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Cable Update (GBPUSD)

  • #784,821
  • Oct 20, 2023 4:33am Oct 20, 2023 4:33am
Quoting Waveskierrob
{quote} You run a tight stop then...
haha
yes I like to see price react fast,
id rather take a small loss and then get back in for a big move.
I was not sure about that zone, it might have been higher.

Im short again from 2117

i try to keep the stop to a bear minimum so my RR is higher, but perhaps i should have a larger SL, as many have suggested
in wondering about yourself, you forgot what you came here to be part of
  • #784,822
  • Oct 20, 2023 4:38am Oct 20, 2023 4:38am
GU looks like a short setting up

Currently on H1/H4 we have a single swing down so would need to see a swing up and break down into a trend to show a continuation of the H4/D1 swing which is moving into D1/W1 territory.

Tentative at the moment as D1 is not fully closed below W1.
Follow The Markets Structure - Patience and Discipline
  • #784,823
  • Oct 20, 2023 4:40am Oct 20, 2023 4:40am
Quoting pipfarm
GU looks like a short setting up Currently on H1/H4 we have a single swing down so would need to see a swing up and break down into a trend to show a continuation of the H4/D1 swing which is moving into D1/W1 territory. Tentative at the moment as D1 is not fully closed below W1.
idk guys & gals.
i find price very twitchy.
it does not feel right.
in wondering about yourself, you forgot what you came here to be part of
  • #784,824
  • Oct 20, 2023 4:41am Oct 20, 2023 4:41am
Quoting Waveskierrob
{quote} Yea not saying it's easy but doable...
me at lazy time..
12 hr trade, 12x position hedge every 1 hour, dont be greedy just 5 pips,
60pips on pocket.
need dicipline, good eye to analyze.
  • #784,825
  • Oct 20, 2023 4:41am Oct 20, 2023 4:41am
Quoting knkie
{quote} haha yes I like to see price react fast, id rather take a small loss and then get back in for a big move. I was not sure about that zone, it might have been higher. Im short again from 2117 i try to keep the stop to a bear minimum so my RR is higher, but perhaps i should have a larger SL, as many have suggested
Only one way to find out...
  • #784,826
  • Oct 20, 2023 4:44am Oct 20, 2023 4:44am
Quoting dantpm
{quote} You could be right. I have been told several times to focus more on closed candles patterns and not open candles for signals. If you look to the left, the child pattern doesn't appear to carry much weight.
1. Yes, using open bars like that is not recommended.
2. The Harami setups that are taught are BULLISH = mother red, child green. BEARISH = mother green, child red.
To free Gazans of Hamas, use whatever it takes.
  • #784,827
  • Oct 20, 2023 4:44am Oct 20, 2023 4:44am
Quoting Waveskierrob
{quote} Only one way to find out...
indeed.
this is against the consensus but im thinking price is flipping
in wondering about yourself, you forgot what you came here to be part of
  • #784,828
  • Oct 20, 2023 4:44am Oct 20, 2023 4:44am
Quoting Waveskierrob
{quote} Lets do the same again this time 1.2111
added SHORT 1.2121
  • #784,829
  • Oct 20, 2023 4:47am Oct 20, 2023 4:47am
...pullback from current dly/asian lo has yet to reach 38.2% of y/day hi - current dly lo down move

1hr below
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Trader with an Edge.
  • #784,830
  • Oct 20, 2023 4:54am Oct 20, 2023 4:54am
and so this is why i have tight SL's

White TL is H1
Yellow box is M30 zone
Chart is M5
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in wondering about yourself, you forgot what you came here to be part of
  • #784,831
  • Oct 20, 2023 4:58am Oct 20, 2023 4:58am
Quoting knkie
and so this is why i have tight SL's White TL is H1 Yellow box is M30 zone Chart is M5 {image}
if that's what you are comfortable with stick with it, all I say is that there are many ways to skin a cat (sorry cat lovers) keep your options open...
  • #784,832
  • Oct 20, 2023 4:58am Oct 20, 2023 4:58am
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average dude treading water
  • #784,833
  • Oct 20, 2023 5:01am Oct 20, 2023 5:01am
short again 2126
remember its fryday
  • #784,834
  • Oct 20, 2023 5:04am Oct 20, 2023 5:04am
GJ Today's first short.
It would be great if it could be shown in London.
Attached Image (click to enlarge)
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  • #784,835
  • Oct 20, 2023 5:05am Oct 20, 2023 5:05am
Quoting voeltoez
short again 2126 remember its fryday
martingale will be set@2140
  • #784,836
  • Oct 20, 2023 5:09am Oct 20, 2023 5:09am
Quoting Waveskierrob
{quote} if that's what you are comfortable with stick with it, all I say is that there are many ways to skin a cat (sorry cat lovers) keep your options open...
totally agree Rob, but im always open to learning, because tunnel vision can be a losing strategy as well.
And I know I still have alot to learn.
So please do keep critiquing me.

i bought 2125
in wondering about yourself, you forgot what you came here to be part of
  • #784,837
  • Oct 20, 2023 5:10am Oct 20, 2023 5:10am
GU Purchase.
Thank you for your continued support.
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  • #784,838
  • Oct 20, 2023 5:12am Oct 20, 2023 5:12am
Quoting knkie
{quote} totally agree Rob, but im always open to learning, because tunnel vision can be a losing strategy as well. And I know I still have alot to learn. So please do keep critiquing me. i bought 2125
...good luck buddy...
  • #784,839
  • Oct 20, 2023 5:16am Oct 20, 2023 5:16am
Quoting MIKKI
{image}
Almost as good.
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  • #784,840
  • Oct 20, 2023 5:28am Oct 20, 2023 5:28am
USD/CAD has already started to break the bullish bias, the process seems to have started. This could mean a pullback of up to 50-70 pips for this pair. I would consider this move by the beginning of next week.
if that happens, it could be good news for G/U bulls.
this is just my own analysis.
maybe i'm not wrong.

H4.
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