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Cable Update (GBPUSD)

  • #619,061
  • Aug 25, 2021 12:23am Aug 25, 2021 12:23am
Quoting Pat Chiko
{quote} GU this trade is not looking good now. May have to take a loss or cut early for Stop loss. May be it will start to pick up at London Open. Got to go a while, leaving the trade as it is. Trade well and see at London Open. Best Regards PAT {image}
I am at sell from yesterday. I think your are going to be right. but I will keep open the trade to hit sl. Because of upcoming news market become slow
MA provides the market's current direction and strength.
  • #619,062
  • Aug 25, 2021 12:26am Aug 25, 2021 12:26am
Quoting pipfarm
{quote} Still waiting for short entry, Last H1 higher low broken to the downside price now in sideways triangular range ready for breakout to the downside
agree, im short since yesterday with 2 trades, 3716 and 3725

after LL yesterday morning on h1, it short only for me, if YH will break it a bit problem for sellers, i will be out of course.
  • #619,063
  • Aug 25, 2021 12:28am Aug 25, 2021 12:28am
Quoting babayaga
bullish.., bearish myfxbook community sentiment {image} happy trading
Market is choppy, Market is waiting for big move either directions is possible. we are just blind trader who trade technical.
MA provides the market's current direction and strength.
  • #619,064
  • Aug 25, 2021 12:31am Aug 25, 2021 12:31am
Quoting gatenio
{quote} agree, im short since yesterday with 2 trades, 3716 and 3725 after LL yesterday morning on h1, it short only for me, if YH will break it a bit problem for sellers, i will be out of course.
i let my sell gone when the price hit 1.36000 last time and make a quick draw at monday to above 1.37200 and sleep in there.
the pattern on daily also make a bull pattern for a while , yes we area in biggest Bear TF channel , but still , if the correction 200pip or above ill not let it go XD
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #619,065
  • Aug 25, 2021 12:32am Aug 25, 2021 12:32am
Quoting gatenio
{quote} agree, im short since yesterday with 2 trades, 3716 and 3725 after LL yesterday morning on h1, it short only for me, if YH will break it a bit problem for sellers, i will be out of course.

If the current H1 high breaks and the H4 prior high is still intact then all it means is that the H4 corrective upswing is extending a bit and 4H downtrend is still intact, i have not taken an entry short as i am waiting for the break out to confirm.

If it goes up so be it , it is not my plan to trade the long side in what is currently a corrective swing and especially since the last higher low broke to the downside.
Follow The Markets Structure - Patience and Discipline
  • #619,066
  • Aug 25, 2021 12:35am Aug 25, 2021 12:35am
Been building TINY longs. my chart below is after the fact to most on here. Only a select few knew about my first entry 1.361XX. Of cause I would not post this if it wasn't making sense. I would have jejely closed it and let my old shorts run if things continued south. It's really a bad habit of trying to catch all waves.

However, the longs may be justified. Daily closed above 1.37146 and in this case, I consider minor TF below this handle as DIPS.
That being said, once we break out of this range right above 1.37146, it's a lee wave till 1.40XX IMO.

Again, though my chart maybe after the fact, new trades can be taken anything below and above 1.37146 with a good SL (for those that use it)

Let's see, should be fun to see fireworks soon.
Take Care
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.rH1.png Size: 34 KB
  • #619,067
  • Aug 25, 2021 12:39am Aug 25, 2021 12:39am
Quoting JayBag
Been building TINY longs. my chart below is after the fact to most on here. Only a select few knew about my first entry 1.361XX. Of cause I would not post this if it wasn't making sense. I would have jejely closed it and let my old shorts run if things continued south. It's really a bad habit of trying to catch all waves. However, the longs may be justified. Daily closed above 1.37146 and in this case, I consider minor TF below this handle as DIPS. That being said, once we break out of this range right above 1.37146, it's a lee wave till 1.40XX...
Managing those trades ( for stop ) is difficult.
Intraday only.
  • #619,068
  • Aug 25, 2021 12:39am Aug 25, 2021 12:39am
for today i only catch bullish pattern
so i am long again
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 43 KB
  • #619,069
  • Aug 25, 2021 12:42am Aug 25, 2021 12:42am
Quoting JayBag
Been building TINY longs. my chart below is after the fact to most on here. Only a select few knew about my first entry 1.361XX. Of cause I would not post this if it wasn't making sense. I would have jejely closed it and let my old shorts run if things continued south. It's really a bad habit of trying to catch all waves. However, the longs may be justified. Daily closed above 1.37146 and in this case, I consider minor TF below this handle as DIPS. That being said, once we break out of this range right above 1.37146, it's a lee wave till 1.40XX...
that Aurora Stacking pattern XD
good one , ive my buy @1.36100 buy ive already close it when 1.37200 late there , and build new one here , because im not confident enough to hold since price playing around there, just added when see a good pattern and reenter and so do so
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #619,070
  • Aug 25, 2021 12:44am Aug 25, 2021 12:44am
Quoting navk
{quote} Managing those trades ( for stop ) is difficult.
maybe he use Close all or auto set SL for all position
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #619,071
  • Aug 25, 2021 12:45am Aug 25, 2021 12:45am
Quoting navk
{quote} Managing those trades ( for stop ) is difficult.
I have to agree even though I do not use SL.
This is why trades are TINY lot. Even smaller in this case.

