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Cable Update (GBPUSD)

  • #795,101
  • Dec 5, 2023 5:20am Dec 5, 2023 5:20am
Quoting navk
{quote} This trades was a story today. The long trades opened before frankfurt open. My thinking was frankfurt will go up for London to sell. Alas... frankfurt sold off. I reset my stop to 1.2605. And added more longs when Frankfurt was selling. 1.2606 promptly held. ( ) Then closed all long trades when London spiked. So, I passed phase 1 challenge which i bought on black friday deal. When frankfurt was dropping... the loss was well within limits.. less than 2 %. So, it was fine.
There you go folks. The way to win is to move your stops and then average down. So, basically don't have stops because they mean nothing.

Very pro. Make up a story to suit adding to losing trades

#winner #expert #forumking
Congratulations ScalaFX for coming out of the closet!
  • #795,102
  • Dec 5, 2023 5:21am Dec 5, 2023 5:21am
And it looks like more buys are there.

I spotted 1.2600 support early in NY session.
Intraday only.
  • #795,103
  • Dec 5, 2023 5:27am Dec 5, 2023 5:27am
Quoting Yngwie
sold 1.2636 Sl 1.2646
Feeling not good. Closed 3p
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #795,104
  • Dec 5, 2023 5:27am Dec 5, 2023 5:27am
...there may have been some very tight retail stops triggered - above the Asian hi?
Trader with an Edge.
  • #795,105
  • Dec 5, 2023 5:33am Dec 5, 2023 5:33am
Quoting Moty
show me the signal mf {image}
Ty mister adx
For 28 pips
Attached Image (click to enlarge)
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yes yes yes
  • #795,106
  • Dec 5, 2023 5:36am Dec 5, 2023 5:36am
Quoting navk
Now, ready for phase 2. Acc. credentials was sent within few seconds of passing phase 1. Will start phase 2 leisurely. No hurry. {image}
Who are you using may I ask?

I only have a 1 phase evaluation, 10% profit . Not trying to rush but trying to break things down and take a minimum profit each day .

You are right , risk management is key and not to trade with emotion. The market moves and there are always opportunities later on or another day. Once I pass evaluation it's about getting to wear I am now and slowly drawing out some profits and compounding.

Made my minimum for today so SL at break even for my open trade short GU from 1.26435
  • #795,107
  • Dec 5, 2023 5:38am Dec 5, 2023 5:38am
As you see in the chart, either buy should give up... or sell signal should give up.

Most probably buy signal give up IMO.

I may trade after break of 2600.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDxH1.png Size: 19 KB
Intraday only.
  • #795,108
  • Dec 5, 2023 5:44am Dec 5, 2023 5:44am
Sl 25 pips
Tp 37 pips , daily s1
Let's go
Attached Image (click to enlarge)
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yes yes yes
  • #795,109
  • Dec 5, 2023 5:48am Dec 5, 2023 5:48am
Quoting Yngwie
{quote} Feeling not good. Closed 3p
My 'gut' says it needs to pull back to push lower....
  • #795,110
  • Dec 5, 2023 5:50am Dec 5, 2023 5:50am
im done ..doubled account today
Attached Image (click to enlarge)
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  • #795,111
  • Dec 5, 2023 5:52am Dec 5, 2023 5:52am
...some consolidation now on 1hr after false 1st marginal upside break of Asian hi? Nice short for us lower t/f players - with the 5min regular bearish div and bearish engulf of the prev 3 candle close on that t/f. Alreadty a 15min prev sw hi zone created now @ current dly hi. Will it firm up into a 30min then 1hr?

1hr below
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Trader with an Edge.
  • #795,112
  • Dec 5, 2023 5:58am Dec 5, 2023 5:58am
Quoting Pat Chiko
{quote} GOLD update on scalping position{image}
Nice
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  • #795,113
  • Dec 5, 2023 5:58am Dec 5, 2023 5:58am
Quoting dantpm
{quote} My 'gut' says it needs to pull back to push lower....
This is what the croocks want you to think
They want to drop alone so they will suprise everybody and will drop without
It was supposed to happened in the morning but the Aussie reached adr low because of the interest rate announcement
yes yes yes
  • #795,114
  • Dec 5, 2023 6:15am Dec 5, 2023 6:15am
...a prev 15min sw lo zone now @ the current p/back lo off the current dly hi. Anyone's guess which will break first - current dly hi or lo? 42% 30day adr traveled so far today, with a false 1st break of both Asian lo and then hi.

1hr below
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Trader with an Edge.
  • #795,115
  • Dec 5, 2023 6:16am Dec 5, 2023 6:16am
Quoting Headland
...a prev 15min sw lo zone now @ the current p/back lo off the current dly hi. Anyone's guess which will break first - current dly hi or lo? 1hr below {image}
Tell me you don't have epilepsy without telling me you don't have epilepsy.

I'm going to agree with navk... price will either go up, or it will go down.
Congratulations ScalaFX for coming out of the closet!
  • #795,116
  • Dec 5, 2023 6:19am Dec 5, 2023 6:19am
[quote=Moty;14679126]{quote}drop /quote]
Attached Image (click to enlarge)
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  • #795,117
  • Dec 5, 2023 6:28am Dec 5, 2023 6:28am
Sell trades locked in at BE from 1.2640. Was initially aiming for daily S1 at 1.2585 but think if we break 1.26 there will be a lot of sell orders to take us a lot lower.
  • #795,118
  • Dec 5, 2023 6:57am Dec 5, 2023 6:57am
Quoting fxmasterdxb
{quote} pretty bearish to be honest, ill wait for a pull back to sell
once the door of 1.26 is open then this will drop massive, i expect one more leg up before the drop
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  • #795,119
  • Dec 5, 2023 7:01am Dec 5, 2023 7:01am
Quoting fxmasterdxb
{quote}once the door of 1.26 is open then this will drop massive, i expect one more leg up before the drop
The bottom has been tested 4 time already. And the high become lower and lower, I am afraid that won’t happen. But yes I want one more pull back to the top as well at least 1.26900 before that massive drop.
With courage, patience, and discipline, success is a matter of time.
  • #795,120
  • Dec 5, 2023 7:09am Dec 5, 2023 7:09am
Quoting JameRomeo168
{quote} The bottom has been tested 4 time already. And the high become lower and lower, I am afraid that won’t happen. But yes I want one more pull back to the top as well at least 1.26900 before that massive drop.
well i dont think GU has the fuel to go to 1.269 again but you never know, my educated guess would be max to 1.2655
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