Short again 1294. TP 1230. Please don't follow me! These are extreme measure trades!
1
Cable Update (GBPUSD)
- #686,681
- Sep 22, 2022 6:38am Sep 22, 2022 6:38am
- Joined Sep 2017 | Status: Trader | 11,251 Posts | Online Now
- #686,682
- Sep 22, 2022 6:40am Sep 22, 2022 6:40am
- Joined Sep 2018 | Status: Trader | 11,173 Posts
{quote} With this lot in charge who knows!!!
37 years ago
PA Return Today:
na
- #686,683
- Sep 22, 2022 6:40am Sep 22, 2022 6:40am
- Temporarily Suspended | Joined Jul 2021 | 3,677 Posts
More time in the market, does not mean you trade better!
- #686,684
- Sep 22, 2022 6:42am Sep 22, 2022 6:42am
- Joined Oct 2020 | Status: Trader | 14,017 Posts
Insane in the Brain..
- #686,685
- Sep 22, 2022 6:43am Sep 22, 2022 6:43am
- Joined Aug 2022 | Status: Waiting in the long grass | 1,394 Posts
{quote} Your UJ still running?
It would have worked out, but was going back and then NY opening soon I thought it best to take the pips and not be greedy. I'm learning!!
I am neither brave nor stupid...I am just a part time trader
- #686,686
- Sep 22, 2022 6:45am Sep 22, 2022 6:45am
{quote} I don't know a lot about it, but you are quite right, Frankfurt often goes one way, and when London arrives, it goes the other way. We can see it often. I don't know why, but this is one reason that I try to not enter trades in Frankfurt time, unless I have a very good reason to do it. Mostly I wait until London has settled and then see if there is anything to pounce on
- #686,688
- Sep 22, 2022 6:46am Sep 22, 2022 6:46am
- Joined Aug 2022 | Status: Waiting in the long grass | 1,394 Posts
{quote} This phaenomena is the reason why the London-breakout-reverse strategy works. There is a breakout strategy that is based on the fact,that the first brake out during the one hour between Frankfurt and London opening is faded, and in the middle of the range the contrary position is entered when price reverses after the London opening...
That is very interesting. Thank you
I am neither brave nor stupid...I am just a part time trader
- #686,689
- Sep 22, 2022 6:48am Sep 22, 2022 6:48am
- Temporarily Suspended | Joined Jul 2021 | 3,677 Posts
UJ entry
Before BOJ intervention, It was already in a weekly supply zone
Many said Volume dont matter in FX, imo it matters, if you compare vol from London or NY to Asia it doesnot make sense.
But comparing VOL from London to London or NY to NY or Asia to Asia it worked not perfectly but majority of the time.
Using Volume-price Analysis make thing very interesting,
Simple rule of VPA
Higher the Vol wider the Price candle body should be for a normal combination
Higher vol but narrower candle body= anomalies. And Thats our job to look for, where the anomalies occurred and trade.
Before BOJ intervention, It was already in a weekly supply zone
Many said Volume dont matter in FX, imo it matters, if you compare vol from London or NY to Asia it doesnot make sense.
But comparing VOL from London to London or NY to NY or Asia to Asia it worked not perfectly but majority of the time.
Using Volume-price Analysis make thing very interesting,
Higher the Vol wider the Price candle body should be for a normal combination
Higher vol but narrower candle body= anomalies. And Thats our job to look for, where the anomalies occurred and trade.
More time in the market, does not mean you trade better!
- #686,690
- Sep 22, 2022 6:56am Sep 22, 2022 6:56am
- Joined Nov 2021 | Status: I'm colorful and happy | 1,261 Posts
The price will drop maybe from this area. But I don't close the trade & I don't do reverse trade either. That's enough for today. This additional trade may not have the chance to achieve the targets. Bye until Monday . Have a nice weekend 
There is nothing wrong with being kind & loving to each other
- #686,691
- Sep 22, 2022 7:00am Sep 22, 2022 7:00am
- Joined Sep 2022 | Status: Trader | 2,296 Posts
Closed my short and went long after the break because I went and check eurusd it was in range.
Exhausted 
- #686,693
- Sep 22, 2022 7:06am Sep 22, 2022 7:06am
- Joined Sep 2022 | Status: Trader | 2,296 Posts
{quote} This phaenomena is the reason why the London-breakout-reverse strategy works. There is a breakout strategy that is based on the fact,that the first brake out during the one hour between Frankfurt and London opening is faded, and in the middle of the range the contrary position is entered when price reverses after the London opening...
And I recently experienced it. Wasnt pleasant though
Exhausted
- #686,694
- Sep 22, 2022 7:08am Sep 22, 2022 7:08am
I allways keep things very simple, maybe cause i am "simple-minded"
So if i take a fast look just at the one hour chart- its clear that the tendency is more down than up - these last up-hours seem to be short-lived. As in 30 minutes there are job data released, i wait what will happen....
So if i take a fast look just at the one hour chart- its clear that the tendency is more down than up - these last up-hours seem to be short-lived. As in 30 minutes there are job data released, i wait what will happen....
- #686,695
- Sep 22, 2022 7:14am Sep 22, 2022 7:14am
- Joined Sep 2022 | Status: Trader | 2,296 Posts
...anyone get it? ----------------------- Breaking/Finishing here. 1min then 1hr below {image} {image}
Exhausted
- #686,696
- Sep 22, 2022 7:16am Sep 22, 2022 7:16am
- Joined Aug 2022 | Status: Waiting in the long grass | 1,394 Posts
USDX is still looking down, so I put a Buy on GU
I am neither brave nor stupid...I am just a part time trader
- #686,697
- Sep 22, 2022 7:17am Sep 22, 2022 7:17am
- Joined Dec 2017 | Status: Trader | 30,688 Posts
yes yes yes
- #686,698
- Sep 22, 2022 7:17am Sep 22, 2022 7:17am
- Joined Sep 2022 | Status: Trader | 2,296 Posts
{image}{image}
Exhausted
- #686,699
- Sep 22, 2022 7:18am Sep 22, 2022 7:18am
- Joined Jun 2013 | Status: enjoying life | 23,868 Posts
- #686,700
- Sep 22, 2022 7:25am Sep 22, 2022 7:25am
- Joined Aug 2022 | Status: Waiting in the long grass | 1,394 Posts
USDX is still looking down, so I put a Buy on GU
I am neither brave nor stupid...I am just a part time trader