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Cable Update (GBPUSD)

  • #492,721
  • Sep 10, 2019 8:57am Sep 10, 2019 8:57am
the hard part of trading is before the fact trading , after the fact trading is so easy

what would you do now ? would you go long , would you go short ? and if you go long where would you exit , where would be your stop ?

so few traders on FF come and say : here , this is my entry with sl and tp
  • #492,722
  • Sep 10, 2019 9:07am Sep 10, 2019 9:07am
Quoting MXT
the hard part of trading is before the fact trading , after the fact trading is so easy what would you do now ? would you go long , would you go short ? and if you go long where would you exit , where would be your stop ? so few traders on FF come and say : here , this is my entry with sl and tp
My trades are like open book, every single thing visible in TE :-)
Meditate -> Workout -> Good Food = Good Life!
  • #492,723
  • Sep 10, 2019 9:08am Sep 10, 2019 9:08am
Quoting Moty
{image}
just went short, against the meter..

if I get hit, might wanna re-try short later, if I see a setup..
Meditate -> Workout -> Good Food = Good Life!
  • #492,724
  • Sep 10, 2019 9:17am Sep 10, 2019 9:17am
Quoting YellowFellow
{quote} just went short, against the meter.. if I get hit, might wanna re-try short later, if I see a setup..
strength meters are very volitile.
They can flip in a minute.
Price makes a big move and the meter only shows that 1 hour later

Last year i spent a good deal of time developing my own meter and as you can see in the screenshot the GBP is the strongest thing out there today.
But in an hour it could be different.
So i dont actually use this meter.
Its just fun confirmation.
Attached Image
in wondering about yourself, you forgot what you came here to be part of
  • #492,725
  • Sep 10, 2019 9:19am Sep 10, 2019 9:19am
Quoting KlifeFx
{quote} Welcome on board let's join the cable ride
boring day today ...
I don't like wasting time on bad trade days or days when the price gets lateralized.

I like days that have a tendency.
  • #492,726
  • Sep 10, 2019 9:23am Sep 10, 2019 9:23am
Quoting Marcieny
{quote} boring day today ... I don't like wasting time on bad trade days or days when the price gets lateralized. I like days that have a tendency.
where is DC ? I mean Washington DC ?

Intraday only.
  • #492,727
  • Sep 10, 2019 9:23am Sep 10, 2019 9:23am
Quoting knkie
{quote} strength meters are very volitile. They can flip in a minute. Price makes a big move and the meter only shows that 1 hour later Last year i spent a good deal of time developing my own meter and as you can see in the screenshot the GBP is the strongest thing out there today. But in an hour it could be different. So i dont actually use this meter. Its just fun confirmation. {image}
I can feel ya mate.. thanks for the inputs..

I started watching this meter today and was short NZ/USD, the meter has not changed once since London session.. and has been suggesting short NZ.. just feels good when my view is strong something and meter continues to show the same thing, feels good :-)
Meditate -> Workout -> Good Food = Good Life!
  • #492,728
  • Sep 10, 2019 9:25am Sep 10, 2019 9:25am
Quoting Marcieny
{quote} boring day today ... I don't like wasting time on bad trade days or days when the price gets lateralized. I like days that have a tendency.
I strongly think we'll see high voltage price action (kinda drama) very soon.. lull before the storm.
Meditate -> Workout -> Good Food = Good Life!
  • #492,729
  • Sep 10, 2019 9:25am Sep 10, 2019 9:25am
Quoting YellowFellow
{quote} I can feel ya mate.. thanks for the inputs.. I started watching this meter today and was short NZ/USD, the meter has not changed once since London session.. and has been suggesting short NZ.. just feels good when my view is strong something and meter continues to show the same thing, feels good :-)
yeah if it works use it
Im not really of fan of indicators in general because of the lagging nature...but anything that brings profit use it
in wondering about yourself, you forgot what you came here to be part of
  • #492,730
  • Sep 10, 2019 9:25am Sep 10, 2019 9:25am
strength meters most of the time don 't give the time frame they 're based upon , so now Cable could be still very bullish on the daily , but could nonetheless take a drop on smaller time frames and go up again later
  • #492,731
  • Sep 10, 2019 9:25am Sep 10, 2019 9:25am
Coreg ....Congratulations on your red stamp...
  • #492,732
  • Sep 10, 2019 9:27am Sep 10, 2019 9:27am
Quoting navk
{quote} where is DC ? I mean Washington DC ?
This question I know is the capital of the United States.
  • #492,733
  • Sep 10, 2019 9:29am Sep 10, 2019 9:29am
Quoting Marcieny
{quote} This question I know is the capital of the United States.
I miss Washington DC.

The driving distance is about 9 hrs for me.

Brazil far off.

Intraday only.
  • #492,734
  • Sep 10, 2019 9:30am Sep 10, 2019 9:30am
Quoting navk
{quote} I miss Washington DC. The driving distance is about 9 hrs for me. Brazil far off.
hahaha...
wherever you go be well and happy!!!
  • #492,735
  • Sep 10, 2019 9:36am Sep 10, 2019 9:36am
Quoting navk
{quote} I miss Washington DC. The driving distance is about 9 hrs for me. Brazil far off.
9 hours is far away too... is the time I spend to get to my mother's house is far away being 4 hours by plane and 5 by car ..... In the north of the Brazil .. there is almost no internet, is in a very small town .. I love to go there I forget that the Internet exists when I'm there.
  • #492,736
  • Sep 10, 2019 9:36am Sep 10, 2019 9:36am
Attached Image (click to enlarge)
Click to Enlarge Name: GU h1.png Size: 34 KB
Attached Image (click to enlarge)
Click to Enlarge Name: GU 15.png Size: 37 KB
yes yes yes
  • #492,737
  • Sep 10, 2019 9:39am Sep 10, 2019 9:39am
Quoting Marcieny
{quote} 9 hours is far away too... is the time I spend to get to my mother's house is far away being 4 hours by plane and 5 by car ..... In the north of the Brazil .. there is almost no internet, is in a very small town .. I love to go there I forget that the Internet exists when I'm there.
small towns are enjoyable.

I luv too.
Intraday only.
  • #492,738
  • Edited 11:27am Sep 10, 2019 9:43am | Edited 11:27am
Quoting navk
{quote} small towns are enjoyable. I luv too.
yes ... not much to do so we build very true and solid friendships in places like this too!!!

we give and receive more attention with the people.
  • #492,739
  • Sep 10, 2019 9:45am Sep 10, 2019 9:45am
Quoting MXT
strength meters most of the time don 't give the time frame they 're based upon , so now Cable could be still very bullish on the daily , but could nonetheless take a drop on smaller time frames and go up again later
I was thinking exactly the same.. TF?

that said, ideally we should be using meters or any such thing as a cue only. A good trader is supposed to have a proprietary system to follow. If your system falls in line with some decent indicator, it helps psychologically..

With the help of an indicator, I get to talk about something..
Meditate -> Workout -> Good Food = Good Life!
  • #492,740
  • Sep 10, 2019 9:45am Sep 10, 2019 9:45am
Quoting Marcieny
{quote} yes ... not much to do so we build very true and solid friendships in places like this!!! we give and receive more attention with the people.
so there are " some " from whom you are receiving attention ?

Intraday only.
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