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Cable Update (GBPUSD)

  • #681,841
  • Sep 8, 2022 1:59am Sep 8, 2022 1:59am
sma 20 on daily chart eurusd is the only resistance

otherwise macd has a very strong divergence

before ecb rate hike quit any uj trade because f EJ action
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  • #681,842
  • Sep 8, 2022 2:07am Sep 8, 2022 2:07am
Gbpjpy short tp 164.990. Long at tp
  • #681,843
  • Sep 8, 2022 2:08am Sep 8, 2022 2:08am
Gold 1723 short
  • #681,844
  • Sep 8, 2022 2:11am Sep 8, 2022 2:11am
Quoting Georginson
{quote} A dump will happen if price is trading at daily high 5 minutes before the release, if not the price will shoot up by 60 - 80 pips immediately after the news before going back down.
Opening trade on report is not my type, Everything is so cool, until the market gap from your stop loss, thats when the real fun starts.

On some event i did enjoy it, but my positions were already on, 5-6 hours before the event when i see clearly what is happening and expect to happen on release
Sometime its not that clear, stay i better stay out.

As for today, i expect a dump, since i think the 75bps is already priced in.
But it might also only a part of 75bps had been priced in, so when ECB Hike 75bps, today it might fully priced in.

The probability is reduced to 50/50, from a higher probability for a dump when i see GOLD has strong buying pressure (At time of writing) at that resistance level.

However, US10Y is preparing itself for another leg up(also at time of writing)
More time in the market, does not mean you trade better!
  • #681,845
  • Sep 8, 2022 2:17am Sep 8, 2022 2:17am
Quoting Indiara
{quote} My trade is protected by SL now, so trade is free
My protecting SL is under threat now. Perhaps this trade won't work out, but is a free trade, so it's ok.
I am neither brave nor stupid...I am just a part time trader
  • #681,846
  • Sep 8, 2022 2:19am Sep 8, 2022 2:19am
the previous low was broken, so i had quit my short here
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  • #681,847
  • Sep 8, 2022 2:20am Sep 8, 2022 2:20am
Quoting Indiara
{quote} My protecting SL is under threat now. Perhaps this trade won't work out, but is a free trade, so it's ok.

It just touched my SL and closed my trade. What a pity. There is is time for more trading if the market is good though

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I am neither brave nor stupid...I am just a part time trader
  • #681,848
  • Sep 8, 2022 2:24am Sep 8, 2022 2:24am
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yes yes yes
  • #681,849
  • Sep 8, 2022 2:25am Sep 8, 2022 2:25am
At liquidity all long
  • #681,850
  • Sep 8, 2022 2:27am Sep 8, 2022 2:27am
Quoting ScalaFX
Good morning GU long scalp 1506 no SL no TP
Added 1490
People don't plan to lose. They lose because they don't plan.
  • #681,851
  • Sep 8, 2022 2:30am Sep 8, 2022 2:30am
London opened, daily pivot located at the lower side of my key levels, which means bullish bias for today, no action required to my ongoing Long trade, although the trade is taking a beating now, only about 40% TP now.

Will exit this ongoing Long if price closed below daily pivot level 1.14722, most likely with a small profit remaining, or a tiny loss if dropped harder.
Then enter Short after that, SL 1.15115.

If yesterday's daily pivot served as a roadblock preventing me from reaching full TP (stopped me at 90% TP), then today's daily pivot should also prevent price from breaking below it, that's the assumption for now, there's no certainty in forex.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 51.0%
  • #681,852
  • Sep 8, 2022 2:37am Sep 8, 2022 2:37am
Quoting eyefeelsix
{quote} I'm off guard to take partial-close on the orange zone, today from win to loss on GU I have to accept it. I have no idea to re-entry atm, we are on the sellside liquidity monthly support, scary deep price fall is possible. to me 1375 is maximum price for buy ( bullish reversal medium to long-term trading ) {image}
scalp day, -6p I take the risk --- reentry @the same level if sl broken

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https://breakpullback.com
  • #681,853
  • Sep 8, 2022 2:40am Sep 8, 2022 2:40am
Quoting Reverso
London opened, daily pivot located at the lower side of my key levels, which means bullish bias for today, no action required to my ongoing Long trade, although the trade is taking a beating now, only about 40% TP now. Will exit this ongoing Long if price closed below daily pivot level 1.14722, most likely with a small profit remaining, or a tiny loss if dropped harder. Then enter Short after that, SL 1.15115. If yesterday's daily pivot served as a roadblock preventing me from reaching full TP (stopped me at 90% TP), then today's daily pivot should...
Most likely bounce zone destination is 1.1566 - 1.1588 as far as 1.1410 holds.

Bought at 1.1490 target is 1.1560.

Second buy limit at 1.1430, target at 1.1490...
Data + Stat + Risk/Emotions Management
  • #681,854
  • Sep 8, 2022 2:42am Sep 8, 2022 2:42am
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yes yes yes
  • #681,855
  • Sep 8, 2022 2:43am Sep 8, 2022 2:43am
Guys any classical music/instrumental(mostly piano) suggestion to listen when trading?

I'll go first:
1. Liszt- La Campanella
2. Mozart: Clarinet Concerto
3. Beethoven- Fur Elise

These melody helps tho!
More time in the market, does not mean you trade better!
  • #681,856
  • Sep 8, 2022 2:46am Sep 8, 2022 2:46am
Quoting Georginson
{quote} Most likely bounce zone destination is 1.1566 - 1.1588 as far as 1.1410 holds. Bought at 1.1490 target is 1.1560. Second buy limit at 1.1430, target at 1.1490...
Blessing received, my TP is just slightly lower than your target, if you're right, it also means i'm right
Hope things work out for us Longs, right now i can see price stopped taking a beating and stalling / rejecting off my lower key level, a bullish engulfing close after this can add some confidence.

With that said, still marrying to my trade from yesterday, TP or SL, no in between.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return: 51.0%
  • #681,857
  • Sep 8, 2022 2:49am Sep 8, 2022 2:49am
Quoting eyefeelsix
{quote} scalp day, -6p I take the risk --- reentry @the same level if sl broken {image}
No waves count?
  • #681,858
  • Sep 8, 2022 2:51am Sep 8, 2022 2:51am
Gbpjpy at liquidity
  • #681,859
  • Sep 8, 2022 2:52am Sep 8, 2022 2:52am
Quoting Indiara
{quote} It just touched my SL and closed my trade. What a pity. There is is time for more trading if the market is good though {image}

I still like my UJ analysis, so I took another entry. My pea brain can't help itself

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I am neither brave nor stupid...I am just a part time trader
  • #681,860
  • Sep 8, 2022 2:56am Sep 8, 2022 2:56am
Quoting Fardeen1209
Guys any classical music/instrumental(mostly piano) suggestion to listen when trading? I'll go first: 1. Liszt- La Campanella 2. Mozart: Clarinet Concerto 3. Beethoven- Fur Elise These melody helps tho!
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