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Cable Update (GBPUSD)

  • #602,161
  • Jun 14, 2021 11:52am Jun 14, 2021 11:52am
Quoting maheeee
{quote} it just my analysis...its not guarantee...
Hi Maheeee,

can you share your analysis.

I'm serious to learn from you.

What Technical or Fundamental factor that price will drop below 1.40700.

Thanks in advance.

p/s I think you overlook tw0 of my previous question, remains unanswered
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #602,162
  • Jun 14, 2021 12:02pm Jun 14, 2021 12:02pm
Quoting MTF Test
{quote} I recon to hold it hence HH is cleared on smaller TF's, Could fly away without a correction. Only an assumption supported by facts of course.
GU

Price is within a very tight S&R zones.

Too risky to scalp now.

Maybe price need to moved lower to H4 RBS zone to bounce one more time tomorrow.


Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #602,163
  • Jun 14, 2021 12:07pm Jun 14, 2021 12:07pm
Quoting ia1979
{quote} Hey I get the idea behind building positions, but some of your positions are taken at the same time, for the same size. Not sure of the logic behind it. Not criticising, just trying to understand. Thanks.
I use algo for trade management.

Algo will calculate for me risk/exposure per trade.

My basis is 1.5% total risk for 10 lot trade split into 9 or 10 open position.

Algo will help me to enter at high speed entry, sometimes there are two identical entry within seconds apart.

The split position are used in case I choose to partial closed some position, normally before red news.

All trade decision are based on technical analysis, not algo.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #602,164
  • Edited 12:20pm Jun 14, 2021 12:07pm | Edited 12:20pm
Quoting MTF Test
Building more longs. Trusting my analysis here on 1M TF. {image}
Bang. Busted.

Something to learn :

1.) Did I do anything wrong - Nope, I followed my trading plan. Results are immaterial. Key is to follow your trading plan.
2.) What is the take on this trade - One loss does not decide whether I am unprofitable or a looser. I will need to keep follow my plan.
3.) Improvements : I should have locked in with BE which I did not do, I was busy posting in FF for people to learn. . Focus.. Focus. Focus.
Fools Rushing
  • #602,165
  • Jun 14, 2021 12:13pm Jun 14, 2021 12:13pm
Nothing to add here, I haven’t traded today and can’t see any trades I like. Instead today has been an inspiration day, reading some Thomas Carlyle.

I thought I’d share a few quotes - hope you don’t mind. He was a great satirist and mathematician, among other things, and few activities deserve satire more than forex trading! Don’t agree with all his views but no doubt he was wise about many things.

"The weakest living creature, by concentrating his powers on a single object, can accomplish something. The strongest, by dispensing his over many, may fail to accomplish anything. The drop, by continually falling, bores its passage through the hardest rock. The hasty torrent rushes over it with hideous uproar, and leaves no trace behind." <don’t over trade>

"No man sees far, most see no farther than their noses."

"Nothing is more terrible than activity without insight.”

"Instead of saying that man is the creature of circumstance, it would be nearer the mark to say that man is the architect of circumstance."

"What are your Axioms, and Categories, and Systems, and Aphorisms? Words, words.... Be not the slave of Words."

"There is so much data available to us, but most data won't help us succeed."

"Our main business is not to see what lies dimly at a distance, but to do what lies clearly at hand."

~ Thomas Carlyle
  • #602,166
  • Jun 14, 2021 12:18pm Jun 14, 2021 12:18pm
Quoting Bainbrito
Nothing to add here, I haven’t traded today and can’t see any trades I like. Instead today has been an inspiration day, reading some Thomas Carlyle. I thought I’d share a few quotes - hope you don’t mind. He was a great satirist and mathematician, among other things, and few activities deserve satire more than forex trading! Don’t agree with all his views but no doubt he was wise about many things. "The weakest living creature, by concentrating his powers on a single object, can accomplish something. The strongest, by dispensing his over many, may...
indeed a profound philosopher. Have a look at my trading quote.

Good on you. my man.
Fools Rushing
  • #602,167
  • Jun 14, 2021 12:18pm Jun 14, 2021 12:18pm
Quoting MTF Test
{quote} Bang. Busted. Something to learn : 1.) Did I do anything wrong - Nope, I followed my trading plan. Results are immaterial. Key is to follow your trading plan. 2.) Whats is the take on this trade - One loss does not decide whether i am unprofitable. I will need to keep follow my plan. 3.) Improvements : I should have locked in with BE which I did not do, I was busy posting in FF for people to learn. . Focus.. Focus. Focus.
I think, it's more related to the time of the day.
It's late and London closed which left with small trading ranges.
I've seen , You have strong technical analysis during normal/peak trading hours.

