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Cable Update (GBPUSD)

  • #613,921
  • Aug 3, 2021 4:21am Aug 3, 2021 4:21am
Quoting Pat Chiko
{quote} Good Day Jude. hope all is well. Great to observe your trading discipline in making those trades works so flawless. We as traders often use the word discipline. Who are they disciplining, ourselves. More specifically, our egos. We are hard-wired backward for success in the markets. We want to avoid pain and only seek pleasure. Taking losses is painful, and taking profits is pleasurable. So it is only natural that we would take quick profits and delay taking losses. We are naturally wired that way, and that is why trading is simple but not...
Cheers Pat. !! I am honored to get this from a pro trader with vast experience.
Fools Rushing
  • #613,922
  • Aug 3, 2021 4:23am Aug 3, 2021 4:23am
Quoting navk
I am short. Stop 3924
Bro, Don't you think it's the retest which is happening now. ?? which will proceed to the north.
Fools Rushing
  • #613,923
  • Aug 3, 2021 4:25am Aug 3, 2021 4:25am
Quoting Moty
{quote} wait for 1.39318
i really dont now how you get this number
  • #613,924
  • Aug 3, 2021 4:28am Aug 3, 2021 4:28am
GU.

Waiting for Short set up. Maybe NYO.

I switch TFs to find a price configuration l recognize.
This can mean going from daily and scanning into the daily bars to find support or resistance or supply and demand levels which may appear on a 30min chart etc
There isn't a set tf - its more a case of what tf has 2 levels that have clear S&D and/or S&R levels.

Then its a case of staying on that tf and trading the levels identified.


We always see the major problem is waiting for the right setup or entry criteria to appear.
Most traders spend a great deal of time deciding when and where to enter the market with little thought of where to get out when they are wrong.

It really doesn't matter how and when you make your entry trade.
What really counts is how you manage the trade.

Nothing else really matters.

Attached Image (click to enlarge)
Click to Enlarge Name: gu 017.jpg Size: 296 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #613,925
  • Aug 3, 2021 4:30am Aug 3, 2021 4:30am
Quoting MTF Test
{quote} Bro, Don't you think it's the retest which is happening now. ?? which will proceed to the north.
My system says to short.

My TP is set to 3860 now.

All in line from 5 AM EST.

I will take loss if it gets hit.

My day is already done.

It is small lot so no problem if stop gets hit.

If stop gets hit, i will short at highs again in NY
Intraday only.
  • #613,926
  • Aug 3, 2021 4:35am Aug 3, 2021 4:35am
Quoting gatenio
{quote} i really dont now how you get this number
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 39 KB
yes yes yes
  • #613,927
  • Aug 3, 2021 4:38am Aug 3, 2021 4:38am
Quoting MTF Test
{quote} Cheers Pat. !! I am honored to get this from a pro trader with vast experience.
Hey Jude. (I stole that line from the Beatles song)

You deserve a medal for such an insightful answer.
Your post, for the most part has been working in helping/teaching a lot of people on how to stay with descpline.

As well I Just wanted to say that you deserve the praises for being one of the most aspiring traders in this thread.

Keep it coming Jude.

Regards

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #613,928
  • Aug 3, 2021 4:39am Aug 3, 2021 4:39am
Quoting Moty
{quote} {image}
good luck. i dont see nothing special at y's high.
  • #613,929
  • Aug 3, 2021 4:40am Aug 3, 2021 4:40am
Quoting bureuk
i shorted. {quote} By the way, thanks for the these good template Moty. Can you give me tips about tma and timeframes? which time frame fits best with this indicator? dont you use tma anymore? {image}
this is the way to use the band
Attached Image (click to enlarge)
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yes yes yes
  • #613,930
  • Aug 3, 2021 4:44am Aug 3, 2021 4:44am
I do not want to set my stop at 3930 yesterday high.

Today the high is high to me.

3923. So my stop set at 3924.

Break of it... goes high more.
Intraday only.
  • #613,931
  • Aug 3, 2021 4:49am Aug 3, 2021 4:49am
Quoting gatenio
{quote} good luck. i dont see nothing special at y's high.
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 15 KB
yes yes yes
  • #613,932
  • Aug 3, 2021 4:55am Aug 3, 2021 4:55am
Quoting MTF Test
{quote} Cheers Pat. !! I am honored to get this from a pro trader with vast experience.
I closed all.

You know... usually the aim is to make 0.5 % to 1 % without violations. If that is done, you end up with an account 100k.

This is what avearge required.

I captured already 1.98 %.

I do not want to be greedy.

Greed and Fear kill the account.

What one look for is a clear 30 pips every day.

Greed will surely kill the account.
Intraday only.
  • #613,933
  • Aug 3, 2021 4:59am Aug 3, 2021 4:59am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 34 KB
yes yes yes
  • #613,934
  • Aug 3, 2021 4:59am Aug 3, 2021 4:59am
Quoting Moty
{quote} {image}
Good Observation moty. History repeats. Anything is possible.

Bought GU @ 39126 and GJ @ 151.930. Tight Stops.

Cheers everyone !
Fools Rushing
  • #613,935
  • Aug 3, 2021 5:04am Aug 3, 2021 5:04am
Quoting navk
{quote} I closed all. You know... usually the aim is to make 0.5 % to 1 % without violations. If that is done, you end up with an account 100k. This is what avearge required. I captured already 1.98 %. I do not want to be greedy. Greed and Fear kill the account. What one look for is a clear 30 pips every day. Greed will surely kill the account.
Cheers bro ! We both are in the same page. We trade for firms. So, what you do is exactly right. Well done mate.
Fools Rushing
  • #613,936
  • Aug 3, 2021 5:04am Aug 3, 2021 5:04am
Quoting Pat Chiko
GU. Waiting for Short set up. Maybe NYO. I switch TFs to find a price configuration l recognize. This can mean going from daily and scanning into the daily bars to find support or resistance or supply and demand levels which may appear on a 30min chart etc There isn't a set tf - its more a case of what tf has 2 levels that have clear S&D and/or S&R levels. Then its a case of staying on that tf and trading the levels identified. We always see the major problem is waiting for the right setup or entry criteria to appear. Most traders spend a great...
GU

Refining trade set up finding better price for entry.

Switch to LTF for confirmation and sweet spot for entry.

Meanwhile, just wait for price to come to you for the entry.

Trade well and wish all of you here many many green pips.

Warm summer Regards

PAT.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 018.jpg Size: 227 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #613,937
  • Aug 3, 2021 5:06am Aug 3, 2021 5:06am
Quoting Tekin
{quote} ok second position activated sl 30 pips 1.3952 and closing screen a few hours lower position tp 1.3875 upper position 1.3741 time will do its job
ok 1.3905 hourly support and 1.3888 is h4 bulls are pushing it
  • #613,938
  • Aug 3, 2021 5:10am Aug 3, 2021 5:10am
Quoting Moty
{image}
Moty,

The hourly MACD needs to show weakness to go short.

Yes, there is resistance but MACD has it s own upward strenght.

It may go higher.
Attached Image (click to enlarge)
Click to Enlarge Name: Traders Global Group Incorporated MT4.png Size: 154 KB
Intraday only.
  • #613,939
  • Aug 3, 2021 5:10am Aug 3, 2021 5:10am
My view
Attached Image (click to enlarge)
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  • #613,940
  • Aug 3, 2021 5:13am Aug 3, 2021 5:13am
Was expecting a bigger drop to 13890/139 seems to have bounced back a bit earlier around the 13905 area. Will close short if the swing to long is confirmed over 13925

Edit short closed at b/e switched to long for a few pips
Insane in the Brain..
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