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Cable Update (GBPUSD)

  • #652,481
  • Feb 21, 2022 9:16am Feb 21, 2022 9:16am
Quoting surgeon
{quote} Bears still in charge.
not for long
Attached Image(s) (click to enlarge)
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yes yes yes
  • #652,482
  • Feb 21, 2022 9:18am Feb 21, 2022 9:18am
3585 not hit , 3605 not respect , so over 3621 likely retest 3585 or even 3572/54 watching
similarly eu as broken 1330 limit , so low test , actually 50% fib 1306 and will wait till 1217 if possible !
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 35 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #652,483
  • Feb 21, 2022 9:28am Feb 21, 2022 9:28am
Quoting silolo
{quote} Market sentiment changes everytime and it is a lagging indicator. Make no mistake because market direction is determined by hedge funds, central banks, smart money and institutional traders who trades in billions. Retailers or mt4 traders are a mico space in forex industries. Newbies should instead focus on their candle chart. Sentiment is not a reliable indicator from my experience.
This doesn't make any sense. You are saying these groups are trading in the same direction causing sentiment.
  • #652,484
  • Feb 21, 2022 9:31am Feb 21, 2022 9:31am
It didn't hit my SL, but I'd rather see that happen than a war between Russia and Ukraine.

GBPUSD Chart
Risk Management is of utmost importance!
  • #652,485
  • Feb 21, 2022 9:46am Feb 21, 2022 9:46am
Quoting Moty
{quote} not for long {image} {image}
Bear stamina proving the greater... right through till London close it appears. Then a drop once bulls become overexhausted.
I see Beasts. I drop my scalpel and beckon to theatre nurse: "Charts!&
RubiconFund Return Today: 8.4%
  • #652,486
  • Feb 21, 2022 10:12am Feb 21, 2022 10:12am
Quoting Wavegarrick
{quote} A Tough call, Can Bulls maintain the ascendancy by closing the week above 1.36000? Have a great weekend, Cheers. {image}
Oki Dokey Folks,
Right now I am getting the sense that bears are being rejected at 1.36000. I remain bullish from a 4hr perspective.
Have a great week,
Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1525.png Size: 108 KB
Trade to trade another day
  • #652,487
  • Feb 21, 2022 10:16am Feb 21, 2022 10:16am
Quoting surgeon
{quote} Bear stamina proving the greater... right through till London close it appears. Then a drop once bulls become overexhausted.
it will reach 1.38000 area , even if it a bearish move
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 31 KB
yes yes yes
  • #652,488
  • Feb 21, 2022 10:16am Feb 21, 2022 10:16am
Its still going sideways
  • #652,489
  • Feb 21, 2022 10:27am Feb 21, 2022 10:27am
Some brokers can be mean. I asked my broker Tickmill to restore back an inactive demo account I traded for 3 months last year but they said No!
I was able to raise a $1000 account to $1987.33 for the above period with a maximum drawdown of 12%...
Already this current $100 demo is about $180 equity with less than 10% capital drawdown. I can risk profit but not same for my startup capital.
  • #652,490
  • Feb 21, 2022 10:45am Feb 21, 2022 10:45am
Quoting silolo
Some brokers can be mean. I asked my broker Tickmill to restore back an inactive demo account I traded for 3 months last year but they said No! I was able to raise a $1000 account to $1987.33 for the above period with a maximum drawdown of 12%... Already this current $100 demo is about $180 equity with less than 10% capital drawdown. I can risk profit but not same for my startup capital.
They'd love you to by now go live.
I see Beasts. I drop my scalpel and beckon to theatre nurse: "Charts!&
RubiconFund Return Today: 8.4%
  • #652,491
  • Feb 21, 2022 10:46am Feb 21, 2022 10:46am
Very possible short trade till next support. 1.35
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_4.png Size: 80 KB
  • #652,492
  • Edited 11:13am Feb 21, 2022 10:54am | Edited 11:13am
Quoting silolo
Some brokers can be mean. I asked my broker Tickmill to restore back an inactive demo account I traded for 3 months last year but they said No! I was able to raise a $1000 account to $1987.33 for the above period with a maximum drawdown of 12%... Already this current $100 demo is about $180 equity with less than 10% capital drawdown. I can risk profit but not same for my startup capital.
I still monitoring your demo, last 3 sell GBPUSD, actually all hit stop loss, but you moved and increased your stop from 1.3640 to 1.3685

