Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#533,301
Jul 6, 2020 3:02pm Jul 6, 2020 3:02pm

SFundamental
Joined Apr 2020 | Status: Trader | 788 Posts

Quoting goldencalf

Disliked

{quote} of course you dont need to know where the market is going to make money...but this situation with gbpusd, looks like play, to make more pain for shorts, and encourage buyers to believe..

Ignored

of course you dont need to know where the market is going to make money...

I prefer to have a destination- but sometimes its candlesticks that get in the way

but this situation with gbpusd, looks like play, to make more pain for shorts, and encourage buyers to believe

I believe its mainly its dollar selling (because bond holders looking for new destinations for their cash due to the rubbish yields they are getting on US Treasuries (according to Goldman Sachs)).

Look ahead, Macro=Direction, Levels & Structure = Entry

#533,302
Jul 6, 2020 3:33pm Jul 6, 2020 3:33pm

goldencalf
Joined Apr 2019 | Status: Trader | 297 Posts

Quoting SFundamental

Disliked

{quote} of course you dont need to know where the market is going to make money... I prefer to have a destination- but sometimes its candlesticks that get in the way but this situation with gbpusd, looks like play, to make more pain for shorts, and encourage buyers to believe I believe its mainly its dollar selling (because bond holders looking for new destinations for their cash due to the rubbish yields they are getting on US Treasuries (according to Goldman Sachs)).

Ignored

One guy called fundamentals-funny mentals...I think enough I got enough experience,to believe,that nothing exist behind chart...Tudor said that look for techinicals,and fundamentals will follow. How do you use fundamentals in trading?is any good book? Do you do you own research,for example about inflation or other statistics?

#533,303
Jul 6, 2020 3:38pm Jul 6, 2020 3:38pm

Wavegarrick
Joined Sep 2017 | Status: Trader | 4,364 Posts

Quoting spijack

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{quote} would you mind sharing your template and indicator?

Ignored

Hi Spijack,

If you look at my profile attachments you will find the basics you need. Having said, it is not just putting a system together and you trade it successfully. I have always posted live trades here on FF and if anyone was following they could have put two and two together and learnt from my system. I did have requests to open a thread. I just do not have the time and energy to manage a thread at the moment. I have spent years doing just that and you will find my life's work at Stevehopwoodforex.com, a free forum. All you need is there.

Hope it helps
Cheers.

Trade to trade another day

#533,304
Jul 6, 2020 5:26pm Jul 6, 2020 5:26pm

Roszey
Joined Nov 2013 | Status: Busy | 1,396 Posts

Slow day.. Daily average range not achieved.

. Well market things

Le$$ I$ More

#533,305
Jul 6, 2020 5:28pm Jul 6, 2020 5:28pm

Theoak
Joined Apr 2019 | Status: Trader | 5,796 Posts

Quoting Roszey

Disliked

Slow day.. Daily average range not achieved. . Well market things

Ignored

Friday was painful

Don't trade what you think. Just what you see!!!

#533,306
Jul 6, 2020 6:08pm Jul 6, 2020 6:08pm

SFundamental
Joined Apr 2020 | Status: Trader | 788 Posts

Quoting goldencalf

Disliked

{quote} One guy called fundamentals-funny mentals...I think enough I got enough experience,to believe,that nothing exist behind chart...Tudor said that look for techinicals,and fundamentals will follow. How do you use fundamentals in trading?is any good book? Do you do you own research,for example about inflation or other statistics?

Ignored

There are people here earning 3-5% per day using Bollinger bands and moving averages.
How cool is that. Personally- I would use that

Otherwise:-

Checkout Jarratt Davis's stuff on youtube.
Initially, its a case of ignoring the charts and getting fundamentally in sync with whatever pair you are going to trade.
If you want to learn more in-depth stuff for day to day trading - there is a paid course I know, but its expensive and its heavy going.

Look ahead, Macro=Direction, Levels & Structure = Entry

#533,307
Jul 6, 2020 6:11pm Jul 6, 2020 6:11pm

Georginson
Joined Aug 2018 | Status: Research Analyst | 4,292 Posts

Quoting Roszey

Disliked

Slow day.. Daily average range not achieved. . Well market things

Ignored

I slept early due to the snail movement of the price. Slow start to the second half of the year, the expected July madness is gradually unfolding Where traders will be gradually getting used to small ranges and boom a weird big range will happen without giving notice. Adaptation and caution is the way forward this July.

Data + Stat + Risk/Emotions Management