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Cable Update (GBPUSD)

  • #784,781
  • Oct 20, 2023 2:48am Oct 20, 2023 2:48am
Quoting Waveskierrob
{quote} Yea lets have some fun GU SHORT and LONG 1.2110 no sl no tp
Closed LONG 1.2114 +4 pips
  • #784,782
  • Edited 3:00am Oct 20, 2023 2:49am | Edited 3:00am
Quoting Waveskierrob
Morning all...
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That's what he said. . .
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To free Gazans of Hamas, use whatever it takes.
  • #784,783
  • Oct 20, 2023 2:58am Oct 20, 2023 2:58am
Quoting Waveskierrob
{quote} Yea lets have some fun GU SHORT and LONG 1.2110 no sl no tp
Closed SHORT 1.2107 +3 ...all closed +7 now imagine doing this 100 times a day, just saying...
  • #784,784
  • Oct 20, 2023 3:03am Oct 20, 2023 3:03am
Quoting Waveskierrob
{quote} Closed SHORT 1.2107 +3 ...all closed +7 now imagine doing this 100 times a day, just saying...
kierrob
doesnt transaction costs eat into your profit with just 3 pips win?
in wondering about yourself, you forgot what you came here to be part of
  • #784,785
  • Oct 20, 2023 3:10am Oct 20, 2023 3:10am
Quoting knkie
{quote} kierrob doesnt transaction costs eat into your profit with just 3 pips win?
only spread but that's already factored in...don't get me wrong there are times with all trading it doesn't go my way, this trade it did, what I'm trying to show is that many try to predict LONG or SHORT where I'm predicting (there I said it..) that the market will move up and down in a short space of time and if you really watch the price that's what it does for the majority of the time, up a bit down a bit ...
  • #784,786
  • Oct 20, 2023 3:12am Oct 20, 2023 3:12am
You can twist as much as you want, you wil show me the money
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yes yes yes
  • #784,787
  • Oct 20, 2023 3:14am Oct 20, 2023 3:14am
Gold is untouchable right now.
holding breath
  • #784,788
  • Oct 20, 2023 3:20am Oct 20, 2023 3:20am
Quoting Waveskierrob
{quote} Yea lets have some fun GU SHORT and LONG 1.2110 no sl no tp
Lets do the same again this time 1.2111
  • #784,789
  • Oct 20, 2023 3:21am Oct 20, 2023 3:21am
Quoting knkie
{quote} kierrob doesnt transaction costs eat into your profit with just 3 pips win?
I believe you will also find he has very low transaction costs and very tight spreads!
  • #784,790
  • Oct 20, 2023 3:24am Oct 20, 2023 3:24am
Quoting Waveskierrob
{quote} only spread but that's already factored in...don't get me wrong there are times with all trading it doesn't go my way, this trade it did, what I'm trying to show is that many try to predict LONG or SHORT where I'm predicting (there I said it..) that the market will move up and down in a short space of time and if you really watch the price that's what it does for the majority of the time, up a bit down a bit ...
agreed
got it ...
in wondering about yourself, you forgot what you came here to be part of
  • #784,791
  • Oct 20, 2023 3:24am Oct 20, 2023 3:24am
Quoting Waveskierrob
{quote} Lets do the same again this time 1.2111
Closed LONG 1.2114 + 3 pipis
  • #784,792
  • Oct 20, 2023 3:25am Oct 20, 2023 3:25am
Quoting dantpm
{quote} I believe you will also find he has very low transaction costs and very tight spreads!
im using IG
spread on cable is usually 0.9 but lately its been 1.5.
Right before the Asian session it shoots up to 11 hahaha
in wondering about yourself, you forgot what you came here to be part of
  • #784,793
  • Oct 20, 2023 3:29am Oct 20, 2023 3:29am
ingulfing candle
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yes yes yes
  • #784,794
  • Oct 20, 2023 3:30am Oct 20, 2023 3:30am
Quoting knkie
{quote} im using IG spread on cable is usually 0.9 but lately its been 1.5. Right before the Asian session it shoots up to 11 hahaha
Does IG offer a RAW account? Typically you get a better spread and lower fixed transaction cost.
Sometimes there are different minimum balances required. Depends on the broker.
  • #784,795
  • Oct 20, 2023 3:33am Oct 20, 2023 3:33am
Quoting Moty
ingulfing candle {image}
Moty, you had an engulfing candle a few hours ago and where did that go? I think trading sentiment is working against you. You may get a pop because of the difference between EU and GU sentiment. Once these two align the market will move, probably in the opposite direction!
  • #784,796
  • Oct 20, 2023 3:36am Oct 20, 2023 3:36am
Quoting dantpm
{quote} Does IG offer a RAW account? Typically you get a better spread and lower fixed transaction cost. Sometimes there are different minimum balances required. Depends on the broker.
IG does not but ive been looking into other brokers that do.
I have to make a risk reward assesment if this is better for my style of trading.

Thanx Dantpm !

(may i ask which broker you use? only if you want to share ofcourse)
in wondering about yourself, you forgot what you came here to be part of
  • #784,797
  • Oct 20, 2023 3:37am Oct 20, 2023 3:37am
Quoting Fardeen1209
{quote} EU Continuation {image} 1hr Ignored Qm becomes RSF 4hr Structure HH,HL 2nd attempt to KEY LEVELwhich appeared upto Monthly TF Failure for BO, Then Umitigated 4hr Dz @ 1.4700, Becomes the NEXT Support. MM will take everyone below
Fardeen Bhai here is my EU Chart i am at buy now and looking for the DPOI. Trade is protected
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  • #784,798
  • Oct 20, 2023 3:44am Oct 20, 2023 3:44am
Quoting dantpm
{quote} Moty, you had an engulfing candle a few hours ago and where did that go? I think trading sentiment is working against you. You may get a pop because of the difference between EU and GU sentiment. Once these two align the market will move, probably in the opposite direction!
there is quite a nice thread on engulfing strategy
https://www.forexfactory.com/thread/...lf-engulf-fail
in wondering about yourself, you forgot what you came here to be part of
  • #784,799
  • Oct 20, 2023 3:44am Oct 20, 2023 3:44am
Quoting dantpm
{quote} Moty, you had an engulfing candle a few hours ago and where did that go? I think trading sentiment is working against you. You may get a pop because of the difference between EU and GU sentiment. Once these two align the market will move, probably in the opposite direction!
this is a bearish ingulfing daily candle
The only way is down
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yes yes yes
  • #784,800
  • Oct 20, 2023 3:51am Oct 20, 2023 3:51am
Quoting Moty
{quote} this is a bearish ingulfing daily candle The only way is down {image}
That may be wishful thinking at work
Down is not the only way
There's Up and even Sideways
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