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Cable Update (GBPUSD)

  • #795,061
  • Dec 5, 2023 3:09am Dec 5, 2023 3:09am
Quoting Konichiwhaat
{quote} Are you in any trades at the moment Dan? How everything going? Are you up for the year?
Currently I am looking for a trading opportunity for today.
I am comfortable with the trading system that I have come up with and I am working to grow my account.

How are you doing?
  • #795,062
  • Dec 5, 2023 3:12am Dec 5, 2023 3:12am
last add short..my phone has died..sl to 26665
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  • #795,063
  • Dec 5, 2023 3:14am Dec 5, 2023 3:14am
Quoting dantpm
{quote} Currently I am looking for a trading opportunity for today. I am comfortable with the trading system that I have come up with and I am working to grow my account. How are you doing?
That's excellent, comfort is key Yeah its been a good year. Bread and butter trades ticked over well. But my venture into scalping is challenging. Hats off to all the successful scalpers out there!
Emotional Control. Process, not outcome.
  • #795,064
  • Dec 5, 2023 3:17am Dec 5, 2023 3:17am
Quoting Konichiwhaat
{quote} That's excellent, comfort is key Yeah its been a good year. Bread and butter trades ticked over well. But my venture into scalping is challenging. Hats off to all the successful scalpers out there!
Here is a scalping setup that I am exploring. It uses TSI indicators in the 1, 5 and 15 minute intervals and various moving averages that align just inside the 1 hour harmonics of the market.
Ideally I would like an EA to trade this approach if I can get the rules clarified.
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  • #795,065
  • Dec 5, 2023 3:21am Dec 5, 2023 3:21am
Quoting dantpm
{quote} Here is a scalping setup that I am exploring. It uses TSI indicators in the 1, 5 and 15 minute intervals and various moving averages that align just inside the 1 hour harmonics of the market. Ideally I would like an EA to trade this approach if I can get the rules clarified. {image}
Wow, full on! That will keep you busy
Emotional Control. Process, not outcome.
  • #795,066
  • Dec 5, 2023 3:21am Dec 5, 2023 3:21am
Some uk data in less than 10 mins might give a spring board to the GBP if forecast is correct
Insane in the Brain..
  • #795,067
  • Dec 5, 2023 3:22am Dec 5, 2023 3:22am
Quoting dantpm
{quote} Here is a scalping setup that I am exploring. It uses TSI indicators in the 1, 5 and 15 minute intervals and various moving averages that align just inside the 1 hour harmonics of the market. Ideally I would like an EA to trade this approach if I can get the rules clarified. {image}
Just get Moty to trade it for you.
Congratulations ScalaFX for coming out of the closet!
  • #795,068
  • Edited 3:38am Dec 5, 2023 3:28am | Edited 3:38am
G/M, bearish day y/day after supply encountered @ the prev 1hr/4hr/minor dly sw hi zone that extends up to 2732, (2724 Mon's dly hi.) So far today a false 1st downside break of the Asian lo and upside pullback with demand ran into again on the test of the prev 1hr x 3 (now 4)/4hr x3/minor dly sw lo zone that extends down to 2603. Asian hi is presently the current dly hi.

1hr below
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Trader with an Edge.
  • #795,069
  • Dec 5, 2023 3:31am Dec 5, 2023 3:31am
Quoting nubcake
{quote} Just get Moty to trade it for you.
Moty and I have the same problem. Great ideas, well thought out and then lousy execution (enter too early, enter too late,,,)
The joys of learning this business.
An EA that follows the rules that I don't. A guy can dream.
  • #795,070
  • Dec 5, 2023 3:43am Dec 5, 2023 3:43am
Quoting Yngwie
Long 1.2616
closed 18p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #795,071
  • Dec 5, 2023 3:48am Dec 5, 2023 3:48am
Quoting Konichiwhaat
{quote} 12,13,14 and 15 {image}
16, 17, 18, 19 and 20. So... its been weird. Its actually a little bit sickening to read my own notes from today and yesterday. Like I was possessed, breaking rules, trigger happy. Trades 19 and 20 should have been my ONLY trades today as they were the ONLY trades where I ACTUALLY stuck to my plan. Anyway, ending this batch of 20 down but not out, and as promised, this is my last post about this strategy. Lots has been learned about scalping, myself as a potential scalper and what it will take to try to succeed as a scalper of GU. Onwards and upwards!
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Emotional Control. Process, not outcome.
  • #795,072
  • Dec 5, 2023 3:50am Dec 5, 2023 3:50am
Quoting voeltoez
{quote} break of 2600 gu will unstopable freefall..
2 big news NY session
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #795,073
  • Dec 5, 2023 3:54am Dec 5, 2023 3:54am
Quoting Yngwie
{quote} 2 big news NY session

Not for 5 hours!
  • #795,074
  • Dec 5, 2023 3:54am Dec 5, 2023 3:54am
Quoting Yngwie
{quote} 2 big news NY session
yup good data for us should allow a breakthrough below 126
Insane in the Brain..
  • #795,075
  • Dec 5, 2023 4:00am Dec 5, 2023 4:00am
The prev 1hr/4hr/minor dly sw hi zone that extends to last week's 2732 is partly coexistent with the prev 4hr/dly sw hi zone = prev res = pot res that extends up to 2747. Similarly the prev 1hr/4hr/minor dly sw lo zone = prev supp = pot supp that extends to 2603 (Fri's lo) is partly coexistent with the prev 1hr/4hr sw lo zone that extends down past 2 x fibs (@ fri's 2603 lo,) to 2600. Price trades between these @ the moment.

4hr below
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Trader with an Edge.
  • #795,076
  • Dec 5, 2023 4:01am Dec 5, 2023 4:01am
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yes yes yes
  • #795,077
  • Dec 5, 2023 4:05am Dec 5, 2023 4:05am
Quoting Fardeen1209
{quote} Trying to match EW with market structure to get best result possible. GU-Ew + Market structuire{image} Till Dz, external structure(H4) will be still intact - New HL for WAVE v , So (c) still achievable, for me- RSF or more possible for 1hr DZ - both level very high possibility for start of WAVE v. If market traded back to 1.225 level, shorting no longer attractive. Switch to long sentiment. OR simply wait for on which fractals we are for wave (c) at first level of interest (BO/RT) - (iii) or (v) since Wave (c) need to have 5 mini waves
Support retest from LH= bearish sign.
So last last LL,LH before big money start positioning for NFP- Wave V
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But who knows what the future will looks like, Friday close stopped out my previous Swing Shorts, need to reposition at a much lower prices. Hate those suckers who went for my previous invalidation level
More time in the market, does not mean you trade better!
  • #795,078
  • Dec 5, 2023 4:07am Dec 5, 2023 4:07am
come on mister gold mf
give me back my money
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yes yes yes
  • #795,079
  • Dec 5, 2023 4:07am Dec 5, 2023 4:07am
Short Averaging eu
sl on pict
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  • #795,080
  • Dec 5, 2023 4:07am Dec 5, 2023 4:07am
Where's navk? Did his stops getting hit today bankrupt him? I need to know what todays range will be :/
Congratulations ScalaFX for coming out of the closet!
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