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Cable Update (GBPUSD)

  • #642,581
  • Dec 1, 2021 11:06am Dec 1, 2021 11:06am
Pat and everyone else, just need a bit of help to clarify… is this a ‘’diamond’’ setup and how do you play it while it is forming without losing money?? It drove me crazy all day today. I’ve had a different reason to short it though. Late as usual....
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Did you place your stop loss order? Why not?!? Story of my life...
  • #642,582
  • Dec 1, 2021 11:07am Dec 1, 2021 11:07am
Hi guys. Medium-term technical analysis only. No fundamental contamination. The week before was a warning. This week is still going on, but ... watch out for your shorts in the coming weeks with this pair, and all trades where USD is involved

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JEM
  • #642,583
  • Dec 1, 2021 11:10am Dec 1, 2021 11:10am
Quoting Pat Chiko
{quote} We all learn something everyday. Even Santa learn something from this baby...lol {image}
Pat Chiko,
You, too, have a picture half loaded. This is a forum glitch in my opinion. Sometimes the pictures are not fully displayed.
Yes, only we are used to speaking our own language on our forums, here we have to communicate through Google. But they were closed all went to the internal chat network. It is not interesting there, everyone climbs to read something that is not possible.
  • #642,584
  • Dec 1, 2021 11:10am Dec 1, 2021 11:10am
Quoting donfriday
I admire something about George predictions...he's able to communicate with just a post without posting a chart, something i cant do.
I've read almost all George posting.
He has been very responsive to all of question.
He has answered everyone with articulate explanations.
I believe he offers more for free than most people charge for and he provides access to everyone for no cost on a delayed basis.
The way he applies his experience in his trading methodology is worthy of publication and could be sold at premium prices.

Maybe I will start to collect his posting....
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #642,585
  • Dec 1, 2021 11:17am Dec 1, 2021 11:17am
Quoting Pat Chiko
{quote} I've read almost all George posting. He has been very responsive to all of question. He has answered everyone with articulate explanations. I believe he offers more for free than most people charge for and he provides access to everyone for no cost on a delayed basis. The way he applies his experience in his trading methodology is worthy of publication and could be sold at premium prices. Maybe I will start to collect his posting....
How much do you reckon I'll get for this ?
Attached Image
  • #642,586
  • Dec 1, 2021 11:19am Dec 1, 2021 11:19am
Quoting Wavegarrick
{quote} George is a highly intelligent guy and summarizes complex language into an easily understandable format for the majority. It is a skill that not many possess. Hats off to him. Cheers.
Hi Leon.

Admire your swing trade, which I have yet to learn it.

Every-time I saw you chart and posting, I always imagine looking like this....

Most of us are the skinny one...lol

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #642,587
  • Dec 1, 2021 11:23am Dec 1, 2021 11:23am
Quoting TooSlow
{quote} {image} Georginson, is this chart spot on? What is trend power and how is it calculated? Thanks. Cheers!
Hi mate,The current trend situation is the trend power. The chart is absolutely spot on. Thanks for making it better.
Data + Stat + Risk/Emotions Management
  • #642,588
  • Dec 1, 2021 11:25am Dec 1, 2021 11:25am
If look H4 only 1.34 can be ,1.31 this is dream now.I even dont wait 1.32.All H4 green even with crazy candle down.It stop somewhere and go up.
  • #642,589
  • Dec 1, 2021 11:25am Dec 1, 2021 11:25am
Quoting Wavegarrick
{quote} George is a highly intelligent guy and summarizes complex language into an easily understandable format for the majority. It is a skill that not many possess. Hats off to him. Cheers.
Hello Leon, I'm really happy my work is being noticed and appreciated by someone I hold I'm high esteem like you. Thanks for this complement beyond my words can put together.
Data + Stat + Risk/Emotions Management
  • #642,590
  • Dec 1, 2021 11:26am Dec 1, 2021 11:26am
Quoting Pat Chiko
{quote} I've read almost all George posting. He has been very responsive to all of question. He has answered everyone with articulate explanations. I believe he offers more for free than most people charge for and he provides access to everyone for no cost on a delayed basis. The way he applies his experience in his trading methodology is worthy of publication and could be sold at premium prices. Maybe I will start to collect his posting....
Hi Pat, I really don't know how to sum up how a great trader you are. I'm always looking out for your posts and have learnt a lot from it. Thanks for these kind words. It means a lot to me.
Data + Stat + Risk/Emotions Management
  • #642,591
  • Dec 1, 2021 11:32am Dec 1, 2021 11:32am
Quoting Waveskierrob
My 4 SHORTS BE 1.3293 nearly there
Closed all 1.3283 + 40 pippas, nighty night all
  • #642,592
  • Dec 1, 2021 11:33am Dec 1, 2021 11:33am
Quoting donfriday
I admire something about George predictions...he's able to communicate with just a post without posting a chart, something i cant do.
You know you are my half Naija brother. You have been consistent and it's no fluke, your presentations are credit worthy too and I'm also an admirer of your trading methods.
Data + Stat + Risk/Emotions Management
  • #642,593
  • Dec 1, 2021 11:33am Dec 1, 2021 11:33am
Quoting Georginson
{quote} Hi Pat, I really don't know how to sum up how a great trader you are. I'm always looking out for your posts and have learnt a lot from it. Thanks for these kind words. It means a lot to me.

