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Cable Update (GBPUSD)

  • #617,301
  • Aug 17, 2021 10:27am Aug 17, 2021 10:27am
You have some patience It would be easier to get rid of these arbitrary S/R lines and just trust your own judgement on TA + PA.

Take care!

Quoting Moty
{image}
  • #617,302
  • Aug 17, 2021 10:31am Aug 17, 2021 10:31am
Quoting mysterio
{quote} Yea good job, respect Honestly I had an off day my analysis and execution were poor in fact I didn't really wait for confirmation. I came up with a view based on technical levels on GU/DXY I just scalp based on price action so my next area to watch is 1.3711-35 for a turnaround Credit were credits due, none of us can get it right 100pc of the time just as long as our RR is good we can stomach some losses Also I don't get into fundamentals cause I haven't been able to consistently apply it to my trading I've only been able to PA scalp consistently....
Thank you, lots of respect from me as well. We can't be 100% correct all the time as you said.

Then 1.3720 it is? Agreed, I am sure we will see that level soon as well but i wouldn't add to my sells here since we are in the deep actually.

Wish you all the best!
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  • #617,303
  • Aug 17, 2021 10:33am Aug 17, 2021 10:33am
Quoting Nordling00
{quote} THE KING IS ON HIS FORM GU BEARISH. I seriously need to apply for a Junior Financial Analyst position {image}
Update: Yeah where was my crown?! Oh, it's here

Ok, so i am not taking profits yet. Thinking about waiting for at least a week or so. No sells will be added, just riding the old ones.

Attached Image (click to enlarge)
Click to Enlarge Name: GU SELL.png Size: 42 KB
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  • #617,304
  • Aug 17, 2021 10:36am Aug 17, 2021 10:36am
Quoting Nordling00
{quote} Update: Yeah where was my crown?! Oh, it's here Ok, so i am not taking profits yet. Thinking about waiting for at least a week or so. No sell will be added, just riding the old ones.
"Long live the King"
  • #617,305
  • Aug 17, 2021 10:37am Aug 17, 2021 10:37am
Quoting Jolita
{quote} You are fearless! {image}
Hi Jolita

Yes he is fearless when comes to beating up old folks.

But in Trading, he got this special ways on handling not so optimum trades.

Picture below describe better.

Attached Image
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #617,306
  • Aug 17, 2021 10:37am Aug 17, 2021 10:37am
Quoting Waveskierrob
{quote} "Long live the King"
Hahahaha thank you so much!
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  • #617,307
  • Aug 17, 2021 10:38am Aug 17, 2021 10:38am
Quoting Nordling00
{quote} Thank you, lots of respect from me as well. We can't be 100% correct all the time as you said. Then 1.3720 it is? Agreed, I am sure we will see that level soon as well but i wouldn't add to my sells here since we are in the deep actually. Wish you all the best!
Ya I can't remember my last comment but it wasn't meant to be a dig. I think you said something along the lines of the market was wrong for going up or something but the market can move for technical as well as fundie reasons. Likely it was just profit taking on Friday or something. I'm sure if you could combine technical and fundamentals more you'd make even more pips. Or maybe you do I'm not sure

I think it can support yeah because of this level.. whether it's a correction or full reversal I'm not sure I don't take a view

However I tried to pick a bottom today and got burned so I wait for better confirmation this time probably tomorrow now
Attached Images
  • #617,308
  • Aug 17, 2021 10:39am Aug 17, 2021 10:39am
Quoting Pat Chiko
{quote} Hi Jolita Yes he is fearless when comes to beating up old folks. But in Trading, he got this special ways on handling not so optimum trades. Picture below describe better. {image}
  • #617,309
  • Aug 17, 2021 10:42am Aug 17, 2021 10:42am
Quoting mysterio
{quote} Ya I can't remember my last comment but it wasn't meant to be a dig. I think you said something along the lines of the market was wrong for going up or something but the market can move for technical as well as fundie reasons. Likely it was just profit taking on Friday or something. I'm sure if you could combine technical and fundamentals more you'd make even more pips. Or maybe you do I'm not sure I think it can support yeah because of this level.. whether it's a correction or full reversal I'm not sure I don't take a view However I tried...
No problem mine wasn't a dig either. I get you.

