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Cable Update (GBPUSD)

  • #458,801
  • Mar 25, 2018 12:55am Mar 25, 2018 12:55am
Quoting Olabanji-Tex
Please can anyone tell me about a trading system that works most of the time.
Sounds to me like you are quite new to trading and seeking an easy way out of learning the ropes.

You will find the better traders in this forum have been trading for many years and worked very hard to find a trading method that works most of the time for themselves. This does not imply other traders will have the same outcomes because there are many variables to consider not the least of which is emotion. Some people literally freeze and cannot place the trade in the first place because they lack the confidence of developing the trading method for themselves.

You have to come up with whatever suites you and you need to test the method with real money even if it is only 10 cents a pip. This can take anything from 6 months to a year depending on your commitment to study.

I don't know about your seeking a trading system that works most of the time but I can tell you of one that works all of the time and that is simply don't trade at all if you are not prepared to do the work.

It is of no use to you at all adding indicators unless you are seeking certain information that can be of value to your method. There are thousands of them all telling different stories. Consider your method first, then see if there are any indicators that truly help help.

My method is as simple as it gets...price rising = BUY, price falling = SELL, not sure HEDGE
  • #458,802
  • Mar 25, 2018 1:14am Mar 25, 2018 1:14am
Following all I bring you here last week
The moving average 300 is actually the trend
The price usually reaches the moving average 300 and then price goes to a new high or low
GBPNZD is on weekly SMA300 +Last Daily Bollinger Band
*GBPAUD have Red BLUE BLUE +SMA800 at daily chart

GBPUSD have 2 red engulfing candle that get a low+ Daily Mid Bollinger Band


I add you here example of sma300 past good trade and SP500 and pic of GBPUSD and GBPNZD

*Someone here said that when price go up he see ppl add shorts post
So at least I can testify that it is not always like this
It's just that some strong tools are involved

Look at sp500 pic , when price was on sma300 ppl (noobs) say that trend is down , but pro know that trend is up and the sma300 is the end of the repair or at least strong test of the trend


GL HF trade safe and have a good week all
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: SMA300_1.jpg Size: 157 KB
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  • #458,803
  • Mar 25, 2018 3:39am Mar 25, 2018 3:39am
Quoting Tsar
{quote} {quote} Hi Olabanji-Tex, I providing Information for you... The Chart Pattern is Intermediate of Technical Analysis (even the Highest). Can be used Separate / Stand Alone, with TL Lines, Candle Signal & Support Resistance. But it's Not Easy to apply it because many Biases (so it can be a Trap for your Trading) I recommend Confirm with other Indicator as a Filter. Many types of Indicators to choose from Basic, Most Popular or Specific. All of them have advantages and disadvantages of each. Depending on your liking and convenience, to use...
Thank you.
  • #458,804
  • Mar 25, 2018 3:44am Mar 25, 2018 3:44am
Quoting Nala66
{quote} Sounds to me like you are quite new to trading and seeking an easy way out of learning the ropes. You will find the better traders in this forum have been trading for many years and worked very hard to find a trading method that works most of the time for themselves. This does not imply other traders will have the same outcomes because there are many variables to consider not the least of which is emotion. Some people literally freeze and cannot place the trade in the first place because they lack the confidence of developing the trading...
Thank you.
  • #458,805
  • Mar 25, 2018 3:46am Mar 25, 2018 3:46am
Quoting Olabanji-Tex
Hello guys. Hope you guys are having a good weekend. Please can anyone give me about a trading system that works most of the time. For example, what setting should I use for the exponential moving average?, how should I use the MACD, stochatics or RSI?, should I use candlestick patterns. Please try to give the details of the trading system. I am currently trying to find out whether it is possible to make profits by reacting to candlestick patterns only.
Hello
here you can find almost everything on ff pages
the possibility of self-education is provided.
  • #458,806
  • Mar 25, 2018 3:50am Mar 25, 2018 3:50am
Quoting Mr.N
Following all I bring you here last week The moving average 300 is actually the trend The price usually reaches the moving average 300 and then price goes to a new high or low GBPNZD is on weekly SMA300 +Last Daily Bollinger Band *GBPAUD have Red BLUE BLUE +SMA800 at daily chart GBPUSD have 2 red engulfing candle that get a low+ Daily Mid Bollinger Band I add you here example of sma300 past good trade and SP500 and pic of GBPUSD and GBPNZD *Someone here said that when price go up he see ppl add shorts post So at least I can testify that it is not...
Thank you.
  • #458,807
  • Mar 25, 2018 7:46am Mar 25, 2018 7:46am
cor blimey, that 300 is a long way away is that the target sp

