while enjoying this loop
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"Exchange of hands"
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Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
Why is GBPUSD called cable? 66 replies
cable short for gbpusd? 6 replies
Disliked{quote} My dear bro every day have his own strategy, sometimes it is one minute chart, and sometimes it is an hourly chart, there is a day of data there's a day of fundamental and sometimes just rumors, wake up early and find the strategy to this day and go with itIgnored
Disliked{quote} GU Setting target. Hope it reaches before Christmas...{image}Ignored
Disliked{quote} GU - Real Time Live Trades No target reached, instead they just took my money, now I'm broke.... New N3 for revenge trades.. {image}Ignored
Disliked{quote} IMO yesterday Average daily range (in current ranging market) was met and you still traded that price will extend. Right at that Time I was long (on EU).Ignored
Disliked{quote} Sorry to ask you my Newbie question. How does Average daily range measure if price has reached its limit. I donno how to use it. Can you give me some brief insight how averages measure as price at times is volatile and at times it just calm. I suppose Average daily range measure the past week or days data, how do we know it will measure future movement ?. BTW, what setting do you use for this tools ?. Thank youIgnored
Disliked...this prev near-term 1hr/4hr descending rangy channel has proved an obstacle for bulls so they really need to get upside of it, certainly above thurs's hi anyways, to establish any kind of bullish tone on this 4hr t/f. Of course, the channel may prevail, ie a pullback from a LL and then continue south? 4hr below {image}Ignored
DislikedCable I will only short cable @ 1.21500 or in the Fibo zone 50.0-61.8 ( Current view ) No trade for now {image}Ignored
Disliked{quote} Sorry to ask you my Newbie question. How does Average daily range measure if price has reached its limit. I donno how to use it. Can you give me some brief insight how averages measure as price at times is volatile and at times it just calm. I suppose Average daily range measure the past week or days data, how do we know it will measure future movement ?. BTW, what setting do you use for this tools ?. Thank youIgnored
Disliked{quote} Sorry to ask you my Newbie question. How does Average daily range measure if price has reached its limit. I donno how to use it. Can you give me some brief insight how averages measure as price at times is volatile and at times it just calm. I suppose Average daily range measure the past week or days data, how do we know it will measure future movement ?. BTW, what setting do you use for this tools ?. Thank youIgnored
This is how I trade, show me the history, where price is not honored rules of Big economies. This is happening every day.
every day when I open my laptop I first see the news, I see historical News Data then I define an expected daily price range. I never follow the trend if daily range is met, I go against the trend.
(My other rule I don't use stop loss, rather I use Stop Order. My win loss ration is more than 3:1. so if stop order triggers, trade is hedged. On next confirmed move, I close the Profit trade and open another trade in right direction. My losing trade closes at BE and My new position gives me some pips) This strategy I learned from my cousin who is professional trader since 2008.
Below image I use to define expected daily move and I am on right side 95% of the times. I said 95%...
Disliked{quote} Thanks Headland for your very update informative chart to keep me aware what price is doing. I like you sentence " obstacle for bulls" and giving me some hope my short trades will survive.......lets pray on that. BTW, Today, US PCE inflation data is due today in few hours. The forecast is for core PCE to have increased +0.2% m/m and for the YoY figure to print +4.7% (prev. 5.0%) Important data to reaffirm that inflation has peaked. Looking forward seeing your analysis and chart everyday. Merry Christmas to you Bro,...Ignored