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Cable Update (GBPUSD)

  • #622,661
  • Sep 9, 2021 1:21pm Sep 9, 2021 1:21pm
Quoting silolo
I have the feeling PatChiko is purposely posting wrong signals here lately to punish some of his followers. Suddenly most of his signals now hit stop losses consecutively and doesn't bother to update but instead ran to bitcoin thread. I pity anyone taking trading decisions of other traders seriously here. Go and learn trading yourself and never follow any so called gurus unless your account will have kisses of doom. I have tremendously improved in my trading since I started sticking with my candle system and don't care what others think. Most are...
silolo, I am happy to hear that after 4.5 years you have already learned candlestick patterns. Congrats. Now, let me ask you this question: how knowledgeable you are in technical analysis to know what traders in this thread are talking about? You posted in 4.5 years one chart with the hammer and explained what do you expect to happen next. Wow. Please, pick any chart posted here, of any trader, and tell us why these analyses are wrong, shallow, inaccurate. One more thing. Have you ever spent 15 minutes with so-called "smart money" traders? if so, tell us about your experience and its influence on your trading.
Always trade your own plan...I don't provide trading signals.
  • #622,662
  • Sep 9, 2021 1:27pm Sep 9, 2021 1:27pm
Looking at two scenarios here , one for the 15 minute to get a early entry and one for H1 late entry or add in lots

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Follow The Markets Structure - Patience and Discipline
  • #622,663
  • Sep 9, 2021 1:43pm Sep 9, 2021 1:43pm
Quoting Coreg2004
{quote} silolo, I am happy to hear that after 4.5 years you have already learned candlestick patterns. Congrats. Now, let me ask you this question: how knowledgeable you are in technical analysis to know what traders in this thread are talking about? You posted in 4.5 years one chart with the hammer and explained what do you expect to happen next. Wow. Please, pick any chart posted here, of any trader, and tell us why these analyses are wrong, shallow, inaccurate. One more thing. Have you ever spent 15 minutes with so-called "smart money" traders?...
You have my respect Coreg, I couldn't have said it better.
Data + Stat + Risk/Emotions Management
  • #622,664
  • Sep 9, 2021 2:00pm Sep 9, 2021 2:00pm
Quoting Headland
... I took the short but came out for +5 only. It was the way it reached that level, such momentum, although regular bearish div 1min, 3min, 5min convinced me to have a go at least whilst leaving one long running. I'd have been happier to hold the short had there not been such momentum reaching the level, (as seen in 1hr and 4hr candles in particular) and if the >5min t/f's had some regular bearish div too. If it does drop further from here - what is it they say,? I'd rather be out a good one than in a bad one ! 4hr below. ... there is potential...

Further to the point I was making earlier about going against obvious momentum. You can see below that at the current dly hi rice hit Dly R3 @ the base of a prev 1hr sw hi zone = prev res = potential res and at this point was @ 147% 30day adr. Crucially unlike the short @ the potential 1hr/4hr sbr that got busted to the upside (after a small pullback) described above, the regular bearish div now extended to 30min t/f, suggesting a further depletion in upside momentum and this can be seen in the PA candles on both t/f's shown below as well. This and the relationship with adr/and to some extent time of day, was and has been proven by subsequent PA to have been a better shorting opportunity for a bigger target than the earlier one.

1hr, then 30min below.
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Trader with an Edge.
  • #622,665
  • Sep 9, 2021 2:12pm Sep 9, 2021 2:12pm
Quoting silolo
I have the feeling PatChiko is purposely posting wrong signals here lately to punish some of his followers. Suddenly most of his signals now hit stop losses consecutively and doesn't bother to update but instead ran to bitcoin thread. I pity anyone taking trading decisions of other traders seriously here. Go and learn trading yourself and never follow any so called gurus unless your account will have kisses of doom. I have tremendously improved in my trading since I started sticking with my candle system and don't care what others think. Most are...


so far with your candlistick u havent reach anywhere because candles alone doesnt work without levels, have you also Money management if so did you notice Patchiko loses on 1-2 to entries but when he get it right he can add on with almost 5 runnings profit making over 10k on scalp.