Quoting Mr.N
Following all I bring you here last week The moving average 300 is actually the trend The price usually reaches the moving average 300 and then price goes to a new high or low GBPNZD is on weekly SMA300 +Last Daily Bollinger Band *GBPAUD have Red BLUE BLUE +SMA800 at daily chart GBPUSD have 2 red engulfing candle that get a low+ Daily Mid Bollinger Band I add you here example of sma300 past good trade and SP500 and pic of GBPUSD and GBPNZD *Someone here said that when price go up he see ppl add shorts post So at least I can testify that it is not...
Attachment g
Attached Image (click to enlarge)
Click to Enlarge Name: 01110 GBPUSD-Monthly.png Size: 44 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,808
  • Mar 25, 2018 8:00am Mar 25, 2018 8:00am
he can teach you about the Bollinger for sure , the idea on targets looks flimsy to me but the way he done it is good,
bol is a very simple and informative

Quoting Olabanji-Tex
{quote} Thank you.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,809
  • Mar 25, 2018 8:08am Mar 25, 2018 8:08am
Attached Image (click to enlarge)
Click to Enlarge Name: bol 2 GBPUSD-Daily.png Size: 63 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,810
  • Mar 25, 2018 8:10am Mar 25, 2018 8:10am
The technical truth is that any combination of MAs will do if you know what you are looking for and doing. Your 32 & 62 MAs have the potential for great results without the additional MAs if you apply a top down approach imho.

Trade safe and prosper.

KP

Quoting Mr.N
Following all I bring you here last week The moving average 300 is actually the trend The price usually reaches the moving average 300 and then price goes to a new high or low GBPNZD is on weekly SMA300 +Last Daily Bollinger Band *GBPAUD have Red BLUE BLUE +SMA800 at daily chart GBPUSD have 2 red engulfing candle that get a low+ Daily Mid Bollinger Band I add you here example of sma300 past good trade and SP500 and pic of GBPUSD and GBPNZD *Someone here said that when price go up he see ppl add shorts post So at least I can testify that it is not...
Do your homework, follow the footprints of smart money
  • #458,811
  • Mar 25, 2018 9:40am Mar 25, 2018 9:40am
...
Attached Image(s) (click to enlarge)
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  • #458,812
  • Mar 25, 2018 1:31pm Mar 25, 2018 1:31pm
Quoting belon
... {image} {image}
Up against the 48 EMA on a MONTHLY chart. So it’s higher than the average of the last 4 YEARS. I agree, down this week.
Be humble or be humbled.
  • #458,813
  • Mar 25, 2018 5:31pm Mar 25, 2018 5:31pm
probability is about 7.505 % that will happen, I've worked it out exactly ....btw no tls there
2 options are weekly print doji of sort or bullish, only time can prove that right
monthly outright fail =buy the dip for further 2 month

Quoting belon
... {image} {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,814
  • Mar 25, 2018 5:37pm Mar 25, 2018 5:37pm
you can't forecast past 3 weeks work in the next week ,lets see
Attached Image (click to enlarge)
Click to Enlarge Name: 01 GBPUSD-Weekly.png Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,815
  • Mar 25, 2018 7:00pm Mar 25, 2018 7:00pm
Price is in a strong weekly supply zone.
final target set around 1.30 this is my best target I don’t think price will get there but it’s a final target anyhow GBPUSD is in a good location for a sell I’ll wait for my bearish entry trigger on the 4 hour and ride this puppy down.
Attached Image (click to enlarge)
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  • #458,816
  • Mar 26, 2018 12:17am Mar 26, 2018 12:17am
Short
  • #458,817
  • Mar 26, 2018 12:49am Mar 26, 2018 12:49am
GBP/Usd falls into range on the fears of potential US-China trade war, resistance can be seen at 1.4220 and on the downside 1.40 act as psychological support.
  • #458,818
  • Mar 26, 2018 4:42am Mar 26, 2018 4:42am
Nearly there now.
Attached Image (click to enlarge)
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  • #458,819
  • Mar 26, 2018 4:46am Mar 26, 2018 4:46am
Looks like 4273 + a smidge today
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 23 KB
Come with me if you want to live....
  • #458,820
  • Mar 26, 2018 6:45am Mar 26, 2018 6:45am
market throws a early bone in the open number
Attached Image (click to enlarge)
Click to Enlarge Name: 001 GBPUSD-Weekly.png Size: 17 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
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