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Cable Update (GBPUSD)

  • #673,561
  • Aug 5, 2022 4:03am Aug 5, 2022 4:03am
Quoting Pat Chiko
{quote} GU Pre NFP day. Scalping time only for major data release. In and out from position. Partly Closed, Partly Open with multiple TP. Another good day to scalp prior to NFP. {image}
Nice R&S method.
I will learn from you about this setup, hopefully i can do like yours
fflush was here
  • #673,562
  • Aug 5, 2022 4:07am Aug 5, 2022 4:07am
If the price falls below 1.2130,
It will probably continue down,
And that's probably what will happen, I'm waiting
  • #673,563
  • Edited 4:24am Aug 5, 2022 4:08am | Edited 4:24am
...price now bordered by 2 x prev 1hr/minor 4hr sw hi/lo x 2 zones....which one will break first? Sell side pressure currently.

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 15 KB
Trader with an Edge.
  • #673,564
  • Aug 5, 2022 4:09am Aug 5, 2022 4:09am
Quoting Jolita
{quote} You can swap your price on chart to ask, bid or mid according to your trade sentiment Ask price for sell {image} Bid price for buy {image} Slippage difference 11 pips!!!
You Me
  • #673,565
  • Aug 5, 2022 4:10am Aug 5, 2022 4:10am
Quoting fflush
{quote} Nice R&S method. I will learn from you about this setup, hopefully i can do like yours
Absolutely agree..........

Each trader has to find their own style of trading and that there are many, many different ways and time frames to trade.
For sure there are profitable traders on ALL time frames.

To each his(her) own. T
his business is more of a marathon vs a sprint.
I've seen all kinds of traders "get on a roll", only to eventually give everything back.

Smaller time frames, your broker will luv you!....

Afterall, this is a transaction based business!
But it goes without saying, if you find something that works consistently for you, DO IT !!

Best Wishes

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #673,566
  • Aug 5, 2022 4:13am Aug 5, 2022 4:13am
GU
follow the money
Attached Image (click to enlarge)
Click to Enlarge Name: gu 310.jpg Size: 209 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #673,567
  • Aug 5, 2022 4:18am Aug 5, 2022 4:18am
Quoting Chris_35
{image}{quote} My I.G shows high for yesterday as 12217.1 ??
Same on Mid price (middle price -or average of the current bid and ask prices)
  • #673,568
  • Aug 5, 2022 4:23am Aug 5, 2022 4:23am
Getting married to position on Data release day.


The first aspect of the problem is due to poor observation.

The market has changed and we haven’t changed with it.
Poor observation stems from a variety of lesser but very important problems.

We have married a market, or a trade.
We may have allowed our ego to get the best of us and we are no longer humble.

Think about the many things that can distract us from seeing when market conditions have changed.
Make a list of those things and confront them.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #673,569
  • Aug 5, 2022 4:27am Aug 5, 2022 4:27am
We have to realize that some winning trades are just lucky trades and had nothing to do with our skill as a trader.
By the same token, we will also experience the bad luck of having prices make a sudden and unexpected move against us.

Stay humble
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #673,570
  • Aug 5, 2022 4:32am Aug 5, 2022 4:32am
Quoting Theoak
1.2140 looks like a key zone to me. I' quite bearish based on the higher timeframes, so will wait for downward pressure.
Short in at 1.2133
Don't trade what you think. Just what you see!!!
  • #673,571
  • Aug 5, 2022 4:32am Aug 5, 2022 4:32am
Quoting Pat Chiko
We have to realize that some winning trades are just lucky trades and had nothing to do with our skill as a trader. By the same token, we will also experience the bad luck of having prices make a sudden and unexpected move against us. Stay humble
I class all my trades as follows;

1. Good trade (ie obeyed all entry, risk, trade management, and exit rules of the particular repeating set-up) - Good result
2. Bad trade ( ie did not obey all entry, risk, trade management, and exit rules of the particular repeating set-up)- Good result
3. Good trade - Bad result
4. Bad trade - Bad result
Trader with an Edge.
  • #673,572
  • Aug 5, 2022 4:34am Aug 5, 2022 4:34am
Quoting Pat Chiko
GU follow the money{image}
GU

Three hours to NFP

Three hours to scalping.

Lets get this done.

Attached Image (click to enlarge)
Click to Enlarge Name: gu 311.jpg Size: 252 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #673,573
  • Aug 5, 2022 4:34am Aug 5, 2022 4:34am
Quoting Whale
Again with extra space for SL {image}
Sl on +5
4h showing the first step to hell.
  • #673,574
  • Aug 5, 2022 4:36am Aug 5, 2022 4:36am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 23 KB
yes yes yes
  • #673,575
  • Aug 5, 2022 4:38am Aug 5, 2022 4:38am
...updated chart (pink zones = prev 30min sw hi zone only = prev res = pot rbs first, then a prev 30min sw lo zone only = prev supp = pot supp.)

1hr below
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 15 KB
Trader with an Edge.
  • #673,576
  • Aug 5, 2022 4:40am Aug 5, 2022 4:40am
Quoting ScalaFX
Im selling GU this 2155, will add higher when go there till 2200, I think we can drop today some, I telling yesterday Im not trading today but that adrenaline push me to do this
All set protected
People don't plan to lose. They lose because they don't plan.
  • #673,577
  • Aug 5, 2022 4:44am Aug 5, 2022 4:44am
Quoting Whale
{quote} Sl on +5 4h showing the first step to hell.
Closeed three Longs from yesterday +48 +44 +6 Too choppy and bears showing their presence.
  • #673,578
  • Aug 5, 2022 4:45am Aug 5, 2022 4:45am
Quoting JereMi256
{quote} Me too, the levels mentioned were so important to me.
In some ways it’s nice that the broker didn’t hit stops up there for whoever had them, but given my entire strategy is based on key levels this is pretty inexcusable.

only decent brokers are tied to Swiss banks anyway.
  • #673,579
  • Aug 5, 2022 4:45am Aug 5, 2022 4:45am
Quoting Headland
{quote} I class all my trades as follows; 1. Good trade (ie obeyed all entry, risk, trade management, and exit rules of the particular repeating set-up) - Good result 2. Bad trade ( ie did not obey all entry, risk, trade management, and exit rules of the particular repeating set-up)- Good result 3. Good trade - Bad result 4. Bad trade - Bad result
Note to your point is on Traders that "married into a position" get locked out when it completely reverse trends.

Wise man wisdom is........
"You can lose money chasing women
But you'll never lose women chasing money."

I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #673,580
  • Aug 5, 2022 4:53am Aug 5, 2022 4:53am
My TP is out as far as 2066
if there’s another range under the market, we’re going to have to get there
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