getting it wrong 5times and getting it right 5times is never the same if your risk is 1 and reward is 2 in a long run you are still a winner/losing is never a wrong thing but most of u followers just want to make easy money...some of us have been here for more than 10-15 yrs still a student ..market is dynamic.
MY OPINION NOT FINANCIAL ADVISE
  • #622,666
  • Sep 9, 2021 2:24pm Sep 9, 2021 2:24pm
Quoting Coreg2004
{quote} silolo, I am happy to hear that after 4.5 years you have already learned candlestick patterns. Congrats. Now, let me ask you this question: how knowledgeable you are in technical analysis to know what traders in this thread are talking about? You posted in 4.5 years one chart with the hammer and explained what do you expect to happen next. Wow. Please, pick any chart posted here, of any trader, and tell us why these analyses are wrong, shallow, inaccurate. One more thing. Have you ever spent 15 minutes with so-called "smart money" traders?...
Well said, Coreg I had some answers in mind but after seeing your post I could not agree more,
Cheers
Trade to trade another day
  • #622,667
  • Sep 9, 2021 2:25pm Sep 9, 2021 2:25pm
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We cut the winners short and let the losers run.
  • #622,668
  • Edited 2:46pm Sep 9, 2021 2:26pm | Edited 2:46pm
... So, as discussed in my post above, a big day today in terms of 30day adr @ 147% but actually still only 102pips, which on a multi-year historical basis is still low. This is the 2nd >30day adr day this week (a promising sign?) and should drag that average up by a pip or two, (currently 74.)

Less than 2hrs to go till day's close on the gmt+3 daily candle.

* That 3726 y/day's lo is very likely to be confirmed as a L on the dly t/f with close of what almost certainly will be a bullish dly candle today. This t/f remains in an uptrend despite this L but this 'technical' uptrend (re fractal trend analysis) falls within the wider contracting 4001-3572 range on that t/f.
* 4hr has now printed (starting at y/day's 3726 lo) a LL, LH, HL and what, when it forms fractally will be a H (above at least the last 2 x LH's on the t/f) ...so either the early stages of a potential new uptrend on that t/f or entering some rangy conditions?
* 1hr is now effectively in an uptrend, although not quite per fractal trend analysis. Starting @ today's likely 3753 lo the fractal prints have been a LL, H, HL, and a HH at today's current and likely 3862 hi.

** 2 x desc t/lines overhead, the 4hr desc t/line joining 3983 with 3892, and the dly one joining 4249 and 3892. Both are shown on charts below.

Will we see an upside follow thru tomorrow on what is likely to be a bullish dly candle today?

Dly, then 4hr below.
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Trader with an Edge.
  • #622,669
  • Sep 9, 2021 2:34pm Sep 9, 2021 2:34pm
Quoting silolo
I have the feeling PatChiko is purposely posting wrong signals here lately to punish some of his followers. Suddenly most of his signals now hit stop losses consecutively and doesn't bother to update but instead ran to bitcoin thread. I pity anyone taking trading decisions of other traders seriously here. Go and learn trading yourself and never follow any so called gurus unless your account will have kisses of doom. I have tremendously improved in my trading since I started sticking with my candle system and don't care what others think. Most are...
Hi Silolo,
No one should blindly copy other trades. If you do then this becomes your trade, your risk, decision and responsibility. No one to blame but yourself in such situation.

I don't understand your comment made towards Pat Chiko.
Everyone have bad runs. All he is showing is his own set up, his point of view. If you haven't noticed, his trading style is against the trend, finding possible liquidity. Which usually spot on. OK, not always. Today he has closed long trade and swapped to sell. He has his own reasons for doing so. Many of traders short or long here, only a few lucky (today was lucky for me, yesterday wasn't).
We all choose what's best for us, not always succesful.

With all my respect. J
  • #622,670
  • Edited 3:17pm Sep 9, 2021 2:53pm | Edited 3:17pm
Quoting silolo
I have the feeling PatChiko is purposely posting wrong signals here lately to punish some of his followers. Suddenly most of his signals now hit stop losses consecutively and doesn't bother to update but instead ran to bitcoin thread. I pity anyone taking trading decisions of other traders seriously here. Go and learn trading yourself and never follow any so called gurus unless your account will have kisses of doom. I have tremendously improved in my trading since I started sticking with my candle system and don't care what others think. Most are...
I wouldn't blame him for taking a break from this thread, He is an asset to the thread and is very accomodating, often answering the effective same question (s) over and over again with patience and courtesy. I don't know how he can be arsed lol! Re a few losers - so what, he like Moty and a few others here are very transparent and need explain nothing. As others have said, if anyone blindly follows any trades posted here, more fool them.
Trader with an Edge.
  • #622,671
  • Sep 9, 2021 3:20pm Sep 9, 2021 3:20pm
Hi fellas,

"Just expect applause ONLY from you!"

