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Cable Update (GBPUSD)

  • #711,041
  • Dec 2, 2022 5:21am Dec 2, 2022 5:21am
Quoting OragonFx
Bulls waiting for the news Disclaimer: My view only Just for laughs {image}
EU at a Daily supply zone, it would require a very bad NFP release to breakout this level.

Or a sharp reversal will be produced
More time in the market, does not mean you trade better!
  • #711,042
  • Dec 2, 2022 5:24am Dec 2, 2022 5:24am
Quoting navk
I may call it a day. I do not want to trade NFP and give back all my profits. To my followers : I trade based on MA. 200 EMA, 50 EMA, 20 EMA + support /resistance 60 min, 240 min + Momentum When 50 ema and 20 ema in 5 and or 15 min / hourly is above 200 ema , I look to buy only and vice versa for sell. I do counter trend trade based on 4hr support/resistance. The picture is self explanatory. This educative info is posted here as I do not share my trades or post calls. {image} {image}
Great...you can make money any system or indicator if you know how to use it and you know it very well
keep it up bro....
!! Radha Radha !!
  • #711,043
  • Dec 2, 2022 5:25am Dec 2, 2022 5:25am
Quoting Indigo45
{quote} I noticed that your most of the trades are for 2 Pips.. is it true...
No, the smallest profit may be 2 pips or even negative.

Highest profit 30 to 40 pips..

I trade based on dollar cost averaging method.

Meaning, I add trades with 0.1 0r 0.2 lot size.

As I have enough capital to play with, my risk is % of total capital.

For each basket, i see to it, it does not go beyond 2 to 2.5 % risk.

I can not make so much profit with 2 pips.
Intraday only.
  • #711,044
  • Dec 2, 2022 5:27am Dec 2, 2022 5:27am
Quoting suhas316
{quote} Great...you can make money any system or indicator if you know how to use it and you know it very well keep it up bro....
Correct, well said.

This statement is true if one knows how to manage risk with decent trading method as I posted above.
Intraday only.
  • #711,045
  • Dec 2, 2022 5:30am Dec 2, 2022 5:30am
It doesn't seem to be a very good expansion after squeeze, so I'll end with this. good work.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD(M5)_2022.12.02_202921.gif Size: 95 KB
  • #711,046
  • Dec 2, 2022 5:32am Dec 2, 2022 5:32am
simple chart, not complicated.

On a 5 min chart, 200 ema, 50 ema, 20 ema in play.

Now, when one should take a trade ?

when the price falls below 50 ema and above 200 ema, buy it.

Vice versa for sell.

This is one method.

Another method, I trade based on 4hr/60 min support/resistance for counter trade.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.iM5.png Size: 18 KB
Intraday only.
  • #711,047
  • Dec 2, 2022 5:33am Dec 2, 2022 5:33am
GBP/USD 3min Timeframe

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_2022-12-02_12-31-58_fe8ad.png Size: 37 KB
Dont be upset with the result you didnt get from the work you didnt do
  • #711,048
  • Dec 2, 2022 5:42am Dec 2, 2022 5:42am
Quoting navk
{quote} No, the smallest profit may be 2 pips or even negative. Highest profit 30 to 40 pips.. I trade based on dollar cost averaging method. Meaning, I add trades with 0.1 0r 0.2 lot size. As I have enough capital to play with, my risk is % of total capital. For each basket, i see to it, it does not go beyond 2 to 2.5 % risk. I can not make so much profit with 2 pips.
Great... Keep up the good work.
Regards.
  • #711,049
  • Dec 2, 2022 5:48am Dec 2, 2022 5:48am
Quoting OragonFx
Bulls waiting for the news Disclaimer: My view only Just for laughs {image}
I remember a month ago, people on this very forum were saying the exact same thing about the pound.
  • #711,050
  • Dec 2, 2022 5:51am Dec 2, 2022 5:51am
Quoting Indigo45
{quote} I noticed that your most of the trades are for 2-5 Pips.. is it a good strategy to get some and run away....
Most of time, my trades are accurate.

I follow methods as Posted here .

The trade which is not correct, I get out with stop loss method
Attached Image (click to enlarge)
Click to Enlarge Name: book3.png Size: 7 KB
Intraday only.
  • #711,051
  • Dec 2, 2022 5:55am Dec 2, 2022 5:55am
12280 acting the bouncer. A break above will show us 123-12320. NFP could lead us to above 124 depending on how it turns out.

90 mins left
Insane in the Brain..
  • #711,052
  • Dec 2, 2022 5:58am Dec 2, 2022 5:58am
Quoting BeeTogether
12280 acting the bouncer. A break above will show us 123-12320. NFP could lead us to above 124 depending on how it turns out. 90 mins left
I will watch NFP game today, will not play it.

Intraday only.
  • #711,053
  • Dec 2, 2022 6:06am Dec 2, 2022 6:06am
Quoting MrFanciful
The weekly candles are screaming retracement coming
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #711,054
  • Dec 2, 2022 6:11am Dec 2, 2022 6:11am
what about todays" news .guide me plz What do you think about today's news?
  • #711,055
  • Dec 2, 2022 6:27am Dec 2, 2022 6:27am
Sleep mode
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2022-12-02-14-25-36-724-edit_net.metaquotes.metatrader4.jpg Size: 456 KB
yes yes yes
  • #711,056
  • Dec 2, 2022 6:29am Dec 2, 2022 6:29am
Quoting navk
{quote} I will watch NFP game today, will not play it.
good call!
Insane in the Brain..
  • #711,057
  • Dec 2, 2022 6:30am Dec 2, 2022 6:30am
Quoting Moty
Sleep mode {image}
Bro are you shorting?
Insane in the Brain..
  • #711,058
  • Dec 2, 2022 6:30am Dec 2, 2022 6:30am
Quoting Whale
{quote} You welcome.
there was no need to ignore, this was very basic h1 macd movement

you were selling against trend and i just highlighted it to help you
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 18 KB
  • #711,059
  • Dec 2, 2022 6:35am Dec 2, 2022 6:35am
Quoting Moty
Sleep mode {image}
Demo account bro.
  • #711,060
  • Dec 2, 2022 6:38am Dec 2, 2022 6:38am
Quoting navk
{quote} Most of time, my trades are accurate. I follow methods as Posted here . The trade which is not correct, I get out with stop loss method {image}
May be indi + template will be more clear to one like me?
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