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Cable Update (GBPUSD)

  • #675,221
  • Aug 12, 2022 3:00am Aug 12, 2022 3:00am
Cloved my GU buy with minus $105. It gave me profit but didn't see because I had to see a patient. Well, I sold EU and made back $155. So I am overall up today. I think GU is heading for at least 2130.
  • #675,222
  • Aug 12, 2022 3:00am Aug 12, 2022 3:00am
Long @ 21709

Good luck all folks!
God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #675,223
  • Aug 12, 2022 3:01am Aug 12, 2022 3:01am
Quoting MIKKI
Why is pound falling this morning data was not a red sticker ..any info please will help
it was a red sticker event. Although the Uk did better than expected the gdp has dropped for the 3rd consecutive month with warnings of a recession
Insane in the Brain..
  • #675,224
  • Aug 12, 2022 3:04am Aug 12, 2022 3:04am
Quoting LvMMT
Long @ 21709 Good luck all folks! God bless everyone!
Brave
  • #675,225
  • Aug 12, 2022 3:05am Aug 12, 2022 3:05am
Quoting Reverso
{quote} Nice, I can see the Short scenario playing out now, convincingly breaking below, after about 6 mins the m15 candle closes, I will enter Short, with high confidence.
I don't like the way the candle pull all the way back up at the last minute, but technically still a valid entry because it closed below Daily lower key level.

Entered Short a moment ago, entry 1.21810, SL 1.22066, TP 1.21426.

With the long down wick in my entry candle, there is potential for price to reverse a V bottom to the upside from here, continuing the Range play.
But for now, my position is in profit, I will continue to monitor the price structure of the candles after my entry to see if my confidence erodes, a firm close below 1.21769 put my mind at ease, that level is the support for the ranging trend.
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  • #675,226
  • Aug 12, 2022 3:07am Aug 12, 2022 3:07am
Well my cheeky buy trade cleared out in +1 profit.
Didn't honestly think it was going to get anywhere post news TBH, but it was looking close to target anyway.
Going to stay out. It's Friday and we're probably dropping down into a range from which we can throw buy trades on... but we will see next week.

I'm just going to hang around a bit to see if there's a clean reversal back into bull behaviour in the next 15 minutes. I'm doubtful though.
  • #675,227
  • Aug 12, 2022 3:08am Aug 12, 2022 3:08am
Quoting Reverso
{quote} I don't like the way the candle pull all the way back up at the last minute, but technically still a valid entry because it closed below Daily lower key level. Entered Short a moment ago, entry 1.21810, SL 1.22066, TP 1.21426. With the long down wick in my entry candle, there is potential for price to reverse a V bottom to the upside from here, continuing the Range play. But for now, my position is in profit, I will continue to monitor the price structure of the candles after my entry to see if my confidence erodes, a firm close below 1.21769...
Your TP will hit. Give it time.
  • #675,228
  • Aug 12, 2022 3:09am Aug 12, 2022 3:09am
Cheers guys my TP hit, cashed out ! ..made nice from sell
Blank and Empty
  • #675,229
  • Aug 12, 2022 3:11am Aug 12, 2022 3:11am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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yes yes yes
  • #675,230
  • Aug 12, 2022 3:11am Aug 12, 2022 3:11am
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.

Good to know your doing well. Love to hear such stories. Cheers and more pips to you
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #675,231
  • Aug 12, 2022 3:12am Aug 12, 2022 3:12am
Quoting Theoak
Should you target or trail? Now that is a question!!!
Thats a good question. Still looking for the answer!
Face 'ur fears & tame 'ur greed
  • #675,232
  • Aug 12, 2022 3:12am Aug 12, 2022 3:12am
Short in at 1.2176 target 1.2145
Don't trade what you think. Just what you see!!!
  • #675,233
  • Aug 12, 2022 3:13am Aug 12, 2022 3:13am
Quoting Mitiblotch
{quote} 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.
Yes, this is very true......
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #675,234
  • Aug 12, 2022 3:13am Aug 12, 2022 3:13am
Quoting Mitiblotch
{quote} Your TP will hit. Give it time.
Are you bogdanoff? Looks like bogdanoff has taken over your body for a minute to type this reply to me, yes mi lord, sacrifice a drop of blood i shall.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 50.4%
  • #675,235
  • Aug 12, 2022 3:14am Aug 12, 2022 3:14am
Trade closed. Only one Trade today. Now rest and then exercise. Have a nice week everyone
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There is nothing wrong with being kind & loving to each other
  • #675,236
  • Aug 12, 2022 3:16am Aug 12, 2022 3:16am
Quoting Reverso
{quote} I don't like the way the candle pull all the way back up at the last minute, but technically still a valid entry because it closed below Daily lower key level. Entered Short a moment ago, entry 1.21810, SL 1.22066, TP 1.21426. With the long down wick in my entry candle, there is potential for price to reverse a V bottom to the upside from here, continuing the Range play. But for now, my position is in profit, I will continue to monitor the price structure of the candles after my entry to see if my confidence erodes, a firm close below 1.21769...
Happy to announce the next candle after my entry cleared the Ranging support, the trade's safe rating has increased.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 50.4%
  • #675,237
  • Aug 12, 2022 3:16am Aug 12, 2022 3:16am
Quoting JereMi256
{quote} Thats a good question. Still looking for the answer!
Me2

If you don't know your target how can you back test?

I do both has I find trailing gives you a powerful tool .... psychologically safe!!
Don't trade what you think. Just what you see!!!
  • #675,238
  • Aug 12, 2022 3:17am Aug 12, 2022 3:17am
Quoting Mitiblotch
{quote} I have known of this for years now. But it seems the best broker to me. Never had slippages to worry about. Even in very sharp market moves my orders are rejected. I have traded over $30,000 (not my personal funds) in the past and never had any issues with them as regards withdrawal or any such thing. Right now, withdrawals are instant, even when I do multiple in a day or week. Other brokers I have tried always had issues with slippage. I'd like to note that it was the UK alpari that had issues. Currently FXTM (started using them in 2017)...
Yea, this is one of my first 5 brokers, their withdrawal is instant
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #675,239
  • Aug 12, 2022 3:19am Aug 12, 2022 3:19am
Yen making a comeback? I think it's safe to say dreams of 145 USD/JPY is over...where is ScalaFX and his 125 TP?
  • #675,240
  • Aug 12, 2022 3:21am Aug 12, 2022 3:21am
Quoting Robinhood1
USDCHF. Bottoming now 0.9380/85 Major low
Expecting to add on its way to 0.9900
POSTMASTER
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