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Cable Update (GBPUSD)

  • #697,381
  • Oct 17, 2022 10:59pm Oct 17, 2022 10:59pm
Quoting TheWolf
Well, 1.135 is here I guess. 1.1331, let's see. I expect some reaction here.
Yep, we got a reaction from here, right on pip. Not hard to predict when you are the one making a reaction hihi

Good Morning!
  • #697,382
  • Oct 17, 2022 10:59pm Oct 17, 2022 10:59pm
GBPJPY LONG
Target the LIQ on top @ 170.088
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My telegram: https://t.me/avidforex
  • #697,383
  • Oct 17, 2022 11:02pm Oct 17, 2022 11:02pm
Now, long again by averaging method.

Stop 50 pips. TP... later
Intraday only.
  • #697,384
  • Oct 17, 2022 11:04pm Oct 17, 2022 11:04pm
Quoting BigNumbers
{quote} {image}
Stopped out at breakeven after price has moved 58 pips in our direction..
Don't be greedy, The Algorithms can change at anytime, always take partials or move stop to breakeven..

Follow my setup/trades closely and instruction, your account balance will testify..


Good luck
@Bignumbers
My telegram: https://t.me/avidforex
  • #697,385
  • Oct 17, 2022 11:25pm Oct 17, 2022 11:25pm
Quoting KareemAliFx
{quote} I never once blew my account I lose trades of course but I never blow my accounts. this is why I never post on here because when I do post my trades and opinions people attack me for being wrong. Show me one trader that is right every time ? No one ! I was wrong about USD being weak a couple of weeks ago (I still believe usd is going down soon) and of course lost pips like everyone else but what matters is cutting the loss and moving to the next trade! I will never ever post on here again as many of the people here are pricks! Good luck...
I think xxx/usd bull come back, let join the party sir
  • #697,386
  • Oct 17, 2022 11:25pm Oct 17, 2022 11:25pm
Quoting BigNumbers
{quote} Stopped out at breakeven after price has moved 58 pips in our direction.. Don't be greedy, The Algorithms can change at anytime, always take partials or move stop to breakeven.. Follow my setup/trades closely and instruction, your account balance will testify.. Good luck @Bignumbers

What is the indicator that you are using on your charts?
  • #697,387
  • Oct 17, 2022 11:35pm Oct 17, 2022 11:35pm
Quoting Bella.al
Current Rate : 1.13412 I will try to forecast today's market using my own "Bella's Trend Cycles" . I haven't undertaken such a project of this magnitude since university days. GBPUSD is in Uptrend , Bella's Trend Cycles are Pointing Up , Yesterday's High 1.14391 will be taken out by GBPUSD Bulls by today's end. {image}

Current Rate : 1.14052

Currently the GBPUSD is progressing as forecast 1.13412 - > 1.14052 = 64 Pips .

Target is still 1.14391 Per Forecast
Goddess of Thunder..
  • #697,388
  • Oct 17, 2022 11:35pm Oct 17, 2022 11:35pm
Quoting dantpm
{quote} What is the indicator that you are using on your charts?
I do not use indicator...
Indicators can not trade the Forex market..
If you really want to make a mark in this industry.. Just study liquidity everyday for at least one year...
My telegram: https://t.me/avidforex
  • #697,389
  • Oct 17, 2022 11:36pm Oct 17, 2022 11:36pm
Quoting navk
Now, long again by averaging method. Stop 50 pips. TP... later
Closed all longs.

Will wait until LO
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Intraday only.
  • #697,390
  • Oct 17, 2022 11:39pm Oct 17, 2022 11:39pm
Quoting BigNumbers
{quote} I do not use indicator... Indicators can not trade the Forex market.. If you really want to make a mark in this industry.. Just study liquidity everyday for at least one year...
Thank you, I have been trying to find the right tool to study liquidity as well.
So far I just get point to support and resistance.
  • #697,391
  • Oct 17, 2022 11:39pm Oct 17, 2022 11:39pm
Heading to LIQ... about 113 pips gain
Now becoming a norm.. A time will come when i will trade forex without drawing a single line on the chart
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  • #697,392
  • Oct 17, 2022 11:43pm Oct 17, 2022 11:43pm
Reports suggesting that the BOE may delay QT plans until volatility in Gilt markets cools seems to be boosting risk sentiment across the board, and the resulting pullback in the US Dollar is helping GBP/USD higher.

All trading carries risk, but it will be interesting to see if this helps cable hold above its March 2020 lows, around 1.14, after it was unable to do so during Monday's session.
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  • #697,393
  • Oct 17, 2022 11:44pm Oct 17, 2022 11:44pm
Sold 1.1400 target 1.1308...
Data + Stat + Risk/Emotions Management
  • #697,394
  • Oct 17, 2022 11:47pm Oct 17, 2022 11:47pm
Quoting BigNumbers
{quote} I do not use indicator... Indicators can not trade the Forex market.. If you really want to make a mark in this industry.. Just study liquidity everyday for at least one year...
what do you suggest to study liquidity? are there any books or references?
  • #697,395
  • Oct 17, 2022 11:52pm Oct 17, 2022 11:52pm
Lets risk 10 pips to get 60 pips

GBPUSD LONG
TP 1.14391
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  • #697,396
  • Oct 17, 2022 11:52pm Oct 17, 2022 11:52pm
I started shorting by averaging method. From round number.
Intraday only.
  • #697,397
  • Oct 17, 2022 11:58pm Oct 17, 2022 11:58pm
Quoting TheWolf
{quote} They'll all drop like flies. question is when.. I would say pretty soon.
Maybe from now. Audjpy is at 94.05. I expect around 300 pips
POSTMASTER
  • #697,398
  • Oct 18, 2022 12:02am Oct 18, 2022 12:02am
Quoting BigNumbers
Lets risk 10 pips to get 60 pips GBPUSD LONG TP 1.14391{image}
Not your regular trader... Go study my charts, no cap..
I'll take a nap now, be back soon

Good luck
@BigNumbers
My telegram: https://t.me/avidforex
  • #697,399
  • Oct 18, 2022 12:03am Oct 18, 2022 12:03am
Currently long gbpusd and gbpjpy
  • #697,400
  • Oct 18, 2022 12:14am Oct 18, 2022 12:14am
Quoting BigNumbers
{quote} I do not use indicator... Indicators can not trade the Forex market.. If you really want to make a mark in this industry.. Just study liquidity everyday for at least one year...
Agreed, this strategy is game-changing. Every day, I watched the market moves from zone to zone to fill out big order block. **Note: the big order block doesn't necessarily mean one market participant's Orders, it may consist of different participants' orders.

How i study the chart?
Treat those zones(where liquidity lies) as your destination and the price action is the vehicle to take you to your destination.

Once arrived at that destination(zone), you only had 2 decision to make, whether the vehicle will continue the journey or will make a u turn.
The Micro(fundamentals) and Price formation will tell you what the market wants and helps you in that decision making.

If a trader understand this pretty well, he will not need to be in FF on a daily basis to discuss TA and/or rely on an indicator for entry or exit, unless he/she wants to have different opinions on the fundamentals which is very important(IMO).

Well, my view is more for Scalper/intraday trader.

Hope that helps others
More time in the market, does not mean you trade better!
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