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God bless everyone and their actions!
The only impartial feeling is love. It is also the only feeling of God.
  • #622,672
  • Sep 9, 2021 3:36pm Sep 9, 2021 3:36pm
Quoting silolo
I have the feeling PatChiko is purposely posting wrong signals here lately to punish some of his followers. Suddenly most of his signals now hit stop losses consecutively and doesn't bother to update but instead ran to bitcoin thread. I pity anyone taking trading decisions of other traders seriously here. Go and learn trading yourself and never follow any so called gurus unless your account will have kisses of doom. I have tremendously improved in my trading since I started sticking with my candle system and don't care what others think. Most are...
Well, you're entitled to your opinion but I don't believe that. Pat clearly stated it was scalp trade and besides we have anticipations but it could be wrong. That's nobody's fault.
  • #622,673
  • Sep 9, 2021 4:09pm Sep 9, 2021 4:09pm
Wow...think Pat is going to be overwhelmed with the support......... nighty night all
  • #622,674
  • Sep 9, 2021 4:19pm Sep 9, 2021 4:19pm
I'm still on the sell, Still valid TP1@ 1.37725
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My telegram: https://t.me/avidforex
  • #622,675
  • Sep 9, 2021 4:36pm Sep 9, 2021 4:36pm
I think he is the one disliking Pat's every post... Hey Pat we found your secret admirer..
  • #622,676
  • Sep 9, 2021 4:40pm Sep 9, 2021 4:40pm
Quoting kk300
I think he is the one disliking Pat's every post... Hey Pat we found your secret admirer..
Yes!
I'm sure he copies Pat's trades all the time...
My telegram: https://t.me/avidforex
  • #622,677
  • Sep 9, 2021 4:53pm Sep 9, 2021 4:53pm
Quoting pipfarm
Looking at two scenarios here , one for the 15 minute to get a early entry and one for H1 late entry or add in lots {image} {image}
Hi Pipfarm,
One thing i want to ask is that how deeper that flat correction can go within the structure. Is there anything we would know to be certain or just wait for the other first wave to form and follow accordingly.Todays correction reached the wave 2 of the structure and crossed by few pips... does this mean anything? And chart has come to life after your tree example.. i am now seeing only leafs scattered every where in the chart.. thanks again for the explanation and example.
  • #622,678
  • Edited 5:32pm Sep 9, 2021 5:07pm | Edited 5:32pm
Quoting silolo
I have the feeling PatChiko is purposely posting wrong signals here lately to punish some of his followers. Suddenly most of his signals now hit stop losses consecutively and doesn't bother to update but instead ran to bitcoin thread. I pity anyone taking trading decisions of other traders seriously here. Go and learn trading yourself and never follow any so called gurus unless your account will have kisses of doom. I have tremendously improved in my trading since I started sticking with my candle system and don't care what others think. Most are...
Hi Silolo,
Greeting to you. Hope all is well.

This me, after reading your post.....
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I am just throwing my trade opinion/idea out here. Sometimes got it right, at times got it on the wrong foot.
But I think forex trading is just to large to put in the box.

For most successful traders, the answer is rarely black and white, because trading styles generally fall on a continuum between the purely intuitive discretionary trader and the purely rule-oriented system trader.
My battle is to be able to see the plan every single trading session.
This isn’t s battle I win every day/night but my system has shown me how I can win many wars.

Believe in your self - believe in your system - there is no reason you can't succeed regardless of what others may say.
You always have to stay humble and take those intuition trades to a new level.

Warm Regards

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #622,679
  • Sep 9, 2021 5:31pm Sep 9, 2021 5:31pm
Quoting kk300
I think he is the one disliking Pat's every post... Hey Pat we found your secret admirer..

The invisible thing cannot hurt you.

For me, I stay calm and don’t make any sudden movements.
The hate goblin cannot hurt me but he can still detect me.

Imagine what it must be like to go through life with all that hate in his heart.
That is one miserable and unhappy person.
And that is why he cannot stand to see anyone being warm and loving and people loving us back.
So he tries to hurt me.
Jealousy is indeed a deadly sin.

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #622,680
  • Sep 9, 2021 6:49pm Sep 9, 2021 6:49pm
Quoting Pat Chiko
{quote} The invisible thing cannot hurt you. For me, I stay calm and don’t make any sudden movements. The hate goblin cannot hurt me but he can still detect me. Imagine what it must be like to go through life with all that hate in his heart. That is one miserable and unhappy person. And that is why he cannot stand to see anyone being warm and loving and people loving us back. So he tries to hurt me. Jealousy is indeed a deadly sin. PAT
Seem one of your follower didnt learn from what your main strategy of trade . He just copy paste it. Sometimes i see people take other trade idea that high percentage win to open a new free signal club and find the food out there

Well its all just about learning something important than complaining about other.

Still your strategy like naked chart style . Using only SR and TL
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
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