Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#698,541
Oct 20, 2022 5:19am Oct 20, 2022 5:19am

Pat Chiko
| Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts

Quoting fxsport

Disliked

{quote} Pat Do you think GU will be able to touch 1.13 today?

Ignored

Even tho', I come from future, I cannot predict where price want to go.
My trade purely based on Price Action on what price is doing now.

There's going to be two test ahead.
If pass, go up, if fail go down..... as simple as that.

Just do as the chart is doing, not thinking what chart want to do.
That's my newbie perspective on GU now.

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I come from the future.

Karen X Mas Bonus 2025 All Time Profit: $15,104

#698,542
Oct 20, 2022 5:19am Oct 20, 2022 5:19am

elbert3
Joined Dec 2013 | Status: Trader | 19,815 Posts

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waiting for the rule to see if it applies

#698,543
Oct 20, 2022 5:23am Oct 20, 2022 5:23am

MIKKI
Joined Feb 2009 | Status: Trader | 969 Posts

Quoting Indiara

Disliked

Close at -18 I had a chance to close at BE but I resisted. {image}

Ignored

Quoting Indiara
{quote} 1155 would be ok for me, 1157 not!!

just sit tight will get there... patiance
You should not be spooked by pull backs...its a catalyst for down movement

average dude treading water

#698,544
Oct 20, 2022 5:25am Oct 20, 2022 5:25am

DrDave
| Membership Revoked | Joined Jun 2011 | 9,885 Posts

Quoting Pat Chiko

Disliked

{quote} Knkie, I don't know how to use anything on LTF. The lowest is M30 , its just to find sweet spot N3 or exit. My scalping set up and chart analyzing is based on H4. I think H4 is the best TF for scalping. As newbie, I will start to learn from others here on how to use LTF to trade. Thank you. CHIKO

Ignored

If you "don't know how to use anything on LTF", then you don't know how to use anything on any TF, because financial time series are fractal-like in nature. Whatever you see on one TF occurs on EVERY TF.

Open any TF and display around 100 bars and no indicators. Take a screen capture of ONLY the bars--no price or time included.

Repeat for 3 or 4 other TFs, keeping the number of bars and the size of the bars about the same.

Ask a trading friend to identify the TFs. I assure that he cannot, because the fractal-like nature provides NO CLUES about the specific TF being viewed.

To free Gazans of Hamas, use whatever it takes.

#698,545
Oct 20, 2022 5:25am Oct 20, 2022 5:25am

redcat3003
| Commercial User | Joined Jul 2021 | 221 Posts

use the link to calculate the position volume

https://www.eurotrader.com/tools/risk-calculator/

RedcaT 3003

25k Return This Week: na

#698,546
Oct 20, 2022 5:25am Oct 20, 2022 5:25am

askalt1980
| Joined Dec 2017 | Status: Trader | 20 Posts

i will try this buy limit order
BUY
TARGET 1,14131
ENTRY 1,11911
SL 1,11689

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#698,547
Oct 20, 2022 5:26am Oct 20, 2022 5:26am

Fardeen1209
Temporarily Suspended | Joined Jul 2021 | 3,677 Posts

Quoting Pat Chiko

Disliked

{quote} Hi, Posted two question for others to comments. It is before your N3. You've missed those. BTW, in short notes, here's how it works in simplest form. Once a GOAT told me : "Price is everything. Structure is the key. Timing is essential, Luck is not a strategy." Anything simpler. I cannot explain it. Thank you{image}

Ignored

Hola,
your view is somehow Positive news will come to make the structure fulfilled as it should be.

As currently, there is nothing that convincing to Buy £.

For this reason, many times even bad news doesn't trigger a fall, cause the big guys are already buying to form the market structure, so, on every rejection, they kept buying at a lower price. Thus, rejection to go lower occurs.

More time in the market, does not mean you trade better!

#698,548
Oct 20, 2022 5:27am Oct 20, 2022 5:27am

knkie
Joined Apr 2012 | Status: Stunning | 6,815 Posts

Quoting Pat Chiko

Disliked

{quote} Knkie, I don't know how to use anything on LTF. The lowest is M30 , its just to find sweet spot N3 or exit. My scalping set up and chart analyzing is based on H4. I think H4 is the best TF for scalping. As newbie, I will start to learn from others here on how to use LTF to trade. Thank you. CHIKO

Ignored

I got out of the trad +13 pips
Price is struggling , im not sure it will make it back up to resistance.
There is some liquidity at 1192 so maybe thats a springboard but if that does not hold i think price will fall hard.

could be wrong

in wondering about yourself, you forgot what you came here to be part of

#698,549
Oct 20, 2022 5:29am Oct 20, 2022 5:29am

MIKKI
Joined Feb 2009 | Status: Trader | 969 Posts

Quoting askalt1980

Disliked

i will try this buy limit order BUY TARGET 1,14131 ENTRY 1,11911 SL 1,11689 {image}

Ignored

Whats the reasoning if I may ask?

average dude treading water

#698,550
Oct 20, 2022 5:32am Oct 20, 2022 5:32am

Pat Chiko
| Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts

Quoting Indiara

Disliked

I think that I will take a break from FF for a while. My trading has become worse since I have been here. Not blaming anyone, just myself. Perhaps I just do better on my own Indiara

Ignored

Dear,

I wish you all the best.
Yeah, it may get complicated in here, as some trade calls are not reliable and based on pure guessing, thinking & speculation

Some are good trade call. It's up to you to filter which one.
BTW, all the best to you in seeking the knowledge to learn to trade reliably and consistently.

