17, 2021 10:49am Aug 17, 2021 10:49am
  •  Moty
  • Joined Dec 2017 | Status: Member | 22,249 Posts
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  • Post #617,290
  • Quote
  • Aug 17, 2021 10:50am Aug 17, 2021 10:50am
  •  AlfieSolomon
  • Joined May 2021 | Status: Member | 629 Posts | Online Now
Great liu session today loved it
 
3
  • Post #617,291
  • Quote
  • Aug 17, 2021 10:57am Aug 17, 2021 10:57am
  •  Pat Chiko
  • Joined Dec 2008 | Status: Newbie | 12,059 Posts
Quoting here2there
Disliked
{quote} So you plot support and resistance on a higher time frame, such as the Daily. And then you enter on a pullback on the 30 min? Or do you just enter a trade as it breaks support or resistance?
Ignored
YES

S&R on Daily/H4

Entry on H1/M30

Trade always on pullback.
The last trade I gate crash it because price didn't filled up my Limit Order.
I was so frustrated, and have to chase the price during the news,

I seldom trade break out. I wait for pull back confirmation/rejection
I come from the future.
1
6
  • Post #617,292
  • Quote
  • Aug 17, 2021 10:58am Aug 17, 2021 10:58am
  •  BeeTogether
  • Joined Oct 2020 | Status: Member | 6,594 Posts | Online Now
Looks like we going to 13660 area next
 
1
  • Post #617,293
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  • Aug 17, 2021 11:00am Aug 17, 2021 11:00am
  •  Whale
  • Joined Jun 2013 | Status: Underwater | 8,977 Posts | Online Now
Quoting Jolita
Disliked
{quote} Not judging or querying at all, just saying. I am bying dips, as we suppose to be at 1.4 by now. Long overdue.. Dont you think this is all driven by Afganistan / Taliban / troops / war / Biden has even returned back from vacation? This trend could continue for ever.
Ignored
1.4 by now? Why?
im not so good with geo-politics affect on economy

im also stopped out.
Keep it simple, stupid.
 
1
  • Post #617,294
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  • Aug 17, 2021 11:02am Aug 17, 2021 11:02am
  •  genadi
  • Joined Nov 2020 | Status: Member | 1,718 Posts
Quoting Moty
Disliked
{image}
Ignored
oh man, you still hold buys?

 
 
  • Post #617,295
  • Quote
  • Aug 17, 2021 11:03am Aug 17, 2021 11:03am
  •  Nordling
  • Joined Apr 2021 | Status: Complicated. | 3,086 Posts
Quoting Techanalyst
Disliked
Closed my short positions on GBPUSD manually in profit. Opened a buy on USDJPY. Trade safe. {image} {image} {image}
Ignored
Very nice I am thinking about riding my sells a bit more. Maybe for like a week.
TRACK RECORD: https://l24.im/AFm9qY
1
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  • Post #617,296
  • Quote
  • Aug 17, 2021 11:04am Aug 17, 2021 11:04am
  •  Georginson
  • Joined Aug 2018 | Status: Veteran | 3,442 Posts | Online Now
Quoting AlfieSolomon
Disliked
Great liu session today loved it
Ignored
The bulls were warned actually... Price has been ranging for too long and this is a break out to the down side... Some mini bounce of 50 - 80 pips cannot be ruled out before further fall to 1.3600.
Swing and Intraday
 
4
  • Post #617,297
  • Quote
  • Aug 17, 2021 11:06am Aug 17, 2021 11:06am
  •  fxmasterdxb
  • Joined May 2012 | Status: Senior Member | 2,503 Posts | Online Now
I still believe 1.3725 should be the maximum for today, we might see a slight pull back towards 1.3760
 
 
  • Post #617,298
  • Quote
  • Aug 17, 2021 11:06am Aug 17, 2021 11:06am
  •  Mr.Burger
  • Joined Jul 2021 | Status: 2022 target achieved! | 1,036 Posts
Quoting Mr.Burger
Disliked
{quote} yeah.. still possible drop down make a bullish crab pattern, this is so scary
Ignored
re-entry long now with my crab @ 3736 sl 3700 tp open
Daddy, Brother, Lover, Little Boy
 
 
  • Post #617,299
  • Quote
  • Aug 17, 2021 11:07am Aug 17, 2021 11:07am
  •  fxmasterdxb
  • Joined May 2012 | Status: Senior Member | 2,503 Posts | Online Now
Quoting Georginson
Disliked
{quote} The bulls were warned actually... Price has been ranging for too long and this is a break out to the down side... Some mini bounce of 50 - 80 pips cannot be ruled out before further fall to 1.3600.
Ignored
Actually if the week closes below 1.3750, i will be targeting 1.3460 for the weeks to come
 
3
  • Post #617,300
  • Quote
  • Aug 17, 2021 11:11am Aug 17, 2021 11:11am
  •  Jolita
  • Joined Jan 2012 | Status: Opalescent | 3,304 Posts | Online Now
Quoting Waveskierrob
Disliked
SHORT @ 1.3745 no tp no sl
Ignored
You are fearless!
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