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Cable Update (GBPUSD)

  • #704,401
  • Nov 7, 2022 1:24am Nov 7, 2022 1:24am
Quoting Lbrto
{quote} Is the current uptrend still on wave 2? I'm kinda confused how to categorize it. Thanks!
If your not familiar with EW i would stay away from it. its like opening a can of worms tbh. much easier ways to trade. If i went back in time i would not have studies EW
  • #704,402
  • Nov 7, 2022 1:26am Nov 7, 2022 1:26am
Quoting Indiara
{quote} When it comes to taking profit, it can be a balancing act. Do we close manually at (say) +23 when our TP is set for +35 because the price is faltering and may go back on us? Or do we consider the price to be just 'breathing' and wait for the +35 TP to be hit? If we close early and price continues to TP without us, we *could* be upset with ourselves. But what if we close early with +23 and price goes back to +0 or worse? We will be happy with ourselves for taking what was on offer, and not being greedy to get every last pips, and ending up...

Hi Indi, i hope you are well.
Thanks for the mention, yaaaaaaaaaaaaaaaaaay.
1st, i take money based off stats, this is almost guaranteed profit. ( nothing in forex is 100% guaranteed).
i could quite easily let a trade run and add on or whatever but i dont as i do not need to. I am only playing these days.
2nd, U/J we had an inside bar followed by an outside bar on the 4 hour.
Trade well.
t 07-26
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #704,403
  • Nov 7, 2022 1:26am Nov 7, 2022 1:26am
Quoting Indiara
{quote} When it comes to taking profit, it can be a balancing act. Do we close manually at (say) +23 when our TP is set for +35 because the price is faltering and may go back on us? Or do we consider the price to be just 'breathing' and wait for the +35 TP to be hit? If we close early and price continues to TP without us, we *could* be upset with ourselves. But what if we close early with +23 and price goes back to +0 or worse? We will be happy with ourselves for taking what was on offer, and not being greedy to get every last pips, and ending up...
trade with 2 small positions. bank one and let the other one run but also put a profit lock on it. So lets say we all trade with 1$. take 2 x 50cent positions.
  • #704,404
  • Nov 7, 2022 1:28am Nov 7, 2022 1:28am
Quoting T721
{quote} trade with 2 small positions. bank one and let the other one run but also put a profit lock on it
Yes, that's another way of doing it
I am neither brave nor stupid...I am just a part time trader
  • #704,405
  • Nov 7, 2022 1:29am Nov 7, 2022 1:29am
Quoting billytt
{quote} Hi Indi, i hope you are well. Thanks for the mention, yaaaaaaaaaaaaaaaaaay. 1st, i take money based off stats, this is almost guaranteed profit. ( nothing in forex is 100% guaranteed). i could quite easily let a trade run and add on or whatever but i dont as i do not need to. I am only playing these days. 2nd, U/J we had an inside bar followed by an outside bar on the 4 hour. Trade well. t 07-26
Hi billytt

I nearly put a Buy trade on UJ. Not sure why I didn't because Kuroda San is not going interfere at this level.

