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Cable Update (GBPUSD)

  • #712,221
  • Dec 7, 2022 11:09am Dec 7, 2022 11:09am
Quoting DrDave
{quote} The industry promotes indicators and a conventional trading language to get every trader hooked And that is another area where I deviate from "every trader". I don't approach trading from the "conventional" perspective. Do you know any other trader that uses a series of TFs from 1 minute through Monthly in which most of the TFs are not part of popular charting applications such as MetaTrader? How about anyone that has a DYNAMIC "focus" to identify the optimum TF that is setting up for a trend continuation entry versus using 2 or maybe 3...
What you have described is not an indicator
POSTMASTER
  • #712,222
  • Dec 7, 2022 11:10am Dec 7, 2022 11:10am
Quoting Indigo45
{quote} I agree with you. I have been struggling with indicators, one after other. Finally I found that I am trying to drive seeing the back view mirror. Indicators can tell you very nicely what happened. But can't tell you, whats going to happen. I have removed all indicators from my chart (except my own that just tell me today move and replacements).
Indicators can tell you very nicely what happened.

Which is EXACTLY why I use LAGGING indicators!

Q: "What just happened?"
A: "That big truck turned right."
Q: "Are you sure?"
A: "Yes, it's confirmed, and I turned and am following him."
Q: "Is he turning at the next intersection?"
A: "I have no idea at the moment about that. But until he does, I'll just FOLLOW him."
To free Gazans of Hamas, use whatever it takes.
  • #712,223
  • Dec 7, 2022 11:11am Dec 7, 2022 11:11am
Pretty annoying. I had this trade mapped out on my chat, placed them on the Frankfurt open price but they got closed out for some reason
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  • #712,224
  • Dec 7, 2022 11:11am Dec 7, 2022 11:11am
Quoting kuroro001
{quote} 0% lol Even with bad luck you'll have winnings
Yes. Even a stopped clock is correct 2 hours out of every 24.
To free Gazans of Hamas, use whatever it takes.
  • #712,225
  • Dec 7, 2022 11:11am Dec 7, 2022 11:11am
Quoting Robinhood1
{quote} I donīt use indicators and wining. I disagree that indicators can make you win. Its either waves, candles, patterns, channels, in other words, reading charts. Indicators cannot adapt to how charts can stretch according to velocity
Robinhood1, any comment?
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Always trade your own plan...I don't provide trading signals.
  • #712,226
  • Dec 7, 2022 11:13am Dec 7, 2022 11:13am
Quoting Robinhood1
{quote} Not if you are underwater from the beggininig unless you want to leave trade for donkey years
If you pay a spread, then unless it is 0 at the moment of entry, your trade is INSTANTLY underwater FROM THE BEGINNING.
To free Gazans of Hamas, use whatever it takes.
  • #712,227
  • Dec 7, 2022 11:14am Dec 7, 2022 11:14am
Quoting Coreg2004
{quote} Robinhood1, any comment? {image}
Yes, backing a system may be helpful. You are reading waves.
POSTMASTER
  • #712,228
  • Dec 7, 2022 11:18am Dec 7, 2022 11:18am
Quoting nAVIN2007
{quote} this thing better go up..
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...because you never know - until you do!
  • #712,229
  • Dec 7, 2022 11:18am Dec 7, 2022 11:18am
Quoting Robinhood1
{quote} I donīt use indicators and wining. I disagree that indicators can make you win. Its either waves, candles, patterns, channels, in other words, reading charts. Indicators cannot adapt to how charts can stretch according to velocity
I often TURN OFF display of the price bars and make my analysis looking ONLY at the indicators. And technically, of course the indicators themselves do not "make you win". But they ARE a tool that can be used to identify some "pattern" that has been demonstrated to signal where/when an entry can be made that has a high probability of closing by hitting the TP rather than by hitting the SL.
To free Gazans of Hamas, use whatever it takes.
  • #712,230
  • Dec 7, 2022 11:19am Dec 7, 2022 11:19am
Quoting Wavegarrick
{quote} Buy trade entered at 1.21808 for upwards continuation. Take care. {image}
Quite frankly, the issue around indicators vs naked trading have become stale since the invention of retail trading. Indicators merely follow price and not the other way around. The benefit of indicators are that they give you an alert to a situation according to your settings without having to sit glued in front of your trade station. So what now when you get an alert? well I will give you a prime example, once I have received my indicator alert. I see two long bullish one hour candle wicks off my daily pivot. Simple dimple Folks. We are all different traders here and I cannot sit glued at my computer because it will tire me. I'd rather come back with a fresh mind and make an informed decision.
Take care.
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Trade to trade another day
  • #712,231
  • Dec 7, 2022 11:21am Dec 7, 2022 11:21am
Quoting Bella.al
{quote} Enjoy your Coffee , i am having a Tea. -bella
Tea is better for trading cause it has L-theanine to counter the caffeine, less stress, better trading
  • #712,232
  • Dec 7, 2022 11:22am Dec 7, 2022 11:22am
finally in profit
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yes yes yes
  • #712,233
  • Dec 7, 2022 11:22am Dec 7, 2022 11:22am
Quoting Robinhood1
{quote} What you have described is not an indicator
I know it is not. This a second reply that was on the topic of "conventional trading language". I broadened it beyond "indicators" and "trading language".
To free Gazans of Hamas, use whatever it takes.
  • #712,234
  • Dec 7, 2022 11:23am Dec 7, 2022 11:23am
Quoting Bella.al
{quote} It is really paying off Late night hours .... still supported above 'Bella's Support : 1.21724' if any one wants to know what i am talking about , link : https://www.forexfactory.com/thread/...3#post14246653 Waiting for an Update : Looking for Objective 1 : 1.22645 Bella's Blue {image}

