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Cable Update (GBPUSD)

  • #712,201
  • Dec 7, 2022 10:26am Dec 7, 2022 10:26am
Quoting Wavegarrick
{quote} Hi Guys, I am going to be careful getting too bearish on GbpUsd. Usdx as well as Gu sitting at the 50% Fib retrace of the weekly high to low. We are at a level that price could swing back in the intended direction. Trade safe. Cheers. Usdx daily chart: {image}
Buy trade entered at 1.21808 for upwards continuation.
Take care.
Attached Image (click to enlarge)
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Trade to trade another day
  • #712,202
  • Dec 7, 2022 10:30am Dec 7, 2022 10:30am
Quoting kuroro001
Another EU/GU daily pivot retest, this time from above, would be good, and below it would be better
GU back at it, if it can sustain a move below it, good chances of seeing new lows again
COT: The precious data ignored
  • #712,203
  • Dec 7, 2022 10:37am Dec 7, 2022 10:37am
Rejection of pivot…
Insane in the Brain..
  • #712,204
  • Dec 7, 2022 10:40am Dec 7, 2022 10:40am
Quoting Bella.al
{quote} Current Rate : 1.21857 It's again doing the "Bella's Support : 1.21724" Test... waiting for an Update: -Bella's Blue {image}

It is really paying off Late night hours .... still supported above 'Bella's Support : 1.21724'

if any one wants to know what i am talking about , link : https://www.forexfactory.com/thread/...3#post14246653

Waiting for an Update : Looking for Objective 1 : 1.22645

Bella's Blue
Attached Image (click to enlarge)
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Goddess of Thunder..
  • #712,205
  • Dec 7, 2022 10:40am Dec 7, 2022 10:40am
Quoting BeeTogether
Rejection of pivotïŋ―
yup

still looking at break down at some point though
COT: The precious data ignored
  • #712,206
  • Dec 7, 2022 10:43am Dec 7, 2022 10:43am
Quoting DrDave
{quote} Indicators are a visual display of the results of mathematical calculations. As long as the equipment doing the calculations has no errors, then the indicators perform accurately ALL THE TIME, EVERY TIME. However, a person's interpretation of some kind of signal from that indicator, such as entering a trade or exiting a trade, when checked for correlation with a winning outcome for a series of trades can certainly show poor correlation. But that is not due to the indicator not performing accurately, but rather from how the person uses the...
I completly dissagree. The industry promotes indicators and a conventional trading language to get every trader hooked preventing someone discovers the Holy Grail on its own. I once was told to go back to basicsas if there were guidelines to follow. In such a case we would all be winners.
Let me propose you the following, you tell me your entries, one at a time and i will prove your indicators donīt work.
POSTMASTER
  • #712,207
  • Dec 7, 2022 10:47am Dec 7, 2022 10:47am
Quoting Robinhood1
{quote} I completly dissagree. The industry promotes indicators and a conventional trading language to get every trader hooked preventing someone discovers the Holy Grail on its own. I once was told to go back to basicsas if there were guidelines to follow. In such a case we would all be winners. Let me propose you the following, you tell me your entries, one at a time and i will prove your indicators donïŋ―t work.

But how can you judge indicators don't work, if he gives you his entries and make money out of it ?

Trading is not only finding entries, if not exit
COT: The precious data ignored
  • #712,208
  • Dec 7, 2022 10:48am Dec 7, 2022 10:48am
Quoting Robinhood1
{quote} I completly dissagree. The industry promotes indicators and a conventional trading language to get every trader hooked preventing someone discovers the Holy Grail on its own. I once was told to go back to basicsas if there were guidelines to follow. In such a case we would all be winners. Let me propose you the following, you tell me your entries, one at a time and i will prove your indicators donīt work.
I agree with you. I have been struggling with indicators, one after other. Finally I found that I am trying to drive seeing the back view mirror. Indicators can tell you very nicely what happened. But can't tell you, whats going to happen.
I have removed all indicators from my chart (except my own that just tell me today move and replacements).
  • #712,209
  • Edited 10:59am Dec 7, 2022 10:48am | Edited 10:59am
Quoting Robinhood1
{quote} I completly dissagree. The industry promotes indicators and a conventional trading language to get every trader hooked preventing someone discovers the Holy Grail on its own. I once was told to go back to basicsas if there were guidelines to follow. In such a case we would all be winners. Let me propose you the following, you tell me your entries, one at a time and i will prove your indicators donīt work.
inca des cent for a penny works think about in a another light indicator usdeurgbp opendoor new private window with tor BV tsx listed
  • #712,210
  • Dec 7, 2022 10:52am Dec 7, 2022 10:52am
Quoting kuroro001
{quote} But how can you judge indicators don't work, if he gives you his entries and make money out of it ? Trading is not only finding entries, if not exit
If he gives me his entries winning rate 0% garanteed. I will go in with him.
POSTMASTER
  • #712,211
  • Dec 7, 2022 10:56am Dec 7, 2022 10:56am
Quoting Robinhood1
{quote} If he gives me his entries winning rate 0% garanteed. I will go in with him.
0% lol

