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Cable Update (GBPUSD)

  • #748,601
  • May 31, 2023 9:47am May 31, 2023 9:47am
Quoting Elysion
{quote} But human brain (psychology) doesn't work that way I tend to get into revenge trading but much lesser compared to previous trades. And sometimes I divert from my plan only to nake me fail
same bro, even i try to control d, but sometime also tend to revenge trade and end up painful lesson

but i feel if you can catch specific moment with high probability just focus to sharpen it will do

because the market is so big, there is so many pips, so many weird movement, if you can grab some of them everyday it is already very outstanding
  • #748,602
  • May 31, 2023 9:48am May 31, 2023 9:48am
Quoting Elysion
{quote} I see. No wonder I tend to profit more during month end and especially at specific times like quaterly or half year. Thanks for the info, never knew bout this.
No problem. I am out today on my hedge fund account because I already made last week +31% for the month of May which is above average for sure on all measurements. So now I am waiting for my monthly 5 digit payout. I will continue trading probably tomorrow before NFP on Friday for sure. I trade also multiple pairs.
  • #748,603
  • May 31, 2023 9:56am May 31, 2023 9:56am
Quoting Scotteyy
{quote} My main focus is on daily, weekly, monthly pivots. So clearing the daily pivot at 12394 will be key to taking us higher (in my opinion). I do consider highs/lows as well but it tends to be secondary to pivot levels. Although, I do see people have a lot of success focusing purely on highs and lows so perhaps I should pay more attention to it. I typically determine trend based on price according to the 200MA, yesterday we saw a clean break above hence my biased switched to buy for now. My biggest issue with this system is ranging periods,...
So, i have two setups basically one is for ranges and one for trends. Ranges now are quite preferable for me. Basically it's a game of taking out old highs and lows, liquidity areas. Then looking into the limit order book to see if there's absorption on resting liquidity. Paying attention to volumes is extremely the important and probably the biggest uptick to my results in terms of strategy. Market profile and high volume nodes yes, but also the interplay of aggressive market participants and passive and working out how they push and pull price. I'd recommend digging into that if you can, quite an opaque topic but helps with getting very tight entries. Lots of different ways to play this game though obviously. I never did the moving average thing
  • #748,604
  • May 31, 2023 9:58am May 31, 2023 9:58am
Quoting mysterio
{quote} So, i have two setups basically one is for ranges and one for trends. Ranges now are quite preferable for me. Basically it's a game of taking out old highs and lows, liquidity areas. Then looking into the limit order book to see if there's absorption on resting liquidity. Paying attention to volumes is extremely the important and probably the biggest uptick to my results in terms of strategy. Market profile and high volume nodes yes, but also the interplay of aggressive market participants and passive and working out how they push and pull...
So you are looking also on patterns at the Footprint chart (I assume at the currency future for cable ?) to get fine sniper entries ? Did you read a lot about Orderbooks ?
  • #748,605
  • May 31, 2023 9:59am May 31, 2023 9:59am
There is a rule in MY RULE BOOK...

In a real account, if 0.5 to 1 to 1.5 to 2 % ( ) is made in a day, I should be content with that.

And I did.

Furthermore no trading today.

Do not ask me what ( long or short ) trades i traded.

Becos I did both.

In line with my system, short bias when asia opened.

Long bias when NY opened.

Short bias was posted in asia, long bias was posted before NY open.
Attached Image(s) (click to enlarge)
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Intraday only.
  • #748,606
  • May 31, 2023 9:59am May 31, 2023 9:59am
Ranging at daily pivot.
Currently my system is still in bullish mode so I expect an easy crack above daily pivot.
Exhausted
  • #748,607
  • May 31, 2023 10:01am May 31, 2023 10:01am
Attached Image (click to enlarge)
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Long GU

Trade safe
cheers
my loss is your gain
  • #748,608
  • May 31, 2023 10:01am May 31, 2023 10:01am
Quoting alienguy123
{quote} nowaday JPY range is so big, which make me so hard to handle it
Alienguy123, yeah, UJ is volatile, about 122 pips daily ATR(14) which is good for day traders.
Always trade your own plan...I don't provide trading signals.
  • #748,609
  • Edited 10:46am May 31, 2023 10:02am | Edited 10:46am
You guys so brave buying now.. im to scare

Short 1.2394 SL 1.2430
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #748,610
  • May 31, 2023 10:05am May 31, 2023 10:05am
Attachment g
Attachment g
yes yes yes
  • #748,611
  • May 31, 2023 10:07am May 31, 2023 10:07am
Attached Image (click to enlarge)
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  • #748,612
  • May 31, 2023 10:11am May 31, 2023 10:11am
The price in a range...HH was 2445.

LH 1 today is 2424

LH 2 2415

Having said, I see a solid 4hr support ( for today ) 2346.

In daily TF, I see a resistance at 2445, which i posted in Asia...threatens to be resisting the price.

So, the price is ranging... enjoy long and short trades.

The price likely to break the range on NFP day
Intraday only.
  • #748,613
  • May 31, 2023 10:12am May 31, 2023 10:12am
If GU stands firmly above 1.24400, then I would consider it uptrend.
So now I can only pick up small pips both short and long.
  • #748,614
  • May 31, 2023 10:13am May 31, 2023 10:13am
Attached Image (click to enlarge)
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yes yes yes
  • #748,615
  • May 31, 2023 10:14am May 31, 2023 10:14am
Tough nut to crack, price may reverse anytime.
Exhausted
  • #748,616
  • May 31, 2023 10:15am May 31, 2023 10:15am
Anyone else made double digit returns this month of May ? Had no drawdown from the beginning but 6% peak-to-valley drawdown this month. It was good for me.
  • #748,617
  • May 31, 2023 10:23am May 31, 2023 10:23am
Quoting Bella.al
{quote} Out for +15 Pips , Trailing hit. Bella's GMT Switch {image}
Current Rate :1.23808

My Current Plan is to stay FLAT until tomorrow and re-check after 13:00 PM GMT.

Bella's GMT Switch

Attached Image (click to enlarge)
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Goddess of Thunder..
  • #748,618
  • May 31, 2023 10:27am May 31, 2023 10:27am
Quoting mysterio
dollar index still bullish but may range a bit, think it will touch the high volume node around 103.5 might be wrong {image}
mysterio, this is good stuff, I would stay with it. GU should go up and hold London low. So far you don't have an indication otherwise.
Always trade your own plan...I don't provide trading signals.
  • #748,619
  • May 31, 2023 10:28am May 31, 2023 10:28am
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  • #748,620
  • May 31, 2023 10:32am May 31, 2023 10:32am
Partial tp 1.241
If price reaches there.
Still waiting
Exhausted
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