This is mainly for swaps

Take care
  • #619,072
  • Aug 25, 2021 12:47am Aug 25, 2021 12:47am
Quoting JayBag
{quote} I have to agree even though I do not use SL. This is why trades are TINY lot. Even smaller in this case. This is mainly for swaps Take care
i think there is a Robot program for that auto set SL/TP or close all with one button
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #619,073
  • Aug 25, 2021 12:50am Aug 25, 2021 12:50am
Quoting kris89
{quote} i think there is a Robot program for that auto set SL/TP or close all with one button
yes, there is EA to set stop loss and TP for basket of trades
Attached File(s)
File Type: ex4 me_CloseAll v3d.ex4   23 KB | 417 downloads
File Type: mq4 me_CloseAll v3d.mq4   34 KB | 486 downloads
Intraday only.
  • #619,074
  • Aug 25, 2021 12:51am Aug 25, 2021 12:51am
Quoting kris89
{quote} that Aurora Stacking pattern XD good one , ive my buy @1.36100 buy ive already close it when 1.37200 late there , and build new one here , because im not confident enough to hold since price playing around there, just added when see a good pattern and reenter and so do so
I am so addicted to stacking. I just think it's safer for me. Instead of just using 1 full LOT in one spot, I rather split that 1LOT in loads of tiny pieces and average up. By default, I had no idea if 1.361 would hold. Knowing this beforehand would have given me a chance to buy lower.

It makes sense to build from these levels too. 1.37146 is a major level and could push price hard. Not forgetting moth end flow.
Let's see how it all goes.
  • #619,075
  • Aug 25, 2021 12:52am Aug 25, 2021 12:52am
Quoting kris89
{quote} i think there is a Robot program for that auto set SL/TP or close all with one button
Oh yes, MOTY shared a copy some time ago.
I do have that on-screen since I am not a fan of SL
  • #619,076
  • Aug 25, 2021 12:53am Aug 25, 2021 12:53am
G/M, rangy old conditions now into early London on 1hr still within yesterday's 54pip daily candle. Some strong buyiing from the prev 1hr sw lo x 2 zone = prev supp = pot supp (dark blue.)

1hr below.
Attached Image (click to enlarge)
Click to Enlarge Name: ff6c790051b408c987329fd0ce7d4595.png Size: 77 KB
Trader with an Edge.
  • #619,077
  • Aug 25, 2021 12:55am Aug 25, 2021 12:55am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 35 KB
Attached Image (click to enlarge)
Click to Enlarge Name: dx.png Size: 37 KB
yes yes yes
  • #619,078
  • Aug 25, 2021 12:55am Aug 25, 2021 12:55am
Quoting JayBag
Been building TINY longs. my chart below is after the fact to most on here. Only a select few knew about my first entry 1.361XX. Of cause I would not post this if it wasn't making sense. I would have jejely closed it and let my old shorts run if things continued south. It's really a bad habit of trying to catch all waves. However, the longs may be justified. Daily closed above 1.37146 and in this case, I consider minor TF below this handle as DIPS. That being said, once we break out of this range right above 1.37146, it's a lee wave till 1.40XX...
Little bit unique thinking way to trade the market, how you use stop and how you close profit or loss. I am interested to know.
MA provides the market's current direction and strength.
  • #619,079
  • Aug 25, 2021 12:56am Aug 25, 2021 12:56am
Attached Image (click to enlarge)
Click to Enlarge Name: dx.png Size: 40 KB
yes yes yes
  • #619,080
  • Aug 25, 2021 12:59am Aug 25, 2021 12:59am
Quoting JayBag
{quote} I have to agree even though I do not use SL. This is why trades are TINY lot. Even smaller in this case. This is mainly for swaps Take care
do you have positive swap for long?
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