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Cable Update (GBPUSD)

  • #712,521
  • Dec 8, 2022 6:35am Dec 8, 2022 6:35am
Quoting DrDave
{quote} H8 needs to come down. At the moment, I see lower TF rally with resistance at about 1.2185.
Yes daily pivot

so far rejecting it
COT: The precious data ignored
  • #712,522
  • Dec 8, 2022 6:36am Dec 8, 2022 6:36am
Quoting kuroro001
{quote} Its because its converting your gains into dollars, you trade CADJPY (its not dollars), you have currency change Now trade a pair on dollar (EURUSD, GBPUSD) you'll see you won't have any conversion 3050 YEn = 22,4 dollars (with a USDJPY of 136,5 roughly....3050/136,5)
I am trading a dollar account not JPY account, how come my gains are in JPY and converted into dollars, i have been trading for a very long time, hhhhh am even laughing at myself, how come this whole damn time i didn't realize this??
I live in the future
  • #712,523
  • Dec 8, 2022 6:37am Dec 8, 2022 6:37am
Quoting TonyTepeli
{quote} I am trading a dollar account not JPY account, how come my gains are in JPY and converted into dollars, i have been trading for a very long time, hhhhh am even laughing at myself, how come this whole damn time i didn't realize this??
Its because you trade JPY pairs, your gains are in JPY, that you need to convert into USD. Every brokers do that

I have both USD and EUR account, no problem trading EURUSD on the USD account, but on my EUR account its different (not so much because EURUSD is almost parity)
COT: The precious data ignored
  • #712,524
  • Dec 8, 2022 6:39am Dec 8, 2022 6:39am
Let me give you a 100% accurate view, the one-hour TF candle is now green! the next candle will be on the right side of this candle, 100% guarantee!!!
I'm sorry I'm really bored
  • #712,525
  • Dec 8, 2022 6:40am Dec 8, 2022 6:40am
Quoting TonyTepeli
{quote} Dear Jolita, Let me do some further research to make sure am not wrong about this one, And thanks so much for your feedback.
Worth a try. At least they came back to you. The difference what they are saying is an exchange deducted. My brokers spread are deducted prior the entry and exchange addsor deductions are recorded as a separate daily adjustment.
Usually there is deducted exchange difference on sell trades, and profit on longs. But for echample my sell trade on USDTRY earns daily exchange interest.
Read small print.
  • #712,526
  • Dec 8, 2022 6:41am Dec 8, 2022 6:41am
GU long 2173
TP 2224 (50 pips)
SL candle break and close below 2169

UJ short 136.86
TP 136.01 (85 pips)
SL candle break and close above 136.91
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  • #712,527
  • Dec 8, 2022 6:42am Dec 8, 2022 6:42am
Looks like Moty had this one
  • #712,528
  • Dec 8, 2022 6:44am Dec 8, 2022 6:44am
Quoting AlfieSolomon
Price is in 4 hour FVG i exept a rise, pending order hope my order gets filled, there's BOS in the smaller timeframe {image}
Fuck!!
  • #712,529
  • Dec 8, 2022 6:44am Dec 8, 2022 6:44am
Quoting Moty
Pull up Pull up {image}
I doubt that you are applying Trending Market strategy in Ranging Market since 2-3 days. Am I right? Your strategy is not bad, but currently market is not behaving correct way. We should go along with market.
Regards
  • #712,530
  • Dec 8, 2022 6:47am Dec 8, 2022 6:47am
GU above DPP, if its a fake rise...i suspect we'll see below 2100 today
COT: The precious data ignored
  • #712,531
  • Dec 8, 2022 6:49am Dec 8, 2022 6:49am
Quoting kuroro001
{quote} reversing both at 2170 (& 56) & 0495
Taking 15 + 29 (closed 2185) + 25 (0520)
After taking 40 + 25 earlier
COT: The precious data ignored
  • #712,532
  • Dec 8, 2022 6:51am Dec 8, 2022 6:51am
Me looking at my demo acc GU long which I took 3 hours ago.

Interesting. It ranged for 3 hours and now it's up 30 pips.
If only I wasn't driving back to home.

I could've scalp the range.
Exhausted
  • #712,533
  • Dec 8, 2022 6:51am Dec 8, 2022 6:51am
Quoting mysterio
We should see a drop in the NY session. Wait for DXY to make a run on some lows, at least the Frankfurt low and perhaps Wed's NY Low. Short somewhere in the H1 FVG created this morning and short along with the order flow of the day. Wait for confirmation in PA or futures footprint. We're distributing currently, wait for the UTAD then sell. {image}
I started selling.

Frankfurt open price is the highest it will go, imo

edit-- target around 1.2133 minimum
  • #712,534
  • Dec 8, 2022 6:55am Dec 8, 2022 6:55am
Quoting kuroro001
GU above DPP, if its a fake rise...i suspect we'll see below 2100 today
Yeah, From trend line persective, there is still hammer waiting
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10000% Wannabe . -$3000 & -$4000
Gold Recovery All Time Profit: -$3,961
  • #712,535
  • Edited 7:06am Dec 8, 2022 6:55am | Edited 7:06am
Quoting TonyTepeli
Hello guys this is very sensitive things am about to write here so I'll need some useful information from any of you Yesterday i was testing my methodology on CADJPY so i opened up a buy position at 100.170 and closed my position at 100.480 with 0.1 lotsize t , how much profit in dollars should that be?? Please any information will help.
Tony, I don't trade this pair but I checked that 1 pip gain in CADJPY would give me 0.73 USD, confirm with others.
Always trade your own plan...I don't provide trading signals.
  • #712,536
  • Dec 8, 2022 7:00am Dec 8, 2022 7:00am
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  • #712,537
  • Dec 8, 2022 7:01am Dec 8, 2022 7:01am
Quoting TonyTepeli
Hello guys this is very sensitive things am about to write here so I'll need some useful information from any of you Yesterday i was testing my methodology on CADJPY so i opened up a buy position at 100.170 and closed my position at 100.480 with 0.1 lotsize t , how much profit in dollars should that be?? Please any information will help.
Sorry late reply but around $22 based on this calculator
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Exhausted
  • #712,538
  • Dec 8, 2022 7:03am Dec 8, 2022 7:03am
Quoting Elysion
Me looking at my demo acc GU long which I took 3 hours ago. Interesting. It ranged for 3 hours and now it's up 30 pips. If only I wasn't driving back to home. I could've scalp the range.
Set your phone up for trading for next time
  • #712,539
  • Dec 8, 2022 7:03am Dec 8, 2022 7:03am
Short cable at 1.21860
  • #712,540
  • Dec 8, 2022 7:07am Dec 8, 2022 7:07am
Quoting mysterio
{quote} I started selling. Frankfurt open price is the highest it will go, imo edit-- target around 1.2133 minimum
it might try to shake you out, dont worry, just widen your stop and add.
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