Current Rate : 1.22086

I am +14 Pips as i write this , Back in Action.... 'Bella's Support Held : 1.21724' ... my only concern is 'Bella's Price Momentum = +0.10" even though Positive ... it has decreased in value. ( i'll ignore it for now)....

-Bella's Blue
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Goddess of Thunder..
  • #712,235
  • Dec 7, 2022 11:23am Dec 7, 2022 11:23am
Quoting DrDave
{quote} Indicators can tell you very nicely what happened. Which is EXACTLY why I use LAGGING indicators! Q: "What just happened?" A: "That big truck turned right." Q: "Are you sure?" A: "Yes, it's confirmed, and I turned and am following him." Q: "Is he turning at the next intersection?" A: "I have no idea at the moment about that. But until he does, I'll just FOLLOW him."
In forex every time a Big truck turns right, another even bigger one is going to take Left. Thats' what happens in forex market. If you follow the price, it will get you to where it is going.

everyone one has his own use of the tools. If some works with you... Its fine for you because you understand the in your own way.

I have just one opinion. If indicators are right, then to code and get EA work is not a difficult task. But every EA fails in the longer run. why? because they see the back view mirror and result is Head On Collision, No air bags...
  • #712,236
  • Dec 7, 2022 11:23am Dec 7, 2022 11:23am
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!! Radha Radha !!
  • #712,237
  • Dec 7, 2022 11:26am Dec 7, 2022 11:26am
Quoting DrDave
{quote} I often TURN OFF display of the price bars and make my analysis looking ONLY at the indicators. And technically, of course the indicators themselves do not "make you win". But they ARE a tool that can be used to identify some "pattern" that has been demonstrated to signal where/when an entry can be made that has a high probability of closing by hitting the TP rather than by hitting the SL.
This, i agree
POSTMASTER
  • #712,238
  • Dec 7, 2022 11:29am Dec 7, 2022 11:29am
Quoting Wavegarrick {quote} Buy trade entered at 1.21808 for upwards continuation. Take care. {image}

leg down leg up p iv ought to be near previous high
  • #712,239
  • Dec 7, 2022 11:29am Dec 7, 2022 11:29am
Cmon bulls last spike before we take this baby to sleep.
  • #712,240
  • Dec 7, 2022 11:30am Dec 7, 2022 11:30am
119 pips running at this time for me on gu
be a thinker before being a reacter
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Aayansh-FX