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Cable Update - Continued 105 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

back to Square 1 - not book profit
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"Exchange of hands"
Quoting dantpm
{quote} Picking the point that it will turn around on is difficult!
the whole Daily candle turn green ! and now turning back red again

taking profit is essential.
"Exchange of hands"
Sold 1.2081 TP 1.1900
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
Quoting dantpm
{quote} Picking the point that it will turn around on is difficult!
That is one reason why I use multiple TFs with LAGGING indicators, then follow AFTER the turn is confirmed.
To free Gazans of Hamas, use whatever it takes.
Quoting navk
People : Left, right, centre...shorting the upswing. If I am trading now ( Not trading though ) will only long.
Interesting. I made 4 trades today on GBPUSD, all profitable sells.
To free Gazans of Hamas, use whatever it takes.
Quoting DrDave
{quote}Interesting. I made 4 trades today on GBPUSD, all profitable sells.
well done.

However, people were chasing for short trades when price rising above today lows.

Technically, I would be buying from 2000 support, though there were pull backs
Intraday only.
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Happy Christmas everybody.best regards as ever E
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Let’s try go out with a good trade . Short 55 stop 65
Quoting elbert3
{image}Happy Christmas everybody.best regards as ever E
Wish you and your family a great Christmas.

Cheers !
Intraday only.
Quoting navk
{quote} well done. However, people were chasing for short trades when price rising above today lows. Technically, I would be buying from 2000 support, though there were pull backs
people were chasing for short trades when price rising above today lows

LOL. I consider those as gamblers or guessers. I wait until a signal that a TF is in an actual down swing before even considering a sell entry.
To free Gazans of Hamas, use whatever it takes.
Quoting DrDave
{quote} people were chasing for short trades when price rising above today lows LOL. I consider those as gamblers or guessers. I wait until a signal that a TF is in an actual down swing before even considering a sell entry.
I meant those who sold at lows, sold at middle.. ( Left, right, centre )

Intraday only.
Quoting DrDave
{quote} people were chasing for short trades when price rising above today lows LOL. I consider those as gamblers or guessers. I wait until a signal that a TF is in an actual down swing before even considering a sell entry.
What do you consider appropriate signals of downtrends or uptrends for TF's?
got a few pips happy hollyways tp all see u next week...
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Quoting dantpm
{quote} What do you consider appropriate signals of downtrends or uptrends for TF's?
yeah, i too thought of same question.

For me, the whole of LO... and asia daily open...

the open line never breached.

It means long candle to me.

If price falls below daily open.. i would consider short.

Rest of signals are consdered pull backs. In my theory
Intraday only.
Quoting dantpm
{quote} What do you consider appropriate signals of downtrends or uptrends for TF's?
Classical Dow Theory for trend confirmation.

I see many people will enter a trade very shortly after a new swing has started on a TF. However, there is no way to know if it is a retracement swing in a trend or if it is the first swing in a trend reversal. The odds are not in your favor of making the correct choice by viewing only that single TF.
To free Gazans of Hamas, use whatever it takes.
Quoting papatya
sell limit 1.2062 {image}
TP didn't work
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Part time trader
Sell GU Tp 1.187..
Quoting DrDave
{quote}Classical Dow Theory for trend confirmation. I see many people will enter a trade very shortly after a new swing has started on a TF. However, there is no way to know if it is a retracement swing in a trend or if it is the first swing in a trend reversal. The odds are not in your favor of making the correct choice by viewing only that single TF.
I tend to look for a confirmation across the 15, 5, and 1 min time frames.
Seeing a blank chart is like looking at the world without eyes, in this struggle using indicators acts as crutches which shows the way to the blind man, thanks to the indicators.

Once you have spend time with indicates and used to of them ! guess what !

You have stunted your mind that is it no more growth towards reading the Price ! sorry i bring you to this !

the only savior left is risk management.

Open yourself to Learning the price/charts with no crutches ! which needs study and practice.

Dare Devil the blind Child scene:
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"Exchange of hands"
Quoting bilal1947
{quote} the whole Daily candle turn green ! and now turning back red again taking profit is essential.
Daily candle turns Red.

take profit time.
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"Exchange of hands"
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