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Cable Update (GBPUSD)

  • #734,241
  • Mar 6, 2023 8:39pm Mar 6, 2023 8:39pm
Quoting france001
{quote} you only take a profit of around 5 pips, and how big is your stop loss? or you just dont set a stop loss and manually stop
In Asia, I only do scalp....max 20 pips.

In LO, different strategy, using support and resistance.

Stop loss based , I set usually, but only in LO trading, when the move is quick.

Asia, mostly, there will not be need of stop as the range is just 30 to 35 pips.
Intraday only.
  • #734,242
  • Mar 6, 2023 8:42pm Mar 6, 2023 8:42pm
Quoting navk
{quote} In Asia, I only do scalp....max 20 pips. In LO, different strategy, using support and resistance. Stop loss based , I set usually, but only in LO trading, when the move is quick. Asia, mostly, there will not be need of stop as the range is just 30 to 35 pips.
thanks , it help me a lot
  • #734,243
  • Mar 6, 2023 8:46pm Mar 6, 2023 8:46pm
Quoting france001
{quote} thanks , it help me a lot
Trading session wise, it helps me a lot.

Tips :

Make sure what is low or high 1hr after frankfurt open.

This helps. Watch the PA when frankfurt/Lon opens.

Also, I use trend lines a lot. In every tf
Intraday only.
  • #734,244
  • Mar 6, 2023 8:55pm Mar 6, 2023 8:55pm
what's on 1.2048?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 25 KB
https://breakpullback.com
  • #734,245
  • Mar 6, 2023 9:06pm Mar 6, 2023 9:06pm
Quoting eyefeelsix
what's on 1.2048? {image}
Resistance is all about breaking through.
Btw, the HH, HL and LL in the chart are an indicator, automatically labeled?
Just follow the trend.
  • #734,246
  • Mar 6, 2023 9:10pm Mar 6, 2023 9:10pm
Quoting lucaswalliam
{quote} Resistance is all about breaking through. Btw, the HH, HL and LL in the chart are an indicator, automatically labeled?
A consolidation is expected between 2047 and 2015 before breaking through 2047
Intraday only.
  • #734,247
  • Mar 6, 2023 9:38pm Mar 6, 2023 9:38pm
I pray for the eurusd bulls
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Master your mind. Master Trading.
  • #734,248
  • Mar 6, 2023 9:42pm Mar 6, 2023 9:42pm
Will it spike up before a drop or drop right away, let's see.
Currently still ranging in a descending triangle.
Exhausted
  • #734,249
  • Mar 6, 2023 9:47pm Mar 6, 2023 9:47pm
Quoting lucaswalliam
{quote} Resistance is all about breaking through. Btw, the HH, HL and LL in the chart are an indicator, automatically labeled?
I'm Leonardo da Vinci, everything made by hand lol
https://breakpullback.com
  • #734,250
  • Mar 6, 2023 9:59pm Mar 6, 2023 9:59pm
h4 has several spikes.. it fails to break 1.20500, is it sign for confirming bearish, guys? cmiiw
  • #734,251
  • Mar 6, 2023 10:06pm Mar 6, 2023 10:06pm
A break... and then retrace back to 2012/25/30 for bulls today.

To me
Intraday only.
  • #734,252
  • Mar 6, 2023 10:20pm Mar 6, 2023 10:20pm
Since 2048 is proving to be a pretty significant roadblock...
I go SHORT @ 2044 looking for 20-50 pips
My SL hovers just above 2050
Seems to me like a safe bet pre LO
  • #734,253
  • Mar 6, 2023 10:57pm Mar 6, 2023 10:57pm
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yes yes yes
  • #734,254
  • Mar 6, 2023 10:57pm Mar 6, 2023 10:57pm
Quoting eyefeelsix
what's on 1.2048? {image}
I take the bear atm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 24 KB
https://breakpullback.com
  • #734,255
  • Mar 6, 2023 11:14pm Mar 6, 2023 11:14pm
GU long
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My telegram: https://t.me/avidforex
  • #734,256
  • Mar 6, 2023 11:14pm Mar 6, 2023 11:14pm
RANGE for the past 72mins = Grand Total of 6 pips!
Oh well, patience is da name of da game.
  • #734,257
  • Mar 6, 2023 11:30pm Mar 6, 2023 11:30pm
Quoting BrainBucks
RANGE for the past 72mins = Grand Total of 6 pips! Oh well, patience is da name of da game.
Asia!
  • #734,258
  • Mar 6, 2023 11:30pm Mar 6, 2023 11:30pm
Quoting BrainBucks
RANGE for the past 72mins = Grand Total of 6 pips! Oh well, patience is da name of da game.
Gotta wait for frankfurt.
Exhausted
  • #734,259
  • Mar 6, 2023 11:36pm Mar 6, 2023 11:36pm
Quoting eyefeelsix
{quote} I'm Leonardo da Vinci, everything made by hand lol
Well, laziness was rejected.
I also divide by hand, but I can always face subjective emotions.
Just follow the trend.
  • #734,260
  • Mar 6, 2023 11:38pm Mar 6, 2023 11:38pm
Just a suggestion, I started drawing a horizontal line at the close of the midnight candle and focusing on pre and post midnight trading. ICT suggests that this is where the algos start for the day. His idea has merits based on what I have seen for the past couple of weeks.
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