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Cable Update (GBPUSD)

  • #566,901
  • Dec 19, 2020 3:16am Dec 19, 2020 3:16am
Quoting Roszey
Just having fun.. leave your comments thanks https://www.youtube.com/watch?v=UWSrPhhQ5_M
Hi there!
Interesting volume indicator, where can I get it for testing?
  • #566,902
  • Dec 19, 2020 3:44am Dec 19, 2020 3:44am
Boris Johnson is facing two hellish weeks. Critics fear his weak leadership could seriously harm the UK

https://edition.cnn.com/2020/12/19/u...gbr/index.html
  • #566,903
  • Dec 19, 2020 3:46am Dec 19, 2020 3:46am
Quoting ChiForex
GU bulls will fight to close above 1.3520 while below by bears.
The last minutes spike yesterday was not a surprise but an approval of what I said above....And bulls won here.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #566,904
  • Dec 19, 2020 3:58am Dec 19, 2020 3:58am
Quoting ChiForex
{quote} The last minutes spike yesterday was not a surprise but an approval of what I said above....And bulls won here.
that was just a spike on thin market without liquidity. Dont make any illusions about it
  • #566,905
  • Dec 19, 2020 4:26am Dec 19, 2020 4:26am
Quoting Marbas
{quote} that was just a spike on thin market without liquidity. Dont make any illusions about it
  • #566,906
  • Dec 19, 2020 4:29am Dec 19, 2020 4:29am
Quoting Marbas
{quote} that was just a spike on thin market without liquidity. Dont make any illusions about it
No, it was a clue that Boris got a deal.
  • #566,907
  • Dec 19, 2020 4:48am Dec 19, 2020 4:48am
1 of the reasons that i blow my accounts is because sometimes i am in a winning trade
and i am adding a lot of orders along the way and put the same tp in all of them
( maybe i should put 20 pips tp for each one) ,
and sometimes price reverse and put me in a difficult situation ,
that force me to close a lot of orders in a very short time ,
and i don't do anything , and yesterday i found finally a "close all orders "
that work and i used it for the last close.
and 1 more thing , i lost a bigger profit yesterday because i didn't took in mind the
important zone the was just above the adr tp low
Attached Image (click to enlarge)
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yes yes yes
  • #566,908
  • Dec 19, 2020 4:55am Dec 19, 2020 4:55am
Most of the retail was short acc to FXSSI. Some stops needed to be cleared.

Quoting ChiForex
{quote} The last minutes spike yesterday was not a surprise but an approval of what I said above....And bulls won here.
  • #566,909
  • Dec 19, 2020 5:26am Dec 19, 2020 5:26am
something went wrong with my like button
so don't be offended if you don't see my like appears in your post
yes yes yes
  • #566,910
  • Dec 19, 2020 5:30am Dec 19, 2020 5:30am
Quoting Moty
1 of the reasons that i blow my accounts is because sometimes i am in a winning trade and i am adding a lot of orders along the way and put the same tp in all of them ( maybe i should put 20 pips tp for each one) , and sometimes price reverse and put me in a difficult situation
Try to use TP not in pips, but in $ equivalent. For example you have 1000$ account, and want to get 100$ for each series of orders. You add lots along the way and the tp is modified all the time you add more lots. So in every case you will be out of the market when your profit gonna rise to 100$. I made such EA for myself and gonna use it from monday.
And when I will get the targeted profit, I should start with my start lot again on new entry point.
I think there will be less nerves burnt
  • #566,911
  • Edited 5:57am Dec 19, 2020 5:46am | Edited 5:57am
Quoting Marbas
{quote} Try to use TP not in pips, but in $ equivalent. For example you have 1000$ account, and want to get 100$ for each series of orders. You add lots along the way and the tp is modified all the time you add more lots. So in every case you will be out of the market when your profit gonna rise to 100$. I made such EA for myself and gonna use it from monday. And when I will get the targeted profit, I should start with my start lot again on new entry point. I think there will be less nerves burnt
i hear you , but i think it's better if i put 10 or 20 pips tp for each one.
if i had did it for all of my additional 0.01 trades that i add , i would have a lot of dollars today .
10 pips for 0.01 trade is 1 $ gain .
sometimes i open 10-20 trades like that , and they go into profit of more then 20 pips , and a lot of time the scenario ends up that it reverse and all the profit gone , and even go into a loss .
any body have a panel that opens a trade with X pips sl and tp ?
update: wait , i found this , can anybody say if it is good ?
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 45 KB
yes yes yes
  • #566,912
  • Dec 19, 2020 7:09am Dec 19, 2020 7:09am
Moty, you have been trading way more than I am but If I may suggest something to try - you are intraday mostly and with 20p TP target to me it seems slightly useless to stack 0.01lot deals into such short space. Not much to gain but a lot of trade management and open risk.

