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Cable Update (GBPUSD)

  • #744,021
  • May 4, 2023 1:27am May 4, 2023 1:27am
Quoting eyefeelsix
{quote} the bull kicked me out of the ring , scenarios invalid, this pattern is very hard to the beat! {image}
as long as the price stand above 1.2450 I will buy any pullback, 1.2800 is my peak level for the bull ( medium to long-term trading base )

#FollowWhatTheMarketWants
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https://breakpullback.com
  • #744,022
  • May 4, 2023 1:28am May 4, 2023 1:28am
Teasing 126 and dropping around the 12590 area back to mid 12580s

a break above does look quite imminent however going long also feels risky at current levels. 2 trades live one at 12545 and one at 12580 have an order at 12620 now looking for 125-12480 if not today then tomorrow
Insane in the Brain..
  • #744,023
  • May 4, 2023 1:30am May 4, 2023 1:30am
Quoting yumademe
I believe we will have 1 more retrace before pushing for a new high. Tight SL {image}
It is very easy to reach your SL than TP because the SL is near the current price and the TP is far.

In addition, overall the market is bull. There is no sign of market structure is broken.
  • #744,024
  • May 4, 2023 1:41am May 4, 2023 1:41am
i playing with this shitty eu and gu pairs when i found gold om gbp/jpy on monday
why did i leave that golden short ?
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yes yes yes
  • #744,025
  • May 4, 2023 1:58am May 4, 2023 1:58am
Quoting Cgpips
{quote} Thank you, I saw your post and reenter long had grabbed this spike
its going down..i've closed all..how are you bro
  • #744,026
  • May 4, 2023 2:00am May 4, 2023 2:00am
#GBPUSD / H4
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  • #744,027
  • May 4, 2023 2:02am May 4, 2023 2:02am
Quoting Jolita
We have remaining gap on daily 1867. Careful, highs were made. Lower lows printing. Gold positive correlate with GU.
Hi Joly. We will have to wait for gold to reverse first. Thanks for the advise. In my view, next buying area 2005-2013.
POSTMASTER
  • #744,028
  • May 4, 2023 2:10am May 4, 2023 2:10am
Quoting Wavegarrick
{quote} Nala, What do you base your $7 dollar investment on?. From what I read between the lines is that you are saying I am trading .50c lots. So I had 14 buy trades x .50c = $7. Now look carefully at my attached charts and statements. I do not trade .50c lots. I trade .05c lots. So let's take 14 buy trades x .05c = $ .70c. A huge difference isn't it? Or am I missing something? Last question: The report is generated automatically from the standard indicator "trade report" available here on FF. So how do I do my magic accounting on this? Cheers....
perhaps other traders are envious of the way you keep holding the longs otherwise why all this inquiries
Keep the Lights on then you can catch the rise from the dark.
  • #744,029
  • May 4, 2023 2:12am May 4, 2023 2:12am
Quoting Mitiblotch
Long GU here at 2507. TP 2650. {image}
Out at 2567. +50. It keeps teasing 2600 and dropping off.
  • #744,030
  • May 4, 2023 2:12am May 4, 2023 2:12am
Quoting voeltoez
{quote} its going down..i've closed all..how are you bro
Sure, I exit with profit earlier.
I mostly scalp for quick and small profit.
It's very kind of you, thank you
  • #744,031
  • May 4, 2023 2:19am May 4, 2023 2:19am
Short 2567. TP 2543.

Ps. I am a buyer and I am only scalping a short towards the daily pivot. I will buy any attacks towards the weekly pivot at 2513.
  • #744,032
  • May 4, 2023 2:37am May 4, 2023 2:37am
Quoting Moty
i playing with this shitty eu and gu pairs when i found gold om gbp/jpy on monday why did i leave that golden short ? {image} {image}
unbelievable i was trapped in a retracement up
so switched to short gold
weekly r3 is usually a strong resistance
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yes yes yes
  • #744,033
  • May 4, 2023 2:38am May 4, 2023 2:38am
after saw adx reversal pattern on m5..switching to short fast..but i think its flat now..
target to bounce and continuing bullish is 1.255x...with target 1.2700
cmiiw
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  • #744,034
  • May 4, 2023 2:48am May 4, 2023 2:48am
Quoting Wavegarrick
{quote} Nala, What do you base your $7 dollar investment on?. From what I read between the lines is that you are saying I am trading .50c lots. So I had 14 buy trades x .50c = $7. Now look carefully at my attached charts and statements. I do not trade .50c lots. I trade .05c lots. So let's take 14 buy trades x .05c = $ .70c. A huge difference isn't it? Or am I missing something? Last question: The report is generated automatically from the standard indicator "trade report" available here on FF. So how do I do my magic accounting on this? Cheers....
Continued: I did not have enough time when I replied above. In addition, for the wary eyed.
If I trade .05c it means I make .50c per pip. Google "pip calculator" to see how much you make per pip relative to the lot size traded.
So .50c x 202.20 Pips (as per the trade report) = $ 101.10 - $ 6.51 (swap fees) = $ 94.59. Nothing fancy, no creative accounting. Pure simple maths.
Cheers.
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Trade to trade another day
  • #744,035
  • May 4, 2023 2:50am May 4, 2023 2:50am
am i the unluckiest guy in the world or what ?
i got out just before price dropped 30 pips
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yes yes yes
  • #744,036
  • May 4, 2023 2:53am May 4, 2023 2:53am
Quoting Robinhood1
Cable´s reversal stands at 1.2648 at this moment but will be a bit more as trendline keeps climbing
After 13 hours, standing now at 1.2659. Price will depend on time.
POSTMASTER
  • #744,037
  • May 4, 2023 2:56am May 4, 2023 2:56am
Quoting Moty
am i the unluckiest guy in the world or what ? i got out just before price dropped 30 pips {image}
open again moty..dont give up...
  • #744,038
  • May 4, 2023 2:57am May 4, 2023 2:57am
Quoting Moty
am i the unluckiest guy in the world or what ? i got out just before price dropped 30 pips {image}
no you're not

https://www.forexfactory.com/attachm...1?d=1682415758
  • #744,039
  • May 4, 2023 2:59am May 4, 2023 2:59am
Quoting Moty
am i the unluckiest guy in the world or what ? i got out just before price dropped 30 pips {image}
Like this happened 1000 + times to me.

Intraday only.
  • #744,040
  • May 4, 2023 3:02am May 4, 2023 3:02am
Quoting Wavegarrick
{quote} Continued: I did not have enough time when I replied above. In addition, for the wary eyed. If I trade .05c it means I make .50c per pip. Google "pip calculator" to see how much you make per pip relative to the lot size traded. So .50c x 202.20 Pips (as per the trade report) = $ 101.10 - $ 6.51 (swap fees) = $ 94.59. Nothing fancy, no creative accounting. Pure simple maths. Cheers. {image}
broker's have different contract size, your contract size is the most common one.
i didn't knew there is a different amount size in FX but lately i noticed there is, but it is RARE.

anyway, you put a lot of effort to explain the obvious.
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