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Cable Update (GBPUSD)

  • #704,821
  • Nov 8, 2022 2:33am Nov 8, 2022 2:33am
Quoting billytt
t 08-23 Cable 08-00 to 08-15 candle break. the high didnt break<<(i was only saying before). The low broke for %, i went short off the trigger. I was rather quick on the close of trade, i got my %% but price is still dropping. Happy days. Trade well all, i have finished until tomorrow. t 08-25

t 08-30 edit. 15 minute cable chart just copied.

1= the 07-45 15 minute candle.
2 = the 08-00 15 minute candle.
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t 08-33


The 08-00 candle low broke and so far has made approx 8 pips.
i got almost 2 of them which equates to approx 8% of my bank, lol. <<<< all through compounding it should of been 1.8&
Trade well all.
t
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #704,822
  • Nov 8, 2022 2:33am Nov 8, 2022 2:33am
G/M, 2 more 1hr tests deeper into that wide prev 1hr/4hr sw hi zone to 1565, one in the early Asian session and a deeper pullback resulted re y/day's upmove, with the steepest 1hr/4hr asc t/line downside breach. 1hr bullish hidden div is present and may stay valid on any deeper p/back, whilst price is above 1289.

Price testing top of a prev 1hr sw lo zone now with DP and 2 x fibs in it.

1hr below
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Trader with an Edge.
  • #704,823
  • Nov 8, 2022 2:35am Nov 8, 2022 2:35am
Well...Todays screwing me in the arse again
  • #704,824
  • Nov 8, 2022 2:37am Nov 8, 2022 2:37am
switched to long
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yes yes yes
  • #704,825
  • Nov 8, 2022 2:37am Nov 8, 2022 2:37am
Quoting Indiara
I have a UJ Buy, just for 20 pips target {image}
USDX does *not* seem to have any power to push above Daily Pivot, so I exit UJ for a small loss of -6

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I am neither brave nor stupid...I am just a part time trader
  • #704,826
  • Nov 8, 2022 2:38am Nov 8, 2022 2:38am
UsdJpy setting up for a sell trade.
Cheers.
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Trade to trade another day
  • #704,827
  • Nov 8, 2022 2:39am Nov 8, 2022 2:39am
Quoting suhas316
Although on smaller time frames its showing down trend but on bigger time frame its still bullish.... I will wait lil more to go short {image}
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!! Radha Radha !!
  • #704,828
  • Nov 8, 2022 2:43am Nov 8, 2022 2:43am
Quoting MrFanciful
Well...Todays screwing me in the arse again
what's gone wrong?
Trader with an Edge.
  • #704,829
  • Nov 8, 2022 2:47am Nov 8, 2022 2:47am
It could be a pullback
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  • #704,830
  • Nov 8, 2022 2:49am Nov 8, 2022 2:49am
It doesn't matter what timeframe I use, whether I use indicators or just price action. I even learned C# so I could code my own custom indicator to help with directional bias. I just lose lose lose. Interspersed with the rare lucky day.

I'm close to calling it quits.
  • #704,831
  • Nov 8, 2022 2:51am Nov 8, 2022 2:51am
Quoting MrFanciful
It doesn't matter what timeframe I use, whether I use indicators or just price action. I even learned C# so I could code my own custom indicator to help with directional bias. I just lose lose lose. Interspersed with the rare lucky day. I'm close to calling it quits.
Try demo for couple of months… gain confidence then try back again
Extreme gut feeling trader
  • #704,832
  • Nov 8, 2022 2:51am Nov 8, 2022 2:51am
Seems like it just want to go down….
Extreme gut feeling trader
  • #704,833
  • Nov 8, 2022 2:52am Nov 8, 2022 2:52am
So right now, daily trend is currently down. but we're at support, and if you're and ICT person, at an OB. If you're an indicator person, theres a bullish diverence in the 15 minute stochastic.

Do you continue going down with the trend, or do you go long?

EDIT: as I'm typing this, we could be reacting to the OB on the 5 minute.
This should be an insight into my mind. I see both directions at the same time.
  • #704,834
  • Nov 8, 2022 2:55am Nov 8, 2022 2:55am
Quoting MrFanciful
So right now, daily trend is currently down. but we're at support, and if you're and ICT person, at an OB. If you're an indicator person, theres a bullish diverence in the 15 minute stochastic. Do you continue going down with the trend, or do you go long?
I am not going to do either. I won't Buy because all my charts are on the Sell side, but I won't Sell either because I missed the best entry. So I will keep my capital safe, and wait for a better chance to come along. And it will. Perhaps today, perhaps not, but it WILL come
I am neither brave nor stupid...I am just a part time trader
  • #704,835
  • Nov 8, 2022 2:55am Nov 8, 2022 2:55am
Quoting MrFanciful
It doesn't matter what timeframe I use, whether I use indicators or just price action. I even learned C# so I could code my own custom indicator to help with directional bias. I just lose lose lose. Interspersed with the rare lucky day. I'm close to calling it quits.
hey man, this has happened to me and has happened to almost everyone, best thing i can tell u, switch to demo for a while, study again, it will get better. i took a 6 month break at a time , just got back and yes its better
  • #704,836
  • Nov 8, 2022 2:56am Nov 8, 2022 2:56am
Quoting MrFanciful
So right now, daily trend is currently down. but we're at support, and if you're and ICT person, at an OB. If you're an indicator person, theres a bullish diverence in the 15 minute stochastic. Do you continue going down with the trend, or do you go long? EDIT: as I'm typing this, we could be reacting to the OB on the 5 minute. This should be an insight into my mind. I see both directions at the same time.
You can trade both like waveskie do. Put a stop loss on each and let the winner run.
No pen no gen
  • #704,837
  • Nov 8, 2022 2:58am Nov 8, 2022 2:58am
Eurusd long at 0.99750
  • #704,838
  • Nov 8, 2022 2:59am Nov 8, 2022 2:59am
Quoting MrFanciful
It doesn't matter what timeframe I use, whether I use indicators or just price action. I even learned C# so I could code my own custom indicator to help with directional bias. I just lose lose lose. Interspersed with the rare lucky day. I'm close to calling it quits.
indicators tell a good story of the past not the present.
Watch a current candle forming see where it is in relation to the daily range, see the position in relation to a market open.
Is it an inside 4 hour, is it in a consolidation range???
These are all basic clues, nothing fancy.
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #704,839
  • Nov 8, 2022 3:00am Nov 8, 2022 3:00am
Quoting MrFanciful
So right now, daily trend is currently down. but we're at support, and if you're and ICT person, at an OB. If you're an indicator person, theres a bullish diverence in the 15 minute stochastic. Do you continue going down with the trend, or do you go long? EDIT: as I'm typing this, we could be reacting to the OB on the 5 minute. This should be an insight into my mind. I see both directions at the same time.
Sit on your hands and wait until the picture clears up
Don't be greedy
  • #704,840
  • Nov 8, 2022 3:01am Nov 8, 2022 3:01am
Quoting MrFanciful
It doesn't matter what timeframe I use, whether I use indicators or just price action. I even learned C# so I could code my own custom indicator to help with directional bias. I just lose lose lose. Interspersed with the rare lucky day. I'm close to calling it quits.
We all been through this step of quitting, but we didn't

Some small changes can help you more than you think
-Try to widen your stops if they are too tight (while risking the same amount, aka smaller position)
-Never try to catch tops and bottom, you may have lucky shots, but on the long run its bound to fail
-always go withing the current trend, look today no matter where you sell you'd have been in profits
-indicator/price may not be the problem, maybe the mindset? your MM?
COT: The precious data ignored
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