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Is it just me or is cable acting random? 44 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Cable has indeed taken everyone by surprise , Wednesday market up and down as usual
Quoting Robinhood1
We have to admire these members who get such brilliant profits. They are surely not using Mt4/5 and their indicators or maybe pure mathematics which is the best.
No, sometimes losees come from inconsistency trade. Afraid of what other trader did predicted.
And somtimes winning also pure luck because of inconsistent candle .
Some trade by just feeling by the way
Math is just base, fundamental not count in
Mustaqim Alfarabi, Road To +2900
MC Master Pips Today: -1,289
The drop beyond the pivot looks convincing, I took Short, 2nd trade for the day.

Entry 1.20471, SL 1.20826, TP 1.19938.
I would monitor and keep an Alarm if price reversed and reached 1.20626, I might want to exit prematurely and switch to Long, a close at around that 1.20626 will mean V shaped recovery to the upside and bounced off support.

EDIT: the chart could also be interpreted as, the green candle with long up wick that caused my 1st SL today, didn't managed to close above Pivot, subsequent candles are all red until 1 of the red candle gave me a concrete Short by closing reasonably below Pivot, it is also the lowest candle close so far in the day, yes I mentioned shouldn't give too much weight to today's pivot since price keep ranging around here, but it is worth mentioning the price action leading to my Short. It's like the upper end of pivot are all retest and unable to close above. The candle that lead to my Short is reasonably distanced from the relatively tight range of the Pivot, giving enough space for SL I think, thus I am still using upper end of pivot as SL. Let's see if FOMC drive the price down to my TP.
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GBPUSD only, M15 timeframe only. Fixed SL (-2.50%) & TP (+3.75%), R/R: 1.5x
Quoting Robinhood1
{quote} Pivots? from where? calculated from a chart that is not showing all prices? no ofense, just my 2 cents
Not sure what is your question, if you are asking what is the current pivot, it is 1.20626 - 1.20826, pivot is calculated by using HLC from previous day.
If you are saying I am talking about pivot without attaching my chart, then I am sorry for not providing visual aid.
GBPUSD only, M15 timeframe only. Fixed SL (-2.50%) & TP (+3.75%), R/R: 1.5x
Quoting JereMi256
Boring PA waiting for news. I hate that it's giving bulls false hope of slaughter.
Bulls were warned!
This is the last warning...
Looking for the ...
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Indicators on my chart help me guess the trade they do not guarantee result
Quoting Reverso
{quote} One way to look at this, is that the market stopped trending for now, my system is based on trend continuing, so if I am starting to hit SL more often, that means I need to switch my mindset to a more active one, draw support and resistance and try to trade bounces while still trying to respect at least the Pivot in my system if needed, basically Range mode on, use my head more to think and trade.
That nice it is not much risk i think,
I only use reversal/retrace trade to take few pips and sometimes float some big pips while that happen may burn account and very risky friday and yesterday(closed today) my big loss. And shit price this time at my open sell yesterday, but if i didnt cut today at -50pis, i will be mc ed
Im thinking trying another method this week
Mustaqim Alfarabi, Road To +2900
MC Master Pips Today: -1,289
At a wedding today and have totally missed the action. Long at 12057 will tp when I get some phone reception
Quoting Reverso
{quote} Not sure what is your question, if you are asking what is the current pivot, it is 1.20626 - 1.20826, pivot is calculated by using HLC from previous day. If you are saying I am talking about pivot without attaching my chart, then I am sorry for not providing visual aid.
HLC from previous day may not always be true as charts differ from one source to another. When you shoot the duck at the fairgrounds, the scopes are expressly crooked. I am not saying that the charts are rigged always but at moments where most trader converge. AI knows when this is. I don´t really have a solution but just my 2 cents. According to interbank fx, gbpchf made low at 1.1313 yesterday. Which Low do most of you have. I have finished with this issue, just wanted to mention it for reflection.
Nikola Tesla 6 & 9
whats up with EURCAD?
Mostly Scalps and rarely few swings
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Quoting ScalaFX
Starting buying for 2150 first active 2047 few pendings till 1980
Ok, few opened, more waiting, till now I have a fingers pain
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People don't plan to lose. They lose because they don't plan.
Quoting Moty
{image}
FOMC min would break that support level
Trade at good levels or no trade at all!
Quoting Fardeen1209
{quote} FOMC min would break that support level
Fomc will not change much today.
not a special event.
Insolvent
Quoting Inthebox
{quote} still shorting. {image}
new york session
short again.
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ITB - Seeking Orderliness amongst 'Randomness'
Quoting voeltoez
{quote} key level to more down is 1.2023...if bounce..we will see 1.2300 this week... if break..welcoming 1.1900 and 1.1800 next week
okay key level touched...lets buy cable..target 1.2200..stoploss 1.2000
~ Keep Calm and Trade Carefully ~
GBP/USD
Quoting voeltoez
{quote} okay key level touched...lets buy cable..target 1.2200..stoploss 1.2000
A lot of people are trapped in the buy so addition more position without a sure confirmation will be too risky
i think FOMC gonna DUMP EUr ...cuz Eur looking like overbought
Mostly Scalps and rarely few swings
Quoting buffedmage
i think FOMC gonna DUMP EUr ...cuz Eur looking like overbought
Yeah, I could call it Opening Bell of FOMC session with the most volatile market.
Adjust everything for yourself, but with the automation of this.
Dow
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