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Cable Update (GBPUSD)

  • #622,021
  • Sep 7, 2021 8:29pm Sep 7, 2021 8:29pm
buy here at 3783.

stop NY low
Intraday only.
  • #622,022
  • Sep 7, 2021 8:52pm Sep 7, 2021 8:52pm
Attached Image
  • #622,023
  • Sep 7, 2021 10:51pm Sep 7, 2021 10:51pm
Quoting pipibrasci
{quote} I think you are missing out something or maybe i'm wrong.. on the wave count! (A) should be where (B) is, (D) should be the last LH and wave (E) is whats happening???? I guess your SL should be right above your entry right now if that's a Long trade..
Attached Image (click to enlarge)
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  1. as to Elliott Wave, I don't really focus on it, I have my own way to wave count ( without break the rules theory it self ), I only see the patterns that are on my chart, if it makes sense to me and has a low risk then I will enter the market
  2. changed SL to ( + ) when the price make corrections more than 38.2% ( T1 on my chart ), it was useful for me to avoid entry and exit continuously due to dynamic movements ( retest one of them ) and even if the price reverses direction and hits my SL ( floating profit to loss ) , that's okay with me, I've been trained for that one, that's why I always be objective with what I do
  3. anyway, trading is flexible, I'm a day trader, can be a Long trade/swing trader, or even a scalper, that's how I react to the market behavior

sorry of course description's too long explaining not good of me, maybe this is not useful for you but it will be useful for others

--- have a great day my friends

Daddy, Brother, Lover, Little Boy
  • #622,024
  • Sep 7, 2021 11:23pm Sep 7, 2021 11:23pm
Quoting KiwiTrada
dix held by 92 217 resistance, if? she gets through she should fly, will know just after london open!!
22 hr later 92 217 gave way, she pushed into next resisttance 92 531 and been stuck there for last 15hrs yawn 92 783 next in line?
If you are new to Forex? Say Goodbye to your account!!
  • #622,025
  • Sep 7, 2021 11:37pm Sep 7, 2021 11:37pm
Quoting Jolita
{quote} Wow! You passed? Congrats! You should accept the offer. So many people trying but fail. There are also traders offering passing the challenge for the money of course. My thinking is if you keep trades to a minimum its possible to allow £500 loss on £10k account. This is my problem. I don't like such minimum loosing capital, I like to be able trade maximum capital. I am sure I will fail this section. For you, its another story, you pay a fee (not much) if you make profit, withdraw, 70% profit is your, you will have to pay Capital Gain tax...
I saw that you are familiar with rules on FTMO challenge. I think you have to take a shot. I wish you luck.
I will not try because I have one question on my mind: why good trader will use their money and their rules instead of trading by its own rules? It is freedom. Your time, your money, your rules by your way. If he is really good in trading he will succeed. Step by step. There is a examples- Wavegarrick. He is succesfull trader. He traded maybe about a year with a 0,02 lots. Then he increased to 0,05. Maybe another year. I admire him. This is a patience. A fortune has to be build step by step. Fast way failed.
I spent more than 5 years in front of screen fail after fail before some trades become profitable.
  • #622,026
  • Sep 7, 2021 11:51pm Sep 7, 2021 11:51pm
I have two lots on at short 1.3818 and 1.3781, When this line below breaks going to add to short.
Attached Image (click to enlarge)
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Don't trade what you think. Just what you see!!!
  • #622,027
  • Edited 2:12am Sep 8, 2021 12:13am | Edited 2:12am
Quoting bigiivan
{quote} I saw that you are familiar with rules on FTMO challenge. I think you have to take a shot. I wish you luck. I will not try because I have one question on my mind: why good trader will use their money and their rules instead of trading by its own rules? It is freedom. Your time, your money, your rules by your way. If he is really good in trading he will succeed. Step by step. There is a examples- Wavegarrick. He is succesfull trader. He traded maybe about a year with a 0,02 lots. Then he increased to 0,05. Maybe another year. I admire him....
I agree with you. Sometimes i use over lot. But i evaluate my money management.
  • #622,028
  • Sep 8, 2021 12:18am Sep 8, 2021 12:18am
Possible yesterdays low will be breached and I look for a buy in the 1.3753-63 range
  • #622,029
  • Sep 8, 2021 12:19am Sep 8, 2021 12:19am
Quoting Theoak
I have two lots on at short 1.3818 and 1.3781, When this line below breaks going to add to short. {image}
4 Shorts on now
1.3818
1.3781
1.3774
1.3773
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2021-09-08 061850.png Size: 47 KB
Don't trade what you think. Just what you see!!!
  • #622,030
  • Sep 8, 2021 12:29am Sep 8, 2021 12:29am
Attached Image (click to enlarge)
Click to Enlarge Name: xxx.png Size: 91 KB
  • #622,031
  • Sep 8, 2021 12:31am Sep 8, 2021 12:31am
Quoting bigiivan
{quote} I saw that you are familiar with rules on FTMO challenge. I think you have to take a shot. I wish you luck. I will not try because I have one question on my mind: why good trader will use their money and their rules instead of trading by its own rules? It is freedom. Your time, your money, your rules by your way. If he is really good in trading he will succeed. Step by step. There is a examples- Wavegarrick. He is succesfull trader. He traded maybe about a year with a 0,02 lots. Then he increased to 0,05. Maybe another year. I admire him....
I agree 100%. You fail, fail again, fail again, If you have not given up and still in the game, you might win for a month or two, then fail again. then you do the same thing over and over again, finally when you understand trading is not about money management or a prefect strategy yet it's mainly to do with the self awareness, self control and our own emotional state, you'll be sometimes too late, coz you may have used all your capitol, savings for trying forex.

