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Cable Update (GBPUSD)

  • #622,961
  • Sep 11, 2021 10:13am Sep 11, 2021 10:13am
Quoting iqyu5an
{quote} Cakepan di 3750 -3775 kalo mau buy kayaknya bro... ada peluang bullish shark d situ buat daiily setup. Pola saat ini bearish dragon ( naked eye ) Imho
actually I am not fluent in Indonesian even though I live there now, my mentor lives in Bandung and teaches a lot of Sundanese
anyway, I got your point, but for me potential bullish shark pattern is invalid now, BC extension is more than 1.618 ( 1.87 XA for shark later)
I totally agree with bearish dragon will make crash deeper, but from EW point of view, the previous wave2 ( small wave ) make a correction between 50%, then I think the bigger wave2 won't be far from that one, but we never know what will happen next, thanks iqyu5an
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Daddy, Brother, Lover, Little Boy
  • #622,962
  • Sep 11, 2021 10:39am Sep 11, 2021 10:39am
does anyone know in terms of trade performance analysis what is considered good..Like in metatrader stats?
  • #622,963
  • Sep 11, 2021 11:14am Sep 11, 2021 11:14am
Quoting mysterio
{quote} Yea, just because of that last high and being close to RN, be wary of shorting early. We could spike up there at NYO. If there's any doubt then I just wait.
any thoughts on USDX daily chart?
  • #622,964
  • Edited 12:32pm Sep 11, 2021 11:33am | Edited 12:32pm
Quoting nAVIN2007
does anyone know in terms of trade performance analysis what is considered good..Like in metatrader stats?

These are my results for the last couple of months and I wanna know what's good and what's bad so I can improve and develop
please let me know is this good enough for a prop firm..thoughts idea plz?

trying to develop my system kinda..lol
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  • #622,965
  • Sep 11, 2021 11:59am Sep 11, 2021 11:59am
[quote=Houtbay;13702740]Even if one uses only one time frame, one still needs to use information from other time frames.[/quote

Hoe is dit deesdae in Houtbaai? Nog baie hout? Internasionale braaidag kom vinnig nader.
  • #622,966
  • Sep 11, 2021 12:06pm Sep 11, 2021 12:06pm
Quoting nAVIN2007
does anyone know in terms of trade performance analysis what is considered good..Like in metatrader stats?
I will guess, a 20% profit per month on total capital, never mind whether its one or a thousand trades. An increase of 240% on capital per year.
  • #622,967
  • Sep 11, 2021 12:10pm Sep 11, 2021 12:10pm
Navin2007 have a look at TraderRon,profile what is possible.
  • #622,968
  • Edited 12:34pm Sep 11, 2021 12:19pm | Edited 12:34pm
Quoting Bakker
{quote} I will guess, a 20% profit per month on total capital, never mind whether its one or a thousand trades. An increase of 240% on capital per year.

wow that seems kinda high..I will admit I need to think more about risk rewards..thx for comment
I will try to aim higher..

Quoting Houtbay
Navin2007 have a look at TraderRon,profile what is possible.
will do thanks
Edit:- cannot see this stuff on his profile

