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Cable Update (GBPUSD)

  • #697,461
  • Oct 18, 2022 12:31am Oct 18, 2022 12:31am
Quoting WizardTrade
Current H1 candle will make a bullish pin bar most probably. Let's see.
Showing signs of no steam left in bearish engine
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WARNING: This post warps space and time in its vicinity.
  • #697,462
  • Oct 18, 2022 12:32am Oct 18, 2022 12:32am
waiting for the next signal
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yes yes yes
  • #697,463
  • Oct 18, 2022 12:32am Oct 18, 2022 12:32am
so next where can be support...
I would say 1.1288 and 1.1262

R is 1.1366 and 1.1386

so dont think we cant go back to todays top, if us index is below R
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Trendlines H1,H4, SMC
  • #697,464
  • Oct 18, 2022 12:32am Oct 18, 2022 12:32am
Quoting Moty
You're right, I need to be aware of what's happening, an hourly or 4-hourly low and high break is a significant thing, I need to always be aware of that it was look like it want to go up , but there was no conformation {image}
So a 1 hr close with 3 falling soldiers is the next confirmation, correct.
  • #697,465
  • Oct 18, 2022 12:33am Oct 18, 2022 12:33am
Quoting Pat Chiko
GU Good set up for LO. Any comment and view welcome. Make some noise, I'm all ears, listenin' to you. Thank You{image} GTG, I'll be back after meeting.
wow man, it sick!
  • #697,466
  • Oct 18, 2022 12:38am Oct 18, 2022 12:38am
EURUSD

R is 0,9873
so usindex could overcome R and push the pound lower
Trendlines H1,H4, SMC
  • #697,467
  • Oct 18, 2022 12:42am Oct 18, 2022 12:42am
Quoting Bella.al
Current Rate : 1.13124 Long GBPUSD : 1.13073 S/L : 1.12789 T/P : 1.14635 {image}
Current Rate : 1.13282

I am +21 Pips as i write this , i am looking forward to see the forecast coming true ( 1.14391 will be takeout by today's end ) . Updated Bella's Trend Cycle Chart .

waiting patiently.
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Goddess of Thunder..
  • #697,468
  • Oct 18, 2022 12:43am Oct 18, 2022 12:43am
Quoting Fardeen1209
{quote} 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...

Smart Money Concept (SMC) is a hardest strategy to practice but very effective to kill the market. People need to work their a.s off everyday to practices it. It is not simple but flaw strategy like Indicators or Trendline. I have been learning SMC since latest 2020 but still struggling sometimes.

But since we want to be consistently profitable, hard work, discipline, and commitment must be required
With courage, patience, and discipline, success is a matter of time.
  • #697,469
  • Oct 18, 2022 12:45am Oct 18, 2022 12:45am
Quoting Robinhood1
{quote} ??? {image}
mistakenly clicked.
Intraday only.
  • #697,470
  • Oct 18, 2022 12:45am Oct 18, 2022 12:45am
Quoting Wavegarrick
{quote} 1.13500 One sell trade closed. Scalper Buy trade/s opened. {image}
Trend line retest. Buy trade opened.
Have a great day
Cheers.
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Trade to trade another day
  • #697,471
  • Edited 12:56am Oct 18, 2022 12:46am | Edited 12:56am
Quoting JameRomeo168
{quote} Smart Money Concept (SMC) is a hardest strategy to practice but very effective to kill the market. People need to work their a.s off everyday to practices it. It is not simple but flaw strategy like Indicators or Trendline. I have been learning SMC since latest 2020 but still struggling sometimes. But since we want to be consistently profitable, hard work, discipline, and commitment must to be required
Risk and Money management is the most important aspect in the SMC, cause majority of these institutional traders wont put SL, instead they will hedge or have their account is so big, maybe they can afford up to 1000pips floating against them.
The problem is when we wait for confirmation the majority of the time when the zone is confirmed, the window of opportunity is over. Subsequently, you dont have a good entry.

