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Cable Update (GBPUSD)

  • #689,601
  • Sep 29, 2022 5:27am Sep 29, 2022 5:27am
Quoting Pat Chiko
{quote} GU My newbie view only ( not signal) She may want to take out LQ above at "kink" And retest the Daily TL. Waiting for others to give me signal..{image}
When you get a signal, you will give a signal. I will get a signal from you and then I'll give a signal to others.

Just got a tip from my friend in Wall Street that today Euro and Pound will go up and tommorow we will visit lows.
  • #689,602
  • Sep 29, 2022 5:30am Sep 29, 2022 5:30am
Quoting TheWolf
{quote} When you get a signal, you will give a signal. I will get a signal from you and then I'll give a signal to others. Just got a tip from my friend in Wall Street that today Euro and Pound will go up and tommorow we will visit lows.
The most 'Source: Trust me bro' ive seen in my life
More time in the market, does not mean you trade better!
  • #689,603
  • Sep 29, 2022 5:30am Sep 29, 2022 5:30am
Quoting TheWolf
{quote} When you get a signal, you will give a signal. I will get a signal from you and then I'll give a signal to others. Just got a tip from my friend in Wall Street that today Euro and Pound will go up and tommorow we will visit lows.
....and by the end, signal will be in the other direction ...Chinese whispers (sorry if this is not politically correct anymore)
  • #689,604
  • Sep 29, 2022 5:32am Sep 29, 2022 5:32am
Quoting knkie
perhaps M30 entry 1080X
took my pips
playing the pullback sell on m15
perhaps 10821

then setup for long again, perhaps
in wondering about yourself, you forgot what you came here to be part of
  • #689,605
  • Sep 29, 2022 5:32am Sep 29, 2022 5:32am
Quoting Waveskierrob
{quote} ....and by the end, signal will be in the other direction ...Chinese whispers (sorry if this is not politically correct anymore)
The other choice would be to follow some of the people that Pat follows and get the signals first hand...You have to sift the wheat from the chaff, but it isn't that hard to back test a few 'signals'.
  • #689,606
  • Sep 29, 2022 5:33am Sep 29, 2022 5:33am
Quoting Indiara
{quote} Not triggered, just set in case Kuroda San goes silly before price gets to my Sell Limit. So nothing is triggered yet
i see.
my view for gu is big sideway 1.05-1.09 while UJ is small range and also sideway here but range not big yet.
PA Return Today: na
  • #689,607
  • Sep 29, 2022 5:34am Sep 29, 2022 5:34am
Quoting dantpm
{quote} The other choice would be to follow some of the people that Pat follows and get the signals first hand...You have to sift the wheat from the chaff, but it isn't that hard to back test a few 'signals'.
It's all 50/50 to me
  • #689,608
  • Sep 29, 2022 5:35am Sep 29, 2022 5:35am
Quoting Pat Chiko
{quote} GU My newbie view only ( not signal) She may want to take out LQ above at "kink" And retest the Daily TL. Waiting for others to give me signal..{image}
my early view was the same, but im not planning to trade the break out before any liquidity no matter what kind (pool/void)
may price will go sideway and create new LQ zone.
  • #689,609
  • Sep 29, 2022 5:35am Sep 29, 2022 5:35am
Quoting nAVIN2007
{quote} U are a good trader
Quoting Whale
{quote} he does
Thank you. Everybody here is a good trader. Me keep trying to minimize risk every trade when hit SL
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #689,610
  • Sep 29, 2022 5:37am Sep 29, 2022 5:37am
Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 zoneTradingAuto8.ex4   204 KB | 205 downloads
  • #689,611
  • Sep 29, 2022 5:38am Sep 29, 2022 5:38am
Quoting Yngwie
{quote} Thank you. Everybody here is a good trader. Me keep trying to minimize risk every trade when hit SL
this is what make you a good trader.
this is all about trading... control over what you could and not what you couldn't which is price direction
  • #689,612
  • Sep 29, 2022 5:39am Sep 29, 2022 5:39am
Quoting chess king
{quote} believe it's true
1.d4
  • #689,613
  • Sep 29, 2022 5:39am Sep 29, 2022 5:39am
Quoting Pat Chiko
{quote} GU My newbie view only ( not signal) She may want to take out LQ above at "kink" And retest the Daily TL. Waiting for others to give me signal..{image}
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 17 KB
RedcaT 3003
25k Return This Week: na
  • #689,614
  • Sep 29, 2022 5:40am Sep 29, 2022 5:40am
Quoting TheWolf
{quote} When you get a signal, you will give a signal. I will get a signal from you and then I'll give a signal to others. Just got a tip from my friend in Wall Street that today Euro and Pound will go up and tommorow we will visit lows.
Once again, our goal is to avoid being caught on the wrong side of a major reversal and losing back most or all of our profits.

Before stops start tripping, let's ask ourselves, is there any fundamental Headline News driving this retracement?
If the answer is no, there is no red flag or Headline News to account for this retracement, we hold fast, depending on our stops to protect us from major losses.
If we hit a stop, fine. That one stop wont matter over the long haul.

Two things we will NEVER do is move the stop against the direction of the trade, or add to a bad trade by re-entering too quickly after a stop out.

If there is no good fundamental reason for the retracement, we will take the stop if we have to, and then we will quit trading until we figure out what went wrong.
That might take hours or days, so we wont be in any hurry to re-enter.

That cuts our loss short.
It might be disappointing, but better to stop out on one trade than to suffer repeated stop outs or move stops and take a huge loss.

We never take a large loss because of anything the market does.
We only take a large loss because we choose to do so by either moving the stop against the direction of the trade or by re-entering a stopped out trade over and over taking loss after loss.

If we simply let the market tell us what to do, we will never take a large loss.

How I trade the market and bracing the stop whenever it hit me.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #689,615
  • Sep 29, 2022 5:42am Sep 29, 2022 5:42am
GU weekly is too extended it worries me and it is end of the month,i dont see much space upward. of course i might be wrong
  • #689,616
  • Sep 29, 2022 5:46am Sep 29, 2022 5:46am
Quoting hadi.ch
GU weekly is too extended it worries me and it is end of the month,i dont see much space upward. of course i might be wrong
fUrther up may mean a couple of hundred pips but the bottom is still open I think
Insane in the Brain..
  • #689,617
  • Sep 29, 2022 5:47am Sep 29, 2022 5:47am
Let see Long 1.0833 SL 1.0810
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #689,618
  • Sep 29, 2022 5:49am Sep 29, 2022 5:49am
Quoting Mitiblotch
I hope I am not late to this party. If I had drawn my fib earlier I would have caught it. {image}
TP hit at 0885. +50. Good day!
  • #689,619
  • Sep 29, 2022 5:49am Sep 29, 2022 5:49am
Quoting hadi.ch
GU weekly is too extended it worries me and it is end of the month,i dont see much space upward. of course i might be wrong
Last week of the month and Quarter also. Will the momentum make GU retest the low and make BOE for another intervention. Guess we will never know until it happens.
But IMO, GU still bearish and that trend may change when BOE start to hike rate aggressively by 75-100bps for 2 consecutive meeting
More time in the market, does not mean you trade better!
  • #689,620
  • Sep 29, 2022 5:50am Sep 29, 2022 5:50am
@pat_chiko

maybe?
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