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Cable Update (GBPUSD)

  • #618,341
  • Aug 20, 2021 5:05am Aug 20, 2021 5:05am
Quoting kerndc
{quote} i do manual backtesting. it is labour intensive my method. i have no coding skills. so cant be coding algos to do the work for me. -something i want to do actually in the future- i did a brief backtest on silver last night it was tough. i just used the weekly chart and tested 10 trades. ive entered a short today XAGUSD on the daily. hopefully it will work out. im selling it... if i have a trade from a backtest i take it regardless of the environment i donot have a choice . Even if it is clearly going in the oppositie direction i still take...
I read this immediately and thought Mark Douglas even before i got to the end. lol
  • #618,342
  • Aug 20, 2021 5:14am Aug 20, 2021 5:14am
Quoting Houtbay
Moty what time frames do you trade from?

Moty is a robot
MY OPINION NOT FINANCIAL ADVISE
  • #618,343
  • Aug 20, 2021 5:15am Aug 20, 2021 5:15am
Eurgbp I have longed
  • #618,344
  • Aug 20, 2021 5:15am Aug 20, 2021 5:15am
Quoting kerndc
{quote} i do manual backtesting. it is labour intensive my method. i have no coding skills. so cant be coding algos to do the work for me. -something i want to do actually in the future- i did a brief backtest on silver last night it was tough. i just used the weekly chart and tested 10 trades. ive entered a short today XAGUSD on the daily. hopefully it will work out. im selling it... if i have a trade from a backtest i take it regardless of the environment i donot have a choice . Even if it is clearly going in the oppositie direction i still take...
Hi my friend,
I think you can backtest little bit more like 500 trade. You can study your last 10 trade how you can do better that will help you. It is my honest and humble opinion. you can follow it. It will improve your confidence. If it is indicator based system most likely it will fail in certain market conditions and do very well in other market conditions. If it is price based system you should test that over all do your price based system performed well than your indicator based system?
I have found few traders they say they are price based system trader but the performed much worse than indicator based system, In that case they should follow their indicator based system and have to avoid the market conditions where system fails. since Most of the trader use momentum based system the are like to do well when market are trending. they will lose when market are direction less. PA based traders do well when price is in a range, Good PA based traders do well in trending market too. Study your last few trade it will give lots of new idea for improvement.
Best of luck
MA provides the market's current direction and strength.
  • #618,345
  • Edited 5:28am Aug 20, 2021 5:15am | Edited 5:28am
Quoting OAPDave
{image}
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  • #618,346
  • Aug 20, 2021 5:17am Aug 20, 2021 5:17am
Quoting Luke97
Good sell GU {image}
100+ clean pips if you took the trade.
  • #618,347
  • Aug 20, 2021 5:20am Aug 20, 2021 5:20am
Oil and silver approaching H1 support. at the same time GBPUSD approaching 1.36 LOD if the commodities break lower i guess the dollar will rise futher and GBPUSD will see 1.35ish today hopefully since my 1.3540 order is patiently waiting for the price to come down already... will be nice to go into the weekend with that order filled.
Trend_Masters
  • #618,348
  • Aug 20, 2021 5:25am Aug 20, 2021 5:25am
..there is certainly scope (from an adr point of view) for more downside or indeed upside movement today. 1hr below.
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Trader with an Edge.
  • #618,349
  • Aug 20, 2021 5:34am Aug 20, 2021 5:34am
Shorting from 13613 tp at 13570 SL 13635
Insane in the Brain..
  • #618,350
  • Aug 20, 2021 5:35am Aug 20, 2021 5:35am
I'm getting bored, can we break up already please. Been staring at the screen willing price up for 4.5 hours. It's gonna go down again isn't it
Attached Image (click to enlarge)
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  • #618,351
  • Aug 20, 2021 5:36am Aug 20, 2021 5:36am
Quoting mysterio
I'm getting bored, can we break up already please. Been staring at the screen willing price up for 4.5 hours {image}
hope you are right
  • #618,352
  • Edited 5:51am Aug 20, 2021 5:38am | Edited 5:51am
Quoting genadi
{quote} hope you are right
Not sure. Just keep your RR good and you can be wrong most of the time and still make money

I guess we're waiting for NY volume

As it's Friday expect the unexpected, ready to escape at the drop of a hat. Retail heavy long which isn't ideal
  • #618,353
  • Aug 20, 2021 5:39am Aug 20, 2021 5:39am
Quoting gatenio
{quote} Arief harmonic magic?
yes, he's developer
Daddy, Brother, Lover, Little Boy
  • #618,354
  • Aug 20, 2021 5:39am Aug 20, 2021 5:39am
The daily trend for Eurusd, Gbpusd is downwards.
  • #618,355
  • Aug 20, 2021 5:40am Aug 20, 2021 5:40am
Hello friends, cable reversal starts today if price stays above 1.3665 till 12 pm GMT when America opens, however if price fails to break the current european session low by 7 pips below it's an indication that cable closes above 1.3676 today. Happy trading
  • #618,356
  • Aug 20, 2021 5:44am Aug 20, 2021 5:44am
Quoting gabolan3
Hello friends, cable reversal starts today if price stays above 1.3665 till 12 pm GMT when America opens, however if price fails to break the current european session low by 7 pips below it's an indication that cable closes above 1.3676 today. Happy trading
Stays above? We're at 1.3620
  • #618,357
  • Aug 20, 2021 5:47am Aug 20, 2021 5:47am
Quoting Moty
{image}

As information for you Moty and friends in this thread, we have a chance to sell on UsdCad 2 hours from now.

ServerUang
  • #618,358
  • Aug 20, 2021 5:53am Aug 20, 2021 5:53am
Quoting Mr.Burger
{quote} yes, he's developer
I know.. not a developer, a master!
im using his old version.
  • #618,359
  • Aug 20, 2021 5:56am Aug 20, 2021 5:56am
#GBPUSD / H4
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  • #618,360
  • Aug 20, 2021 5:59am Aug 20, 2021 5:59am
GA Break and retest?
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CPUmice