Instead of I would split your usual 0.2lot initial entry into two 0.1 parts, try to lock in the first one. And if strong move continues, add another 0.1 one in same direction. Basically you reduce initial risk and second entry carries less risk if first one is locked in with some profit.

Stacking a lot of small lots on top of each other works for the quys like Moneyzilla, JayBag and Wavegarrick who build their stacks into longer trends, catching the local dips and peaks.

If you stack a lot of small entries into one space you have a lot of trade management to do and if you try to catch 20-30p moves mostly, there can be a lot of reversals, which might bite you.

I have been using attached simple AutoTPSL EA, really simple one but works nicely. Attached is the set as well, I have it set at fixed SL/TP 20/35 pips. Lock to BE at 15pips. If needed I will then move TP target manually.

Take care and trade safe!

I

Quoting Moty
{quote} i hear you , but i think it's better if i put 10 or 20 pips tp for each one. if i had did it for all of my additional 0.01 trades that i add , i would have a lot of dollars today . 10 pips for 0.01 trade is 1 $ gain . sometimes i open 10-20 trades like that , and they go into profit of more then 20 pips , and a lot of time the scenario ends up that it reverse and all the profit gone , and even go into a loss . any body have a panel that opens a trade with X pips sl and tp ? update: wait , i found this , can anybody say if it is good ? {image}...
Attached File(s)
File Type: ex4 Auto SL-TS-TP.ex4   23 KB | 240 downloads
File Type: txt AutoSLTP_Fix.txt   < 1 KB | 202 downloads
  • #566,913
  • Dec 19, 2020 7:34am Dec 19, 2020 7:34am
Quoting Moty
1 of the reasons that i blow my accounts is because sometimes i am in a winning trade and i am adding a lot of orders along the way and put the same tp in all of them ( maybe i should put 20 pips tp for each one) , and sometimes price reverse and put me in a difficult situation , that force me to close a lot of orders in a very short time , and i don't do anything , and yesterday i found finally a "close all orders " that work and i used it for the last close. and 1 more thing , i lost a bigger profit yesterday because i didn't took in mind the...
Hey, Hi, Moty, pay attention to my zones it can help you make decision, Thursday's 3469 SM long was not taken out, and it is not a coincidence.
Attached Image (click to enlarge)
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Always Defend your investment 1775
  • #566,914
  • Edited 1:14pm Dec 19, 2020 9:11am | Edited 1:14pm
Thanks for comments,i will take them into consideration
yes yes yes
  • #566,915
  • Dec 19, 2020 9:36am Dec 19, 2020 9:36am
Quoting Hunterrus84
{quote} Hey, Hi, Moty, pay attention to my zones it can help you make decision, Thursday's 3469 SM long was not taken out, and it is not a coincidence. {image}
Just stop already. No? You forcing people to follow you? Of what good is it if you are not open to sharing your knowledge? Sharing how you get the so-called levels?

