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Cable Update (GBPUSD)

  • #646,981
  • Jan 4, 2022 10:39am Jan 4, 2022 10:39am
Quoting Isabella_D
GBPUSD daily short from 1.3550; tolerated 1.3580; if higher ---> hedge tp1 1.3350 tp2 1.3260 tp3 1.2950 {image}
TP3 is the sweet spot. Although as it currently stands TP1 or 2 would work too
Insane in the Brain..
  • #646,982
  • Jan 4, 2022 11:56am Jan 4, 2022 11:56am
add sell - 1.3541
Together we can be strongest
Vantage Return This Month: na
  • #646,983
  • Jan 4, 2022 12:01pm Jan 4, 2022 12:01pm
Short 3535
COT: The precious data ignored
  • #646,984
  • Jan 4, 2022 12:19pm Jan 4, 2022 12:19pm
Quoting kuroro001
Short 3535
stop 1.3560?
target 1.3480?
  • #646,985
  • Jan 4, 2022 12:24pm Jan 4, 2022 12:24pm
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 18 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 29 KB
yes yes yes
  • #646,986
  • Jan 4, 2022 12:33pm Jan 4, 2022 12:33pm
Quoting genadi
{quote} stop 1.3560? target 1.3480?
Position is dynamic, but yes hard stop above 3560 with tp 3495 and 3475 for now
COT: The precious data ignored
  • #646,987
  • Jan 4, 2022 12:37pm Jan 4, 2022 12:37pm
And i'm in a nice mood, so i'll short CADJPY 91,4 to help Robinhood with his shorts in the depth of the ocean
COT: The precious data ignored
  • #646,988
  • Jan 4, 2022 12:55pm Jan 4, 2022 12:55pm
Quoting RCtrader
Somebody, please tell Robinhood to unignore me. It was not my intent to offend him. It's just there is a lot of drama when he is around.
Your wish was appraised, doing something right
  • #646,989
  • Jan 4, 2022 1:00pm Jan 4, 2022 1:00pm
Quoting Wavegarrick
{quote} Hi Guys, Right now it is a case of rinse and repeat. Getting out of my worst trades and selling higher. 1.35000 was overshot by 13 pips but not enough for me to go into panic mode. I remain in a short cycle. Trade safe. Cheers. {image} {image}
A simple little trick when trades go against you provided you have high probability trades increase your risk provided it is within your risk tolerance, and I usually look towards the end of the London session to add more and close all trades, it is within my money management strategy and an important ingredient. a similar strat to Pat Chiko. just I trade smaller. 135. pips and running.
Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1437.png Size: 70 KB
Trade to trade another day
  • #646,990
  • Jan 4, 2022 1:49pm Jan 4, 2022 1:49pm
its only the daily weekly and monthly thats bullish not to worry
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #646,991
  • Jan 4, 2022 1:53pm Jan 4, 2022 1:53pm
Quoting Wavegarrick
{quote} A simple little trick when trades go against you provided you have high probability trades increase your risk provided it is within your risk tolerance, and I usually look towards the end of the London session to add more and close all trades, it is within my money management strategy and an important ingredient. a similar strat to Pat Chiko. just I trade smaller. 135. pips and running. Cheers. {image}
Way too many trades.
Risk Management is of utmost importance!
  • #646,992
  • Edited 2:54pm Jan 4, 2022 2:02pm | Edited 2:54pm
Quoting Kwt4x
{quote} even better, I do too. but I use calculated measurements and time. GJ H4, starting point 2018 top, BB's 1 year, 1/2 and 1/4 {image} btw, you can also use the sequence with 360 method (45 90 180 360 720 1440 ...) nothing random in any trading market, they just need math&time to organize the chaos. cheers,
Would you please give your best tip on EMA's. I know them crossing gives you a clue in directional move or change in trend.
Interesting thoughts and ideas you have! Please share.

I have this mathematical simple tip to share too.
I learned this method from one great trader. This is first step to prepare your .

