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Cable Update (GBPUSD)

  • #582,681
  • Mar 9, 2021 1:16am Mar 9, 2021 1:16am
H1
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  • #582,682
  • Mar 9, 2021 1:20am Mar 9, 2021 1:20am
Quoting cspip
{quote} In Forex there is no move which is fake.

WHY ? Care to elaborate to help this Newbie to understand.


I'm Newbie, two weeks ago someone told me there is no Supply & Demand in Forex.

There's only Institutional Order Flow, or Order Block something , sound like that.


Next the will say there is no Support & Resistant.

By then, I will not be able to trade coz, That's the only tool I know how to trade forex.

Next they will also say , there is no Fibonacci in Forex, and the list go on.

By then, there is only two things left to choose from.....

Moty's Hammer and Spike Lee.

  • #582,683
  • Mar 9, 2021 1:22am Mar 9, 2021 1:22am
2 PP are still missing:

from 05.03 -1.3930th,
WPP - 1.3879

let's see
dolce vita
  • #582,684
  • Mar 9, 2021 1:26am Mar 9, 2021 1:26am
Quoting phd893
H1 {image}
H4
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  • #582,685
  • Mar 9, 2021 1:27am Mar 9, 2021 1:27am
Quoting Sang.Real
{quote} WHY ? Care to elaborate to help this Newbie to understand. I'm Newbie, two weeks ago someone told me there is no Supply & Demand in Forex. There's only Institutional Order Flow, or Order Block something , sound like that. Next the will say there is no Support & Resistant. By then, I will not be able to trade coz, That's the only tool I know how to trade forex. Next they will also say , there is no Fibonacci in Forex, and the list go on. By then, there is only two things left to choose from..... Moty's Hammer and Spike Lee. ...
Just buzzwords, there's a ton of people out there claiming they're using 'institutional' trading methods cause it sounds cool. Fits in with a whole marketing narrative along the lines of 'oh you're using retail methods (TA), how's that working out for you?'. Certainly the folks using so called 'institutional' methods are more aware of manipulation, liquidity grabs etc and try to use this to their advantage.

Using depth of market/footprint/volume profile/order flow is legit and a totally different style of trading but not possible in the decentralised forex spot market, only futures

Supply and demand is also legit and different to S&R, I think the two are conflated quite a lot

Honestly I think the best way of trading is what works for you, I like to take concepts from every school of thought and try and learn from it and adapt it to my own style of trading, just be aware of the limitations of each style. Everything is imperfect in this game
  • #582,686
  • Mar 9, 2021 1:31am Mar 9, 2021 1:31am
levels to watch,..
she has already brought 1.3845

if she will return???
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dolce vita
  • #582,687
  • Mar 9, 2021 1:33am Mar 9, 2021 1:33am
... nice bounce off the prev 1hr sw hi zone and Daily pivot - strong momentum breaking above the hi of the recent 1hr/4hr range now. 4hr pennant breached to the upside. Testing prev 1hr/4hr swing lo now = prev supp = pot sbr.

1hr below.
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Trader with an Edge.
  • #582,688
  • Mar 9, 2021 1:33am Mar 9, 2021 1:33am
Quoting Sang.Real
{quote} WHY ? Care to elaborate to help this Newbie to understand. I'm Newbie, two weeks ago someone told me there is no Supply & Demand in Forex. There's only Institutional Order Flow, or Order Block something , sound like that. Next the will say there is no Support & Resistant. By then, I will not be able to trade coz, That's the only tool I know how to trade forex. Next they will also say , there is no Fibonacci in Forex, and the list go on. By then, there is only two things left to choose from..... Moty's Hammer and Spike Lee. ...
Stick to what works well for you, and that is the real deal; name it whatever you want.
Do more of what works and less of what doesn't
  • #582,689
  • Edited 4:01am Mar 9, 2021 1:33am | Edited 4:01am
Quoting mysterio
{quote} Just buzzwords, there's a ton of people out there claiming they're using 'institutional' trading methods cause it sounds cool. Fits in with a whole marketing narrative along the lines of 'oh you're using retail methods (TA), how's that working out for you?'. Certainly the folks using so called 'institutional' methods are more aware of manipulation, liquidity grabs etc and try to use this to their advantage. Using depth of market/footprint/volume profile/order flow is legit and a totally different style of trading but not possible in the...

Thanks Bro.


I kind of like the idea...... It goes like this


What are you trading ?.

I'm Trading Spike Lee at L.O. target 1,39000.

Then what ?.

Ohhh, I might switch to Moty's Hammer at 1,3900 target 1,37000


That is possible in the future..


  • #582,690
  • Mar 9, 2021 1:36am Mar 9, 2021 1:36am
frankfurt aholes bring on the brits
If you are new to Forex? Say Goodbye to your account!!
  • #582,691
  • Mar 9, 2021 1:36am Mar 9, 2021 1:36am
can i have a coffee


or better close everything right now

dolce vita
  • #582,692
  • Mar 9, 2021 1:37am Mar 9, 2021 1:37am
Quoting phd893
H1 {image}
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  • #582,693
  • Mar 9, 2021 1:39am Mar 9, 2021 1:39am
[quote=babayaga;13443460]can i have a coffee or better close everything right now [/quote

Yes, you can if you put your stop levels
Do more of what works and less of what doesn't
  • #582,694
  • Mar 9, 2021 1:41am Mar 9, 2021 1:41am
Quoting phd893
{quote} {image}
Mark Rothco's 'Green on Black with Lines?'
Trader with an Edge.
  • #582,695
  • Mar 9, 2021 1:44am Mar 9, 2021 1:44am
[quote=KingLi;13443467]
Quoting babayaga
can i have a coffee or better close everything right now [/quote Yes, you can if you put your stop levels
thank you,
I'll wait ( I think it is only beginning )

P.S. too early for me to put SL
dolce vita
  • #582,696
  • Mar 9, 2021 1:46am Mar 9, 2021 1:46am
trade safe

Inserted Video
dolce vita
  • #582,697
  • Mar 9, 2021 1:50am Mar 9, 2021 1:50am
Quoting Headland
{quote} Mark Rothco's 'Green on Black with Lines?'
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  • #582,698
  • Mar 9, 2021 1:51am Mar 9, 2021 1:51am
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eu has to go almost 100 pips for WPP (UP)
let's see what will cable do

I am here too
dolce vita
  • #582,699
  • Mar 9, 2021 1:59am Mar 9, 2021 1:59am
4hr below shows the near-term upside fibs.
Attached Image
Trader with an Edge.
  • #582,700
  • Mar 9, 2021 2:00am Mar 9, 2021 2:00am
Couldn't enter GBPUSD and switched to GBPJPY
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Do more of what works and less of what doesn't
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