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Cable Update (GBPUSD)

  • #655,741
  • Apr 8, 2022 7:34am Apr 8, 2022 7:34am
Quoting Waveskierrob
{quote} SELL order triggered
SELL tp hit +2
  • #655,742
  • Apr 8, 2022 7:41am Apr 8, 2022 7:41am
Quoting Jolita
{quote} Welcome back Rob, we will have some action here! Your strategy is best! Love it! I wish I had time for scalping like you do. I like when you stuck in your trades, you take a huge risk to hold them against all risk rules, and later you sweep hundreds of pips into your bank. Great skills
Many thanks, its nice to post every now and then keeps me on my toes
  • #655,743
  • Apr 8, 2022 7:42am Apr 8, 2022 7:42am
SELL order 1.3015 no sl tp+2
  • #655,744
  • Apr 8, 2022 7:42am Apr 8, 2022 7:42am
Finally, we are out of the dreaded sideways trend and have a clearer direction now, zooming out we officially made a new low, it even retest the bottom of the sideways horizontal line perfectly (1.30525), now support turned resistance.

I look for a bounce to the downside from 1.30553, price was near there but not close enough for me to pull any trigger, so now I'm looking to Short if i get a close below 1.30221 (my thick purple line), which is happening soon i expect, SL will be 1.30468.
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  • #655,745
  • Apr 8, 2022 7:53am Apr 8, 2022 7:53am
Quoting Waveskierrob
SELL order 1.3015 no sl tp+2
SELL order triggered
  • #655,746
  • Apr 8, 2022 7:53am Apr 8, 2022 7:53am
Quoting Reverso
Finally, we are out of the dreaded sideways trend and have a clearer direction now, zooming out we officially made a new low, it even retest the bottom of the sideways horizontal line perfectly (1.30525), now support turned resistance. I look for a bounce to the downside from 1.30553, price was near there but not close enough for me to pull any trigger, so now I'm looking to Short if i get a close below 1.30221 (my thick purple line), which is happening soon i expect, SL will be 1.30468. {image} {image}
What do you think todays low could be?
  • #655,747
  • Apr 8, 2022 7:54am Apr 8, 2022 7:54am
Quoting Waveskierrob
{quote} SELL order triggered
SELL tp hit +2
  • #655,748
  • Apr 8, 2022 7:56am Apr 8, 2022 7:56am
Dx is at 100
It can go up to 100.530-630
But then it will drop hard !!!!
Attached Image (click to enlarge)
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yes yes yes
  • #655,749
  • Apr 8, 2022 8:00am Apr 8, 2022 8:00am
Quoting Jolita
{quote} What do you think todays low could be?
Hmm, no one knows the future, and I do not bother to predict the highs and lows, if I see a valid setup, I take it, and just set my TP that is 1.5x of my SL and that's it.

If I am right, TP is reasonably easy to hit, sometimes shoot past my TP by a lot, but 1.5x of R&R is just what I aim for, less headache.
If I am wrong, then most likely SL will be hit, it's that simple, I don't try to worry about other things.

What about you? You predict highs/lows?
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  • #655,750
  • Apr 8, 2022 8:02am Apr 8, 2022 8:02am
SELL order 1.3020 no sl tp+2
  • #655,751
  • Apr 8, 2022 8:09am Apr 8, 2022 8:09am
Quoting Waveskierrob
SELL order 1.3020 no sl tp+2
SELL order triggered
  • #655,752
  • Apr 8, 2022 8:09am Apr 8, 2022 8:09am
Quoting Waveskierrob
{quote} SELL order triggered
SELL tp hit +2
  • #655,753
  • Apr 8, 2022 8:16am Apr 8, 2022 8:16am
Quoting fxsavvy1
My trade insurance has expired on my buy trades, and I lost 34 pips I have mentioned yesterday that if the GBPUSD does not bounce up back within the day, it will be a very bearish sign I am selling now from 1.3070 (current price), and will use a trade insurance protection again for 2 days, and will pay -34 pips for it. My target is 1.3010
I have taken the profits here at 1.3015

So far I recovered my yesterday's loss on this pair, and I prefer to exit here because we could see a fast bounce up, and I don't like it
  • #655,754
  • Apr 8, 2022 8:16am Apr 8, 2022 8:16am
Temptation to buy in these level is high xD
Can we have wicked candle again this friday or deadly long bear candle?
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #655,755
  • Apr 8, 2022 8:17am Apr 8, 2022 8:17am
Ongoing sell trade looking good, after taking the Short, it bounced a little bit back to the upside and then lost momentum and continue downwards now.
New lows incoming.

TP = 1.29767, my trades generally hit TP on the same day or next day.
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  • #655,756
  • Apr 8, 2022 8:20am Apr 8, 2022 8:20am
Quoting Reverso
{quote} Hmm, no one knows the future, and I do not bother to predict the highs and lows, if I see a valid setup, I take it, and just set my TP that is 1.5x of my SL and that's it. If I am right, TP is reasonably easy to hit, sometimes shoot past my TP by a lot, but 1.5x of R&R is just what I aim for, less headache. If I am wrong, then most likely SL will be hit, it's that simple, I don't try to worry about other things. What about you? You predict highs/lows?

I wish I could predict. I set TP's according to Bollinger Bands / Trendlines and Support zone. Will close a few at 1300 / 12990 and let a few open.

Daily Support 3 12991
Weekly S2 12980, S3 12908.

Could be a good bounce up of these supports.
  • #655,757
  • Apr 8, 2022 8:22am Apr 8, 2022 8:22am
Quoting kris89
Temptation to buy in these level is high xD Can we have wicked candle again this friday or deadly long bear candle?
My conviction is high to the downside, already making new lows now, today's high tested the support of sideways trend that lasted many days before, then the test failed and reversed to downside, confirming as resistance. Lastly it hit my Point A Down in ACD system of 1.30219, coupled with daily pivot sitting above of price action indicates downtrend.

Trade about 40% of TP already as of writing.
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  • #655,758
  • Apr 8, 2022 8:24am Apr 8, 2022 8:24am
BUY 1.3007no sl no tp
  • #655,759
  • Apr 8, 2022 8:30am Apr 8, 2022 8:30am
Continue the dump!
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Freedom you deserve. All Time Return: 71.0%
  • #655,760
  • Apr 8, 2022 8:41am Apr 8, 2022 8:41am
Quoting Learner-xx
{quote} Done for the day. I don't like holding trades this long but having sold on 8 lots, and knowing I am right, I had to let it run all day to hitting my TP. Anyways guys, since March 23 the trend has been selling. The technical trend may be showing you buys but do not fall for it.
I hope everyone is making profits with those sells
Executing trades with precision!!
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