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Cable Update (GBPUSD)

  • #711,261
  • Dec 4, 2022 2:24am Dec 4, 2022 2:24am
Awesome. I think we just had that last horse kick before the move. Anytime I enter a trade and haven't seen a move like this, I get a bit worried. Now, let's see if we can archive the target with this wave.
  • #711,262
  • Dec 4, 2022 2:35am Dec 4, 2022 2:35am
Quoting Robinhood1
{quote} Hi Aussi. It is a gap but connected with 16956 on the way down before it reverses. You could be right too.
i have been wrong many times mate , in the first days and paid the brokers , we see what it does later who knows we both might get lucky
people leave, but this thread will go on for ever
  • #711,263
  • Dec 4, 2022 2:38am Dec 4, 2022 2:38am
Quoting JayBag
{quote} Hey Alfie, Hope you are well. I use a number of things and SR is a major part of it. The trigger for me regardless of the strategy is my limited knowledge of Candle Sticks. I even wrote a code based on a candle stick pattern lol. Truth is, my tools are primitive. I just find ways to make them effective as much as possible. Take Care
Hi JB. Try codeing gaps that do not meet ultimate high or low before reversing. If it works send me a copy
POSTMASTER
  • #711,264
  • Dec 4, 2022 2:53am Dec 4, 2022 2:53am
Quoting Robinhood1
{quote} added 16999
I think your buy is very correct.
We ought to see 17485 or slightly higher before sellers step in.
  • #711,265
  • Dec 4, 2022 3:10am Dec 4, 2022 3:10am
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!! Radha Radha !!
  • #711,266
  • Dec 4, 2022 3:49am Dec 4, 2022 3:49am
Quoting Robinhood1
{quote} Hi JB. Try codeing gaps that do not meet ultimate high or low before reversing. If it works send me a copy
It is quite interesting to see how gaps are filled. I understand gap as price breaking out without connecting to to a high/low depending direction. As you can see, there is no connection(blue dots) . It should need to fill. It has already on another platform. This is why an EA may not perform well. I do not know whether done on purpose or what else. I should think that all platforms must match if they are connected to the main source where real exchange is taking place. I could go deeper into the subject but i might be disturbing traders so i apoligize. Just want to point out a defect i see.

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POSTMASTER
  • #711,267
  • Dec 4, 2022 3:58am Dec 4, 2022 3:58am
Quoting Robinhood1
{quote} It is quite interesting to see how gaps are filled. I understand gap as price breaking out without connecting to to a high/low depending direction. As you can see, there is no connection(blue dots) . It should need to fill. It has already on another platform. This is why an EA may not perform well. I do not know whether done on purpose or what else. I should think that all platforms must match if they are connected to the main source where real exchange is taking place. I could go deeper into the subject but i might be disturbing traders...
yes your thinking is good and people look at what you are saying , i never stop learning even at 71 when i get a nibble i need to know kindest regards
people leave, but this thread will go on for ever
  • #711,268
  • Dec 4, 2022 4:31am Dec 4, 2022 4:31am
Quoting Aussi
{quote} yes your thinking is good and people look at what you are saying , i never stop learning even at 71 when i get a nibble i need to know kindest regards
I am 59. We are from the old school
POSTMASTER
  • #711,269
  • Dec 4, 2022 4:42am Dec 4, 2022 4:42am
70% chance of a big bear candle to 1.1870 Area this week if 1.2311 can hold. After then another bullish continuation may follow to end the year at 1.25.

My plan is to sell and put a tight stop at 1.2320 and target 1.1900 this week.

I may be brutally wrong but this is what I see.
Data + Stat + Risk/Emotions Management
  • #711,270
  • Dec 4, 2022 5:08am Dec 4, 2022 5:08am
https://rumble.com/v1xo7i2-brazilian...bolsonaro.html
POSTMASTER
  • #711,271
  • Dec 4, 2022 5:48am Dec 4, 2022 5:48am
Quoting Aussi
{quote} as a lower gap 16920 approx to fill
POSTMASTER
  • #711,272
  • Edited 3:45pm Dec 4, 2022 6:17am | Edited 3:45pm
Quoting Moty
i found a new strategy it looks like i can't lose with this one i just need to foolow the signals {image}
If I could only use one strategy then it would be some form of continuation strategy.
Using GMMA analysis (see Trend Trading by Daryl Guppy) combined with Wyckoff methodology it is much easier to avoid losses trading against the trend and identify opportunities to join the trend with small stops and large upside potential.

