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Cable Update (GBPUSD)

Quoting birdland
we have now another important line 3330, which seperates the bulls from the bears. 3410 was the last important level which is now controlled by the bears. {image}
133 is complete
132 work in progress
Quoting Pat Chiko
{quote} GU London open Scalping LONG. Warm up trade. {image}

GU

Add position.
Hope she will fly..with some luck.


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I come from the future.
Quoting Pat Chiko
{quote} Come join me. Lets get this engine warm up. You're cold there. Is it around minus 12 degree Celsius ? in London... Warm and sunshine in /kuala Lumpur around 23 to 25 degree C.
I've joined you, maybe a bit too early but looking to add one more at a lower price, let's push this up today. Kuala Lumpur is nice, lived there for a bit before the virus. Looking forward to go there one day again.
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Quoting Pat Chiko
{quote} GU Add position. Hope she will fly..with some luck. {image}
GU


Hope it will reach the target



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I come from the future.
price just flapping around
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Indicators on my chart help me guess the trade they do not guarantee result
Quoting Pat Chiko
{quote} GU Hope it will reach the target {image}
GU

And...........

add one more position , keeping the the price from dropping.

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I come from the future.
Quoting Pat Chiko
{quote} Hi Waveskie. Started to understand you trade styles. goes like this.... Sometimes you add to losers position at time. You're following some of the most successful traders trade styles. Why? Because what most books never tell us is that almost all trades start out as losers. It is extremely difficult to time the entry so well that it immediately begins to move in the direction of our trade. Sometimes trades will move only a few points against the position but occasionally prices may retrace several hundred points away from initial entry only...
Not bothered about direction but you are right about timing is key
Soon To Be Temporarily Suspended Again
Quoting Pat Chiko
{quote} Come join me. Lets get this engine warm up. You're cold there. Is it around minus 12 degree Celsius ? in London... Warm and sunshine in /kuala Lumpur around 23 to 25 degree C.
dude I’m waiting for the bounce up zone. Think I might have missed it whilst on the school run lol!

yeahs it’s cold here had to take the wife’s car as mine has runout of electric juice lol. She gonna be pissed when she sees the mpg it took to warm it up!
selling again
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Indicators on my chart help me guess the trade they do not guarantee result
SHORT 1.3297 no tp no sl lots of
Soon To Be Temporarily Suspended Again
Quoting Pat Chiko
{quote} Come join me. Lets get this engine warm up. You're cold there. Is it around minus 12 degree Celsius ? in London... Warm and sunshine in /kuala Lumpur around 23 to 25 degree C.
Sunny Day in Nigeria
Believe in your set ups.
13300 hit looking for a quick drop I think 13250 is a testing zone for today
Quoting Abrahamlinc
{quote} Sunny Day in Nigeria
You're lucky man.

Born in one of the richest country on this planet with high reserve of GOLD.

You must be very rich guy ?.

I'm sure you have few gold mining operation there.

Wish you the best
I come from the future.
I can tell you M15 long trend from this morning i was long from 1.32800 its for long time usually.Not for 1h
Quoting Pat Chiko
{quote} GU And........... add one more position , keeping the the price from dropping. {image}
GU

This my lucky trade today.

Hope it will continue rising and pick up the liquidity pool.

And seller is waiting to cash out then.


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I come from the future.
The short not working yet… do I take hit and try again or just stick with it. Heart over mind time. Mind saying stick with it as 13250 not fully tested since the big drop and also the 13330 area been bashed more than a bishop recently with no real result
Quoting Pat Chiko
{quote} GU This my lucky trade today. Hope it will continue rising and pick up the liquidity pool. And seller is waiting to cash out then. {image}
once hit we could be on way to below 13250
Quoting Pat Chiko
{quote} GU London Open never failed to surprise us. My take on manipulation on liquidity grab. {image}
Morning Pat
Great call on the GU direction at LO as usual!!! Here is a newbie question for you : why the big boys did not continue towards last night’s target 1.3220? What is their thinking process while engineering the move up towards 1.3340 this morning? There is liquidity at 1.3220 and there is liquidity at 1.3340. Why did they not continue to go lower? My personal judgment for the direction usually is based on M5 chart, which gives me a good entry with a small risk, for example I would have waited at least for the first 15 Minutes after LO and then see what M5 shows, but I see that you sensed the LO bounce and the direction long before the event. Obviously this is something that you can not learn in any books. It comes with experience. Thanks for all your sharing with the thread!!
Did you place your stop loss order? Why not?!? Story of my life...
Quoting coyoteuglyxxx
{quote} Morning Pat Great call on the GU direction at LO as usual!!! Here is a newbie question for you : why the big boys did not continue towards last night’s target 1.3220? What is their thinking process while engineering the move up towards 1.3340 this morning? There is liquidity at 1.3220 and there is liquidity at 1.3340. Why did they not continue to go lower? My personal judgment for the direction usually is based on M5 chart, which gives me a good entry with a small risk, for example I would have waited at least for the first 15 Minutes after...

Was lucky call I guess
I come from the future.
Quoting Pat Chiko
{quote} GU This my lucky trade today. Hope it will continue rising and pick up the liquidity pool. And seller is waiting to cash out then. {image}

GU

TRADE MANAGEMENT

Take out some trades @ BSZ

Let other run and move to Positive Stop to protect Capital.

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I come from the future.
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