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Cable Update (GBPUSD)

  • #674,861
  • Aug 11, 2022 5:24am Aug 11, 2022 5:24am
Quoting Mitiblotch
This is what I have made today from short scalps. Even had the luxury of withdrawing $20 for frivolities. I can now rest until after US PPI data. My broker must be livid. {image}
Nice work Miti
  • #674,862
  • Aug 11, 2022 5:26am Aug 11, 2022 5:26am
Quoting T721
{quote} Nice work Miti
Thank you Tee.
  • #674,863
  • Aug 11, 2022 5:27am Aug 11, 2022 5:27am
Quoting Mitiblotch
{quote} Yes, it's indeed peanuts for them. However, I just funded this account with $311 and currently now close to $2000 in less than 2 weeks. I have also withdrawn about $167. This account I only take high probability trades and trade it with fibs. I use FXTM.

Damn son, i'm on a losing spree since last week scalping but the worst was yesterday night...
  • #674,864
  • Aug 11, 2022 5:28am Aug 11, 2022 5:28am
Long 1.2204

Manual SL and TP
Face 'ur fears & tame 'ur greed
  • #674,865
  • Aug 11, 2022 5:36am Aug 11, 2022 5:36am
...reached a prev 30min sw hi zone = prev res = pot rbs
-----------------------
breaking till data

1hr below
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Trader with an Edge.
  • #674,866
  • Edited 6:31am Aug 11, 2022 5:42am | Edited 6:31am
Quoting jayvicious
{quote} Damn son, i'm on a losing spree since last week scalping but the worst was yesterday night...
Keep tweaking until you get a system that works. For me, when I used to have loosing streaks then, what helped me was that I switched to the 4hr timeframe to get signals. Look at some of Pat Chiko's notes. I don't use them but he has excellent methods. You can grab one or two and stick to it. No trades except everything aligns. And when you pull the trigger divide your lots. Bank 20 pips and hold the rest so even if price returns you would have made something.

Little profits pile up and give you confidence.

Cheers.
  • #674,867
  • Aug 11, 2022 5:44am Aug 11, 2022 5:44am
...it was silly to keep any short positions on gbpusd etc open during data y/day because the forecasts were all pointing to a drop in inflation...yes forecasts can be, and are, wrong sometimes, but it's all we have, pre-data, to go on, The greater probability was with the forecasts, and that is what came to pass y/day. Personally, I am generally always flat going into big data unless stop is at entry+ (to allow for any slippage,) and the forecast consensus is with that trade (s.)
Trader with an Edge.
  • #674,868
  • Aug 11, 2022 5:47am Aug 11, 2022 5:47am
Quoting jayvicious
{quote} Damn son, i'm on a losing spree since last week scalping but the worst was yesterday night...
check the thread i started, some good learning info there for you
  • #674,869
  • Aug 11, 2022 5:53am Aug 11, 2022 5:53am
Quoting donfriday
{quote} i short 1.2225 sl 50 tp 50

SL on BE
MY OPINION NOT FINANCIAL ADVISE
  • #674,870
  • Aug 11, 2022 5:55am Aug 11, 2022 5:55am
Quoting Headland
...it was silly to keep any short positions on gbpusd etc open during data y/day because the forecasts were all pointing to a drop in inflation...yes forecasts can be, and are, wrong sometimes, but it's all we have, pre-data, to go on, The greater probability was with the forecasts, and that is what came to pass y/day. Personally, I am generally always flat going into big data unless stop is at entry+ (to allow for any slippage,) and the forecast consensus is with that trade (s.)

yup should have cut my losses earlier in the day..
Insane in the Brain..
  • #674,871
  • Aug 11, 2022 6:06am Aug 11, 2022 6:06am
rn 1.22000
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yes yes yes
  • #674,872
  • Aug 11, 2022 6:07am Aug 11, 2022 6:07am
Gbpjpy tp 161.400. At tp go long
  • #674,873
  • Aug 11, 2022 6:08am Aug 11, 2022 6:08am
Quoting JereMi256
Long 1.2204 Manual SL and TP
Added 1.22
Face 'ur fears & tame 'ur greed
  • #674,874
  • Aug 11, 2022 6:08am Aug 11, 2022 6:08am
Usdjpy tp 132.100. At tp go long
  • #674,875
  • Aug 11, 2022 6:09am Aug 11, 2022 6:09am
Quoting Mitiblotch
{quote} Yes, it's indeed peanuts for them. However, I just funded this account with $311 and currently now close to $2000 in less than 2 weeks. I have also withdrawn about $167. This account I only take high probability trades and trade it with fibs. I use FXTM.
why did you close your $17 billion account , going from $1000 to $17 billion was fun.
  • #674,876
  • Aug 11, 2022 6:10am Aug 11, 2022 6:10am
meanwhile
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  • #674,877
  • Aug 11, 2022 6:17am Aug 11, 2022 6:17am
Quoting JereMi256
{quote} Added 1.22
Closed all at small loss. Waiting for news

1.22 is a weak support.
Face 'ur fears & tame 'ur greed
  • #674,878
  • Aug 11, 2022 6:27am Aug 11, 2022 6:27am
Breaking 1.2250 target long 1.2400
Breaking 1.2180 target short 1.2000
simple stop setup
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  • #674,879
  • Aug 11, 2022 6:32am Aug 11, 2022 6:32am
Quoting voeltoez
Breaking 1.2250 target long 1.2400 Breaking 1.2180 target short 1.2000 simple stop setup {image}
Seems we are stuck in the middle… Uk data tomorrow could have cause movements
Insane in the Brain..
  • #674,880
  • Aug 11, 2022 6:36am Aug 11, 2022 6:36am
scalp done. I'm out
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