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Cable Update (GBPUSD)

  • #727,061
  • Edited 1:22am Feb 8, 2023 1:11am | Edited 1:22am
Quoting tradexyz
waiting for a break South... shim FE YEN comrades {image} [System Process] 0 TCP desktop-2jckd3s 61700 13.87.188.105 https TIME_WAIT jaws of life augmentation issues silicon valley
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  • #727,062
  • Feb 8, 2023 1:16am Feb 8, 2023 1:16am
Quoting Yngwie
{quote} {quote} Dem close to early. I think price further down nearby 1.2015 and fly after that.
How did you select the price target for the downside?
  • #727,063
  • Feb 8, 2023 1:16am Feb 8, 2023 1:16am
Quoting Yngwie
{quote} closed +5p
this is the game changer

if you make few trades like this every year, you will be the richest man in the world!



congrats
  • #727,064
  • Feb 8, 2023 1:20am Feb 8, 2023 1:20am
Quoting navk
{quote} After LO, after 1 hour candle, most of days you will see previous day high or low broken, then take counter trade. It works. Same way, after tokyo opens, after 1 hr, trade counter, it works.


Hi navk

If Tokyo already beeaks previous days hi/lo and reverses, do you expect LO + 1HR to repeat this again?
Also do you take the reverse trade on the break or do you look for a particular reverse trigger?

Thanx in advance!
in wondering about yourself, you forgot what you came here to be part of
  • #727,065
  • Feb 8, 2023 1:22am Feb 8, 2023 1:22am
Quoting knkie
{quote} Hi navk If Tokyo already beeaks previous days hi/lo and reverses, do you expect LO + 1HR to repeat this again? Also do you take the reverse trade on the break or do you look for a particular reverse trigger? Thanx in advance!
Yes, i take reverse trade after LO + 1 hour
Intraday only.
  • #727,066
  • Feb 8, 2023 1:24am Feb 8, 2023 1:24am
Quoting genadi
{quote} this is the game changer if you make few trades like this every year, you will be the richest man in the world! Congrats
Цирк ушел, а клоуны остались
The circus has left but the clowns are still here.
  • #727,067
  • Feb 8, 2023 1:26am Feb 8, 2023 1:26am
Quoting lucaswalliam
Can I ask a question? What tools do you use to determine trends. I know this is a very basic question, but it has really bothered me for a long time. Am struggling to find an answer. Thanks!
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HH HL up trend
LH LL down trend

Break Out Structure
Change of Character
  • #727,068
  • Feb 8, 2023 1:30am Feb 8, 2023 1:30am
Long order at 11980 cancelled… let’s see if we can get over 121 today and if so how far up lol
Insane in the Brain..
  • #727,069
  • Feb 8, 2023 1:31am Feb 8, 2023 1:31am
Like stealing candles from a baby.
You have an IQ lower than 90 if you interact with this user.
  • #727,070
  • Feb 8, 2023 1:32am Feb 8, 2023 1:32am
Sold 1.2060 SL 1.2065
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #727,071
  • Feb 8, 2023 1:36am Feb 8, 2023 1:36am
Quoting Ferna
{quote} i`m just a new retail trader so i might be blasphemous. what i learn is from investopedia: https://www.investopedia.com/ask/ans...g-strategy.asp ” Strategy One A forex trader can create a “hedge” to fully protect an existing position from an undesirable move in the currency pair by holding both a short and a long position simultaneously on the same currency pair. This version of a hedging strategy is referred to as a “perfect hedge”...
Understood.

Yeah, that hedge definition is written by an idiot. If you bought something (+1 unit) and then sold the same thing (-1unit) then in reality you just closed that position. This is not a hedge, that's just having two opposite positions on where you pay double the spread. Market makers just laugh at this and collect that free money you gave them.

Hedging means that you hold one asset and opened a position in another correlated asset but it has different characteristics.

Also, hedging can be having a position in spot market and then an opposite position in options market. So, spot vs options on the same asset. Or price vs time.

Cheers.
  • #727,072
  • Feb 8, 2023 1:44am Feb 8, 2023 1:44am
why cable loves to kiss my SL
sick of waiting into TP, but suddenly turn around then kiss my SL
  • #727,073
  • Feb 8, 2023 1:45am Feb 8, 2023 1:45am
Quoting Yngwie
Sold 1.2060 SL 1.2065
ouch -5p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #727,074
  • Feb 8, 2023 1:50am Feb 8, 2023 1:50am
Quoting pipcenturion
{quote} Trade triggered! It drew down just about 3 pips. The FX space is leveraged. One needs great precision (especially on entries) lest a small error can become magnified by reason of leverage.
check again…
  • #727,075
  • Feb 8, 2023 1:55am Feb 8, 2023 1:55am
Quoting Yngwie
{quote} ouch -5p
yap, ouch.
we will back stronger later
  • #727,076
  • Feb 8, 2023 1:59am Feb 8, 2023 1:59am
Quoting BeeTogether
Long order at 11980 cancelled… let’s see if we can get over 121 today and if so how far up lol
I think you found 1.21!
  • #727,077
  • Feb 8, 2023 2:00am Feb 8, 2023 2:00am
Quoting Indigo45
{quote} {image} HH HL up trend LH LL down trend Break Out Structure Change of Character
Thank you for your response, and this is the line of thinking I am currently using. However, I have run into two problems. One is that it is too subjective and not objective enough. The second is that I am often drowning in details. The criteria for band determination are very difficult.
Just follow the trend.
  • #727,078
  • Feb 8, 2023 2:02am Feb 8, 2023 2:02am
Quoting Wavegarrick
{quote} Hi Guys The sudden drop caught me off guard, nevertheless my trades were locked in and were taken out for small profits. I am in with a buy trade, stop just below 1.20000. Hopefully we will get a test of my weekly pivot at 1.21722 where I could look to offload some of my long term buy trades. Depending on Pa, I could start loading short trades. Trade safe, Cheers. {image}
I am starting to get subtle bullish hints from a 4 hr perspective. My weekly pivot at 1.21722 a reasonable target.
Cheers.
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Trade to trade another day
  • #727,079
  • Feb 8, 2023 2:03am Feb 8, 2023 2:03am
Quoting shakmoney
{quote} you switched to long before you were short
That short was 12 hours ago...
If you read my posting, it is all scalping trades.

Today is new day, new game.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #727,080
  • Feb 8, 2023 2:05am Feb 8, 2023 2:05am
I'm done for the day.

2 losses and 1 win. Got that entire move up and allowed it to hit my TP instead of closing out early. I'd moved my SL to 1.1 pips above entry to account for commission and targeted the orders above yesterdays high.
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