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Cable Update (GBPUSD)

  • #679,921
  • Sep 1, 2022 4:09am Sep 1, 2022 4:09am
Quoting BeeTogether
{quote} i would say risky as we seem to be at towards the bottom of the barrel however we have not seen the bounce going upwards to say otherwise
I agree, my Short yesterday hit TP today, just enough downward move to hit TP, price couldn't break any lower and go back up.
Let's see if the Short trade my system suggested me today will turn out well or not, it is rejection from upper key level. Bear Bulls fighting.
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  • #679,922
  • Sep 1, 2022 4:10am Sep 1, 2022 4:10am
Quoting knkie
{quote} Hi Waves i had a question: surely at some point in a trade that goes against your coin flip, you need to cut your losses. What is your trigger for that? Is it a nr of pips or a certain level? thanx
Good question.....I use small lots sizes compared
to my bank size so enables me to sit on trades for longer, also use martingale along with hedging other pairs and indices, I trade my positions not the market so no set price when closed...hope this helps
  • #679,923
  • Sep 1, 2022 4:16am Sep 1, 2022 4:16am
Quoting Matej.FX
{quote} I don't know. I see PA much better at EUR/AUD for example than on EUR/USD. I see where price will potentially return to (last HH) and that's it. The only reason why I closed the trade is because of the London. Just compare these two pairs how they moved yesterday and then tell me which was easier to understand.
You have a valid point but the most obvious answer for your concern is the direct correlation to the super power(USD)

It is from the Major currencies that we pick which direction the crosses will go medium to long term!
Face 'ur fears & tame 'ur greed
  • #679,924
  • Sep 1, 2022 4:18am Sep 1, 2022 4:18am
Quoting Reverso
Entered Short at 1.15953, SL 1.16188, TP 1.15601. DUMP IT. {image}
With the recent price action, repeatedly reject off upper key level with long up wicks, the confidence of the trade has ascended from Normal to High.
It has "no regret" label too.

My TP target is not far away from the recent lowest low, if the continuation is meant to be, it will hit.
Or i will eat the SL and go Long after price closed above my daily pivot 1.16462.

I know going Short now is dangerous, but it is what system tells me, I just follow and hope for the best.
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https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 69.9%
  • #679,925
  • Sep 1, 2022 4:19am Sep 1, 2022 4:19am
Quoting JameRomeo168
{quote} Some senior members need to act as mature to be the role model of junior members instead of bully or harass other people. Thank man you give this kind of member the valuable lesson. He doesn't deserve to be ignored by person whom he has bullied or harassed. He deserve to be banned from this community instead. Our life is not too long as 200 or 500 years. Some will die at 70 or 60 or even lower than 50. Instead of bully or harass other people, we better sharing love and motivate each other.
You are so right buddy. Unfortunately senior members are bullying the most when they have to be a role model. If you ask me these red, orange, yellow flags are useless. Moderators are after clicks, they don't care much about the community.

But no matter where we are; in a forum or in real life, we have to draw a line.
You have to have an IQ higher than 90 to interact with this user.
  • #679,926
  • Sep 1, 2022 4:42am Sep 1, 2022 4:42am
Quoting Nordling
{quote} You are so right buddy. Unfortunately senior members are bullying the most when they have to be a role model. If you ask me these red, orange, yellow flags are useless. Moderators are after clicks, they don't care much about the community. But no matter where we are; in a forum or in real life, we have to draw a line.
Moderators are after clicks, they don't care much about the community.

You nailed it!
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To free Gazans of Hamas, use whatever it takes.
  • #679,927
  • Sep 1, 2022 4:42am Sep 1, 2022 4:42am
consolidation
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yes yes yes
  • #679,928
  • Sep 1, 2022 4:48am Sep 1, 2022 4:48am
We should get some direction soon, again 2 hours before NY open. On the chart I'm getting long vibes, but definitely won't be trading now.
We're also at 1.16 exactly, so going long should be preferable.
  • #679,929
  • Sep 1, 2022 4:56am Sep 1, 2022 4:56am
Quoting Waveskierrob
{quote} Good question.....I use small lots sizes compared to my bank size so enables me to sit on trades for longer, also use martingale along with hedging other pairs and indices, I trade my positions not the market so no set price when closed...hope this helps
excellent.
thnx that does help!
Now i get what you are doing

(as you said in a previous post: there is more to it than a coin flip )

in wondering about yourself, you forgot what you came here to be part of
  • #679,930
  • Sep 1, 2022 4:56am Sep 1, 2022 4:56am
The range today so far is only about 50 pips. I think that I cannot enter unless this range is properly broken. Is a waiting game today.

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I am neither brave nor stupid...I am just a part time trader
  • #679,931
  • Sep 1, 2022 4:57am Sep 1, 2022 4:57am
Based On previous 4Hr I have pending long with 10pips stop
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Read the chart... Fundies are catalyst...
  • #679,932
  • Sep 1, 2022 4:59am Sep 1, 2022 4:59am
Ranging day...Waste of time... stick the bands on and play the range.
Don't trade what you think. Just what you see!!!
  • #679,933
  • Sep 1, 2022 5:07am Sep 1, 2022 5:07am
Quoting knkie
{quote} excellent. thnx that does help! Now i get what you are doing (as you said in a previous post: there is more to it than a coin flip )
My posts demonstrate that you don't need to know direction to make money
  • #679,934
  • Sep 1, 2022 5:17am Sep 1, 2022 5:17am
We are in range session I think NYO should provide more of a move. 2 possible scenarios for the lull ,
1) market is at the bottom and is catching a break before the rise up later this week
2) with the UK political issues to be ironed out by Monday we aren’t going to see an up move till the early next week

for both scenarios it could also go down further as the current support line is being tested continuously
Insane in the Brain..
  • #679,935
  • Sep 1, 2022 5:17am Sep 1, 2022 5:17am
Quoting Reverso
{quote} With the recent price action, repeatedly reject off upper key level with long up wicks, the confidence of the trade has ascended from Normal to High. It has "no regret" label too. My TP target is not far away from the recent lowest low, if the continuation is meant to be, it will hit. Or i will eat the SL and go Long after price closed above my daily pivot 1.16462. I know going Short now is dangerous, but it is what system tells me, I just follow and hope for the best. {image}
With the latest candle close, the confidence level has further ascended from High to Sky High level.
Finally a concrete full and long body of red candle, pointing the direction downwards, ending the ugly ranging long wicks up and down candles.

I hear whispers from the blockchain brothers, they said "Crash It".
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  • #679,936
  • Sep 1, 2022 5:23am Sep 1, 2022 5:23am
Quoting Otiken
{image}

you dont use SL right? you said it yesterday

between you and the person that pick top and bottom is there any difference?
MY OPINION NOT FINANCIAL ADVISE
  • #679,937
  • Sep 1, 2022 5:23am Sep 1, 2022 5:23am
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yes yes yes
  • #679,938
  • Sep 1, 2022 5:25am Sep 1, 2022 5:25am
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  • #679,939
  • Sep 1, 2022 5:31am Sep 1, 2022 5:31am
This is great. Now I definitely know where the price is going tommorow.
  • #679,940
  • Sep 1, 2022 5:32am Sep 1, 2022 5:32am
Quoting Matej.FX
This is great. Now I definitely know where the price is going tommorow.
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