What happens on your absence?
Share or Just stop, it’s irritating mate
  • #566,916
  • Dec 19, 2020 9:49am Dec 19, 2020 9:49am
Quoting ruben247
{quote} Just stop already. No? You forcing people to follow you? Of what good is it if you are not open to sharing your knowledge? Sharing how you get the so-called levels? What happens on your absence? Share or Just stop, it’s irritating mate
It is all about the foreign exchange market.
  • #566,917
  • Edited 10:16am Dec 19, 2020 10:05am | Edited 10:16am
Quoting ruben247
{quote} Just stop already. No? You forcing people to follow you? Of what good is it if you are not open to sharing your knowledge? Sharing how you get the so-called levels? What happens on your absence? Share or Just stop, it’s irritating mate
You offer sound advice,....never follow anyone else's edge - particularly if you do not have proven documented empirical evidence over a very large sample size that it has been profitable for them, and in the example of this one - don't even know what it is other than some vague 'SM' description. That would be the starting point - it doesn't mean to say that you can trade it profitably or as profitably as the originator, as with any edge there is the 'profit gap,' to be overcome, ie the difference between having a profitable edge and developing the necessary psychology to trade it profitably yourself.

I don't know what Hunterrus84's motivation is - maybe it is well meaning - but that is not the way it comes across, he is either just on an ego trip or phishing. He is just 'too keen' to extol the virtues of his so called edge. I don't blame him for not revealing it - neither do I. I regard all other traders as competitors in a zero sum market, but I am happy to share non proprietary information, but trying to get others' to follow your edge blindly, as he does, is suspicious. If history repeats - you just know it's leading to a subscription and/or for sale offer, despite his protestations.

Develop and trade your own edge.
Trader with an Edge.
  • #566,918
  • Dec 19, 2020 10:17am Dec 19, 2020 10:17am
Quoting Headland
{quote} You offer sound advice,....never follow anyone else's edge - particularly if you do not have proven documented empirical evidence over a very large sample size that it has been profitable for them, and in the example of this one - don't even know what it is other than some vague 'SM' description. That would be the starting point - it doesn't mean to say that you can trade it profitably or as profitably as the originator, as with any edge there is the 'profit gap,' to be overcome, ie the difference between having a profitable edge and developing...
Oh Man, I totally agree. I may be new to the thread but definitely not new to LIFE itself. He consistently calls it ‘SM’ leaving a blank question mark to people ‘victims’ asking him ‘what is SM’ lol..

He even says stuff like ‘Use my info with me or ignore me’ / ‘It’s not for the public’ . Is he for real? Not for the public but he’s out in the public?

So again, I totally agree with you when you say he’s likely to sell something. In my opinion, he should be banned already before he takes advantage of poor holy grail seekers
  • #566,919
  • Dec 19, 2020 10:35am Dec 19, 2020 10:35am
...No real further brexit updates so far this w/e other than that they are still negotiating, but London and the South East in Uk goes into new Tier 4 re covid and this new strain which is most prevalent in those areas apparently. No further movement re the U.s Stimulus either. These are the 2 known specific fundie themes at play re this pairing at the moment, and the the general theme, (as it always is) is the economy and specifically at the moment the covid induced recession both in Uk and stateside. Tehran has so far not taken the bait re the nuclear scientist assassination so that specific developing theme has not had any effect yet.

Quite a spurt up at close of market friday in this pairing. Dly chart below shows the prev dly/wkly sw (swing) hi zone = prev (previous) res = pot (potential) rbs zone that friday's lo found support in/@ 88.6% 3450-3624. It likely extends down to 3450 which is 50% 3279-3623.
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Trader with an Edge.
  • #566,920
  • Dec 19, 2020 10:40am Dec 19, 2020 10:40am
Quoting ruben247
{quote} Oh Man, I totally agree. I may be new to the thread but definitely not new to LIFE itself. He consistently calls it ‘SM’ leaving a blank question mark to people ‘victims’ asking him ‘what is SM’ lol.. He even says stuff like ‘Use my info with me or ignore me’ / ‘It’s not for the public’ . Is he for real? Not for the public but he’s out in the public? So again, I totally agree with you when you say he’s likely to sell something. In my opinion, he should be banned already before he takes advantage of poor holy grail seekers
SM stands for Stupid Money, he's already been clocked for doing shit like this before "100% gold trading system" the guy is so transparent its funny and really believes his own shit, as with all the others he'll just fade away hopefully sooner rather than later
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