Then comes the prop firms, for me they are the saviors for me. when I had lost all my money. I regain myself with help of prop firms. so, any one who wants to use FTMO, MFF, Funding talent. Please do. they offer very competitive profit split.
Fools Rushing
  • #622,032
  • Sep 8, 2021 12:34am Sep 8, 2021 12:34am
Quoting Theoak
{quote} 4 Shorts on now 1.3818 1.3781 1.3774 1.3773 {image}
1. base on DXI i agree with your short, even you shorting the low this is so dangerous.
DXI pushing to 92.66-92.72, how it will affect GU, nobody know.


2. GU 3770 is monthly strong support, base below will be slightly bearish, and maybe @Georginson prediction will hit.

3. Friday GU and DXY show the exact pattern, AB=CD 1.27, GU now on 1st target, DXI still on the way. the gap between them will help GU bears?

watch 3770-->3747-->3712

i prefer to stick with bullish bias, 3810 is almost banker spiky.. after will see where the wind go...
  • #622,033
  • Sep 8, 2021 12:39am Sep 8, 2021 12:39am
Quoting donfriday
Sell Scalp (s)@ 1.37849 Stop: 1.38099 Limit: 1.37599


closed manually


pending buy
Order Buy (s)@ 1.3760
Stop: 25
Limit: 25
MY OPINION NOT FINANCIAL ADVISE
  • #622,034
  • Sep 8, 2021 12:44am Sep 8, 2021 12:44am
Quoting donfriday
{quote} closed manually pending buy Order Buy (s)@ 1.3760 Stop: 25 Limit: 50

second order

Pending sell
Order Sell @ 1.3797
Stop: 25
Limit: 50
MY OPINION NOT FINANCIAL ADVISE
  • #622,035
  • Sep 8, 2021 12:45am Sep 8, 2021 12:45am
Quoting gatenio
{quote} 1. base on DXI i agree with your short, even you shorting the low this is so dangerous. DXI pushing to 92.66-92.72, how it will affect GU, nobody know. 2. GU 3770 is monthly strong support, base below will be slightly bearish, and maybe @Georginson prediction will hit. 3. Friday GU and DXY show the exact pattern, AB=CD 1.27, GU now on 1st target, DXI still on the way. the gap between them will help GU bears? watch 3770-->3747-->3712 i prefer to stick with bullish bias, 3810 is almost banker spiky.. after will see where the wind go...
I know you see me buy or selling on the break, but my analysis is not based on this. There are other factors. I'm in 4 winning positions . There is no pressure on me and hopefully we get a nice little runner. This could really move south in my view!
Don't trade what you think. Just what you see!!!
  • #622,036
  • Sep 8, 2021 12:50am Sep 8, 2021 12:50am
Quoting Theoak
{quote} I know you see me buy or selling on the break, but my analysis is not based on this. There are other factors. I'm in 4 winning positions . There is no pressure on me and hopefully we get a nice little runner. This could really move south in my view!
South or north, it 50/50 in my view, larger time frames tell me north. But price will do what it should.

watch the FVG above 3 of your shorts
  • #622,037
  • Sep 8, 2021 12:51am Sep 8, 2021 12:51am
I shorted gbpusd
  • #622,038
  • Sep 8, 2021 12:51am Sep 8, 2021 12:51am
3750 for bounce today if ny low breaks
Intraday only.
  • #622,039
  • Sep 8, 2021 12:56am Sep 8, 2021 12:56am
Quoting KiwiTrada
{quote} LMFAO hrly attached that bo of channel (south) has printed perfect little equilateral triangle, not uncommon, a triangle bo doesnt really mean direction, better when market takes out the low of the triangle 1 3767ish, gives direction, but entry is personnel choice, aggressive is retest of ltl of channel safer is take that low out {image}
1 3767 under threat :-)
If you are new to Forex? Say Goodbye to your account!!
  • #622,040
  • Sep 8, 2021 12:58am Sep 8, 2021 12:58am
Quoting gatenio
{quote} South or north, it 50/50 in my view, larger time frames tell me north. But price will do what it should. watch the FVG above 3 of your shorts
I'm south defo, but if it retraces I will cash in and look for another short!!! Please take no offense but I see it different.
Don't trade what you think. Just what you see!!!
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