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Cable Update (GBPUSD)

  • #663,061
  • Jun 10, 2022 10:52am Jun 10, 2022 10:52am
Quoting ScalaFX
{quote} You holding this further? Incredible why I dont but it
Book 50%, and last time it visited yearly open it made a high of 1873.96 so...... will hold the rest...

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EU - closed fully
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"Exchange of hands"
  • #663,062
  • Jun 10, 2022 10:58am Jun 10, 2022 10:58am
Buy limit 2310. I'll hold till Monday and get out at daily pivot bus stop. Today's short was as sweet as honey.
  • #663,063
  • Jun 10, 2022 10:59am Jun 10, 2022 10:59am
Quoting BeeTogether
Can’t see a swing point at the moment the momentum is purely with the bears in this
It is friday, all "movers " would have gone.

Only we, retail still see the chart.

Intraday only.
  • #663,064
  • Jun 10, 2022 11:01am Jun 10, 2022 11:01am
Quoting AnfieldLife
I'm done today. Closed all short. Waite monday. Goodluck all bros {image}
nice short!
  • #663,065
  • Jun 10, 2022 11:01am Jun 10, 2022 11:01am
Quoting Coreg2004
{quote} navk, at the end your risk: reward ratio is also associated with the number. There is no difference in my opinion. {image}
I did mean, if some want to get out and book profit at 2340, it is fine.

Otherwise there is not much technical reason in a particular number, this is what I meant.
Intraday only.
  • #663,066
  • Jun 10, 2022 11:04am Jun 10, 2022 11:04am
Quoting Georginson
I will take a buy on Monday anywhere from 1.23 to target 1.27... second buy limit will also be set at 1.2160 to target same 1.2700. It's Swing time for me.
Important Clue... Whatever low attained between 12th to 13th Day of this June, if such low stays unbroken, just add 450 pips to it.

Example if 1.2300 is the low between 12th to 13th June, just add 450 pips to it, which will give you 1.2750 this same June.

Invalidation: should price break the low established between 12th - 13th June by at least 50 pips, it will invalidate such 450 pips bounce within June.

A research excerpt with no obligation to follow.
Data + Stat + Risk/Emotions Management
  • #663,067
  • Jun 10, 2022 11:26am Jun 10, 2022 11:26am
Quoting Mitiblotch
Buy limit 2310. I'll hold till Monday and get out at daily pivot bus stop. Today's short was as sweet as honey.
Triggered!
  • #663,068
  • Jun 10, 2022 11:28am Jun 10, 2022 11:28am
Gold going up and dollar getting strong. That's some wicked risk off! Any news we haven't heard, did Putin blow Texas out of the water?
  • #663,069
  • Jun 10, 2022 11:35am Jun 10, 2022 11:35am
Quoting Mitiblotch
Gold going up and dollar getting strong. That's some wicked risk off! Any news we haven't heard, did Putin blow Texas out of the water?
Gold what a Fuck! Bilal swimming in money I didnt catch this becouse of GU, I want have a good margin for adding positions so I didnt take it, sooo when didnt take it I can add to GU What can I do more so 2310 this is my last position, worst is from 12490
People don't plan to lose. They lose because they don't plan.
  • #663,070
  • Edited 1:19pm Jun 10, 2022 11:38am | Edited 1:19pm
Quoting Wavegarrick
{quote} Hi Scala, There has definitely been a battle between bulls and bears this week. A ping pong battle with price crossing my weekly pivot at 1.25337 six times this week. This kind of price action is usually a prelude to a big breakout. I still maintain my longs as I am in a cyclic bullish trend and have been adding progressively. It is almost like a war of attrition as we see with Ukraine and Russia. Right now If price breaks 1.2600 I can definitely see momentum towards 1.30000 going into the 3rd quarter of this year. Below 1.24000 we can look...
Hi Guys,
A bitter pill for me to swallow today. I certainly had high hopes for price to continue to the upside. It just did not happen and I walk off with my tail between my legs. I took my knocks and was fortunate to get into scalp sell trades. Just an instinct that kicks in when candle momentum continues against my trades. Very hard to post as these things happen very quick and I guess I could call it capitol preservation and each trader should pick this up over time. Nevertheless I march on. I have a buy trade at 1.23200 and am hoping for some sort of retracement at this point. Price could well reach 1.2300 before a retrace. My future weekly pivot currently at 1.24082 is a short term target for next week, having said that unless we get back above 1.24000 very quickly we could see new yearly lows for this quarter.
Take care.
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Trade to trade another day
  • #663,071
  • Jun 10, 2022 11:38am Jun 10, 2022 11:38am
Quoting ScalaFX
{quote} Gold what a Fuck! Bilal swimming in money I didnt catch this becouse of GU, I want have a good margin for adding positions so I didnt take it, sooo when didnt take it I can add to GU What can I do more so 2310 this is my last position, worst is from 12490
You will be ok..
  • #663,072
  • Jun 10, 2022 11:40am Jun 10, 2022 11:40am
Quoting Whale
{quote} You will be ok..
Im hope so waiting to add some but higher
People don't plan to lose. They lose because they don't plan.
  • #663,073
  • Jun 10, 2022 11:41am Jun 10, 2022 11:41am
Quoting ScalaFX
{quote} Gold what a Fuck! Bilal swimming in money I didnt catch this becouse of GU, I want have a good margin for adding positions so I didnt take it, sooo when didnt take it I can add to GU What can I do more so 2310 this is my last position, worst is from 12490
Oh I see. I also don't like trading different pairs at once. In my experience this month will be firmly bearish. However, if we can get a good close above 2475 again then we fly to Georginson's target. In any case, I will only buy this pair whenever we get a 200 pip drop and at the extreme bottom of each daily range.

