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Cable Update (GBPUSD)

  • #686,181
  • Sep 21, 2022 7:17am Sep 21, 2022 7:17am
Quoting Elysion
Im giving up on my indicatoe, gonna trade naked PA chart.
Yep, lovely clean charts.
Naked trading the way nature intended.
  • #686,182
  • Sep 21, 2022 7:19am Sep 21, 2022 7:19am
why is UJ saying 144.70
  • #686,183
  • Sep 21, 2022 7:25am Sep 21, 2022 7:25am
Quoting Pat Chiko
{quote} GU Take another partial TP{image}
GU

The last batch about to be taken out by SL.

Taking a break now.See later before FOMC
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #686,184
  • Sep 21, 2022 7:30am Sep 21, 2022 7:30am
Quoting Pat Chiko
{quote} GU The last batch about to be taken out by SL. Taking a break now.See later before FOMC{image}
I think we might be in range till FOMC.
I'm in red today due to multiple stophunts.
Exhausted
  • #686,185
  • Sep 21, 2022 7:32am Sep 21, 2022 7:32am
Quoting Elysion
Im giving up on my indicatoe, gonna trade naked PA chart.
I don't like too many indicators, but one that I always have on my trading chart is the RSI. Normally you see that it comes with a 70 and a 30 level. I delete these and instead just have a 50 level. Anything above 50 level is ok to Buy. Anything below 50 level is ok to Sell. Never break that rule. It's a piece of insurance that has helped me so much. Maybe this will interest you

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I am neither brave nor stupid...I am just a part time trader
  • #686,186
  • Sep 21, 2022 7:40am Sep 21, 2022 7:40am
Quoting Indiara
{quote} I don't like too many indicators, but one that I always have on my trading chart is the RSI. Normally you see that it comes with a 70 and a 30 level. I delete these and instead just have a 50 level. Anything above 50 level is ok to Buy. Anything below 50 level is ok to Sell. Never break that rule. It's a piece of insurance that has helped me so much. Maybe this will interest you {image}
I used to have RSI too with a 50 middle line only.
Along the 3 MAs.

But I find stocs and bollinger bands useful for scalping so I included them, but now I felt like my charts are too compact and it has blinded me today.

I still can't retrace back the method that I once trade before. (That time when I build my 80$ acc to 3500$ in a week).

Might go back to naked chart again and redo everything.
Maybe back then I wasn't greedy and I followed my rules everytime. Used to take 5-20 pips max but now I get greedy once in a while and ended up in smaller profits or losses.

I kept a trading journal too but I just can't find back that feeling. I'm pretty much lost right now... so... gonna go read some trading stuff now.
Exhausted
  • #686,187
  • Sep 21, 2022 7:42am Sep 21, 2022 7:42am
Quoting Elysion
Im giving up on my indicatoe, gonna trade naked PA chart.
Use this instead,................
Attached Image (click to enlarge)
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ME : take a look at this chart and tell me where you think the price is headed

CAT : Meow (“here”)
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #686,188
  • Sep 21, 2022 7:44am Sep 21, 2022 7:44am
all we need is love patience and money management

2022 movement in one frame:
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  • #686,189
  • Sep 21, 2022 7:46am Sep 21, 2022 7:46am
Quoting Elysion
{quote} I used to have RSI too with a 50 middle line only. Along the 3 MAs. But I find stocs and bollinger bands useful for scalping so I included them, but now I felt like my charts are too compact and it has blinded me today. I still can't retrace back the method that I once trade before. (That time when I build my 80$ acc to 3500$ in a week). Might go back to naked chart again and redo everything. Maybe back then I wasn't greedy and I followed my rules everytime. Used to take 5-20 pips max but now I get greedy once in a while and ended up in...
Yes, is very easy to keep adding more and more, but (for me) this ends in confusion and makes me doubt my trades. Sometimes it's good to take everything off the chart and start again. I did this and my trading became much more clear to me. With a chart full of indicators, is just a mess. I think there is a saying that 'you can't see the forest for the trees'...maybe the same is true with too many indicators.
I am neither brave nor stupid...I am just a part time trader
  • #686,190
  • Sep 21, 2022 7:46am Sep 21, 2022 7:46am
Quoting Pat Chiko
{quote} Use this instead,................{image} ME : take a look at this chart and tell me where you think the price is headed CAT : Meow (“here”)
Nah uh, gonna use my TOE instead
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Exhausted
  • #686,191
  • Sep 21, 2022 7:48am Sep 21, 2022 7:48am
Quoting Indiara
{quote} Yes, is very easy to keep adding more and more, but (for me) this ends in confusion and makes me doubt my trades. Sometimes it's good to take everything off the chart and start again. I did this and my trading became much more clear to me. With a chart full of indicators, is just a mess. I think there is a saying that 'you can't see the forest for the trees'...maybe the same is true with too many indicators.
True, this shit looks damn clear to me right now after removing unnecessary indicators.
PA is the way!
Exhausted
  • #686,192
  • Sep 21, 2022 7:50am Sep 21, 2022 7:50am
Quoting Indiara
{quote} Yes, is very easy to keep adding more and more, but (for me) this ends in confusion and makes me doubt my trades. Sometimes it's good to take everything off the chart and start again. I did this and my trading became much more clear to me. With a chart full of indicators, is just a mess. I think there is a saying that 'you can't see the forest for the trees'...maybe the same is true with too many indicators.

