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Cable Update (GBPUSD)

  • #674,001
  • Aug 8, 2022 7:37am Aug 8, 2022 7:37am
Quoting navk
ok, having missed the opportunity to long around 2050, shorting is just for scalping. Few pips. Not in the direction of day candle.
The daily you are looking at will surely turn to wick
  • #674,002
  • Aug 8, 2022 7:41am Aug 8, 2022 7:41am
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  • #674,003
  • Aug 8, 2022 7:43am Aug 8, 2022 7:43am
Back to home, entered Long about 1 hour+ ago.

Entry 1.21053, SL 1.20735, TP 1.21529

Rationale: price bounced off daily pivot and didn't break through it multiple times today, also supported by 2-week pivot, the placement of daily pivot is more biased towards lower side of the range and price stays above it, it is assumed the price will not break below.
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https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 50.4%
  • #674,004
  • Aug 8, 2022 7:44am Aug 8, 2022 7:44am
Quoting PatienceFx
{image}
Same price same lot , the diff i dont have TP/SL
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #674,005
  • Aug 8, 2022 7:44am Aug 8, 2022 7:44am
Quoting TonyHoney
{quote} The daily you are looking at will surely turn to wick
That is why one must use stop loss.

Expecting major trend to continue without a break also leads to hitting stop loss.

And as some one said, the price tested daily pivot in London and bounced.

What is next ?
Intraday only.
  • #674,006
  • Aug 8, 2022 7:46am Aug 8, 2022 7:46am
Quoting LvMMT
All closed... whait for short... {image} Good luck all folks! God bless everyone!
I had 3 short ones
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now I have moved to long...
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God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #674,007
  • Aug 8, 2022 7:47am Aug 8, 2022 7:47am
Quoting turnip15
Yes, a good start to cable this morning. Wish all days had this formation ( Dax and Euro -5 minutes - had similar chart pattern) {image}
Whoops ! Wrong thread -apologies.
every Saint has a past. Every Sinner has a Future
  • #674,008
  • Aug 8, 2022 7:58am Aug 8, 2022 7:58am

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The Aussie is on fire
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yes yes yes
  • #674,009
  • Aug 8, 2022 8:01am Aug 8, 2022 8:01am
Quoting Wavegarrick
{quote} Hi Guys, I will not become demeaning to any trader whether scalper or long term trader. Yes it is true that I marry my trades, but I do it for a good reason. Suffer in rangy periods and prosper in trendy conditions. My style is not for everyone and I respect each and every member here. We have touched the 50% retracement level at 1.20256 of the 3 week swing low to high. My future weekly pivot currently at 1.21175 ish for a test next week at least. Here's the thing, we have another week left for the mid point...
Price currently dead on with my weekly pivot at 1.21202 and I have opened a sell trade, however there is a big but. If price breaks through my previous weekly pivot at 1.21275 just above I will look to close my sell trades.
Have a great week,
Cheers.
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Trade to trade another day
  • #674,010
  • Aug 8, 2022 8:02am Aug 8, 2022 8:02am
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  • #674,011
  • Aug 8, 2022 8:06am Aug 8, 2022 8:06am
Quoting Wavegarrick
{quote} Price currently dead on with my weekly pivot at 1.21202 and I have opened a sell trade, however there is a big but. If price breaks through my previous weekly pivot at 1.21275 just above I will look to close my sell trades. Have a great week, Cheers. {image}
Touched and away she goes. Hopefully sustained drop now.
  • #674,012
  • Aug 8, 2022 8:07am Aug 8, 2022 8:07am
I am short and I lows will happen. Why? Because I am short. The market obeys me.

I wish I had such ability.
  • #674,013
  • Aug 8, 2022 8:12am Aug 8, 2022 8:12am
Quoting Mitiblotch
I am short and I lows will happen. Why? Because I am short. The market obeys me. I wish I had such ability.
Your pronouns must be "Lord of Forex" and "Market Master."
LOL
Tall tails tell tales.
  • #674,014
  • Aug 8, 2022 8:14am Aug 8, 2022 8:14am
Today movement really work with just macd and stockhastic
Buy under 20 sell above 80 ,
If this going to work everyday, we will be rich

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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #674,015
  • Aug 8, 2022 8:15am Aug 8, 2022 8:15am
Quoting Mitiblotch
I am short and I lows will happen. Why? Because I am short. The market obeys me. I wish I had such ability.
It must fall bcos there was M pattern on the same horizontal line/61.8% fibo level on m5, m15, m30 and H1 at the same time.
  • #674,016
  • Aug 8, 2022 8:16am Aug 8, 2022 8:16am
__________ No time to post Live charts , these will B my cable LIVE trades !

sell stop @20735 , TP1 @2060 , TP2 @2030 , TP3 @2000
Don’t focus on making $$$, focus on protecting what you have.
  • #674,017
  • Aug 8, 2022 8:23am Aug 8, 2022 8:23am
4h candle looking good with an hour and some change left. i pulled my stop in. shooting for lows.
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be a thinker before being a reacter
  • #674,018
  • Aug 8, 2022 8:25am Aug 8, 2022 8:25am
Quoting Georginson
Sold at 1.2116 Second sell limit at 1.2135 Third sell limit at 1.2150 Target 1.1900 Stop at 1.2218.
1st Entry from 1.2116 exited at 1.2110...

I will make the second entry become the first 1.2135 and 1.2160 in case it gets there..

Reason, new 4 hours candle just formed and daily range still below 100 pips.
Data + Stat + Risk/Emotions Management
  • #674,019
  • Aug 8, 2022 8:32am Aug 8, 2022 8:32am
Been short since Friday as I believe we have not finished the drop. A huge drop always has an element of elasticity hence the up but it needs to correct to 1195-120 area
Insane in the Brain..
  • #674,020
  • Aug 8, 2022 8:32am Aug 8, 2022 8:32am
Quoting Mitiblotch
I am short and I lows will happen. Why? Because I am short. The market obeys me. I wish I had such ability.
When i almost MC, i continue to think like that

_________
And now im waiting higher to make short
maybe at 2130 or more, or just when indicator reach top will scalp 5-10 pips
10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
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