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Cable Update (GBPUSD)

  • #701,981
  • Oct 31, 2022 1:40am Oct 31, 2022 1:40am
...there is a repeating pattern of bearish hidden div on dly (valid whilst under 1738,) and on the wkly too (just,) and this may stay valid whilst under 2293.
Trader with an Edge.
  • #701,982
  • Oct 31, 2022 1:41am Oct 31, 2022 1:41am
Quoting Indiara
{quote} Thank you Mr Wolf. It's certainly worth trying. It will be an interesting adventure, no matter what happens
Go for it! Support you have!
  • #701,983
  • Oct 31, 2022 1:46am Oct 31, 2022 1:46am
...quick dip below the prev minor 1hr sw lo zone to the daily pivot and asc t/line, where support has been found. It was maybe a stop hunt on that zone with the dip just below it? A 1hr bullish-bodied hammer in the making? Let's see.

1hr below
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Trader with an Edge.
  • #701,984
  • Oct 31, 2022 2:21am Oct 31, 2022 2:21am
t 07-19 am UK time.
Hi all, i hope everyone has had a good weekend.

Cable. my bias right now is short, until the 00-00 to 04-00 high is broken at 11613 and then it will be long.
Same as last week and before. i am trading off the 07-45 to 08-00 15 minute bar and hopefully trade off the 08-00 to 08-15 bar, for a quick big scalp.

Our UK times where adjusted over the weekend but it doesnt affect us.
Trade well all.
t 07-21
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #701,985
  • Oct 31, 2022 2:21am Oct 31, 2022 2:21am
Quoting Pat Chiko
{quote} Hey Martinez, try this. (indi below, not mine but play with it) Finger cross just want to show off, not sharing. Don't show if you dont want to share. It's called phishing. {file} {file}
Thank you Pat. Am just seeing this now. more Luv brother, Your too good
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #701,986
  • Oct 31, 2022 2:22am Oct 31, 2022 2:22am
Gbpusd short currently, going long at 1.15776
  • #701,987
  • Oct 31, 2022 2:26am Oct 31, 2022 2:26am
15M and 30M Short. Hourly same if it closes like this.
Home during London..

GBP/JPY 172.12..was..
Monthly R at 174.80..
  • #701,988
  • Oct 31, 2022 2:35am Oct 31, 2022 2:35am
Very well could be Franky and London pushin' Sell and then Long until Fed/BoE..

Rumours say BoE will not be able to raise by 75bps as it would cause to great of a shock to already suspect situation.
Rumours say BoE will raise by 50bps.
They will rather choose weaker Pound than recession it seems.
  • #701,989
  • Oct 31, 2022 2:37am Oct 31, 2022 2:37am
[quote=Indiara;14202467]Yaaaaay, I got to finish at a more or less normal time today! I went into work on Satuday to help re-organise the rosters, and it went well. Hello friends, I hope that you all had a good weekend of fun and laughter I tried to work out a spreadsheet that not only is just to see where my could be at any point in the future that I choose, but also to have input of the startin


Hi, we had another inside bar on U/J 4 hour chart last Fri uk time<<<<<
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #701,990
  • Oct 31, 2022 2:38am Oct 31, 2022 2:38am
Quoting Indiara
Yaaaaay, I got to finish at a more or less normal time today! I went into work on Satuday to help re-organise the rosters, and it went well. Hello friends, I hope that you all had a good weekend of fun and laughter I tried to work out a spreadsheet that not only is just to see where my could be at any point in the future that I choose, but also to have input of the starting balance and then compounding the lots size based on the account balance. I also wanted to be able to input the exact number of pips gained at the end of the day, or lost...
Hope you dont mind a comment on this
I am missing your Stop Loss management in this setup.

Lets say you have an account of 10.000 and you are risking 1%, then you can use 100 $.
In your setup you will be buying 0.01 lots, which in essence means a stop at 1000 pips.
You can do that, it gives you enormous room for draw down.

But if you can place your Stoploss effciently it will determine your Lot size.
So same setup but now i will place a stop:
10.000 account, risk 0.01 > 100$ risk.
Looking at the chart i think a 20 pip stop is a good place for my Stoploss (e.g. above a fractal or an SR level).
Now your lot size becomes:
100/20/10= 0.5 lots.
Your risk is the same in $ amount but your reward is alot more.

So your $$ risk is the same (1%) but as your SL varies your Lot size varies too.
Risk-management is not just how much you are willing to use from your account but also at what level you are willing to take a loss.

If you use MT4 its fairly easy to make an indi that calculates the above.
in wondering about yourself, you forgot what you came here to be part of
  • #701,991
  • Oct 31, 2022 2:39am Oct 31, 2022 2:39am
Quoting TheWolf
Very well could be Franky and London pushin' Sell and then Long until Fed/BoE.. Rumours say BoE will not be able to raise by 75bps as it would cause to great of a shock to already suspect situation. Rumours say BoE will raise by 50bps. They will rather choose weaker Pound than recession it seems.
Hi TheWolf
That's true, 50bps seems likely.
I live in the future
  • #701,992
  • Oct 31, 2022 2:39am Oct 31, 2022 2:39am
Morning target this week 10 ema on the day chart
  • #701,993
  • Oct 31, 2022 2:41am Oct 31, 2022 2:41am
[quote=billytt;14202556]
Quoting Indiara
Yaaaaay, I got to finish at a more or less normal time today! I went into work on Satuday to help re-organise the rosters, and it went well. Hello friends, I hope that you all had a good weekend of fun and laughter I tried to work out a spreadsheet that not only is just to see where my could be at any point in the future that I choose, but also to have input of the startin Hi, we had another inside bar on U/J 4 hour chart last Fri uk time<<<<< Trade well.
I was too tired to trade on Friday. It was a crazy week for me, but this week should be more settled
I am neither brave nor stupid...I am just a part time trader
  • #701,994
  • Oct 31, 2022 2:42am Oct 31, 2022 2:42am
GU 4H chart
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!! Radha Radha !!
  • #701,995
  • Oct 31, 2022 2:43am Oct 31, 2022 2:43am
Quoting knkie
{quote} Hope you dont mind a comment on this I am missing your Stop Loss management in this setup. Lets say you have an account of 10.000 and you are risking 1%, then you can use 100 $. In your setup you will be buying 0.01 lots, which in essence means a stop at 1000 pips. You can do that, it gives you enormous room for draw down. But if you can place your Stoploss effciently it will determine your Lot size. So same setup but now i will place a stop: 10.000 account, risk 0.01 > 100$ risk. Looking at the chart i think a 20 pip stop is a good...
Thank you

Yes, there is lot's to think about before I attempt this, and it will be good to find the best approach before I begin
I am neither brave nor stupid...I am just a part time trader
  • #701,996
  • Oct 31, 2022 2:45am Oct 31, 2022 2:45am
Gold short tp 1638
  • #701,997
  • Oct 31, 2022 2:48am Oct 31, 2022 2:48am
Quoting elbert3
Morning target this week 10 ema on the day chart

It is good to avoid trading when tired unless it trading is mechanical like my way.<<<<< (no thinking) lol.
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #701,998
  • Oct 31, 2022 2:49am Oct 31, 2022 2:49am
imo only, long to 1.1685
sl below 1.1561 for this outlook.
  • #701,999
  • Oct 31, 2022 2:57am Oct 31, 2022 2:57am
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yes yes yes
  • #702,000
  • Oct 31, 2022 3:02am Oct 31, 2022 3:02am
Audusd long at 0.64
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