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Cable Update (GBP/USD) without Idiots 23 replies

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Cable Update (GBPUSD)

booked all trades
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Indicators on my chart help me guess the trade they do not guarantee result
Quoting JayBag
{quote} I have to agree. Nothing fishy at all. Price will always go where it wants to go... MM are only good at throwing us off with how they set these candles up Besides that, price will always go where it wants no matter our opinion
How do you determine where it's going?
I always seem to be on the wrong side.
Quoting fxpider
{quote} That leads me to ask, where does the price want to go? and how to know that?
Very valid question

I still have not figured that part out for over 12 years now. Oh dear, do we ever figure that out?
After that long staring at charts, all I have is 'IDEAS'

Nothing is ever definitive in this industry.
I think it's targeting the 1.197 region which is also a FVG on Daily timeframe
Buyer done here 1.1900... most prob
...sorry to interject on those 2 questions re '... How do we know where it is going...' addressed to Jaybag.

No-one knows where it is going....it's all probability, it's all we have. All you can do is play your edge when it develops. Some trades will win, and some will lose. Adapt your risk and money management appropriately, and that's it.

Definition of an edge:

A Trading Edge is a repeating circumstance or set of circumstances (ie a set-up or combination of set-ups comprised of whatsoever variables) that suggest a greater probability of one thing happening over another, based on historical precedent over a large representative empirically documented sample size, to that point in time. Additionally and alternatively; if the edge does not suggest a greater probability of one thing happening over another, then based on a large representative empirically documented sample size to date, it suggests that more gain is available when it succeeds than when it fails, sufficient to realize a net gain over any given future sample size of trades.
Intraday (mainly) swing scalper (+,) via a Supp/Res & PA based edge.
Quoting PatienceFx
booked all trades {image}

Waiting for revert on 3 lines

what are those ??
PaRaM
Quoting JayBag
{quote} Very valid question I still have not figured that part out for over 12 years now. Oh dear, do we ever figure that out? After that long staring at charts, all I have is 'IDEAS' Nothing is ever definitive in this industry.
These 'IDEAS' make us BIASED and we see what we like to see rather than what we are supposed to see in the chart. And doing so most of us, fall into the trap of engineered illusion. Just IMHO.
Always learning
Quoting MrFanciful
{quote} How do you determine where it's going? I always seem to be on the wrong side.
First, we must decide if we want to SCALP, SWING or POSITION.

In my case, I love SWING hence my current trade target is around 300pip. Now, to try to archive that, I must be willing to give at least 100 pips. (That's just me) others could risk way less. If one decides to be a POSITION trader, one should be ready to risk more.

To loosely answer your question, I just have ideas of areas to hunt for longs or short. I play around that area and that's it. I don't have any magic or special ways of pinpointing. (I may get lucky at times with clean entries but not always)

Do you know the biggest problem? A scalper taking exact entries with a SWINGER

Bottom line, I don't know much just like everyone else
Quoting JayBag
{quote} First, we must decide if we want to SCALP, SWING or POSITION. In my case, I love SWING hence my current trade target is around 300pip. Now, to try to archive that, I must be willing to give at least 100 pips. (That's just me) others could risk way less. If one decides to be a POSITION trader, one should be ready to risk more. To loosely answer your question, I just have ideas of areas to hunt for longs or short. I play around that area and that's it. I don't have any magic or special ways of pinpointing. (I may get lucky at times with clean...
make screenshot of your trade explorer and make us happy
more than 1200% per day ?
RedcaT 3003
FTMO 10K - 2 (passed ) All Time Return: 6.8%
Quoting fxpider
{quote} These 'IDEAS' make us BIASED and we see what we like to see rather than what we are supposed to see in the chart. And doing so most of us, fall into the trap of engineered illusion. Just IMHO.
You are 100% correct.

As of this moment, I have bear ideas till 1.1555 area.
I know for a fact where to pull the plug if I don't get it.

Just like everything else, it starts with an IDEA. Some work and some don't
Would you say Thomas Edison fell into a trap of illusion?
this is a start
i want more !!!!!!!!!!
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gap close at dx
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Quoting redcat3003
{quote} make screenshot of your trade explorer and make us happy more than 1200% per day ?
I wish I sold Icecream
Anyway, I was just lucky the other day.

I hope I get lucky today
idea

1.194 (hidden supply on daily) is possible area for start the move but also now.
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Keep it simple, stupid.
Happy Tuesday mates Couldn't read you yet as I have been doing some extra work. But at last I have breather and it feels soooo good!!!!

Look at them 2 best of friends, salivating because they "Pavlov-remembered" what happened last time !

Quoting mtako
Buying time !!!! from here 1779
Quoting mtako
Got in mid-range, now in the lows : buy stop 1.1755
Quoting mtako
bought here 1727, triad done !
Intraday, bulls have enough control in my book to hold through some pullbacks, but perhaps closing one soon ! Dynamic SL of my 1779 now at 1849. All other longs' SLs at BE. Buy stop 1943
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If I don't mention SL and TP = longer-term setup possibly in the works!
Quoting JayBag
{quote} You are 100% correct. As of this moment, I have bear ideas till 1.1555 area. I know for a fact where to pull the plug if I don't get it. Just like everything else, it starts with an IDEA. Some work and some don't Would you say Thomas Edison fell into a trap of illusion?
For Thomas Edison, in our jargon, a "SMART MONEY" would be a better fit.
Always learning
Quoting fxpider
{quote} For Thomas Edison, in our jargon, a "SMART MONEY" would be a better fit.
Fair enough

Smart Money it is then
Think I'm going to close my account and find something else to waste my money on
inflation is gone, 0%

No more

You can load all longs, GU to 1,30+
COT: The precious data ignored
Quoting Whale
idea 1.194 (hidden supply on daily) is possible area for start the move but also now. {image}
Guess not, bulls in the house for now.
Keep it simple, stupid.
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