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Cable Update (GBPUSD)

  • #678,481
  • Aug 26, 2022 2:19am Aug 26, 2022 2:19am
Quoting goodthings
The following data is based on this years price movement with the Gbp/Usd It has moved a 100 pips the difference between the high and low 75% of the time 170/227days The average distance between the High and Low is 138 pips. It moves an average of 32 pips against the trend from the opening then reverses and moves 106 pips with the trend above or below its opening price. The 23.6%retracement has been hit 96.4% of the time 219/227 days The 38.2% retracement has been hit 82.88% of the time 188/227 days The 50.0% retracement has been hit 70.4% of the...
This was posted by goodthings trader in the very first pages of GBP/USD forum. Excellent thing.
  • #678,482
  • Aug 26, 2022 2:19am Aug 26, 2022 2:19am
i had no choice
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  • #678,483
  • Aug 26, 2022 2:20am Aug 26, 2022 2:20am
Even London is working very nicely today, not much manipulation.
  • #678,484
  • Edited 2:47am Aug 26, 2022 2:23am | Edited 2:47am
GU - Long - 5 pip SL (looks like entered way early)

SL hit
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"Exchange of hands"
  • #678,485
  • Aug 26, 2022 2:25am Aug 26, 2022 2:25am
Going to close shorts on Gold too:
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"Exchange of hands"
  • #678,486
  • Aug 26, 2022 2:26am Aug 26, 2022 2:26am
Hey Pat what kind of signals did you get today for GBP/USD? I actually participated at Jackson Hole and saw you and Bailey talk in the background.. very suspicious! I saw that Soros wanted to get into conversation but then you told him: sorry man, this is for big players only" and he said, sorry and left. Soros did state because of this he will avenge and start shorting Pound again. Bailey looked shook after Soros said this, but then he realized Pat Chiko is near him and said: thank God you're here, God bless!
  • #678,487
  • Aug 26, 2022 2:27am Aug 26, 2022 2:27am
Quoting Matej.FX
Hey Pat what kind of signals did you get today for GBP/USD? I actually participated at Jackson Hole and saw you and Bailey talk in the background.. very suspicious!
  • #678,488
  • Aug 26, 2022 2:35am Aug 26, 2022 2:35am
Quoting bilal1947
{quote} Closed shorts - just 12 pips away from TP {image}
salam, can we get a template of your system pls?
Say, “He Is Allah, [Who Is] One, Allah, the Eternal Refuge.
  • #678,489
  • Aug 26, 2022 2:37am Aug 26, 2022 2:37am
EU long:
Attached Image (click to enlarge)
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"Exchange of hands"
  • #678,490
  • Aug 26, 2022 2:47am Aug 26, 2022 2:47am
Quoting forex baraka
{quote} salam, can we get a template of your system pls?
W.s

I should charge you since you dont know it is already shared

https://www.forexfactory.com/thread/...-action-system
"Exchange of hands"
  • #678,491
  • Aug 26, 2022 2:50am Aug 26, 2022 2:50am
Quoting bilal1947
EU long: {image}
Can you explain the logic behind this trade? And may you show your account history that includes your last trades? Thank you very much bro
  • #678,492
  • Aug 26, 2022 2:52am Aug 26, 2022 2:52am
Quoting bilal1947
EU long: {image}
Your trading styles reminds me of Chris Lori
Emotional Control. Process, not outcome.
  • #678,493
  • Aug 26, 2022 2:54am Aug 26, 2022 2:54am
Quoting TheBestMA
{quote} Can you explain the logic behind this trade? And may you show your account history that includes your last trades? Thank you very much bro
Basically, when the ball is coming at you, hit it. Don't wait to see the move, you want to be in it
Emotional Control. Process, not outcome.
  • #678,494
  • Aug 26, 2022 2:54am Aug 26, 2022 2:54am
Robinhood I am interested of what you said a while back about that there are double bottoms and tops but that we aren't seeing them anymore due to mt4 platform system. Can you share some more about this ? Thanks!
Don't agree on Pat Chiko though that he is a fraud. He is actually very patient with his trades and is looking at longer TF and his strategy is valid, looking for tops bottoms and also price gaps that he thinks price needs to fill in sooner and later. To really know the price direction higher TF is inevitable to look at. Scalping is at the top 15M tf, maybe 30M. It makes sense to look at all pairs and find out which currency will not perform good at all and a currency that will definitely perform based on signals you get from all the charts on all pairs, and then you focus on that. I think this is how he works, may be wrong though.
  • #678,495
  • Aug 26, 2022 2:55am Aug 26, 2022 2:55am
Bilal with your Eurusd trade resistance up above on 4 hour chart looking at the last 4 4 hour candle wicks.
  • #678,496
  • Aug 26, 2022 2:56am Aug 26, 2022 2:56am
Quoting Mitiblotch
Today, my TP will hit at 1780. I have held for two days now. Say Amen! Amen!
Finally, TP hit! Psychology matters in the market. I was so sure of this trade but all the rise yesterday wanted me to close it, but I held on strongly and moved my invalidation level to a break above 1880. Well, strong belief in my system gave me the courage to hold on and here we are. TP. Over. Out!
  • #678,497
  • Aug 26, 2022 3:05am Aug 26, 2022 3:05am
I think tops and bottoms are they great strategy to trade. When you look at them, they usually work. Let's say the top worked but since it is a down-trend we should expect the bottoms to be where the price will likely breakout
  • #678,498
  • Aug 26, 2022 3:06am Aug 26, 2022 3:06am
GU struggling to get back over 118. To me this looks like a new low range being formed until the red sticker data at 1.30pm Uk time. Top end 118 lower end potentially 11760
Insane in the Brain..
  • #678,499
  • Aug 26, 2022 3:09am Aug 26, 2022 3:09am
Look at Hourly chart USD/JPY for example. 137.12 was the top and the price get to that top and pulled back and went down. TP should always be somewhat below tops 5 pips for example and that should be a winning trade most of the times.
  • #678,500
  • Aug 26, 2022 3:10am Aug 26, 2022 3:10am
Quoting TheBestMA
{quote} Can you explain the logic behind this trade? And may you show your account history that includes your last trades? Thank you very much bro
Learn ICT method you will understand the logic, below is the thread link, not interested in sharing account history so dont bother asking.

https://www.forexfactory.com/thread/...-action-system
"Exchange of hands"
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