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Cable Update (GBPUSD)

  • #660,101
  • May 22, 2022 3:44pm May 22, 2022 3:44pm
GBPUSD price action on the daily time frame is sideways. Seven days ago, it made a bearish retest of a significant horizontal support at the 1.22770/1.21591 zone (green) and, thereafter, retraced for a bullish drive. Technically, bulls are still favoured to make further northward push.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #660,102
  • May 22, 2022 5:40pm May 22, 2022 5:40pm
1.27799 is my target...
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SKQT - Super Kool Quant Trader
Daily Remy All Time Return: 5.6%
  • #660,103
  • May 22, 2022 7:23pm May 22, 2022 7:23pm
price going to 2550 today.

Then a pull back possible.
Intraday only.
  • #660,104
  • Edited 8:30pm May 22, 2022 8:14pm | Edited 8:30pm
Quoting BigNumbers
I'm Long on NZDCHF TP: 0.63034 Always learn to move stop to BE {image}
We approaching TP on NZDCHF..
Some one was talking about Fibonacci lol, Go and check AUDUSD, we are still long and getting paid...


Secrets of trading..

1. Don't trade like a retailer, even when you're one
2. Think about the mistakes of others in the market and use them to your advantage (Also called stop hunt, Liquidity)
3. Your journey to success becomes shorter when you let go of indicators.
4. Analyze the charts necked and learn to use candlesticks to draw support and resistance.
5. Figure out the 5th secrets, its about candle sticks.

NB: My money management principles is simple... I give less and take even much more... it's also called Risk to reward ratio.... everyday I'm working on my strategy to reduce my stop loss to at least 8 to 10 pips
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My telegram: https://t.me/avidforex
  • #660,105
  • May 22, 2022 8:29pm May 22, 2022 8:29pm
The crooks played me on friday , then the ran on me on asian SESSION , fuck them
took long , now they will go to close the gap on the dx
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yes yes yes
  • #660,106
  • Edited 9:44pm May 22, 2022 8:36pm | Edited 9:44pm
Quoting BigNumbers
{quote} We approaching TP on NZDCHF.. Some one was talking about Fibonacci lol, Go and check AUDUSD, we are still long and getting paid... Secrets of trading.. 1. Don't trade like a retailer, even when you're one 2. Think about the mistakes of others in the market and use them to your advantage (Also called stop hunt, Liquidity) 3. Your journey to success becomes shorter when you let go of indicators. 4. Analyze the charts necked and learn to use candlesticks to draw support and resistance. 5. Figure out the 5th secrets, its about candle sticks....
BigNumbebers, Fib's levels work for me pretty well, never complained about it. ...lol
Quoting Coreg2004
{quote} Possible plays to finish the patterns... {image} {image}
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Always trade your own plan...I don't provide trading signals.
  • #660,107
  • May 22, 2022 8:44pm May 22, 2022 8:44pm
Quoting Moty
The crooks played me on friday , then the ran on me on asian SESSION , fuck them took long , now they will go to close the gap on the dx {image} {image}
I think a sell at the current price might be better.

I expect price to trade back to 1.2452 and then possibly 1.2381 before another round of buying.

Trade safe!
  • #660,108
  • May 22, 2022 8:45pm May 22, 2022 8:45pm
Quoting Coreg2004
{quote} BigNumbebers, Fib's level work for me pretty good, never complained about it. ...lol {quote} {image}
Fib's level are good to trade with; but I don't think they will give you an edge in the market..
If you want to be among the 5% successful traders, you must learn to do things in a different way... Too many traders are using Fibonacci Retracements and extension, that invariably makes it less effective.
Think about the market as a gambling place..
My telegram: https://t.me/avidforex
  • #660,109
  • May 22, 2022 8:55pm May 22, 2022 8:55pm
[quote=BigNumbers;14008283]{quote} Fib's level are good to trade with; but I don't think they will give you an edge in the market.. If you want to be among the 5% successful traders, you must learn to do things in a different way... Too many traders are using Fibonacci Retracements and extension, that invariably makes it less effective. Think about the market as a gambling place..[/quote
I trade harmonic patterns, Elliott waves, and ranges (daily/weekly) which are established by Fib's levels. But I agree with you that for some they are not suitable like for me the Gann theory.
Always trade your own plan...I don't provide trading signals.
  • #660,110
  • Edited 9:14pm May 22, 2022 9:01pm | Edited 9:14pm
Chfjpy short
chart in a moment

SL: Above the resistance level

TP1: 50 PIPS
TP2: 88 PIPS
TP3: into the future
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My telegram: https://t.me/avidforex
  • #660,111
  • May 22, 2022 9:23pm May 22, 2022 9:23pm
Quoting pipcenturion
{quote} I think a sell at the current price might be better. I expect price to trade back to 1.2452 and then possibly 1.2381 before another round of buying. Trade safe!
same view >.<
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
  • #660,112
  • May 22, 2022 10:02pm May 22, 2022 10:02pm
Friday's range was 40-50 pips
today it will more then 100 for sure
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yes yes yes
  • #660,113
  • May 22, 2022 10:12pm May 22, 2022 10:12pm
from 2550 to 2450 ?

Or atleast 2502/10

May be.

I took short.

My stop 2551.
Intraday only.
  • #660,114
  • May 22, 2022 10:25pm May 22, 2022 10:25pm
Quoting Moty
Friday's range was 40-50 pips today it will more then 100 for sure {image}
Thr price has to come to Asian range for frankfiry / London to take it up.
Intraday only.
  • #660,115
  • May 22, 2022 10:57pm May 22, 2022 10:57pm
Took short XAU 1854 TP 1835 maybe
  • #660,116
  • May 22, 2022 11:00pm May 22, 2022 11:00pm
Quoting Moty
Friday's range was 40-50 pips today it will more then 100 for sure {image}
1.26 minimum imo.
the questions is from where
  • #660,117
  • May 22, 2022 11:16pm May 22, 2022 11:16pm
Good morning bois.

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We cut the winners short and let the losers run.
  • #660,118
  • May 23, 2022 12:00am May 23, 2022 12:00am
somebody gave me a $50,000 account, which is currently at $475 to revive
.

lets see what we can do with it this month.
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  • #660,119
  • Edited 12:26am May 23, 2022 12:13am | Edited 12:26am
Quoting pipcenturion
{quote} I think a sell at the current price might be better. I expect price to trade back to 1.2452 and then possibly 1.2381 before another round of buying. Trade safe!
Something doesn't seem right with the M30 VAP values.
We might see a few more bullish candles on M30 before the sell off.
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  • #660,120
  • May 23, 2022 12:15am May 23, 2022 12:15am
Quoting PatienceFx
somebody gave me a $50,000 account, which is currently at $475 to revive . lets see what we can do with it this month. {image}
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