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Cable Update (GBPUSD)

  • #704,841
  • Nov 8, 2022 3:01am Nov 8, 2022 3:01am
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?
Well firstly I don't think daily trend is down I think it is more up. Wkly/Mhly down yes. But if your trigger is 15min then dly makes less difference re trend than the next 2 higher t/f's in a t/f combo, ie in this case the 1hr and 4hr re a 15min trigger. Ie Dly is too far away from 15min...so that it is the 1hr/4hr chart conditions you should be worrying about and 1hr is in an uptrend and for me 4hr ranging with signs of recent strength - ie a strong recent upmove as the last real move. Intraday move so far is down. In this scenario it makes more sense to look for long entries unless of course the trend has turned, which none of us know until it has. Re divergence - just because it's there doesn't mean it counts for anything. Looking like this p/back may be deeper so identify where you might trade from re potential supp/res on 1hr/4hr and wait for a 15min trigger there. Pa will tell us the rest if this scenario actually plays out or not..
Trader with an Edge.
  • #704,842
  • Nov 8, 2022 3:02am Nov 8, 2022 3:02am
UJ

Scalping LONG
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #704,843
  • Nov 8, 2022 3:04am Nov 8, 2022 3:04am
bom dia
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  • #704,844
  • Nov 8, 2022 3:05am Nov 8, 2022 3:05am
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.
Read up what i answered you about "do not try to picks tops & bottom"

you are saying trend is down, but you are seeing bullish div and think about buying
Divergence can last LONGER than you think, and its where it hurts

Stick to the trend you see
COT: The precious data ignored
  • #704,845
  • Nov 8, 2022 3:07am Nov 8, 2022 3:07am
Mf !!!!!!!
My tp fir short was 1.14475 ,the pivot line
They went down to 1.14505 , up to 1.14780 , forcing me to switch to long, and then gone to 1.14432
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yes yes yes
  • #704,846
  • Nov 8, 2022 3:12am Nov 8, 2022 3:12am
#GU Sell position
m15 refine at m5
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RedcaT 3003
25k Return This Week: na
  • #704,847
  • Nov 8, 2022 3:12am Nov 8, 2022 3:12am
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
Looking at system, did that give you about 9 pips Billy. ??
  • #704,848
  • Nov 8, 2022 3:12am Nov 8, 2022 3:12am
Supply 1.14702 stop above

We short till 1.14072. Demand
My telegram: https://t.me/avidforex
  • #704,849
  • Nov 8, 2022 3:13am Nov 8, 2022 3:13am
As expected first attempt at daily pivot failed.
Insane in the Brain..
  • #704,850
  • Nov 8, 2022 3:14am Nov 8, 2022 3:14am
Usdjpy possibly long at 146.280
  • #704,851
  • Nov 8, 2022 3:21am Nov 8, 2022 3:21am
Recovered some of the profits lost before
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Extreme gut feeling trader
  • #704,852
  • Nov 8, 2022 3:27am Nov 8, 2022 3:27am
Quoting Chris_35
{quote} Looking at system, did that give you about 9 pips Billy. ??
Hi Chris, the low broke and i got almost 2 pips,,,,
the initial drop was 8 pips but like everything, once that low gets triggered we do not know if price will keep dropping or turn back.
I am soooooooooooo happy to get 1 pip, i hit it hard.
i actually got more off the high break, that was due to fast movement of price and me manually trading lol.
Trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #704,853
  • Nov 8, 2022 3:29am Nov 8, 2022 3:29am
Quoting Chris_35
{quote} Looking at system, did that give you about 9 pips Billy. ??
also, once price moves back into that 08-00 15 minute area, we can trade the breakout again.
This does mean more risk. The more we trade the more we risk.
The 00-00 to 04-00 range can be traded with a breakout and also more than once.
trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #704,854
  • Nov 8, 2022 3:29am Nov 8, 2022 3:29am
Quoting Kimmymore
Note : Only Sell or close Buy GU when you see DXY = 108.5 Need your eyes & your time. {image} {image}

Depend on DXY.

DXY = 108.509 ............107.901 next time.


>>>>>> Nice for us to sell GU.


================
Now GU up again, up to 1.173xx..........1.18005.

& Super Sell GU = 1.18005
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  • #704,855
  • Nov 8, 2022 3:33am Nov 8, 2022 3:33am
So i have withdrawn my initial deposit for this casino acc … in case i lose this one to start over…. Let see how far this account can go targeting 4k by the end of the week..
Extreme gut feeling trader
  • #704,856
  • Nov 8, 2022 3:35am Nov 8, 2022 3:35am
GU H1 :
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  • #704,857
  • Nov 8, 2022 3:36am Nov 8, 2022 3:36am
Gold Tp 1674
  • #704,858
  • Nov 8, 2022 3:37am Nov 8, 2022 3:37am
Quoting Kimmymore
GU H1 : {image}
Looks like a retest as well on H4
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No pen no gen
  • #704,859
  • Nov 8, 2022 3:41am Nov 8, 2022 3:41am
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.
Hello Mate, here are few tips that may help you continue trading...

✓ Do not trade with money you cannot afford to lose, this will help regulate your emotions;
✓ Define your Risk and Reward before making that entry and stick to it (Ensure your risk is lesser than your reward);
✓ Avoid Fear of Missing Out (Fomo), it's okay to miss out on some opportunities which may be threats in disguise, do wait for that confirmation;
✓ Be as flexible as possible (Do not be too loyal or fixated on a position);
✓ The trend is your friend but know also that the trend may also be ending (try to develop strategies to identify the beginning and end of a trend)
✓ Your stops should be very modest (never too tight, never too wide)
✓ Analyse from higher time frames (daily down to 15 minutes) but develop strategies to make entries from lower time frames that align with higher time frames.
✓ Develop strategy of identifying lower highs and lower lows for selling opportunities and higher highs and higher lows for buying opportunities;
✓ Find a very consistent trader and make your mentor but do not follow blindly.


Cheers,
George.
Data + Stat + Risk/Emotions Management
  • #704,860
  • Edited 4:11am Nov 8, 2022 3:42am | Edited 4:11am
Quoting billytt
{quote} Hi Chris, the low broke and i got almost 2 pips,,,, the initial drop was 8 pips but like everything, once that low gets triggered we do not know if price will keep dropping or turn back. I am soooooooooooo happy to get 1 pip, i hit it hard. i actually got more off the high break, that was due to fast movement of price and me manually trading lol. Trade well.
I took a small hit on 07:45 candle and missed 08:00 because I mistakenly thought I would be looking to break lows only, as we were below the 00:00 - 04:00 Not properly understanding that I would look to be bullish and break highs if direction changed on first candle.

p.s had a little short on overnight which made up for small loss this morning.
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