3 buy positions opened

1.3610
1.3622
1.3636

IF all touch your stop 1.3687, then you will loss totally 175 pips to get few pips. it's demo how about real, do the same?

I prefer 0.1% every single trade, than 10% but can burn my account. I'm trader not gambler..

my broker give $1000 NDB, for 7 days trading, and you can withdrawn your profit. If interesting you can register.
  • #652,493
  • Feb 21, 2022 11:36am Feb 21, 2022 11:36am
Quoting Lastaccount
{quote} I still monitoring your demo, last 3 sell GBPUSD, actually all hit stop loss, but you moved and increased your stop from 1.3640 to 1.3685 3 buy positions opened 1.3610 1.3622 1.3636 IF all touch your stop 1.3687, then you will loss totally 175 pips to get few pips. it's demo how about real, do the same? I prefer 0.1% every single trade, than 10% but can burn my account. I'm trader not gambler.. my broker give $1000 NDB, for 7 days trading, and you can withdrawn your profit. If interesting you can register.

what broker is that?
  • #652,494
  • Feb 21, 2022 11:38am Feb 21, 2022 11:38am
Signal
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20220221_193750.jpg Size: 288 KB
yes yes yes
  • #652,495
  • Feb 21, 2022 12:16pm Feb 21, 2022 12:16pm
Long in at 1.3609 target 1.3627
Don't trade what you think. Just what you see!!!
  • #652,496
  • Feb 21, 2022 12:23pm Feb 21, 2022 12:23pm
Quoting Lastaccount
{quote} I still monitoring your demo, last 3 sell GBPUSD, actually all hit stop loss, but you moved and increased your stop from 1.3640 to 1.3685 3 buy positions opened 1.3610 1.3622 1.3636 IF all touch your stop 1.3687, then you will loss totally 175 pips to get few pips. it's demo how about real, do the same? I prefer 0.1% every single trade, than 10% but can burn my account. I'm trader not gambler.. my broker give $1000 NDB, for 7 days trading, and you can withdrawn your profit. If interesting you can register.
Demo is the reason I opened 3 trades to get enough data to attached to explorer. I will never risk more than 5% on live account and I trade only GU and one position at a time. Very true I moved my stop loss. My actual stop is usually 50 pips maximum in my head. The hard stop is to preserve my capital against sudden spike. Wished I can get my own internet package soon so as to continuously keep monitoring my trades.

Last week, all 3 trades were in small profits and met my daily target but I didn't put take profit and it went against me. The reason I didn't close them was because my 4hours candles said wait a little while.

Thanks for keeping an eye on my trades and advising me on the right path.

5% of $200 is $10... Maximum stop loss is 50 pips
= 0.02 micro lots size
  • #652,497
  • Feb 21, 2022 12:34pm Feb 21, 2022 12:34pm
Quoting Nuel101
{quote} what broker is that?
Instaforex???
  • #652,498
  • Feb 21, 2022 12:42pm Feb 21, 2022 12:42pm
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 45 KB
yes yes yes
  • #652,499
  • Feb 21, 2022 12:48pm Feb 21, 2022 12:48pm
Quoting greenpips4
{quote} hello patience fx.. can u please tell me what moving average is that yellow line?
50 sma
  • #652,500
  • Feb 21, 2022 12:53pm Feb 21, 2022 12:53pm
Quoting PatienceFx
{quote} like this {image}
lets see what cooks next
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 28 KB
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