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Cable Update (GBPUSD)

  • #542,681
  • Aug 14, 2020 9:22am Aug 14, 2020 9:22am
M5 may have just changed
If price goes up again but only makes a structural LH, then there may be a down move coming.

just speculating on possibilities.
in wondering about yourself, you forgot what you came here to be part of
  • #542,682
  • Aug 14, 2020 9:28am Aug 14, 2020 9:28am
just wake up,,, =) change is good
  • #542,683
  • Aug 14, 2020 9:28am Aug 14, 2020 9:28am
Quoting Moty
Go go go bears {image} {image}
Why do you keep selling from the low ?
  • #542,684
  • Aug 14, 2020 9:30am Aug 14, 2020 9:30am
Quoting knkie
M5 may have just changed If price goes up again but only makes a structural LH, then there may be a down move coming. just speculating on possibilities.
i like your posts, keep doing good work.
I said it might go down, cuz almost all week NY sold 60-80 pips+ down, it could be imbalance but who know, maybe bulls need some rest.
sorry for my english 🖐
  • #542,685
  • Aug 14, 2020 9:33am Aug 14, 2020 9:33am
It's the first time we see a H1 close above the wicked 1.3118.. I doubt we going to have dejavu .. Bears really need to apply caution.
  • #542,686
  • Aug 14, 2020 9:34am Aug 14, 2020 9:34am
Quoting Gym4life
{quote} i like your posts, keep doing good work. I said it might go down, cuz almost all week NY sold 60-80 pips+ down, it could be imbalance but who know, maybe bulls need some rest. sorry for my english 🖐
thank you

your english is fine !
in wondering about yourself, you forgot what you came here to be part of
  • #542,687
  • Aug 14, 2020 9:34am Aug 14, 2020 9:34am
Quoting epzero
{quote} Why do you keep selling from the low ?
I think, news have caused that he opened the trade too fast. I did the same, but bought also with 2x more lots, so didn’t blew my profit
  • #542,688
  • Aug 14, 2020 9:47am Aug 14, 2020 9:47am
Quoting navk
{quote} some 8 $ added. Very very small risk I took since early london itself i made what I am looking for... The addition is just bonus. {image}
nice session indicator, may i know what its??? thx
  • #542,689
  • Aug 14, 2020 9:51am Aug 14, 2020 9:51am
Quoting Bones
lets take those short stops {image}
There's probably a lot of orders up there. May need another week to mop them all up.
  • #542,690
  • Aug 14, 2020 9:56am Aug 14, 2020 9:56am
Quoting Siame
{quote} There's probably a lot of orders up there. May need another week to mop them all up.
the big orders is 2840-2880, then you will see the real bull, this is not an advice to sell it
  • #542,691
  • Aug 14, 2020 10:08am Aug 14, 2020 10:08am
I give the probability of repeat late sell off about 12.5%
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-08-14 at 16.07.37.png Size: 126 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #542,692
  • Aug 14, 2020 10:12am Aug 14, 2020 10:12am
Quoting kuroro001
{quote} From what i can see from his posts, there are 2 mistakes 1/ he changes his system of trading everyday, he should stick to one and master it like crazy 2/ he get stucks on his trade and barely take profits, leading from gain to loss in his trades If he can fixes it, he would rock
I am just speaking in general,
the "#1 mistake" you mentioned is the hardest to fix.
So many systems to choose from. Paradox of choice. Which is the ""best""? A never ending quest for many.
Just look at this forum. I dare say at least 1,000 unique systems being used here.
And when a chosen system does not seem to work for you, you will never know if its ""you"" or ""the system"" that is at fault. The easiest way out is to ""find another system"".
  • #542,693
  • Aug 14, 2020 10:17am Aug 14, 2020 10:17am
Quoting Bones
I give the probability of repeat late sell off about 12.5% {image}
How you come up with those 12,5% ?
COT: The precious data ignored
  • #542,694
  • Aug 14, 2020 10:20am Aug 14, 2020 10:20am
Quoting OxyGen_FX
{quote} I am just speaking in general, the "#1 mistake" you mentioned is the hardest to fix. So many systems to choose from. Paradox of choice. Which is the ""best""? A never ending quest for many. Just look at this forum. I dare say at least 1,000 unique systems being used here. And when a chosen system does not seem to work for you, you will never know if its ""you"" or ""the system"" that is at fault. The easiest way out is to ""find another system"".
price never lies
in wondering about yourself, you forgot what you came here to be part of
  • #542,695
  • Aug 14, 2020 10:22am Aug 14, 2020 10:22am
i have to go but what i think is happening:
on m5 price will make a HH but this is a structural LH and then there may be some down movement.
How much depends on the levels of support.

just my opinion
in wondering about yourself, you forgot what you came here to be part of
  • #542,696
  • Aug 14, 2020 10:22am Aug 14, 2020 10:22am
Yea ,weekly is a bullish win as is I think
I don't think it can break up this week at all ,higher in the range is better ,above the box on my h4

Quoting Siame
{quote} There's probably a lot of orders up there. May need another week to mop them all up.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #542,697
  • Aug 14, 2020 10:23am Aug 14, 2020 10:23am
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 08-14-2020 18.21.37_1.jpg Size: 107 KB
yes yes yes
  • #542,698
  • Aug 14, 2020 10:23am Aug 14, 2020 10:23am
Quoting OxyGen_FX
{quote} I am just speaking in general, the "#1 mistake" you mentioned is the hardest to fix. So many systems to choose from. Paradox of choice. Which is the ""best""? A never ending quest for many. Just look at this forum. I dare say at least 1,000 unique systems being used here. And when a chosen system does not seem to work for you, you will never know if its ""you"" or ""the system"" that is at fault. The easiest way out is to ""find another system"".
I tend to agree and disagree

You know you can be profitable just by using a simple MA strategy (either a special cross, or if the price moves away from it you buy/Sell, etc...) The rest is mostly the money management.
Finding a good system depends on a few things. Your capital, the amount you are willing to gain/lose, scalpers/intraday/swing trading, the time you spend on your screen, etc...Once you know those parameters, the system can be build.
If a system fails for you, but work for others, then you are the problem and i can understand it

That's why lately i'm making my own EA, to spend less time on screen, and automate the daily routine, automate the money management, etc...
Trading is boring we know that
COT: The precious data ignored
  • #542,699
  • Aug 14, 2020 10:25am Aug 14, 2020 10:25am
I made it up ,
people use % all the time
@ beginning of the week someone gave 95% it will hit 1.3 ,he didn't want to expand on any time frame so I guess he will be right

Quoting kuroro001
{quote} How you come up with those 12,5% ?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #542,700
  • Aug 14, 2020 10:26am Aug 14, 2020 10:26am
Quoting Moty
Go go go bears {image} {image}
Hi Moty. Glad you are here and i can tell you that you are good trader because you have got your own plan, but you choose bad times to płace the order. Right, we should go down, price need some retest, but i don’t think that we are going so low, even if i and some good traders there want this
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