Try this on any pair, lets say GU.

1. Open monthly chart.

2. Choose one larger period, lets say 12 monthly candles or more.

3. Add horizontal lines on the highest and lowest points of the chart, round the numbers.

4. Add third line in the middle, your chart is divided in two halves.

5. Half the two halves by adding middle lines, split in half, as much you like.

6. Here you go, you have your main lines, highlight them by thickness/ style or colour you like. These are your major areas on a monthly.
You can do the same on smaller timeframes, if in up trend hide the lines you don't need. Make your chart clean.
Now your chart is a treasure map and ready to use, clean and clear.
  • #646,993
  • Edited 2:45pm Jan 4, 2022 2:24pm | Edited 2:45pm
Quoting RCtrader
{quote} Way too many trades.
Hi RC Trader,
I appreciate your input friend Here is the thing. I can trade big lots and have that one trade that will give me my millions of profit provided its gonna work or I can trade millions of small trades that are gonna give me a million chances with profits and losses but all at a different state of mind and I dare to say that my state of mind at some point will catch the big swing, believe me, I will be there. A new year and new beginnings.
Cheers
Edit: All trades in the above post are closed
Trade to trade another day
  • #646,994
  • Jan 4, 2022 2:46pm Jan 4, 2022 2:46pm
Quoting Bones
its only the daily weekly and monthly thats bullish not to worry
lol... and the year only started...
inconclusion
  • #646,995
  • Jan 4, 2022 2:49pm Jan 4, 2022 2:49pm
Quoting Wavegarrick
{quote} A simple little trick when trades go against you provided you have high probability trades increase your risk provided it is within your risk tolerance, and I usually look towards the end of the London session to add more and close all trades, it is within my money management strategy and an important ingredient. a similar strat to Pat Chiko. just I trade smaller. 135. pips and running. Cheers. {image}
Hi Garrick,

What is this lot size you trade?
What comes up, goes down.
Whales are positioning. Many pairs are taking last breath.
  • #646,996
  • Jan 4, 2022 2:57pm Jan 4, 2022 2:57pm
🥱
  • #646,997
  • Jan 4, 2022 3:00pm Jan 4, 2022 3:00pm
Quoting Wavegarrick
{quote} Hi RC Trader, I appreciate your input friend Here is the thing. I can trade big lots and have that one trade that will give me my millions of profit provided its gonna work or I can trade millions of small trades that are gonna give me a million chances with profits and losses but all at a different state of mind and I dare to say that my state of mind at some point will catch the big swing, believe me, I will be there. A new year and new beginnings. Cheers Edit: All trades in the above post are closed
Well, yes, I know the technique. But your trades were really close to one another.
Risk Management is of utmost importance!
  • #646,998
  • Jan 4, 2022 3:10pm Jan 4, 2022 3:10pm
Quoting RCtrader
{quote} Well, yes, I know the technique. But your trades were really close to one another.
no, you have no clue
cheers
Trade to trade another day
  • #646,999
  • Jan 4, 2022 3:13pm Jan 4, 2022 3:13pm
Quoting Wavegarrick
{quote} Hi RC Trader, I appreciate your input friend Here is the thing. I can trade big lots and have that one trade that will give me my millions of profit provided its gonna work or I can trade millions of small trades that are gonna give me a million chances with profits and losses but all at a different state of mind and I dare to say that my state of mind at some point will catch the big swing, believe me, I will be there. A new year and new beginnings. Cheers Edit: All trades in the above post are closed
If you want to catch the big swings....

.....trade equity indices, during the craziest equities bubble ever?*

NB* Big correction likely coming soon, but that will be where your opportunities lie.
  • #647,000
  • Jan 4, 2022 3:13pm Jan 4, 2022 3:13pm
Quoting Wavegarrick
{quote} no, you have no clue cheers
Lol? You opened many trades so as to cover the losses from some of the bad ones and get some profit.
Do you really think I have no clue?
Risk Management is of utmost importance!
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