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Cable Update (GBPUSD)

  • #527,681
  • Jun 13, 2020 3:08am Jun 13, 2020 3:08am
Quoting FXTradings
{quote} on a 500 dollar account 0.35 lot open and this also in GBPUSD. and now he is happy about a win trade, great superman. s i. Guys trading is not fun and joke like the scammers here in forums trying to show. They do this just to make competition to each other and we all know that competition in trading results in losing. And i can not belivie that this guys hoe are doing this s since few years, that this guys are really so s and not understanding and learning anythink. For me it looks like its their job to make people crazy and i just feel...
What I don't understand, is sentences that you wrote. It is horrible, does not make sense. Moty is good, and if he can start with $500 and make 200-300$ on that small amount, I'd say he is a very good trader and capable of doing what he is doing with his strategy. You say your trading is far better then anyone on here, I doubt that very much. You probably don't even know how to trade. Stop coming here and picking on traders. If you don't like it, get out of here from FF plain and simple. If you are a frustrated trader who is losing a lot of money, which probably what you are, than come here, ask for help, and we will all do the best we can. If you're going to have that kind of attitude, get out of here from FF and don't ever comeback, because you are going to be useless, as you are now. The only scammer so far on this thread, is you. Also, GBPUSD went down about 250 pips. You mentioned on the other thread that it is good to buy. Enough said about your "far better trading then anyone else here", I think you have absolutely no clue.
  • #527,682
  • Jun 13, 2020 3:33am Jun 13, 2020 3:33am
Quoting Scotteyy
{quote} Hello Moty, just wondering how your pivot points are calculated? Using IG I have the option of (H+L+C)/3 Or (H+L+O)/3, which seem to place in relatively similar positions. The other option is (H+L+C+O)/4, which seems to highlight quite different areas for the pivot compared to the previous two, however for me this seems like the most logical one to go with. Most likely wrong about that though. Anyone else that uses pivots feel free to chime in with an answer.
There are a few different types of pivot points - Floor, Woodie, Camarilla and also Fib. Floor is the most commonly used (at least that's what I'm lead to believe). Sounds like you're leaning towards the fib pivots. There's a thread here somewhere started by Davit that gives a strategy using fib pivots. Worth a read. Also remember that although price will sometimes ping off of a PP level it's more common that they're just zones and so paying attention to PA at these levels is going to be more beneficial than placing orders on them.

Hope this helps a little. Good luck.
Focus.
  • #527,683
  • Edited 6:38am Jun 13, 2020 3:41am | Edited 6:38am
He's right if you really must know what another trader is doing in regards to trades then an explorer is a must.
Theres nothing to learn from seeing the trades at all .Especially sporadic result posting.
The worst ones are when you have no idea how the trades were taken or no reference to any chart/reasoning posted prior.

Really the actual trades are another skill altogether that needs explaining.We move into emotion arena & so on.
If you're talking pips only then it begs the question how close to demo are you using to achieve the results.

These trades are linked to all the posts I made during this week.I closed them because of that last min rally and the red ones are from that last rally where I thought it would close bearish .I would have left some better trades had we closed bearish.
I used options say the weekly below 750 when price was around 800 .Because the options carry very little risk and use no margin to speak of.
The daily ones I brought at a higher price because there cheap low risk trades.So those daily trades could lose no more than on average £250 if it went to the moon.I don't need to decide on stop level against an un-foreseen spike then come back to a positive trade.

The problem with options is theres not a lot of control once opened they can rapidly go to the max cost and then have a time frame to close.
So the weekly one closed earlier than I would have closed at 3gmt ,I'm still learning the best way to use options, but I use a mix.With the lower risk there not as profitable as a direct trade.

Money management is another skill altogether and the amount of the matters .You can trade super profitable 0.1 lots then making a move higher or if you then need to be profitable for whatever reason things can change quickly.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #527,684
  • Jun 13, 2020 3:41am Jun 13, 2020 3:41am
Quoting Moty
here is how i lost a 230 pips profit and just broke even. at Thursday night i took automatic long at weekly pivot . got in a little lose , go to sleep and woke up yesterday exactly when price got to my entry price , and just then spiked down at Frankfort open and made me switched to short just before breaking last candle low believing it will break last hourly low , but then the crook's candle stopped 1 or 2 pips from the last low , and the London open candle spiked up 80 pips from there , causing me to lose 80 pips lose instead of earning them...
Price below of the MA remember of this in your next trades.
Together we can be strongest
Vantage Return This Month: na
  • #527,685
  • Jun 13, 2020 4:06am Jun 13, 2020 4:06am
I have explained myself fully with many posts and that matters.

