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Cable Update (GBPUSD)

  • #582,681
  • Mar 8, 2021 11:16pm Mar 8, 2021 11:16pm
H1
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  • #582,682
  • Mar 8, 2021 11:20pm Mar 8, 2021 11:20pm
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 8, 2021 11:22pm Mar 8, 2021 11:22pm
2 PP are still missing:

from 05.03 -1.3930th,
WPP - 1.3879

let's see
dolce vita
  • #582,684
  • Mar 8, 2021 11:26pm Mar 8, 2021 11:26pm
Quoting phd893
H1 {image}
H4
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  • #582,685
  • Mar 8, 2021 11:27pm Mar 8, 2021 11:27pm
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 8, 2021 11:31pm Mar 8, 2021 11:31pm
levels to watch,..
she has already brought 1.3845

if she will return???
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dolce vita
  • #582,687
  • Mar 8, 2021 11:33pm Mar 8, 2021 11:33pm
... 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 8, 2021 11:33pm Mar 8, 2021 11:33pm
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 Mar 9, 2021 2:01am Mar 8, 2021 11:33pm | Edited Mar 9, 2021 2:01am
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 8, 2021 11:36pm Mar 8, 2021 11:36pm
frankfurt aholes bring on the brits
If you are new to Forex? Say Goodbye to your account!!
  • #582,691
  • Mar 8, 2021 11:36pm Mar 8, 2021 11:36pm
can i have a coffee


or better close everything right now

dolce vita
  • #582,692
  • Mar 8, 2021 11:37pm Mar 8, 2021 11:37pm
Quoting phd893
H1 {image}
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  • #582,693
  • Mar 8, 2021 11:39pm Mar 8, 2021 11:39pm
[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 8, 2021 11:41pm Mar 8, 2021 11:41pm
Quoting phd893
{quote} {image}
Mark Rothco's 'Green on Black with Lines?'
Trader with an Edge.
  • #582,695
  • Mar 8, 2021 11:44pm Mar 8, 2021 11:44pm
[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 8, 2021 11:46pm Mar 8, 2021 11:46pm
trade safe

Inserted Video
dolce vita
  • #582,697
  • Mar 8, 2021 11:50pm Mar 8, 2021 11:50pm
Quoting Headland
{quote} Mark Rothco's 'Green on Black with Lines?'
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  • #582,698
  • Mar 8, 2021 11:51pm Mar 8, 2021 11:51pm
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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 8, 2021 11:59pm Mar 8, 2021 11:59pm
4hr below shows the near-term upside fibs.
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Trader with an Edge.
  • #582,700
  • Mar 9, 2021 12:00am Mar 9, 2021 12:00am
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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