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Cable Update (GBPUSD)

  • #662,581
  • Jun 8, 2022 10:31pm Jun 8, 2022 10:31pm
Quoting hadi.ch
{quote} honestly i cant thank you enough for everything you've taught me so far.my english is not very good so i cant express my gratitude properly.


“Rivers do not drink their own water;
trees do not eat their own fruit;
the sun does not shine on itself and
flowers do not spread their fragrance for themselves.

Living for others is a rule of nature.
We are all born to help each other.
No matter how difficult it is…life is good when you are happy;
but much better when others are happy because of you.”

I read this quote by Pope Francis
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #662,582
  • Jun 8, 2022 10:33pm Jun 8, 2022 10:33pm
Quoting emmanuel7788
{quote} Keep It As Simple As Possible just one MA is enough to trade Price Action and make money The Power of 10EMA in all difference timeframes {image}

friend pls can you help me with the chart split indicator



i use 20sma and its so good

daily 20sma for last 20days
1hour 20sma last 20hours
MY OPINION NOT FINANCIAL ADVISE
  • #662,583
  • Jun 8, 2022 10:42pm Jun 8, 2022 10:42pm
Quoting ScalaFX
Im switching to buy GU now 2535, maybe not good decision but.. lets see Edit: Perfect will be seeing 1262x for short hard something like this {image}
Close all, Im waiting for LO for take a shot, probably I will be shorting this pair further but now Im sideline..
People don't plan to lose. They lose because they don't plan.
  • #662,584
  • Jun 8, 2022 10:43pm Jun 8, 2022 10:43pm
Using the COT Report in Forex Trading

The Commodity Futures Trading Commission (CFTC) COT report presents a remarkable look at the positioning of futures traders across a wide content of markets, and it is quite often employed as a proxy for the FX trading market. In the weekly report, the US regulator cracks down long and short positions and general open interest according to three distinct trading groups. Knowing where traders’ positions are in the forex market can be useful information when creating trade ideas.

It is a requirement of the CFTC that the biggest futures retailers in the world must report their circumstances. These positions can be efficiently tracked due to the margin they must deliver to hold their large positions which the CFTC has been publishing since 1962.

More newly since the year 2000, reports are discharged every Friday at 3:30ET pm. This details can be highly valuable to merchants due to the nature of people who come into the futures market. This includes institutions like hedge funds who enter to make a retrieval above their separateindex. Some of the largest companies in the world with real-time data of the health of an economy come to the futures market to hedge their openness to price instabilities of raw materials that they use to make their product. This allows traders to count the positioning of the market at that specific time.

Study of the three main groups mentioned in the COT report:

Commercial Traders – These are most often large multi-national companies with saleable hedging welfare in their individualfutures markets. For example, a large Japanese manufacturer may want to hedge their direction to fluctuations in the USD/JPY exchange rate.

Non-Commercial Traders – This data most often links to large wagerers such as Commodity Trading Advisors and similarly large institutions assuming in specific futures markets. For example, a major commodity fund believes that the US Dollar will respect against the Euro and, as such, place bets on Euro forex futures.

Non-Reportable Traders – Non-Reportable Traders are traders who don’t fall into any group group. Most frequently seen as undersized speculators, these are arguably less consequential and do not repeatedly figure into COT report analysis. For example, these traders direct to the leveraged players without deep bags who are surprised out on big moves
  • #662,585
  • Jun 8, 2022 10:48pm Jun 8, 2022 10:48pm
Quoting navk
I am buying gbpusd with stop at 2518.
yes , price will get to 1.260000 area
look at the crooky traps
Attached Image (click to enlarge)
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i took long on the eu
Attached Image (click to enlarge)
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yes yes yes
  • #662,586
  • Jun 8, 2022 10:51pm Jun 8, 2022 10:51pm
Quoting navk
I am buying gbpusd with stop at 2518.
Very accurate.
But this time only.
Ha.. Ha..
In forex, nothing can be said.
Lol
Intraday only.
  • #662,587
  • Jun 8, 2022 10:54pm Jun 8, 2022 10:54pm
Quoting ScalaFX
{quote} Close all, Im waiting for LO for take a shot, probably I will be shorting this pair further but now Im sideline..
Shorting starts now 2545 first, will add more higher or lower
People don't plan to lose. They lose because they don't plan.
  • #662,588
  • Jun 8, 2022 10:56pm Jun 8, 2022 10:56pm
Quoting Pat Chiko
{quote} “Rivers do not drink their own water; trees do not eat their own fruit; the sun does not shine on itself and flowers do not spread their fragrance for themselves. Living for others is a rule of nature. We are all born to help each other. No matter how difficult it is…life is good when you are happy; but much better when others are happy because of you.” I read this quote by Pope Francis
beautifully said i didn't expect a poem though.what's the plan for GU i think they gonna keep doing that until CPI maybe
  • #662,589
  • Jun 8, 2022 11:07pm Jun 8, 2022 11:07pm
Quoting Pat Chiko
{quote} “Rivers do not drink their own water; trees do not eat their own fruit; the sun does not shine on itself and flowers do not spread their fragrance for themselves. Living for others is a rule of nature. We are all born to help each other. No matter how difficult it is…life is good when you are happy; but much better when others are happy because of you.” I read this quote by Pope Francis
mr pat when should i enter a trade after i missed begining of a movement. GJ for example every time i look at the chart im thinking is too late for entry and it just keeps going up
  • #662,590
  • Jun 8, 2022 11:35pm Jun 8, 2022 11:35pm
Quoting hadi.ch
{quote} mr pat when should i enter a trade after i missed begining of a movement. GJ for example every time i look at the chart im thinking is too late for entry and it just keeps going up

No able to be giving nay trade advice to you as I don't know what's your strategy.

