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Cable Update (GBPUSD)

  • #695,061
  • Oct 12, 2022 3:11am Oct 12, 2022 3:11am
Quoting Moty
waiting for the break {image} {image}
so whats your SL number ?
RedcaT 3003
25k Return This Week: na
  • #695,062
  • Oct 12, 2022 3:12am Oct 12, 2022 3:12am
Quoting vulcann1
{quote} Well the deal is that this forum has all types of traders! I am a Price action day trader using mainly the 15 min charts and go to the 1 minute charts when I see that the High of day or low of day are locked in. I call that the peak formation high or low. Anyway if somebody is trading on a larger time frame they can not see the smaller patterns so I can not help them understand my method, or my knowledge of the market! My mentor is Stacey Burke he has a you tube channel and I have studied him for over 2 years and that is when I became profitable....
Alright! Nice to meet you! Stick with your system, with time you'll prove to everyone you know what you're doing and you'll eventually reach your goal of helping others. Takes time to get recognized of course.

Best of luck!

TheRealWolf
  • #695,063
  • Oct 12, 2022 3:13am Oct 12, 2022 3:13am
@Indiara
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  • #695,064
  • Oct 12, 2022 3:14am Oct 12, 2022 3:14am
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rules apply
  • #695,065
  • Oct 12, 2022 3:14am Oct 12, 2022 3:14am
Quoting PatienceFx
@Indiara {image}
Thank you xxx
I am neither brave nor stupid...I am just a part time trader
  • #695,066
  • Oct 12, 2022 3:14am Oct 12, 2022 3:14am
I’m expecting a big drop to 1.08-07 since Global Marco research that UK is still in inflation crisis.

Consumer Confidence Index hit all time low broke 2020 Covid- 19 record

Consumer Price Index Average Inflation (CPIAI) is still at extremely high level at 8.60% 4x of 2%

Money Supply has dropped to around 4% compared to average of 7.6%

According to IMF, UK Government Surplus & Deficit will reduced from -8% in 2021 to around -5% in 2022

UK 10 Year Treasury is at 2.32% in August and expect to go higher if Inflation is not decreased.
With courage, patience, and discipline, success is a matter of time.
  • #695,067
  • Oct 12, 2022 3:14am Oct 12, 2022 3:14am
Quoting simond2002
Forgot how entertaining interactive trading threads can be :-)
Grab what you like and enjoy. We have new programs and actors every now and then to keep you entertained. Membership will cost you some though..
I guess this week is for free..
  • #695,068
  • Oct 12, 2022 3:15am Oct 12, 2022 3:15am
Quoting trumps
{quote} What if part of your plan is to only trade with the trend?
Hi, i do not quite understand your question.
I assume, if you only part trade with the trend, then you must also part trade against the trend.????

i assume if you trade with the weekly trend and follow it using a massive stop loss, i would assume everything will be good.

My principle is, if you hold a trade over a long time you will earn X.
But if you day trade/scalp re investing the winnings , you will make more than X.

Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #695,069
  • Oct 12, 2022 3:17am Oct 12, 2022 3:17am
Quoting Indiara
{quote} Thank you xxx
excuse me i trade fully clothed and well dressed, never xxx
  • #695,070
  • Oct 12, 2022 3:19am Oct 12, 2022 3:19am
Quoting vulcann1
{quote} Thanks' Pat! I guess I have a lot to learn about being in a forum. I have not participated in the past and came in here full cocked, my bad! I am going to observe and get to know you all better and share when appropriate! Thanks for taking the time to share your point of view!
Great post......you now have my attention
  • #695,071
  • Oct 12, 2022 3:20am Oct 12, 2022 3:20am
Quoting PatienceFx
{quote} excuse me i trade fully clothed and well dressed, never xxx
I have my trading T SHirt on and also my sunglasses, so I can't see anyway!!
I am neither brave nor stupid...I am just a part time trader
  • #695,072
  • Oct 12, 2022 3:21am Oct 12, 2022 3:21am
Quoting Indiara
{quote} The setup meets my entry criteria, but the one factor that I don't like much is trading against the trend. But, my setups usually work ok. We will see
Success of counter-trend trades tends to rely on the volatility of the TF you are entering on and how far away your TF is from the TF controlling the main trend.