Quoting Bones
you can't change it stop guessing I use my Ig feed its clearer (12 gmt close-forget Sunday) its gap up - shaven hang man hang man thats 2 warnings then shooting star confirmation of all those candles no buyers next candle today, opens with no buyers The D1 open changing much or out over the box maybe is the only thing that will change my mind ,todays candle will continue, its confirmed straight off bat Anyway best case is back to w1 open as the weekly is bearish already Then maybe back to touch that untouched falling line, next week {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #527,686
  • Edited 4:40am Jun 13, 2020 4:28am | Edited 4:40am
These candles were relatively easy to take ,
The way I'll approach it revolves around what we open like Monday, this weekly may not confirm at all against the move made up, its not exactly clear, it made a higher high but into massive res.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #527,687
  • Jun 13, 2020 4:35am Jun 13, 2020 4:35am
Quoting morfes2
{quote} https://youtu.be/L7kRJhQcE6Q
Inserted Video
  • #527,690
  • Jun 13, 2020 4:58am Jun 13, 2020 4:58am
Quoting Bones
He's right if you really must know what another trader is doing in regards to trades then an explorer is a must. Theres nothing to learn from seeing the trades at all .Especially sporadic result posting. The worst ones are when you have no idea how the trades were taken or no reference to any chart/reasoning posted prior. Really the actual trades are another skill altogether that needs explaining.We move into emotion arena & so on. If you're talking pips only then it begs the question how close to demo are you using to achieve the results. These...
much respect for this post bones. great trades and great RM. nice work man.
Joe
  • #527,691
  • Jun 13, 2020 5:01am Jun 13, 2020 5:01am
Quoting Not-KPMG
{quote} It's .. . The dumb money just added many shorts.
We'll see 1.26 pretty fast.

Not buy advice.!!! Then as shorts give up and REVERSE they'll quitetly trash pound..... I'm looking for sells 1.2550-2650 -2750 towards... 
Yep

Up done. Down done
Nice profit.
Again 1.25 where we started

Now let's try again down.... Then ups then downs ..... Need timing but 2450 area oscillate. Say 1.23-26
Beware of robber banks (RB), bad advisors.
  • #527,692
  • Jun 13, 2020 5:13am Jun 13, 2020 5:13am
Quoting Marco-Kanto
{quote} There are a few different types of pivot points - Floor, Woodie, Camarilla and also Fib. Floor is the most commonly used (at least that's what I'm lead to believe). Sounds like you're leaning towards the fib pivots. There's a thread here somewhere started by Davit that gives a strategy using fib pivots. Worth a read. Also remember that although price will sometimes ping off of a PP level it's more common that they're just zones and so paying attention to PA at these levels is going to be more beneficial than placing orders on them. Hope...
After doing a little research I believe you're correct in the fact that its fib pivots. However that just seems to be the default on IG, I see no options for the others. Funnily enough I've read davits strategy however from what i understand it seems to be more of a reversion to pivot strategy whereas my strategy is more of a bounce pivot strategy. I wait for price to return to pivot, watch PA if it bounces off then enter. If it breaks through wait for a reversal to pivot then enter. He also seems to not recommend on most sterling pairs (although doesn't mention GU) whereas I solely trade cable. The only time I divert from this strategy is if it reaches S3/R3 then i'll counter trade back to S2/R2 which I believe is more along the lines of Davit's strategy.
  • #527,693
  • Edited 6:35am Jun 13, 2020 5:22am | Edited 6:35am
Heres the thing if those careless end of the week red ones on the statement were demo or close to I would not close them, because I think its very highly likely it will go there again at least.I'm not going to try to ride it out for a straight line equality curve when I'm not confident of what next.
Just an example of how decision making can change depending on how much it means to you personally.A lot of money management is very personal to your circumstances, which is why it can be useless to learn it off others outright results.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #527,694
  • Jun 13, 2020 5:58am Jun 13, 2020 5:58am
gbp longs flat

I'd buy a lot of gbp once it goes negative (we are at 0,12% right now)

Attached Image
COT: The precious data ignored
  • #527,695
  • Jun 13, 2020 6:12am Jun 13, 2020 6:12am
Quoting kuroro001
gbp longs flat I'd buy a lot of gbp once it goes negative (we are at 0,12% right now) {image}
Please can you share your source of information?
Le$$ I$ More
  • #527,696
  • Jun 13, 2020 6:17am Jun 13, 2020 6:17am
Quoting Roszey
{quote} Please can you share your source of information?
Sure, cftc.gov
COT: The precious data ignored
  • #527,697
  • Jun 13, 2020 6:47am Jun 13, 2020 6:47am
Quoting kuroro001
{quote} Sure, cftc.gov
ok. thanks, I thought it was a different site. the cftc.gov a cluster of data that confuses me.
Le$$ I$ More
  • #527,698
  • Jun 13, 2020 7:23am Jun 13, 2020 7:23am
Quoting Roszey
{quote} ok. thanks, I thought it was a different site. the cftc.gov a cluster of data that confuses me.
You can find everything on the COT report
https://www.cftc.gov/MarketReports/C...ssed/index.htm

I use excel to mix and calculate some datas so it can fit interesting ideas
COT: The precious data ignored
  • #527,699
  • Jun 13, 2020 7:52am Jun 13, 2020 7:52am
Guys, don't even waste your time with these two scammers (FXTradings and NotKPMG). They're just trolling due to psychological problems.
One was dropped when he was a baby, the other abandoned by his parents.....you pick which is which.
IGNORED.
Lost....
  • #527,700
  • Jun 13, 2020 7:56am Jun 13, 2020 7:56am
Quoting Scotteyy
{quote} Hello Moty, just wondering how your pivot points are calculated? Using IG I have the option of (H+L+C)/3 Or (H+L+O)/3, which seem to place in relatively similar positions. The other option is (H+L+C+O)/4, which seems to highlight quite different areas for the pivot compared to the previous two, however for me this seems like the most logical one to go with. Most likely wrong about that though. Anyone else that uses pivots feel free to chime in with an answer.
I really don't know .
The indicator is autopivot
yes yes yes
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