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Cable Update (GBPUSD)

  • #711,181
  • Dec 2, 2022 11:02am Dec 2, 2022 11:02am
Quoting nAVIN2007
{quote} So far im right tone {image}
its still above the pivot when we last spoke
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #711,182
  • Dec 2, 2022 11:05am Dec 2, 2022 11:05am
Quoting Bones
{quote} its still above the pivot when we last spoke {image}

Lets see..
  • #711,183
  • Dec 2, 2022 11:18am Dec 2, 2022 11:18am
Quoting Kwt4x
nothing wrong in pointing out mistakes since the member himself complained, even if it's harsh advice, it might help him re-think his way of trading. the thing is, indicators does not read the market, the trader should know how to read the market first (structure or methods) then he can use the indicators to help him read. one of the oldest methods is "DOW Theory", simple rules to identify trend stages and breaking a trend means starting another. all you need to do is to be with the current trend until it's done. {image} cheers,
Kwt4x, if trading was as simple as sticking to any of the theories, the majority of us would be millionaires already.
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Always trade your own plan...I don't provide trading signals.
  • #711,184
  • Dec 2, 2022 11:18am Dec 2, 2022 11:18am
Quoting nAVIN2007
{quote} Lets see..
price is higher today than the 28th sept
technically I have doubts what next but fundamentally I struggle with all the way down anytime soon
its over the pivot

I don't think inflation is over at all but I can see it flatten as higher data is being dragged into the last 12 months
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #711,185
  • Dec 2, 2022 11:19am Dec 2, 2022 11:19am
Unbelievable
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yes yes yes
  • #711,186
  • Dec 2, 2022 11:31am Dec 2, 2022 11:31am
Quoting Coreg2004
{quote} Kwt4x, if trading was as simple as sticking to any of the theories, the majority of us would be millionaires already. {image}
maybe we should, did you try it ?
"the public is not yet ready for it" W.D. GANN
  • #711,187
  • Dec 2, 2022 11:31am Dec 2, 2022 11:31am
Quoting BeeTogether
Crazy day lost 50% off my funds however current long should reduce that to circa 40 after I TP around 12350 SL set to b/e which is around the 12250 area
damn bro!..
  • #711,188
  • Dec 2, 2022 11:35am Dec 2, 2022 11:35am
Quoting Kwt4x
{quote} maybe we should, did you try it ?
Check my profile and my posting...

https://www.forexfactory.com/thread/...5#post14206605
Always trade your own plan...I don't provide trading signals.
  • #711,189
  • Dec 2, 2022 11:45am Dec 2, 2022 11:45am
Attached Image (click to enlarge)
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BP H. --- The Market is telling us all we need to know , a few times a year . . . We are upon such a time now.

Perfect structure. Ending pattern --- A-B-C- 1-2-3-4-5 We are on 5 now...

  • #711,190
  • Dec 2, 2022 11:46am Dec 2, 2022 11:46am
Quoting Coreg2004
{quote} Check my profile and my posting... https://www.forexfactory.com/thread/...5#post14206605
good for you.

so, what's your verdict ? is trading simple or not ?
"the public is not yet ready for it" W.D. GANN
  • #711,191
  • Dec 2, 2022 11:48am Dec 2, 2022 11:48am
A new high is possible , but it won't affect me .

