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Cable Update (GBPUSD)

  • #698,181
  • Oct 19, 2022 8:54am Oct 19, 2022 8:54am
Quoting Pat Chiko
{quote} GU. This pull back going to be higher, as the need to dive deeper, Waiting for N3{image}
H1 is the next TF that is in the progression. So if the rallies can reach that far before going into the big drop, check this current H1 down swing for a logical zone for the rally to stop in.
To free Gazans of Hamas, use whatever it takes.
  • #698,182
  • Oct 19, 2022 8:57am Oct 19, 2022 8:57am
Well, if this 15M closes above 1.1245 I'll close my short trades. Then it means it's going long. If not, sell continues I think.


Ah...whatever.. now, I closed my shorts, finally.
Enough waiting.. 1.12327 closing price.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.png Size: 19 KB
  • #698,183
  • Oct 19, 2022 8:58am Oct 19, 2022 8:58am
Long GU at 1.12378 - 3.5 pip SL

Update: SL HIT
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 21 KB
"Exchange of hands"
  • #698,184
  • Oct 19, 2022 9:03am Oct 19, 2022 9:03am
Quoting bilal1947
Long GU at 1.12378 - 3.5 pip SL Update: SL HIT {image}
I took it with a longer stop and it was great... thank you
Do not get emotional when you gain or lose
  • #698,185
  • Oct 19, 2022 9:05am Oct 19, 2022 9:05am
Quoting RaHaG0D
{quote} I use Coral 60 and its coefficients to determine the swings, which actually means bringing big & small time frames in 15M. Without changing the chart, you can see all the time frames like this I use 60 (reference swing) for divergence and convergence, regression channel & Andrews fork I use 15-18 for confirmation for scalping & also for drawing harmonic patterns I also use 30 to draw patterns, flag patterns, wedge,... I also use 4-9 to enter the trade In fact, I monitor the multi-time frame and work together
Thanks for the information.

I already have an indicator that shows me my next three higher TFs on the chart, so that is how I knew that those are the H2 swings. So using this multi-time frame indicator together with Intrinsic Market Timing, I don't need any other indicators, channels, patterns, or anything else. I do have a template that includes multi-RSIs as well, but I hardly use that one anymore.
To free Gazans of Hamas, use whatever it takes.
  • #698,186
  • Oct 19, 2022 9:06am Oct 19, 2022 9:06am
Crude Oil maybe my next pet instrument to trade on the challenge account Just checked it's more of a goldmine for me
WARNING: This post warps space and time in its vicinity.
  • #698,187
  • Oct 19, 2022 9:07am Oct 19, 2022 9:07am
Quoting bilal1947
Long GU at 1.12378 - 3.5 pip SL Update: SL HIT {image}
One more try for long GU at 1.12376 - 4 pip SL
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 20 KB
"Exchange of hands"
  • #698,188
  • Oct 19, 2022 9:08am Oct 19, 2022 9:08am
took long.

tight stop.

1228
Intraday only.
  • #698,189
  • Oct 19, 2022 9:08am Oct 19, 2022 9:08am
Quoting fxsport
{image}Was hoping for more of a re-tracement but I won't get it... What precipitated the "reversal" i.e., current fall: A no-confidence letter for the PM - So I reversed and now I'm short: {image} What a wonderful thing - to play it both ways...
If there is not a convincing close below 1.1220, then it is likely this turn down is just a pullback on the 5m, and there will be an up continuation.
To free Gazans of Hamas, use whatever it takes.
  • #698,190
  • Oct 19, 2022 9:11am Oct 19, 2022 9:11am
Quoting WizardTrade
Crude Oil maybe my next pet instrument to trade on the challenge account Just checked it's more of a goldmine for me
i like paladium, has been very good to me.
  • #698,191
  • Oct 19, 2022 9:12am Oct 19, 2022 9:12am
Quoting TheWolf
Well, if this 15M closes above 1.1245 I'll close my short trades. Then it means it's going long. If not, sell continues I think. Ah...whatever.. now, I closed my shorts, finally. Enough waiting.. 1.12327 closing price. {image}
Might I suggest that you spend some time examining how the swings of smaller TFs comprise higher TF swings? I suspect that it won't take you long to determine that your current indecision about direction is reduced when you understand the relationship.
To free Gazans of Hamas, use whatever it takes.
  • #698,192
  • Oct 19, 2022 9:13am Oct 19, 2022 9:13am
Quoting TheWolf
Well, if this 15M closes above 1.1245 I'll close my short trades. Then it means it's going long. If not, sell continues I think. Ah...whatever.. now, I closed my shorts, finally. Enough waiting.. 1.12327 closing price. {image}

