Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#707,281
Nov 15, 2022 7:17am Nov 15, 2022 7:17am

JayBag
Joined May 2016 | Status: Clueless | 6,896 Posts

Quoting MrFanciful

Disliked

{quote} How do you determine where it's going? I always seem to be on the wrong side.

Ignored

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

#707,282
Nov 15, 2022 7:20am Nov 15, 2022 7:20am

redcat3003
| Commercial User | Joined Jul 2021 | 221 Posts

Quoting JayBag

Disliked

{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...

Ignored

make screenshot of your trade explorer and make us happy
more than 1200% per day ?

RedcaT 3003

25k Return This Week: na

#707,283
Nov 15, 2022 7:22am Nov 15, 2022 7:22am

JayBag
Joined May 2016 | Status: Clueless | 6,896 Posts

Quoting fxpider

Disliked

{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.

Ignored

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?

#707,284
Nov 15, 2022 7:24am Nov 15, 2022 7:24am

Moty
Joined Dec 2017 | Status: Trader | 30,688 Posts

this is a start
i want more !!!!!!!!!!

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gap close at dx

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yes yes yes

#707,285
Nov 15, 2022 7:24am Nov 15, 2022 7:24am

JayBag
Joined May 2016 | Status: Clueless | 6,896 Posts

Quoting redcat3003

Disliked

{quote} make screenshot of your trade explorer and make us happy more than 1200% per day ?

Ignored

I wish I sold Icecream

Anyway, I was just lucky the other day.

I hope I get lucky today

#707,286
Nov 15, 2022 7:27am Nov 15, 2022 7:27am

Whale
Joined Jun 2013 | Status: Trader | 14,578 Posts

idea

1.194 (hidden supply on daily) is possible area for start the move but also now.

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#707,287
Nov 15, 2022 7:30am Nov 15, 2022 7:30am

mtako
Joined Sep 2020 | Status: Trader | 8,702 Posts

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

Disliked

Buying time !!!! from here 1779

Ignored

Quoting mtako

Disliked

Got in mid-range, now in the lows : buy stop 1.1755

Ignored

Quoting mtako

Disliked

bought here 1727, triad done !

Ignored

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/or TP = longer-term setup possibly in the works!

#707,288
Nov 15, 2022 7:31am Nov 15, 2022 7:31am

fxpider
Joined Nov 2012 | Status: Naked Chart Samurai | 3,476 Posts

Quoting JayBag

Disliked

{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?

Ignored

For Thomas Edison, in our jargon, a "SMART MONEY" would be a better fit.

Success = Practice + Patience + Persistence

#707,289
Nov 15, 2022 7:33am Nov 15, 2022 7:33am

JayBag
Joined May 2016 | Status: Clueless | 6,896 Posts

Quoting fxpider

Disliked

{quote} For Thomas Edison, in our jargon, a "SMART MONEY" would be a better fit.

Ignored

Fair enough

Smart Money it is then

#707,290
Nov 15, 2022 7:34am Nov 15, 2022 7:34am

MrFanciful
Joined Mar 2021 | Status: Trader | 2,976 Posts

Think I'm going to close my account and find something else to waste my money on

#707,291
Nov 15, 2022 7:35am Nov 15, 2022 7:35am

kuroro001
Joined Jul 2007 | Status: Trader | 17,796 Posts

inflation is gone, 0%

No more

You can load all longs, GU to 1,30+

COT: The precious data ignored

#707,292
Nov 15, 2022 7:35am Nov 15, 2022 7:35am

Whale
Joined Jun 2013 | Status: Trader | 14,578 Posts

Quoting Whale

Disliked

idea 1.194 (hidden supply on daily) is possible area for start the move but also now. {image}

Ignored

Guess not, bulls in the house for now.

#707,293
Nov 15, 2022 7:36am Nov 15, 2022 7:36am

mrhb30jr
Joined May 2010 | Status: Trader | 2,693 Posts

GBPUSD M1 ...

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#707,294
Nov 15, 2022 7:36am Nov 15, 2022 7:36am

AlfieSolomon
Joined May 2021 | Status: Trader | 1,128 Posts

Quoting AlfieSolomon

Disliked

I think it's targeting the 1.197 region which is also a FVG on Daily timeframe

Ignored

I am shorting now

#707,295
Nov 15, 2022 7:38am Nov 15, 2022 7:38am

Bainbrito
Joined Apr 2021 | Status: Trader | 383 Posts

Quoting MrFanciful

Disliked

{quote} How do you determine where it's going? I always seem to be on the wrong side.

Ignored

Quoting Bainbrito

Disliked

Looking at the weekly chart it seems to me that there is more than enough momentum for price to reach 1.2

Ignored

Follow the momentum - if you zoom out or stand across the room from your chart you should be able to see the direction and if not move on to another pair. Think of the trend as a large ship and you just want to hitch your little boat to it and be pulled along with it - trying to predict reversals and so forth is foolish, anything that requires great management on your part should be passed over, let the trend do the work for you whatever timeframe you're looking at..

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"...averaged out, betting on the quality of a business is better than betting on the quality of management. In other words, if you have to choose one, bet on the business momentum, not the brilliance of the manager." - Charlie Munger

#707,296
Nov 15, 2022 7:38am Nov 15, 2022 7:38am