Hey Georginson …

Thank you!

I have waited years for someone to explain this in an understandable, non-condescending manner.

I can imagine the time you have taken from your personal life to share all the information with all of us whom you have never met, and likely will never meet.

Your ability to articulate the lessons/information - and then to keep the focus with kindness - is not only very rare, but also quite remarkable.

I hope you will continue...

You are already a true blessing of this thread!!!

I don't contribute as much ( only noise) look forward to contributing once my learning curve is farther along as much as Waveskie.


AGAIN... THANK YOU!

Best Wishes

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #642,594
  • Dec 1, 2021 11:37am Dec 1, 2021 11:37am
Quoting Waveskierrob
{quote} Closed all 1.3283 + 40 pippas, nighty night all
Hi Waveskie.

Started to understand you trade styles. goes like this....

Sometimes you add to losers position at time.
You're following some of the most successful traders trade styles.

Why? Because what most books never tell us is that almost all trades start out as losers.

It is extremely difficult to time the entry so well that it immediately begins to move in the direction of our trade.

Sometimes trades will move only a few points against the position but occasionally prices may retrace several hundred points away from initial entry only to eventually turn around and become profitable.

Trading is the art of accurately forecasting direction and timing.

Between the two, timing is far harder to handicap, especially if prices seesaw back and forth for a while before ultimately moving in the right direction.

You master it at that.

I'm watching you.

Good night Bro.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #642,595
  • Dec 1, 2021 11:38am Dec 1, 2021 11:38am
i hope all is well with Navin, he complain of a kidney stone weeks ago
MY OPINION NOT FINANCIAL ADVISE
  • #642,596
  • Dec 1, 2021 11:41am Dec 1, 2021 11:41am
Quoting donfriday
i hope all is well with Navin, he complain of a kidney stone weeks ago
yeah he been quiet recently.. I think his day job is a doctor so might be on shifts. Hope he does get better soon though.

unless his new bird has kept busy

edit: set tp to 13248 and have added a SL this to 13304
Insane in the Brain..
  • #642,597
  • Dec 1, 2021 11:42am Dec 1, 2021 11:42am
Quoting Pat Chiko
{quote} Hi Leon. Admire your swing trade, which I have yet to learn it. Every-time I saw you chart and posting, I always imagine looking like this.... Most of us are the skinny one...lol {image}
You should open a discord or telegram channel, i would pay to follow you. I am saying this from the bottom of my heart, you are a solid trader, and educator.
  • #642,598
  • Dec 1, 2021 11:45am Dec 1, 2021 11:45am
Quoting Robinhood1
{quote} in my opinion, the swing is between 13516 & 13124. Whichever comes first, both areas will be hit
Probably
POSTMASTER
  • #642,599
  • Dec 1, 2021 11:48am Dec 1, 2021 11:48am
Quoting Pat Chiko
{quote} Nineja Trader. Thanks for sharing.. I was too slow to detect those set up, even tho' price already given a very solid set up ( chart posted above to share my knowledge). Appreciate you dedication and hope fully you will help everyone here, especially Newbie like me. Best Wishes PAT
Yea
Make all mistakes in demo and rain in pips in live account
  • #642,600
  • Dec 1, 2021 11:53am Dec 1, 2021 11:53am
Got Private Question. : Why do I scale-in trading approach to price entry. ( breaking few trades entries? )

But I prefer to answer it in public, for other to understnad share knowledge

Any traders who do not like frequent stop-outs prefer the scale-in approach to price entry.

This strategy is almost diametrically opposite to the strategy of single entry (full entry).

Using the scale-in approach assumes that the first entry will almost never be the best entry; as a result, the approach requires very low leverage in order for the strategy to withstand the adverse price moves.

In this strategy any trader continuously adds more units as prices move against him, trying to achieve a blended price that remains near the current price.

If prices do eventually turn, the constant averaging of price levels will make the position profitable much faster than if he expended all of his trading capital on the first price entry.

While this can be a successful trading strategy, it can also be highly dangerous if the trader does not follow two key rules:

1. Set a hard stop for the whole position.
2. Trade in very small increments.

Regards

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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