Even with bad luck you'll have winnings
COT: The precious data ignored
  • #712,212
  • Dec 7, 2022 10:57am Dec 7, 2022 10:57am
Quoting Robinhood1
{quote} I completly dissagree. The industry promotes indicators and a conventional trading language to get every trader hooked preventing someone discovers the Holy Grail on its own. I once was told to go back to basicsas if there were guidelines to follow. In such a case we would all be winners. Let me propose you the following, you tell me your entries, one at a time and i will prove your indicators donīt work.
you tell me your entries, one at a time and i will prove your indicators donīt work

LOL. No need. I have my lagging indicators that I use every time that I trade, and my success rate over hundreds of trades shows me that they serve me well.

But just for fun, see the screen capture below of 2 scalps that I made recently. Now feel free to provide proof that the indicators "don't work".
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 17 KB
To free Gazans of Hamas, use whatever it takes.
  • #712,213
  • Dec 7, 2022 10:59am Dec 7, 2022 10:59am
Quoting kuroro001
{quote} 0% lol Even with bad luck you'll have winnings
Not if you are underwater from the beggininig unless you want to leave trade for donkey years
POSTMASTER
  • #712,214
  • Dec 7, 2022 10:59am Dec 7, 2022 10:59am
i was wrong
took long aussie because my equity is low for gu
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 17 KB
yes yes yes
  • #712,215
  • Dec 7, 2022 10:59am Dec 7, 2022 10:59am
Quoting nAVIN2007
{quote} right now..he is is looking right lol
his conditions broke day 1, which he confirmed
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #712,216
  • Dec 7, 2022 11:02am Dec 7, 2022 11:02am
that means the weekly already broke up
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #712,217
  • Dec 7, 2022 11:02am Dec 7, 2022 11:02am
Quoting DrDave
{quote} you tell me your entries, one at a time and i will prove your indicators donīt work LOL. No need. I have my lagging indicators that I use every time that I trade, and my success rate over hundreds of trades shows me that they serve me well. But just for fun, see the screen capture below of 2 scalps that I made recently. Now feel free to provide proof that the indicators "don't work". {image}
I donīt use indicators and wining. I disagree that indicators can make you win. Its either waves, candles, patterns, channels, in other words, reading charts. Indicators cannot adapt to how charts can stretch according to velocity
POSTMASTER
  • #712,218
  • Dec 7, 2022 11:02am Dec 7, 2022 11:02am
Quoting Coreg2004
{quote} Georginson, I saw your previous post with the target @1.19 and agreed with your comment. I contemplated "accusing" you (again) of using EW analysis... but I restrained myself. What is so significant about 1.2250? {image}
hi king.

i wonder in the 5th extension of yours, 4th allow to penetrate 1th top?
  • #712,219
  • Dec 7, 2022 11:05am Dec 7, 2022 11:05am
Quoting Robinhood1
{quote} I completly dissagree. The industry promotes indicators and a conventional trading language to get every trader hooked preventing someone discovers the Holy Grail on its own. I once was told to go back to basicsas if there were guidelines to follow. In such a case we would all be winners. Let me propose you the following, you tell me your entries, one at a time and i will prove your indicators donīt work.
The industry promotes indicators and a conventional trading language to get every trader hooked
And that is another area where I deviate from "every trader". I don't approach trading from the "conventional" perspective. Do you know any other trader that uses a series of TFs from 1 minute through Monthly in which most of the TFs are not part of popular charting applications such as MetaTrader? How about anyone that has a DYNAMIC "focus" to identify the optimum TF that is setting up for a trend continuation entry versus using 2 or maybe 3 TFs only?
To free Gazans of Hamas, use whatever it takes.
  • #712,220
  • Dec 7, 2022 11:06am Dec 7, 2022 11:06am
Quoting Bones
that means the weekly already broke up
this thing better go up..
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