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Cable Update (GBPUSD)

  • #618,101
  • Aug 19, 2021 11:25am Aug 19, 2021 11:25am
Quoting Techanalyst
Here is a list of proper way to trade based on what is your style of trading. You can't scalp on 4hr or daily, and you can't be a long term trader on 15 min chart. Trade safe. {image}
I agree. I have a questions, If I find setup in H4 and enter the trade in the m15 chart can become swing trader ?
MA provides the market's current direction and strength.
  • #618,102
  • Aug 19, 2021 11:27am Aug 19, 2021 11:27am
Quoting Techanalyst
{quote} You can trade however you want, whatever you are comfortable with. But trading on 4hr and daily is not scalping. It is a swing.
I trade no timeframes so does that make me a gambler
  • #618,103
  • Aug 19, 2021 11:32am Aug 19, 2021 11:32am
Quoting hasib
{quote} I agree. I have a questions, If I find setup in H4 and enter the trade in the m15 chart can become swing trader ?
You can spot on daily, for example it hit the supply zone, and it is turning bearish. So you can go on lower time frames, and confirm the entry. Now when it goes down X amount of pips and you are scalper or day trader, you close it. You are not concern what is going to happen in weeks or months. If you are a long term trader, you would hold until it gets to demand zone, or until the price starts turning the other way, where it will create demand zone, and you can buy again and hold. Rince and repeat. But this is other proof, to show that technical analysis on higher time frames like daily, works much better. Even as a scalper, a lot of traders go on higher time frames to confirm what is happening. Which is smart thing to do. Now people that strictly scalp, on lower time frames, most of them will lose because it is like flipping a coin. So to sum it up, one can be short term and or long term trader, but to be profitable, one should go on higher time frame and confirm the trend. If you are just looking at 5 minute chart and just trade based off that, well you have to be literally glued to a computer, and it is still risky, because like I said, it is like flipping a coin to buy or sell. Trade safe.
  • #618,104
  • Edited 11:54am Aug 19, 2021 11:32am | Edited 11:54am
Quoting Techanalyst
{quote} You can trade however you want, whatever you are comfortable with. But trading on 4hr and daily is not scalping. It is a swing.
OK Cool.

I'm not breaking any law here ? Am I ?

Times Changes ; 15 years ago GBP/USD move 150-200 pips /day. Day traders/Swing made easy money.

Last few years, market change, a lot, small swing and change in direction are madness to swing traders.

We have to adapt to market, as long I'm not breaking any law.

You will find it's very interesting to Scalp using H4 or Daily TF Chart.

Give it a try. One things for sure, low risk and easy to identify set up compares to LTF as, it is less noisy.

Regards

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #618,105
  • Aug 19, 2021 11:35am Aug 19, 2021 11:35am
Quoting Techanalyst
{quote} You can trade however you want, whatever you are comfortable with. But trading on 4hr and daily is not scalping. It is a swing.
I know few people they scalp the H4 chart, Swing trading and scalping H4 chart has differences.
Scalper look for 1 candle profit or may be with in the candle H4 close the trade.
Scalping H4 has its advantage, Example when market is choppy the get what they wants easily. problem is when market move one directions the miss nice swing. some H4 scalper some time get the advantage of swing.

There are few day trader they actually not Day trade the take their signal form Large TF like H4 and D1, the enter in M5, M15, so that the took small loss. this kind of traders lose more but small lose they took. when they win they win big. there are many ways to attack the market.
MA provides the market's current direction and strength.
  • #618,106
  • Aug 19, 2021 11:35am Aug 19, 2021 11:35am
Hello friends a quick and final note for today as we think it good to share good things with other, cable closes below 1.3676 today and finds itself within a range to continue long selling tomorow, but as it stands european session shall be bullish as traders try to stay above 1.3676 to enter into America session bullish and close the day bullish which if they fail shall result in price decline to close the week,
  • #618,107
  • Aug 19, 2021 11:37am Aug 19, 2021 11:37am
Quoting Pat Chiko
{quote} GU Closed all SCALPING position. Fish in the net. Easy catch at Liquidity zone. {image} Rule of thumb: In a bull market, be long or neutral - in a bear market, be short or neutral. If you forget this rule and trade against the trend, you will usually cause yourself to suffer psychological worries, and frequently, losses. Another point to ponder Most traders is looking for longs at the first consolidation zone, but sometimes price broke to the south again. That is why we never trade on anticipation, only reaction. I'm always open to whatever,...
Hi, great work.
1 of a few question i have.

why do you sell 6x different at different prices. why not just sell once? you sell +-1.98 6x why you never simply just sell 10.0 1 time and save your fingers all that clicking??

and once again you achieved excellent work today

regards.
Trend_Masters
  • #618,108
  • Aug 19, 2021 11:40am Aug 19, 2021 11:40am
Quoting Waveskierrob
{quote} I trade no timeframes so does that make me a gambler
No.