  • #711,192
  • Dec 2, 2022 11:49am Dec 2, 2022 11:49am
Quoting nAVIN2007
{quote} Lets see..
what about cable Nav?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #711,193
  • Dec 2, 2022 11:50am Dec 2, 2022 11:50am
Quoting Pat Chiko
{quote} {quote} Interesting both of you are spot on on Fundamental. Surprise to the upside, but still trending down. Just a kneejerk market reaction? The actual NFP print wasn't that bad, same as last month. But average hourly earnings being up 0.6% compared to 0.3% forecast isn't a good look at all. Here's the what US Non-Farm Payrolls BEAT NFP 263K vs. 200K exp Average hourly earnings 0.6% vs. 0.3% expected Unemployment rate 3.7% (unchanged, inline) Participation rate 62.1% (from 62.2%)...
Can i ask why did you enter at 1.2210? Any level?
  • #711,194
  • Dec 2, 2022 11:54am Dec 2, 2022 11:54am
Quoting Robinhood1
{quote} I was silent today. I lost 50% of my positions and the same thing happened to me with Bitcoin but 25%. I took the retracement of Bitcoin as a reference for all the following not being valid and therefore now I know where to enter for future times, for example usdcad. The move I described this morning is still valid with the new support. {image}
Will be sending you a message esp as your a GPY trader as myself.
  • #711,195
  • Dec 2, 2022 12:06pm Dec 2, 2022 12:06pm
Quoting Coreg2004
{quote} Kwt4x, if trading was as simple as sticking to any of the theories, the majority of us would be millionaires already. {image}
Hi Coreg.

Thanks for your powerful chart.
I couldn't resist the free money and you "Triple A" set up Chart.

Been waiting for your chart.
Attached Image (click to enlarge)
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This trades is copying your good set up.
Not asking for any refund, as it's all good....

Have a nice weekends Bro.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #711,196
  • Dec 2, 2022 12:13pm Dec 2, 2022 12:13pm
Quoting trumps
I think 2150 area is a set up for a 300-350 odd pip move north USD approaching support {image} {image} {image}
Got the bounce off the zone, it looks to be moving up
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Compulsions can be hard to resist
  • #711,197
  • Dec 2, 2022 12:18pm Dec 2, 2022 12:18pm
Quoting kk300
{quote} Can i ask why did you enter at 1.2210? Any level?
Hi KK300,

I'm visual person.
Hope this marked up chart justify the trades taken.
In short, I was waititng for price to show its hands, to continue up or down at consolidation phase.
It's kind of test/retest for break out at ranging phase.
Attached Image (click to enlarge)
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NOTE : I use only S&R for my trades, I've yet to learn other method
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #711,198
  • Dec 2, 2022 12:51pm Dec 2, 2022 12:51pm
Quoting Kwt4x
{quote} good for you. so, what's your verdict ? is trading simple or not ?
In my case depends on the day. When I'm in the "zone" I'm unstoppable, but I've never said I make "easy money" because I have lapses when I'm in front of the computer without a break for 4 hours or more. Sometimes I misread the structure of the market and choose the wrong option to trade. If trading has been easy I shouldn't have lost trades b/c I know my method inside out. Discretionary trading is always hard for day traders b/c we need to make many decisions during the trading day. That's my view, but if someone thinks otherwise I have no problem with it.
Always trade your own plan...I don't provide trading signals.
  • #711,199
  • Dec 2, 2022 1:16pm Dec 2, 2022 1:16pm
Quoting Coreg2004
{quote} In my case depends on the day. When I'm in the "zone" I'm unstoppable, but I've never said I make "easy money" because I have lapses when I'm in front of the computer without a break for 4 hours or more. Sometimes I misread the structure of the market and choose the wrong option to trade. If trading has been easy I shouldn't have lost trades b/c I know my method inside out. Discretionary trading is always hard for day traders b/c we need to make many decisions during the trading day. That's my view, but if someone thinks otherwise I have...
thank you for agreeing with me that reading the market is simple, but sometimes human error's get in the way while trading.

you read the market by structure and daytrade, I read the market by measuring and swing/daytrade, we both make money.

but you agree with me that most traders do not read the market correctly like you and Pat and others, they think indicators will give them the correct read and get in trouble always.

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cheers,
"the public is not yet ready for it" W.D. GANN
  • #711,200
  • Dec 2, 2022 1:34pm Dec 2, 2022 1:34pm
I Saw this gap live but didn't believe it will close today
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see you on Wednesday with this strategy
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yes yes yes
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