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Cable Update (GBPUSD)

  • #752,541
  • Jun 16, 2023 10:38am Jun 16, 2023 10:38am
...Always trade your own plan...
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Always trade your own plan...I don't provide trading signals.
  • #752,542
  • Jun 16, 2023 10:42am Jun 16, 2023 10:42am
All my profit targets are hit for the week - should I hold this over the weekend as a freebie? It'll prob hit the trailing stop tbh but still debating just hodling it see what happens.
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  • #752,543
  • Jun 16, 2023 10:46am Jun 16, 2023 10:46am
Quoting Pat Chiko
{quote} Hi Fardeen Bro. The QM sequence is always follow the same price action pattern. The substance is the same ,only timing of movement is different. Here's another live example. This is my darling pairs traded GOLD on QM {image}
Thats become both continuation and reversal pattern then, if we properly applied it.
More time in the market, does not mean you trade better!
  • #752,544
  • Jun 16, 2023 10:48am Jun 16, 2023 10:48am
Quoting Coreg2004
...Always trade your own plan... {image}
I still failed to follow my system and be disciplined.
After all these trading time.
What I've gather so far is...
when I'm able to focus and follow my system correctly Im able to generate successful trades consecutively.

But when I start to fail, it's a consecutive losses.

It's either win win win all the way, maybe minor losses
Or lose lose lose lose all the way.
Exhausted
  • #752,545
  • Jun 16, 2023 10:51am Jun 16, 2023 10:51am
Quoting Pat Chiko
{quote} Most probably by end of this year. Still waiting for her to reply to my request. {image} I think , got 51% chance as I'm 5'9" tall tan skin and almost good looking....
Pat, in this case, you don't need to take the test. Just don't take the plane to enter the US, use other options.
Always trade your own plan...I don't provide trading signals.
  • #752,546
  • Jun 16, 2023 10:51am Jun 16, 2023 10:51am
Quoting Orangeapple
All my profit targets are hit for the week - should I hold this over the weekend as a freebie? It'll prob hit the trailing stop tbh but still debating just hodling it see what happens. {image}
At least hold for a few more hours, unless you wanna hit the sack and call it a day.
Monday open tends to have gaps.
Exhausted
  • #752,547
  • Jun 16, 2023 10:54am Jun 16, 2023 10:54am
Quoting Elysion
{quote} I still failed to follow my system and be disciplined. After all these trading time. What I've gather so far is... when I'm able to focus and follow my system correctly Im able to generate successful trades consecutively. But when I start to fail, it's a consecutive losses. It's either win win win all the way, maybe minor losses Or lose lose lose lose all the way.
In a strongly trending scenario...One should follow weekly low or high as prefered bias.

And try to avoid trading against it.

IMO
Intraday only.
  • #752,548
  • Jun 16, 2023 10:55am Jun 16, 2023 10:55am
Quoting Elysion
{quote} I still failed to follow my system and be disciplined. After all these trading time. What I've gather so far is... when I'm able to focus and follow my system correctly Im able to generate successful trades consecutively. But when I start to fail, it's a consecutive losses. It's either win win win all the way, maybe minor losses Or lose lose lose lose all the way.
There's a good book that talks about that - Trading In The Zone I think its called? It had these idea that when we trade a system we view the market objectively thus can make better decisions. To deviate from a system creates these mental blocks so we cannot view the market as accurately, thus our accounts suffer.
  • #752,549
  • Jun 16, 2023 10:56am Jun 16, 2023 10:56am
Quoting Coreg2004
...Always trade your own plan... {image}
My plan is always to copy other people trades.
Does that count as plan ?....

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #752,550
  • Jun 16, 2023 10:56am Jun 16, 2023 10:56am
Quoting voeltoez
short 1.2833. tp 1.2700 sl 1.2900
closed +25pips 1.2808 not enough power to down..
set sell stop @1.2800 to catch spike down..
  • #752,551
  • Jun 16, 2023 11:00am Jun 16, 2023 11:00am
Misleading posts here.

New guys to take a note.

Trade always your plan/your analysis.

Copying other trades some times/ most times will lead to disaster.

