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Cable Update (GBPUSD)

  • #705,241
  • Nov 8, 2022 9:51pm Nov 8, 2022 9:51pm
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  • #705,242
  • Edited 10:09pm Nov 8, 2022 9:58pm | Edited 10:09pm
Quoting dempire1
Hello fellow traders. I have a questions about candlestick wicks. Is there any kind of logic to them? What do they mean/represent? Do you somehow use wicks/bodies? Can you show examples? thanks in advance
Bullish Candle
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One of the example of what is actually happening behind the candle(let's say the above bullish candle is 30mins candle- the wave scene can be seen on a 1mins timeframe which consist of 30 1 mins candle starting from 08:00-08:30 or 08:30-09:00 and so on
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Upper Wick
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Lower Wick
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Before you use something you need to understand what you are playing.
Hope that helps mate.
More time in the market, does not mean you trade better!
  • #705,243
  • Nov 8, 2022 10:00pm Nov 8, 2022 10:00pm
The price likely to test high of yesterday first
Intraday only.
  • #705,244
  • Nov 8, 2022 10:00pm Nov 8, 2022 10:00pm
Quoting mrluckystar
{quote} For me, body is the price, wick only noise.
noise? The price was there, what makes it a noise?

noise related to LTF trading that moving rapidly and changing the structure a lot during the day.

but in fact some of can manage it well.
  • #705,245
  • Nov 8, 2022 10:04pm Nov 8, 2022 10:04pm
Quoting navk
The price likely to test high of yesterday first
Maybe yes maybe no.
The reaction of 1.159X is a bear..
when (if) 1.152 will fall it will be unstoppable imo.
  • #705,246
  • Edited 10:31pm Nov 8, 2022 10:14pm | Edited 10:31pm
Quoting Whale
{quote} noise? The price was there, what makes it a noise? noise related to LTF trading that moving rapidly and changing the structure a lot during the day. but in fact some of can manage it well.
It stated for me!!
Use lower TF for entry. Can see alot of noise. For prediction price movement I use higher TF.
Peace Yo!
  • #705,247
  • Nov 8, 2022 10:20pm Nov 8, 2022 10:20pm
Quoting Whale
{quote} Maybe yes maybe no. The reaction of 1.159X is a bear.. when (if) 1.152 will fall it will be unstoppable imo.
The learning comes when i loose.

I booked already one set of longs.

Now second set of longs open.

Let us see how it goes.

Onething for sure... I will not sleep on my trades when it goes against me
Intraday only.
  • #705,248
  • Nov 8, 2022 10:26pm Nov 8, 2022 10:26pm
Quoting navk
{quote} Asian longs are closed. Will try later. {image}
Which arrow indicator you use ? Can you please tell me .
Learning
  • #705,249
  • Nov 8, 2022 10:35pm Nov 8, 2022 10:35pm
should i buy this or just lazy it out and miss it
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  • #705,250
  • Nov 8, 2022 10:35pm Nov 8, 2022 10:35pm
Quoting dempire1
Hello fellow traders. I have a questions about candlestick wicks. Is there any kind of logic to them? What do they mean/represent? Do you somehow use wicks/bodies? Can you show examples? thanks in advance
Well if there is no wick on a one minute bullish candle with 10 seconds remaining till candle close - Sell.

Or most candles in the last 5% of time remaining till close.

A simple high reward trade with no risk.

There is no noise there, only iceberg orders or absorption orders sitting there.
Trading thin liquidity at the boundary of the charts
  • #705,251
  • Nov 8, 2022 10:43pm Nov 8, 2022 10:43pm
Quoting shadyarif
{quote} Which arrow indicator you use ? Can you please tell me .
her-finger.mq4 on FF
  • #705,252
  • Nov 8, 2022 10:47pm Nov 8, 2022 10:47pm
starting today's journey
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  • #705,253
  • Nov 8, 2022 10:47pm Nov 8, 2022 10:47pm
GU

Waiting for SHORT set up to complete
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #705,254
  • Nov 8, 2022 10:48pm Nov 8, 2022 10:48pm
Quoting Whale
{quote} Maybe yes maybe no. The reaction of 1.159X is a bear.. when (if) 1.152 will fall it will be unstoppable imo.
Usually, I book my profits based on session moves.