Yesterday, I made both buys and sells, all hit TP. I was entering based on TFs smaller than m15, with every entry a trend continuation based on the small TF that I was using.

So when the larger trend controlling TF was examined, some of the entries were with that trend and some were counter to that trend, yet ALL were trend continuation entries on the entry TF.

Multi-TFanalysis provides a lot of important information to guide trading decisions.
To free Gazans of Hamas, use whatever it takes.
  • #695,073
  • Oct 12, 2022 3:21am Oct 12, 2022 3:21am
cable struggling with that resistance for past 3 hours, does not make me comfortable
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  • #695,074
  • Oct 12, 2022 3:21am Oct 12, 2022 3:21am
Quoting TheWolf
{quote} Alright! Nice to meet you! Stick with your system, with time you'll prove to everyone you know what you're doing and you'll eventually reach your goal of helping others. Takes time to get recognized of course. Best of luck! TheRealWolf
Thank you Wolf, much appreciated!
  • #695,075
  • Oct 12, 2022 3:22am Oct 12, 2022 3:22am
Quoting elbert3
{image}rules apply
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1 min now at BE but if playing higher lot value . 15 to 20 . Tp trade would of been great . I play it both ways hope it makes sense . Move pp when you think your ok
  • #695,076
  • Oct 12, 2022 3:22am Oct 12, 2022 3:22am
Quoting Indiara
{quote} Was my first loss in quite a few weeks, but someone has to lose if someone else will win. We cannot win all the trades we enter, we just need to win more (pips) than we lose! On to the next trade....
Occupational hazard ...if you never lost I would be worried
  • #695,077
  • Oct 12, 2022 3:23am Oct 12, 2022 3:23am
Quoting Pat Chiko
{quote} GU Meanwhile bull is making its way to the slaughter house. {image} P/S: Vulcan, This is live trade, not HIND SIGHT... Put a live trade . Win Lose does not matter. Want to see how your trade and thought process.

GU
along the way, this moves needs Liquidity....
It need fuel to sustain it journey.

Get more "cheap" order from discounted price.
And this is the template of "MM" MO.

Fast-paced market.. you can trade sleek animals with it but it won't work fine everyday.
It will eat you alive in slow whipsaw (there was a fake sell signal few moments ago).
This is how market trap both BUYER/SELLER... sleek moves
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #695,078
  • Oct 12, 2022 3:25am Oct 12, 2022 3:25am
Quoting billytt
{quote} it helps to have big balls too,{image}
And of proper materials: Why are gypsies a dying culture? Because they have crystal balls.
To free Gazans of Hamas, use whatever it takes.
  • #695,079
  • Oct 12, 2022 3:25am Oct 12, 2022 3:25am
Quoting DrDave
{quote} Success of counter-trend trades tends to rely on the volatility of the TF you are entering on and how far away your TF is from the TF controlling the main trend. Yesterday, I made both buys and sells, all hit TP. I was entering based on TFs smaller than m15, with every entry a trend continuation based on the small TF that I was using. So when the larger trend controlling TF was examined, some of the entries were with that trend and some were counter to that trend, yet ALL were trend continuation entries on the entry TF. Multi-TFanalysis...
I still think that my trade setup and entry were valid. Even now we can see that my SL was just touched and no more, by a spike, and now the price is heading up to what was my TP. The market was more clever than me, so I raise my glass and give respect to the smarter market.
I am neither brave nor stupid...I am just a part time trader
  • #695,080
  • Oct 12, 2022 3:26am Oct 12, 2022 3:26am
Quoting Jolita
{quote} Billy, you are an advance pro trader. Please share your views to survive in this market. Thank you!
1st thing, Remember ,the market makers are out to screw you over.

if candles are long ,long, long long. what is the next one???? i do not know. i would not guess ever.

If price is at a level whether a resistance/support for example,, will we have a breakout or a retrace ?

I would trade to these levels, NOT AT THEM. you follow the market maker.
You follow them on their way to screw over the retailers.
Having said that, i only play around now doing a couple of big scalps, that is easy and hard.
Just trade the uk open push and then get out.
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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