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Cable Update (GBPUSD)

  • #707,401
  • Nov 15, 2022 11:54am Nov 15, 2022 11:54am
need to wait for candle close for conformation
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yes yes yes
  • #707,402
  • Nov 15, 2022 11:56am Nov 15, 2022 11:56am
Quoting Wavegarrick
{quote} Momentum scalp buy trade added at 1.19002 with intent to lock in quickly. Cheers, {image}
There is talk about averaging in the thread and a good subject. So here is my take with a small example. See chart below. From experience I know that my first trade is usually my worst trade. In stead of taking a tight stop loss I let price go down to a more favorable position and I enter my second trade. This leaves me in a position to reconcile, gather and consolidate my thoughts as opposed to impulse or Fomo ( Fear of missing out) trade decisions. Price bounces up to the mid point of my 2 trades and I have an opportunity to close at breakeven. Since averaging can involve a couple of trades before the move happens I always recommend trading smaller in line with your risk. This is more favorable if you trade short, medium to long term trades. Scalps are usually best for small hard stop losses
since you are trading for smaller profits.
Cheers.
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Trade to trade another day
  • #707,403
  • Nov 15, 2022 12:07pm Nov 15, 2022 12:07pm
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resistance ?
  • #707,404
  • Nov 15, 2022 12:08pm Nov 15, 2022 12:08pm
I think at the moment GU could easily drop to 1.18 maybe till tomorrow LO or NY session but will see how it goes. Also trying for a few pips UCHF long
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  • #707,405
  • Nov 15, 2022 12:14pm Nov 15, 2022 12:14pm
Attached Image (click to enlarge)
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yes yes yes
  • #707,406
  • Nov 15, 2022 12:15pm Nov 15, 2022 12:15pm
On second thought, I may be near closing my trades on GU. WHY?
EURJPY seems to be acting like it's negatively correlated to GBPUSD

The thing is EURJPY is more like a Tripple A+ setup (PAT's phrase for solid setups)
That being said, I am considering closing my GU at 1.185288 retests. (Not the kind of profit I wanted, but better than -1)

I don't have to mention that I will be loading more on EURJPY instead.

Cheers
  • #707,407
  • Nov 15, 2022 12:23pm Nov 15, 2022 12:23pm
Quoting pgidia
{quote} Great enjoy the power of AI
nobody understood what technique i used in todays trade it was the simplest and stupidest of all
  • #707,408
  • Nov 15, 2022 12:28pm Nov 15, 2022 12:28pm
Quoting JayBag
On second thought, I may be near closing my trades on GU. WHY? EURJPY seems to be acting like it's negatively correlated to GBPUSD The thing is EURJPY is more like a Tripple A+ setup (PAT's phrase for solid setups) That being said, I am considering closing my GU at 1.185288 retests. (Not the kind of profit I wanted, but better than -1) I don't have to mention that I will be loading more on EURJPY instead. Cheers

How convenient, both are now surprisingly moving in the same direction?

Man, you gotta love FX
  • #707,409
  • Nov 15, 2022 12:30pm Nov 15, 2022 12:30pm
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loverly entry right of the resistance and added on the way down now to 1800
  • #707,410
  • Nov 15, 2022 12:30pm Nov 15, 2022 12:30pm
Quoting moty
{image}
תשמע אתה מנחוס
  • #707,411
  • Nov 15, 2022 12:32pm Nov 15, 2022 12:32pm
Was there a news that caused this strong movement?
  • #707,412
  • Nov 15, 2022 12:33pm Nov 15, 2022 12:33pm
Quoting Tronis
I think at the moment GU could easily drop to 1.18 maybe till tomorrow LO or NY session but will see how it goes. Also trying for a few pips UCHF long {image} {image}
Closed few and left couple open
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  • #707,413
  • Nov 15, 2022 12:36pm Nov 15, 2022 12:36pm
Quoting Eren10
Was there a news that caused this strong movement?
Stray Russian missiles land in NATO State Poland on Ukraine border.
  • #707,414
  • Nov 15, 2022 12:38pm Nov 15, 2022 12:38pm
Quoting JayBag
{quote} How convenient, both are now surprisingly moving in the same direction? Man, you gotta love FX
I have never been undecided like this in my adult life.
I will just wait for EJ to hit target and will exit on both sides (Since they moving in the same direction NOW, that should work)

Take care gang
  • #707,415
  • Nov 15, 2022 12:40pm Nov 15, 2022 12:40pm
Quoting Whale
{quote} Stray Russian missiles land in NATO State Poland on Ukraine border.
did you say 'Stray'?
I don't touch fundis but this is wild

Does that mean TA traders knew about this before hand?

Yeah, that's me trying to spark a decade old argument about Fundis and TA
  • #707,416
  • Nov 15, 2022 12:45pm Nov 15, 2022 12:45pm
Quoting Whale
{quote} Stray Russian missiles land in NATO State Poland on Ukraine border.
Putin fan boys will tell you America caused it. Yes, America pressed the button for Russian missles and guided it to land on Nato land and also made sure it killed NATO 'citizens'. Putin is sweet; the West is wicked. And when NATO responds with full force of course it will be NATO's fault.

I was contemplating selling EU again and before I could blink it dumped and I missed the short.
  • #707,417
  • Nov 15, 2022 12:45pm Nov 15, 2022 12:45pm
Quoting Whale
{quote} תשמע אתה מנחוס
מישהו כבר אמר לי שבמקומי הוא היה מתאבד , כששמע עליי סיפורים כמה שאני מנחוס
אין דברים כאלה
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שלושה נתפסו ברצף כשהייתי בשורט
רק התהפכתי ללונג וזה מתהפך
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yes yes yes
  • #707,418
  • Nov 15, 2022 12:52pm Nov 15, 2022 12:52pm
Quoting JayBag
{quote} did you say 'Stray'? I don't touch fundis but this is wild Does that mean TA traders knew about this before hand? Yeah, that's me trying to spark a decade old argument about Fundis and TA
Copied the news.. not my words.
  • #707,419
  • Nov 15, 2022 12:52pm Nov 15, 2022 12:52pm
I will be very happy to get back down to Pivot
  • #707,420
  • Nov 15, 2022 12:53pm Nov 15, 2022 12:53pm
Putin not only came out poorly in the war, was defeated like a loser,
then a missile he fired at Ukraine fell in Poland and killed 2 Poles
i am short
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yes yes yes
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