This current long move should go all the way up to test the highs of yesterday.

However, I see a daily bearish candle some time today.

I will closely watch r1 for reversal when London opens.

And for my trading plan, I have some targets in mind for every session

Asia : 0.7 to 1 %

Frankfurt/ LO : 0.3 to 0.4 %.

NY session : Mini scalps 0.3 %.

Roughly, If I meet 1.25 % in a day... i do not take big risks but do lots of mini scalps ( Frequent In and out ) by which my account is not exposed much.

Now... the price is slow..

I booked longs....after having met asian targets.
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Intraday only.
  • #705,255
  • Nov 8, 2022 10:50pm Nov 8, 2022 10:50pm
Quoting PatienceFx
starting today's journey {image}
there is no momentum for this journey, it may get stopped
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  • #705,256
  • Nov 8, 2022 10:54pm Nov 8, 2022 10:54pm
Quoting dempire1
{quote} Thank you for signal Pat I got my TP @ 1.15833 edit: TP +130 pips {image}
I'm happy for you Bro.

After putting up those trade , with SL & the two target (TP), went to sleep.
I only spend , between 2 to 3 hours daily on chart. Too lazy to watch.
Woke up everything just went perfectly.

We repeat the feat today.
Take care , see you later at LO.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #705,257
  • Nov 8, 2022 10:57pm Nov 8, 2022 10:57pm
Quoting Pat Chiko
{quote} I'm happy for you Bro. After putting up those trade , with SL & the two target (TP), went to sleep. I only spend , between 2 to 3 hours daily on chart. Too lazy to watch. Woke up everything just went perfectly. We repeat the feat today. Take care , see you later at LO.

Powerful Trading Rules:

Your trading system must be built on quantifiable facts not opinions.


Market don't care on your opinion. Full stop
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #705,258
  • Nov 8, 2022 11:01pm Nov 8, 2022 11:01pm
Quoting navk
{quote} Usually, I book my profits based on session moves. This current long move should go all the way up to test the highs of yesterday. However, I see a daily bearish candle some time today. I will closely watch r1 for reversal when London opens. And for my trading plan, I have some targets in mind for every session Asia : 0.7 to 1 % Frankfurt/ LO : 0.3 to 0.4 %. NY session : Mini scalps 0.3 %. Roughly, If I meet 1.25 % in a day... i do not take big risks but do lots of mini scalps ( Frequent In and out ) by which my account is not exposed much....
yeah yeah…
  • #705,259
  • Nov 8, 2022 11:08pm Nov 8, 2022 11:08pm
Quoting TwFXtrader
{quote} when market is doing this why do i even bother with a 70day challenge lol
Hey Bro ,
don't worry the 70 day challenge.

Trading is a drug and we are getting more addicted day by day.
Take one trade at a time, one day at a time.

You will make more money than trying to multi tasking many pairs, many set up.
Scalping using H4 is the safest, with good set up can get to 99 pips ( that's Coreg limit for scalping)
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #705,260
  • Nov 8, 2022 11:11pm Nov 8, 2022 11:11pm
Many people sent private messages to me about the trading system that i use.

200 ema
50 ema
20 ema.

This is very basic structure.

In addition to this, I use 240 min , 60 min support resistance + most importantly 4hr candle.

I trade in the direction of 4hr candle.

Many have asked about arrow indicator.

It is repainting onw. I just use..that is all.

I trade based on 4hr canlde.

Six candles.

sometimes 2x 4hr or 3x 4hr will be in one direction.

Definitly, when frankfurt, london opens or during london session, there will be a 4hr candle
Intraday only.
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