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Cable Update (GBPUSD)

  • #704,941
  • Nov 8, 2022 5:54am Nov 8, 2022 5:54am
Quoting MrFanciful
In case you're wondering why its stalled, it's because I have a buy and a sell position open and it's just deciding which stop to take first.
Yep...took both
  • #704,942
  • Nov 8, 2022 5:56am Nov 8, 2022 5:56am
Quoting MrFanciful
In case you're wondering why its stalled, it's because I have a buy and a sell position open and it's just deciding which stop to take first.
I don't understand. Why would you enter the market at this time with this lack of action on the charts?
I am neither brave nor stupid...I am just a part time trader
  • #704,943
  • Nov 8, 2022 5:56am Nov 8, 2022 5:56am
Quoting MrFanciful
{quote} Yep...took both
I would stop live trading if I were you until you figure this out, or at least reduce your lot size to the minimum from money you can afford to lose.
Trader with an Edge.
  • #704,944
  • Nov 8, 2022 6:00am Nov 8, 2022 6:00am
Quoting Indiara
{quote} I don't understand. Why would you enter the market at this time with this lack of action on the charts?
Because I see valid entries all over the place. If it isnt on one timeframe, it's on another.

People say, don't try to predict what its going to do, just follow what it's doing. That is exactly what I'm doing. I see a candlestick formation, or a FVG, or an OB, or a consistent pattern of behaviour on an indicator, at levels or support and/or resistance...And I take the trade in the direction that those signals give me.
  • #704,945
  • Nov 8, 2022 6:02am Nov 8, 2022 6:02am
Quoting MrFanciful
{quote} Because I see valid entries all over the place. If it isnt on one timeframe, it's on another. People say, don't try to predict what its going to do, just follow what it's doing. That is exactly what I'm doing. I see a candlestick formation, or a FVG, or an OB, or a consistent pattern of behaviour on an indicator, at levels or support and/or resistance...And I take the trade in the direction that those signals give me.
Well, I just gave you a tried and true method to enter long or short safely, depending on what the market decides to do. But as I said, you have to WAIT until the market has shown us what to do.

Oh well....I tried to help.....
I am neither brave nor stupid...I am just a part time trader
  • #704,946
  • Nov 8, 2022 6:03am Nov 8, 2022 6:03am
Quoting MrFanciful
{quote} Yep...took both
How is it possible ?

We haven't made new lows, or even a strong bounce

Your stops must be way too tight, widen them with smaller position, or trade higher timeframe
COT: The precious data ignored
  • #704,947
  • Nov 8, 2022 6:07am Nov 8, 2022 6:07am
Attached Image (click to enlarge)
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yes yes yes
  • #704,948
  • Nov 8, 2022 6:08am Nov 8, 2022 6:08am
Quoting Indiara
{quote} Well, I just gave you a tried and true method to enter long or short safely, depending on what the market decides to do. But as I said, you have to WAIT until the market has shown us what to do. Oh well....I tried to help.....
I appreciate it, but after over 5 years of trying, I can't see what it's telling me.
  • #704,949
  • Nov 8, 2022 6:10am Nov 8, 2022 6:10am
Holding longs 3 pair see how it is at the end of the day
  • #704,950
  • Nov 8, 2022 6:10am Nov 8, 2022 6:10am
Quoting MrFanciful
{quote} Yep...took both
That's nice.
Same as Waveskie trading styles in his thread.
(Hedging/averaging trades without prediction)


You can check it out ...
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #704,951
  • Nov 8, 2022 6:15am Nov 8, 2022 6:15am
Quoting Pat Chiko
{quote} That's nice. Same as Waveskie trading styles in his thread. (Hedging/averaging trades without prediction) You can check it out ...
Hi Pat, but Wave knows what he is doing.
Trade Well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #704,952
  • Nov 8, 2022 6:15am Nov 8, 2022 6:15am
Quoting Pat Chiko
{quote} GU CLOSED all postion. Price react to SSR zone. May see price wanting to go higher at NY. Refe to Headland Chart and analysis {image}
GU

gimme one spike to take out SL.
In case ,seller over run it may go down and take next LQ level.

Waititng for my N3 for bigger discount price and cheaper.
NO HURRY to N3 now..... it's only a trap set on FOMO trader.
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #704,953
  • Nov 8, 2022 6:17am Nov 8, 2022 6:17am
Ok then...The 50 pip up move that started at 9am...How did you know to sit that one out? Same with the 46 pip down move immediately after? How did you know that those weren't the start of a larger move and worth jumping on?

The down move right now...Anyone going down with it? Or do you know to sit this one out? Is it just making an equal low or will it break through? If it breaks through, are you riding it down, or is it a stop hunt?

I'm serious, this is how my mind thinks with this. As such my trading is very erratic
  • #704,954
  • Nov 8, 2022 6:17am Nov 8, 2022 6:17am
let us see which time frame support stops the drop
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  • #704,955
  • Nov 8, 2022 6:18am Nov 8, 2022 6:18am
Quoting nishantforex
Going down to test daily support at 1.1320 {image}

Don't predict market...just follow the trend on higher time frame.
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  • #704,956
  • Nov 8, 2022 6:18am Nov 8, 2022 6:18am
Quoting Pat Chiko
{quote} GU gimme one spike to take out SL. In case ,seller over run it may go down and take next LQ level. Waititng for my N3 for bigger discount price and cheaper. NO HURRY to N3 now..... it's only a trap set on FOMO trader.{image}
GU

OB for LQ for this NY round to clear all buyer.
Attached Image (click to enlarge)
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #704,957
  • Nov 8, 2022 6:24am Nov 8, 2022 6:24am
EU m1 turning down...time to DXY ?
COT: The precious data ignored
  • #704,958
  • Nov 8, 2022 6:24am Nov 8, 2022 6:24am
Quoting MrFanciful
Ok then...The 50 pip up move that started at 9am...How did you know to sit that one out? Same with the 46 pip down move immediately after? How did you know that those weren't the start of a larger move and worth jumping on? The down move right now...Anyone going down with it? Or do you know to sit this one out? Is it just making an equal low or will it break through? If it breaks through, are you riding it down, or is it a stop hunt? I'm serious, this is how my mind thinks with this. As such my trading is very erratic
been a good morning. right now needs to take out yellow remembered line to head south. its a wait n see now
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  • #704,959
  • Nov 8, 2022 6:25am Nov 8, 2022 6:25am
the lower the time frame and tiniest the candles, faster you can exit from a wrong trade
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  • #704,960
  • Nov 8, 2022 6:25am Nov 8, 2022 6:25am
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yes yes yes
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