Well technicals may be the reason yes, i am not very good with the technicals i gotta admit. Combining both may be a better choice
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  • #617,310
  • Aug 17, 2021 10:43am Aug 17, 2021 10:43am
Quoting Pat Chiko
{quote} 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
That's a good strategy.
Learn from your mistakes and march on.
  • #617,311
  • Aug 17, 2021 11:01am Aug 17, 2021 11:01am
Quoting Pat Chiko
{quote} 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. {image}

GU

Pull back / continuation projection.

Attached Image (click to enlarge)
Click to Enlarge Name: gu 118.jpg Size: 281 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #617,312
  • Edited 11:17am Aug 17, 2021 11:06am | Edited 11:17am
... just updating charts....finally a > 30day adr move ! Dly below shows where the current dly lo is - that prev dly sw lo zone that wasn't respected as sbr on way back up from 3572. Hollow dark blue zone leading down to 3731 (just shy of 61.8% 3572-3983 which is circa 3727,) on dly below.
Attached Image (click to enlarge)
Click to Enlarge Name: acd4086f13e59332aa959ab45719717f.png Size: 68 KB
Trader with an Edge.
  • #617,313
  • Aug 17, 2021 11:11am Aug 17, 2021 11:11am
Quoting Pat Chiko
{quote} Hi Jolita Yes he is fearless when comes to beating up old folks. But in Trading, he got this special ways on handling not so optimum trades. Picture below describe better. {image}
Very funny!

Pat, which one is you (if any) in previous picture? I am curious..
  • #617,314
  • Aug 17, 2021 11:12am Aug 17, 2021 11:12am
Quoting Moty
{image}
so sad to see this,you going in loss,,but i am not in loss and not in profit, because i thinking buy about GU but it go sell,so i not take any position,,now waiting for buy ,,,and wait for "Pat" post.
  • #617,315
  • Aug 17, 2021 11:13am Aug 17, 2021 11:13am
Quoting Bigbul
{quote} so sad to see this,you going in loss,,but i am not in loss and not in profit, because i thinking buy about GU but it go sell,so i not take any position,,now waiting for buy ,,,and wait for "Pat" post.
Dude why did you buy it? We didn't talk that way bro
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  • #617,316
  • Aug 17, 2021 11:16am Aug 17, 2021 11:16am
Quoting Nordling00
{quote} {quote} Hey Mysterio, i hope you are doing well. I don't want to say "i told you" since i respect & understand your point of view well. I just want to say that time proved what i have said was pretty accurate. What do you think about GU from now on?
i miss the big chance of sell,last my sell trade close in profit and wait for go up and sell from high,,but............... you well know when we miss any thing like this chance as you see on your chart.
  • #617,317
  • Aug 17, 2021 11:18am Aug 17, 2021 11:18am
Quoting Bigbul
{quote} i miss the big chance of sell,last my sell trade close in profit and wait for go up and sell from high,,but............... you well know when we miss any thing like this chance as you see on your chart.
Should have just kept your first sell open bro, but it's okay there are always new opportunities. I suggest buying USDCHF and selling XAUUSD since they are still in a reasonable price.
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  • #617,318
  • Aug 17, 2021 11:21am Aug 17, 2021 11:21am
Quoting mysterio
{quote} Ya I can't remember my last comment but it wasn't meant to be a dig. I think you said something along the lines of the market was wrong for going up or something but the market can move for technical as well as fundie reasons. Likely it was just profit taking on Friday or something. I'm sure if you could combine technical and fundamentals more you'd make even more pips. Or maybe you do I'm not sure I think it can support yeah because of this level.. whether it's a correction or full reversal I'm not sure I don't take a view However I tried...
mysterio, similar view... what trigger do you use when the market gets into your zone?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp 08.17.30M.png Size: 80 KB
Click to Enlarge Name: gbp 08.17.daily.png Size: 73 KB
Always trade your own plan...I don't provide trading signals.
  • #617,319
  • Aug 17, 2021 11:22am Aug 17, 2021 11:22am
Quoting Bigbul
{quote} so sad to see this,you going in loss,,but i am not in loss and not in profit, because i thinking buy about GU but it go sell,so i not take any position,,now waiting for buy ,,,and wait for "Pat" post.
Sorry couldn't resist
Attached Image
  • #617,320
  • Aug 17, 2021 11:26am Aug 17, 2021 11:26am
Quoting Nordling00
{quote} Dude why did you buy it? We didn't talk that way bro
now this time i no buy no sell,,,just waiting and again sell
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