Cable Update (GBPUSD)

Quoting JustPipping

Disliked

{quote} No having knowledge and experience of how the market moves. If you are on the monthly and weekly bullish and we had a pullback close to the last lower low on the daily why not search for intraday longs until the next daily high?

Ignored

Quoting Scotteyy

Disliked

{quote} I do believe that tends to work pretty well actually, yes.

Ignored

Quoting JackintheBox

Disliked

{quote} That is a good choice. Counter trend can mean also with the trend on the long run. It is a retrace buy then, that's true. I use that also. Cheers.

Ignored

Quoting JackintheBox

Disliked

{quote} It depends on your position and moneymanagement. Reversals are more profitable than continuation trading but it takes longer and you have to take a lot of hits before it reverses. That's why you should not trade like that on 4hr or higer timeframes. It can take half a year before you get into profit than, that's true.

Ignored

Quoting Headland

Disliked

{quote} Hi, yeh that general theory holds good. But, it's how you buy when it's going up/sell when it's going down that determines success using the 'trend' approach. I tend to do it on the pullback (on lower sub 1hr t/f's,) (ie buy lo/sell hi,) but there are other ways too, like acting on bullish/bearish 'thrust' candle closes, etc.. Risk and money/trade management are key too of course (always!) If only it was as easy as just buy when it is going up/sell when it is going down lol!

Ignored

Quoting Scotteyy

Disliked

{quote} But if you are not trading on a high timeframe you are not trading with the trend in the long run, you are simply trading counter trend. On the monthly we are in a downtrend, but if you are trading intraday, why would you care?

Ignored

Quoting JustPipping

Disliked

{quote} I think we are ahead of a very long bullish run on EU and GU. We been consolidating around this price point since 2016 creating lots of liquidity on both sides but that grab on liquidity to the downside tells alot especially with how the US is in a downspiral. Imho us dollar will start plummeting next 1/2 years.

Ignored

Quoting Elysion

Disliked

My system shows good entries but my patience is the one that's killing me by entering too early. I need psychological help

Ignored

Quoting JereMi256

Disliked

All eyes on Dxy for me today! This is the account blowing week, if we survive this wave, we are few steps closer to victors. +256 {image}

Ignored

Quoting Scotteyy

Disliked

{quote} Pro's dont care about your position though. That was my point. If the pro's make the volume then why not trade with them, instead of against them?

Ignored

Quoting Moty

Disliked

The drop will come at 1.26661 {image}

Ignored

Quoting JereMi256

Disliked

{quote} According to my analysis, Main supply resides at 1.2635 & 1.265× FROM 1.2635 -1.2660 is a SH[stop hunt]zone. Bear that in mind, the market wants to twist us into thinking the bull will be in full control. But I doubt that, we should see bears in the coming US news since buyside liquidity is already being consumed. I have my SL placed at 1.2665. Note that I am still revising my strategy, I can't share my GU chart now. However I shared a Dxy chart here! {quote} .

Ignored

Quoting Scotteyy

Disliked

{quote} I prefer not to speculate on the long term direction, as I have no clue. I'm a simple man, I see green candles, I click buy.

Ignored

Quoting Scotteyy

Disliked

Long 12610, SL 12600, TP 12690

Ignored

Quoting Wavegarrick

Disliked

{quote} Well let me put my money where my mouth is. Since 1.26000 is so important I have to live up to it, Buy trade at just above 1.26000 Cheers, {image}

Ignored

Quoting Moty

Disliked

The drop will come at 1.26661 {image}

Ignored

Quoting voeltoez

Disliked

{quote} you trade full margin?

Ignored