People with huge capital can survive... traders with 1000 usd deposit bound to loose the account.
Intraday only.
  • #752,552
  • Edited 11:16am Jun 16, 2023 11:00am | Edited 11:16am
Quoting Elysion
{quote} I still failed to follow my system and be disciplined. After all these trading time. What I've gather so far is... when I'm able to focus and follow my system correctly Im able to generate successful trades consecutively. But when I start to fail, it's a consecutive losses. It's either win win win all the way, maybe minor losses Or lose lose lose lose all the way.
likely typical may due overtrading , revenge trading or continuous trading or simply more confidence in any set ups / system or mental . be more flexible , specially in scalping , little in swing multi day and medium to long term low ! always take a pause when there problem , but not go against market , we always do as in any probable limit , tl or any such levels as per wave form in charts ! not likely it be works always. though 90% cases ok near perfect still some turmoils need to shakeout to and work perfect at last ! so all ok , still may loose some trades and confused ! ! take care
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #752,553
  • Jun 16, 2023 11:01am Jun 16, 2023 11:01am
128 not breaking however it’s Friday evening here. Time to foxtrot Oscar outta here have a safe but fun weekend all
Insane in the Brain..
  • #752,554
  • Edited 12:17pm Jun 16, 2023 11:02am | Edited 12:17pm
Whomever went long on UJ since Asian open.
Congratz on your 200+ pips within a day.
I didn't took the trade.
Exhausted
  • #752,555
  • Jun 16, 2023 11:08am Jun 16, 2023 11:08am
Quoting navk
{quote} In a strongly trending scenario...One should follow weekly low or high as prefered bias. And try to avoid trading against it. IMO
Yeah, this week I definitely failed miserably due to not checking on weekly tf. I rarely used that timeframe so I didn't actually thought about it.

Now that I've seen it, the dip on Monday was a good place to buy and hold through the week.
Exhausted
  • #752,556
  • Jun 16, 2023 11:10am Jun 16, 2023 11:10am
Quoting Elysion
{quote} I still failed to follow my system and be disciplined. After all these trading time. What I've gather so far is... when I'm able to focus and follow my system correctly Im able to generate successful trades consecutively. But when I start to fail, it's a consecutive losses. It's either win win win all the way, maybe minor losses Or lose lose lose lose all the way.
Elysion, I can only talk about what had worked for me to make me a disciplined trader.
1) Choose your signature setup - one for now (with the best win/loss ratio) and sit on your hands (literally not figuratively) until the setup shows up to enter/exit the trade.
2) Write down on the index card what are you going to do, and follow it to the letter.
3) Choose 2-3 trading blocks for 2-3 hours so you sharpen your focus.
4) Do this for the next 20 trades, and then assess the progress.
Just give it a try. Good luck.
Always trade your own plan...I don't provide trading signals.
  • #752,557
  • Jun 16, 2023 11:10am Jun 16, 2023 11:10am
Quoting navk
Misleading posts here. New guys to take a note. Trade always your plan/your analysis. Copying other trades some times/ most times will lead to disaster. People with huge capital can survive... traders with 1000 usd deposit bound to loose the account.
It is only common sense!
The person you are copying gets busy and doesn't post an update about his trade status. It HAPPENS A LOT!
  • #752,558
  • Jun 16, 2023 11:15am Jun 16, 2023 11:15am
Quoting Fardeen1209
{quote} Thats become both continuation and reversal pattern then, if we properly applied it.
Hi Fardeen Bro.

The same principle applies to lower time frames, (in this case M30) as they follow the same sequence.
Just remember that there is always an inducement before the actual QM.

Some people call this the break stop zone (BSZ), while others call it a trap.
These are the levels that you need to be aware of when taking any QM trades.

Always start by analyzing the structure first, and then time your entry, usually at the close of the H4 or H1 candle.
No matter what you call it, this is a technique used by market makers (MMs) to get liquidity from uninformed traders.

NOTE : BSZs are areas on a chart where there is a high concentration of stop-loss orders.
That;s why , retail traders are induce into getting into the wrong side or early entry ended up large draw down (FOMO)
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MMs often target these areas when they want to buy or sell large blocks of shares.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #752,559
  • Jun 16, 2023 11:17am Jun 16, 2023 11:17am
Quoting navk
{quote} Your analysis, I view seriously. Might be after a correction... the price could see 3000.
Weekly OB at 1.300 looks like a targeted zone for large traders.
Question will the market goes to 1.3 first then retrace or retrace to 1.266 EQH then 1.3?
Current price at almost exactly half distance between these 2 targets
More time in the market, does not mean you trade better!
  • #752,560
  • Jun 16, 2023 11:19am Jun 16, 2023 11:19am
Quoting dantpm
{quote} It is only common sense! The person you are copying gets busy and doesn't post an update about his trade status. It HAPPENS A LOT!
Exactly, the people never posts update on the trades.

Poor new guys follow think that still the trades are open,

Coreg mentioned that I took a trade few days ago with 70 pips profit.

Most of times, i get out of trade if asian high breaks out.

Or my risk management EA takes loss.

On the same day... some people found that price as daily resistance and had bigger target and never posted an update on daily resistance trade.

And the moral of the story is :

NEVER EVER COPY ANYONE

NEVER EVER TRADE WITHOUT A STOP LOSS.

Because the analysis posted here is free one and DO NOT EXPECT UPDATE
Intraday only.
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