So long as you have margin you will come out of the trade since you scaled in.
  • #663,074
  • Jun 10, 2022 11:45am Jun 10, 2022 11:45am
Quoting Wavegarrick
{quote} Hi Guys, A bitter pill for me to swallow today. I certainly had high hopes for price to continue to the upside. It just did not happen and I walk off with my tail between my legs. I took my knocks and was fortunate to get into scalp sell trades. Just an instinct that kicks in when candle momentum continues against my trades. Very hard to post as these things happen very quick and I guess I could call it self preservation and each trader should pick this up over time. Nevertheless I march on. I have a buy trade at 1.23200 and am hoping for...
Hi Wave, good sight to jump in on the sell. I like how you get your pivots done even before day/week/month ends. The rejections at 2600 area was a very strong clue for this deep drop. This can quickly get to the 1900s before we blink if supports don't start holding.

More pips to you.
  • #663,075
  • Jun 10, 2022 11:47am Jun 10, 2022 11:47am
Quoting Mitiblotch
{quote} Oh I see. I also don't like trading different pairs at once. In my experience this month will be firmly bearish. However, if we can get a good close above 2475 again then we fly to Georginson's target. In any case, I will only buy this pair whenever we get a 200 pip drop and at the extreme bottom of each daily range. So long as you have margin you will come out of the trade since you scaled in.
Yes, im managed a little bit with shorts, I always do that when price come opposite to my positions, dont use stoploss, I never did, and Im alive few years so only patience now 🕰
People don't plan to lose. They lose because they don't plan.
  • #663,076
  • Jun 10, 2022 12:02pm Jun 10, 2022 12:02pm
Quoting Simon-1988
{quote} Been doing it for a lot of time also , even more than you blew a few account because of emotional trading I knew I was wrong but kept hoping it will come back, I don't know if I should tell you to continue or not , but if you want an advice and what really helped me was AL Brooks courses and Mark Douglas , really changed my perspective about trading and finally getting profitable. I can tell you this trading is not easy it take a lot of hard work , it can not be just like a hobby , you are competing with some of the smartest people and institutions...
Well said..... Cheers
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #663,077
  • Jun 10, 2022 12:11pm Jun 10, 2022 12:11pm
Quoting navk
why we take counter trend trade ? We feel low has reached. We feel this is not right place to sell, because it is oversold. So, we keep on buying. ha..ha..
One of the first 5 reasons for the death of trading account and trading careers
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #663,078
  • Jun 10, 2022 12:23pm Jun 10, 2022 12:23pm
Quoting eyefeelsix
{quote} {quote} the future is now.. {image}
2300 rejection I hope, -4p risk I take
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https://breakpullback.com
  • #663,079
  • Jun 10, 2022 12:28pm Jun 10, 2022 12:28pm
i covered my short starting to see buy signals on the 15 min chart.
  • #663,080
  • Jun 10, 2022 12:40pm Jun 10, 2022 12:40pm
Quoting ninner
i covered my short starting to see buy signals on the 15 min chart.
careful buying, this wave doesnt look finished imo . might be a bounce for more down next week
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