Take Care & Best Wishes.
CHIKO

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I come from the future.

Karen X Mas Bonus 2025 All Time Profit: $15,104

#698,551
Oct 20, 2022 5:36am Oct 20, 2022 5:36am

TheWolf
Joined May 2022 | Status: I'm Done | 2,577 Posts

Quoting Indiara

Disliked

I think that I will take a break from FF for a while. My trading has become worse since I have been here. Not blaming anyone, just myself. Perhaps I just do better on my own Indiara

Ignored

When I joined, almost every trade I took and posted here went to trash. I thought about leaving from FF and I actually did for some time. I thought I won't be coming back at all. But somehow I did. I couldn't leave this people.. had a lot of fun with them and I don't know, as I said, I feel connected to them already. They helped me, so I wanted to help them of course. Part of the reason why I left back then what because I thought I couldn't help them at all and every trade I suggested was trash.
Finally, last few weeks this doesn't happen anymore.

People here helped me to look at things differently. This really changed the way I look at trading. Still far from perfect, but more confident for sure.

So, if you need some time alone to gather yourself, sure! I did the same. Come back when you think you're ready again for Round 2. We'll all be waiting here for you, as they did for me!

You'll miss many people here, so be back soon!

Take care!

TheWolf

#698,552
Oct 20, 2022 5:37am Oct 20, 2022 5:37am

Fardeen1209
Temporarily Suspended | Joined Jul 2021 | 3,677 Posts

Quoting Indiara

Disliked

I think that I will take a break from FF for a while. My trading has become worse since I have been here. Not blaming anyone, just myself. Perhaps I just do better on my own Indiara

Ignored

I've been planning to do this for a while also, but since I'm using FA combined with TA, for me having different pro traders' opinions is very useful.
Take a break, focus more on your setup and build up more confidence.

TC
Fardeen

More time in the market, does not mean you trade better!

#698,553
Oct 20, 2022 5:39am Oct 20, 2022 5:39am

askalt1980
| Joined Dec 2017 | Status: Trader | 20 Posts

Quoting MIKKI

Disliked

{quote} Whats the reasoning if I may ask?

Ignored

i try this concept

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#698,554
Oct 20, 2022 5:39am Oct 20, 2022 5:39am

Pat Chiko
| Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts

Quoting Fardeen1209

Disliked

{quote} Hola, your view is somehow Positive news will come to make the structure fulfilled as it should be. As currently, there is nothing that convincing to Buy £. For this reason, many times even bad news doesn't trigger a fall, cause the big guys are already buying to form the market structure, so, on every rejection, they kept buying at a lower price. Thus, rejection to go lower occurs.

Ignored

Nice Q.

How about if Liz is gone by next week..
Do you think market will get back the confidence with GBP.

Currently UK, is paying higher price for borrowing, it can't sustain, unless market have the confidence back.
Liz hold they key, the pressure is mounting. (Maybe by Halloween she's gone)

Secondly look how bad is UST.
UK is one of the biggest holder of UST.
I Think, Bailey is selling it and start buy Gilts to support the GBP.

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I come from the future.

Karen X Mas Bonus 2025 All Time Profit: $15,104

#698,555
Oct 20, 2022 5:41am Oct 20, 2022 5:41am

kuroro001
Joined Jul 2007 | Status: Trader | 17,796 Posts

Price could be trying to form support/bottom here
Worth a long 11190

COT: The precious data ignored

#698,556
Oct 20, 2022 5:42am Oct 20, 2022 5:42am

Robinhood1
Joined Dec 2011 | Status: Postmaster | 11,928 Posts

Dollar weakening, turning down or up depending instrument. Short post mine

not to lose concentration

POSTMASTER

#698,557
Oct 20, 2022 5:44am Oct 20, 2022 5:44am

Pat Chiko
| Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts

Quoting Pat Chiko

Disliked

{quote} Nice Q. How about if Liz is gone by next week.. Do you think market will get back the confidence with GBP. Currently UK, is paying higher price for borrowing, it can't sustain, unless market have the confidence back. Liz hold they key, the pressure is mounting. (Maybe by Halloween she's gone) Secondly look how bad is UST. UK is one of the biggest holder of UST. I Think, Bailey is selling it and start buy Gilts to support the GBP. {image}

Ignored

To add a bit.....
This is what the market has been inform.
And hope it will getting better and positive reaction thus far.

".....member of the cabinet last night, it’s clear there is a collective will among ministers to try to keep Liz Truss in office till 31 October, so that the chancellor can determine which further taxes need to rise and what spending should be cut in that de facto budget,…"

I come from the future.

Karen X Mas Bonus 2025 All Time Profit: $15,104