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Cable Update (GBPUSD)

  • #693,781
  • Oct 9, 2022 10:36pm Oct 9, 2022 10:36pm
Quoting Pat Chiko
{quote} Don't let the trading excitement makes you orgasm........... If this going down, no money for me to buy lunch........
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  • #693,782
  • Oct 9, 2022 10:45pm Oct 9, 2022 10:45pm
I want to explain that market makers get their liquidity from going after the stops. They will either entice you to take a breakout take the stops and reverse and head back to where the traders were in profit! That is a simple explanation but that is why most new traders get all confused(and they taught you to be confused)! I will do what i can to show some things but you will need to unlearn the garbage they have taught you!!
  • #693,783
  • Oct 9, 2022 10:46pm Oct 9, 2022 10:46pm
short booked
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  • #693,784
  • Oct 9, 2022 10:48pm Oct 9, 2022 10:48pm
Quoting vulcann1
I want to explain that market makers get their liquidity from going after the stops. They will either entice you to take a breakout take the stops and reverse and head back to where the traders were in profit! That is a simple explanation but that is why most new traders get all confused(and they taught you to be confused)! I will do what i can to show some things but you will need to unlearn the garbage they have taught you!!
an HFT computer trading a million orders per second is not interested in tiny stops of retail
  • #693,785
  • Oct 9, 2022 10:48pm Oct 9, 2022 10:48pm
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yes yes yes
  • #693,786
  • Oct 9, 2022 10:49pm Oct 9, 2022 10:49pm
Quoting Bryan5229
{quote} First of all I was having a conversation with DrDave that it's possible to make money with less than 50% winrate and that photo I used it as a reference to that since most people believe that you need higher winrate tp make money. I'm not here to recruit nor to teach as I treat this thread as my journal, if you want to call me names it's fine go ahead.
I don't like DrDave, but standing on the side of reason and logic, you have yet to answer his post. You claim to have a high win rate but lose the majority of your trades....
  • #693,787
  • Oct 9, 2022 10:53pm Oct 9, 2022 10:53pm
Quoting vulcann1
I want to explain that market makers get their liquidity from going after the stops. They will either entice you to take a breakout take the stops and reverse and head back to where the traders were in profit! That is a simple explanation but that is why most new traders get all confused(and they taught you to be confused)! I will do what i can to show some things but you will need to unlearn the garbage they have taught you!!
Intraday only.
  • #693,788
  • Oct 9, 2022 10:53pm Oct 9, 2022 10:53pm
Quoting PatienceFx
short booked {image}
Please explain what your plan is for the trade!
  • #693,789
  • Oct 9, 2022 10:54pm Oct 9, 2022 10:54pm
Quoting Pat Chiko
{quote} Nice chart. Sorry noob question. You want to short at 1,2248 ?. Peak level ?. Why can't you go LONG now, at least there is 30-40 pips to you level from current price.? Thanks for answering, may want to copy trade you. Good set up
Thanks
Sorry for the late reply.
I use (Coral 60 & its coefficients 18-9-4) to draw waves, H&L
1.22448, according to my wave count, it is the last H of the downward trend, when it is broken, the trend can change its direction or move to the side & fall again (an area for re-examination).
And I had the first break of the descending channel in the time of 4H, which must do a minimum pullback with the first price break
My English is terrible. I hope I did not explain badly
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There is nothing wrong with being kind & loving to each other
  • #693,790
  • Oct 9, 2022 10:54pm Oct 9, 2022 10:54pm
Quoting vulcann1
I want to explain that market makers get their liquidity from going after the stops. They will either entice you to take a breakout take the stops and reverse and head back to where the traders were in profit! That is a simple explanation but that is why most new traders get all confused(and they taught you to be confused)! I will do what i can to show some things but you will need to unlearn the garbage they have taught you!!
That's true, GU on friday is a perfect example where price created this clean range broke above and retested the broken level like usual only to trap traders at previous pivot of that pullback and from there it fell at NFP announcement, and this process of trapping many traders happens everyday.
Plan your trades and trade your plan.
  • #693,791
  • Oct 9, 2022 10:59pm Oct 9, 2022 10:59pm
Quoting tenkanzen
{quote} I don't like DrDave, but standing on the side of reason and logic, you have yet to answer his post. You claim to have a high win rate but lose the majority of your trades....
I didn't claim to have high winrate, I told him that when I had higher winrate I lost majority of my trades but now that I have 46% winrate I'm profitable.
Plan your trades and trade your plan.
  • #693,792
  • Oct 9, 2022 11:01pm Oct 9, 2022 11:01pm
Quoting PatienceFx
{quote} an HFT computer trading a million orders per second is not interested in tiny stops of retail
Inserted Video
  • #693,793
  • Oct 9, 2022 11:04pm Oct 9, 2022 11:04pm
Quoting PatienceFx
{quote} an HFT computer trading a million orders per second is not interested in tiny stops of retail
And who do you think controls it? There is nothing new to trading!
  • #693,794
  • Oct 9, 2022 11:05pm Oct 9, 2022 11:05pm
Quoting vulcann1
{quote} Please explain what your plan is for the trade!

