Here's why I'm building short positions. Chart is D1, pretty blatant that the htf is pointing down again.
I pick no sides tho, if things suddenly change I'll get out without any hesitation & reverse position. For now I am bearish.
Thank You
Why is GBPUSD called cable? 67 replies
Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
cable short for gbpusd? 6 replies
DislikedHere's why I'm building short positions. Chart is D1, pretty blatant that the htf is pointing down again.
I pick no sides tho, if things suddenly change I'll get out without any hesitation & reverse position. For now I am bearish.Ignored
DislikedHere's why I'm building short positions. Chart is D1, pretty blatant that the htf is pointing down again.
I pick no sides tho, if things suddenly change I'll get out without any hesitation & reverse position. For now I am bearish.Ignored
Disliked5850 is a good level to keep in mind for this weekly closing price.
hourly can go below, above, below again, and again above.
just to say: be careful using it as entry for longs nowIgnored
DislikedThere have been some lunatic posts this morning but yours goes to the top of the tree. At least the others were not about trading.
Now before you take offence, where is your reasoning? At least post a chart.Ignored
DislikedGood charts and so be sure to let me know when you are adding and why. I'm still waiting for some kind of pull back to add, but it's always tricky.. Big news in 3 minutes. Out.Ignored
DislikedI won't defend myself because I was lazy posting chart when I made this post. My reason for LONG position is confluence between the 5870 level and my MA there. My view about this is bears taking a break, probably some will close their position opting me to enter LONG there for scalping. I can't give you more explanation because I rely on my hunch and I don't know how I will explain that.Ignored
DislikedGood charts and so be sure to let me know when you are adding and why. I'm still waiting for some kind of pull back to add, but it's always tricky.. Big news in 3 minutes. Out.Ignored
Dislikedyeah, i second on that... i also wanted to add on my position but no valid pullback to let me do that..
hey wormie.. make sure you tell us when you are making new position on cable eh..Ignored
DislikedI won't defend myself because I was lazy posting chart when I made this post. My reason for LONG position is confluence between the 5870 level and my MA there. My view about this is bears taking a break, probably some will close their position opting me to enter LONG there for scalping. I can't give you more explanation because I rely on my hunch and I don't know how I will explain that.Ignored
DislikedThat's the thing tho, 2 ways to add, the norm is to wait for a pullback, the other is at the break of a level. LTF on cable m5 right up to the H1 have 2 consecutive close below the monthly pivot, I used that to add earlier.
Risky I know, but hey look at yoorow, 200 pips dive with no significant pullback, you wait, you don't get paid
Dinner time for me. Cheers fellas take care!Ignored
DislikedThanks. So profit taking perhaps? Looking towards the London close for that, possibly? Probably will shake things up. I have waited over 2 hours to take profit on a trade at 1.5860. How's that for patience?Ignored
Dislikedhow am i gonna add to price like this? Perhaps i might just TP at my target levels.. oh my..
aku tak boleh la bro nak add kalau takde pullback.. takuttt.. lol.Ignored
DislikedHow is this for a strategy: Switch to M5 chart with a 30ATR indicator. When you see 2 bullish candles together, enter a sell order immediately, SL is 2*ATR, move to BE at 2*ATR profit. TP is 3*ATR if you must. Rinse and repeat, but only if the next order is lower than your last. I don't know if it would work?Ignored
Dislikedthanks mate. i would try to test that strategy.. i think it might be useful in catching the price in market like this.. and market moving like this quite rare, definitely not normal..
do you have any strategy by using the h4?
all the best mate..Ignored