Never mind, is early days yet
I am neither brave nor stupid...I am just a part time trader
  • #704,406
  • Nov 7, 2022 1:31am Nov 7, 2022 1:31am
Quoting Indiara
{quote} When it comes to taking profit, it can be a balancing act. Do we close manually at (say) +23 when our TP is set for +35 because the price is faltering and may go back on us? Or do we consider the price to be just 'breathing' and wait for the +35 TP to be hit? If we close early and price continues to TP without us, we *could* be upset with ourselves. But what if we close early with +23 and price goes back to +0 or worse? We will be happy with ourselves for taking what was on offer, and not being greedy to get every last pips, and ending up...
I have a habit of really studying the wick on the M15, when you watch it really closely you get a feeling as to to whether it really wants to turn or whether you say it is taking a breather and will continue up or down. Study closely though not 100%
  • #704,407
  • Nov 7, 2022 1:34am Nov 7, 2022 1:34am
Quoting Indiara
{quote} When it comes to taking profit, it can be a balancing act. Do we close manually at (say) +23 when our TP is set for +35 because the price is faltering and may go back on us? Or do we consider the price to be just 'breathing' and wait for the +35 TP to be hit? If we close early and price continues to TP without us, we *could* be upset with ourselves. But what if we close early with +23 and price goes back to +0 or worse? We will be happy with ourselves for taking what was on offer, and not being greedy to get every last pips, and ending up...
I let price hit either TP or SL, HH HL/LL LH those are my rules and if any of the rules is violated it's only then I exit manually but I do take higher timeframe into context since higher timeframe pullbacks are lower timeframe trends.
Plan your trades and trade your plan.
  • #704,408
  • Nov 7, 2022 1:36am Nov 7, 2022 1:36am
Quoting elbert3
{image}{image}so carefull if your sleeping you don’t go into a big lot long and it carry’s on short and you find your in big lose .
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bring the pp down now . Let’s see if it hits the x .. as I said careful chasing gaps with to bigger lots for your account to handle
  • #704,409
  • Nov 7, 2022 1:38am Nov 7, 2022 1:38am
Nice 32 pips this morning
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  • #704,410
  • Nov 7, 2022 1:41am Nov 7, 2022 1:41am
...38.2% fri lo-hi reached @ current dly lo
Trader with an Edge.
  • #704,411
  • Nov 7, 2022 1:44am Nov 7, 2022 1:44am
Quoting Yngwie
Sold 1.1328 SL 1.1353 & Buy limit 1.1260/80 area
waiting
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #704,412
  • Nov 7, 2022 1:44am Nov 7, 2022 1:44am
Quoting Indiara
{quote} Hi billytt I nearly put a Buy trade on UJ. Not sure why I didn't because Kuroda San is not going interfere at this level. Never mind, is early days yet
t 07-43 uk time.
If i had to place a trade on UJ, it would be long off that outside bar high at = 14734
i know price is above there now, and it isnt after the event info, lol
t 07-44
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #704,413
  • Nov 7, 2022 1:45am Nov 7, 2022 1:45am
Entered long at 1.13000 area
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yes yes yes
  • #704,414
  • Nov 7, 2022 1:48am Nov 7, 2022 1:48am
...on paper at least looks like a lot of pot sbr for bulls to get thru but they are minor swings that created them. We'll see if tested.

1hr below
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Trader with an Edge.
  • #704,415
  • Nov 7, 2022 1:51am Nov 7, 2022 1:51am
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flip rule apply might jus keeping 1 short trade cashed it 2
  • #704,416
  • Nov 7, 2022 1:53am Nov 7, 2022 1:53am
Quoting billytt
{quote} t 07-43 uk time. If i had to place a trade on UJ, it would be long off that outside bar high at = 14734 i know price is above there now, and it isnt after the event info, lol t 07-44
I can't remember the last time I had a Buy trade on UJ.....perhaps Kuroda San has frightened me out of it!!!
I am neither brave nor stupid...I am just a part time trader
  • #704,417
  • Nov 7, 2022 1:57am Nov 7, 2022 1:57am
Quoting Indiara
{quote} I can't remember the last time I had a Buy trade on UJ.....perhaps Kuroda San has frightened me out of it!!!
i hat to Long Cable a but i do and i hate sto short Dax, <<<< only ever once lol.
t 07-57
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #704,418
  • Nov 7, 2022 2:07am Nov 7, 2022 2:07am
I have a Buy on GU again

Edit: SL added at 1.12720


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I am neither brave nor stupid...I am just a part time trader
  • #704,419
  • Nov 7, 2022 2:09am Nov 7, 2022 2:09am
come on !!!!
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yes yes yes
  • #704,420
  • Nov 7, 2022 2:12am Nov 7, 2022 2:12am
cable does not meet my trading condition, but found eu suitable
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