Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#627,541
Oct 1, 2021 6:16am Oct 1, 2021 6:16am

gabolan3
| Commercial User | Joined Nov 2017 | 193 Posts

Price rreached it's threshold @ 1.3501 and set for selling towards day target as the Americans open.

#627,542
Oct 1, 2021 6:21am Oct 1, 2021 6:21am

donfriday
Joined Jan 2009 | Status: bye FF | 8,806 Posts

Quoting Pat Chiko

Disliked

{quote} It js buying at Support zone with multiple rejection It is just some small scalping trades. {image}About to closes it now as it reaches Daily Supply zone and anything can halpen during weekends. P/S Sorry for late reply as im on camping trip. Be back next week. Not trading GU ATM. Coz it ranges. {image}{image} Have a nice weekend and take care PAT

Ignored

holding mine for a while been waiting for move up

MY OPINION NOT FINANCIAL ADVISE

#627,543
Oct 1, 2021 6:22am Oct 1, 2021 6:22am

fxmasterdxb
Joined May 2012 | Status: Senior Member | 3,059 Posts

Quoting fxmasterdxb

Disliked

{quote} In with bulls, this time small lots, dont want to risk to lose my yesterday profits {image}

Ignored

Off loaded here, I believe price can reach up to 1.3560

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#627,544
Oct 1, 2021 6:29am Oct 1, 2021 6:29am

Mr.Burger
Joined Jul 2021 | Status: 2022 target achieved! | 1,036 Posts

Quoting Mr.Burger

Disliked

{quote} it was unreachable today, I canceled my TP and added some layers, possible exit when the break-even point {image}

Ignored

2 layers defeated down there, not easy for this, now sl (+) 6 layers left

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Daddy, Brother, Lover, Little Boy

#627,545
Oct 1, 2021 6:29am Oct 1, 2021 6:29am

Jolita
Joined Jan 2012 | Status: Always Decisive | 4,425 Posts

Quoting navk

Disliked

{quote} Daily loss violation ... risk management as you know is very important. In a personal account, I have allowed 20 to 25 % floating loss then made profit. It is those days. Now after prop trading, I learnt risk management a lot. A guideline... in a day, see to it that it never exceeds 0.5 % for each standard lot. For example, if you want to trade gbpusd short trade, for 100k account, your floating loss should never exceed 500 dollars for 1 standard lot. Assuming a daily ADR 90 pips for gu, if you trade short after 40 pips move, you can expect...

Ignored

Thanks Navk, I find it really hard to trade an account with no loss ( I tend to be in loss which turns profitable).
Their £10k account allows £500 position loss and £1k overall loss in a month of trading. This is not even closed loss, but a drawdown loss on open position. Not problem for me to reach profit or even double it, but I can't always have lucky trades without bigger risk. My risk management proves I need to try harder.

#627,546
Oct 1, 2021 6:29am Oct 1, 2021 6:29am

navk
Joined Oct 2010 | Status: Trader | 21,478 Posts

Quoting Maximumheigh

Disliked

{quote} Yes Friend! From 1.352x, we can get a pullback to 1.347x and upswing to 1.355x. IMO

Ignored

WHEN the daily candle is bullish, it is not advisable to take short trade. You are caught with short trade.

If your trade is long, after your target gets hit, better to take profit and call it a day.

Yesterday was exception. some 50 pips drop after bullish move.

Intraday only.

#627,547
Oct 1, 2021 6:31am Oct 1, 2021 6:31am

navk
Joined Oct 2010 | Status: Trader | 21,478 Posts

Quoting Jolita

Disliked

{quote} Thanks Navk, I find it really hard to trade an account with no loss ( I tend to be in loss which turns profitable). Their £10k account allows £500 position loss and £1k overall loss in a month of trading. This is not even closed loss, but a drawdown loss on open position. Not problem for me to reach profit or even double it, but I can't always have lucky trades without bigger risk. My risk management proves I need to try harder.

Ignored

you must buy 50k or 100 k for your type of trading which will give more loss limits.

Intraday only.

#627,548
Oct 1, 2021 6:36am Oct 1, 2021 6:36am

miedpreneur
| Joined Oct 2020 | Status: Trader | 537 Posts

hmm tricky.. looks like wanna go higher.. now im looking for buy position again..
waiting for retrace to add long again..maybe 1.348 area can work..

lets the game of waiting begin..
no trade atm..

Trade what you see, not what you think.. react and stay sharp..

#627,549
Oct 1, 2021 6:36am Oct 1, 2021 6:36am

Headland
Joined Apr 2020 | Status: Trader | 8,805 Posts

...price @ 128% of 30day adr at the current dly hi now. Wed's hi in view for the bulls now. It's been a good week for > 30 day adr days. 30day adr now 85!

EDIT: 38.2% 3751-3411 at current dly hi.

4hr below.

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Trader with an Edge.

#627,550
Oct 1, 2021 6:45am Oct 1, 2021 6:45am

Georginson
Joined Aug 2018 | Status: Research Analyst | 4,290 Posts

Good bullish move... I have added more sell at 1.3540, targets are 1.3370 - 1.3200 - 1.2950.

Data + Stat + Risk/Emotions Management

#627,551
Oct 1, 2021 6:46am Oct 1, 2021 6:46am

Headland
Joined Apr 2020 | Status: Trader | 8,805 Posts

Quoting Georginson

Disliked

Good bullish move... I have added more sell at 1.3540, targets are 1.3370 - 1.3200 - 1.2950.

Ignored

... Hi G, well done on your sticking to your guns re your short side bias!

Trader with an Edge.

#627,552
Oct 1, 2021 6:50am Oct 1, 2021 6:50am

Georginson
Joined Aug 2018 | Status: Research Analyst | 4,290 Posts

Quoting Headland

Disliked

{quote} ... Hi G, well done on your sticking to your guns re your short side bias!

Ignored

Thanks mate... I have marked 1.3510/40, 1.3570 and 1.3640 areas as sell zones for more bearish assault.

Today's range already 110 pips, so this bullish move may halt at 1.3545/1.3565 area for today.

Data + Stat + Risk/Emotions Management

#627,553
Oct 1, 2021 6:52am Oct 1, 2021 6:52am

Maximumheigh
| Joined Sep 2020 | Status: Trader | 447 Posts

Quoting Maximumheigh

Disliked

{quote} Out of all my longs now @1.3524. Watching for a pullback around this area. We can get a pullback to 1.347x. IMO Pullback is imminent. Target 1.347x. IMO

Ignored

Pullback is imminent. Target 1.347x. Shorted here. IMO