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Cable Update (GBPUSD)

  • #762,021
  • Jul 28, 2023 3:27am Jul 28, 2023 3:27am
Quoting BeeTogether
{quote} as someone trapped in a long I’d prefer a move up to 129 take a smash hit and then go short after lol
this is where traders show their true colours, I'm always trapped, always fighting....patience being the key...
  • #762,022
  • Jul 28, 2023 3:30am Jul 28, 2023 3:30am
Quoting Waveskierrob
{quote} this is where traders show their true colours, I'm always trapped, always fighting....patience being the key...
Quoting BeeTogether
{quote} as someone trapped in a long I’d prefer a move up to 129 take a smash hit and then go short after lol
Hi, as my wife never tires of telling me, I have no patience (with anything,!) - much prefer instant gratification or instant pain lol! Hence scalping/intraday positions only. I've been doing this a long time, so also can only stare at screens for 4hrs/day now, unless I'm really motivated. So, you guys that can 'hold and hold and hold amaze me. Respect!
Trader with an Edge.
  • #762,023
  • Jul 28, 2023 3:33am Jul 28, 2023 3:33am
Took some profit on Yen slightly before and on London open.
I'm not to keen to enter again however.

Took some loss on GBP/USD trade.
  • #762,024
  • Jul 28, 2023 3:34am Jul 28, 2023 3:34am
Quoting Headland
{quote} {quote} Hi, as my wife never tires of telling me, I have no patience (with anything,!) - much prefer instant gratification or instant pain lol! Hence scalping/intraday positions only. I've been doing this a long time, so also can only stare at screens for 4hrs/day now, unless I'm really motivated. So, you guys that can 'hold and hold and hold amaze me. Respect!
Haha true!

I can only hold 200, 300 pips if drop or rise is quick, otherwise no chance.
  • #762,025
  • Jul 28, 2023 3:40am Jul 28, 2023 3:40am
...30min bearish hidden div is present - may stay good as long as price below 2871. Potential for 1hr to develop too, on any deeper p/back of y/day's down move.
Trader with an Edge.
  • #762,026
  • Jul 28, 2023 3:45am Jul 28, 2023 3:45am
I'll try going Short on NY Open GBP/USD. Will see...
Also will consider if I'll Buy Yen again today.

Seems to be a calm before another storm here.
  • #762,027
  • Jul 28, 2023 3:52am Jul 28, 2023 3:52am
Quoting ScalaFX
Im starting recovery form my last trades, first GU buyed 2780 will add more
I still think about that you flipped from short to long at 1.295
  • #762,028
  • Jul 28, 2023 3:55am Jul 28, 2023 3:55am
...2nd upside break of Asian hi with asian/current dly lo undisturbed in that dip down from 1st break of it. The prev 1hr/4hr sw lo zone @ current dly hi = prev supp = pot sbr extends to circa 2833 on 4hr so top of the 4hr part is coexistent with the start of the next one on 1hr - a prev 1hr sw lo zone = prev supp = pot sbr.

Pot rbs below on this 1hr.

1hr below
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Trader with an Edge.
  • #762,029
  • Jul 28, 2023 4:03am Jul 28, 2023 4:03am
Quoting Whale
{quote} I still think about that you flipped from short to long at 1.295
My system told me so, that 3000 will be touched, he makes a mistakes sometimes
p.s. still want to long GU, this can be deep pulback before new highs, lets see
People don't plan to lose. They lose because they don't plan.
  • #762,030
  • Jul 28, 2023 4:05am Jul 28, 2023 4:05am
Current price 1.28150
Mf !!!!
They margin called and then went up
All because of 5 pips
If i stayed i could recover at least 100 $
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yes yes yes
  • #762,031
  • Jul 28, 2023 4:08am Jul 28, 2023 4:08am
...last 1hr close bullishly engulfed last 13 candles on that t/f, 4hr bullishly engulfed last 2 on that t/f. Price challenging pot 1hr rbs now.
Trader with an Edge.
  • #762,032
  • Jul 28, 2023 4:09am Jul 28, 2023 4:09am
Higher low. I want to scalp long maybe 1.2780 so i don't risk to much. If the HH was a fake, the drop could be ugly.
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Don't mind me.. i'm crazy
  • #762,033
  • Jul 28, 2023 4:14am Jul 28, 2023 4:14am
Quoting purevenom
Higher low. I want to scalp long maybe 1.2780 so i don't risk to much. If the HH was a fake, the drop could be ugly. {image}
Hi, you make a good point, it's an upmove on 5min + rather than an established uptrend so any entry to it after a p/back is generally lower in probability of success in my experience. This said 1hr and 4hr closes were supportive as per my last post. After y/day's move/dly candle though there will likely be bears waiting to sell any pullback?
Trader with an Edge.
  • #762,034
  • Jul 28, 2023 4:18am Jul 28, 2023 4:18am
Quoting Headland
{quote} {quote} Hi, as my wife never tires of telling me, I have no patience (with anything,!) - much prefer instant gratification or instant pain lol! Hence scalping/intraday positions only. I've been doing this a long time, so also can only stare at screens for 4hrs/day now, unless I'm really motivated. So, you guys that can 'hold and hold and hold amaze me. Respect!

I have no patience but whilst trading I have been quietly. The hit I took earlier this month was when there was a point of no return in terms of margin calls. Sometimes it’s just checking to see if there is anything that can make the right direction. The hit earlier this month was due to not seeing the direction but hey we learn and still make similar mistakes. It’s all about how to make the profits and minimise on the losses
Insane in the Brain..
  • #762,035
  • Jul 28, 2023 4:19am Jul 28, 2023 4:19am
Quoting Waveskierrob
{quote} this is where traders show their true colours, I'm always trapped, always fighting....patience being the key...
it’s making me lose hair
Insane in the Brain..
  • #762,036
  • Jul 28, 2023 4:22am Jul 28, 2023 4:22am
Quoting BeeTogether
{quote} it’s making me lose hair
? lol.
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Trader with an Edge.
  • #762,037
  • Jul 28, 2023 4:27am Jul 28, 2023 4:27am
...so, pot sbr on 1hr/4hr and 1hr, from current dly hi up to start of that 4 fib cluster circa 2847. 4 fib cluster runs 2847-57 and DP is @/around top of it. 50% of y/day's big move down is @ 2880. 50% of the total 3142-2763 drop is @ 2951.
Trader with an Edge.
  • #762,038
  • Jul 28, 2023 4:28am Jul 28, 2023 4:28am
AUDCAD long
GBPCAD LONG

Trade the London and NY kill zones. Any other time is like a waste of time and effort.
Price is driven by time.

Good luck
My telegram: https://t.me/avidforex
  • #762,039
  • Jul 28, 2023 4:30am Jul 28, 2023 4:30am
Quoting Moty
Current price 1.28150 Mf !!!! They margin called and then went up All because of 5 pips If i stayed i could recover at least 100 $ {image} {image}
I lost a lot of money and now price is above my long entry..
nothing to do, we couldn’t knew it will retrace before another low…

Se la vi my borther.
  • #762,040
  • Jul 28, 2023 4:36am Jul 28, 2023 4:36am
GBP/JPY possible retracement to 179.60 and then I'll try Short.
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