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Cable Update (GBPUSD)

  • #785,781
  • Oct 25, 2023 4:55am Oct 25, 2023 4:55am
It can be real...
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  • #785,782
  • Oct 25, 2023 4:55am Oct 25, 2023 4:55am
Quoting cgpips
had short @1.21753 so far the ace price of today My problem is when it's the right time i become more conservative to add up positions. the tricky bounce area 1.21600 ~ 1.21730 was quite scary. {image} {image} {image}
not really see above 15 min...
  • #785,783
  • Oct 25, 2023 4:55am Oct 25, 2023 4:55am
Bought GU 1.2115... target 1.2150
Second buy pending at 1.2080, target 1.2120.
Data + Stat + Risk/Emotions Management
  • #785,784
  • Oct 25, 2023 4:56am Oct 25, 2023 4:56am
The moment of truth, is it flag(*pennant) or not?
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  • #785,785
  • Oct 25, 2023 4:56am Oct 25, 2023 4:56am
I did wrongly
The margin of error is very very minimal, but I did wrongly.

Learn...learn, keep diciplined.
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Intraday only.
  • #785,786
  • Oct 25, 2023 4:57am Oct 25, 2023 4:57am
Added a small long at 12117
Insane in the Brain..
  • #785,787
  • Oct 25, 2023 4:57am Oct 25, 2023 4:57am
Quoting stormtrader
{quote} {image}
GU must breach 1.2089 on the daily candle and close higher than that. then we have the complete pattern so maybe we need to wait a bit untill closing tonight in order to confirm the set up. i will be back with more on time.
UJ needs another 3,5 hours to confirm set up.
US 30 WILL BE EAXCTLY THE OPPOSITE OF UJ SO ONE SET UP FOR BOTH
  • #785,788
  • Oct 25, 2023 5:02am Oct 25, 2023 5:02am
Quoting Georginson
Bought GU 1.2115... target 1.2150 Second buy pending at 1.2080, target 1.2120.
Interesting, any more insights? I just can see PA is behaving a bit different now. I have no clue why it should stop at 1.2115 now.
  • #785,789
  • Oct 25, 2023 5:04am Oct 25, 2023 5:04am
Quoting navk
I did wrongly The margin of error is very very minimal, but I did wrongly. Learn...learn, keep diciplined. {image}

This crazy PA is wrong-footing alot of great traders Navk.
dont let it get to you
in wondering about yourself, you forgot what you came here to be part of
  • #785,790
  • Oct 25, 2023 5:07am Oct 25, 2023 5:07am
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Next level hit. If it breaks then look to tl
  • #785,791
  • Oct 25, 2023 5:09am Oct 25, 2023 5:09am
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  • #785,792
  • Oct 25, 2023 5:10am Oct 25, 2023 5:10am
Quoting Yngwie
Long 1.2115
May I ask how you come up with 1.2115 level?
  • #785,793
  • Oct 25, 2023 5:11am Oct 25, 2023 5:11am
I think what we see today (and probably yesterday already) is the clash of intra-day traders and swing traders with deeper pockets where swing traders try to grap the money from intra-day traders with seldom occurances like yesterday already and even today. So if you can survive these days as intra day trader / scalper you will be very sure profitable in the long run. I'm currently yesterday +/-0 and today not yet 1 avg. day down which is awesome for such a market. One normal day and I'm 0 again and: day is not yet over, I can still manage, even today, to get +/-0 again.

For larger time frame traders, currently is heaven. That's where they make money,- unfortunately for them that (movements) are very seldom.

Edit: Statistically we are complete in an extrem now. I go 2 x avg. Position long on 1.2117 for scalp first. I kicked out before at 1.2121 with a potential loss. This approach is not technical analysis, it is pure statistically, please be careful doing the same.
  • #785,794
  • Oct 25, 2023 5:13am Oct 25, 2023 5:13am
Quoting stormtrader
{quote} {image}
first step checked. Price moves above the 4h fractal
now we need to close 4h below that and we re set
  • #785,795
  • Oct 25, 2023 5:15am Oct 25, 2023 5:15am
2085-2100 is lower bands area H4...may bounce from there..or if break ..continue down to 1.2000...
expect todays range 200pips
  • #785,796
  • Oct 25, 2023 5:17am Oct 25, 2023 5:17am
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yes yes yes
  • #785,797
  • Oct 25, 2023 5:19am Oct 25, 2023 5:19am
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  • #785,798
  • Oct 25, 2023 5:19am Oct 25, 2023 5:19am
Long @ 1.2118
  • #785,799
  • Oct 25, 2023 5:20am Oct 25, 2023 5:20am
Quoting tradexyz
{quote} not really see above 15 min...
Normally I watch H1/M15 for set up / M1 for execution.
Sometimes the reversal will really surpass the previous high, my winner positions then become BE.
So I often confused about should I close my positions TP earlier or not.

I got your point, thanks for your advise.
  • #785,800
  • Oct 25, 2023 5:21am Oct 25, 2023 5:21am
Final Long at 1.21198

TP at 1.21674

No SL.

I hope it gives me what I want.
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