If you trade without time it is going to be as considered to consist of three dimensions of space and one dimension of time,
Known as 4D spacetime Dimension according to


Khabane Lame
Attached Image (click to enlarge)
Click to Enlarge Name: khabane-lame.jpg Size: 65 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #618,109
  • Aug 19, 2021 11:44am Aug 19, 2021 11:44am
Quoting Pat Chiko
{quote} OK Cool. I'm not breaking any law here ? Am I ? Times Changes ; 15 years ago GBP/USD move 150-200 pips /day. Day traders/Swing easy money. Last few years, market chance, a lot, small swing and chance direction are madness to swing. We have to adapt to market, as long I'm not breaking any law. You will find it's very interesting to Scalp using H4 or Daily TF Chart. Give it a try. One things for sure, low risk and easy to identify set up compares to LTF as, it is less noisy. Regards PAT
Attached Image
  • #618,110
  • Aug 19, 2021 11:45am Aug 19, 2021 11:45am
From my Chart Daily Open
No Buyers had any interest
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1e.png Size: 59 KB
  • #618,111
  • Aug 19, 2021 11:45am Aug 19, 2021 11:45am
if you like scalp on monthly chart

its ur money ...stick to what work best for you.
MY OPINION NOT FINANCIAL ADVISE
  • #618,112
  • Aug 19, 2021 11:46am Aug 19, 2021 11:46am
Quoting Pat Chiko
{quote} OK Cool. I'm not breaking any law here ? Am I ? Times Changes ; 15 years ago GBP/USD move 150-200 pips /day. Day traders/Swing easy money. Last few years, market chance, a lot, small swing and chance direction are madness to swing. We have to adapt to market, as long I'm not breaking any law. You will find it's very interesting to Scalp using H4 or Daily TF Chart. Give it a try. One things for sure, low risk and easy to identify set up compares to LTF as, it is less noisy. Regards PAT
Hi Pat
Enlighten us with your HTF scalping method,
I personally do just opposite, I took HTF signal and I go LTF and Attack the market several times until HTF setup is valid.

I want to know more about your way of thinking.
MA provides the market's current direction and strength.
  • #618,113
  • Aug 19, 2021 11:46am Aug 19, 2021 11:46am
Quoting donfriday
if you like scalp on monthly chart its ur money ...stick to what work best for you.
lol
Daddy, Brother, Lover, Little Boy
  • #618,114
  • Aug 19, 2021 11:47am Aug 19, 2021 11:47am
Quoting Pat Chiko
{quote} No. If you trade without time it is going to be as considered to consist of three dimensions of space and one dimension of time, Known as 4D spacetime Dimension according to Khabane Lame {image}
Maybe I'm not here .................yes I am
  • #618,115
  • Aug 19, 2021 11:47am Aug 19, 2021 11:47am
Quoting kerndc
{quote} Hi, great work. 1 of a few question i have. why do you sell 6x different at different prices. why not just sell once? you sell +-1.98 6x why you never simply just sell 10.0 1 time and save your fingers all that clicking?? and once again you achieved excellent work today regards.
First entry is always a test to my set up.
Getting the feel how the trade going to be.
First of all, if the first trade goes against me right after entry, I have to consider that I may have picked a bad spot to enter.

I mean, that's kind of obvious if it didn't go in our favor right away, right?
We never let a small bad decision turn into a big bad decision.

I'll exit with a small loss and try again later or on another day.
If I try twice to get a trade on and fail both times, it's obvious something isn't working and I'll move to another pair.


2nd, 3rd or 4th trades is where confirmation came in and confident into the trade are in full swing.

Sometimes, I exit those trade at different price, that's why I need different entry to go with.
Exits are more important since that is where profit is made.
They are also more complex.
While there is only one reason to enter, i.e. all our entry criteria are satisfied, there are many reasons to exit.


What Am I writting tonight ? Does it make sense to you all ?

Best Regards

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #618,116
  • Aug 19, 2021 11:52am Aug 19, 2021 11:52am
Quoting hasib
{quote} Hi Pat Enlighten us with your HTF scalping method, I personally do just opposite, I took HTF signal and I go LTF and Attack the market several times until HTF setup is valid. I want to know more about your way of thinking.
Hard for me to write on the trade process.

I posted almost everyday, ever since Sang Real was detained under lock with FF.

You can read my post and from my chart ,set up entries, exit, any traders can figure out how my trades works.

Most of the time I only use Support & Resistnace only.

Hope, you enjoy reading my post and Sang Real post.


PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #618,117
  • Aug 19, 2021 11:53am Aug 19, 2021 11:53am
Quoting TopTT
{quote} HaHahahahhahaaaa. Good To Feel Home

Just don't be naughty again.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #618,118
  • Aug 19, 2021 11:53am Aug 19, 2021 11:53am
Quoting Pat Chiko
{quote} Hard for me to write on the trade process. I posted almost everyday, ever since Sang Real was detained under lock with FF. You can read my post and from my chart ,set up entries, exit, any traders can figure out how my trades works. Most of the time I only use Support & Resistnace only. Hope, you enjoy reading my post and Sang Real post. PAT
Origins Sang Real. Cheers mate for all your writeups
  • #618,119
  • Aug 19, 2021 11:53am Aug 19, 2021 11:53am
Quoting kerndc
{quote} Hi, great work. 1 of a few question i have. why do you sell 6x different at different prices. why not just sell once? you sell +-1.98 6x why you never simply just sell 10.0 1 time and save your fingers all that clicking?? and once again you achieved excellent work today regards.
Hope you don't mine Pat I would like to answer

"If you owned a bookshop would you stock a million of the same book or would you stock ten and see how they sold then stock more if you sell out" more or less the same with trading
  • #618,120
  • Aug 19, 2021 11:54am Aug 19, 2021 11:54am
Quoting Waveskierrob
{quote} {image}
Fun is good but if you lose money your fun will end quicker than you expect.
My humble advise is use stop loss when you trade.
Best of luck
MA provides the market's current direction and strength.
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