Cable Update (GBPUSD)
{quote} i tend not to look at news or anything like that, maybe if NFP is around but that is several hours after the uk open,. The more you think the more chance you have top lose. Speaking NFP, i do sometimes trade the retrace after any spike or quick move. That is a fun thing to do. Trade well.
I see Cable long from this moment 1.1166, going above 1.1385 today, monday at the most.
HEDGING Just want to understand how hedging works Note : I never hedge, I only use Stop Loss or/and Averaging Up. ( adding more position) Assuming buyer keep on accumulating rising (on the left) still holding position. How they can hedge position now ?. As time goes, their balance is depleting and if not careful, all will be gone. Chart Below on GU.{image} I see price may want to fill up all gap below, as structurally has broken to the bear side now. Last two day saw bear moved 365 pips, with tomorrow NFP, this may go down another 300 pips Anyone...
{quote} Yes, I was just being silly as his remarks will be received by the market just like snow flakes in a fry pan!
GU short 1.11809 - 5 pip SL
Pls don’t drop without me this time chart with my logic path from earlier {image}
{quote} Hi Sohail, good morning and wishing you all is well over there. As usual you have a very good sense of what price want to do in finding liquidity. Many , many of your post are reference to finding those level. A person with a very good perspective..You don't use terms like LQ grab, dumb money, LQ sweep, S&D, S&R et cetera, but you give a very nice price level for me to look for sweet spot. Thanks for sharing those with me (I'm not trying to convince everyone here to agree). A word from me as buddy is we are allowed to make mistakes...
{image}great candle swop . That’s also a good hedge moment . Bones would of liked that one
{quote} ..again Hedging can't be told needs practice and experience but here's a little basic exercise to try out on demo, BUY/SELL @ same price no SL, 1 pip TP both ways when one hits and closes, place that same trade on again, repeat all day, remember just an exercise, if anybody tries this out, please post you findings....