First step is to do a GMMA analysis to identify pullbacks in a strong and stable trend. The objective here is not to predict the beginning or end of a trend but identify a trend that is likely to continue and be easy to manage in character, this is because when we cannot easily define the trend we tend to be indecisive about exit decisions - the beginning/end of a trend is extremely volatile and best avoided entirely.
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Second step is to use Wyckoff analysis to identify a trade setup with the trend on a shorter timeframe. The objective being to identify a re-accumulation or redistribution structure working under the assumption that the trend will continue. Of course, being prepared for it to collapse.
At the break and retest (phase E) confirming the breakout, a stop loss behind the breakout candle will ensure that if the trade loses the loss is minimal yet the upside could be 100-1000 pips depending on the strength of the trend and how the position is managed.
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This is not an easy always-winning strategy but it is logical. It may not suit every traders objectives or psychology as it requires a lot of patience, doing nothing but tracking the accumulation/distribution structures until breakout, which can take hours or even days depending on the timeframe. On the other hand, most traders are like headless chickens buying in supply zones and selling in demand zones, completely ignoring the most obvious trends, so with a bit of patience and practice you can chill out, just watch, and be on the right side of the breakout more often than not with good risk/reward.
  • #711,273
  • Dec 4, 2022 6:54am Dec 4, 2022 6:54am
Quoting Moty
i found a new strategy it looks like i can't lose with this one i just need to foolow the signals {image}
Wishing you all of success Moty. You are an indi master, and so close to find the winnng strategy

My only advice for you would be - as you mostly trade short timeframes, try to use tight stop loss. I know most of trades will close in no time, but find that perfect entry with your best set of indicators and you could gain on a winning trade to contra closed trades. Let the winners run.
Check Bilal"s sl strategy.

Many of us lose accounts letting trades slip out of our control when goes against for too long. That's what we need to work on.
  • #711,274
  • Dec 4, 2022 7:27am Dec 4, 2022 7:27am
Quoting Jolita
{quote} Wishing you all of success Moty. You are an indi master, and so close to find the winnng strategy My only advice for you would be - as you mostly trade short timeframes, try to use tight stop loss. I know most of trades will close in no time, but find that perfect entry with your best set of indicators and you could gain on a winning trade to contra closed trades. Let the winners run. Check Bilal"s sl strategy. Many of us lose accounts letting trades slip out of our control when goes against for too long. That's what we...
But the problem for him not indicator.
he never use stop and most time enter at chasing or indicator delay signal without stop.
he never use stop, he go full margin.
PA Return This Week: 41.6%
  • #711,275
  • Dec 4, 2022 7:36am Dec 4, 2022 7:36am
Quoting LeongPuiy
{quote} But the problem for him not indicator. he never use stop and most time enter at chasing or indicator delay signal without stop. he never use stop, he go full margin.
I am a BIG FAN of @Moty!
He often doesn't have a stop loss set. I understand that it is to prevent stop hunts. I am not sure if he has another tool in his toolbox to protect his account (like a margin or equity protector).
Moty also often ignores what his indicators are telling him and follows either his gut or other sources. In some cases he wins and in other cases he loses. I am not sure what the best way to deal with this situation is.
  • #711,276
  • Dec 4, 2022 7:38am Dec 4, 2022 7:38am
Quoting suhas316
{image}
What symbol are you using to trade crude oil?
  • #711,277
  • Dec 4, 2022 7:40am Dec 4, 2022 7:40am
Quoting Kimmymore
MY PIC : GU M5 NF Yesterday !!! They control the price very well. ------------------- GU < 1.20549 : 1.23266..........................1.16440 I BELIEVE GU = 1.16490. {image} {image} {image}
What is the CHCECK ARRS indicator on your chart?
  • #711,278
  • Dec 4, 2022 7:58am Dec 4, 2022 7:58am
Quoting Georginson
70% chance of a big bear candle to 1.1870 Area this week if 1.2311 can hold. After then another bullish continuation may follow to end the year at 1.25. My plan is to sell and put a tight stop at 1.2320 and target 1.1900 this week. I may be brutally wrong but this is what I see.
Ive calculated the probability of you being wrong @ 71%
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #711,279
  • Dec 4, 2022 8:26am Dec 4, 2022 8:26am
[quote=LeongPuiy;14243640]{quote} But the problem for him not indicator. he never use stop and most time enter at chasing or indicator delay signal without stop. he never use stop, he go full margin

Maybe Moty should try to use one.

Investopedia also agree with me -
''Controlling risk is one of the most important aspects of trading successfully. Short-term trading involves risk, so it is essential to minimize risk and maximize return. This requires the use of sell stops or buy stops as protection from market reversals''.

https://www.investopedia.com/article...rm-trading.asp
  • #711,280
  • Dec 4, 2022 8:36am Dec 4, 2022 8:36am
Quoting Jolita
Quoting LeongPuiy
{quote} But the problem for him not indicator. he never use stop and most time enter at chasing or indicator delay signal without stop. he never use stop, he go full margin Maybe Moty should try to use one. Investopedia also agree with me - ''Controlling risk is one of the most important aspects of trading successfully. Short-term trading involves risk, so it is essential to minimize risk and maximize return. This requires the use of sell stops or buy stops as protection from market reversals''. https://www.investopedia.com/article...rm-trading.asp
...
The challenge with a stop loss is that if you set one that protects your trade you risk losing a chunk of equity as MM's stop hunt. With an equity or margin protecting EA or an EA that sets up a stop loss without signalling the market in advance the way that a traditional stop loss works you can potentially get out of the market and get back in at a better price. I am still trying to figure out the best balance. The only detail that I have that I am more positive about is that getting into a trade earlier is much better than trying to chase a trade or get into one later.
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