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Cable Update (GBPUSD)

  • #676,841
  • Aug 19, 2022 3:06am Aug 19, 2022 3:06am
Quoting Reverso
{quote} Mi Lord, what is your SL? your TP is quite tight, i guess your SL is even tighter? Might want to copy you once to end my losing streak, im doing so bad lately.
You need to relax and refresh your mind. Don't put the losses to mind. I'm over 1000% on my account from $311 to $3500 in 3 weeks. But that doesn't mean I never had bad runs in the past. Take some time and tweak your trading style.

I mentioned to you before to check ADR, pivots, session highs and lows, session flows etc. These are simple concepts. My trading decisions are made up of complex reasoning processes involving many considerations so copying me may not be the best. As to your question, my SL is below 1893. I just know somehow that that Asian high will be taken out.

But you can copy Pat Chiko whose charts are good. He also copies Moty. And Moty copies his indicators. Lol... just joking.
  • #676,842
  • Aug 19, 2022 3:09am Aug 19, 2022 3:09am
Quoting Reverso
A close below lower key level 1.18884 (M15 timeframe) i will enter short, close below this level also means broken long term pivot, daily pivot is also located up providing resistance, overall is a high confidence trade. A rejection from upper key level 1.19321 or from daily pivot lower end 1.19514 also qualifies as valid Shorts, but need to be wary of bouncing back once it reaches end of long term pivot. Safest Short still is the close below 1.18884 one.
Got notified by alarm that the lower end of long term pivot is again breached, the safe Short scenario is looking more and more likely.

Safe short entry will be a close below 1.18884 in M15, SL 1.19196, likely entry materialized in a few candles.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 50.4%
  • #676,843
  • Aug 19, 2022 3:12am Aug 19, 2022 3:12am
Quoting thatRichDude
{quote} Okay, at least i told you beforehand the prices that need to be taken out for buys... There's a large pool of liquidity at 18902, I'm thinking that may get wiped. This is just my opinion nothing else Kind regards, RD
I am very aware of that pool. I just don't have to wait to enter to the very pip. I have pending longs waiting just below that pool. It stays until we take out 1936.

Thanks for the warning.
  • #676,844
  • Aug 19, 2022 3:12am Aug 19, 2022 3:12am
Quoting Theoak
{quote} Short 1.1910 target 2o pips sl 1.1930

Bingo bongo... Happy days!!!!
Don't trade what you think. Just what you see!!!
  • #676,845
  • Aug 19, 2022 3:15am Aug 19, 2022 3:15am
Quoting ScalaFX
Next pendings 1890 1880 1870
This ones are huge I think I going with good side od market, when hit my target I will be no more trading this month, lets see
People don't plan to lose. They lose because they don't plan.
  • #676,846
  • Aug 19, 2022 3:16am Aug 19, 2022 3:16am
Quoting thatRichDude
{quote} Okay, at least i told you beforehand the prices that need to be taken out for buys... There's a large pool of liquidity at 18902, I'm thinking that may get wiped. This is just my opinion nothing else Kind regards, RD



I said it!!!

If you can't see the liquidity then, YOU are the liquidity. At least I warned Mitchblotch. No one listens.

Kind regards,

RD
  • #676,847
  • Aug 19, 2022 3:16am Aug 19, 2022 3:16am
Quoting Mitiblotch
{quote} You need to relax and refresh your mind. Don't put the losses to mind. I'm over 1000% on my account from $311 to $3500 in 3 weeks. But that doesn't mean I never had bad runs in the past. Take some time and tweak your trading style. I mentioned to you before to check ADR, pivots, session highs and lows, session flows etc. These are simple concepts. My trading decisions are made up of complex reasoning processes involving many considerations so copying me may not be the best. As to your question, my SL is below 1893. I just know somehow that...
What's your target? Don't believe you!
Don't trade what you think. Just what you see!!!
  • #676,848
  • Aug 19, 2022 3:18am Aug 19, 2022 3:18am
Quoting Mitiblotch
{quote} I am very aware of that pool. I just don't have to wait to enter to the very pip. I have pending longs waiting just below that pool. It stays until we take out 1936. Thanks for the warning.

Why did you FOMO into a buy trade? If you were aware of the pool?

I almost got burned last year september when I tried pursuing a trade. That taught me a lesson.

Kind regards,

RD
  • #676,849
  • Aug 19, 2022 3:20am Aug 19, 2022 3:20am
... 76.4% of the 1759-2293 move reached now.

4hr below
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Trader with an Edge.
  • #676,850
  • Aug 19, 2022 3:21am Aug 19, 2022 3:21am
Quoting Reverso
{quote} Got notified by alarm that the lower end of long term pivot is again breached, the safe Short scenario is looking more and more likely. Safe short entry will be a close below 1.18884 in M15, SL 1.19196, likely entry materialized in a few candles.
Safe short entry materialized quick, in that candle itself, entered Short.

