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Cable Update (GBPUSD)

  • #734,761
  • Mar 8, 2023 8:49am Mar 8, 2023 8:49am
Quoting Georginson
{quote} Exited at 1.1843... - 10 pips. Only one buy left open from 1.1890... I can easily add more buy if it drops lower since I have enough free margin.
My buys from 1840 I set TP at 1860. I will keep the one from 1885.
  • #734,762
  • Mar 8, 2023 8:53am Mar 8, 2023 8:53am
11850 the big resistance area today. Let’s see what happens in a few mins
Insane in the Brain..
  • #734,763
  • Mar 8, 2023 8:55am Mar 8, 2023 8:55am
do i realy need to spit blood for 10 pips ? mf !!!!!!!!!!!!!
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yes yes yes
  • #734,764
  • Mar 8, 2023 8:56am Mar 8, 2023 8:56am
Attached Image (click to enlarge)
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another close below WLo -38.2 ? / bin riding upper bollinger band break lower...
  • #734,765
  • Mar 8, 2023 8:58am Mar 8, 2023 8:58am
Quoting Mitiblotch
{quote} My buys from 1840 I set TP at 1860. I will keep the one from 1885.
That target is realistic at 1.1860, I'm actually looking at 1.1870/1.1885 area but this market makers can be funny as they can crash the price yet again to 1.16 area to hit buyers stop losses.
.March expected range is between 450 - 600 pips and we are just 277 pips range so far.
Data + Stat + Risk/Emotions Management
  • #734,766
  • Mar 8, 2023 9:00am Mar 8, 2023 9:00am
I am in a sell trade, although now I think I am in the wrong direction i will honor the trade.
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: 18.2%
  • #734,767
  • Mar 8, 2023 9:02am Mar 8, 2023 9:02am
30 pip drop bang on 3pm lol
Insane in the Brain..
  • #734,768
  • Mar 8, 2023 9:03am Mar 8, 2023 9:03am
Quoting Elysion
Closed 90% of my longs, left two open for news. Will continue trading tomorrow. Trade safe peeps.
Sadly it went for 1.18 liquidity before going up. :/
Exhausted
  • #734,769
  • Mar 8, 2023 9:05am Mar 8, 2023 9:05am
Quoting Phil_GMT
I am in a sell trade, although now I think I am in the wrong direction i will honor the trade.
1.18 Liquid was taken out by news. (Hindsight trading but yeah :/)
I don't wanna interfere in your trading but it's likely to go up and close yesterday's FVG around 1.19 - 1.195
Exhausted
  • #734,770
  • Mar 8, 2023 9:05am Mar 8, 2023 9:05am
Worst day I've ever had
  • #734,771
  • Mar 8, 2023 9:06am Mar 8, 2023 9:06am
Quoting Elysion
{quote} Sadly it went for 1.18 liquidity before going up. :/
now maybe we can see a break above 11850 towards 119
Insane in the Brain..
  • #734,772
  • Mar 8, 2023 9:06am Mar 8, 2023 9:06am
i had a feeling they will go to hunt the stops , I outsmart them back
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yes yes yes
  • #734,773
  • Mar 8, 2023 9:10am Mar 8, 2023 9:10am
Quoting BeeTogether
{quote} now maybe we can see a break above 11850 towards 119
First target 1.19, if it breaks above then possible 1.198 - 1.2
Exhausted
  • #734,774
  • Mar 8, 2023 9:18am Mar 8, 2023 9:18am
Quoting Elysion
{quote} First target 1.19, if it breaks above then possible 1.198 - 1.2
im with you! Although it’s taken a drop since I spoke lol
Insane in the Brain..
  • #734,775
  • Mar 8, 2023 9:19am Mar 8, 2023 9:19am
Quoting BeeTogether
{quote} im with you! Although it’s taken a drop since I spoke lol
I know right hahaha, let's see if there's any order block at 1.181 for it to go up.
Might even go lower to take out more liquid as we speak.

Update: There we go, liquid taken out at 1.180, order block at 1.181 :/ 1st target 1.19, then 1.193 - 1.2
Exhausted
  • #734,776
  • Mar 8, 2023 9:22am Mar 8, 2023 9:22am
Quoting tradexyz
{image}another close below WLo -38.2 ? / bin riding upper bollinger band break lower...
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  • #734,777
  • Mar 8, 2023 9:26am Mar 8, 2023 9:26am
Quoting BeeTogether
{quote} im with you! Although it’s taken a drop since I spoke lol

11920 first and then continuation lower.
This is also brokers live and signal intentions.
  • #734,778
  • Mar 8, 2023 9:26am Mar 8, 2023 9:26am
getting whiplashed...no trades today...
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  • #734,779
  • Mar 8, 2023 9:26am Mar 8, 2023 9:26am
i love you mister candle
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yes yes yes
  • #734,780
  • Mar 8, 2023 9:29am Mar 8, 2023 9:29am
kind of a seek & destroy day, smack out either side of the range

basically my day

- small 20 pip profit which took forever, bad execution, entered too early and had a punishing wait
- tried to short pre JOLTS but ballsed it up lost a couple pips, then ofc it drops to target

waited..waited.. then scalped abt 10 handful of pips up on the stophunt at 15:20

quite tough to trade these conditions. Best to sidestep.

Tomorrow--not sure, lets see how the overnight market sets things up

Why so focused on a short first of all ? This happens all the time in cable. create a fake support after a big drop, entice buyers, then the low gets taken out at some point during the day. happens nearly every time. even though it looks like this will end up a buy day , 50 pips isn't to be sniffed at. I just didnt have the cajones to hold.
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