Writing hypothetical scenario above is very unlikely for me to give you my view unless you accompany it with chart.

Visualization is profound than words in trading.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #662,591
  • Jun 8, 2022 11:39pm Jun 8, 2022 11:39pm
BEARISH
Attached Image (click to enlarge)
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  • #662,592
  • Jun 8, 2022 11:47pm Jun 8, 2022 11:47pm
GU 37% short 63% long. You know what that means? Dump is coming!
EU 48% short 52% long. You know what that means? Whipsaw and then maybe move to direction.
  • #662,593
  • Jun 8, 2022 11:52pm Jun 8, 2022 11:52pm
I may not trade the ECB today. I think I have a better trade: see my thought process for a short in Geppy (GBPJPY):
Attached Image(s) (click to enlarge)
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  • #662,594
  • Jun 8, 2022 11:54pm Jun 8, 2022 11:54pm
Quoting Pat Chiko
{quote} No able to be giving nay trade advice to you as I don't know what's your strategy. Writing hypothetical scenario above is very unlikely for me to give you my view unless you accompany it with chart. Visualization is profound than words in trading.
i dont have a particular system yet maybe thats my problem.i dont know what consepts i should concentrate on all mixing in my mind paying attention to all of them at once.i never took any class and everything i know is from good teacher like yourself. i will try to fix ittnx
  • #662,595
  • Jun 9, 2022 12:04am Jun 9, 2022 12:04am
Gbpusd short 1.25200 then possibly long on price action
  • #662,596
  • Jun 9, 2022 12:15am Jun 9, 2022 12:15am
Quoting hadi.ch
{quote} i dont have a particular system yet maybe thats my problem.i dont know what consepts i should concentrate on all mixing in my mind paying attention to all of them at once.i never took any class and everything i know is from good teacher like yourself. i will try to fix ittnx
You can start with these.
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #662,597
  • Jun 9, 2022 12:27am Jun 9, 2022 12:27am
Quoting Mitiblotch
I may not trade the ECB today. I think I have a better trade: see my thought process for a short in Geppy (GBPJPY): {image} {image}
good one, i just closed my GJ trades with total +80
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and my AJ with +187

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*the pips amount is the total amount of pips of all positions (some wins some losses)
  • #662,598
  • Jun 9, 2022 12:54am Jun 9, 2022 12:54am
Quoting emmanuel7788
{quote} Keep It As Simple As Possible just one MA is enough to trade Price Action and make money The Power of 10EMA in all difference timeframes {image}
And that is why using multiple MAs on a single TF is better than a single MA: A look at a SINGLE chart with 4 MAs provides more information than trying to view 4 charts at once that contain a single MA. In addition, the cognitive load of processing a single chart is much lower than having to process 4 charts at one time.

And let's not forget the additional advantage of "revealing" information from missing TFs of poor charting platforms like MetaTrader. If a TF doesn't exist, then using a single MA on an existing TF is of little value in revealing any information of any of the missing TFs.
To free Gazans of Hamas, use whatever it takes.
  • #662,599
  • Jun 9, 2022 1:10am Jun 9, 2022 1:10am
Quoting Pat Chiko
{quote} You can start with these. {image}{image}
One of the most powerful concepts of price action: Stop movements Hunt(Movements of Hunted Stops)
A movement is driven from stops a movement whose nature and purpose is to go hunting stoploss.

How can you identify a movement driven from stoploss?
Five Characteristics-conditions to identify false movements, movements Stop Hunt

1) Having an idea of Macro Perspective (you have to know where the price will go)
2) Sudden movement
3) Sudden and against the actual direction in which the price must go movement
(which you know you have correctly identified the Idea of Macro Perspective)
4) An essential feature for identifying movements Stoploss Hunt is to be in a range either a horizontal range,
or diagonal range, ie, a channel trend, or what is the same, various downstream maximum and several ascending minimum,
which this is the criterion used by the Retail Traders to operate the Forex market.
5) A fifth characteristic is the time of day, there are few hours of key day which gives much more negotiation and is much more
likely to encounter movements stop hunt, and this is the negotiating sessions in London and New York, between 07am and 5pm
gmt, which is taking away from 11-12am lunch, those hours are key.

Attached Image (click to enlarge)
Click to Enlarge Name: gu 199.jpg Size: 181 KB
How to anticipate movements stoploss Hunted?
Whenever you see several top row, then the price will sweep those highs.
Record yourself this idea in mind, because it is crucial, fixed in your mind, several top row, and the price will go to hunt them.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #662,600
  • Jun 9, 2022 1:11am Jun 9, 2022 1:11am
Quoting Pat Chiko
{quote} You can start with these. {image}{image}
thanks i'll pay more attention to structures.
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