Disliked{quote} Thanks for your opinion. The only problem here is the exhaustion happened on M5 which I am unsure if it will hold against that H4 dump.Ignored
1
Cable Update (GBPUSD)
- #718,563
- Jan 6, 2023 5:04am Jan 6, 2023 5:04am
- | Membership Revoked | Joined Jun 2011 | 9,885 Posts
{quote} BIG BANK small lots ...
To free Gazans of Hamas, use whatever it takes.
- #718,566
- Jan 6, 2023 5:07am Jan 6, 2023 5:07am
- Joined May 2020 | Status: Best trader ever to exist ever | 10,701 Posts
{quote} GU Maybe this set up looks interesting for NFP. Any view and comments welcome. Be "foresight" not "Hindsight" comments are the one we can learn from. After the fact comment is just like a commentator talk a but the football match that has ended 2 hours ago,{image}
- #718,567
- Jan 6, 2023 5:10am Jan 6, 2023 5:10am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
{quote} Pat! Did we just have the retest of the R at 1.1942 on Daily Chart? Yesterday's candle breaking the Support? Thanks!
Was looking for price to RT this level earlier.
It's seems doesn't want to take the zone out, thus went straight down taking out H4 demand zone.
Here's the Chart.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
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- #718,569
- Jan 6, 2023 5:13am Jan 6, 2023 5:13am
- Joined Dec 2011 | Status: Postmaster | 11,928 Posts
POSTMASTER
- #718,570
- Jan 6, 2023 5:15am Jan 6, 2023 5:15am
- Joined Apr 2020 | Status: Offline | 3,298 Posts
"Exchange of hands"
- #718,573
- Jan 6, 2023 5:22am Jan 6, 2023 5:22am
- Joined Mar 2021 | Status: Trader | 2,976 Posts
{quote} Noo... I think I can help you.. Just for you, 100€ per signal! (Since Euro is now official currency for Croatia).. Or you can wait for another Christmas, then it's only 99.99€. Tell me if you're interested! Hahah... Let's get serious now.. what is your method of trading MrFanciful? S and R, indicators or something else? Thanks!
I use S&R on 4Hour but execute on lower timeframes. I've got a couple of moving averages that have taken me a long time to get right so that it reliably traces the highs and lows in a trend. Unfortunately, I'm constantly trying to guess the swing highs and lows, just as I was doing with the down move. Bought all the way down. Got absolutely raped.
Getting raped again now during the sideways move when a simple Stochastic "overbought" and "oversold" would work
I currently have a buy open, and I know what's going to happen. It's going to peak down below 1.1850 and take me out before starting an up move.
I've tried indicators but they all give contradictory signals. I've tried price action. I've tried liquidity zones and OBs etc. But no matter what system I use, the one I'm using won't work, but the one I didn't use does work. I can never tell what I'm in is a retracement or the beginning of a reversal. Everything is an extension on one timeframe but a pullback on another.
I was much, much better at this when I first started 5 years ago. Only in September of last year did I start blowing accounts. Never happened in the previous five years. I've even stated placing buy and sell orders at the same time because I'm getting to the point where you have a 50/50 of up or down and that's it; a coin toss.
- #718,574
- Jan 6, 2023 5:24am Jan 6, 2023 5:24am
- Joined Apr 2020 | Status: Offline | 3,298 Posts
"Exchange of hands"
- #718,575
- Jan 6, 2023 5:25am Jan 6, 2023 5:25am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
{quote} Hi Pat, I am trying to learn from your charts and I see that you have marked 1.2027 and 1.1959 as significant S/R areas. How about 1.2000? On my chart I have marked this area as well. Do you think this is not significant S/R flip? I a wondering what is the difference or reason behind? {image}
But, if you keep on drawing zones in single chart, it get crowrded.
Those areas are tested and we are focusing on the lower zone.
Analogy of playing Rugby, must be within the field.... That zone you've marked already out side the field.
Nobody play there, except ball picker.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
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- #718,578
- Jan 6, 2023 5:29am Jan 6, 2023 5:29am
- Joined May 2020 | Status: Best trader ever to exist ever | 10,701 Posts
{quote} My strategy is basically do the opposite if what price will do the instant I place an order. I use S&R on 4Hour but execute on lower timeframes. I've got a couple of moving averages that have taken me a long time to get right so that it reliably traces the highs and lows in a trend. Unfortunately, I'm constantly trying to guess the swing highs and lows, just as I was doing with the down move. Bought all the way down. Got absolutely raped. Getting raped again now during the sideways move when a simple Stochastic "overbought" and "oversold"...
- #718,579
- Jan 6, 2023 5:30am Jan 6, 2023 5:30am
I've only just got to the screens now 11am, looks like I missed an easy short at 8am GMT UK time.
I'm Long, this wasn't part of my plan - revenge trading .
If I don't get a higher price than say 1.1890, then I won't trade any more today, GU might tank all day.
I'm Long, this wasn't part of my plan - revenge trading .
If I don't get a higher price than say 1.1890, then I won't trade any more today, GU might tank all day.
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