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Cable Update (GBPUSD)

  • #661,241
  • May 31, 2022 7:33am May 31, 2022 7:33am
Quoting Jolita
Sometimes it helps to reverse charts for good ideas. Would be nice if will play out this scenario. Daily actual {image} (Reversed - mirror effect possible 1.2630 1.2410 up 1.3/1.32) {image}
The top of consolidation box held well. As it is month end quick drop to retest 1.2410 would be ideal.
Beeing realistic - Tp1 set to 1.2540 (100pips). Tp2 12410 (will close manually on any chaotic moves).
  • #661,242
  • May 31, 2022 7:34am May 31, 2022 7:34am
...could see demand layered down from current dly lo - 2536 if tested? 4 fib cluster 2551-45.

4hr below
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Trader with an Edge.
  • #661,243
  • May 31, 2022 7:46am May 31, 2022 7:46am
As far as 1.2495 stays unbroken, 1.2735 is the first bullish target to be followed up to 1.2850 in days ahead.
Data + Stat + Risk/Emotions Management
  • #661,244
  • May 31, 2022 8:00am May 31, 2022 8:00am
Quoting Pat Chiko
{quote} GU Partial closed Balance position is in positive stop Re -Evaluate balance position at NYO {image}
GU

All closed at target.

2nd block at TP

Wait for next set up

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #661,245
  • May 31, 2022 8:04am May 31, 2022 8:04am
... bulls finding some support but battling in shadow of last 1hr bear thrust close.

1hr below
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Trader with an Edge.
  • #661,246
  • Edited 9:19am May 31, 2022 8:05am | Edited 9:19am
Quoting Whale
{quote} This is wild guess my friend. like Asian session will take the price to 2700/2720 We are going down. i will wait at least to 1.2553
Hi Whale.I have a question for you who work on Elliott Waves. Is this picture correct? Which wave 4 do you consider probable? 4 formed or completed at 1.27400? As far as I know, 38.2 is the most likely option in correction 4 .I always start counting waves with Coral60(Like the picture).Thank you so much
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There is nothing wrong with being kind & loving to each other
  • #661,247
  • Edited 12:35pm May 31, 2022 8:07am | Edited 12:35pm
_________ Correlation with CABLE on 3M chart = U can hav even 1 second charts on this , endless PROFITS$$$ possibilities IMHO
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Don’t focus on making $$$, focus on protecting what you have.
  • #661,248
  • Edited 9:19pm May 31, 2022 8:22am | Edited 9:19pm
Quoting profits7
@ Moty , you could do this on d side - easeee $$$ m8 and Hopefulleee you'll NOT waist these profits$$$ on cable ! {image}
______________________

TP hit , bank my profits$$$ - done for 2day and I go pester my Lovely Wife now, all that postin made me Horny indeed - - - see you all mebbe tmw
Don’t focus on making $$$, focus on protecting what you have.
  • #661,249
  • May 31, 2022 8:30am May 31, 2022 8:30am
There is bounce, from 30 min chart from 2560.

But I do not want to trade.

I am calling this as a day.

In Prop trading, one must be happy with 0.5 % and above. This way, I can manage risk.

Today 1.2 % done.

Happy.

So no more trading.
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Intraday only.
  • #661,250
  • May 31, 2022 8:44am May 31, 2022 8:44am
Quoting navk
There is bounce, from 30 min chart from 2560. But I do not want to trade. I am calling this as a day. In Prop trading, one must be happy with 0.5 % and above. This way, I can manage risk. Today 1.2 % done. Happy. So no more trading. {image} {image}
if there is still a chance why not, you trade the wallet not the market.
https://breakpullback.com
  • #661,251
  • May 31, 2022 8:45am May 31, 2022 8:45am
I know that this is in the wrong thread but for those who are interested.......I got this from IGROK and looks promising for me.
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Lost....
  • #661,252
  • May 31, 2022 8:48am May 31, 2022 8:48am
Quoting eyefeelsix
{quote} if there is still a chance why not, you trade the wallet not the market.
Yes, I keep an eye on the wallet, as that is the one matters at the end of the day.



Market will do what it wants to do.

I am fisher.

ha..ha..

Any ways good point.

But In a prop trading model, the daily risk/reward matters a lot. The firm fixes the loss limits.
Intraday only.
  • #661,253
  • May 31, 2022 8:53am May 31, 2022 8:53am
Out of my last short at 2577. +69 pips. Now wait for the new month to make a killing! @ScalaFX, I told you those moves at 2666 were shenanigans, lies. This dump was the move that they delayed. There is a portion of the Bible that says when the clouds become full of water, they empty themselves upon the earth. That's what just happened. After picking up orders to the full, they dumped it. Hehehe...

The dream of 2719 is gone for today.
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  • #661,254
  • May 31, 2022 8:55am May 31, 2022 8:55am
Quoting navk
{quote} Yes, I keep an eye on the wallet, as that is the one matters at the end of the day. Market will do what it wants to do. I am fisher. ha..ha.. Any ways good point. But In a prop trading model, the daily risk/reward matters a lot. The firm fixes the loss limits.
no worry the firm daily loss limits is too far from your style
https://breakpullback.com
  • #661,255
  • May 31, 2022 8:59am May 31, 2022 8:59am
Quoting eyefeelsix
{quote} no worry the firm daily loss limits is too far from your style
I eye on 0.5 to 1.5 % risk per day.
This is my personal preference.

For this risk, if i make 0.5 to 1.2 to 1.5 %, if i make, then I call it a day.

If I continue to do on a daily basis, i can hit monthly 20 to 25 k. which is good enough.

The firm pays 75 %.
Intraday only.
  • #661,256
  • May 31, 2022 9:07am May 31, 2022 9:07am
Grrrr just when I thought it's heading up to 126 again..
Insane in the Brain..
  • #661,257
  • May 31, 2022 9:08am May 31, 2022 9:08am
Quoting navk
{quote} I eye on 0.5 to 1.5 % risk per day. This is my personal preference. For this risk, if i make 0.5 to 1.2 to 1.5 %, if i make, then I call it a day. If I continue to do on a daily basis, i can hit monthly 20 to 25 k. which is good enough. The firm pays 75 %.
In your own way, I'm sure you can make m$ney more than that, Good luck friend.
https://breakpullback.com
  • #661,258
  • May 31, 2022 9:08am May 31, 2022 9:08am
Quoting Mitiblotch
Out of my last short at 2577. +69 pips. Now wait for the new month to make a killing! @ScalaFX, I told you those moves at 2666 were shenanigans, lies. This dump was the move that they delayed. There is a portion of the Bible that says when the clouds become full of water, they empty themselves upon the earth. That's what just happened. After picking up orders to the full, they dumped it. Hehehe... The dream of 2719 is gone for today. {image}
Yes you are right, Bravo for our patience, personaly I took half profit at 2575, rest Free ride, hoping for a new low or maybe 1.20, last this all for this swing, 2490-2500 will be crucial for that like @Georginson said, congratulations one more time buddy!
ps I think we can see this maybe today or tomarrow
People don't plan to lose. They lose because they don't plan.
  • #661,259
  • May 31, 2022 9:22am May 31, 2022 9:22am
Quoting Pat Chiko
{quote} GU All closed at target. 2nd block at TP Wait for next set up {image}
GU

add position

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #661,260
  • May 31, 2022 9:36am May 31, 2022 9:36am
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yes yes yes
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