Cable Update (GBPUSD)

well done Mr. NAVK.

It works for you.

It was good that I exited longs before news prior to London open.

The buy was temporary as weekly was sell.

mt4 closed.

Chatting window open.

BEEN RIDING THIS BEAR FROM LONDON OPEN HEEEYYEEE...NOW WHEN DO I GET OFF...supp @.47

from 1.21000 to 1.22000

you should took profit at 1.21000 , rn and adr low and daily s3

buy limit at 1.21 executed, waiting for bull or bull$hit

I really don’t see this rocketing back up.
It’s going to have to range first, and even then there’d have to be significant pullback to change direction.

now go to 1.2060

Yes, everything I do, the way I am shaped, there are reasons behind it. I am very against of myself making the same mistakes many times, and I will find ways to make sure mistakes don't happen again.

I think you are asking if I would exit my trade if there is a high impact news coming.
"Someone said to me on here that the likes would not effect his charts!" - I think that someone you referring to is me myself, I remember saying those words.

For me, this is how I handle high impact news:
1. If I don't have entry yet, and news is coming, I do nothing, and see if there is any valid setup after the dust settles.
2. If I have ongoing trade, but it is not making much profit or loss, I will hold on to it, the high impact news will push it to TP or SL, I believe if I chose the direction correctly beforehand, the news most likely will just go to that correct direction anyway, hitting my TP fast. Of course sometimes the news instantly push me to SL, it's fine. You win some, you lose some. I can't just totally avoid news because almost every day has news, I am not scalping, my average holding time per position is few hours, SL pips average 30 to 50 pips, they are not easy to hit, the news will do the job to hit my TP or SL.
3. If I have ongoing trade very near TP, and news is coming out soon, I don't think I want to risk the news instantly hitting my SL because I want a full TP. I will exit manually.
4. NFP is a special case, it caused me pain before, not touching NFP again, it's just 1 day in a month, I am fine not trading for 1 day.

data is good for us...should go below 120,87

I was -15 Euro's before the news, now I am at 0..
This may be my new strategy, who knows..

Selling Euro against everything got me in slight profit actually.. Hahahah
Closed All at around 0. Not bad considering I was -150 pips down before the news

Aight.. that would be for today, insanity wise..

don't be greedy . you already lost 20 pips
price is at 1.21200
the data are priced in

Closed at zero Im done for this week, target met, happy weekend folks

just like i said

I wonder why everyone is forcing buys when it's been selling since London.

Trade carefully. Allow the market show you its hands before acting.

Avoid dashing brokers money made during the week.

Kind regards,

RD

Won’t see 12050 however a drop below 121 could still happen

Cheers bro !

Emm... Sometimes it becomes rife predicting just how long (All Morning currently, as you pointed) and how far the dropping knife must go. .2100 is a good place psychologically too.

Eurgbp long at 0.84700

moved stop loss to 1.21 and will wait to see what happens before the weekend