Entry 1.18865, SL 1.19196, TP 1.18367.
This will be my redemption trade, hope this will be the TP that end my losing streak, this is a sky high confidence trade.
Bogdanoff said DUMP IT.

EDIT to lay out the conditions supporting the trade:
1. price no longer stuck in a range since yesterday, broke new lows, switch to using my trend system again
2. long term pivot broken, long term trend officially switch to downtrend
3. daily pivot is up there, giving bearish bias
4. the close below lower key level coincides with broken long term pivot, double the confidence of the entry

Regardless of outcome, this is a perfect trade as per my system rule, win or lose, no regrets.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 26 KB
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 50.4%
  • #676,851
  • Aug 19, 2022 3:21am Aug 19, 2022 3:21am
Quoting Houtbay
We could possibly get to the lower 1.18 hundreds today
Yip and 1410 is 2 big moves down....easly done in the coming weeks
average dude treading water
  • #676,852
  • Aug 19, 2022 3:22am Aug 19, 2022 3:22am
Quoting Theoak
{quote} Bingo bongo... Happy days!!!!
short 1.1904 manual target

Edit
Closed +15 pips
  • #676,853
  • Aug 19, 2022 3:27am Aug 19, 2022 3:27am
Quoting Theoak
{quote} What's your target? Don't believe you!
Which don't you believe? My target? Or that I made $3500 from $311 or that I have a SL?
  • #676,854
  • Aug 19, 2022 3:28am Aug 19, 2022 3:28am
Attached Image (click to enlarge)
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yes yes yes
  • #676,855
  • Aug 19, 2022 3:28am Aug 19, 2022 3:28am
Quoting thatRichDude
{quote} Why did you FOMO into a buy trade? If you were aware of the pool? I almost got burned last year september when I tried pursuing a trade. That taught me a lesson. Kind regards, RD

Best time to scalp a buy!

Kind regards,

RD
  • #676,856
  • Aug 19, 2022 3:33am Aug 19, 2022 3:33am
Quoting thatRichDude
{quote} Why did you FOMO into a buy trade? If you were aware of the pool? I almost got burned last year september when I tried pursuing a trade. That taught me a lesson. Kind regards, RD
Trust me, we trade differently. Session highs and lows are important to me. If I don't buy at my best point I enter with a smaller lot than normal and reserve my main buys as price comes close. I have pending at 1880 and will also add at 1870 -1850 if they come. My hard SL for every buy is kept at 1820 and that is because I have a thing for 1835. Check the chart I posted a couple of hours ago from fxstreet. And if I feel uncomfortable with price I can close put with loss.

No matter how much lessons you learned last year you still lose some. Because, alas, no one has. Not even JP Morgan.
  • #676,857
  • Aug 19, 2022 3:34am Aug 19, 2022 3:34am
Quoting Chris_35
{quote} short 1.1904 manual target
Out the market now. I feel like I'm starting to gamble and get cocky. I can see the bulls getting slaughter today, but will wait for better set-ups. I feel that last trade - I pushed it a bit too much. Yes defo... going to have a break.. Good luck! I'll put some more posts up for a giraffe!!!
Don't trade what you think. Just what you see!!!
  • #676,858
  • Aug 19, 2022 3:37am Aug 19, 2022 3:37am
Oh well, I solemnly hope that we've seen the last of today's low...880
  • #676,859
  • Aug 19, 2022 3:37am Aug 19, 2022 3:37am
Quoting Theoak
{quote} Out the market now. I feel like I'm starting to gamble and get cocky. I can see the bulls getting slaughter today, but will wait for better set-ups. I feel that last trade - I pushed it a bit too much. Yes defo... going to have a break.. Good luck! I'll put some more posts up for a giraffe!!!
On the contrary, they will have some relief. Added long 1.1884, target 1.1994.
Data + Stat + Risk/Emotions Management
  • #676,860
  • Aug 19, 2022 3:40am Aug 19, 2022 3:40am
Quoting Reverso
{quote} Safe short entry materialized quick, in that candle itself, entered Short. Entry 1.18865, SL 1.19196, TP 1.18367. This will be my redemption trade, hope this will be the TP that end my losing streak, this is a sky high confidence trade. Bogdanoff said DUMP IT. EDIT to lay out the conditions supporting the trade: 1. price no longer stuck in a range since yesterday, broke new lows, switch to using my trend system again 2. long term pivot broken, long term trend officially switch to downtrend 3. daily pivot is up there, giving bearish bias...
That's the trouble when you buy hi or sell lo - price is prone to pullbacks, which may turn into deeper pullbacks, or more, and you have to nurse a floating loss until it starts in your direction again (if it does.) Far better to buy lo/sell hi.
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