I got this tip from someone, first price action with no indicators, support, resistance, then use the indicators you like to confirm or not what you already seen. Works for me.

sometimes i put the rsi, sometimes others. This part is hard to explain, but they can serve specific functions depending on what the price is doing.
  • #686,193
  • Sep 21, 2022 7:54am Sep 21, 2022 7:54am
Took me so long to realized this shit wont drop below 1.13 today.

After looking at close-to-naked chart. I realized this zone has order blocks, evertyime it dips down they just pushes it up.
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Exhausted
  • #686,194
  • Sep 21, 2022 7:55am Sep 21, 2022 7:55am
Quoting Indiara
{quote} Yes, is very easy to keep adding more and more, but (for me) this ends in confusion and makes me doubt my trades. Sometimes it's good to take everything off the chart and start again. I did this and my trading became much more clear to me. With a chart full of indicators, is just a mess. I think there is a saying that 'you can't see the forest for the trees'...maybe the same is true with too many indicators.
Well said. back when i started my screen looked like a Las Vegas slot machine i only use macd now, for the past 20yrs
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  • #686,195
  • Sep 21, 2022 7:56am Sep 21, 2022 7:56am
Quoting T721
{quote} Well said. back when i started my screen looked like a Las Vegas slot machine i only use macd now, for the past 20yrs {image}
God damn, Terry.
That's way too many indicators
Exhausted
  • #686,196
  • Sep 21, 2022 7:57am Sep 21, 2022 7:57am
Quoting T721
{quote} Well said. back when i started my screen looked like a Las Vegas slot machine i only use macd now, for the past 20yrs {image}
MACD is a very good indicator. I use it too
I am neither brave nor stupid...I am just a part time trader
  • #686,197
  • Sep 21, 2022 7:57am Sep 21, 2022 7:57am
Quoting Elysion
{quote} God damn, Terry. That's way too many indicators
yeah, i could hardly see price
  • #686,198
  • Sep 21, 2022 8:05am Sep 21, 2022 8:05am
Quoting emmanuel7788
{quote} sell, sell, sell, ..... use the retracement to build positions let profits run stop loss 2CLB {image}

still sell @1.1343 and wait for the fomc candle ...

average entry price 1.1553

target 1.1238
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #686,199
  • Sep 21, 2022 8:10am Sep 21, 2022 8:10am
Quoting Elysion
Im giving up on my indicatoe, gonna trade naked PA chart.
90% of the time my chart is very minimal, only a 200 ema which I don't really use but like to see where it is.
Almost all of my best trades have simply been pin bars off hand drawn S&R lines lol
The Guppy MA system is very good to be sure you are trading with trend (always the safest option), and the MA's also tend to compress when in a range which tells you to stay out. There are worse systems.
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  • #686,200
  • Sep 21, 2022 8:14am Sep 21, 2022 8:14am
First be guided directionally by a higher tf about two steps above your trading/entry tf, then you may use one momentum indicator on your entry tf. This is particularly so if you are an intra-day trader.

Trade safe, prosper.

KP

Quoting Polimini
{quote} I got this tip from someone, first price action with no indicators, support, resistance, then use the indicators you like to confirm or not what you already seen. Works for me. sometimes i put the rsi, sometimes others. This part is hard to explain, but they can serve specific functions depending on what the price is doing.
Do your homework, follow the footprints of smart money
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