The trade-off using the SMC, is when you have a good entry, you run the risk of being on the worng side since you dont have the confimation yet.
On the other hand, when you have a confirmation, your window of opportunity is already closed, and subsequently, your entry is far from the liquidity level.
More time in the market, does not mean you trade better!
  • #697,472
  • Oct 18, 2022 12:50am Oct 18, 2022 12:50am
Quoting billytt
{quote} That makes sense. Similar to a person growing up, baby,child, adult. Trdae well.
But with a difference: During the human progression , when failing there is no starting over at the beginning. But with the financial time series, a failure to progress at a stage results in a RESET back to the smallest TF.
To free Gazans of Hamas, use whatever it takes.
  • #697,473
  • Oct 18, 2022 12:54am Oct 18, 2022 12:54am
Quoting Fardeen1209
{quote} {image} Hope that little explanation help. Any comments are welcomed

Nice chart!
  • #697,474
  • Oct 18, 2022 12:58am Oct 18, 2022 12:58am
Quoting WizardTrade
Current H1 candle will make a bullish pin bar most probably. Let's see.
Says it all
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WARNING: This post warps space and time in its vicinity.
  • #697,475
  • Oct 18, 2022 12:59am Oct 18, 2022 12:59am
Quoting DrDave
{quote} But with a difference: During the human progression , when failing there is no starting over at the beginning. But with the financial time series, a failure to progress at a stage results in a RESET back to the smallest TF.
agreed, but we aim to get it right first time.
Survival of the fittest. Charles Darwin.
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #697,476
  • Oct 18, 2022 1:02am Oct 18, 2022 1:02am
Quoting Georginson
Today's plan... Buy trades from 1.1120 and 1.1100 Sell trades from 1.1450 and 1.1520... Anything in between is too much of a risk.... Gap at 1.1177 is still yet to close... Current 4 hours candle plan to end in 1 hour 45 minutes a buy from 1.1325 is safe... Highest possible pips drawdown is 35 pips... But entry must not be on till next 4 hours candle open.
It did work out and the total drawdown before making 25 pips gain was minus 23 pips... Wait for next 4 hours candle which is expected to have 90 - 120 pips range.
Data + Stat + Risk/Emotions Management
  • #697,477
  • Oct 18, 2022 1:04am Oct 18, 2022 1:04am
Quoting RaHaG0D
{quote} Short at 1.13245 - TP : 20 pips If the price goes up, I will add more & if the last H is reached today, I will exit the trades with a loss
My entry point was not good at all (I didn't pay attention to 5M for confirmation. Every mistake has a cost) the second trade was added (1.13550). All trades are closed manually with 20 pips of profit, otherwise I will exit with a loss
There is nothing wrong with being kind & loving to each other
  • #697,478
  • Oct 18, 2022 1:08am Oct 18, 2022 1:08am
Quoting Moty
waiting for the next signal {image}
GU

Copy Moty's Trade.
(lazy to analyse today's market set up)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #697,479
  • Oct 18, 2022 1:08am Oct 18, 2022 1:08am
Quoting Pat Chiko
{quote} GU Copy Moty's Trade. (lazy to analyse today's market set up) {image}

MOTY, please use Hammer....
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #697,480
  • Oct 18, 2022 1:10am Oct 18, 2022 1:10am
Quoting Fardeen1209
{quote} Risk and Money management is the most important aspect in the SMC, cause majority of these institutional traders wont put SL, instead they will hedge or have their account is so big, maybe they can afford up to 1000pips floating against them. The problem is when we wait for confirmation the majority of the time when the zone is confirmed, the window of opportunity is over. Subsequently, you dont have a good entry. The trade-off using the SMC, is when you have a good entry, you run the risk of being on the worng side since you dont have the...
Cannot agree more my friend. Risk Management is very important part of SMC. People with 90% win rate with their SMC still blow the accounts if they all in their trade. Loss is the part of Forex Trading. Accept the loss or quit are only two ways to prevent from blowing the account.

I have been brainwashed to put stop loss every trades and strike for better risk rewards from 1-2 to 1-4 max. No one can change my mind, because I'm confident what I do is RIGHT.
With courage, patience, and discipline, success is a matter of time.
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