15M about to confirm buy. Dave, you were right!
Buy confirmed. Entered long.

Key: IT'S NEVER THE FIRST BUY! That's why the system is set up to bounce off first buy or sell, fake buy and sell, then if second comes it confirms.

Let's see some momentum now. I expect a good momentum up now to justify good news for Pound (CPI).
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 15M.png Size: 19 KB
  • #698,193
  • Oct 19, 2022 9:13am Oct 19, 2022 9:13am
This gap may not be filled. After smoking my weed TP 1.2000
POSTMASTER
  • #698,194
  • Oct 19, 2022 9:14am Oct 19, 2022 9:14am
Quoting Polimini
{quote} i like paladium, has been very good to me.
I prefer energies over metals since I got burnt a lot of the times due to Gold Hope to see other instruments work well. I will try palladium too I need to get the challenge sorted first. Maybe next year I start trading metals as well.
WARNING: This post warps space and time in its vicinity.
  • #698,195
  • Oct 19, 2022 9:16am Oct 19, 2022 9:16am
Quoting Polimini
{quote} i like paladium, has been very good to me.
since you are trading commodities can you post Lumber chart with RSI please?
  • #698,196
  • Oct 19, 2022 9:20am Oct 19, 2022 9:20am
Quoting TheWolf
{quote} 15M about to confirm buy. Dave, you were right! Buy confirmed. Entered long. Key: IT'S NEVER THE FIRST BUY! That's why the system is set up to bounce off first buy or sell, fake buy and sell, then if second comes it confirms. Let's see some momentum now. I expect a good momentum up now to justify good news for Pound (CPI). {image}
If SL gets hit I'm done for today. More than happy with profit!!

Also, if SL gets hit I smell stupid range again. We did have a sell, but it's nothing really, 100 pips? That's nothing for this pair.

COME ON ROCKYYYYYYYYYYYY (ROCKET). LoL

That's why I like suggestions.. if it wasn't for Dave making me doubt myself today, I might have been still shorting this..
Thanks DrKnowAllAndThenSome!
  • #698,197
  • Oct 19, 2022 9:21am Oct 19, 2022 9:21am
Quoting DrDave
{quote} If there is not a convincing close below 1.1220, then it is likely this turn down is just a pullback on the 5m, and there will be an up continuation.
And so it plays out as expected ...
Intrinsic Market Timing
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 33 KB
To free Gazans of Hamas, use whatever it takes.
  • #698,198
  • Oct 19, 2022 9:22am Oct 19, 2022 9:22am
Quoting bilal1947
{quote} One more try for long GU at 1.12376 - 4 pip SL {image}
(1:5RR) +20pips alone on main entry, recovered the earlier SL , closing the additionals

it seem i can be a good signal provider
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 22 KB
"Exchange of hands"
  • #698,199
  • Oct 19, 2022 9:22am Oct 19, 2022 9:22am
Quoting Purple
{quote} since you are trading commodities can you post Lumber chart with RSI please?
just go to tradingview mate
  • #698,200
  • Oct 19, 2022 9:23am Oct 19, 2022 9:23am
Lower prices are coming.
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