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Cable Update (GBPUSD)

  • #696,241
  • Oct 14, 2022 2:57am Oct 14, 2022 2:57am
T 08-55 UK TIME.
Cable 15 minute chart just copied.

once price enters back into that 08-00 to 08-15 15 minute range.
You can still trade the breakout again. my bias is still short.
This can still fail. i am not trading it as i have already got my %%% . just saying.
Attached Image (click to enlarge)
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t 08-57
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #696,242
  • Oct 14, 2022 2:58am Oct 14, 2022 2:58am
Quoting navk
I may start buying on averaging method.
I kept buying...

Yes, started buying in the liquidity grab area.

Added more score to my tally.. 240 bucks this time.

Now will wait.

Nothing to do.

I did 1.7 %. already today. why in hurry ? what is there to be greedy
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Intraday only.
  • #696,243
  • Oct 14, 2022 2:59am Oct 14, 2022 2:59am
Quoting Waveskierrob
{quote} Morning Bird, In this scenario I would SHORT again no TP no SL and still have 1x LONG with TP no SL, then close SHORTS x 3 at BE or you can let them run until the 3x SHORTS are in the profit that matches the loss on your LONG, this is just one option, hence why I say play around with it and ask yourself the question "what would I do", some of my trades go on for months however I always making money hedging, P/L is always in the red something you will have to get use to believe me it's hard to get your head around it at first but you do get...
Like me
WARNING: This post warps space and time in its vicinity.
  • #696,244
  • Oct 14, 2022 3:00am Oct 14, 2022 3:00am
FLB strategy
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 10 KB
yes yes yes
  • #696,245
  • Oct 14, 2022 3:01am Oct 14, 2022 3:01am
Come on need to see a drop below todays pivot towards S1. Long way to go lol
Insane in the Brain..
  • #696,246
  • Oct 14, 2022 3:02am Oct 14, 2022 3:02am
Quoting BeeTogether
Come on need to see a drop below todays pivot towards S1. Long way to go lol
This may happen during NY session.
Intraday only.
  • #696,247
  • Oct 14, 2022 3:02am Oct 14, 2022 3:02am
Quoting Indiara
{quote} Yes, this is a bad habit of mine, to not take what's on offer to me, even though I know I should. I'm trying to get this into my tiny brain, and I will keep trying
I am curious ,how you plan your trades!?
  • #696,248
  • Oct 14, 2022 3:03am Oct 14, 2022 3:03am
No Asian and London session for me today,
Will be back for NY.
We have Retail sales and Consumer sentiment, which both are expected to fall.
Therefore, good for GU
More time in the market, does not mean you trade better!
  • #696,249
  • Oct 14, 2022 3:05am Oct 14, 2022 3:05am
Quoting navk
{quote} This may happen during NY session.
hope so, 1 ) I can recoup some of my losses 2) yesterdays rise seems unexplained US data was very good where as UK nothing to show. Was expecting a drop below 109 instead it went against my logic
Insane in the Brain..
  • #696,250
  • Oct 14, 2022 3:14am Oct 14, 2022 3:14am
Quoting Indiara
{quote} Big candle! Trade is protected now {image}
SOLD at EMA10,
TP 100 pips = 1.1200
SL -23 pips

will protect at +50
Attached Image (click to enlarge)
Click to Enlarge Name: GU 14OCT.png Size: 3 KB
  • #696,251
  • Oct 14, 2022 3:15am Oct 14, 2022 3:15am
Quoting Bella.al
{quote} Position Closed for +102 Pips Profit.
After yesterday's good rally, things are currently not clear at my end .

Pivot : 1.12550.

I am standing aside till Monday.
Attached Image (click to enlarge)
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Goddess of Thunder..
  • #696,252
  • Oct 14, 2022 3:15am Oct 14, 2022 3:15am
Quoting BeeTogether
{quote} hope so, 1 ) I can recoup some of my losses 2) yesterdays rise seems unexplained US data was very good where as UK nothing to show. Was expecting a drop below 109 instead it went against my logic
What is your logic and stop loss plan?
  • #696,253
  • Oct 14, 2022 3:15am Oct 14, 2022 3:15am
Quoting shad4u2
{quote} Hi, Sorry for your loss could you please tell why SL is larger than TP is this your style and how you handle it if trade goes against you. Best wishes. Thank You. $
The loss of Monday and Tuesday profit is now recovered, so I have a little profit for the week. Even a little profit is good and these setbacks are not too hard to recover from, even if it takes a few days. Now you have seen the whole picture as I see it too
I am neither brave nor stupid...I am just a part time trader
  • #696,254
  • Oct 14, 2022 3:16am Oct 14, 2022 3:16am
GU Short
My telegram: https://t.me/avidforex
  • #696,255
  • Oct 14, 2022 3:16am Oct 14, 2022 3:16am
Trying another Sell on GU

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 114 KB
I am neither brave nor stupid...I am just a part time trader
  • #696,256
  • Oct 14, 2022 3:16am Oct 14, 2022 3:16am
Quoting Waveskierrob
{quote} Morning Bird, In this scenario I would SHORT again no TP no SL and still have 1x LONG with TP no SL, then close SHORTS x 3 at BE or you can let them run until the 3x SHORTS are in the profit that matches the loss on your LONG, this is just one option, hence why I say play around with it and ask yourself the question "what would I do", some of my trades go on for months however I always making money hedging, P/L is always in the red something you will have to get use to believe me it's hard to get your head around it at first but you do get...
valuable info, thank you.

so that also means that you need a long breath, so the leverage should be very low.

what is your edge? only hedging or also market knowledge like price action?
trading is like dancing, don't think and just listen to the music!
  • #696,257
  • Oct 14, 2022 3:17am Oct 14, 2022 3:17am
Quoting yelena
{quote} SOLD at EMA10, TP 100 pips = 1.1200 SL -23 pips will protect at +50 {image}

Very nice
I am neither brave nor stupid...I am just a part time trader
  • #696,258
  • Oct 14, 2022 3:19am Oct 14, 2022 3:19am
Quoting Indiara
{quote} Yes, this is a bad habit of mine, to not take what's on offer to me, even though I know I should. I'm trying to get this into my tiny brain, and I will keep trying
Same I have the same problem, sometimes I expect too much and overstretched my tp areas.
30% of my losses are mainly due to this.
Couldve just taken 15 pips and run but I wanted to wait for 20 pips ended up reversal in less than 5 mins.
Exhausted
  • #696,259
  • Oct 14, 2022 3:20am Oct 14, 2022 3:20am
Quoting vulcann1
{quote} What is your logic and stop loss plan?
I don’t really use SLs unless I’m protecting a trade. The logic is simple great US data yesterday could lead to a higher rate rise which is stronger USD. No UK data , the potential u-turn in mini budget and also BoE stopping the bond buying adds to GBP uncertainty. Therefore overall GU should be going and definitely not going up like it did yesterday by over 250 pips
Insane in the Brain..
  • #696,260
  • Oct 14, 2022 3:24am Oct 14, 2022 3:24am
Quoting BigNumbers
GU Short

Price will trade short back to the dynamic support first.. which is about 90pips, when it gets there the algorithm will determine what next..

Good luck
Attached Image (click to enlarge)
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My telegram: https://t.me/avidforex
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