  1. all major banks are closed

so today i just scalp or go for dating

  • #693,795
  • Oct 9, 2022 11:07pm Oct 9, 2022 11:07pm
Quoting Bryan5229
{quote} I didn't claim to have high winrate, I told him that when I had higher winrate I lost majority of my trades but now that I have 46% winrate I'm profitable.
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  • #693,796
  • Oct 9, 2022 11:07pm Oct 9, 2022 11:07pm
Quoting vulcann1
{quote} And who do you think controls it? There is nothing new to trading!
computers follow traffic rules = so just learn those rules

list out the economic information you have collected so far
  • #693,797
  • Oct 9, 2022 11:08pm Oct 9, 2022 11:08pm
Quoting RaHaG0D
{quote} Thanks Sorry for the late reply. I use (Coral 60 & its coefficients 18-9-4) to draw waves, H&L 1.22448, according to my wave count, it is the last H of the downward trend, when it is broken, the trend can change its direction or move to the side & fall again (an area for re-examination). And I had the first break of the descending channel in the time of 4H, which must do a minimum pullback with the first price break My English is terrible. I hope I did not explain badly...
Thank you for your explanaition.
However, I don't know what is Coral60 is all about, as newbie my chart is only empty coz don't know how to use indicator.
Very nice channel you use, and I'm not understand how to count waves. Sorry.

BTW, you englis is better than mine, as I live in third world country and couldn't speak englis.
But we are here not for englis lesson, after all YODA lives for 800 years, and his englis are terrible then us, but still few thousand Jedi becomes his follower....

Never heard anyone (movie goers) complain Yoda englis is terrible for movie....
Only this forum, englis is must be mandotary perfect, not trading as prime objectives....
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #693,798
  • Oct 9, 2022 11:09pm Oct 9, 2022 11:09pm
Quoting PatienceFx
{quote} all major banks are closed so today i just scalp or go for dating
Ye, I see most pairs just drifting around.

Have you considered arranged marriage? If you're a successful trader (as you said you are), you should be very attractive in India (no offence, it's just a fact that most of the nation lives below the poverty and as a successful trader, you will bring a lot to the table). You can buy love too!
  • #693,799
  • Oct 9, 2022 11:10pm Oct 9, 2022 11:10pm
Quoting PatienceFx
{quote} all major banks are closed so today i just scalp or go for dating
Banks are closed.

Pound will be up today.

No news is good news for Pound, No bank means good for Pound.
Intraday only.
  • #693,800
  • Oct 9, 2022 11:12pm Oct 9, 2022 11:12pm
Now it is other way.

UK's economy and Europe' s economy is down
Intraday only.
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