And sometimes the ranges are pretty tight and even experienced range traders will sit on their hands.
If your going to trade that way you'll need to establish your own rules for range trading.
No matter what your style, patience will always be an element.

Good nite.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #602,168
  • Jun 14, 2021 12:25pm Jun 14, 2021 12:25pm
Quoting MTF Test
{quote} indeed a profound philosopher. Have a look at my trading quote. Good on you. my man.
Oh yes!
  • #602,169
  • Jun 14, 2021 12:29pm Jun 14, 2021 12:29pm
Quoting Bainbrito
Nothing to add here, I haven’t traded today and can’t see any trades I like. Instead today has been an inspiration day, reading some Thomas Carlyle. I thought I’d share a few quotes - hope you don’t mind. He was a great satirist and mathematician, among other things, and few activities deserve satire more than forex trading! Don’t agree with all his views but no doubt he was wise about many things. "The weakest living creature, by concentrating his powers on a single object, can accomplish something. The strongest, by dispensing his over many, may...

Much wisdom in this post ,Bainbrito .

And all your previous posts.

I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #602,170
  • Jun 14, 2021 12:31pm Jun 14, 2021 12:31pm
Quoting Pat Chiko
{quote} I think, it's more related to the time of the day. It's late and London closed which left with small trading ranges. I've seen , You have strong technical analysis during normal/peak trading hours. And sometimes the ranges are pretty tight and even experienced range traders will sit on their hands. If your going to trade that way you'll need to establish your own rules for range trading. No matter what your style, patience will always be an element. Good nite.
Cheers !
Fools Rushing
  • #602,171
  • Jun 14, 2021 12:42pm Jun 14, 2021 12:42pm
Try focus on these sessions only

LO Open
NY Open
LO Close
  • #602,172
  • Jun 14, 2021 12:50pm Jun 14, 2021 12:50pm
Quoting Pat Chiko
{quote} Much wisdom in this post ,Bainbrito . And all your previous posts.
Thank you Pat, that means a lot
  • #602,173
  • Jun 14, 2021 1:14pm Jun 14, 2021 1:14pm
Quoting DailyChart
Try focus on these sessions only LO Open NY Open LO Close
can you post the timings in EST pls
Intraday only.
  • #602,174
  • Jun 14, 2021 1:30pm Jun 14, 2021 1:30pm
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yes yes yes
  • #602,175
  • Jun 14, 2021 1:31pm Jun 14, 2021 1:31pm
Quoting stevepatt
GBP/USD M30 M5 Observations Price is continuing to Fail to make New Highs Waiting for a Break of Structure Short to Confirm Bears back in Control I'm only looking Short Term it's very difficult to get an accurate Long Term Probability of Price Movement I think we can all see that..... {image}
There is a H1/M30 break of structure to the upside. This may imply that the pair will continue up after retracement.
  • #602,176
  • Jun 14, 2021 1:59pm Jun 14, 2021 1:59pm
STILL SELLING IT
  • #602,177
  • Jun 14, 2021 2:13pm Jun 14, 2021 2:13pm
Only losers are selling cable...wtf...
Read your charts...
  • #602,178
  • Jun 14, 2021 2:30pm Jun 14, 2021 2:30pm
Quoting thevisitor
Only losers are selling cable...wtf... Read your charts...
What does it say? Educate us
  • #602,179
  • Jun 14, 2021 2:31pm Jun 14, 2021 2:31pm
1.4150 min
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No , it is real money and no microlot shit..
  • #602,180
  • Jun 14, 2021 2:44pm Jun 14, 2021 2:44pm
Quoting Pat Chiko
{quote} I use algo for trade management. Algo will calculate for me risk/exposure per trade. My basis is 1.5% total risk for 10 lot trade split into 9 or 10 open position. Algo will help me to enter at high speed entry, sometimes there are two identical entry within seconds apart. The split position are used in case I choose to partial closed some position, normally before red news. All trade decision are based on technical analysis, not algo.
On what basis does algo place additional orders?
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