I added my MetaTrader stats as well..
  • #622,969
  • Sep 11, 2021 12:37pm Sep 11, 2021 12:37pm
Trader Ron site before it was binned at (My way of price level analysis and set ups)
  • #622,970
  • Sep 11, 2021 12:45pm Sep 11, 2021 12:45pm
Quoting Houtbay
Trader Ron site before it was binned at (My way of price level analysis and set ups)
i could not see it but it appears it is through the roof..
  • #622,971
  • Sep 11, 2021 1:11pm Sep 11, 2021 1:11pm
Quoting fxmasterdxb
{quote} I think starting from next week, lets see {image}
From your chart, i can deduce you are waiting for wave 5 to complete
  • #622,972
  • Sep 11, 2021 1:32pm Sep 11, 2021 1:32pm
Quoting Nd10
{quote} From your chart, i can deduce you are waiting for wave 5 to complete
Yes thats what i have in my mind
  • #622,973
  • Sep 11, 2021 1:42pm Sep 11, 2021 1:42pm
Quoting Wavegarrick
{quote} Hi Guys, Managed to get one sell trade in with a retrace today, during the London session. We are currently at my 50% fib retrace where one could expect a retrace. but momentum looking too good at the moment for me to take some profit off the table. I will hang in. Trade safe, Cheers. {image}
Hi Guys,
Time is running out for Gu Bulls and probably the only major currency pair that has not retraced significantly. We have been in a measly range of 567 pips since January this year and upside attempts are lackluster. It has been a scalpers paradise and the party could end as we are heading into the final quarter of this year.
I hear Georginson in every way as we have similar views,
My yearly pivot at 1.2918 beckons.
Cheers
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Trade to trade another day
  • #622,974
  • Sep 11, 2021 2:02pm Sep 11, 2021 2:02pm
Quoting bilal1947
{quote} Hi MTF Daily bais is not very easy to me, why? even i know where price will go next it wont immediately go there, but makes 3-4 days small body candles and on day 5 it moves similarly in next week only two days will give good move rest three only ranging or small bodies only break previous day with small range. so in these small daily candle days, there are mainly four session's (not considering frankfurt) - asian, london, newyork and london close and in all these session price moves in opposite directions to take out both the sides. Due...
Appreciate your time explaining process. Thanks a lot. I have been overserving 1M trading thread., your a great trader.
Fools Rushing
  • #622,975
  • Sep 11, 2021 2:13pm Sep 11, 2021 2:13pm
Quoting DrDave
{quote} I only trade the D1 bias when the D1 TF is "in control". When preparing for battle, the commander wants as much Intel from all areas as possible. Intel from the western front may very well be of critical importance today where heavy activity has been occurring , but if he gets no Intel from the eastern front the next day and relies on the western front Intel, then he risks being annihilated by a "surprise" from the east. Why in the world do so many people adamantly refuse to get Intel from ALL of the TFs before making important decisions?...
I think you have valid point here. So, what you be suggesting is to consider Daily TF for the direction and look for a smaller time frame for an entry. ?
Fools Rushing
  • #622,976
  • Sep 11, 2021 2:37pm Sep 11, 2021 2:37pm
Quoting fxmasterdxb
{quote} I hear you, daily candle does not mean alot to me, look at below examples, like mentioned earlier i expect a drop max to 1.3808 before the bulls kick in, lets see {image} {image} {image}
Daily candle closed 5pips lower to previous day.
Candle meaning -
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We will have better idea by Tuesday.
  • #622,977
  • Sep 11, 2021 2:46pm Sep 11, 2021 2:46pm
I'm anticipating a gravitational fall this September and it is going to be very aggressive... If price want to go bullish it should've created some kind of candlestick continuation pattern on the weekly or monthly time frame but all I see is bearish Candlesticks pattern.


A Weekly Resistance is created below the monthly Resistance which makes it highly bearish bias and it will push the price back to the monthly fresh Support...

SELL SELL SELL....
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My telegram: https://t.me/avidforex
  • #622,978
  • Sep 11, 2021 3:15pm Sep 11, 2021 3:15pm
Quoting Jolita
{quote} Daily candle closed 5pips lower to previous day. Candle meaning - {image} We will have better idea by Tuesday.
In an ideal word i agree with you, I have given 3 examples before and im adding 2 more.
In my opinion, yesterday’s close was merely to attract some sellers before buying big and hitting a lot of SL’s, lets see by tomorrow
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  • #622,979
  • Sep 11, 2021 3:51pm Sep 11, 2021 3:51pm
Quoting MTF Test
{quote} Appreciate your time explaining process. Thanks a lot. I have been overserving 1M trading thread., your a great trader.

You guys are real traders i am only a student and learning it.

Stay blessed.
bilal
"Exchange of hands"
  • #622,980
  • Sep 11, 2021 4:01pm Sep 11, 2021 4:01pm
Quoting fxmasterdxb
{quote} In an ideal word i agree with you, I have given 3 examples before and im adding 2 more. In my opinion, yesterday’s close was merely to attract some sellers before buying big and hitting a lot of SL’s, lets see by tomorrow {image} {image}
I am only bying GBP, but this is market which do move both directions. Retracements expected. Of course media will try and play with our minds, to catch smaller fish in. When main headlines will appear dollar is gaining strength, do the oposite. This has happen on last change.
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