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Cable Update (GBPUSD)

  • #807,801
  • Feb 6, 2024 6:46am Feb 6, 2024 6:46am
Bought GU 2545 TP 2600 and then sell
People don't plan to lose. They lose because they don't plan.
  • #807,802
  • Feb 6, 2024 6:48am Feb 6, 2024 6:48am
Quoting Ferna
{quote} Good question. I recognize this could be a ranging scenario, so i brought out my calculator to scalp it. Let me see, long 1.2542.

What signal gave you the idea to scalp at 2542?
Good entry
Don't Leave Money on the Table
  • #807,803
  • Feb 6, 2024 6:48am Feb 6, 2024 6:48am
Quoting ScalaFX
Bought GU 2545 TP 2600 and then sell
im looking at just over 12620 to sell. Potentially then looking for 12450 which we didn’t see in December
Insane in the Brain..
  • #807,804
  • Feb 6, 2024 6:50am Feb 6, 2024 6:50am
Quoting Ferna
{quote} So i try to keep both directions in mind with pendings. This a scalp for a bit over 10 pips. i don’t know if it’s a good amount, but maybe it adds up? you a scalper?
Hi, yeh understand. I am a scalper too or more accurately - I take intraday positions, some scalp some longer depending on what the subsequently higher t/f candles close as from that used for my entry, ie let some run intraday for bigger targets, but always flat at session end.
Trader with an Edge.
  • #807,805
  • Feb 6, 2024 6:50am Feb 6, 2024 6:50am
Go bulls
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yes yes yes
  • #807,806
  • Feb 6, 2024 6:53am Feb 6, 2024 6:53am
Quoting HaLBot
{quote} What signal gave you the idea to scalp at 2542? Good entry
I don't know about Ferna but after that last 1hr bullish engulf of last 2 close and p/back, we got the bullish exp tri on 5min and a good point 5 bullish engulf close trigger.

5min below
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Trader with an Edge.
  • #807,807
  • Feb 6, 2024 6:54am Feb 6, 2024 6:54am
Quoting Jackoboms
{quote} This trade still holding?
yes
  • #807,808
  • Feb 6, 2024 6:56am Feb 6, 2024 6:56am
Quoting TraderFX.Id
going well..will close at $100 profit secure {image}
done today lol
dont teach me how to buy. im sellers!!
  • #807,809
  • Feb 6, 2024 6:57am Feb 6, 2024 6:57am
Pound/Dollar short made an additional positive and escaped.
H4's DEMA and EMA have crossed up, so we are looking upwards.
However, we will close today as the volatility is small and the situation is unsuitable for trading.

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  • #807,810
  • Feb 6, 2024 6:59am Feb 6, 2024 6:59am
It's 100% a bullish daily candle.
Same pattern, same format. London range stop hunt + trapping traders, NY push upwards. :/
I know pattern may not always be the same, but this is the 6th (probably more than that) time I'm looking at this in my past 1.5 years of trading :/
Expect 1.26 at least for today, can break even higher.
Exhausted
  • #807,811
  • Feb 6, 2024 7:00am Feb 6, 2024 7:00am
Quoting OperaniyiFx
{quote} yes
Great one bro. I believe you. Good luck
  • #807,812
  • Feb 6, 2024 7:04am Feb 6, 2024 7:04am
...after that last 1hr close, or those 2 x last 1hr closes, who would bet against more upside now? Still only a p/back of the downmove from 2772-2519 on 4hr so far, so perhaps the upside potential is still limited?
Trader with an Edge.
  • #807,813
  • Feb 6, 2024 7:04am Feb 6, 2024 7:04am
Quoting Ferna
{quote} You see this kind of older men at the gym too, they approach you, creeping up on you with their spaghetti-arms and start to give you advice on how to train. Even due they lift 1/3 of what you lift, they somehow believe they are retired professional athletes, cause they played 2 years of football while in college or some shit like that. Every time they are at the gym, you see them walking around talking to everyone, and they are somehow offended when you focus on gaining muscle instead of talking to them. If you are polite to them, they somehow...
I'm guessing you make sure you're in the gym around 3pm when the schoolkids come in? To avoid the "old men" of course.
  • #807,814
  • Feb 6, 2024 7:05am Feb 6, 2024 7:05am
Break it up
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yes yes yes
  • #807,815
  • Feb 6, 2024 7:07am Feb 6, 2024 7:07am
Monitoring M15 and H1, currently no signs of stopping the upwards move.

1.26 first stop, 1.262 second stop. beyond that idk.
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Exhausted
  • #807,816
  • Feb 6, 2024 7:10am Feb 6, 2024 7:10am
Had to close out the trade, still in profit tho, but, seems like, according to the formations, the USD is done for some time. We wll do the correction of this down slope. So looking for some time off.
  • #807,817
  • Feb 6, 2024 7:12am Feb 6, 2024 7:12am
Quoting Ferna
{quote} 1.2542 -> 1.2555 = 13 pips.
wow
People don't plan to lose. They lose because they don't plan.
  • #807,818
  • Feb 6, 2024 7:13am Feb 6, 2024 7:13am
try my luck..short 2570 will adding more if break 2550
dont teach me how to buy. im sellers!!
  • #807,819
  • Feb 6, 2024 7:32am Feb 6, 2024 7:32am
Sellers still lurking, m5 retesting BoS zone.
Exhausted
  • #807,820
  • Feb 6, 2024 7:37am Feb 6, 2024 7:37am
I would like to make some corrections to the previous explanation.
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